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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (4689)	4/23/2005 9:36:40 AM
From: 1king	Read Replies (1) \| Respond to of 37816

If you (collectively) still blame those two not only are you (collectively) mistaken you (collectively) are ripe for the picking yet again. There are cooks and morons in every aspect of society it is a fact and fundamental component. It is why we establish checks and balances for policing and public protection ... in this particular case, analysts, brokers and securities people have a responsibility for the dissemination of “technical information” to the public and the protection of the investor from the crooks and morons (accepted as a fundamental component of the investment world). A layman is not (?) to be expected to understand a mining press release (fraud or fact) so we have mining analysts …. The real fraud was perpetrated by brokers, analysts and securities people. It is their responsibility literally and figuratively to protect people. In the beginning they were negligent but in the end they were outright crooks. Samples were analysed earlier on and came back blank and during the final hours brokers were still pumping the stock. What is most alarming is that NOTHING has changed. The new securities regulations are so bogus and misguided that we are now worse off because of a false sense of security. Somehow with a bullshit 43-101 compatible document by a PGeo investors think they can turn their brain off and invest securely and the responsibility shifts from the real culprits (brokers, analysts and securities people) to a misguided set of rules. 43-101 is a set of format guidelines!!! I see it regularly here on SI and in 2-3 press releases daily. A crooked or moronic PGeo is no different from any other crook or moron … and I guarantee there are as many of the former as there are the latter. The exchanges still allow “gold equivalent” to be promoted in addition to non-producers quoting metal prices and dozens of other examples of blatant misinformation. In any given day you can find several different gold equivalent PR’s with different conversion factors without any regard to ore condition or extraction methods. I have talked to the exchange about this and they absolutely admit culpability … “we do not have the staff or the technical expertise to evaluate all the press release information on a daily basis”. Even though they do evaluate every PR contrary to the disclaimer. It pisses me off because it does a disservice to my livelihood … Anyway, I digress … Back to politics … The NDP also piss me off for the same reason …