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buenokite

10/22/12 6:28 PM

#201035 RE: Rawnoc #201033

I can assure you the first amendment does not protect leaking material inside information by a journalist. Especially on a stock message board. If you want I can rain down the examples of where "journalists" got their asses in a crack for doing exactly what you describe.
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Stock

10/22/12 7:07 PM

#201040 RE: Rawnoc #201033

It doesn't matter who the "leak" was leaked TO.

All that matters is WHO "LEAKED" IT in the first place...

In other words, who created the image and posted it on the postimage.org web site?

Was it a company official that uploaded that image to postimage.org?

Or a PIPE holder?

And what was the intent of releasing that one page image/ document?

What oral, written or electronic communications exist that discuss that "leak" before the date it showed up online?

Until the legal discovery process catches up, these are open questions.
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Stock

10/22/12 7:29 PM

#201043 RE: Rawnoc #201033

And one last point: If you're insisting that a "journalist" is the one that came along and posted the link to the "SAI Executive Summary" last week...

..then who was the "journalist" working with at JBI on his story?

Chris Irons, it's his job to work with reporters, right?


I posted last week that the front page of that document most likely came from Irons, and obviously made its way to the internet from there.

I also believe that summary was either generated or embellished upon by the beloved JBI IR figurehead, Irons. And I don't think it's original SAI work product.

That one-pager looks like the work of a cut and paste artist to me.

Instead of firing off press releases, Irons should be FIRED for releasing confidential company work product. UNLESS IT'S ALL PART OF THE ONGOING PUMP AND DUMP -- then GIVE THAT MAN A RAISE!

So, who generated the image??
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loanranger

10/22/12 8:01 PM

#201049 RE: Rawnoc #201033

The question, as has been noted, is who is the original source of the information and whether they were obligated to refrain from sharing it. If it's material non-public information that was provided by a company insider, it's improper and would require its prompt and broad distribution to the public. Those that were directly provided with the information would be in violation of insider trading rules if they traded on it prior to its being published by the company. If it was shared by a pipe investor who signed a confidentiality agreement, it's a violation of that agreement.

Your link, from Stephen Bainbridge's Journal of Law, Politics, and Culture...the blog of a law professor....doesn't say anything at all that contradicts any of that.
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MorningLightMountain

10/22/12 8:05 PM

#201050 RE: Rawnoc #201033

does the first amendment apply in Canada???

The author appears to have been a journalist who works for an Ontario newspaper, according to another board

The first amendment protects ALL citizens