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- Thread starter Fungo Squiggly
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OSUBucks22
No touching!
Zurp;881474; said:
They already blocked him from a bid on the Pirates last year...
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If he wants it bad enough, I wouldn't bet against him! I really don't want to see the Chicago $ankees though....
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OSUBucks22
No touching!
coastalbuck;883145; said:
As evidenced though, spending lots of money on big-time players doesn't always guarantee championships...
Hopefully if he does win the bidding (which I hope he does) he surrounds himself with good baseball minds to tell him what to do...
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ESPN ticker says that Mark Cuban has been charged with insider trading by the Securities and Exchange Commission, per the Wall Street Journal.
S-E-C!
S-E-C!
S-E-C!
That gives the baseball owners justification for not letting him buy the Cubs.
S-E-C!
S-E-C!
S-E-C!
That gives the baseball owners justification for not letting him buy the Cubs.
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So this is all new to me, but how I read it so far is...
Cuban hears, as a minority share owner, that this company is making a decision that is going to cost him money, so he sells before he takes the loss. I would probably do the same thing, if I own shares and know they are going to make a decision that is going to cost me money, I am going to sell. Unless he was part of the decision making process to use PIPE financing, then I understand why its a big issue. Do we know if he was part of the process, or does that even matter to the sec (can't capitalize as it would disrespectful to the mighty SEC football conference).
Am I being naive or missing the big picture here?
Cuban hears, as a minority share owner, that this company is making a decision that is going to cost him money, so he sells before he takes the loss. I would probably do the same thing, if I own shares and know they are going to make a decision that is going to cost me money, I am going to sell. Unless he was part of the decision making process to use PIPE financing, then I understand why its a big issue. Do we know if he was part of the process, or does that even matter to the sec (can't capitalize as it would disrespectful to the mighty SEC football conference).
Am I being naive or missing the big picture here?
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LitlBuck
Kevin Warren is an ass
I am not positive but I think here is part of your answer. He is a part owner and he knows that the company is going to make a bad decision and so he sells his stocks. The general public does not have any idea that the company is going to make a bad business decision but the part owner does. Hence, I think that means he has inside information which the general public (shareholders) does not know about. I might be wrong but that is my guess.fanaticbuckeye;1329321; said:
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fourteenandoh
My swing feels like an unfolding lawn chair.
fanaticbuckeye;1329321; said:
the thought process goes that, as a large shareholder, he was privy to information that hadn't yet been made available to the public. when you get that info, you are not allowed to trade on it until it is announced to the public. it doesn't really matter if he was part of the decision process or not. as it was, he was offered a chunk of the stock offering which is what tipped him off.
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billmac91
Head Coach
maybe it's just me, but I have a feeling Cuban is going to walk on this, and rip some people as he does it.
He already took a backhanded shot at the gov't over this, and says he is 100% clean.
I think Cuban gets off....actually, I think charges will be dropped before it even goes to a trial. And I think Cuban makes people look stupid doing it.
He already took a backhanded shot at the gov't over this, and says he is 100% clean.
I think Cuban gets off....actually, I think charges will be dropped before it even goes to a trial. And I think Cuban makes people look stupid doing it.
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fourteenandoh
My swing feels like an unfolding lawn chair.
billmac91;1330190; said:
yeah, it seems rediculous to me. with all that's going on right now, i almost look at it as insulting that they are wasting their time with him.
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billmac91
Head Coach
fourteenandoh;1330195; said:
the guy has paid more in NBA fines (about 1.4 million) since becoming an owner, but now he is going to risk jail time over $750,000?
The gov't doesn't bring this to light unless they have evidence, but Cuban didn't get to where he is at by being a moron. And he isn't going to risk jail time over $750,000 when he's willing to pay 1.4 mill out of his pocket to rip the league with opinions.
Again, I think Cuban walks, and he makes the gov't look stupid doing it. He isn't the type to bite his tongue.
I'd be scared [censored]less if I were MLB too....as a commish you wouldn't want thi sguy making common sense of ridiculous issues that are plaguing the league.
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fourteenandoh
My swing feels like an unfolding lawn chair.
i think this is a civil case, so there is no risk of jail time. with that said, i wouldn't be surprised if he just settles behind the scenes so this thing goes away.
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