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BlackBerry Limited Message Board

  • jagsfantoo jagsfantoo Mar 30, 2013 11:10 PM Flag

    Collusion, conspiracy and corruption by NYC hedge funds

    Various posters on this MB have tried to deny there is such things at work in driving do9wn the share price of Blackberry at a time they are introducing a very successful product and there are 150 million shares sold short.
    In today Business ection of the Globe & Mail there is an article out of NYC by Joanna Slater detailing the arrest & charges against Michael Steinberg, the 3rd executive of a major hedge fund SAC Capital, for insider trading.
    The firm has already agreed to a $600 million settlement to charges brought by the SEC but didn't admit to any 'wrongdoing' by accepting that fine. A settlement yet to be approved by a federal judge in NY who is wondering why anyone would agree to such a fine if they did not commit 'wrongdoing'.

    You can read the full meal deal by Googling ' Globe & Mail, business, sac capital, joanna slater'.

    If anyone continues to post that there is no conspiracy at work by hedge funds in keeping down the shares price of BB, after reading that article, they are naive fools of the first degree.
    The large hedge funds are a breed who think they are entitled to benefit financially without risking their own money and will do so beyond the bounds of all ethics or morals known to others.

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