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.
Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (19603)7/7/1999 8:14:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
Dennis are you long YHOO? As to my post of presentation made to a bank or an government agency please read the following decission of the US Supreme Court

supct.law.cornell.edu

While stating that it "would in all probability be concluded" that "wholly frivolous and unrelated" false statements made in a loan
application
"did not supply the basis for a prosecution under section 31," the court made it clear that this was dicta, because it explained
in the very next sentence that "there [was] no question of the relevancy of the alleged false statements knowingly made" in the case
before it. Id., at 264. In determining what the revisers might have thought the words of §1014 meant, we think it far more likely that they would have relied on the clear implication of our 1938 decision in Kay v. United States, 303 U.S. 1, rather than on the dicta from two
earlier District or Appeals Court cases.


Please relate to the issue of LOAN APPLICATION!!

More so It is true that a public disclosure trough advertising is not considered an application for a loan, but non-the-less it still is targeted to people to spend their money and buy the stock of YHOO.

It is also true that our government cares less if we as a person loose money by following misleading statements but if you do it to a bank you can go to jail for 30 years and fined up to $1,000,000.00

Therefeore I do not think that YHOO press release is so much "over the top" they are trying to induce you to believe they made money and buy the stock. Fraudulent inducement, - regardless is criminal.

BWDIK
Haim