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Monday, November 17, 2008
Is it even worth a comment?
Not about the case. Definitely not.
But I do remember thinking it curious that Cuban was messing around making high profile investments in a couple of tiny little search companies with zero fundamentals and in Mamma's case, not even "potential" given that it was on the downslope of its "story" (as in "story stock") when Cuban happened on it.
If he'd been really interested in this genre of technology companies, why not go for a portfolio approach to small-company search technology, or take a different tack than taking a stake in a publicly traded penny stock? Taking a stab at Mamma (and what was the other one, IceRocket?) seemed a bit like throwing darts... or a fun night playing Texas Hold 'Em or entering a pie-eating contest for charity.
In which case... if he loses... that will have been an awfully costly "night out." But I seriously doubt that a conviction would convince anyone that Mark Cuban was thoroughly guilty of anything other than being a goof with his money.
Posted by
Andrew Goodman
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