Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Casavant Mining Kimberlite International (CMKM) -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (2240)	6/23/2006 11:40:06 AM
From: rrufff	Read Replies (1) \| Respond to of 2595

You do come up with very interesting cases. That one is a great read. It shows the extent of scamming that takes place in the industry. It has all the players acting scammy, from the company, the Naked Shorts (not necessarily "illegal" but "manipulative" shorting per court recitation of the facts), and a plaintiff who had less than "clean hands." I wouldn't put a lot of precedential value in the case because of the fact pattern involving the plaintiff. You had a plaintiff who bought some shares before the manipulative activities and then bought more shares after learning of the manipulative activities. Interesting to show the extent of the scam, but not necessarily useful as guidance as to liability or damage computation. Thanks.