To: steve olivier who wrote (5210 ) 9/30/1998 4:36:00 PM From: port_mgr Read Replies (1) | Respond to of 21143
Steve, First, the sec would have no problem with annual reports being given out by companies to investors who ask in person or who ask for fedex copies asap. That merely shows initiative and desire. It is not as if the investor snuck into the printers and read the proofs, etc. Most of the annual reports I get are several weeks old, but I read the 10Ks as soon as I relaize they are online. I even get them faster on Bloomberg than I do on edgar, so I guess Michael Bloomberg is in trouble with the sec now because his electronic connection moves faster than theirs? And he's clearly doing it to please people like me who pay him a mere $20,000 annually for the service. You and I both are making an assumption that may not be valid: ie, that twx is the company. We are also assuming that this is significant, but the number of servers and amount of the sale may make it less so. The lawyers for the company did read this letter, and I'm certain it is covered by the "forward looking statement" mumbojumbo. The important stuff is in the 10K and is available on edgar instantly to all. The rules governing annual reports can't be the same, since all companies deliver them the same roundabout way. I didn't say that retail investors are not entitled to the same information, just that they need to have some way of accessing it. The person who got me a copy of the page with the letter got the annual legitimately. He knew it would be coming out and asked for it in a way that would get it to him fast. I meant to indicate that any investor could have made the same request. You suggest that we should not believe goodboy, yet you and I think it's twx. How ironic. And if I sounded defensive, it's because your attack was so emotional, and so unexpected given the good news, that I was momentarily stunned. You are the very one who suggested here that we only post valid, certifiable information. I do that, for all to read, and you go beserk. Yet you and I still don't know whether the buying yesterday was related to this annual, something someone learned, a new buyer seeing seac getting pushed, a corporate partner deciding to lever its bet on ccur in a way similar to sfa's, someone else putting two and two together, or what. For what its worth, I bought no stock for anyone yesterday, but did today. Several days ago I sold some that had to go for housekeeping reasons. Perhaps I should renege on the trade since the stock went up the very next day? I guess I should assume that sold yesterday? Why so angry otherwise?