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User: Luddite666

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  1. Re:You're overreacting on Identity Theft Countermeasures? · · Score: 1

    Yeah, I hate the SSN on the health insurance card, too.

    But you can do what I did:
    - photocopy the health ins. card (front and back) with the SSN covered (or use white-out)
    - laminate the copies together to make a single card, complete except for SSN

    I called my provider, and they said this was OK; just that I should take the real card to scheduled doctor appointments.
    The laminated photocopy should be enough for those unexpected ER visits!

  2. Re:Is the appeals court ticked off? on DeCSS Injunction Reversed In CA Case · · Score: 2, Interesting

    It seems that the Court of Appeals doesn't think too highly of Hon. William J. Elfving, the trial judge. Look at the Court's liberal use of sic in its quoting of Elfving's opinion. It even sic'ed his use of 'both' before listing four nouns (instead of two).
    I thinks the justices might see the Honorable Elfving as a bit of a ninny.

  3. Not that simple on Class Action Lawsuit Against VA · · Score: 1

    It's not that simple. You can sell your property for whatever price you want, but if you want to sell shares to the U.S. public market, you have to follow the SEC's rules and regulations (see the Securities Act of 1933 and the Securities Exchange Act of 1934).

    Increasing someone's participation (i.e., the number of shares they get) in a 'friends and family' program of an IPO AFTER trading in the shares has begun seems like something that the SEC would not approve of.

  4. Re:what it means... on Class Action Lawsuit Against VA · · Score: 5
    After a quick read of the complaint, in my interpretation, what the lawsuit is trying to say is:

    1. There was something like a 'friends and family' program with the VA Linux IPO, where certain people got shares of VA Linux at the IPO price (this is common in IPOs).

    2. VA Linux's underwriter, Credit Suisse ('CS') had a 30-day option to sell even more shares of VA Linux at the IPO price, up to 15% of the number of shares in the original IPO (this is also common in IPOs; the underwriter generally exercises the option and sells the shares if the IPO is a hot one).

    3. The complaint basically says that these 'friends and family' shares and option shares were sold by CS to certain people in ways that gave CS extra benefits, hurting investors who could not buy these shares at the IPO price from CS.

    4. This has been a sore topic for the SEC lately, where certain people get shares at the IPO price, and then can turn around and tell them immediately after the IPO, turning a very large profit, quickly.

    5. It really has nothing to do with VA Linux itself, other than the mechanics of VA Linux's IPO.

    6. This is a personal interpretation, not a legal opinion.