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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: StockDung who wrote (92208)8/18/2005 8:40:27 AM
From: rrufff  Read Replies (2) | Respond to of 122087
 
You and I are usually on pretty much the same page with respect to corporate scams. Hedge fund scammers are merely a subset, one that now is threatening to subsume our markets.

Whether or not hedge funds naked short through complicated series of overseas arbitrage, internal desking through brokers (or perhaps those who could more appropriately be called bookies), or just plain crooked deals with MM's is an open debate, with supporters denying it, realists saying, "let's investigate."

The good thing is that this debate is alive and thriving. Irrespective of what one thinks of Byrne as a CEO or otherwise, I for one am very glad that he is willing to put his neck on the line. He personally is responsible for putting this issue on the table as no other could be. A "Bob O'Brien" attracts only those who are willing to look into esoterica and not the news people who cater to the investing public. The long-winded NCANS articles are so complicated as to turn off most casual readers. Emphasis on companies with bad financial fundamentals and massive dilution because of personal interest hurts their cause to some extent IMO. Byrne has created an interest in the public for this issue as shown by the Insana interview.

I suspect he will be "scrutinized" by hedgie defenders and that his company will suffer as a result unless he is so lily white and clean to be above human failings, etc.