"Chris, I think the multiple class action suits and the many negative stories in the press where CYBR's down fall. You try and paint a pretty picture about CYBR.
It aint pretty"
It wasn't I who suggested that CYBR be "Lerached" many weeks before the CA's came to fruition... it was Auric/Worthington. It seems to me to not be a tremendous leap of faith to suspect, on some level, a potential connection between Auric/Worthington and Bill Lerach - perhaps they have had lunch some time together, or had a telephone conversation or two? I don't know, but since there is no such thing as true prescience, clairvoyance, clairaudience or any other hokey voodoo, one would easily understand my suspicion that Auric has had some source of information not necessarily available to the rest of us peons.
Meanwhile, the CA's are without merit, in my opinion, and rife with questionable attributes - including but not limited to a lead plaintiff who bought 200 shares AFTER Herb started his tirade in The STreet.com. This made me suspect that the lead plaintiff MAY have been recruited and/or POSSIBLY compensated as a sort of "professional" lead plaintiff so that a Class Action Lawsuit could be launched against CYBR.
Meanwhile, Auric/Worthington seemed to be able to accurately predict the "Leraching" weeks ahead of time. Makes me wonder if some agency of th Federal Government would want to investigate any possible personal or professional connection between Auric/Worthington and Millberg, Weiss, etc (Lerach's firm).
CYBR's downfall BEGAN with what seemed to all eyes as a concentrated and organized effort to depress the price by having certain players conspire to SHORT the issue contemporaneously on the morning of February 23, 2000. With no bad news about CYBR within weeks of that date, there would be no other explanation that would reasonably explain the first 20 minutes of trading on that morning, especially because the premarket didn't seem to indicate that investors were bailing.
What the action seemed to indicate to me was a band of short sellers trying to make it appear as if investors were bailing off to effect a panic amongst retail long investors, thus possibly attempting to manipulate the price by possibly manipulating investor sentiment by combining the almost 2 months of internet message board bashing with concentrated and collusive short-selling - which appears to traders and those watching the intra-day action as any other sale, which has been shown to cause panic amongst investors.
Now, as to the Class Action Lawsuits - do you know of any claims or allegations made by those CA's to be factually true? |
