Have you manipulated the price of 3 Solaria hedge fund?
Feb 8, 2009
Several media reports have appeared that the sharp drop Solaria has had in recent weeks has been caused by false rumors spread by some hedge fund 3.
According to this version 3 these funds were short in Solaria. Ie, had sold shares on credit hoping that the price drop and the power to repurchase shares at lower prices, thereby gaining an advantage (legal and legitimate).
The problem is that the day Solaria presented its results for the year 2007 these were spectacularly good, making it very likely that a significant contribution subiese rather than down as expected the 3 hedge fund. If the price hike would have a strong 3 hedge fund would have had a hard loss, having to buy back the shares previously sold (exclusive lists in his possession) at prices much higher.
According to the media that have published this press release which made the hedge fund, rather than accept the loss, he was spreading false rumors on the newly published accounts were false and the company had serious financial problems.
Since these media has requested that the SEC opened an investigation to determine whether these facts are true or not and impose appropriate sanctions where appropriate.
I think the SEC is on other things. This case should investigate the ordinary courts and the police or the Guardia Civil. If true that those responsible for spreading false rumors not only to refund the money to shareholders who have been affected to sell their shares, but pay a very substantial, and above all go to jail. Because we are not talking about committing an irregularity, but to commit a crime.