This is just one guy who has beat on Linn picking a few line from the SEC total statement trying to make himself look good. Major players as of June 30th still hold Linn, including much smarter people than the seeking writer. Don't get me wrong, I love Seeking just not this article.
It hasn't changed the facts or fundamentals because the author didn't deal with facts or reality.
The movement in the stock price is the usual lemmings who pursue the buy-high-then-panic-and-sell approach to investing. The volume remains unremarkable.
There's no question that the author's motives were to lower the price. The SEC would be more useful if they looked into people like him who use scare tactics to move prices, but we know if they can ignore Bernie Madoff for years, they're not likely to do anything about penny-ante characters like him.
Still nothing has really changed and his drama queen hissy fit underlines that he is all sound and fury, signifying nada.
that "writer" is a joke. LINE seemed very clearly to indicate they will use the exact same method determine the distribution, the changes they will make are ALL semantics. They found NOTHING wrong with their accounting and there will be no restatements (IMO) as these are not the GAAP financials that the semantic changes will be made to - I can't fathom who reads SA or Motley fool and finds them any more informed than this message board
Not really odd. Sucking Alpha obviously has no standards and makes no attempt to screen submissions sent in by high school drop outs, pump & dumpers, the mentally challenged or agenda-promoting shills. There are some worthwhile articles written by fair & balanced authors, all of whom give SA a veneer of respectability, but they don't undo the damage done by the unscrupulous or unintelligent.