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Old 11th September, 2004, 08:35 AM
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Staz Staz is offline
Join Date: June 2002
Location: Lafayette LA
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OK the aritcal says that they didn't infor thier stock holders soon enough and they sold and made millions.

That could be done in 2 ways.
The first is that there was an audit and it was found that they were losing money or not going to make as much money as thought and they kept this info secret until they had sold all thier stock. That would be criminal.

Second, there could have been a schedualed shareholerd disclosure which was preceded with an audit. This audit showed that they were losing money. Management was shown that they were losing money then tried to dump thier stock immeadiately instead of waiting until it was public knowledge. That is human nature.

To bad for those involved both situations carry the same penalty, just ask Marta Stewaurt.
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