Posted On: 06/04/2014 11:53:23 PM
Post# of 30036
I have no problem with investors using misperception of a filing by others to pick up cheaper shares or profit from a unsubstantiated run-up in share price because of the misperception.
However, it's a completely different matter when investors help to perpetuate the misperception so they can maximize their desired transactions. That is both illegal, unethical, and the mark of a low-life, the same kind of person who commits fraud and steals the life savings of the elderly.
Your previous response was unclear, so I asked the question. Thanks for clearing it up. So far, every time an S-1 is submitted, there are many who misunderstand its purpose and what the company is doing, and unload their shares because they are clueless. But like you stated, there's always someone standing ready to take advantage of their lack of knowledge.
However, it's a completely different matter when investors help to perpetuate the misperception so they can maximize their desired transactions. That is both illegal, unethical, and the mark of a low-life, the same kind of person who commits fraud and steals the life savings of the elderly.
Your previous response was unclear, so I asked the question. Thanks for clearing it up. So far, every time an S-1 is submitted, there are many who misunderstand its purpose and what the company is doing, and unload their shares because they are clueless. But like you stated, there's always someone standing ready to take advantage of their lack of knowledge.
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The truth is incontrovertible. Malice may attack it, ignorance may deride it, or a narcissistic board moderator may delete it because it doesn't support his disjointed thinking, but in the end, there it is.
– Windbag Duckbill
– Windbag Duckbill
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