oilsleuth, I get what BG is saying. My point is Caveat Emptor, DYOR / DYODD are all saying basically the same thing, ie if you do not take care to check what you are being sold, it is your fault not the fault of the person doing the selling. So we should do our own due diligence. Ok so we are only PI's but that does not mean we cannot or should not do some of what the professionals do. By combining our efforts and techniques and sharing them on boards like this we can actually do a pretty fair job of working out what the risks and rewards really are. People need to make their own assessment still and decide whether they like the risk reward balance. For me oil can be $1000 a barrel and the risk reward balance still would not look good as I cannot put any trust in anything Malc B says and by his association with him I have serious doubts about Tim B as well. So for me, the DD is now only about academic pursuit of the truth in order to help others make their own decisions, hopefully backed up by their own DD as well.
If someone thinks they can sue me for doing it, let them try. I can't afford a fancy lawyer to defend me, so I will have to go straight to the media to find someone willing to fund my case in return for the exclusive rights to the story. There are a number of principles at stake here.
1. Companies should provide clear accurate and unambiguous information at all time to all shareholders, the excuses for not doing so will not wash.
2. There is the principle of freedom of speech.
I am sure there are plenty of journalists who would be happy to take up stories around those principles. I just hope they do not hire Paul B!
News 
Market Data 
Discover 
AI
