Ted regarding the other thread and this one.
My investigations are without prejudice,
I have no holdings currently in PINC....based on all sides that I've heard so far, I'd conclude they are right, your side is wrong.
Your side could be held accountable for damages if they could demonstrate how your side diverted resources (time) away from their business and the time they lost cost them business.
It's a big stretch, and if I were their council, I'd advise against it because, in essence, any action would be as frivolous as the defendants against who their claims were made.
I'm only presenting scenario's because I've had no conversations regarding any such matter and only base my arguments on legal precedent. (Obviously, if I had any such conversations with them, I wouldn't be sharing with you my observations).
However, that company's particular concerns really aren't my business
Like I said when I started to participate on that particular thread, I was interested in determining whether your group's actions were more of a problems than the problems they purportedly were acting against.
In this case with this particular company, you are a problem. Your group has not followed any sense of due process, and as such could ultimately in the future subject yourselves individually and/ or collectively in subsequent civil action. Exchanges on these thread comprise a substantial and voluminous body of evidence on which such a case could be made against you, in regards, to any such company.
Furthermore, as per PM w. a FBNer earlier today, in which I stated
the extant of what would constitute responsible action on your part
against any real or perceived transgression.
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In addition, I disagree with what you stated when you said,
"Like I said many times before, I believe it's up to shareholders to do research, the resto of us to ask questions."
It is the responsibilty of potential investors to do their own research by asking the pertitnent questions needed to make investment decisions. Whether, or not, they or others choose to do so, is not your responsibility. Furthermore, it is your responsibilty to report any perceived impropriety to the proper authorities so that these authorities may act accordingly.
In addition, expecting small company's to address your every (mis)interpretation, is a intrusion as such that it distracts a small's company limited time, attentions, and resources away from more pressing needs.
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In conclusion, my participation in SI is not solely for fun or profit.
'Nuff said?
ztect (spelling not checked)
ztect
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