RE: Black Eye For TSX Regulators
You state :
"This kind of debacle cast's a major cloud on the TSX and it's inept regulators. This makes the TSX look like a 3 ring circus for all investors who participate. Fraud, perhaps not. Obviously PSN management has made a killing here. Now the retail guy gets the shaft. This stock should be halted and not resume until a full investigation takes place."
I fail to understand how you can say this, it was investors that pushed the price up based on the assumption that a company with $60 million in fixed assets could somehow generate enough revenue to pay a dividend of $7 million per MONTH, indefinitely without problems such as competition etc. Really, who falls for such foolishness, assets of $60 million generating profits after tax to pay out $7 million per month. The problem is not with the TSX or the regulators, the problem is with investors who do not read financial statements, consider market conditions and turn a blind eye to warnings being issued by others. In other word blind GREED is the real issue, not that greed is necessarily bad, but blind greed can get you slaughtered.