Brooks (brooksmoses) wrote,
Brooks
brooksmoses

An impressive disclaimer.

So, out of vague curiousity, I decided to look at the latest stock spam that showed up in my inbox. The author apparently decided it needed a bit of a disclaimer, and gave it this remarkable gem:

The strongest disclaimer I've ever seen. (Well, excerpts therefrom.)
Information within this email contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. ... The publisher of this newsletter does not represent that the information contained in this message states all material facts or does not omit a material fact necessary to make the statements therein not misleading. ... The publisher of this newsletter advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this email. ... Many of these companies are on the verge of bankruptcy. You can lose all your money by investing in this stock. We urge you to read the company's SEC filings now, before you invest.

The publisher of this newsletter is contracted to receive six hundred thousand gratis trading shares from a third party, not an officer, director or affiliate shareholder for the circulation of this report. Be aware of an inherent conflict of interest resulting from such compensation due to the fact that this is a paid advertisement and is not without bias. The party that paid us has a position in the stock they will sell at any time without notice. This could have a negative impact on the price of the stock, causing you to lose money.

It's almost enough to make one wonder whether the spammers were contracted to make the price of the stock go up or go down! Or is this seriously what the lawyers are saying needs to go on this sort of junk these days?

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