SI Grammar and Spelling Lab Message Board

STOCKTALK

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.

Pastimes : SI Grammar and Spelling Lab

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: VALUESPEC who wrote (1574)	10/23/1998 9:44:00 AM
From: Yamakita	Read Replies (2) of 4711

I totally agree with your interpretation. The present tense "being raised" gives it away. It means that they are IMO bogusly representing and exaggerating their cash cache. It seems deliberately ambiguous to me. I note, however, that the full quote below and the portion you quote above are different. The upper one omits "being" and the lower one has it. I would be strongly inclined to sell or sell short the security in question, all other factors being equal. The only change I would make in your cake example is this: "We believe the money raised through the financing of our German chocolate cake division will be sufficient to meet our future expenses." The analogy seems more exact that way, since "through private placement of securities" and "through financing" are so similar.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next