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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Ga Bard who wrote (5810)7/31/1999 3:49:00 PM
From: Bob B.  Read Replies (1) of 150070
 
Your post wasn't very clear to me. I don't understand your points. If you are trying to make the point that there would be a defense against a legal action that it true and obvious. There had better be. Not many would just give up in a legal case. But remember that in civil cases that you only have to be certain beyond a reasonable doubt. In a criminal case you have to be certain without a doubt.

If a shareholder can prove in court that a company had misinformed them with the ill INTENT of manipulating share price price, then not only is the company liable, but individuals associated with the company could also be liable. It will not matter what disclaimers are made. There is a fine line of what a disclaimer can do especially in court.

If I put a sign in front of my house that said "Beware of Ice On the Steps, enter at your own risk", but proceeded to spray the steps with water everyday so it would freeze, knowing that eventually my step mother would come over and trip. Do you think that the disclaimer would save me.

If a company publicly claims that another company (McGladrey Network" has audited their financials, and it is not true, then there could certainly be a legal claim against the company.

If a company leads people to believe false financial information and uses an auditing services name to support them up without permission, then once again there could be legal action taken. That would certainly be defamation of character and name.

As far as my example went, that is all it was, so I really don't understand what point you are trying to make.

My point in the previous post was that there was probably some serious pressure put on them from many direction. I'm not so sure that the company would have issued the statement without it. And I doubt very much that it had anything to do with the "Kindness of their Hearts".

Let me ask you another question, with this great PR the company released the stock value should have been over $2. Why then after the big accumulation that took place From July 23 through the time of the press release did the major accumulation start to end. Don't you think that there would have been even more accumulation after the release since the average shareholder had no idea of the EPS that was reported. Why was there so much dumping of the stock on Thursday? The william's%r even hit bottom Friday morning (before the news) at the -100 level. The charts so it.

209.67.221.61

Without a doubt in my mind there were people who new when to buy and knew when to sell this stock.

I understand that you are not interested in the stock and don't intend to be, I am only responding to your previous post. I'm also not trying to start an argument with you.

Regards
Bob B.
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