Mark Cuban Attacked By SEC For Insider Trading of Mamma.com Shares, momma.com |
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Mark Cuban Attacked By SEC For Insider Trading of Mamma.com Shares, momma.com |
Nov 17 2008, 06:48 PM
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Administrator ![]() ![]() ![]() Group: Root Admin Posts: 12,915 Joined: 9-May 08 Member No.: 1 |
Mark Cuban in 2004 was a major stakeholder in search engine Mamma.com.
He started to sense things were not going well for the company when they told him that they were going to engage in PIPE financing Mark sold his shares on the news, which had not gone public yet and the next day, prices fell nearly 10% (price has never returned again) I’m sure there is an explanation for all of this coming soon.
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