RE-POST Well, if anybody was interested in hearing a "defense" from the horses mouth, I thought I would post this for full disclosure. Make your own judgements, but I am sure it will offer some decent dialog. It wasn't signed, but I am sure the author is clear (it is not me btw)
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Monday, Jul 4 2011 - 3:44 PM
Post #of 8718
Howdy all...
As some of you may know I have been traveling recently... What you may not know is why... Well, let me fill you in...
Last week, I met with my legal team and the SEC... I would like to share with you some of the results of this meeting...
My life for the last few years was literally an open book... During this event, my emails, posting history, bank records, and much more was all on display, even down the various settings I use on a chart and why...
While some of you may have been falsely hearing that I have been having money transferred to some tax haven somewhere, that is completely false, and all my transactions from every account I have has been recorded and reported. In fact, some folks would have you believe that they personally called PayPal and was told about how PayPal has transferred money on my behalf to offshore accounts... And, while I am not going to point fingers or start some type of negative campaign, I will say that as of the time of that posting... I had not received one single cent from PayPal, and, I inquired with PayPal to see if such information had been released, to which they responded, there was zero chance anyone other than me got information on my account in any way, shape or form.... And, for the record, all of my funds from there were eventually sent to my local Chase Bank... Other things such as my military service and disabilities from the service as well as my educational background were also discussed, and since it seems that far too many folks will take any personal information about me and twist it upside down… and some have even gone as far as criticizing my marriage so, I think you will understand that I am unwilling to share any of those personal details.
Let's talk about stocks... This is what actually matters…
While many seem to believe anyone that speaks or posts about my holdings as if they have seen my trading records… and they will tell you that I have dumped everything I own or that I am a pump and dumper, Well, if I am a pump and dumper, I am the worst one ever, as I have been involved in all of the plays that I brought to the Den for this entire time... So, let's be clear, I have substantial positions in the Den plays.... and while yes, I did have a private transaction with a member of the Den who always told me to consider them a resource so I wouldn't have to carry the entire financial burden myself. I still hold millions of shares of the plays and contrary to what you have been told, I have never shorted any penny stock, especially, the Den plays...
I think everyone is mostly concerned about EIGH... So let's start there... Over the course of 2010, I personally purchased over $600,000 worth of shares, without selling a single share... Even though I had plenty of chances to sell for substantial profit, I did not... And, after the dividend was cancelled, not only did I not sell, I continued to add to help support the price. If I had sold my position as the price was climbing and or nearish the top... I could have netted well over a million bucks on it... Up until November, I still thought the acquisition would go through as I was told by the company we had 60 days to complete it...
CDIV... As I always said, with the size of my position, I would sell a little all the way up when it was strong and support when weak... this is precisely what I did... And of course, I made some profit on it... But, as I would not sell when the chart was weak or the price was coming back.... I still hold millions of shares that I could have sold for well over $2,000,000 profit.... And yet I still hold them... And for the record, I had to sell a portion of my holding within a given time frame based on my marital separation and or pending divorce at the time... again, some criticize me for making a private transaction for the sale of shares here, I think it's important to note that the person who's making the complaint against me, makes it clear that they sold their shares pretty much the minute the shares cleared, and likely the millions of other shares they proclaimed to me, they held... I sold no shares of CDIV after that transaction I held all I had and added more in support as I could...
GRNO... Again, with the size of my position, I took some off over the course of time as the chart was gaining strength. But, again, I would not sell anything when the chart was showing any kind of weakness… I still to this day personally hold well over a million shares that I could have sold for about $1,000,000 profit… Once again, I believe in the float lock down process and, while many others who will tell you I am the worst of the bottom of the barrel, were making money on their own selling, I can certainly think of several examples, but I will not point fingers or be negative…
PNTV... I believe PNTV to be a very fundamentally sound play and they have some very prominent investors coming in to help them out... PNTV and I had originally intended to work together for long term endeavors such as filming videos on demand relating to day trading and technical analysis... With all that has happened in the last few months, it would seem the best course of action would be to keep that thought process on hold... As a result of that, I returned over 1,500,000 shares to the company to return to the treasury... I still hold a nice chunk there too... I would like to add that, the aforementioned shares were restricted for six months... I kept them in certificate form the entire time I owned them... They were never added to the float... I owned them over a year... Had I deposited and sold them, I would have netted about $750K...
Now for a few more things you don't know.... People think I am wrong to charge for membership to the Den... well, I have spent nearly $200K in the past year and half on web site development.... it would be nice to recoup the costs.... But, when I have heard that folks were having financial troubles… I have routinely gifted them a subscription to help them out…
For the folks that say the chat sessions we have are of no use, well, that's on you, because we have people that swear by it, and If you don't think I can trade, then I invite you to inquire of the people that are in there day in and day out and have heard me call live plays, not, after the fact saying oh I got in there and out there... I mean actual live calls that I was personally playing with live money...
Or perhaps you can ask any of the Den members that I have helped out over the last few years... the very folks that I helped financially, now out there saying negative things about me... Or the many others that I have helped and you have never heard about... As helping others is not about receiving accolades, it's about helping.... Nothing more nothing less.... Or the trip I made to Wisconsin on my dime in the middle of Winter to help out folks that Jacki asked me to visit...
Well... If you have made it this far, there is a little more I would like to add... this endeavor for the past six to seven months or so has taken about 1,500 hours of my personal time and now, well over $300K in costs and volunteers have put in over 2,000 hours to help me out... and it's safe to say that class sizes will not return to pre-event levels... Registration levels are making it a loss for me to travel and hold the classes... I have been teaching some private classes for some folks that have been to the advanced and still want to learn more... Maybe, I'll stick to those as they do not require me to travel...
While I hate to see anyone in a losing position, I would be willing to bet, that I have left behind far more than anyone here... And one way or another we will all get back on track... For anyone that was a member of the Den and moved on, I wish you well and you will not hear me speak badly of you no matter what you may say about me...
