Lots of good things are coming to an end:
1. This Wednesday marks the end of the special 10% pre-order sale on my brand new ShortStocking, PennyStocking Part Deux & TIMraw instructional trading DVDs (learn how to be up 180% in the last 12 months like me–yup, another 3% on today’s TIMalert…so far)…after Wednesday at high noon, these DVDs and their corresponding combos will be more expensive, with PennyStocking Part Deux jumping all the way from $267 to $397 because it turned out sooooo well and it’s a bit longer than originally expected.
2. A source tells me Trader Monthly fired half their staff, some of whom in a very underhanded way…not surpising coming from Randy “Our readers earn $400,000/year and spend all of it aka exactly what’s wrong with Wall Street” Lane
3. 1440 nails Cuban getting nailed by Big Incompetent Brother SEC (BIB SEC)…some good passages like:
While the circumstances are different, investors involved with PIPE deals know the rules of the road. The company, which has since been renamed Copernic, Inc (CNIC-NASDAQ), has long had some shady characters involved, and Cuban has no one to blame but himself, given he did not wait for the offering to conclude before selling his shares.
You can read the blow by blow below for the SEC complaint, but Cuban has a major headache on his hands, and can probably kiss his dreams of buying the Chicago Cubs goodbye. I doubt Mark goes to jail, but he had better get out his checkbook.
It is time to pay the Piper. Cuban has many defenders out there, but this case seems pretty straightforward. Although it saved him $750k, it will prove to be the worst trade he has ever made.
Lots of offshore homes have been built/coke has been blown with PIPE-made money, those times are now over. It’s kinda sad/funny that one-time-Cuban’s gonna take a fall when it’s really the degenerates at firms like Laurus and Whalehaven who should be gettign ready to get scared to drop the soap.
Tags: Breakdowns, idiots, Manipulation
