Records show that between late 2004 and August of 2005, Avanir sometimes said the Food and Drug Administration had granted expedited review of that drug but other times stated that the agency might give such priority, and there was no assurance it would. Avanir says the discrepancies were inadvertent.
Avanir went to court to get the identity of one investor making negative comments online. The judge said that the company was violating free speech and awarded the poster more than $50,000. "Avanir also initiated several John Doe lawsuits against Yahoo! message board posters," says Kralick. Avanir claimed it would suffer "severe damage if the posters were not stopped." Poor dears.
Meanwhile, I went on chat boards for both Avanir and Overstock and found that the bulls and bears are scrappy as ever. Some of the invective darts, aimed at other investors or company managements: "pussball," "lying scumbag," "slimeball with no conscience," "weasel," "Russian grifters," "crud peddler." You get the picture. Remarked a poster, "One must have a mental disorder to buy Avanir." Said another of Overstock shares, "Lipsticked pig outhouse paper quality common stock."
This is part of the bull/bear game. Don't buy stock in a company trying to be a bear slayer; managers may be sissies who can't run a business in this competitive world.