Dusty,
I agree with you, to an extent. (wow...we are rolling here) While I think that the news needs to come from an officer of the company, I also understand that officers would not generally draft the release themselves. Rather, they should have final "sign off" before anything is actually sent to the wire services. Therefore, as long as the content is approved by an officer, I would think that the author is released from liability.
Now if the Exxon release had been done without the knowledge and consent of the board, I, too would have sold at the $40 level and never looked back. But it simply wasn't that way. I cannot remember if you were one of the people in telephone contact with the company at that time or not, but we were all being told on the phone by Dan Fisher and John Spriggs that the Exxon thing was for real.
I think, in the case of Midland, it will always come down to the root of the dishonesty...Dan Fisher.
No offense, but this is just how I see it.
:-)
Binder |
