Hello everyone. I had a conversation with Tim yesterday........
He indicated that there are those of you out there that believe that I have been responsible for causing CAML stock to fall in value, and hence for you to lose money.
This is written for those folks.
First I am flattered that you think I have had so much influence, However, I truly doubt that this is the case. The market is made up of enough people that do their homework without relying on anything read in forums such as SI (and the readership of such forums is relatively small), that what I say likely has little impact.
There is a couple of other aspects to consider. I have consistently advised people to get out of CAML. Had any of you people that feel I have hurt you listened, perhaps you might have not lost as much.
If you feel that the revelation of facts caused the stock to fall, you should have avoided the company in any case. If the value of a stock is determined by people not knowing what is really happening inside a corporation then that company is probably not one to bet money on.
I know (as should you all) that anyone with sufficient disposable income to be putting money into speculative stocks should take responsiblility for their own decisions, therefor you can blame no one but yourselves for any losses you may have incurred. I am unhappy though, that you were decieved by deliberate attempts by CAML to paint a baseless rosy picture.
If you care to blame anyone (other than yourselves, who should shoulder ALL of the blame) for your costly investment decisions, blame Camelot (mis)management. They took a company that had some potential and have come close to killing it.
Remember that all I have done is to present factual information and informed speculation that Camelot would have preferred that you not ever recieve. The fact that anyone was not amenable to using this data to cut their losses should certainly not be blamed on me.
On another topic:
The Camelot 10-Q for the third quarter has not shown up on Edgar. The SEC claims that all filings are availble within 24 hours of their filing. The system is automated.
Camelot's 10-Q was due on March 17. Unless there is a system problem, with Edgar (I have done some checking and this seems to NOT be the case) or they have chosen to file with a local SEC office to preclude the data being availble online (what are they trying to hide?), it would seem that they are in violation of the law (at least in violation of SEC Rule 13a-13 or Rule 15d-13 governing the filing of quarterly reports by publicly held companies, see: law.uc.edu ).
If indeed they have not filed (we at least know that they have avoided their customary press release of quarterly earnings), do you wonder why they are dragging their feet. None of the potential reasons for Camelot's apparent failure to file can mean anything positive!
I wonder just what the prescribed penalties for non-compliance are??? |
