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I'm surprised anyone would pay for Belfort's story. The project's already been done.
Boiler Room, with Vin Diesel, was based loosely on Stratton Oakmont.
I think I'd wanna know who got the 10 million shares for a dime apiece before I put any money into it.
Then again, these reverse mergers always make me itch.
Not only did he own up to being a Stratton Oakmont associate, which completely blew me away, but he was actually PROUD of it.
And as if that wasn't enough, when the Stratton Oakmont circus folded up their tent and left town, Darren went on to become a sub-prime mortgage originator.
He was a real prize.
Bud's a hoot, but he doesn't hold a candle to Mark Faulk's other good friend, Darren Saunders.
That dude was completely off the reservation.
Golf courses and cemeteries are the biggest waste of prime real estate.
It's a very unimaginative pose. I think da Vinci should have painted her at a ritzy, 16th century night club. Or maybe playing a game of Twister or something.
Well that fax campaign certainly gave them a rich list of potential bag-holders.
I half expect to see TOGI reverse merged into an old pinksheet shell. If they tried such a thing, well, you know how that song always ends.
It's possible he lied about them. It's also possible that he's just really stupid.
There's two different asswipes whose names are close in spelling. The CFRN asswipe's name is spelled "Faulk".
That he would close all of that with the nonsense "the bashers were half right and half wrong" demonstrates that he is either a crook or really, REALLY stupid. Like many stock promoters, it's probably a little bit of both.
The "bashers" had it right the whole time.
Rod Young is still held in high esteem in some quarters. (Quarters, of course, where the occupants can't read a 10-Q or a 10-K.)
For that matter, when it comes to integrity, I don't see a great deal of difference between Fizzle and Young.
If the company's attorney is having discussions with Rod Young, then you seriously need to question the integrity of your company's attorney.
Who do you think's renting him the rock?
Do you have ANY idea how many rocks are out there to turn over?
Probably turn out to be something like this:
http://doraj.com/wp-images/2005/08/i-fuck-on-the-first-date.jpg
Gotta shoot 'em fer you kin eat'em.
Sorry to hear about that. Hope everything's going to be alright for you.
As far as baseball fixes go, regardless of who your favorite team might be, last night gave us two pretty exciting games.
Is it me or did Jacobs Field look like a scene out of Ethiopia tonight?
Maybe someone needs to toss Jon Kitna a glove.
Don't know. Don't care. He can live in his own private Idaho if he so wishes.
No worries, Cupcake. ;)
Poor thing? Because a dick-head at 66 was feeling his oats? I hardly consider the loss to be mine.
Universal Express had sued Ronald G. Williams, Walter S. Kolker, and the company they ran, Select Capital. By the time Universal Express sued, Select Capital was insolvent. Williams and Kolker were in jail. Williams was released in 2002. Kolker was out in 2000, but as a penniless ex-con, he was in no position to defend the lawsuit much less pay any kind of a judgment.
Here is where you can find the REAL story about Eagletech:
http://www.sec.gov/Archives/edgar/data/1101934/000078873802000040/eagle10qsb.txt
You will note that for the ENTIRE time the company was in existence that Rod Young's "valuable" technology garnered all of $3,009 in gross sales.
But the technology was nascent, the scammers will say.
So look at their operating expenditures and think about how a development stage company with new technology should be behaving. During their brief time in existence, Eagletech had a total operating budget of $16 million. Of that $16 million, over $15.5 million was wasted on general and administrative expenses.
A grand sum of $313 thousand was spent on R&D.
What's more, if you sift through this 10-K...
http://www.sec.gov/Archives/edgar/data/1101934/000089322000000789/e10ksb.txt
... you will find that Rod Young got himself a nice $2 million stock bonus for the fiscal year 2000.
At the end of their fiscal year 2000, Eagletech's gross sales were $0.
The gist of the Eagletech lawsuit is that they were a pump'n'dump scam, that they recognize they were a pump'n'dump scam, but that they want the defendants to give them an amount of money determined by the value of their stock when it was at the zenith of their pump'n'dump scam. If there is a silver lining to the Eagletech story, it is that their stock was revoked some time ago and that Young won't be able to use any bogus judgment that may arise from their junk lawsuit as a tool to rip off naive investors the way that Altomare did.
Yo nuffy...
Got your last message on 66. And, once again tec1958, who is an absolute and complete asswipe, has disabled my account there again.
Go figure. Scratch the surface just a little bit and you'll see how hypocritical some of these CMKM Diamonds cretins can be... even on 66.
To answer your RICO question about Eagletech & Rod Young, I think you need to keep in mind that big "judgment" USXP won against their "naked short sellers". It was won by default. Eagletech's suit is completely without merit and most of the defendants will manage to get themselves removed from the complaint. However, there are a number of the defendants named who probably have no means to defend themselves against that suit.
Eagletech was nothing more than a massive pump'n'dump. And a number of the named defendants in that suit have already been called to the carpet by the SEC. I don't know if any of them are incarcerated or not. (You will recall that the USXP judgment was against two principals of a defunct financing company that were in jail.)
So perhaps Eagletech will be lucky enough to get themselves a default judgment against impoverished parties who don't bother to defend the suit.
What kind of a win is that?
Arch? Maybe he thinks you're, like, a French Frie or something?
(Don't worry. I'll keep the "cupcake" thing a secret.)
Ooops... Guess that ain't a secret now.
Yeah, he's a known quantity alright. You're right, he lost his mind a long time ago.
However, it still caught me off guard that he was silly enough to admit to being owed money by Universal Express for, what did he call it, "litigation support"?
That was something he probably should have kept to himself.
They did appoint a receiver. Her name's Jane Moscowitz.
And upon her appointment, Butthead Burrell lost his mind.
What makes you think you'd ever get a chance to touch anything Fizzle might recover?
I wouldn't call it a "Mexican Standoff", Forrest.
It looks a lot more like an India Rope Burn to me.
Either way, you're left with nothing but scar tissue.
That, and I don't know of another scam that's had cretins like Faulk, Fizzle, West, et al, standing at the ready to take yet another bite out of these gulliblers.
CMKM Diamonds isn't on the OTCBB any more, Forrest. In fact, they never were. They're not even a pinkie now.
Their potential value as a shell evaporated the day their registration was revoked.
I expected there to be stragglers like Forrest who would continue to cling to these nonsensical stories.
But I never expected there to be so many of them nor did I think they would continue their antics for another two years.
Short of having that certificate for 45 million shares of Entourage, CMKM Diamonds IS dead.
And when Fizzle is done, you won't even have that.
Nobody reverse merges into a shell where the stock's been revoked, Forrest. At the very least, they have to have a pinkie listing in order to attract a new batch of scammers.
This company is never going to trade again. Anyone who tells you otherwise is completely yanking your chain.
Yeah, people like Pat can always count on people like you to put their hard-earned money into garbage shares like Overstock's.
And then you'll gripe when I end up with your money.
Check out the 10-Q that comes out for the second quarter and you'll...
Oh, wait... you don't read those things, do you?
Never mind.
I'm glad you find the numbers entertaining.
I find them pretty entertaining, too. Then again, I've been in and out of their puts since they were in the mid-30's...
Overstock's growth story is over. It's been over for close to a year now. They've started to scale back, but they're still stuck with overhead expenses that don't fit an outfit with $800 million in revenues and margins in the mid teens.
Byrne had hoped to build an outfit with $2 billion in gross revenues. That's just not going to happen. Now his shareholders get to bear the burden of his failure.
Their Y/Y has been sharply negative going back to 4Q2006. They're not growing. They've stagnated. Badly.
You weren't aware of that, were you?
That's what happens when gulliblers listen to BS'ing managements without doing some due diligence of their own. They get mislead and then, after they've put their money into these garbage stocks, they get clobbered.
No rebuttal to who's ultimately responsible for Overstock's $100+ million in losses last year, eh?
No surprise.
If the lawsuit was anything but frivolous, Byrne and friends wouldn't have made such a big to-do over Munter letting the case proceed. They jurisdiction shopped before they filed and found themselves a lawyer-friendly judge in a backwards-assed district. No one should be surprised that Munter let this thing go forward; he's a moron.
With all the commotion they've made, you'd think they actually won something. They haven't. And they won't.
It wasn't rifled by Pat? Is that so?
Then by whom?
And of course they wanted the case thrown out. No defendant ever wants to waste unnecessary time or legal expenses on a frivolous lawsuit.