re: how rick might be able to buy...PC
posted on
Mar 17, 2008 02:46PM
Cleanser,
I don't want to get too deep into a discussion of Rick's stock purchase considering all the posts already made on the subject. In a nut shell the case you present argues that profits were made selling stock based on inside information. Rick hasn’t sold/profited from his stock purchase. He also states that he was not privy to insider information and didn't know that a blackout was in effect prior to his purchase. The only way the SEC could prosecute is to have proof otherwise. Who would be willing to testify under oath contrary to his statements about the purchase? With all this in mind even if the SEC received a complaint and an investigation took place it would only be a gesture of duty on the SECs’ part, in my mind. Again, who would have the motive to testify in a case against him. It seems shareholders would (have applauded) applaud his purchase.
He just didn’t purchase enough, I might testify to that. LOL
BTW-Speaking for myself only, I can't dismiss Lamberts post. I just think he needs to raise his numbers in recognition of all the positive press from PTSC since DEC 07.
GLTY
Bluewing