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408- Investing is Life
InvestED: The Rule #1 Investing Podcast
Are You Scamming Investors?
The letter is not required and has no regulatory oversight or bearing except that they probably shouldn't lie about their company. So, yeah, I'm very angry. You know it's like you get the big scams like Enron, but you've got the little ones like Chris Mets and Michael Callahan. When you don't disclose to the owners of the business the issues that you're facing, you're running a little bit of a scam. And even though maybe that information about bad sales or supply chain problems are in the annual report as they are regularly required to be.
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