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Maxcom Telecomunicaciones SAB d Message Board

  • investorgold2002 investorgold2002 Sep 27, 2003 10:15 PM Flag

    Mkt_caster - HLSH Indictment

    Mkt_caster - what's your take on hlsh being criminal charged in light of friday's statement from Alice martin ?

    what's the consequence of criminal charge IYO ?

    i posted a lot of messages today in case you are interested to read/comment on this.

    Any thoughts ?

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    • Amanda - You're in med school? I've got some swelling I'd like you to look at.

    • today's compliance program head quitting is one last-ditch attempt from the company to save it from criminal charges.

      i am trying to make an unemotional decision by considering all view points. you have become so emotional and wedded to this stock that you just can't think rationally. this kind of thing happens when you make a lot of money in one stock

    • If you think Fidelity sells out its entire position for pennies, spends maybe $100M to rebuy it, and then doesn't care about making an informed decision in doing so, I want some of what you are drinking.

      I personally don't rely on Fidelity, nor have I as little invested in HLSH as you. I came to my own conclusion sparately. But you won't take my word for it, or Fidelity's, or the rather clear guidelines available to you. Thus, I strongly suggest you sell.

      What I find odd is that you believe indictment is coming, yet you have not done the logical thing of having sold it all right now, today.

      Why have you not sold?

    • "But as always you are free to hold your opinion no matter how misguided it is, in fearing for this boogieman. Perhaps you should warn Fidelity with its recent 50M share purchase. Perhaps they overlooked it."
      ---------------------------------------
      Fidelity fund has probably put 0.1% of their assets in this fund. I am more than 10% of my assets invested in this. That's why people like you and me should think more seriously about this and not end up like losers.

    • The Anderson thing was wrong. There were thousands of partners in that firm that lost everything b/c two partners signed two bad audits. Granted Enron and Worldcom investors lost a lot too, but I just really feel for them. I guess the reason is the lost their investment, their job, and a lot of there ability to get a job---Anderson doesnt have a good name in the Accounting profession.

      SWUSC

    • Mkt-caster answered this. This isn't "any amount of fraud", this is a few individuals out of 50,000.

      And you failed to answer the cooperation aspect.

      Sorry you either missed out on HLSH or are now justifying a sale of shares at a low price, but this isn't a rock to worry about.

      -----------
      But as always you are free to hold your opinion no matter how misguided it is, in fearing for this boogieman. Perhaps you should warn Fidelity with its recent 50M share purchase. Perhaps they overlooked it.

    • And then answer this riddle: If the government wants corporate cooperation in scandals, makes it part of its guidelines, and gets it fully aka HLSH, how can it prosecute HLSH and ever expect cooperation from another company in the future?


      For starters, you answer this riddle.
      if the company just cooperates after any amount of fraud, they can escape prosecution ?
      What is the message that you are sending to other fraudulent companies ? Continue with fraud until it gets noticed. Once it gets noticed start cooperating. Dah.

    • I have not read much of the HRC board, but from what I've seen I basically agree with the thoughts of Corstrat, jrm, and the other regulars over there. # 15 doesn't change anything and there is still only a very small chance of criminal charge for the company (1% maybe). I'm not even going to comment on the consequences because it's so unlikely to happen at this point.