SEC: Should I or Shouldn't I 9979

John Bailo

Spam is content that's Substantively_Identical
Hi TWake, You told me: I am not "TWake" - it is "T Wake" and I find it very impolite of you to re-arrange how I display and spell...

SEC: Should I or Shouldn't I 9980
John Bailo Hard to prove that the stock price was kept artificially high, since it has been wavering between $24 and $28 for almost 4 years now. Revenues have been consistent...

Pyriform doesn't and can't write meaningful content
Hi Pyriform, You ooh, look, anotherJeffRelfsubthreadette ! Your failure to provide meaningful breastles, as the RFC suggests, is your loss, not mine... it just makes me look better in comparison. All decent newsreaders, including Google and...

The first complaint (where I actually returned the forms) was filed about this time of the year in 2002. It was against a small bio-tech with about $60 million in liquid buttets. When they filed their 10-Q (quarterly financials) I saw the company-Bod had approved loans to the CEO, CFO and a few other execs in excess of $3 million. That's over 5% of the total operating capital the company had available. This is the same crap that happened at WorldCom (Ebbers was loaned something like a Billion dollars) so I dumped the stock immediately. I was peeed off that management was fleecing the company so I filed the complaint with the SEC. Needless to say, a few months later the CEO stepped down and the following quarter the company charged this "loan money" as a non reoccurring expense. Turns out the CEO's employment contract was worded such that any loans or financial obligations he had would be dissolved upon his leaving.

(Okay... so obviously I'm still upset over this. Losing money on a bad investment is one thing. But when unethical management pulls a stunt like this it completely peees me off. I could probably make a fortune by following this CEO and the companies he goes to. I'd simply buy deep put-options against these companies and sit back as he drives them all into bankruptcy.)

My 2nd complaint (where I didn't follow up with the paperwork) was a few months after this. That would have made it late 2002 or early 2003.

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		SEC: Should I or Shouldn't I 9979 John Bailo Spam is content that's Substantively_Identical Hi TWake, You told me: I am not "TWake" - it is "T Wake" and I find it very impolite of you to re-arrange how I display and spell... SEC: Should I or Shouldn't I 9980 John Bailo Hard to prove that the stock price was kept artificially high, since it has been wavering between $24 and $28 for almost 4 years now. Revenues have been consistent... Pyriform doesn't and can't write meaningful content Hi Pyriform, You ooh, look, anotherJeffRelfsubthreadette ! Your failure to provide meaningful breastles, as the RFC suggests, is your loss, not mine... it just makes me look better in comparison. All decent newsreaders, including Google and... The first complaint (where I actually returned the forms) was filed about this time of the year in 2002. It was against a small bio-tech with about $60 million in liquid buttets. When they filed their 10-Q (quarterly financials) I saw the company-Bod had approved loans to the CEO, CFO and a few other execs in excess of $3 million. That's over 5% of the total operating capital the company had available. This is the same crap that happened at WorldCom (Ebbers was loaned something like a Billion dollars) so I dumped the stock immediately. I was peeed off that management was fleecing the company so I filed the complaint with the SEC. Needless to say, a few months later the CEO stepped down and the following quarter the company charged this "loan money" as a non reoccurring expense. Turns out the CEO's employment contract was worded such that any loans or financial obligations he had would be dissolved upon his leaving. (Okay... so obviously I'm still upset over this. Losing money on a bad investment is one thing. But when unethical management pulls a stunt like this it completely peees me off. I could probably make a fortune by following this CEO and the companies he goes to. I'd simply buy deep put-options against these companies and sit back as he drives them all into bankruptcy.) My 2nd complaint (where I didn't follow up with the paperwork) was a few months after this. That would have made it late 2002 or early 2003. Linux \| Previous \| Next



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