Re: Does "bashing" work? Apparently
in response to
by
posted on
Aug 10, 2010 10:47AM
One: B. Madoff with the money. As I recall the SEC did not get on his tail until money from lots of rich people's money disappeared. Two: IMO the board has helped to creat an atmosphere of distrust so wanting to see all the books and info does not seem out of line to me. Will it happen? I bet it doesn't. Do I care? I believe in full disclosure when it wont put the company at risk. The rub is who is to decide, the board, the shareholders, the SEC? And finally three: who knows what is going on with the SEC and PTSC? Do you really think that with over 16,000 shareholders that someone has not made a comment to the SEC? The odds are that something has been said to them about something. I would think that it happens to most companies. And then again we are back to B. Maddoff. The SEC didn't do anything about his situation for years.
I believe it is up to the board to tell as much as they can and as much as we want to know. It is up to the board to show us by their deeds and increasing the shareprice if they want us off their backs and they want to keep their seats.