But the over riding issue for me is that once he d
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But the over riding issue for me is that once he decided to put public statements of filings and impending audited financials being released through those filings, he sealed the curtain of scrutiny on himself and the company. Those twitter and FB postings have exposed his efforts to both us shareholders and the government entities that hold the company's fate in their proverbial hands.
That is probably the biggest and most upsetting of all. Where I do not dispute the fact that the SEC has allowed companies to use this new media to get word out on what is happening in their companies, I Agree with you that this is a double edge sword. IF the company Fails to Follow through on what it has put out into the public for PR news, the SEC essentially has given these companies ALL THE ROPE THEY NEED TO HANG THEMSELVES WITH, As the saying goes!!
Speaking of Audited Financials and forms and all kinds of stuff, without actually producing these items for shareholders, will land him back in even more hot water, than he was back in 2012. This is why I am always skeptical of news that is going to be released before close of business. Is that 4pm? 5PM? 6PM? News on a Friday, AFTER the market closes is usually really bad news or "Fluff" news, as to not disturb things too much.
In today's market, with SEC investigation and trials on Insider Trading, Ponzi Schemes and such, I think that investors and traders alike have become more watchful of these kind of actions, then they were 6, 8, 10 years ago. Granted, there are still some that feel they can get away with it, and try, and some do, some don't.
Point being, anyone who has money in a stock that is promising movement, rewards and nice returns based on what the company is telling you, WITHOUT backing it up with physical evidence, just a lot of chatter, Then shareholders had better be asking questions, Demanding proof or put the company and its leaders feet to the fire!!