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IHUB Complaint Board
Posted On: 10/16/2012 7:51:24 AM
Post# of 678
Posted By: Expose
Janice shell aggressively bashing Miller Energy a stock that the streetsweeper is SHORT. She is part of the editorial team. Is she being compensated for posting? Does she earn a bonus, even though it is disclosed that members of editorial team cannot take a financial position? Is there a form of compensation that is NOT being DIsclosed?

* Important Disclosure: TheStreetSweeper, through its members, began establishing a short position in Miller Energy Resources (MILL) on June 24 and has now shorted a total of 129,431 shares of the company’s stock at an average price of $7.07 a share. It expects to profit on future declines in the stock by covering its short position at a lower price and will fully disclose the details of its transactions as they occur.

Update: TheStreetSweeper covered 39,500 shares of MILL on July 28 at $5.42 a share. It covered the remaining 89,931 shares of its short position in MILL on July 28 at $3.76 a share and no longer has a position in the company's stock. TheStreetSweeper may choose to establish a new short position in MILL in the future and will promptly disclose the details of any additional transactions in the company's stock if and when they occur.

As a matter of policy, TheStreetSweeper prohibits members of its editorial staff from taking financial positions in the companies that they cover.

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