Page 1 of 2 12 LastLast
Results 1 to 15 of 24
  1. #1
    Walk On
    Points: 8,422, Level: 27
    Level completed: 46%, Points required for next Level: 328
    Overall activity: 0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    Nov 2007
    Location
    Johnston
    Posts
    223
    Points
    8,422
    Level
    27
    Thumbs Up
    Received: 0
    Given: 0

    Marc Cuban Charged w/ Insider Trading

    Just coming across the wire now. SEC is charging Cuban with insider trading by selling shares in mamma.com (?) before the company was about to announce a new share sale. No link yet.



  2. #2
    Legend
    Points: 242,064, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 15.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Nov 2006
    Posts
    11,233
    Points
    242,064
    Level
    100
    Thumbs Up
    Received: 860
    Given: 975

    Re: Marc Cuban Charged w/ Insider Trading

    Good. I used to love Cuban. After his anti war and Soldier movie came out I can't stand him.



  3. #3
    Speechless
    Points: 468,800, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience PointsOverdrive
    brianhos's Avatar
    Join Date
    Jun 2006
    Location
    Trenchtown
    Posts
    40,722
    Points
    468,800
    Level
    100
    Thumbs Up
    Received: 912
    Given: 104

    Re: Marc Cuban Charged w/ Insider Trading

    ohh noes!!!!


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

  4. #4
    Pro
    Points: 32,740, Level: 55
    Level completed: 72%, Points required for next Level: 310
    Overall activity: 7.0%
    Achievements:
    SocialVeteran25000 Experience Points

    Join Date
    Apr 2006
    Posts
    3,022
    Points
    32,740
    Level
    55
    Thumbs Up
    Received: 69
    Given: 30

    Re: Marc Cuban Charged w/ Insider Trading


  5. #5
    Pro
    Points: 63,057, Level: 77
    Level completed: 88%, Points required for next Level: 193
    Overall activity: 8.0%
    Achievements:
    Veteran50000 Experience Points
    djcubby's Avatar
    Join Date
    Nov 2006
    Location
    Bondurant
    Posts
    3,257
    Points
    63,057
    Level
    77
    Thumbs Up
    Received: 320
    Given: 579

    Re: Marc Cuban Charged w/ Insider Trading

    Quote Originally Posted by Knownothing View Post
    Good. I used to love Cuban. After his anti war and Soldier movie came out I can't stand him.
    What movie??



  6. #6
    Legend Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience Points
    DaddyMac's Avatar
    Join Date
    Oct 2006
    Posts
    14,360
    Thumbs Up
    Received: 1
    Given: 0

    Re: Marc Cuban Charged w/ Insider Trading

    I don't know a whole hell of alot about these trading issues.

    But unless he took some sort of active part in the decision to raise the funds through the PIPE, how can he be faulted?

    Kind of an iffy situation. Don't pretty much all investors make decisions based of information they glean?

    Again, if he was a decision MAKER, I get it. But otherwise.......



  7. #7
    Addict
    Points: 112,687, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 4.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Mar 2006
    Posts
    6,705
    Points
    112,687
    Level
    100
    Thumbs Up
    Received: 251
    Given: 298

    Re: Marc Cuban Charged w/ Insider Trading

    Is this going to be a Martha Stuart-type deal?


    Exaggeration is a BILLION times worse than understating.

  8. #8
    Starter
    Points: 11,161, Level: 31
    Level completed: 88%, Points required for next Level: 89
    Overall activity: 1.0%
    Achievements:
    Veteran10000 Experience Points
    throwittoblythe's Avatar
    Join Date
    Aug 2006
    Location
    Minneapolis, MN
    Posts
    708
    Points
    11,161
    Level
    31
    Thumbs Up
    Received: 10
    Given: 15

    Re: Marc Cuban Charged w/ Insider Trading

    How much did Martha Stewart make from her insider trading? In Cuban's case, he "only" saved about $750,000. In the grand scheme of his fortunes, that's probably less than 5%.


    TRUE & VALIANT

  9. #9
    Hall-Of-Famer
    Points: 49,462, Level: 68
    Level completed: 80%, Points required for next Level: 288
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    SuperCy's Avatar
    Join Date
    Nov 2006
    Location
    Smallville/Metropolis
    Posts
    3,884
    Points
    49,462
    Level
    68
    Thumbs Up
    Received: 6
    Given: 0

    Re: Marc Cuban Charged w/ Insider Trading

    Quote Originally Posted by throwittoblythe View Post
    How much did Martha Stewart make from her insider trading? In Cuban's case, he "only" saved about $750,000. In the grand scheme of his fortunes, that's probably less than 5%.

    Forbes estimated last year that his worth is around $2.1 billion.
    $750,000 hardly seems worth it.



    What ever happened to truth, justice and the American Way?

  10. #10
    Hall-Of-Famer
    Points: 68,777, Level: 81
    Level completed: 43%, Points required for next Level: 973
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    cyfanatic's Avatar
    Join Date
    Oct 2006
    Location
    Cedar Rapids, Iowa
    Posts
    4,202
    Points
    68,777
    Level
    81
    Thumbs Up
    Received: 88
    Given: 1,949

    Re: Marc Cuban Charged w/ Insider Trading

    But I thought he was going to lead the Cubs into a 100 year period of greatness?



  11. #11
    Walk On
    Points: 8,422, Level: 27
    Level completed: 46%, Points required for next Level: 328
    Overall activity: 0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    Nov 2007
    Location
    Johnston
    Posts
    223
    Points
    8,422
    Level
    27
    Thumbs Up
    Received: 0
    Given: 0

    Re: Marc Cuban Charged w/ Insider Trading

    Quote Originally Posted by DaddyMac View Post
    I don't know a whole hell of alot about these trading issues.

    But unless he took some sort of active part in the decision to raise the funds through the PIPE, how can he be faulted?

    Kind of an iffy situation. Don't pretty much all investors make decisions based of information they glean?

    Again, if he was a decision MAKER, I get it. But otherwise.......
    Once he knew about it the new issue, he is precluded from trading the stock until it has been made public information. Same thing that happened to Martha Stewart. Once you get material, non-public information, you can't do anything. I'm sure it happens pretty frequently, but most people don't do it in large enough scale to get noticed.



  12. #12
    Starter
    Points: 11,161, Level: 31
    Level completed: 88%, Points required for next Level: 89
    Overall activity: 1.0%
    Achievements:
    Veteran10000 Experience Points
    throwittoblythe's Avatar
    Join Date
    Aug 2006
    Location
    Minneapolis, MN
    Posts
    708
    Points
    11,161
    Level
    31
    Thumbs Up
    Received: 10
    Given: 15

    Re: Marc Cuban Charged w/ Insider Trading

    Quote Originally Posted by SuperCy View Post
    Forbes estimated last year that his worth is around $2.1 billion.
    $750,000 hardly seems worth it.
    Wow, so 0.03%. Even less than I thought.


    TRUE & VALIANT

  13. #13
    Starter
    Points: 11,892, Level: 32
    Level completed: 92%, Points required for next Level: 58
    Overall activity: 0%
    Achievements:
    Veteran10000 Experience Points
    hort4cy's Avatar
    Join Date
    Jun 2006
    Location
    Randalia, IA
    Posts
    715
    Points
    11,892
    Level
    32
    Thumbs Up
    Received: 0
    Given: 0

    Re: Marc Cuban Charged w/ Insider Trading

    Quote Originally Posted by DaddyMac View Post
    I don't know a whole hell of alot about these trading issues.

    But unless he took some sort of active part in the decision to raise the funds through the PIPE, how can he be faulted?

    Kind of an iffy situation. Don't pretty much all investors make decisions based of information they glean?

    Again, if he was a decision MAKER, I get it. But otherwise.......
    It wasn't that he was involved in the PIPE, it was that he heard about it and sold his shares (knowing that the price would go down) before the PIPE was announced publicly.



  14. #14
    All-Star
    Points: 17,597, Level: 40
    Level completed: 44%, Points required for next Level: 453
    Overall activity: 2.0%
    Achievements:
    Veteran10000 Experience Points

    Join Date
    Apr 2007
    Posts
    1,048
    Points
    17,597
    Level
    40
    Thumbs Up
    Received: 2
    Given: 37

    Re: Marc Cuban Charged w/ Insider Trading

    Martha Stewart served 5 months in prison and 5 months in home confinement plus probation for avoiding a 45k loss. She also received a 30k find.

    Her net worth is 600 milllion plus.

    In at least the short term her net work took a much bigger loss than 45k because of the insider trading.

    Quote Originally Posted by SuperCy View Post
    Forbes estimated last year that his worth is around $2.1 billion.
    $750,000 hardly seems worth it.



  15. #15
    Addict
    Points: 137,921, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 1.0%
    Achievements:
    SocialVeteran50000 Experience Points
    joefrog's Avatar
    Join Date
    Apr 2008
    Location
    Clive, Iowa
    Posts
    6,615
    Points
    137,921
    Level
    100
    Thumbs Up
    Received: 134
    Given: 1,135

    Re: Marc Cuban Charged w/ Insider Trading

    Quote Originally Posted by djcubby View Post
    What movie??
    This piece of garbage:

    Redacted (2007)

    I believe he has financed other productions that show the US in a bad light too. Yeah, I would hate any place that made me a multi-billionaire too.


    "Dog Eat Dog"
    Read the news
    Someone win,
    Someone lose

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: ESPNU
  • HOOPS: Iowa State @ Texas Tech
  • February 10, 2016
  • 08:00 PM