THE LETTER FROM JERRY WILLIAMS:
MESSAGE FROM MONK
Good afternoon all… I know... it’s not Monday but, I feel there are a few things that need to be addressed…
Some of which have already been addressed on the new forum. This email will add a few other items … it will be sort of a question answer session with a few other comments as well.
First... I am not on the board or a beneficial owner of EIGH.
I am not involved in the day to day decisions of their company...I am in process of the merger/combination with them... and when the details are finalized... they will be released.
I will also say that I do have confidence in the company and in the leadership... did they make a mistake... absolutely.
Does one mistake alter the ability to execute a business plan... Nope.
Do I wish I could undo what happened over the last few days.. yes I do... but, I can't.
Do I believe the recent PR that states they will be utilizing a buy-back plan for shares... Absolutely.
Do I feel the audit will reveal even further discrepancies in the share counts..Yep.
Do I think the company buying back shares will have a positive impact on the price... Of course... and if they in fact retire those shares it will continually decrease the trading float.
Will I continue to run Monk's Den as I have? Yes... Monk's Den, at least the business portion of it, is about teaching people to read charts and trade the ETF's and is completely unrelated to any other plays. It is designed to help folks make a day to day income by day trading... we are already making excellent chart calls on the new forum.
Will I be in Boston and Chicago?... YES.
Why have I not been posting on the "other" board? I was advised by legal counsel to not post in public forums as it could give the appearance of me attempting to affect the stock prices.
Why can I post on the new Den? Because that board is an asset of Monk's Den... and, therefore anything posted here by me would be a result of operating my business of Monk's Den.
I would like to add here that a lot of folks have said to me that I teach the Monkinars to make money and that if I really wanted to help people… I would do those for nothing… Well… Monkinars cost a lot of money to hold… And, while Mel, Jason and Chad are great people... they do need to make a living. That being said… Jason and Chad do trade as time allows but, Mel rarely has time to breathe... much less trade. Furthermore... for those that think I do this for money…. You should know that to date, all the people that have registered for a class through PayPal… well… I haven’t received one dime to date…. It has been one hassle after another… and has actually, cost me money thus far. Every paycheck issued to Mel, Chad or Jason... Every hotel room I have booked… every conference room... every airline ticket… every cost associated with the Monkinars has come directly out of my ETF trading profit. Just as an example… The Atlanta class cost approximately $21,000 for me to hold and get the staff there.
Why am I charging for the new forum? Again… the site you see as of now is just a first step while the “real” Den is being built…. And I have already spent tens of thousands of dollars on its construction. The forum you see as of now is by no means the end product…
Chart plays and forum levels…. Chart plays and lessons will be a regular part of the new Den. We will be available… either myself or Chad or Jason to assist with chart reading... and sharing the results of our scans. This will also serve as ongoing support for the lessons you learn in the classes… that is why we have broken it up into levels. We found in the past that as folks posted entries and exits on the ETF’s some were confused in that… the entries and exits were based on different rules they had learned…
Den plays… I have not changed my thoughts on Den plays. Do I think some have recently?… yes. Does it bother me that some have invested more than they can afford?… absolutely. However, I have always told folks to never invest more than they can afford or money they can’t afford to wait for. And in the Monk’s Den information box The SEC blurp about investing is listed…. I would be willing to bet that my cost average on the various plays is likely higher than most…
As far as our plays go… I think it is safe to say that every penny stock player ever is hoping for a short squeeze… we simply gave it a name and talked about how it could happen. I would suggest doing a board search on the various stock forums and noting how many times the phrase or some variation of the phrase about locking down a float or MOASS or “ the MM’s are screwed here, they are short”. I would think you could find one of those variations on just about every penny play ever.. and probably used by some of the folks that are now pointing fingers… I could name several examples… but, I will refrain.
Public stock forums are exactly that…. a place to share thoughts. I certainly haven’t heard any complaints about my calls on some the major winners like CEMJQ or Pilgrim’s Pride or CTIC, ACAS, PNX or any of the other major runners. Nobody will be perfect on every call... Nobody!
On public forums, if you agree with someone then you will likely invest or trade alongside them... if not... then you move on. I could personally, show you hundreds of messages to me from folks who were requesting me to come on to their plays based on those thoughts. I could also show how many times folks asked me to let them “in” on my next play before I called it… I don’t operate that way.
I have been accused of being a promoter… Well... I was at one point and I have shared that in my classes and on the Den. I got out of that line of work very quickly as folks routinely got hurt… and the laws surrounding that type of work are so gray that frankly I didn’t want to take the time to learn them.
I think that earlier experience is one that stuck with me and is the primary reason that I have started focus on a family type of atmosphere. Even with recent turmoil, I believe our family is a close one… and that being said... you count on it that I will be here and help as many as I can along the way. The Den is more than just a few plays… The Den is, as I said… A FAMILY…
Monk We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution