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boogaloo

12/18/09 9:26 AM

#10923 RE: lastdog #10922

lastdog, If the company is so ignorant, inept, or disorganized so as NOT to have a method for validating/verifying the claims of their distributors (such as a damn simple phone call to the CUSTOMER) PRIOR to issuing a PR, then maybe they don't deserve to be cut much slack on the aspect of who's onus such a screw-up is? There's no good excuse for such a thing. You heard the phrase, "They can't get out of their own way"? Sounds like it may fit. So, I can only assume it was intentional, or totally inept, due to the fact that it was not corrected but was silently taken off their website instead. And obviously ignored otherwise.

People buy stock based directly on such misleading press, period. That's all that needs to be said about this. How many other past BIG PRs were some altered version of the truth as well? Either due to staff incompetence, or intentional, doesn't matter. One has to wonder. Maybe this is why so many things are announced and then never heard of again. Creative truthfulness or pre-emptive speaking out. It all makes more sense to me now.
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trade2much

12/18/09 11:30 AM

#10932 RE: lastdog #10922

lastdog:imo actually it is up to the company to verify what they put in writing as a PR is correct, if they put out false info then that is their bad and up to them to correct it. Note they the company did NOT retract that bad info, merely took part of it off their website and left part of it on.

Imo If there was litigation involved all parties would likely be named, and if investors bought on false company furnished information then imo the company, along with the source of the bad information should be held accountable.

I think if you check with a lawyer that is how the law works. That is supposed to be the reason why the company has an IR to proof the PRs and then they get signed off by SB. Note FC when continually asked for PROJECT updates on facebook said she would have to check with IR/SB jmho