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by draugadrotten 4156 days ago
> he couldn't correct the record unless he simultaneously updated all his institutional investors at the same time.

Hmm, conference calls, twitter, e-mail, web pages. And so on.

Is it really that difficult to issue an update which satisfies this legal requirement.

1 comments

Ben is not a dumb guy. I may be dulling out some of the details, but Im sure it was not that simple. Especially since it was about 7 years before the advent of twitter and involved SEC regulatory compliance.