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.

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

To: Kevin Podsiadlik who wrote (105313)	11/19/2008 1:44:11 PM
From: anniebonny	1 Recommendation Respond to of 122087

opps - sorry I just edited my other post - added this: Perhaps we should check the original complaint?? One article said it was in the complaint: According to the complaint, the Mamma.com CEO emailed Mr. Cuban asking him to call him as soon as possible. Mr. Cuban called four minutes later from the stadium where the Mavericks play, and they spoke for eight minutes and thirty-five seconds. The CEO began the call by telling Mr. Cuban that he would have to keep the information he shared with him confidential, according to the SEC, and began to discuss the PIPE offering. Mr. Cuban became upset during the call, said he didn’t like PIPEs because they dilute shareholders and said, “Well, now I’m screwed. I can’t sell,” according to the SEC complaint. The CEO then relayed the information to the then-executive chairman of the company, who sent an email to the board members recounting the conversation. “As anticipated he initially ‘flew off the handle’ and said he would sell his shares (recognizing that he was not able to do anything until we announce the equity) but then asked to see the terms and conditions,” the email said, according to the SEC complaint. hitspot.com

To: Kevin Podsiadlik who wrote (105313)	11/19/2008 1:47:37 PM
From: anniebonny	1 Recommendation Respond to of 122087

It is in the SEC complaint: "14. The CEO prefaced the call by informing Cuban that he had confidential information to convey to him, and Cuban agreed that he would keep whatever information the CEO intended to share with him confidential. The CEO, in reliance on Cuban's agreement to keep the information confidential, proceeded to tell Cuban about the PIPE offering. Cuban became very upset and angry during the conversation, and said, among other things, that he did not like PIPES because they dilute the existing shareholders. At the end of the call, Cuban told the CEO "Well, now I'm screwed. I can't sell."" page 4