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.

Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (10830)	11/8/2009 1:44:08 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 12465

Be it a questionable American or Canadian company, there still seems to be a void between a grassroots Internet campaign and a full-blown lawsuit. While media attention is one good solution to springboard from one to the other, their ranks are decimated by the decline in ad revenue; controversy or legal issues that might cost time and money, regardless of whether the truth is on their side, is avoided at all costs these days. Shortsellers were pretty good about outing crappy public companies, but the recent changes in securities law has put the kibosh on most of that given the increased risk vs. reward. My perceived solution to all this would be to establish an organization that formalizes what many people do here on message boards voluntarily but in a very limited capacity. This would be a group of people you could turn to immediately for help. Within a week, you'd know if there was fire behind the smoke. If there was a reasonable chance of success, most things could be done on contingency so the cost to shareholders would be minimal. I don't anticipate said group needing to short companies as compensation, but it that happened, it would be disclosed. Is this something shareholders would band together and pay for? - Jeff