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Shocking that you would defend their criminal activity! LOL I know, I know, they're just providing liquidity. They never fail to deliver shares. HAHA
The only thing saving them now is someone that's in as deep as they are. GS, anyone?
When was there last correspondence, and what did they say?
Their last correspondence was today, and you'll have to figure that out for yourself.
Apparently EIGH has not responded to any shareholder about anything.
Not even remotely true!
Not surprising that Glancy Binkow & Goldberg are involved. Pretty sure they've worked closely with Milberg Weiss in the past...the same Milberg Weiss that were involved with the notorious Anthony Elgindy and were indicted on various counts, including racketeering, mail fraud, and bribery. The games are becoming more and more transparent and comical.
All IMO of course.
Probably a fake or photoshop...wouldn't you think, Jan?
Even though it still states, in the Ibox, there are only 65mil shares in the float. The Mods know there are @ least twice that many.
Care to explain?
Can you make me a sandwich?
Stay classy! The newest investor advocate is showing its true colors.
I'm not sure why, but I have a very hard time respecting or believing a particular investor advocate. But maybe that's because they came to the defense of Anthony Elgindy, one of the biggest Wall Street crooks in recent memory. Oh, the hypocrisy.
RAJ >> GUILTY
ON ALL COUNTS
faces 25 years
http://blogs.forbes.com/walterpavlo/2011/05/11/raj-rajaratnam-guilty-why-things-didnt-go-his-way/
You playing dumb? Do you associate yourself with individuals who have been convicted of fraud by the sec? Yes or No? Do you feel it's ok that they screwed others and have been charged, but label themselves now market reformers? Do you think this is acceptable?
Recommended reading on pages 40 and 44...
http://www.asensioexposed.com/apdefsentencing.pdf
I found much of this article interesting. Isn't there an investor advocate here with ties to Elgindy?
"Now, of course, there is a concerted effort to portray Taibbi as a sucker, and his video as a fake. One blogger who has suggested as much is Gary Weiss, a former BusinessWeek reporter. As we have documented elsewhere on Deep Capture, Gary Weiss is a corrupt pseudo-journalist whose sources have included naked short sellers with ties to the Mob. Among Gary’s favorite sources were John Fiero (fined $1 million in Hanover Sterling scandal), Anthony Elgindy (currently serving an 11 year prison sentence for short selling crimes and alleged to have had his finger sawed off by Russian mafiosi who were concerned that he would become a government informer), and Manuel Asensio (who once worked for a Mafia-controlled brokerage called First Hanover)."
"I tell you this not because I think there is some kind of conspiracy, but merely because I am fascinated by the always colorful biographies of people who attack those who seek to expose the crime of naked short selling. Blodget is, by all accounts, a reformed criminal, and I’m sure the other people at ClusterStock are law-abiding people. Gary Weiss would be perfectly innocent, too — except that he’s an out-and-out fraud."
Wow! It looks like we have a new full time investor advocate hard at work. Somehow he has time to help all the poor helpless investors while he and his mentor invest millions at a time. GTFO! HAHAHA
Actually the lawyer, Gallo, isn't sleazy, and certainly he's not unintelligent. He went to Yale Law School.
No reason to judge any attorney by his clients.
When exactly did I comment on this particular attorney? And when exactly did I bring up this particular lawsuit? I'm talking about frivolous lawsuits brought against companies for the sole purpose of destroying them, not lawsuits against individuals. It is awfully convenient though that it was taken in that direction.
So, the attorney in the Monkster case is "sleazy" because he dares to take on a second-rate cult leader who ripped off his followers? That is the kind of "sleaze" I admire.
You clearly aren't comprehending the playbook. You might want to ask one of your "friends" what I'm talking about.
Alan - it took a couple of days but I did actually hear back from ETrade. Oddly enough though, they said they could not validate whether my shares were valid or not.
And could you offer me one--just ONE--example of a case in which that's happened?
And please explain why on earth your Shorty would be interested in paying to finance a class action in the first place. Makes no sense at all. As noted, they're only initiated when investors have already lost a lot of money.
Umm yeah, it never happens, right?
Los Angeles, CA - The New York-based law firm of Milberg Weiss Bershad & Schulman and two of its name partners were indicted today by a federal grand jury for allegedly participating in a scheme in which several individuals were paid millions of dollars in secret kickbacks in exchange for serving as named plaintiffs in more than 150 class-action and shareholder derivative-action lawsuits. The indictment alleges that the firm received well over $200 million in attorneys' fees from these lawsuits over the past 20 years.
The 20-count indictment charges Milberg Weiss and two senior partners, David J. Bershad and Steven G. Schulman, in a conspiracy with several objects, including obstructing justice, perjury, bribery and fraud. The conspiracy count outlines a scheme in which individuals received secret kickback payments to serve, or cause friends and relatives to serve, as named plaintiffs in lawsuits filed by Milberg Weiss. To conceal the illegal kickback scheme from judges presiding over the lawsuits and other parties involved in the litigations, the Milberg Weiss firm, Bershad and Schulman allegedly made, and caused the paid plaintiffs to make, false and misleading statements in documents and in under-oath depositions. The indictment further alleges that the illegal kickbacks were secretly paid by Milberg Weiss to the named plaintiffs through various intermediary law firms and lawyers selected by the paid plaintiffs. The indictment states that three named plaintiffs received at least $11.3 million in illegal kickbacks.
"This case is about protecting the integrity of the justice system in America," said United States Attorney Debra Wong Yang. "Class-action attorneys and named plaintiffs occupy positions of trust in which they assume responsibility to tell the truth and to disclose relevant information to the court. This indictment alleges a wholesale violation of this responsibility."
Also charged in the indictment are Seymour M. Lazar, 78, of Palm Springs, who is alleged to have served as a paid plaintiff and received approximately $2.4 million in secret kickbacks, and attorney Paul T. Selzer, 65, of Palm Springs, who is alleged to have been one of the intermediary lawyers who laundered illegal kickback payments for the benefit of Lazar. Lazar and Selzer were charged in an earlier version of the indictment (see: http://www.usdoj.gov/usao/cac/news/pr2005/096.html).
The indictment also names as co-conspirators two men – Steven G. Cooperman, 64, of Connecticut, and Howard J. Vogel, 61, of Aventura, Florida – who allegedly served as paid plaintiffs and received, respectively, approximately $6.5 million and $2.5 million in secret kickbacks from Milberg Weiss. Cooperman was convicted of insurance fraud and other crimes in 1999 in an unrelated case, and he has been cooperating in the government's ongoing investigation. In a plea agreement filed in federal court in Los Angeles on April 28, Vogel agreed to plead guilty to making a false declaration to a court and to admit that he lied under oath to conceal the existence of the secret kickback arrangement from a court presiding over one of the class-action lawsuits in which an entity controlled by Vogel served as a plaintiff. In connection with his anticipated guilty plea, Vogel has agreed, among other things, to forfeit to the United States $2 million and to cooperate in the government's ongoing investigation.
http://www.justice.gov/usao/cac/pressroom/pr2006/061.html
In reality, even sleazy ambulance chasers only take on cases if they think they can win them and so make a lot of money. If they DON'T win, then they lose a lot of money, because they don't have paying clients.
You can't sue a company simply because shareholders suffered losses. There has to be actual malfeasance involved.
Not always true, Jan. Hence, my mention of frivolous lawsuits. And I don't think the sleazy attorney in this instance is banking on a favorable judgement. My guess is that shorty is taking care of their fees.
Apparently that playbook isn't used very much as I rarely see it happening in the land of penny stocks. Makes for a good story on the the conspiracy sites though.
Maybe it's because the author is currently behind bars, although I'm sure his "friends" still know the drill. Help me out. Who called the SEC re: EIGH again?
Not at all. With penny stocks, there's really no point to class actions. What does EIGH have that's worth suing for?
Absolutely nothing.
You're missing the point, Jan. Per the playbook, the point is to consume the company with a frivilous lawsuit(s) in an effort to divert attention and devour whatever cash the company has left. Of course it helps to have a "friend" that's a sleazy, ambulance chasing attorney to do just that.
I did that months ago, far as EIGH is concerned.
The next chapter of the playbook is having a sleazy attorney put together a class action lawsuit against the company, correct?
Why didn't you include how you were compensated? Shares or $$$ when you wrote the lexg article? Is it typical for journalists to slam a company and show up hours later on the target board?
Very good question, Hiphop. I think we will find out one day through discovery. In fact, we will learn a lot this year through discovery, especially with Goldman and Merrill. A lot of their dirty laundry will be aired and it's not going to be pretty.
Good post, Maico. This is the perfect time to divert away from the naked short position that was just proven. Nothing changes the fact that ETrade has admitted as much. Financial terrorism has been committed against the shareholders of EIGH and the US economy as a whole.
I have not acted on the fails since the corporate actions has not allocated yet. ~ ETrade
Please can you advise whether you have acted on the fails to deliver and receive under 11800?
Obviously I am aware that FINRA are watching, monitoring and making contact so we should all work
together to get this resolved. ~ Etrade
Fail to Receive 95,167 shares
Fail to Deliver 78,067 shares
Firm name (Physical) 43,196,703 shares
Physical Box 97,766 shares
Ah, yes, the "either you are with the Monkster cult, or you are a paid basher/ in with the shorts" logical fallacy. Frankly, if the best you can do is allege that everyone who points out that EIGH is a steaming pile of crap are in with the ENSSFM with no proof, I'm not impressed.
Good thing I'm not out to impress you. I actually never said anything about being for one side or the other. I just find it odd that so many spend an inordinate amount of time posting there when they claim to have no vested interest. I guess it's possible that they have no life whatsoever and trashing a stock brings them some semblance of joy.
Good afternoon, Jan. Since you're here, I would like to get your thoughts on ETrade's admitted short position in EIGH:
I have not acted on the fails since the corporate actions has not allocated yet. ~ ETrade
Please can you advise whether you have acted on the fails to deliver and receive under 11800?
Obviously I am aware that FINRA are watching, monitoring and making contact so we should all work
together to get this resolved. ~ Etrade
Fail to Receive 95,167 shares
Fail to Deliver 78,067 shares
Firm name (Physical) 43,196,703 shares
Physical Box 97,766 shares
Interesting that the investor advocates have no answers for the admitted fails to deliver. It is there in black and white! But we keep getting the same tired stuff spewed over and over. It looks like Mars is much closer than originally thought because those naked shorts have proven to be very real.
I have not acted on the fails since the corporate actions has not allocated yet. ~ ETrade
Please can you advise whether you have acted on the fails to deliver and receive under 11800?
Obviously I am aware that FINRA are watching, monitoring and making contact so we should all work
together to get this resolved. ~ Etrade
Fail to Receive 95,167 shares
Fail to Deliver 78,067 shares
Firm name (Physical) 43,196,703 shares
Physical Box 97,766 shares
No, I read the bizarro-world rants of EIGH management with a combination of detached bemusement for their content, and horror that other creatures who refer to themselves by the same species name as I can take the word of EIGH management as divinely revealed truth.
But then again, I feel the same way about the pronouncements of Jer-Bear Williams.
Funny! Many of us feel the same way about most posting on the E board. I can't imagine the boredom some are faced with to post so frequently on a board when they have no vested interest. Or do they?
Good luck with that. However, the smart money is on EIGH management raising the ENSSFM standard and fabricating evidence in order to divert attention away from their own theft.
That's funny because I can personally vouch for some of the emails in the update, and I know of others that can do the same. But somehow, EIGH management is fabricating all of this. Good luck to you and shortie moving forward because you are going to need it.
I foresee a lot of finger pointing. And this is going to be painful for them before this is over.
Well, I can vouch for some of the emails in the report that were interesting to say the least. I guess he must have fabricated the others. HAHA
Judgment day coming soon!
Should we be expecting a ambulance chasing class action?
More than likely. WWED? That is, What Would Elgindy Do?
LEXG is being run by a $3 million+ promotion job....the article is no different than articles put out about companies like CCME (see: scam)
I give it a month = LEXG under $1 or halted
Ahh, a new investor advocate. Good luck moving forward. I hope your efforts are more fruitful than the push to kill the LEXG surge.
And I really don't care what you think is causing the run. My only concern is that the shorties are getting destroyed. It's sure fun to watch.
Any idea who wrote the negative artcles?
Yes. Simply read some older posts and you'll have your answer.
Was she compensated by short sellers to front run a negative smear campaign against the target company?
That would be my guess as well.
Does this individual realize that she has cost investors a great sum of money and is one of the causes behind the squeeze?
I doubt this person cares very much.
what is interesting is what is considered fair game
the topic of flds/and those seminars are considered
fair game .. it's very to me .. the lack of consistency
who is a public figure ...
one who runs a seminar .. one who writes an article
or both?
There has been a clear double standard for some time. But, things have a funny way of working out.
Karma is a bi**h! Believe me, I've met her. ;)
Ahh, so you're in the camp that believes scams should be allowed to run unhindered as long as YOU happen to be long?
Tell me: when they crash and burn, do you complain that the SEC failed to "protect" you?
Apparently you are very good at making assumptions, because I don't remember writing that. Was your LEXG article based on assumptions as well, because I don't think it had the desired effect? It's all about an agenda, not investor advocacy.
i'm expecting some serious poppage in a few stocks
over the coming weeks .. lol
And it will be a lot of fun to watch. Looking forward to the tables getting turned for a change.
"I'm LONG and STRONG" is one of the saddest catch phrases in the penny lexicon.
What I find sad - disgusting really - is the act of attacking a company on a message board for the sole purpose of destroying it, and all the while hiding under the cover of some kind of advocate for the poor helpless investors.
For heaven's sake. Shorts understand the risk they take. Those who don't won't be shorting for long.
Ohh, I see. The shorts do, but apparently the longs don't. I'm glad the longs have the investor advocates looking out for them. HAHAHA
wow shorts on lexg getting hammered
9.00 to 9.27 in seconds
hmmmm
It's a thing of beauty, isn't it? I love the lesson being taught. Here's to many more being taught.
Maybe it's desperate attempt from a shorter of LEXG, who knows.
And I think that you may be correct.
Interesting LEXG article:
thestreetsweeper.org/undersurveillance.html?i=1781
You're kidding, right? The PPS has skyrocketed since that trash was posted.