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  1. #11
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    Jan 2012
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    Quote Originally Posted by lpenergy View Post
    This is going to be interesting to watch on Monday. They opted to not include any mention of the results in their annual report. I am hoping that their lawyers stepped in and told them to issue the statement to be on the safeside. The only problem is why didn't the lawyers step in and do this earlier if they felt like certain publications were overly optimistic.

    The NBT piece said they expected the stock to be $5.25 in early May. Well, maybe with the results they have in hand, there is no way the stock price is going to get there.
    The timing is way too good to just be lawyers being precautionary. Results are widely believed to be released Monday. For the last 2 weeks they promote the crap out of their stock for $338,000. Since then, the share price has risen almost $1. Now, afterhours on the Friday before the Monday they are presumed to release the results, after the price has been inflated, they now decide to cover their ass with some legal lingo. The damage has been done, hundreds, maybe thousands, of retail investors have been sucked in. Now they are going to drop the bomb on Monday, and be completely free of wrongdoing because they have "retracted" the statements.

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