Moore and Halliburton stocks?

[SHRED]

A freeper posted this link on another board:

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=47174

Is this just bullshit?
Help me debunk it if so.

[noahmijo]

1. First find out how much it is

Owning stocks in a company is the best way to get inside info and detailed budget reports-it could be Moore's way of getting the research quickly and efficiently.

Secondly given the fact that Moore showed damning evidence concerning Halliburton I doubt he's hoping their value goes through the roof.

[ET Awful]

2. Bingo, it gives him easy and immediate access to information that

might otherwise be long in coming. As a stockholder, he is entitled to huge amounts of information that would take a non-stockholder much longer to obtain.

[LetsGoMurphys]

3. I wonder if this is enough to get him a proxy as well

so he could vote on various issues at Halliburton.

[davepc]

7. Halliburton has 508.31M shares outstanding

If the reports are true and Michale Moore owns about 2,000 shares, its hardly enough to make any sized dent in the voting.

[Gman]

12. As a shareholder, he has the right to speak on the floor of a shareholders

meeting which is exactly what he may be up to.

[davepc]

15. He would have that right with one share. why does he need 2000?

It's a pathetically low number of shares to own if your intention is to try to influence the corporation from the inside, and overkill if your desire is to have access to the floor at a shareholders meeting.

[Yupster]

17. Agree davepc

Two thousand shares is not a symbolic gesture. One share would be.

My guess is he didn't even know he had the shares. He probably has a broker with a discretionary account and he probably looks at it once a year if at all. More likely he has one of his people look in on it once a year.

[LetsGoMurphys]

25. The first time I ever heard of Michael Moore

was in my accounting I class back in 2000 or 2001. My accounting teacher loved him because he would go to these shareholder meetings and demand answers and cause huge scenes. To do so I am assuming he would have to be a shareholder.

[davepc]

6. Such as?

I am, and have been a stock holder in company's big and small and have never gotten any inside information that I could not otherwise obtain by calling the companies investor relations department or looking on their web site.

I've had annual reports and SEC filing information mailed to my house about companies i held no stock in, but was researching.

Any shareholder getting "inside" information about a companies policies and acting on that information before it became public would be committing a felony. For this reason, in my experience, most corporations are generally very open with information that is supposed to be publicly and easily available. Unless your a majority shareholder, you get no special information unless you happen to sit on the board or know some one who does or work for the company yourself and get that information from your work.

[ET Awful]

8. Such as?

Budgets, financial statements, agendas of board meetings, and the list goes on.

[wrathofkahn]

10. You mean..

like these?

That's all public information, by law.


One share of stock would accomplish the same thing as 2,000, as far as entrance to stockholders' meetings. Even assuming that he bought at the 52-week low, he still sunk about $71K in this. That's not chump change, even to him.

[ET Awful]

11. There's a difference between an annual report and

other periodical reports that are obtainable as a shareholder.

Also, your link omits board agendas and minutes.

[davepc]

14. All that information if publicly available

There's a reason why they're PUBLIC companies, as opposed to private company's where all that information is privileged. Any information needs to be passed on to the SEC and made available by the company. The SEC has oversight in this whole process. Not filing with the SEC is a crime, and punishable by jail time and fines.

Public companies do not have any such thing as double secret shareholder only information. It's against the whole point of being a public company.

Board agendas and minutes are available for members of the board of directors. Owing 2000 shares does not elevate one to the position of Director.

The people who traffic in insider information within public companies are government and wall street insiders, not some guy on the street with 2,000 shares, which is chump change when contrasted against the over 500,000,000,000+ shares that are in the marketplace.

[ET Awful]

23. So tell me, how many years do you have under your belt as a

paralegal with a lawfirm that handles SEC filings for corporations?

I have eight.

Here's a little education for you, being a stockholder does not allow you to attend board meetings, it does not allow you to vote at board meetings, but it does entitle you to have complete knowledge of what transpires at board meetings, up to and including the agenda and minutes of any such meeting. In much the same manner that being a US citizen doesn't make you a member of congress, but with rare exception, you are allowed access to their agenda, the entirety of their meetings, the minutes of said meetings, etc.

[QC]

4. Check out one of the other three or four threads on this topic. n/t

[Bridget Burke]

5. This is our second thread promoting the same book in 2 days!

www.amazon.com/exec/obidos/tg/detail/-/0385513496/qid=1131027188/sr=8-1/ref=pd_bbs_1/103-0206775-7168617?v=glance&s=books&n=507846

Check out the reviews. Check out the author's other books.

[erpowers]

9. Liberals Should Write a Book

Liberals should just write the opposite book. "Do As I Say Not As I do Republican Hypocrisy." Then liberals could write about how people like George Wills, Rush Limbaugh, and Jeb Bush talk about family values and then get divorced 4 times, 7 times, or more and have kids who have sex in the back of vehicles, ram their suvs into the house of their ex girlfriend or get stoned on prescription drugs and some how not get that much time in jail. Liberals could also write about how young and college Republicans push for wars, but then when the war is started they encourage everyone else to go, but for some reason they cannot go fight the wars themselves. We could just list the Republicans who pushed for the Iraq War, but ran with their tails in between their legs during Vietnam. Then they critize Democrats who fight in the war. Their could be even more issues of hypocrisy like how perjury in one administration is REALLY bad, but in another administration outing a CIA agent an lying about the leak is no big deal and is only an underlying crime that should not get that much attention.

[sepia_steel]

13. I just watched the author of that book on Scarborough.

Says that they have IRS copies and that Moore signs his own tax documents. Moore's a rich guy now and all, but I really don't want to find out that this is in fact true. I REALLY hope it's not. What a kick in the face that would be...

[doc03]

16. He has millions, he has to put it someplace. If you had money

in an S&P 500 Index Fund you could be accused of owning shares in Halliburton.

[Douglas Carpenter]

22. well, if you have ever had some kind of trust account or still do

you might discover that you (semi-indirectly) own some stocks in companies that you don't approve of and don't know it.

I suppose it would be better to put such money in companies that specialize in socially-responsible ethical investments.

[Name removed]

18. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Tatiana]

19. I hope he owns a lot.

I hope he can become a majority shareholder and get access to damning documents, maybe even force a few people off its board of directors.

[Name removed]

20. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Tatiana]

21. Let me see if I can explain this in language you might understand....

1 Corinthians 13:13

13And now these three remain: faith, hope and love. But the greatest of these is love.
--------------------------------------------------------------------------------
I have faith that the corrupt Bush junta will suffer the wrath God has waiting for the unjust.

Love ya. :hi: Enjoy your stay.

[0007]

24. I'll second that with more love, LOL!! n/t