Daily Comments Winner
Commenter Vabor wins yesterday's contest with his analysis of Take-Two's 10-k filing, inspired by our Thompson's Secret Letter to Take-Two Shareholder post.
Here's one problem: "The Sarbanes-Oxley Act of 2002 amends Section 16 of the Securities Exchange Act to require reporting persons - directors and executive officers (including family members and certain affiliated entities) as well as 10 percent or more stockholders - to report stock transactions occurring on or after August 29, 2002 on Form 4 within two business days."Bush's signed the act above into law in 2002 and the Rockstar Directors and Executive Officers aren't following the new timelines for reporting stock transactions. Also, as you can see below, the SEA of 1934 is referenced as the benchmark, but it's really the Sarbanes-Oxley 2002 act they should have been following. (See below)...that's probably one of things Jack Thompson has up his ass...
" Section 16(a) Beneficial Ownership Reporting Compliance. Based solely on a
review of Forms 3, 4 and 5 furnished to us with respect to our most recent
fiscal year, we believe that all reporting persons currently required to file
reports under Section 16 of the Securities Exchange Act of 1934 filed such
reports on a timely basis, except that Mr. Flug did not file two Forms 4 (two
transactions) on a timely basis; Mr. Winters did not file one Form 4 (one
transaction) on a timely basis; Paul Eibeler did not file three Forms 4 (three
transactions) on a timely basis; and Oliver Grace did not file two Forms 4 (five
transactions) on a timely basis."
Don't forget to post away today for your chance to win. I will be randomly selecting a post tonight, as I will every day this month, and then deciding which comment about the post was the funniest, most insightful or interesting and hand out a prize to the poster.
Today's prize are copies the games Guild Wars Factions, Auto Assault and Lineage II 2nd Anniversary Edition with a 60 day prepaid card as well as an NCSOFT wireless mini mouse.
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