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To: StockDung who wrote (2301)6/20/2000 12:54:00 PM
From: sommovigo  Respond to of 3392
 
Floyd - the stock was also down because of Herb's tirade - a tirade that the shorts knew of in advance, but no one else knew about it. There are shorts out there who have press connections and trade against foreknowledge of damaging articles, thanks to Herb's own loose lips...

The stock trades where it tradesd and goes up and down for various reasons, but it remains that the company can tell an investor that a filing is immanent, just not what is contained in the filing. If the management doesn't meet the expectation they set for such a thing, then they have to answer to the shareholders - but that is the risk that they run. It is still not illegal for a company to advise an investor of an immanent filing that is expected, such as a 10k. Nor is it illegal for them to miss the mark they set - but, as I said before, if they do miss the mark - they have the shareholders to answer to for that.