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.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: cool who wrote (8512)	4/19/1998 12:48:00 PM
From: Harry_Behemoth	Read Replies (2) \| Respond to of 34592

Regarding CEO's posting, the CEO of ITKG posts periodically in a very professional, informative manner. Here's his view on the subject: Message 3860874

To: cool who wrote (8512)	4/19/1998 1:30:00 PM
From: jerryf	Read Replies (1) \| Respond to of 34592

businesswire.com RE; IPO with out the Market Makers

To: cool who wrote (8512)	4/19/1998 9:38:00 PM
From: Emec	Read Replies (3) \| Respond to of 34592

John, No law book in particular. I am a tax and corporate attorney and work for a fortune 500 corporation. If the only thing the CEO says on the threads is something that has already been said in a press release of in SEC documents, that is one thing. Anything else is wrong. No respectable public company's CEO would post on the internet. My company's CEO would laught if I were to suggest he post on SI.

To: cool who wrote (8512)	4/20/1998 10:29:00 AM
From: Charles T. Russell	Respond to of 34592

The question is not really whether it's against the law. It isn't after all. CEOs have been advertising their companies wares for a long time. Remember Victor Kiam and Lee Iacoca. There are very specific boundaries insiders must not cross, and that is in the law books. There is a very fine line that a CEO walks when he publishes information in an unscripted fashion like this. After all, the potential to misspeak, misinform and consequently find yourself in a litigious situation is higher when publishing in a "recorded forum", or speaking off the cuff in a recorded chat room. I've known several CEO's who have been advised by their legal departments, not to discuss company matters publicly on the internet. The risk is not porportional to the return. Imagine owning a stock where the the firm is being sued by other disgruntled shareholders who misinterpreted some anecdotal comment made by the CEO. Or imagine owning a stock where the CEO is pumping really hard; just like others on this thread that we know and love (or distrust and hate). While it is admirable that a CEO publicly supports his firm (after all it is in his/her own best interest), it shows poor judgement. IMHO, Chuck