News Focus
News Focus
Followers 3
Posts 567
Boards Moderated 0
Alias Born 01/14/2005

Re: flydoc post# 33252

Friday, 11/04/2005 12:30:41 AM

Friday, November 04, 2005 12:30:41 AM

Post# of 341795
Flydoc

An IR guy or a "consultant" KNOWS that EVERY word he writes here carries weight.

I agree, this is a complete joke and is not how investor relations should act. For almost every company I have dealt with, Investor Relations do not issue statements independently of the company. The company issues official statements through press releases and SEC filings only. Additional information make come through interviews published in articles online or in journals. If IR is contacted about an issue that is material in nature, if that issue is already in the public domain, IR reiterates the statement and usually points to the official statement confirming what they have said. If not in the public domain and if the answer is material, they cannot make a statement on it to the caller because otherwise they would contravene full discosure requirements.

Although I have never seen IR from another company posting "new" information on message boards, I would not see that as a problem so long as they indicate on the message that they are speaking with the authority of the company.

The way it is handled here allows Mario to say anything, yet the company cannot be held accountable as we have seen nothing from the company to indicate that Mario speaks with any authority on their behalf.

You know the company gets a lot of leeway from investors in the way they handle things because of the cost that it might incur to do it properly or promptly (merger for example) and we don't want money wasted unnecessarily. But just having Mario include a stock standard statement regarding the authority under which he speaks would cost nothing to implement and just a few seconds to include each time.

That would make us look so much more professional, yet that is not even being done.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y