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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Oeconomicus who wrote (144876)8/6/2002 5:01:23 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
"That said, if you have evidence that AMZN management or board members have illegally misrepresented the results or financial condition of the business, then make your case. I'm sure many clever members of the plaintiff's bar have tried (and continue to try). Find that evidence and you could make millions yourself from Amazon. But let us know before you go public with it, ok? ;-) "

I do not claim nor have claimed to heve evidence of fraud. Maybe some slight confusion with their partners if it was stock given to Amazon or cash;-)

"Besides, thousands of public shareholders made tons of money as well by selling the stock to "greater fools" - would you call their gains ill-gotten?"

More had to lose than win. The result is otherwise impossible.

"all insiders should be prohibited from selling their shares whenever they are overvalued because that overvaluation must mean investors have been mislead. Who decides when they are overvalued if not buyers in the market?"

I believe the company first has be turning a real profit prior to insiders being able to sell. Using real numbers as well.