Should a multi-alias poster, one who typically "bashes" a stock by claiming positive posters are "touts," merely because they expressed their opinions, be concerned about liitgation brought by a CEO against a poster? Here's someone who apparently thinks so, and quite hypocritically rails against limiting "awareness" and opinions. I guess it comes down to "my opinion should be free, yours should not, unless you agree with me." LOL
Message 24177480
To: anniebonny who wrote (10183) 1/2/2008 8:51:12 PM
From: anniebonny Read Replies (1) of 10187
Agoracom/Norwood Resources
so was this one - where Agoracom was the "stockawareness promoter"
SH Poster sued
Posted by: thebroker1 on October 02, 2007 11:19AM
Good idea to think twice, type once, then think twice before posting!
Norwood chairman sues Stockhouse poster
2007-10-01 16:20 ET - Street Wire
Also Street Wire (C-SWB) Stockgroup Information Systems Inc
by Stockwatch Business Reporter
The chairman of Norwood Resources Ltd., Edward Mercaldo, does not like some things that were said about him on the Internet. He is suing a poster named Ceridian for posts made on the Stockhouse website between May 26, 2007, and Aug. 2, 2007.
The unusually drawn statement of claim lists the titles of 20 different postings made by Ceridian between June 18, 2007, and Aug. 8, 2007, but neglects to disclose the words that bear the libellous meaning. (Six posts remain on Stockhouse.) Mr. Mercaldo alleges that the defamatory words, whatever those words might be, question his moral character, imply he is a criminal, degrade him, and infer he was not acting in the best interest of the company and its shareholders. He says the author acted maliciously by publishing them in a forum where Norwood shareholders, as well as members of the public familiar with him and his occupation, would read them. The lawsuit points out that millions of people use the World Wide Web and that a large, unquantifiable number of people might have read the nasty words.
Robert Taylor of Taylor Veinotte Sullivan represents Mr. Mercaldo. None of the allegations have been proven in court.
Norwood traded as high as $4.03 in March, but when the company announced it had abandoned a well on May 22, it dropped to $1.04 from $2.18. It dropped steeply again on July 12, to 46 cents from 84 cents, after the company finished testing its San Bartolo well. Ceridian seems to have taken out his frustration with the stock on Mr. Mercaldo, or simply revelled in Norwood's misfortune.
Norwood now trades around 80 cents.
agoracom.com
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IMO this stockawareness company is having a say about what goes on in the public venue on the stock they are "Awaring". Isn't that their job?? |
