Apr 5, 2010

Funny Business With The SEC?

Not sure what to make of this, but this screen shot was sent to me a few days ago. It is from the secure "whistleblower" site linking off of the main YTB site. This link appears to go to a separate company, but the message definitely is filtered right back into YTB.

What is curious is that initially they were very fast to reply, and when pressed a little more, silence. Whomever sent this into their audit committee alluded that based on a run up of the stock on March 16, 2010, there would be some news released from YTB.  And sure enough, on March 17, 2010, they released the press release about the non restructuring restructuring. But beyond that, silence from the audit committee of YTB.

I wonder if Tom Baker really did so anything with the report? I wonder if the SEC has a copy of it like he suggests? I wonder what they think when their actions are so predictable? And I wonder if they were talking about this blog when they referenced "making statements ahead of official announcements"?





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