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Friday, January 25, 2013 8:38:42 AM
It's the same boilerplate nonsense that's included in every settlement.
Boilerplate -- why am I having deja vu?
And the notion of judging the size of the fine as a function of gross profit after one-time expenses is beyond laughable. Does anybody with a straight face really believe that Q4 or Q1's gross profit will be that number? Not that it matters, of course, I told you thousands of times for a year and a half that the settlement will be less than 1% of market cap, that the "but this case is different" nonsense was indeed pure nonsense, and it came in at less than 1/5th of 1%. Heck, even my guess was more than 5 times too pessimistic. I was off by 400% -- the peanuts-size parking ticket fine was much much smaller.
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