To: Angel D who wrote (42384 ) 2/23/1998 9:47:00 PM From: Hawkmoon Read Replies (3) | Respond to of 55532
Angel, My "newsletter" was actually called the GRNO Gossip Forum and was available to anyone who requested to receive it and participate in discussions. My intention was to create a forum in which the company's shareholders could communicate and exchange ideas as well as hear my perspective on what I was researching. I treated it like a newsletter as I felt that I was acting as a "shareholder reporter", which I felt meant that anything the company provided to me was basically public information ala 1st amendment and freedom of the press. It was a supplement to what was being discussed on AOL and SI, not a substitute and covert means of communications between shareholders like Riley has turned his into . It also was not a means of exchanging information that was not available to any other person willing to contact the company. The true problem was that GRNO's CEO had the unfortunate belief that shareholder's were entitled to be able to call company management and receive an idea of what the hell is going with their company and investment. We were an activist bunch (still are in most regards related to our support of the company). However, the aftermath of that investigation is that the company is less open with information, its shareholders more ignorant of what they have their money invested in, and the newswires have locked in their position as the only source of official information. So now we activist investors who like to do our own diligence now stand informationally "neutered" and dependent on the company to tell us as much as its now respectable and credible legal counsel feel is worthy of our knowledge. That is why I get such a kick out of the obvious assertions by the Yeas that they know when the stock will begin trading again, or when the money will arrive.... Keep good records, Riley, my boy.... Keep good records. What you are doing is covert and priviledged information which you are only sharing amongst fellow shareholders. It is not, thus, public information and anything provided by the company to Riley for disemination is equivalent to insider information and may one day cause each recipient to receive certified letters from authorities one of these days. Do you doubt me?? Not wise to do so. Regards, Ron