For a brief, shining moment, Sagio Investments was a star among Palm fans. Not only did the company based in Geneva, Switzerland
illustrate why Palm is still a promising stock company, but also did they reveal
some interesting details on Palm's Treo pipeline for next year. But the bitter truth is Sagio is just another financial shark leaving tooth marks everywhere they pass. Their
12-pages Palm report has been pulled from their website. Instead, they
unconvincingly claim that there's "absolutely no link between this [pulled] report and our 13G filing [
link] of yesterday or any current position." Furthermore:
We did not authorize any distribution or use of this report on other websites than our own. We will be tracking and taking legal action against any unauthorized reproduction of our content that may have been done in the last days... In order to avoid any improper use or distribution by third parties of this internal report, we will remove it from our website. We regret to see that once again small investors will be deprived of access to proper independent information, thus perpetrating the misinformation and inefficiency that too often characterizes today's financial markets.
It's written all over their face that someone at Sagio screwed up badly by publishing the report and now they're trying to blame us and the Internet community for their failures. How sad is that?