There is also the continuous bashing based on certain personality traits and past history of management. The problem is that these identified "traits" and "histories" are either false or exargerated. However, over time, the continued repetition of the qualities creates a reinforcing echo effect that eventually becomes a well known "fact" and becomes an accepted "truth". These now accepted "truths" have little or no basis in actual facts only the "facts" accepted as general "truths". A good example is Parkin and the E-mail timelines for events. Early in the game, Parkin may have given time estimates to a few or several investors. Once that was established, lots of posters began claiming that they had received e-mails from Parkin stating hard timelines. An echo effect was established based on a truth, but expanded in fabrication. Parkin then became unreliable and suspect as a CEO because it became generally accepted that Parkin time estimates are unreliable since we all "know" that he e-mails certain people with information and timelines. Just today, we get a reinforcing echo of what he says in E-mails times 3. That even creates an expectation window 3 times the stated date time, so when that new more tolerant date comes to pass, the carping begins on the known "fact" that Parkin had set a date. Therefore, there must be something deeply wrong because "this is late even for Parkin." See how the subtle smear works? I see this all the time with small and microcap companies.
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