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Respectfully, I must disagree. Let's say someone sold their shares, at a loss, while the company willfully and deliberately withheld good drilling results that could have had a material effect on the value of the company, hence their shares. Later that shareholder finds this out after seeing the share price suddenly rise?!? Believe me, the company is liable, whether or not the withheld news is good or bad, and can be fined/sued. If I were in this position, and found out, I would certainly be on the phone straight away to the VSE, the SEC and my lawyer. Solid, reputable companies would never risk this. |
