SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WDC/Sandisk Corporation
WDC 157.75+0.4%Nov 14 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve 667 who wrote (3069)5/21/1998 6:10:00 PM
From: limtex  Read Replies (1) of 60323
 
I'm not a lawyer but here are some things to think about:-

1. This is a public company. You can't just list all the downsides in the world and then say well it was all in the annual report and I warned you and still you bought. ... well then its your own fault. no I think that thats OK if you are privately held but if you go out to the pubilc you have to use your best efforts in all directions to help your shareholders increase the value fo their investment. I think this is a fundamental of being a public company today and you can't remove yourself form it by pointing out every warning in the book.

2. This company sold a secondary in October last year. They had a top name investment bank with its name on it. They went to the public and asked for more money. No-one put a gun to their head to ask them to do this they did it themselves they wanted to do it they worked at it they went on road shows and they didn't ignore questions in those days they answered every one.

Lastly as I say I'm not a lawyer and so maybe there are other things that public companies are supposed to do in circumstances like SNDK that they haven't done for their shareholders. May like saying that there is nothing worong or they can't understand why the stock is reducing in value daily like it is. Its perfectly normal for companies to issue profit warnings so if there is nothing "wrong" then instead of selling 60,000 of shares why not say so and some of us would stop worrying.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News