S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media

to bring you unscripted interviews and breaking commentary direct from Wall Street, right to you on Main Street.

How's it going out there?

It's Wednesday, May 30th, and I'm Frank Herszio,

hosted an S&A investor podcast where I break down the headlines and tell you what's really moving these markets.

You know I have to say this Facebook thing starting to get entertaining on the news almost every day on

C. M.C I've been following this thing for a long time like the past six months in the road show and the

investment bankers who's going to be a part of this and finally in May we had the

IPO. Stock comes out of $42 a share.

And then what happens immediately,

stock gets crushed.

Almost every person investing in the company

over the past few weeks is basically lost money. Not people have been in this company forever. Some people

own Facebook and a dollar. Still doing well. Just talk about the people who bought it after

the IPO. Which is fine. You know, people lose money on investments all the time, whether you

professionally make mistakes, whatever it is, you know, we all lose money on certain things

that we invested. However, now investors are filing lawsuits against Facebook and its investment bankers.

Saying that the analysts covering the stock, basically who are the investment bankers on the deal or the Goldman Sachs,

Morgan Stanley, J.P. Morgan, they lowered their sales estimates during the road show right

before the IPO.

So investors are saying, well, you know what, if we knew that, if we saw that research, we wouldn't invest it in the Facebook IPO.

Especially if we knew that, we knew these guys were lowering those estimates and look at you know I have to be honest about this

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