Corporate Vision (CVIA) Message Board

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Microcap & Penny Stocks : Corporate Vision (CVIA)

CVIA 0.480

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Jun 30 5:00 PM EST

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To: Matt Brown who wrote (4242)	4/27/1998 9:46:00 PM
From: TraderGreg	of 6654

Matt- I have heard instances of former shareholders suing when bad news, which caused the panic selling, is reversed after they sold out and the price rebounds. I'm not a securities attorney but I think their rationale would follow along these lines. Company issues news that they know, or should have known, will tank the stock. Shareholders bail out, the stock tanks, company then REVERSES itself, does the right thing and the stock rebounds. The disgruntled shareholders feel damaged because they believe their shares were extorted by the company who "planned" this all along to get shares on the cheap. It may sound ridiculous, but these things do happen. TG

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