What to do about the basher whose misdeeds and IP
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Posted On: 12/20/2021 10:12:41 AM
What to do about the basher whose misdeeds and IP have been revealed?
The best thing to do is to forward all of this kind of information to NP, who can send it on to Sidley Austin. One individual may not be significant in and of himself -- but if it fits a pattern of behavior, it is possible that this person might get subpoenaed in an eventual lawsuit, and might testify against his cronies in return for not being sued personally. You never know what thread, when pulled, can unravel their whole scheme.
The SEC will do nothing about individual members of short cabals. It is futile to report them to the SEC. There was a case some years ago in which a prominent "financial journalist" lied about getting advance results from a clinical trial, claimed they were horrible, and the stock tanked. When the clinical trial results were released, they were in fact great. But, the stock did not recover because most of the small investors had sold and did not re-buy (wash sale rule). So the company had to sell itself for far less than its actual worth (which many of us believed was the goal of that financial "journalist" ).
A dozen of us reported it to the SEC. They didn't even reply to most of us, even though they are supposed to at least acknowledge receipt of the complaint. The one person they replied to get a receipt, and nothing was done.
So give NP the information. I think it would be pretty frightening for an individual to get a subpoena or be named as a defendant (along with big companies and other individuals) in a lawsuit filed by a firm like Sidley Austin.
The best thing to do is to forward all of this kind of information to NP, who can send it on to Sidley Austin. One individual may not be significant in and of himself -- but if it fits a pattern of behavior, it is possible that this person might get subpoenaed in an eventual lawsuit, and might testify against his cronies in return for not being sued personally. You never know what thread, when pulled, can unravel their whole scheme.
The SEC will do nothing about individual members of short cabals. It is futile to report them to the SEC. There was a case some years ago in which a prominent "financial journalist" lied about getting advance results from a clinical trial, claimed they were horrible, and the stock tanked. When the clinical trial results were released, they were in fact great. But, the stock did not recover because most of the small investors had sold and did not re-buy (wash sale rule). So the company had to sell itself for far less than its actual worth (which many of us believed was the goal of that financial "journalist" ).
A dozen of us reported it to the SEC. They didn't even reply to most of us, even though they are supposed to at least acknowledge receipt of the complaint. The one person they replied to get a receipt, and nothing was done.
So give NP the information. I think it would be pretty frightening for an individual to get a subpoena or be named as a defendant (along with big companies and other individuals) in a lawsuit filed by a firm like Sidley Austin.
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