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Magnum Hunter Resources Corp. Message Board

  • bjfcpainc bjfcpainc Apr 20, 2013 9:52 PM Flag

    Cramer should be investigated for circumstances allowing 2 CEO appearances

    Jim Cramer as a media person should know better than to give the CEO of any company two separate chances to (IMO) mislead investors regarding material facts. MHR's CEO in the second appearance to explain the late SEC filing was more or less matter of fact about a matter that is ABSOLUTELY material.

    As far as I am concerned Cramer's Mad Money show needs to dial back on CEO appearances with these smaller companies that are run too loose goose with CEOs that are clearly not ready for prime time in terms of the requirement to fully disclose the nature of the late SEC filing rather than treating it as if it were an incidental event. THIS IS NOT INCIDENTAL. THIS IS MATERIAL!!!

    The investors that dumped MHR made one mistake which was failing to dump their shares the moment the late SEC filing was announced. Cramer himself normally takes the view that such incidents should be a sign of trouble and to dump your shares immediately. Why Cramer gave this CEO a second bite at the appearance on his show apple is beyond me and should be investigated by the SEC.

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