Maybe the press release made statements that were a little bit too bold or misleading I still don't know this to be true, it appears that through no fault of their own, the company's reputation was destroyed and there was no way to recover. Their was no punishable legal action, I believe that there were no further legal actions taken against ACLH, because the company had not violated any SEC laws rules or regulations. Unfortunately the company's stock and reputation had suffered severely with no way to recover based on nothing but suspicion, short sellers that were identified and fear in the markets as a result of this
Absolute BS, the reputation was destroyed because ACLH tried to take advantage of a national catastrophe by making claims that they could not prove to be accurate. So, the PR was not only misleading but inaccurate as well. And it was done while trying to capitalize off of a national disaster which is a huge no-no. ACLH was made a poster child of fraud stemming from the spill and the reason ACLH could not recover is because they could not prove, in any way, that what they put in that PR was accurate or truthful. Simply put, they got caught and they got made an example of.
Short sellers? Really? Are you going to come here and try to put lipstick on that pig? Come on.
At least be honest. You knew your name and number were on the PR's. You were answering questions based solely on what you were told, not what you could prove and all was good until the company found itself in hot water. You didn't verify a thing, you admit that. You didn't see it as a problem because you trusted them. They screwed you over as well but your problem lies with the fact that your name was stamped on the bottom of every PR and you admit to never fact checking a single one of those PR's and admit you had no problem with it.
The PR was a fabricated lie and a total misstatement of facts and truths. ACLH was trying to capitalize off of the spill by issuing press releases that put them in a spot they were never in. You went along for the ride because up until then you didn't have any problems.
