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groovie

Member since: Dec 23rd, 2005

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Joystiq1 Comment

Take-Two gets a new shareholder: Jack Thompson

Dec 23rd 2005 10:30AM (Joystiq)
Every video game he mentions and complains about just starts selling better. I think he's in it for the money now. Isnt there some law about causing the stock price to rise by making false anouncements? isnt it called "Pumping"? Now that he holds stock in Take Two cant he be arrested for this?

Pumping:The specific intent is to stimulate interest in the stock, attract buying, and cause the price to rise. Scenario, the fraudster buys a stock at lets say $5.00 a share, he/she then releases some false information causing the price to rise. He then sells making a profit.

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