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I'm above you bop so that's not it
Ranking Alias Score
1 IH Admin (Matt) 200
2 jenna 128
3 Bernard Ng 123
4 Muell 97
5 Archangel 94
6 Tinroad 93
7 i_like_bb_stock 92
8 Francois+Goelo 87
9 xxrayeyes 68
10 Bob Zumbrunnen 68
11 JXM 67
12 Poet 66
13 excel 64
14 mmayr 58
15 jmhollen 55
16 Joemoney 53
17 Carolyn 53
18 ToshacH 50
19 Patsy 48
20 MMMARY 48
21 ezcomngo2 47
22 cksla 46
23 Bird of Prey 44
24 WillyWizard.com 43
25 cOUSIN SHORTY 43
26 premier1 37
27 NorthWesterner 37
28 Plato 36
29 bahhumbug1 36
30 mr.mark 32
31 ONEBGG 31
32 broderick_s 30
33 sarals 29
34 SSP 29
35 pengy 29
36 myDDdotcom 28
37 Art2Gecko 26
38 BuzzOnDaBeach 25
39 Quahog 24
40 marcos 24
41 poorboy 22
42 KOIKAZE 22
43 greg s 21
44 timhyma 21
45 ChrisJP 20
46 thepennyking 20
47 LGJ 20
48 Corran Horn 20
49 Tin-Berrygood 20
50 RunninAmuck 19
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Just say NO to stock fraud!
klook posted taht I was permanently suspended
I am not and he knows it.
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npct is doing the intercell scam again
IFFF they had a real product, they'd have a contract. THEY HAVE NO CONTRACTS, NO REAL INCOME, NO PROFITS. I don't know why they state they are now in production when no one has ordered any.
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I said that I like being proven right AND
saving investors. It's in my post. I don't need a gold star on my refrigerator.
I can't research every single scam out there. Do note that I stated that ppd had funny books then the SEC made them restate. I also think HDI is getting funny books as well the last few quarters and I hold HDI long.
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I am on RB!
kloock posted that my user name adn all posts were deleted. No they weren't. He said RB told him I was permanently suspended and they are suing me. No they aren't. He's a total liar. I will be back in 5 days.
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All I care about is my calls being right
about stock scams and protecting and informing investors. I don't care about stars on my refrigerator. Track record is what matters to me. I also don't care about popularity or I'd be a brown nose like some people here "great post!" "Thanks for the dd!!!" "I love this stock!" I may not be everyone's cup of tea personally and that is fine by me. I don't want unethical stock promoters and hypesters to like me and I don't like them. The only good thing about the $ system on RB is that it shows who the pro's are, the 5 star generals. I would be very wary of posters with 5$.
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I think entire recommend/mark system is stupid
It takes up bandwidth, wastes more of matt's time, causes more issues to arise, is open to manipulation as a certain poster is showing, is misleading to newbies and it really means nothing. If there are people here who really want the mark system, maybe they should just put a gold star on their refrigerator if it'll make them feel better about themselves. I really think the content is what matters. If a newbie comes along, he just has to read a few posts to realize who makes informative posts and who does not. He can mentally mark the posters he likes just as he can mentally ignore others. That's what I do on yahoo and RB.
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OT: I am suspended on RB for the moment
I am still fighting this suspension as they have no proof of their accusations. I believe that willy and kloock signed up for a bunch of names and used my email addresses to make it seem that I have more than one account when I don't. RB and I have exchanged four emails so far. At worst I am suspended for a few more days. At best I'll be back sooner.
Because of this situation I have had to report all the abusers of the $ system, namely willy, kloock...and the other promoters of npct as well. I hope that RB deals with this situation nondiscriminatorily. Right now they are just listening to the ones who whine the most, namely willy and kloock.
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All my calls were right on
ezr, umcc, tmot, bigx, afv, astn and soon npct. You guys are just hyping it up. umcc went up when I was posting the truth. Then the truth came out through the SEC reports and they dumped to where I said they should be. Patience, willy.
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npct has no contracts, no real revenue, no profits
they just talk about a lot of big companies and the industry in general but are not doing anything. I still believe they are a scam. If they were real, they would have been able to get a regular loan, paul would not be the ceo, they would have a contract and they wouldn't have given you and others shares to hype them.
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current price is very artificial
it is based on fluff news. I also believe that paul is doing his same stock scam again, i.e. spinning assets of one company into another. He did the exact same thing to Intercell shareholders. They lost a lot of money.
willy, I htink you are in personal contact with the ceo paul. You became bullish talking about insider knowledge right before the PR where he states he's going into production. Please comment on this. Did he tell you ahead of time about the upcoming PR? Someone posted an email on RB to this effect.
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joemoney been working hard on member marks
how many user names do you have here joe? this is a serious question. Please answer.
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I shouldn't have posted the
please member mark link here. All the hypesters from here are now on lostmony board trying to get marks. Sheeeeeeesh. RB symbol LOSTMONY There are other boards that do ignores which I will not be posting.
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OT: show me the email willy
you are the one who brought it up. You also said on RB that they are going to come after me legally. kloock also said my profile is not visible. Are you answering for him?
I believe you will start really working it now because the exit strategy is clear now.
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Member marks and recommends are a bad idea
They are super easy to manipulate. They also confuse newbies. There's a nice guy on RB who stated that he invested because the ones saying "buy" all have five $. Obviously they are professional promoters. The honest negative posters lost all their $ because of all the ignores by the promoters in their many, many user names.
Con men go here to get member marks. RB even has a board for it!
http://finance.lycos.com/home/lookup.asp?symbols=lostmony&option=m
There are more boards off RB besides email newsletters which say, for example, "click here to recommend the Wizard."
Some "ignore" boards will soon start cropping up also.
The system is too easy to manipulate, it confuses newbies and content is much more important that $.
The recommend feature of yahoo doesn't work that well. Sometimes people recommend posts with good dd but as it's so easy to get yahoo user names, one guy can just recommend himself in all his user names and people will read the post and it'll just be something like "Mary sucks!" or a silly joke.
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Kingsway is a holding company
out of British Virgin Islands and Canada, same place TK is out of. I believe this may be a boiler room controlled by TK. There is only one director and he is canadian. Their SEC doc states that they may sell the shares. I believe they are hyping it somewhere and this is the reason for it being up for the time being.
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OT: I'm still on RB
kloock just has me on ignore. http://ragingbull.lycos.com/mboard/memalias.cgi?member=MMMARY
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This is NPCT's future
This is the fourth time Paul has spun the assets out of a company to avoid lawsuits only to leave the shareholders holding the bag.
By: Lngtrminv $$$
Reply To: 19 by Tony+Flagg $ Monday, 20 Jul 1998 at 1:20 PM EDT
Post # of 10916
Tony....no, I dodged that bullet, but I think I know what you're going to say next if you're a former Modern Ind. investor.
What is happening with NPCT/INCE right now has already happened twice before, yet the new zealots don't seem to want to look at past evidence that may very well predict their future. We've already walked in their shoes, and already heard the exact same pitch they're hearing and believing, as we speak. (absolutely no difference in the rhetoric...absolutely none)
Greywolf - I think you're right on when you use the phrase "hero worshiper". What most new investors aren't willing to see is that Paul Metzinger has been an integral part of each rendition of the current scenerio. He is as accountable for the number of outstanding shares of INCE (which supposedly is the justification of stripping INCE of its assets in favor of a company owned by he and his wife)as anyone. After all, he is the securities attorney who was responsible for structuring the INCE discounted convertible Series B and Series C preferred share offers that created this nightmare.
And by the way, how the heck did INCE get to 60 million shares outstanding, when at last count it was closer to 40 (at the most). Paul and Kristi have been saying for months that INCE's outstanding sharecount would never exceed 40 million ("not to worry", they said.)
And for anyone who says, "call Paul, and you'll surely get your answers". It's pretty presumptuous, and naive, to think that most long standing INCE shareholder haven't already done that in spades. I've spoken with Paul over two dozen times, and I've met with him (and Gil) face to face. I don't see what many others appear to see, and frankly I see a major disconnect between words and actions taken or not taken).
We're all entitled to our opinions and here is mine: It's about as likely for Paul Metzinger to become president of the United States as it is for him to do what is necessary to truly benefit INCE shareholders. First things first, he should have already named a date for spinning off shares of NPCT to all INCE shareholders of record when SUNY became NPCT. If he wants to abandone the INCE shell...so be it, but he should give all former INCE shareholder (of record when SUNY became NPCT) the stake in the game that they deserve.....then blow up INCE.
With that said, I can't tell you how many times Paul said, "we're going to make INCE a truly operational company".... "you mark my words", "it's going to happen". And I fell for it....
I have to agree with Greywolf, I doubt very seriously that INCE shareholders will ever get the additional 7.2 million shares of NPCT through the 100 warrants issued in the asset swap. And I don't understand either how INCE can be selling at such a discount given its 70% ownership position of an asset (PI Tech) that everyone, especially Gil, seems to believe has such potential (multi-billion? dollar potential?). Even if INCE had 60 million shares out, it should be one of the most sought after stocks on the OTC:BBs if NPCT is able to implement their business plan.
I agree with Greywolf again when he/she says, it's pretty obvious that the market doesn't believe Paul Metzinger will ever do what is "right" by INCE shareholders. The market is saying, "some how, someway, INCE is going to get taken advantage of ...... again". It's pretty apparent through his actions, not his words, that he (Paul) really could care less than he does about INCE, and the shareholder who bought into the same stories the current NPCT shareholders are buying into right now. (Just another example....he never wrote the letter to INCE shareholders, which he personally told me he would write, explaining why INCE was stripped of every last asset, and what the plan is for rebuilding the lost shareholder value that INCE shareholders have seen disappear...Oh, and a letter posted on Raging Bull, 2nd hand by KKM, doesn't equate to a letter to all INCE shareholders...not even close)
Before is was Lou Ross that brought credibility to the picture....now it's Gil Olachea. No, slam on Gil (his credentials speak highly of his abilities).... but the formula of the story is much the same as we've heard several times before. And for the life of me I can't figure out why Gil is still around (being that he appears to a man of integrity), except for the fact that he was recently given enough NPCT stock to become a millionaire if the company can last long enough to cash in his newly minted stock options. (I think Gil has turned a blind eye to the reality of what has happened to INCE - how else can a man with such apparent integrity be a part of this mess?)
Most INCE shareholder have sold out already, much to Paul's glee...but there are still those of us out here that will no doubt hold him accountable for his part in the play if he continues to fail in his responsibilities to ALL of his shareholders..... Keep in mind, INCE still controls NPCT, not the other way around, and Paul is still in charge of INCE, and has been since the stock price fell from $1.50 to it's current price of less than $0.08/share.
Nice track record Paul. INCE is truly operational, just as you promised.
One thing this whole mess has taught me is to "watch their feet not their lips". A lesson I learned, and obviously temporarily forgot, from playing football as a kid.....but to my defense...Paul is "so believable; very charismatic." You want to believe him, because if he's right....you're going to make a ton of money!
http://ragingbull.lycos.com/mboard/boards.cgi?board=INCE&read=20
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OT: Begging for $
There is actually a board there where you go to get your $$$$$. If that's not manipulation, I don't know what is.
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New SI free membership?
I tossed my cookies today and saw this as I went to sign back into SI. Is this new? You can sign up for free to view and manage portfolios but you have to pay to post. There are ways around paying though if you get a trade account.
Sign me up for my RISK-FREE 30-Day Trial Membership. I'll pay $59.95 for six months of membership. However, if I am not completely satisfied, I can cancel my membership within the first 30 days of my membership to receive a full refund.
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Just say NO to stock fraud!
8K filed, doing the Intercell switcharoo
just as predicted. They are taking assets and putting them in another division. Later I bet they will say they must spin off new division to get away from tK and louis lawsuit.
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ITEM 1 ACQUISITION OR DISPOSITION OF ASSETS
On January 1, 2002, NanoPierce Technologies, Inc. ("Registrant") by virtue of an Asset Purchase Agreement acquired the outstanding equity of NanoPierce Connection Systems, Inc. (NanoPierce Connection), a Nevada corporation.
In exchange for 1,000 common shares of NanoPierce Connection, the Registrant has sold to NanoPierce Connection the assets of the Registrant's Technology Group. Such assets include, among other things, the office equipment, lab equipment, production equipment and prototypes which were valued at $454,716, which represents the value that such assets were carried at on the financial statements of the Registrant.
NanoPierce Connection is a wholly owned subsidiary of the Registrant and will be responsible for the continuing development of Registrant's technology, NanoPierce Connection System (NCS) and further applications of the technology. NanoPierce Connection has a license from Registrant to use Registrant's intellectual property for the conduct of its business activities.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 14, 2002 NANOPIERCE TECHNOLOGIES, INC.
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/s/ Paul H. Metzinger
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Paul H. Metzinger, President &
Chief Executive Officer
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Just say NO to stock fraud!
They have no contracts
so why are they starting production? They are just looking for some news to pop the stock. Notice also that they are separating the new division completely and putting Neuhaus at the helm. This is how npct started, they spun off the "valuable" part of Intercell. They will probably have this division bought out then leave npct shareholders holding the worthless bad like they did with Intercell shareholders.
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Just say NO to stock fraud!
NanoPierce Technologies to Commence WaferPierce Production
DENVER--(BUSINESS WIRE)--Jan. 15, 2002--NanoPierce Technologies, Inc. (OTCBB:NPCT - news) today announced commencement of WaferPierce(TM) production and a new operational organization.
Dr. Herbert J. Neuhaus has been appointed President and Chief Executive Officer of the newly formed, wholly owned subsidiary NanoPierce Connection Systems, Inc.
NanoPierce Connections Systems, Inc., has been chartered to undertake high-volume-production WaferPierce(TM), a revolutionary and enabling semiconductor wafer treatment for ultra-low-cost flip-chip without the necessity of wire bonding, conductive adhesives, or soldering. Typical end-use applications of WaferPierce(TM) include Smart Labels, Smart Cards, and LED arrays. The new subsidiary has taken over all operations and business activities conducted in the Colorado Springs facility effective January 1, 2002. In addition to WaferPierce(TM) production, NanoPierce Connection Systems will be responsible for licensing and new applications of other NanoPierce technologies to add value to electronic components.
The strategic operational change was prompted by, among other factors, the completion and operational readiness of the Class 1000 WaferPierce(TM) production cleanroom in Colorado Springs and the recently announced plan to commence production of smart inlays in NanoPierce's German subsidiary NanoPierce Card Technologies, GmbH (press release dated January 14, 2002).
Mr. Metzinger commented: ``WaferPierce(TM) directly addresses the needs of the flip-chip market segment of the semiconductor market. Over the next five years, Prismark Partners forecasts that the flip-chip market will grow at 45% annually, far faster than the overall industry. Specifically, the market for wafer treatment for flip-chip, currently at just over 4 million wafers per year, will skyrocket to 24 million wafers per year. Moreover, WaferPierce(TM) offers unique advantages to most rapidly growing segments of the flip-chip market. For example, industry leaders have told us that Smart Labels, which are forecast to grow at 122% annually, cannot be produced cost effectively with any other technology.''
``I am very proud to take the helm of this new enterprise,'' declared Dr. Neuhaus. ``To me it represents the realization of a vision Paul Metzinger and I developed several years ago. Paul and I then laid the foundation, and together our entire team has persevered since. Today the vision remains unchanged and is finally in reach: to transform the entire electronics industry; to make NanoPierce the new industry standard for flip-chip.''
Dr. Neuhaus is an expert in materials for semiconductors and electronics packaging. Since 1980, Dr. Neuhaus has been active in the development and characterization of electronic materials and associated manufacturing. Dr. Neuhaus received his Ph.D. degree in Physics from the Massachusetts Institute of Technology. Dr. Neuhaus is associated with numerous professional groups and is the current Materials Subcommittee chair of the National Technical Committee of the International Microelectronics and Packaging Society (IMAPS).
Paul H. Metzinger, President and Chief Executive Officer, said: ``The new structure will more closely align organizational reality to actual operations, which we believe will enhance the successful execution of our Strategic Plan. I have the highest level of confidence that with the increased accountability and responsibility Dr. Neuhaus has assumed, he and his team will exceed their already impressive levels of performance.''
About NanoPierce Technologies, Inc.
NanoPierce Technologies, Inc. of Denver, Colorado, USA, is traded on the Nasdaq stock market (OTCBB:NPCT - news) as well as on the Frankfurt and Hamburg (OTC:NPI - news) stock exchanges. In addition to the 12 patents it owns, NanoPierce has numerous applications pending, others in preparation, and various other intellectual properties related to NanoPierce's proprietary NCS (NanoPierce Connection System). This advanced system is designed to provide significant improvement over conventional electrical and mechanical interconnection methods for high-density circuit boards, components, sockets, connectors, semiconductor packaging and electronic systems.
For more information on NanoPierce Technologies, Inc., please visit this web site: www.nanopierce.com.
This announcement contains forward-looking statements about NanoPierce Technologies, Inc. that may involve risks and uncertainties. Important factors relating to the company's operations could cause actual results to differ materially from those in forward-looking statements and are further detailed in filings with the Securities and Exchange Commission available at the SEC website (http://www.sec.gov). All forward-looking statements are based on information available to NanoPierce Technologies, Inc. on the date hereof, and NanoPierce Technologies, Inc. assumes no obligation to update such statemen
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Just say NO to stock fraud!
Joe: Rich McBride is dead,
and he almost has the same amount of member marks.
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Just say NO to stock fraud!
OT: You have no email
just like you saying that raging bull said they will prosecute me in a court of law for my illegal acts. You are the one manipulating the member mark/ignore system. I see you begging for marks and ignores for others. tsk tsk.
If npct had anything of value, they would not have done the toxic funding. They could have gotten a real loan. How come no real revenue, no contracts, no profits either? You have shares you need to sell. Of course you'll hype them.
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Just say NO to stock fraud!
OT: If it's a nice letter
and not just something you made up, why don't you post it?
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OT: user willywizard on RB is only one with any $
He's the only one with any $ on npct. He also was the last to lose them as bbarett noted. Wonder who did hacked them away? The one who whined the most? Just a comment and a question.
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RB hasn't contacted me for hacking
you are delusional. You are the one who manipulates the $$$ over there. You beg people to mark you, barrett even fessed up to this. You go to special boards to get marked. I have found them. I too used to have $$$$$ if you remember. Why would I hack away my own $?
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Excuse me, Matt?
Can we violate the TOS on private boards like this? If I make a private board, can I attack people, use obscenities, post everyone's personal information...? Just asking.
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will it be the bottom?
what if it goes to zero? will .08 be the bottom?
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IFFFFF someone bought astn at BOTTTTTTTTOM
then sold today, they would have done okay. If you pick the top and bottom on any stock, you would also do okay. The truth of the matter is that no one picks the exact top and bottom in reality, only in 20/20 hindsight or theoretical debates. Did you buy at .08 the bottom bottom and sell today? I doubt that. MOST investors here have lost a lot of money. Just because theoretically someone COULD HAVE bought at the very bottom and sold for higher does not mean that every ASTN shareholder did just that, quite the opposite.
Yes, a lot of stocks are off in general from their peaks but I don't consider them very similar to astn. Going from $100 to $20 is very different than going from $20 to .10 These other companies whose share prices have gone down generally have a real product/service adn business plan. ASTN does not. ASTN has no profits. They couldn't even get a regular loan, only toxic funding. The mob did their ipo and boilerroomed their share price up artificially, so did two other promoters who were sued for fraud as well.
There's a big difference between the performance of the market in general, on average, and the performance of astn. Yes, all have gone down but it doesn't make them very similar.
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80% of companies lost 99% share price?
I don't believe you. Please show a link to this statistic. If investors lost 99% of their money from the peak, they'd all be almost broke. If 80% of companies lost 99%, then 80% of companies would also be going out of business.
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$18 to .08 is no biggie?
That's not normal stock market activity. Take a look at astn's history. They had a mob boiler room hyping their stock right after their ipo. $4.50 to $15 is not normal with nothing good happening. Then they go to $1 when the mob drops support. Then promoters Westergaard and CCE hype it up to $18 again. Then reality again sets in and back down it goes to .08
THAT IS NOT AVERAGE MARKET ACTIVITY. Well, maybe for a scam stock but not for anything else.
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They are still down from $18 high
Most have still lost over 90%. I don't know why they are up currently. I can only think that kingsway is hyping the shares thorugh a canadian boiler room. I believe the price will come back down.
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Big deal, someone got a promotion
They didn't get a new major employee. They just changed jobs.
Notice the change in language in the release. Instead of paul saying "we're in talks with Texas instruments" he's now toned it down to "It is reported, for instance, that Texas Instruments has shipped more than 50 million RFID tags." Well, good for Texas Instruments. It has nothing to do with npct. They weren't npct tags.
Again, paul releases positive spin on the industry which doesn't have much to do with npct. He is really trying to hype this up yet the PR has not had much effect on the share price. This is like the third PR in a couple of weeks. They are desperate.
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I get timed out when I read on my slow browsers
like aol. When I go through netscape, I get right through. I just don't like using netscape as it shows my real IP, isp information.
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last s8 filing
They registered 10M more shares to be used for employees, consultants... He is printing more money. He uses these shares to pay consultants, read that IR people. This is how it starts. After he does a little hyping he'll print even more shares for some toxic funding. Secondary offerings aren't too hot so companies are doing toxic funding instead which is kinda similar.
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Great post, matt
Someone emailed it to me. Thanks whoever you are.
Actually tony does trash the companies a bit in his outs. He really made fun of SLPH management. I loved that report. He also does go head to head with promoters like (I can't mention his name as he posts here) and longs in love such as MST on SI. He also did go to the astn board with some of his people. He did the same on slph. The difference therein lies in the fact that he's a short. He goes in, posts the report, it dumps then he leaves. He lets the "little fishies" bid it back up, then he goes back and posts and shorts it again. I'm not short. I don't leave and let the suckers bid it back up. I don't want to see the suckers get taken. He also has a paid club of followers. They do the fighting for him. I'm not into that. I have a few people that I share information with. That's it. I'm not a group of people.
I will heed your advice about my attitude though I must say that I generally start out polite. I still get attacked. I should just ignore the personal remarks but then people like sara go and post all my information over and over, stalk me to every board that I go posting it all, calling me on the phone to shout obscenities at me, emailing the ceo of all the companies where I post begging them to sue me, forwarding all my posts... This is when I was polite even. I asked her to stop and she did it more. I held out the olive leaf and she rejected it. If someone does this to me, the only thing that will stop them is the same behavior. notice she hasn't posted my real name, home address and phone number recently though she still emails people. BTW the guy who runs johndoes.org says hello, sara.
Another note, Tony is a guy. It's okay for guys to talk trash, say negative things. They are cool. If a woman does it, she's a b**** That's just the way our society is. Look at Janice Shell. Everyone calls her a b****
I actually get a lot of positive feedback via email. People don't want to post that on the boards or they'll get trashed as well so you're not seeing every comment about me, generally just the negative ones. I've had longs in love trash me when I first show up but when my dd and projections turn out to be true, they come to my side and help me with more dd and posting. Look at how the yahoo astn board changed.
All that taken into consideration, I will try to work on my attitude. I will try to ignore the personal attacks though there shouldn't be any here anymore if you do your job. I will still go to the boards and post replies to people who debate my dd. tony has his army, I'm just one person. And if you suspend anyone who posts my personal information, I won't be posting anyone else's, obviously.
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Just say NO to stock fraud!
Firms Aren't Prospering In Search Of Damages For Harsh Web Remarks
BY JED GRAHAM
INVESTOR'S BUSINESS DAILY
Internet stock message boards are portrayed as the Wild West.
They're a place where scam artists try to drive up or down the price of a stock. Where people, under the veil of anonymity, feel free to hurl scurrilous charges. They're certainly not a place for serious research.
Those critiques often ring true. But in the past year, courts have ruled that those anonymous electronic rants are often protected opinion.
That's made life hard for companies seeking damages for message-board attacks. They're also having a tougher time getting courts and Internet service providers to reveal the identities of their message-board critics.
The legal precedents aren't completely one-sided. In another recent ruling, a couple of anonymous posters — who turned out to be former employees of the company bringing suit — were ordered to pay $775,000 in damages.
As message boards evolve, it may take time for the legal rules to become clear.
"When evaluating whether or not a criticism is defamatory, the law requires that you look at not only the content of the message but the context of the message," said Megan Gray, an attorney at Baker & Hostetler LLP in Los Angeles.
"If The New York Times comes out with an article that says Mayor Giuliani is a cheat, it has a much different impact than if you have a crowd of drunken people at a political debate, where you know everybody has taken very heated, biased positions," Gray said. "On the message boards, there is a lot of invective and hyperbole being expressed. The whole point is to allow Joe Schmoe to voice his opinion, for whatever it's worth."
Gray successfully defended one of two posters on a message board called Raging Bull. They were sued by Global Telemedia International Inc., which said the posts rose to the level of defamation and interfered with its economic prospects.
'Simply Malicious'
The company, which trades on the OTC Bulletin Board, explained the lawsuit in a letter to shareholders.
"Many message board posters refuse to understand the facts and reality and are simply malicious and blaming us for the market conditions," wrote Jonathan Bentley-Stevens, president of Global Telemedia. "How difficult do you think it is for me to keep negotiating with creditors when morons post such garbage and discredit management and accuse them of taking advantage of the company?"
In a February ruling, a federal judge in California dismissed the suit. The context of the message board suggested that the postings were opinions, not facts, he said.
"They were part of an ongoing, freewheeling and highly animated exchange about (Global Telemedia) and its turbulent history," Judge David Carter wrote. "Reasonable readers would not take these posts to be anything more than a disappointed investor who is making sarcastic cracks about the company."
Showing Harm
The judge ruled that even if the company could show the postings were actionable statements of fact, it would have to show that they caused harm to the company, Gray says. And it would be near impossible to clearly show that the posts caused the stock to fall.
Adding injury to insult, Global Telemedia was ordered to pay $55,000 to the defendants to cover their attorney fees. That penalty was ordered under a California statute to protect individuals from lawsuits by companies trying to silence their critics.
Not all message-board dialogue is protected. In another California case last month, a jury ordered two defendants to pay $775,000 in damages for posting thousands of often-vulgar messages about two managers at their former place of work, Varian Medical Systems. (VAR)
"Courts are more protective of individuals than they are of companies," said attorney Robert Weigel, a partner in the New York office of Gibson, Dunn & Crutcher LLP.
Weigel represented Dendrite International Inc.(DRTE) in litigation against several message-board posters, two of whom turned out to be former employees of the company.
Such lawsuits "are easier if they are against employees, who can be shown to be breaking terms of a contract" by going public with criticism or inside information, Weigel said.
As for going after nonemployees, a ruling by a New Jersey appellate court has set a higher bar for companies, he says.
In the case, Dendrite alleged that a third defendant had stated false facts about the company's accounting practices and merger activity. Since the company couldn't prove it was harmed by the falsehoods, the court wouldn't require that the identity of the poster be unveiled.
"To the extent that courts are beginning to require a little more showing of injury, you'll find companies being a little more reluctant to go after someone," Weigel said
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Just say NO to stock fraud!
paul's letter is very interesting
I personally believe that he thinks his gig is up and everyone realizes that the emperor is wearing no clothes. He tried to release two fluff PRs to prop of the price but they did nothing. Now that he can't drop big companies names in his PR because he knows I will check out his stories, his fluff PRs have no power. Those two articles by the independent journalist have hurt his scam in the industry also. My outing his promoters and scam on RB doesn't help either.
I think maybe paul is going to spin off a division, perhaps the one in which the director is the ceo of the new division.He has to get his scammy name off his next gig or it will not get off the ground as we all know who he really is. I think this buyout idea is also a way to get around the louis lawsuit. Keep in mind, npct was formed by a buyout, spin off. The npct patents were held by Intercell. Paul gave them to his wife's shell SUNY which he later changed to npct. He promised intercell shareholders shares in npct but never handed them over. he left the shareholders holding the bag. I think that is the future of npct shareholders. The end is near. Time for paul's exit strategy. If I were big in this stock, I'd take the next uptick to get out of the burning bldg. Heck, I'd just get out.
Notice paul is ramping up his Intercell share printing machine again.
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Just say NO to stock fraud!