Not Recommended: Trying To Boost A Company's Stock By Bombing Investment Banks
from the this-stock-is-ready-to-explode! dept
Investors do all sorts of odd things in trying to get the stocks they like to go up, rather than down. However, there’s a limit — and apparently one guy went way past that limit in trying to boost the stock of networking firm 3com. He sent bomb threats to 17 different investment firms, demanding that they boost the stock. Apparently, he actually did send two bombs, though it doesn’t sound like they exploded. Either way, if you suddenly feel that you need to send bombs (or even just threats) to investment banks to make your investments rise, perhaps you should consider different investment opportunities.
Filed Under: fraud, investors, stock, threats
Comments on “Not Recommended: Trying To Boost A Company's Stock By Bombing Investment Banks”
Probably done by a hedge fund guy. Those guys will do anything.
Trying To Boost A Company's Stock
If this is not too dumb, it would be too laughable. That guy must be a first class lunatic
What an idiot.
sounds pretty desperate
I’m guessing this guy’s Plan A was to sue the makers of the film “I, Robot” for hundreds of millions over the US Robotics trademark, but then he found out that 3Com spun it off to a private capital firm.