Thread by @Upper20sStCap

Thread: Curious if FinTwit is aware of this and if it's actually alarming or if there is a joke here that I am not in on. So query: did you know the Yahoo exec on $BABA's board resigned <1 week before the IPO citing Sect. 11b of SA of 1933 re: lying in a registration doc? /1

Here is the letter of resignation. /2

sec.gov/Archives/edgar…

Here's a picture of it /3

Now here is a a link to a summary of the Securities Act of 1933 from LII. You can ctrl + f for "Section 11" and then click the hyper link /4

law.cornell.edu/wex/securities…

The hyperlink takes you to this page: /5

law.cornell.edu/uscode/text/15…

And here's a picture of that too /6

Okay, that seems pretty damning. Am I missing something? Is this fake news? Am I reading too much into this? Is this more common knowledge than I think? /end

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