Re: Look & Motorola launch Mobile (4G) broadband in Milton, Ontario
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Message: Look & Motorola launch Mobile (4G) broadband in Milton, Ontario
This is exactly my point about financing and worst of all is the finders fee ...lol...
http://www.reuters.com/article/blogB...
Mark Cuban Charged With Insider Trading Mamma.com 
POSTED: Monday, November 17, 2008
The following blog post is from an independent writer and is not connected with Reuters News. The opinions and views expressed herein are those of the author and are not endorsed by Reuters.com.
Mark Cuban has always said he hates to lose and that passion for "not losing" has him in hot water with the SEC. The WSJ is reporting that Cuban sold his 6% stake in Mamma.com (now Copernic ticker CNIC) just one day ahead of a tip in 2004 that the company was prepared to dilute the shares through a private investment. The stock dropped 10%, saving Cuban 750K in losses.
Cuban discussed his purchase of Mamma.com a bit in a blog post at Blog Maverick in March of 2004.
More details emerging…
The SEC alleges that in June of 2004 Mamma.com invited Cuban to participate in the stock offering after he agreed to keep the info confidential, but Cuban knew the offering would be dilutive so within hours instructed his broker to sell his entire position.
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