This is a relevant article for all posters on stock market forums, with the message being do not be fooled by the seemingly anonymous cloke of the internet.
In this instance, on-line forum users are being litigated against for posting 'down ramps' about a couple of AIM-listed oil speccies. The comments/rumours extended to management and the BOD.
So the onus is on posters to supply sources for all their stock posts, not to engage in 'rumourtrage' and the ensure that they do not make any libelous statements against management/directors.
If you think it through, downrampers could be pursued by the entities or even other shareholders who have faced losses due to 'rumourtrage'.
Precedents are being set it seems. I must say that ASF posters these days are measured and fair in my experience. Some of the posts I have read on other sites are most definetely defamatory and not based on market information.
Brave new world?