Dee Jay
A long says: management is great, financials are stellar, the products are good, the sales people are knocking on customer doors, and the outlook is rosy.
Pink says: management stinks, the books look cooked, the sales people are looking for work, and products, schmoducts, the stock is headed for the crapper.
Is one statement subject to SEC action and the other not? I don't think so. And even if one side or the other exaggerates, like saying salespeople are leaving in droves, it's an opinion, even if it is stated in such a manner that it sounds as if the poster knows it as a fact. Opinions are not actionable, and the SEC won't waste its time. Many people have threatened Bill Wexler with lawsuits and SEC investigation for his similar negative comments, yet I have not seen any to date.
I think the SEC is much more concerned about long touting than short bashing. In either case, however, the intent of most posters is to drive the stock in the direction they want it to travel. Other than OTC:BB stocks, I can't believe that a single poster can have a significant effect on a stock, especially one that trades nearly half a million shares a day like MRVC. And most of the MRVC longs are saying that Pink has had nothing to do with the recent decline, that he just got lucky. You, OTOH, must be saying that Pink had a material effect on the stock price. Most of Pink's picks, including MRVC, have crashed due to significant internal problems that Pink has merely pointed out.
In short, you are wasting your time. But hey, it's your time to waste, have at it. |
