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You are jousting with a most sophisticated basher. All he wants are board users to reply and draw attention to him an his distorted views. Suggest that you follow the lead of many serious investor useing this board and ignore him. Should you continue, to fight with him-as ism your prerogative-you'll soon find yourself on many ignore lists as long side of him.
When you find out how to short OB stocks post it for the benefit of the rest of us.
But I'll wager thsat management knows how to post to a message board without screaming. Get some cooth
Well said!
Stockgate: Taking it to the States
By Mark Faulk
May 26, 2006
Utah Gov. Jon Huntsman, Jr. just signed a new state law that calls for stiff penalties against brokers, clearing firms, hedge funds, and anyone else who sell and then fail to deliver stock to customers, in effect creating counterfeit shares that artificially depress the value of company and shareholders’ stock. On the very same day, it was reported inn the New York Times that the top 26 hedge fund managers all earned over $130 million dollars each, and the top two managers made more than a billion dollars apiece. That’s 25,000 times what the average wage earner in America earned last year.
Well guess what? Now it’s our turn. Since our federal government and Congress have abandoned its own citizens in favor of the big money special interest groups, it’s up to the states to do the right thing for their citizens. Every state in America should pass legislation similar to Utah’s, and every voter in America should demand that their elected officials take decisive steps to protect America’s economy, employee and tax base, retirement accounts, and shareholders’ investments.
Read the rest of this article, and see what you can do to help, at:
http://www.faulkingtruth.com/Articles/LettersToEditor/1030.html
This commentary is also posted at The Sanity Check, where you can post your comments as well:
http://www.thesanitycheck.com/Blogs/MarkFaulksBlog/tabid/86/Default.aspx
Correct.
You are right on the mark. There are some users who just cannot understand that this is a controlled board. Perhaps Matt will deny them posting priviledges for a day or two just to prove this point???
You may think you ignored him-that may be they wass he has set up this board but regardlerss he still is the moderator.It may just be that you will recieve no private messages from him but he will still moderate all posts and memberships.
Susie--you cannot ignore the moderator (MATT) of this board but he can easily wipe you out or delete any m,essage he findsa noit in keeping with his preferences for content hereon.
I'm tryionmg my best. Will rest uyp over this 3 day break and renew my assault on the low share price when market next open. Have a great weekend!
Matt is the moderator of this board and controls membership as well as content of posts.
FDA approves Cubicin for more uses; revenue boost for Cubist seen
bizjournals.com via Yahoo! Finance Fri, 26 May 2006 7:09 AM PDT
Federal regulators have approved a much broader use for Cubist Pharmaceuticals Inc.'s Cubicin intravenous antibiotic, which could mean millions of additional dollars in revenue down the line.
The guilty verdicts against former Enron executives Ken Lay and Jeffrey Skilling are a resounding victory for the Bush administration in its effort to close the book on the worst wave of corporate scandals in a generation.
Lay and Skilling are likely to be sentenced to lengthy prison terms, joining other high-profile white-collar criminals of the stock bubble era like Tyco's Dennis Kozlowski and WorldCom's Bernie Ebbers.
But despite the aggressive prosecutions and tough new laws designed to prevent a repeat of the deception that cost shareholders, investors and employees billions of dollars, fraud in the workplace is alive and well in the post-Enron era. From the mailroom to the boardroom, employees are still busy stealing from their employers and shareholders.
“We're not seeing a tremendous reduction in the amount of fraud out there,” said Bruce Dubinsky, a forensic accountant based in Bethesda, Md.
There is no question that tougher laws and more aggressive enforcement have had an impact on corporate accounting. Among other measures, the 2002 Sarbanes-Oxley Act, motivated by the Enron collapse and other scandals, required companies to set up comprehensive internal controls and established a new federal board to oversee auditors. It also demanded that top executives sign off on their companies’ financial statements — holding them personally liable if it was later found that someone else had cooked the books.
Penalties for those caught cheating have also been increased — in some cases dramatically. Fines and settlements now regularly top $100 million for cases that would have cost just a few million dollars a decade ago, according to John Coffee, a professor of securities law at Columbia University. Shareholder lawsuits are getting a better hearing in court, and settlements for those that prevail are larger than they were in pre-Enron era, he said.
“The imbalance between the incentive to cheat and the cost for cheating were so great that you got away with scandals,” he said. “That balance is closer (today), but it doesn’t mean we’re going to eliminate scandal.”
In one mushrooming current scandal, federal authorities are investigating stock options granted to top executives at several companies to determine whether those options were backdated to increase the value of those options.
Related coverage
Lay, Skilling found guilty in Enron scandal
E-mail us: What do you think of verdict?
Fraud: Who's behind it, how much it costs
While new laws have helped expose fraud, and tougher criminal penalties are being handed out to those convicted, fraudsters continue find ways around them. U.S. losses from fraud rose to an estimated $638 billion in 2005 — up from $600 billion in 2002 and $400 billion in 1996, according to the Association of Certified Fraud Examiners, a trade group of accountants who are often called in when fraud is suspected or discovered.
“When you look at the underlying cause of fraud, the underlying drivers are still there,” said Dubinsky.
Worldwide, losses from fraud rose 50 percent from 2003, according to a report from PricewaterhouseCoopers.
“Globally, the trend is toward an increase in economic crime, not a decrease,” the firm found in its 2005 Global Economic Crime Study.
The report found that, since 2003, the number of companies reporting cases of corruption and bribery rose 71 percent; those reporting cases of money laundering were up 133 percent and reports of financial misrepresentation were up 140 percent.
There’s no question that Sarbanes-Oxley — and the complex and costly provisions it requires U.S. businesses to follow — has had a major impact on corporate financial accounting. For starters, companies have had to set up comprehensive financial controls to prevent fraud and catch it when it occurs. Outside accounting firms — chastened by the collapse of Arthur Andersen following that firm's conviction on criminal charges related to the Enron case — have gotten tougher with the clients they’re auditing.
“Managers everywhere are reporting that they’re having a more difficult time with auditors — and auditors are giving them less discretion,” said Coffee. “I think that’s essentially what the (Sarbanes-Oxley) statute was intended to do.”
Look at the name of this board
The Question and Answer Board (MATT)
Thats what you think. When you open that board the first item you shall see is a message froim Matt and his assistant telling you he is the administrator. That message is there-=I just saw it.You just think you ignored him but he is still monitoring every post put to this board.
The failure of the Vonage IPO is a major plus for NMKT. Their system offers universal connectivity without unique end instruments.
Try blocking him.
This board has an administrator and an assistant administrator who totally control who may be ignored and who may not be ignored. As the administrators they cannot be ignored no matter how you try to do so.
Try and ignore him. Youi'll find it's futile. He is the administrator of this board and he controls who may and who may not post. Go waste your time.
Vonage Lays an Egg
Its IPO Fails To Meet Expectations
May 25, 2006
Vonage, the company that pioneered Voice over Internet Protocol (VoIP), stumbled out of the starting gate Wednesday as it began selling stock as a publicly traded company.
Initially offered at $17 a share, the price fell throughout the day and closed at $14.85, a loss of nearly 13 percent.
The stock fell another 10 percent in early trading Thursday, making it one of the worst market debuts in recent memory.
Analysts say the company, which has more than one and a half million subscribers using its telephone service, faces fierce competition in the field from major cable companies, better financed and positioned in the market to provide the same services.
Not helping matters, the company has also been the subject of frequent consumer complaints about its service, as the Wall Street Journal noted in an article just days before the IPO.
In one highly publicized incident earlier this year, a Minnesota homeowner charged he was put on hold when he called 911 to report his house was on fire. As a result, Loren Velthamp of Chanhassen, Minnesota said his house burned down.
Several states have warned Vonage about deficiencies in its 911 system. Michigan recently warned the company about what he said was misleading marketing.
In a Notice of Intended Action (NIA), Michigan Attorney General Mike Cox told the company it has failed to make it clear that customers do not have access to traditional 911 service. Earlier, Texas Attorney General Greg Abbott filed a lawsuit against Vonage citing similar concerns.
In general, VoIP 911 can be unreliable. Calls made after normal business house may be misdirected to emergency-services administrative offices, where the caller gets a recorded message.
Even when the VoIP 911 call does make it to an EMS dispatcher, it sometimes lacks the information traditional phone services provide, like the caller's address and telephone number.
Last year the FCC gave VoIP providers an ultimatum to institute by September 2005 the same kind of 911 access provided to people using landlines or cell phones.
Since you asked so prettily I'll try and help get it up.
As the moderator of this board you will find you cannot block him but he can certainly block you. That's the function of a moderator
The Circle of Greed: The Cloak of Invisibility
By Mark Faulk
May 25, 2006
While just today, Enron executives Ken Lay and Jeffery Skilling have been convicted of conspiracy, fraud, insider trading and making false statements in deceiving their shareholders and employees, and while advocates for stock market reform continue to call for more transparency in our financial system, the federal government continued to opt instead for invisibility, granting intelligence czar John Negroponte the authority to “exempt companies from certain critical legal obligations. These obligations include keeping accurate ‘books, records, and accounts’ and maintaining ‘a system of internal accounting controls sufficient’ to ensure the propriety of financial transactions and the preparation of financial statements in compliance with ‘generally accepted accounting principles.’"
President Bush, and in fact, every president since Carter, has had the authority to allow publicly-traded companies to be exempt from the Securities Exchange Act of 1934, purportedly to hide information about top-secret defense contracts. How many times has the exemption been used? Who knows? The administration isn’t telling, and since the companies who are exempt don’t have to “keep accurate books, records, and accounts,” there is no way to know whether any…or whether all…defense contractors, or even companies who are loosely-related to defense spending, are playing by the rules. It is effectively a corporate cloak of invisibility.
Read the rest of this article at:
http://www.faulkingtruth.com/Articles/Investing101/1057.html
This commentary, along with a great forum for posting your comments as well, is also posted at: http://www.thesanitycheck.com/Blogs/MarkFaulksBlog/tabid/86/EntryID/299/Default.aspx
Matt is the moderator of this board. You cannot possibly remove nor ignore him. Care ful or he may simply bock your access and posting priviledges.
You are quite right.I was simply teasing him in hope he had enough backbone to reply.
If you are positive in your analysis why aren't you day trading to earn ypour keep?
This is a true story..
and the First Place winner in a recent Criminal Lawyers Award Contest..
A Charlotte, North Carolina lawyer purchased a box of very rare and expensive cigars, then insured them against fire, among other things. Within a month, having smoked his entire stockpile of these great cigars and without yet having made even his first premium payment on the policy the lawyer filed claim against the insurance company. In his claim, the lawyer stated the cigars were lost "in a series of small fires." The insurance company refused to pay, citing the obvious reason that the man had consumed the cigars in the normal fashion. The lawyer sued.. and WON!
Delivering the ruling, the judge agreed with the insurance company that the claim was frivolous. The judge stated nevertheless, that the lawyer "held a policy from the company which it had warranted that the cigars were insurable and also guaranteed that it would insure them against fire, without defining what is considered to be unacceptable fire" and was obligated to pay the claim. Rather than endure lengthy and costly appeal process, the insurance company accepted the ruling and paid $15,000 to the lawyer for his loss of the cigars lost in the "fires".
After the lawyer cashed the check, the insurance company had him arrested on 24 counts of ARSON!!! With his own insurance claim and testimony from the previous case being used against him, the lawyer was convicted of intentionally burning his insured property and was sentenced to 24 months in jail and a $24,000 fine.
THIS IS BRILLIANT. WATCH IT NOW!!!
Patrick Byrne/Jeff Matthews CNBC Market Shuffle
http://www.businessjive.com/podcast/marketshuffle.mov
Vonage IPO
__________________________________
MARKET ALERT
from The Wall Street Journal.
May 24, 2006
Vonage shares fell 13% after opening for trading at $17, as the Internet telephone provider turned in the worst debut for an initial public offering in two years. MasterCard is set to price its IPO, figured to raise about $2.5 billion, in what would be the largest U.S. offering in two years.
For more information, please see: http://online.wsj.com/article/SB114848102167361895.html?mod=djemalert
I am such!
This message board is dedicated to discussi0ons related to NMKT. It is quite innapropriate for you to try and tout your stock picks here. Go Away.
Did Dr Schultz recognize that by buying a Fonar SU scanner he was contributing to the bottom line losses the manufacturer is incurring with each sale??
Note that the USPO decision of 17 April cannot be appealed by Olympus. It is a final and irreversable decision.
But ,if as I expect,the Vonage offering does not succeed and offering price has to be reduced to sell all shares offered???
You state some very pertinent facts. Thanks
Do you really base your investment strategy on advice you glean from postings on a message board???
Another stock service tout who will leadf you to riches???
The Solution
My mailbox is being flooded with mail concerning gas prices and
illegal immigrants. To boycott oil companies or not; to provide
amnesty to illegal immigrants or not, etc.
Since I have become jaded to the various solutions proposed by the
Republicans, Democrats, Sierra Club, ACLU, etc. I have elected to
solve the problems as they affect me. It solves both my gas and
illegal immigrant problems.
I have hired illegal immigrants to push my car. They're plentiful and
cheaper than buying gas.
Just proves that sometimes justice really is blind.
Anyone who works within the law field will really appreciate these.
It's time once again to review the winners of the Annual "Stella Awards."
The Stella Awards are named after 81 year-old Stella Liebeck who spilled hot coffee on herself and successfully sued McDonald's (in NM). That case inspired the Stella awards for the most frivolous, ridiculous, successful lawsuits in the United States.
Here are this year's winners:
5th Place (tie): Kathleen Robertson of Austin, Texas, was awarded $80,000 by a jury of her peers after breaking her ankle tripping over a toddler who was running inside a furniture store. The owners of the store were understandably surprised at the verdict, considering the misbehaving little toddler was Ms. Robertson's son.
5th Place (tie): 19-year-old Carl Truman of Los Angeles won $74,000 and medical expenses when his neighbor ran over his hand with a Honda Accord. Mr Truman apparently didn't notice there was someone at the wheel of the car when he was trying to steal his neighbor's hubcaps.
5th Place (tie): Terrence Dickson of Bristol, Pennsylvania, was leaving a house he had just finished robbing by way of the garage. He was not able to get the garage door to go up since the automatic door opener was malfunctioning. He couldn't re-enter the house because the door connecting the house and garage locked when he pulled it shut. The family was on vacation, and Mr. Dickson found himself locked in the garage for eight days. He subsisted on a case of Pepsi he found, and a large bag of dry dog food. He sued the homeowner's insurance claiming the situation caused him undue mental anguish. The jury agreed to the tune of $500,000.
4th Place: Jerry Williams of Little Rock, Arkansas, was awarded $14,500 and medical expenses after being bitten on the buttocks by his next door neighbor's beagle. The beagle was on a chain in its owner's fenced yard. The award was less than sought because the jury felt the dog might have been just a little provoked at the time by Mr. Williams who had climbed over the fence into the yard and was shooting it repeatedly with a pellet gun.
3rd Place: A Philadelphia restaurant was ordered to pay Amber Carson of Lancaster, Pennsylvania, $113,500 after she slipped on a soft drink and broke her coccyx (tailbone). The beverage was on the floor because Ms. Carson had thrown it at her boyfriend 30 seconds earlier during an argument.
2nd Place: Kara Walton of Claymont, Delaware, successfully sued the owner of a night club in a neighboring city when she fell from the bathroom window tothe floor and knocked out her two front teeth. This occurred while Ms. Walton was trying to sneak through the window in the ladies room to avoid paying the $3.50 cover charge. She was awarded $12,000 and dental expenses.
1st Place: This year's run away winner was Mrs. Merv Grazinski of Oklahoma City, Oklahoma. Mrs. Grazinski purchased a brand new
32-foot Winnebago motor home. On her first trip home, (from an OU football game), having driven onto the freeway, she set the cruise control at
70 mph and calmly left the drivers seat to go into the back & make herself a sandwich. Not surprisingly the RV left the freeway, crashed and overturned.
Mrs.Grazinski sued Winnebago for not advising her in the owner's manual that she couldn't actually do this. The jury awarded her $1,750,000 plus a new motor home. The company actually changed their manuals on the basis of this suit, just in case there were any other complete morons around.
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