Okay, this has got to be the single most pathetic excuse for a press release I have ever seen:
Eagle Broadband Announces that California Court has Ordered Lawsuit to Proceed Against Internet Posters
Eagle Broadband Believes Internet Posters are Engaged in Manipulative Trading Activities and Stock Manipulation Schemes
http://biz.yahoo.com/bw/060314/20060314006049.html?.v=1
Let’s get real here. The reason for this…
http://finance.yahoo.com/q/bc?s=EAG&t=2y&l=on&z=m&q=l&c=
Is this…
http://finance.yahoo.com/q/pr?s=EAG (the key executives)
And this…
Authorized:
350,000,000
Reported by Knobias
Issued and Outstanding:
303,086,275
Reported by Knobias
To blame a few posters on Yahoo is pointless. Look at the last three months:
http://finance.yahoo.com/q/bc?s=EAG&t=3m&l=on&z=m&q=l&c=
That is a very tight trading range. How is it being manipulated? The real truth is that the company just cannot let people post in freedom.
I remember another message board about 18 months ago that had subpoenas filed for Yahoo ID’s. The ceo – whom I knew – ended up with my name. What did I post? Nothing but the truth, and nothing terribly uncomplimentary of the company. They were doing a typical shotgun blast at as many of the Yahoo ID’s as they could get info on.
The reason that CEO did it is the reason I suspect this company is doing it: Just to scare off the little guy who posts. The few that really hate the company nobody takes seriously anyway.
The company is using two or three individuals to scare off all negative comments. The problems are not in a message board. They are internal. Look there for why your stock is trading under ten cents.
AMEX: Get some standards. You are making the Pink Sheets look like the NYSE!
