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Wednesday, May 23, 2012

The Faecesbook IPO - Morgan Stanely Subpoenaed

Morgan Stanley have been subpoenaed as part of an investigation into whether its analysts communicated revisions of Faecesbook’s revenue forecasts broadly to all clients ahead of last week’s initial public offering.

As I said less than an hour ago, the Faecesbook IPO is the IPO that, for those who haven't touched these shares with a bargepole, that just keeps giving!

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