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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Kevin Hamlin who wrote (16729)	6/15/1999 7:32:00 PM
From: the Chief	Read Replies (1) of 62348

But to suggest that "another wrong", this time from "our side of the fence", is somehow justifiable or defencable, just because they've been "doing it to us" for however many years....well, that's where you lose me. Much like politicians, companies can do as they please. There is very little recourse for an investor if he/she is unhappy with the company or management. Companies are purposely structured so as to allow for the insiders and friends to "excert complete" control of the company. Shareholders are at best, a group of sheep that must follow. Take a "graphics package" for an example, the CEO bails out on a huge number of shares and insists that he "really never knew" that they were in trouble! The OSC sits on their thumbs and pretends they are concerned and does there little waddle to impress people. The CEO walks away with $20,000,000 and watches shareholder equity fall thru the toilet...the next quarter the CEO says its all rosie honest...during that quater, as the shares recover, the rest of his insiders bail out...and low and behold....bad quarter...sorry shareholders...we really thaought it was going to be good!!! Morality is a noble ideal and I wish it could be practiced in the stock market, but if you believe it is possible to "win using morality" then prepare yourself for a 10 year battle that will see shareholders continually fleeced during the interim. If Morality was present...we wouldn't be discussing this problem. CEO's and directors with criminal records that do not reveal there past to their shareholders are "hiding something"!! If not, why don't they just come forward and spill the beans and say they are sorry...why....because nobody would invest in their company...so they hide it....so when found out....they lose!Cold philosophy but it has to be! the Chief

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