This business of SEC regulations needs to be cleared up.
I'm no lawyer, but if someone does not work for a company it is hard for me to imagine how they can possibly be under SEC regulations as individual investors. I think this may have come up when Byron and some others spoke with the CEO (Mr. Chin) and passed on portions of their conversation. It is their right to pass on any, all, or none of their private convesation with the CEO or any other corporate employee. When I call IR, there is nothing that forces me to keep or pass on anything I learn. We should be grateful to Byron and others for what they pass on to us, not question them about SEC regs that they do not fall under. Any of us can make the same calls they have done, fly to Santa Monica, etc, and hope to be lucky enough to catch the CEO.
The CEO, as anyone who works for the company, does have to observe SEC regulations concerning insider trading and disclosure of information. And I have not seen anything to remotely suggest that Mr. Chin, Jo from IR, or any other employee has not followed SEC regulations to the letter. Mark even told us that when he spoke with Mr. Chin, Mr. Chin told him that he could not talk about certain things. But, hypothetically, even if a DGIV employee were to say something that they should not, it would be they who would be violating SEC regs, not us as investors! |
