Re: Karen
posted on
Jul 16, 2012 12:13PM
Stock manipulation, OCR talk and Sinclair should be a set of priorities that can be done thru private channels. If you feel manipulated you can build a case and raise exposure but not sure it has to be attached to the day to day activities of what dave is doing to raise shareholder value. Sure as a shareholder I am frustrated by events and how they have unfolded, but I'm confident that we have a strong shareholder base and patience can be rewarded by someone like Dave making beneficial moves to get our share price up.
Good debate. Strong thoughts on both sides. Here is Jim Sinclair's view from his message today entitled "CEO's Responsible For Standing Up Against Manipulation":
My Dear Extended Family,
The justice department has been quoted by MSM concerning their desire for jail sentences for those that are directly involved in Libor Manipulation.
Barclays has said there are 17 in the US banks.
This is a major change, and would mean a great deal to the unquestioned manipulation of the gold/gold shares and silver/silver shares market.
The CEOs of those gold and silver companies suffering from unabashed manipulation could very well have new legal precedent to recover lost capital value for their shareholders.
It is the responsibility of every gold and silver share company CEO to seek justice for their shareholders. It will take courage but that is what they are paid for.
DOJ prepares criminal cases in Libor scandal.
The Justice Department is building criminal cases against several banks and their employees, including Barclays (BCS), for their role in manipulating Libor rates, the NYT reports. Bloomberg writes that Barclays traders involved in the scandal could be hit with U.S. charges by September. Meanwhile, New York and Connecticut have been conducting their own inquiry for six months.
Respectfully,
Jim