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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: wooden ships who wrote (2868)	1/18/1998 1:16:00 AM
From: wooden ships	Read Replies (1) \| Respond to of 42834

Not to thrash an otherwise dead horse, but the 16 Jan 1998 WSJ carried an item of some possible interest to some of the folks here. To wit, a class action lawsuit has been filed in federal court in Minneapolis on behalf of shareholders of RainForest Cafe for losses incurred between 5 August 1997 and 6 January 1998. On that latter date, RAIN announced that 1997's fourth quarter would fall shy of expectations. The suit further alleges that "certain insiders sold RainForest Cafe shares at artificially inflated prices." I have, in prior posts, cited the curious appearance on CNBC-TV of a hyperbolic RainForest Cafe CEO a week or two before the fallout in fourth quarter earnings and subsequent RAIN share implosion. I have also raised some concerns about the peculiar RAIN dance and diatribe undertaken by the Motley Fools entrusted, as guest hosts on 28/29 December 1997, with the well respected radio vehicle, "Bob Brinker's MoneyTalk." On 28 December 1997, as noted in posts prior, MoneyTalk listeners were subjected to an unbridled and hyperventilative pitch, lasting five to ten minutes, during the course of which said Fools proffered the consummate glories and rewards of RAIN share ownership. In light of the aforementioned shareholder lawsuit, it would not seem altogether inappropriate if the plaintiffs in this case saw fit to carefully investigate these two cited incidents. Neither would it seem altogether inappropriate for the Motley Fools to take time from their well-advertised, multi-city, promotional book tour to offer the devoted listeners of Bob Brinker's show a public apology, especially, to those hapless souls who purchased RAIN shares the week following their unrelenting hype of that stock- only to see about 40% of that investment evaporate in short order.