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MrBeep

01/17/18 3:59 PM

#19710 RE: mycatch #19709

If you are referring to post #19705, here's the deal. Publicly traded companies are bound by some rules on PR's. They can make speculative statements, but cannot make false statements. That would be stock price manipulation, and maybe a couple other things. I ain't no attorney and I didn't stay at an HIE.

For example, when you see a claim of 'hundreds of dealers' (or whatever) on a specific date, that's very black and white, and from all appearances looks like a false statement. They didn't appear to have any customers back then, and certainly not hundreds.

On the contrary, if they had said they 'expected' to have hundreds of customers 'soon', that would be highly speculative (and a pipe dream) and into a gray area. You'd have to prove that they truly didn't believe that it could happen. Authorities would have to get somebody to tell the truth under oath. Could be proven false, but good luck with that.

But, if the claims in the PR's are clearly false statements, then they have violated the law. Here's just one example:

https://www.sec.gov/news/press-release/2014-265

If you've 'invested' based on those PR's with ludicrous statements, you probably have recourse through SEC. Your money is probably gone, but you'll have the last word. Maybe they will award you the Eco forklift that is parked at the Eco Corp office in the car parking lot....it might be Comery's company car. Maybe he's a 'lyft' driver???

Was that your question?