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RCCH .. just a scam.
Asked to uplist to a European exchange?
LOL
Is Eric Linden and employee of LBWR?
he is listed as a director of K-9 Services, but is he an employee of LBWR?
Every year, like clockwork
a new set of "stucks" come up with this incredible damming info about this evil naked short organization, F.A.K.E.
The people who have been around play along, resulting in some incredible entertainment, including the secret FAKE hideaway located in a private Island off the coast of South Africa.
Revenge of the Investor - Floyd Schneider
FINANCE
DECEMBER 16, 2002
http://www.businessweek.com/magazine/content/02_50/b3812109.htm
Revenge of the Investor
Angry shareholders are investigating brokerage fraud, waging proxy fights, and agitating for securities reform
Revenge of the Investor
When he saw the news on the Securities & Exchange Commission Web site, Floyd Schneider couldn't help but gloat. He swiftly contacted his friend and colleague, Richard M. Cocchieri, whose reaction was more subdued: satisfaction and professional pride. There it was, about halfway down the SEC News Digest of Sept. 30, 2002: The SEC was launching a civil enforcement action against 17 defendants, led by a Texas brokerage named Salomon Grey Financial Corp., accusing them of engaging in a pump-and-dump stock swindle.
These were the targets of their investigation--Schneider's and Cocchieri's. This was, as far as they were concerned, their enforcement action.
These two men are investigators--but they don't work for the SEC or the NASD or the FBI. Cocchieri is a dentist, Schneider a mortgage broker. They are in their early forties and live in the northwest suburbs of New York City. They don't hunt corporate wrongdoers to dig up grist for lawsuits or to snag government bounties. It's not about getting money. It's about getting even.
Like thousands of other investors, they became involved in the markets in the late 1990s and were disillusioned, big-time. Usually the story would have ended there, with a deflated portfolio, a pile of unopened brokerage statements, and a vow to stay away from stocks.
With stocks tanking, widespread economic misery, and scandals draining portfolios--$170 billion in direct losses from the eight major corporate and accounting controversies--it's no surprise that investors are fleeing. Some $2.4 billion poured out of equity mutual funds through Aug. 31, vs. net inflows of $43.6 billion of new money in the same period last year. But amid all the frustration, a new dynamic is emerging.
Many investors are taking matters into their own hands. They are fighting back--and winning. It's almost as if the Peter Lynch credo of the bygone bull market has been turned on its head. In his classic 1989 book, One Up on Wall Street, the legendary former Fidelity
Magellan manager preached the virtues of self-help. That spirit is still very much alive today, only now, instead of picking stocks, investors have turned to picking on their adversaries--stock promoters, online investment letters, and brokerages that push questionable stocks. Some, like Schneider, Cocchieri, and dozens of others, are investigating potential miscreants. Others are waging proxy contests and pressing for changes in SEC regulations. And they have turned state regulators around the country into the No. 1 engine of Wall Street reform.
The void at the top of the SEC--and the months of Harvey L. Pitt's widely criticized leadership--is a key reason for all this. Wall Street's own numbers tell the tale. A massive 41% of investors say that "dishonesty" is the main issue facing the securities industry today, vs. 8% a year ago, according to a survey conducted for the November annual meeting of the Securities Industry Assn., the brokerage trade group. And only 26% have much confidence that the Sarbanes-Oxley Act--which created a new accounting board and included other confidence-building measures--will substantially reduce corporate chicanery or accounting fraud.
Amid this meltdown in public confidence, investors are finding ways of compensating for the power vacuum in Washington. Investor-activists, by providing a kind of early warning system against small-stock fraud, offer crucial tips and research to an overburdened SEC in battling a $10 billion-a-year investor rip-off. Reacting to the portfolio losses of the rank and file, labor unions brought 40% of shareholder resolutions during the past year's annual meetings. The AFL-CIO is pushing for rules that would give small investors even more clout.
And if Wall Street thinks New York State Attorney General Eliot Spitzer is its worst nightmare, there are 49 other potential nemeses in the wings. In Utah alone, state regulators have referred 66 securities-fraud cases for criminal prosecution so far this year, vs. 35 during all of 2001. And more states are following suit by beefing up their securities-fraud laws and staffing up on scam-busters.
Even the securities industry's most cherished sacred cow, the arbitration system for settling disputes, is feeling the ferocity of investor wrath. Though the system is widely perceived as unfriendly to investors, their claims against brokers are running 12% higher than 2001's record levels. And a move by California to reduce arbitrator conflicts of interest is unfolding as a challenge for Wall Street's longtime control of the dispute-resolution process. Even before any laws change, some arbitrators are shedding their tendency to give the benefit of the doubt to large firms--as evidenced by a nearly $8 million judgment that was recently won against Merrill Lynch & Co. (MER ) for allegedly failing to execute a sell order. "The pendulum is shifting in favor of the investor," says Jacob Zamansky, a New York securities lawyer who has successfully taken on Merrill.
BusinessWeek has probed the depths of investor activism. The findings are surprising and, in a way, reassuring. If government continues to fall short, investors themselves will step in to do the job.
CITIZEN INVESTIGATORS
Cocchieri, Schneider, and people like them are the purest expression of investor self-help. When their profits turned to losses in the late 1990s, they didn't just give up. They turned the powerful information resources of the Internet against interconnected networks of promoters who use the Net to peddle stocks. The two men--at first "dumb as a rock," as Cocchieri puts it--have built a veritable armory of mostly free Net resources, including Web sites with SEC and other public documents, as well as search engines that mine other search engines. And they use them every single day.
Their research has led to a series of coups. For example, Schneider and Cocchieri honed in on a convicted stock manipulator named Theodore R. Melcher Jr., who pleaded guilty to stock-fraud charges in 1997 in one of the first federal prosecutions of Internet fraud. Melcher ran a Web site that was shut down when he was imprisoned. But after he was released in 1998, the pair found, he had gone back in business, quite legally running an investment Web site and continuing to promote small-cap stocks. Tracking the stocks that Melcher was pushing has led to other stocks and other promoters, information the two men shared with investigators.
The results of the past few months have been gratifying. Only 17 days after the Sept. 30 SEC action--which Salomon Grey, in papers filed with the SEC, has denounced as "frivolous"--the NASD brought action against a firm called National Capital Securities, which was the focus of an extensive investigation by Schneider. The NASD maintained that National Capital provided fraudulent research reports online. The NASD, citing longstanding policy, won't comment on whether information supplied by investors played a role. A person who answered the phone at National Capital's parent company said the securities firm was shutting down and that no one was available to comment.
Other investor activists are using the Internet to exchange information and put pressure on companies. The initial results have been encouraging. In late 2000, shareholders in the Texas-based Luby's Inc. cafeteria chain got organized through Yahoo! Inc. (YHOO ) message boards. As a result, the Committee of Concerned Luby's Shareholders ran its own slate of directors and won a respectable 24% of the vote. The dissidents say they deserve at least part of the credit for the departure of then-CEO Barry J.C. Parker, who they had slammed for failing to boost flagging sales. The committee went on to petition the SEC to make it easier for shareholders to run their own slates of directors. The rule change is pending.
There are limits to this kind of activism. Les Greenberg, a semiretired California lawyer who heads the Luby's committee, notes that staging a full-fledged proxy contest is something few small investors can pull off. It's complex, expensive, and requires professional assistance. Fortunately, help is at hand--from a traditional foe of the investor class.
http://www.businessweek.com/magazine/content/02_50/b3812109.htm
fully agree on this
==============
in a few years Overstock will be bankrupt and Byrne will be gone.
Raging Bull Chat Room Devotees Get Dose of 'Whopper'
Robert Kowalski
11/09/00 - 03:12 PM EST
http://www.thestreet.com/print/story/1165692.html
If anyone needed further proof that Internet bulletin boards attract fools like winged vermin to a Shell No-Pest Strip, Steve Tracy offered it last week when he publicly "confessed" online that he was being paid to bash stocks.
In the week that followed, lots of the gullible folk still apparently didn't realize just how badly they were being had. So badly that Tracy, the originator of the little hoax, was sheepishly wondering if his prank had spiraled out of control.
"In my view, this thing has gotten totally ridiculous," he wrote in an email interview. "While at first I was pleased at the reception it received, I am quite dismayed that so many people would believe what I had thought to be an obvious joke."
The fun began last Wednesday when Tracy, who goes by the Internet alias firebird_1965, posted a tome entitled, "Confessions of a Paid Basher", on Raging Bull.
Blastoff
Tracy posted the purported mea culpa with considerable fanfare, including a message-by-message countdown to its launch.
In the missive, he came clean in gushing prose about what many of the conspiratorial types have suspected for months about the Internet message boards: He claimed he was being paid to bash stocks as part of an orchestrated effort to drive their prices down. He said he worked for a boiler room operation called Franklin Andrews Kramer & Edelstein in Stamford, Conn.
He said he was ashamed and wanted to be able to look himself in the mirror again. "I'm too broken up to continue. I hope this confession can make up for my sordid deeds," he wrote.
OK, that kind of talk usually brings a skeptical smirk to any reporter's face. This is Raging Bull, after all, not the Little Sisters of the Poor. And there were other red flags fluttering around this tale.
There is no listing for Franklin Andrews in the Stamford phone directory. No sign of it in standard corporate records databases either. One clever observer later noticed a pattern in the first initials of each name in the firm when linked together: F-A-K-E.
"Come on, that's as obvious and silly as those acronyms they used in the old 1960s spy movies," Tracy said.
There was also a nearly identical posting of a so-called paid basher confession on another message board site with a different name for the supposed boiler room. Then there was the clincher. At the bottom of Tracy's "confession," well past the signature (for anyone who bothered to continue scrolling), read this innocuous line: "And if you believe this -- lol."
In Internet posting lingo, "lol" is short for "laughing out loud."
Bingo.
But that's the part no one picked up initially when they electronically copied the confession and began posting it all over other message board sites under headings for at least a dozen different stocks.
Those included boards for Urbana(URBA Quote - Cramer on URBA - Stock Picks), Sun Microsystems(SUNW Quote - Cramer on SUNW - Stock Picks), Cyber-Care(CYBR Quote - Cramer on CYBR - Stock Picks) and WaveRider Communications(WAVC Quote - Cramer on WAVC - Stock Picks).
"It put 'bashers' in a whole new light for me" one person wrote in a posting on Raging Bull.
Tracy claims on his Raging Bull profile to be a 35-year old Texas marketing consultant with an MBA who likes "fast cars, faster women." But we know how much to believe about what he says online.
Still, in an email interview, he said: "I would ask that it be made clear ... that I am not a paid basher."
"The truly sad thing is that after learning it was a put on, some of these people still want to believe it was part of some grand conspiracy," he said. "My suggestion to these people is: Don't go to Burger King for a while -- you've already had your share of Whoppers!"
http://www.thestreet.com/tech/internet/1165692.html
I do not know Floyd but there is a whole chapter devoted to him in Gary Wiess's book "Wall street VS America" (good book) He seems like a good guy to me.
Inversely Patrick Byrne is a shady CEO who has run his company into the ground while blaming those who expose his accounting fraud. Just like a scammmy penny CEO, he even defended novastar and other scam companies who cried naked shorting as they scammed the public of their money. Byrne is just a scammy penny CEO who made it big, in a few years Overstock will be bankrupt and Byrne will be gone.
kg, please tell me that you are kidding when you posted this made up story
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_T/threadview?m=te&bn=23748&tid=40186&mid=40186&tof=7&frt=2#0812888826656929576
This was posted on the BRLC board:
You all know me on this board as �The Basher.�
Today I want to come clean about something I feel very badly about. I cannot undo some of the things I have done, but hopefully this message will prevent other such occurrences in the future.
I am a paid basher.
Yes, it is true. Today is my last day at this company; I'm moving on to a new job. I've realized that there are more dignifying jobs out there that can pay me equally as well. But before I go, I want to explain a few things because this just isn't right and I won't feel good about myself until I expose this sham. It's hurt too many people and I don't want it on my conscience anymore. I can no longer live with a lie.
I work for a company called Springfield Global Funds in Stamford, CT. Basically, it's a Boiler Room much like the one in the movie of the same name. The idea behind my group is to bash the price of a company's stock down low enough to where the group of investors who retained our company's services can buy the stock really cheap and perhaps even take it over all together.
What is that goal? Well, I am merely a cog in a much larger machine, so my bosses never really explained the big picture to me, but I'd say essentially, Shaddowwatch2oo3 was right. There are several companies who are quite familiar with Jim Bishop and Janice Shell and who are deathly afraid of them.
There are three types of bashers here at Springfield Global Funds: Advanced, Intermediate and Beginner. An Advanced-level basher (also known as a Silver Tongued Devil) would spread false or misleading information about the company.
They would deal in facts, countering every longs post with articles, news reports and opinion surveys that gave a negative impression about the company.
An Intermediate-level basher (also known as a Serpent) would try to weasel their way into the confidence of longs and create doubt using rumor or innuendo.
Finally, a Beginner-level basher (also known as a Pitchfork) would attempt to create confusion in the room by distracting other posters with satire, name calling and pointless arguments. The idea was to make sure no serious discussion of the stock
could take place. A Pitchfork was usually a basher, but not always.
I was a Serpent basher, because I am known for effective bashing based on solid facts and truth. I was paid a base wage of $18 an hour for my services. I was given a $1.25 bonus for every decent quality post over 100 per day as well as a monthly bonus of $100 for every penny the stock had dropped from the previous month. I was also paid a bonus for bashing on weekends. While this may not sound like much, I made a decent, though dishonorable, paycheck plus a nice Laptop with free wireless internet connection. Now you know why I bash all the time.
I've worked on OSTK, OVTI, DNDN, CRWN for a few months now. In addition to the tonybalokey alias, I've used a few others on several other boards as well. I've used so many aliases that I can not remember the monikers or the passwords. I honestly lost track of everything. I stuck with tonybalokey because it was the one that got the most play from you guys.
In closing, I feel absolutely terrible about this. It's just awful how I've been part of a scam designed to cheat honest, hard-working people out of their investments all for the
benefit of a few wealthy people who already have enough money to last a lifetime.
These greedy people MUST be stopped. That's why I'm posting this before I leave.
I hope this confession can make up for my sordid deeds; I would urge everyone who reads this to inform as many people as you can. Only by shining the light of truth can we drive these rats back into the darkness from whence they came. Believe me, they don't want publicity.
Good luck and I hope all of you the best in your investment endeavors.
Those who become the most ardent "True Believers" are those who usually don't take the time to do the even most basic checks on what they 'invest' in.
"There exists in society a very special class of persons that I have always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the fanatics and the frauds of any given age. No amount of evidence, no matter how strong, will bring them any enlightenment. They are the sheep who beg to be fleeced and butchered, and who will battle fiercely to preserve their right to be victimized."
-- James Randi
Oh I AGREE THE STOCK CAN RUN, but just don't care for thier tactics. Blatantly obvious to thier agenda.
Exactly. What you posted was just one guy's rant.
He admits everything was his opinion only.
I'd tell you mine, but who'd care? lol
I WONT MENTION ANY NAMES BUT THE STOCK STILL COULD RUN--THERE ARE A FEW PEEPS ON THE BOARED -- LETS JUST KEEP IT AT THAT--- BUT THERE DOING THE SAME ON THE RCCH BOARED--
tadaaa, again, please show us example of paid message board bashers - real examples, not just articles that say paid message board bashers exist:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35436140
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35436210
paid bashers -- will hide a little better --- and have more outlets to disguise there dump and reverse pump
you have a list of paid pumpers there seems to be plenty of them also here on I-hub. jmo
Every single Paid Promoter has there own version of the "professional Basher" story.
It's crap and used on messege boards while they pump the stock and sell there free trading shares.
Laraz
Neat and Tidy article...
http://messageboardfools.com/bashers.htm
Deep Capture....here is a link....
http://www.deepcapture.com/paid-bashers-cracking-the-code/
lol, don't you wish...
sure would be easy dough, getting a job as a paid basher.
sorry Tadaaa, but I can't find any actual examples of paid bashers in your link.
can you please provide the details of the actual paid bashers that you claimed existed?
thanks
Yup.....disclaimer....I have one to...always IMO Opinion.
Did you see this at the end?
Remember this is just my personal opinion. Check with a licensed financial professional on all matters of the stock market.
Labwires revenues are not keeping up with Dexter's predictions.
Why would yours be better?
That wasn't the question.
The question concerned by Labwire has been so "sneaky" in some of its dealings.
Hi worm......here is an intro.....more data to follow....
http://www.otclive.com/pump.htm
Yes, I've see plenty of verifiable proof behind the Promotional Con Artists, but I have yet to find anything that would verify one's purpose of Bashing for Hire...lol
I think most bash for personal reasons, having been screwed over by the inept company and its less than forthright officials...lol
thanks Tadaaa,
now
can you please show us a few examples of this and with the proof to prove your point?
thanks
=============
Posted by: Tadaaa Date: Saturday, February 07, 2009 9:00:52 PM
In reply to: Robsct who wrote msg# 1551 Post # of 1553
Yes, thank you, absolutely, In many cases there are Paid bashers of the stock for either shorting or accumulation purposes...among others....
please show us the link with your proof of the particular paid bashers
==========
Posted by: Robsct Date: Saturday, February 07, 2009 8:56:24 PM
In reply to: Tadaaa who wrote msg# 1550 Post # of 1551
What about paid bashers? Are their paid bashers and should we be aware of them? They try and depress a companies pps thus inhibiting their ability to grow and thus compete with their competitors. The competitors hire internet bashers to damage their competition. Do you think this happens and should we be suspicious of all posters, pro and con? In other words, do our own DD.
Yes, thank you, absolutely, In many cases there are Paid bashers of the stock for either shorting or accumulation purposes...among others....
What about paid bashers? Are their paid bashers and should we be aware of them? They try and depress a companies pps thus inhibiting their ability to grow and thus compete with their competitors. The competitors hire internet bashers to damage their competition. Do you think this happens and should we be suspicious of all posters, pro and con? In other words, do our own DD.
Watch out for Mods or those posters who may work for organizations (ie: ceocast)...paid to post ?
Of course it has been shown that the LBWR CEO stated that all K-9 revenues is included in the LBWR Income Statement even though LBWR owns ZERO percent of the private K-9 company
=========
Posted by: Robsct Date: Saturday, February 07, 2009 8:29:58 PM
In reply to: the_worm06 who wrote msg# 1545 Post # of 1548
It's not ever been shown that he said that. And certainly it's not true because that would have been corrected by the auditors IF that ever happened, which it never did.
congratulations Robsct, it seems that you are now famous
good luck
It's not ever been shown that he said that. And certainly it's not true because that would have been corrected by the auditors IF that ever happened, which it never did.
Are you now editing my posts and putting words in my mouth?
what part of the LBWR CEO saying that all of the K-9 revenues are booked into the LBWR Income Statement is "made up and twisted"?
===========
Posted by: Robsct Date: Saturday, February 07, 2009 7:51:11 PM
In reply to: EarnestDD who wrote msg# 1538 Post # of 1544
That stuff is all made up and twisted. It's not even true.
yep, Labwire is not sneaky and dishonest:
LBWR - The Deceptive Ways of a Scam Company - the Security Services business
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35251368
================
Posted by: Robsct Date: Saturday, February 07, 2009 8:01:43 PM
In reply to: EarnestDD who wrote msg# 1542 Post # of 1543
It's not Labwire that is sneaky and dishonest.
I can easily prove Labwire's revenue and contracts and that's been proven over and over!
Tsk tsk.
As I said ... it is easy to make assertions.
Sometimes it is more difficult to back them up.
and that is why Labwire is deemed by many to be "sneaky".
GLTY
I would be wasting my time. Labwire does over a million $$$ a quarter on average! And soon that will double and double again!
Easy to say something is not true.
Care to post a link proving same?
That stuff is all made up and twisted. It's not even true.
Even after Audits?
Wow ... that is definitely WRONG accounting and very SNEAKY.
Much More than VERY Sneaky.
and it was reported recently by someone who talked to the LBWR CEO that LBWR still includes all of the K-9 revenues as revenues in its Income Statement
believe it or not, I am not sure that the 105% of the K-9 revenue that LBWR was booking on its Income Statement was ever changed. If you look at the pinksheets and SEC filings, you will see that LBWR still carries 105% of the K-9 revenues, instead of just 5%.
and it was reported recently by someone who talked to the LBWR CEO that LBWR still includes all of the K-9 revenues as revenues in its Income Statement
Has anyone fully quantified the income that Labwire was reporting from the K9 business that had to be "Reversed" in its "restated financials"?
yep, particularly when it comes to "related party" dealings, such as the K-9 business
======
Labwire seems to have a "sneaky pattern" to its dealings imo.
Labwire seems to have a "sneaky pattern" to its dealings imo.
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This Forum is to discuss events/ceos/cfos/directors/companies/etc etc that May Be or Have been scammers.
THIS IS AN OPEN DISCUSSION. PLEASE FOLLOW THE TOU rules. THERE WILL BE MINIMAL MODERATOR OVERSEE/DELETIONS
CERTAIN MODS ON CERTAIN STOCK BOARDS REFUSE TO LET THE TRUTH COME OUT, FEEL FREE TO DISCUSS THINGS YOU COULDNT ON YOUR RESPECTIVE STOCK BOARDS
Scam stock Characteristics Could Be:
1. A Company Loaded with CD's to Preferreds.
2. A Company Loaded with CD's to YA and Company.
3. A CEO that leaves BAG HOLDERS of their Common Stock, Knowingly or By a Plan.
4. A CEO who issues False and Misleading Statements in PR's or public statements.
5. A CEO who issues False and Misleading Shareholder Updates.
6. A CEO who Carries over from Shell to Shell, Past CD's.
7. A CEO who Indirectly Pumps, Dilutes then Shorts his Company.
8. Certain MODs.
9. A CEO that threatens to sue message board posters that ask Legitimate Questions.
10. A CEO that fails to identify that it Funds, or does Business with Companies with which the CEO or other Officers/Directors of the Company have Ownership.
11. A CEO that issues False and Misleading Financials Statements publicly, in PR's, in pinksheets.com or in SEC filings.
12. A CEO that goes missing
13. A company that does not return calls or emails
14. A CEO that brings other scam CEOs on board as their COO or director
PLEASE (IF APPLICABLE) INCLUDE LINKS TO ARTICLES/FILINGS/ETC ETC
POTENTIAL SCAMS Identified by Posters
Do Your DD !!:
Word of Warning:
THE SCAMS BOARD HAS BEEN CLOSED FOR A WEEK.
PLEASE DO NOT ATTACK OTHER USERS!!!!!!!!!!!!!!!!!
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