In a world where one can be charged with hate crimes for looking at someone the wrong way, how can this stuff be allowed to happen, andvery frequently?

http://business.financialpost.com/2013/02/14/poseidon-concepts-dives-to-27%C2%A2-from-16-03-in-less-than-five-months/?utm_source=dlvr.it&utm_medium=twitter

Poseidon Concepts dives to 27¢ from $16.03 in less than five months

It’s worth noting that the former chief executive remains with the company as chief financial officer.

From an outsider’s perspective, this situation would seem to be an ideal opportunity for a regulator to step in, do a thorough investigation, get the results – and act accordingly. Don’t bet on that happening.

Calls to analysts who cover Poseidon weren’t that productive. Either the individuals didn’t return calls, or were told by their compliance departments that they couldn’t talk or chose not to comment – though one added it was “shocking” that they had to restate. Less than six months back, some of them gave targets that were as high as $25.