The Conservative Cave

Current Events => Breaking News => Topic started by: RobJohnson on November 17, 2008, 12:04:03 PM

Title: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: RobJohnson on November 17, 2008, 12:04:03 PM: Quote
SAN FRANCISCO -- The Securities and Exchange Commission on Monday charged Dallas Mavericks owner and Internet entrepreneur Mark Cuban with insider trading. The SEC alleges Cuban in June 2004 sold 600,000 shares of Internet search engine company Mamma.com Inc. on inside information that the company would initiate a stock offering. The charges allege Cuban knew that the offering would be at a discount and it would be dilutive to existing shareholders.

http://www.foxbusiness.com/story/markets/industries/media/mavericks-owner-mark-cuban-charged-insider-trading/
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: Ralph Wiggum on November 17, 2008, 12:18:22 PM: He may have seen this coming, since he recently claimed that he had a zero percent chance of buying the Chicago Cubs, one of his prized possessions.
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: thundley4 on November 17, 2008, 12:30:16 PM: So much for my hopes of him getting the Cubs. :censored:
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: Lord Undies on November 17, 2008, 12:41:33 PM: Mark Cuban is a cocky prick. Too bad this won't go anywhere. Mark Cuban is not Martha Stewart.
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: BEG on November 17, 2008, 01:23:18 PM: Quote from: Lord Undies on November 17, 2008, 12:41:33 PM
Mark Cuban is a cocky prick. Too bad this won't go anywhere. Mark Cuban is not Martha Stewart.

I agree, I can't stand Mark Cuban.
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: Ralph Wiggum on November 17, 2008, 02:17:50 PM: Quote from: BEG on November 17, 2008, 01:23:18 PM
I agree, I can't stand Mark Cuban.

Rush described him as a big Obama supporter on his show today. I didn't know that.
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: BEG on November 17, 2008, 02:20:55 PM: Quote from: Ralph Wiggum on November 17, 2008, 02:17:50 PM
Rush described him as a big Obama supporter on his show today. I didn't know that.

I figured he was. He is a total ass.
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: Ralph Wiggum on November 17, 2008, 02:23:27 PM: Quote from: BEG on November 17, 2008, 02:20:55 PM
I figured he was. He is a total ass.

I've always liked him. Of course I don't live as close to him as you do. You're probably bombarded with Mark Cuban news constantly.
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: RobJohnson on November 17, 2008, 02:45:45 PM: Quote from: BEG on November 17, 2008, 02:20:55 PM
I figured he was. He is a total ass.

:rotf: :rotf:
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: Miss Mia on November 17, 2008, 03:24:09 PM: Quote from: Ralph Wiggum on November 17, 2008, 02:23:27 PM
I've always liked him. Of course I don't live as close to him as you do. You're probably bombarded with Mark Cuban news constantly.

Not really. I rarely hear about him. But I don't watch the sports news, I mean they'll refer to him when talking about the Mavs.
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: DixieBelle on November 17, 2008, 07:26:42 PM: Couldn't have happened to a nicer guy. Ass indeed.

http://newsbusters.org/blogs/lynn-davidson/2007/09/04/mark-cuban-backed-de-palmas-redacted-promote-new-movie-distribution-b
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: Ptarmigan on November 17, 2008, 07:27:50 PM: Mark Cuban is really annoying. He is the reason why the Dallas Mavericks lost the NBA Championship against Miami. He can't keeps his mouth shut.
Title: Re: Mavericks Owner Mark Cuban Charged With Insider Trading
Post by: Chris_ on November 17, 2008, 07:30:57 PM: Quote from: Lord Undies on November 17, 2008, 12:41:33 PM
Mark Cuban is a cocky prick. Too bad this won't go anywhere. Mark Cuban is not Martha Stewart.

This stuck me as so strange -- $700,000 to a billionaire is like $70 to most of us.

Maybe he got his money too quickly and can't do relative risk analysis in his head? Remember, he had ONE really good idea and sold it for a billion. That doesn't make him smart, just clever.