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Backdating financial

While not strictly illegal, this approach has come under increase scrutiny in recent years, since it can be used a means of presenting a false picture of the situation in order to obtain a more favorable tax position.

If you do not believe there are now serious risks to the company, ask yourself what a drop of more than 20% out of the blue in the middle of a trading tells you — and taking the stock to new 52-week lows to boot!

Please note: This article has been updated to include details of the letter.

Until the debate on the ethics of the use of this approach is resolved, this set of circumstances is not likely to change one way or the other.