I really don't see how you can rationalize FB to ANY pink sheet stock or the markets they are in. Using your logic, Walmart was generating a lot of sales and profits prior to going public....so it was just an exercise of insiders cashing in when they went public? And Apple? Etc, etc.... If that is true, then I guess there should not be a stock market.
Momma always said, 2 wrongs don't make a right. I think she was correct...the weakest of all defenses for fraudulent activity...some might even call it spin....or....what do we call it?