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Smokealot, I'm waiting for a response....by the way, I challenge you to find any recent poor advice of mine on the GZFX board....go ahead, feel free to read my recent posting history there...
smokealot, let's see if you can actually provied some quotes and links instead of talk. It's easy to make claims if someone doesn't support them.
When I used www.yahoo.com and typed in the search term(exactly as it appears below):
"bird flu" containment
These are the search results I got:
http://search.yahoo.com/search?p=%22bird+flu%22+containment&fr=FP-tab-web-t&toggle=1&cop...
"Smart-tek" is mentioned on the first page of the search results.
If there's a network movie about the bird flu coming up, there may be many people that do research looking for public companies that are interested in solving potential bird flu problems.
A network movie about the bird flu could boost this stock price, regardless of whether there are any uncovered short positions. But if there are uncovered short positions, then the movie could also inspire short covering.
Perhaps this might also be helpful?
http://www.lasuperiorcourt.org/civilCaseSummary/index.asp?CaseType=Civil
Perhaps this might be helpful?
http://www.lasuperiorcourt.org/
Information regarding a lawsuit is presented in a link below. "Stocklemon" is referred to in the link below....is that a reference to www.stocklemon.com?
The press release below may provide enough information for one to be able to follow the case online, since it states where the lawsuit was filed.
http://www.gtxglobal.net/Resources/Stocklemon_lawsuit.pdf
Is ETRD loading up by buying shares?
One may want to keep in mind how low the current price is compared to when it was above $1.70.
The lower the price that a short sale occurs at, the riskier it is, in my opinion; hence, if someone has shorted this stock above 1.50, that person may be hesitant to short this stock around the current price of approximately .48 (everything else being equal).
It looked to me like NITE sold many shares the other day at .455, if I remember correctly. I believe I mentioned that in another post. If those were short sales, well, there's been a loss on those sales, since the price has risen since then.
Regarding short sales, the lower that a stock price goes, if I understand correctly, the greater the percentages are on the side of the longs, everything else equal, in this sense:
If a short sells at 1.00 and buys and covers at .45, the shorter has made a profit of 55% ((1.00-.45)/1.00).
But if a short sells at .45 and covers at 1.00, the shorter loses 122.22% ((.45-1.00)/.45).
nuteshack, a figure of speech? Are you SERIOUS? If stocklemon.com has been suued several times by others, do you think they'd use a figure of speech and say "10" if it wasn't really 10 times? How about the rest of my points? Can you refute them? Here, let me repost text for you, let's see if you can specifically refute a point with logic:
If a lawsuit is filed by Smart-tek Solutions Inc. in response to the article http://www.stocklemon.com/04_04_06.html (I suppose a lawsuit could have already been filed), STTK's stock price could rise quite a bit, in my opinion. I say that because I think that a good lawyer could have a very strong case against either www.stocklemon.com or the actual author(s) of the article or both. The article linked to above was dated April 4, 2006. The stock price of STTK closed at 1.739 on April 4, 2006, according to this link:
http://host.businessweek.com/businessweek/Historical_Quotes.html?Symbol=STTK&StartDate=01%2F01%2....
That link also shows that on April 5, 2006 the stock dropped and closed at 1.00. The link also shows that on April 6 the stock dropped and closed at .62. The current stock price is about .498. Now, the stock had risen quite a bit in a period of time prior to 1.739, and perhaps some profit taking would have occurred eventually anyway and driven down the price. But I wouldn't be surprised if the article influenced many people to panic and sell. I would be interested in knowing how much that the shareholder value was reduced when the stock dropped, but I don't want to provide an estimate here because I don't think I have enough information to provide an accurate calculation, and I'd prefer to provide an accurate calculation rather than an estimate.
Here's an earlier analysis of the article that I made, for those that may be new on the board. Also, it may be useful to provide some rational analysis, because sometimes a big drop in a stock price can cause emotional reactions:
Was there a lie in a www.stocklemon.com article? Here's some research you may wish to evaluate, in order to make your own judgements...
I took a look at this article again:
http://www.stocklemon.com/04_04_06.html
I noticed that at one point in the article it states:
"Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
At first glance I was surprised to read that Wang was allegedly quoted in the "next 10 press releases" because I had already done some research and found that Wang had NOT been mentioned (at least in the article section) in many Smart-tek Solutions, Inc. press releases. I reported those findings in this message here:
http://www.investorshub.com/boards/read_msg.asp?message_id=10665290
So, I decided to look further into the article's claim that "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
I reasoned that a statement claiming that Wang was quoted in 10 straight press releases could imply that Wang was/is an extremely important aspect of any possible hype or opinion regarding Smart-tek Solutions, Inc. Hence, if doubt could be cast about the credibility of someone perhaps deemed to be an extremely important aspect of hype or opinion surrounding Smart-tek Solutions, Inc., then Smart-tek Solutions, Inc. could be viewed more negatively than it may be viewed if doubt was cast about the credibility of a figure with only minor importance to hype or opinion surrounding Smart-tek Solutions, Inc.
so, I began research. What exactly was meant when the article stated "the next 10 press releases"?
The article states:
"http://www.primezone.com/newsroom/news.html?d=89717
Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
Were they referring to 10 press releases following this linked November 14 2005 press release?:
http://www.primezone.com/newsroom/news.html?d=89717
Well, if that's the case, let's try to find the next 10 press releases according to some different definitions of "next 10 press releases".
Doing a search, I found many press releases post November 14 2005 here:
http://finance.yahoo.com/q?s=sttk.ob
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-04-04T15:47:37-04:00
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-01-17T16:14:59-05:00&id=21118881
According to those links, and if I'm correct, it seems to me that the next 10 press releases (listed by earliest date to latest date, in order) following the November 14 2005 one are:
http://biz.yahoo.com/pz/051116/89919.html
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051122/90162.html
http://biz.yahoo.com/pz/051122/90210.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/051129/90446.html
http://biz.yahoo.com/pz/051129/90445.html
http://biz.yahoo.com/pz/051130/90510.html
http://biz.yahoo.com/pz/051205/90737.html
http://biz.yahoo.com/pz/051215/91333.html
I did a search for the term "Wang" in those 10 PRs and only found it in two of them, not all ten.
When the article stated "the next 10 press releases", could it have referred to 10 press releases linked to in the article itself?
Well, there are 10 links provided in the article after the comment of "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China." I'm not sure that I would consider all 10 links to be press releases, but you can decide yourself. Anyway, here they are:
http://www.gilardi.com/pdf/mtc2not.pdf
http://www.sec.gov/litigation/litreleases/lr15631.txt
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_015780
http://biz.yahoo.com/pz/060404/96758.html
http://biz.yahoo.com/pz/060403/96634.html
http://biz.yahoo.com/pz/060331/96536.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060321/95973.html
Now, I searched the text provided at those 10 links, and I only found the search term "Wang" in one of them; this one:
http://www.gilardi.com/pdf/mtc2not.pdf*
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."?
Could it have referred to the "next 10 press releases" that discussed bird flu or avian flu? Well, i did some research, and it seems to me that the next 10 press releases after November 14 2005 that had a title that seemed to refer to a bird flu or avian flu topic are:
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/060117/92395.html
http://biz.yahoo.com/pz/060224/94807.html
http://biz.yahoo.com/pz/060321/95973.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060329/96399.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060403/96634.html
I did a search of the text in those 10 links, and I only found the search term "Wang" mentioned in 3 of them.
The following PR was issued sometime prior to the final link in my list of links immediately above:
http://biz.yahoo.com/pz/060327/96280.html
I didn't find the search term "Wang" there either.
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
You decide for yourself. Feel free to check the accuracy of my research if you like, perhaps I made a mistake. If you find a mistake in my work, please notify me. Perhaps the www.stocklemon.com article made an honest mistake? I don't know.
But if you ask for my opinion based on the research I've provided above, I think that the article may have been intended to purposely provide information that was either misleading, contained a lie, or both.
One more thing. You may notice that the main article I have been discussing provides many links. Here it is again:
http://www.stocklemon.com/04_04_06.html
But did you notice that the article makes a "Conclusion" that mentions "Vancouver-based directors", yet the article does not provide any supporting links below the "Conclusion" text? Here is the text:
"Conclusion
We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter? In this case, it is the opinion of Stocklemon that the epidemic of stock promotion has nested itself in the drama of the bird flu virus story.
Cautious investing to all."
If you assume* that the article didn't catalog anything regarding the comment about Vancouver-based directors, then I wonder why didn't they catalog it. Could they really catalog it? I have my doubts, based in part on my opinion that the author(s) has poor credibility as a result of my above analysis of the comment about the "next 10 press releases". But judge for yourself.
*I don't think I read every single line of text from the text that was linked to in the article, but maybe you should read everything in order to see if you can make that assumption yourself. However, the following comment in the article itself suggests that the article didn't catalog it:
"We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter?"
Also,the article states:
"Amazingly, in its warning, the NASD singles out, but doesn’t name, a certain company:
One example includes a fax stating a company 'has the solution for tracking and containing the Bird Flu virus.'"
Does anyone think that that comment could perhaps be misleading to some people, people who might think (at first glance at least) that the company referred to is Smart-tek Solutions, Inc.? Has Smart-tek Solutions, Inc. ever sent out faxes about the bird flu? Not that I'm aware of, but if anyone knows of any, please let me know. Anyway, the comment about the faxes is yet another reason that I wonder about the credibility and intentions of the www.stocklemon.com article.
I'm not trying to suggest that the Goodwin Wang mentioned in Smart-tek Solutions, Inc. press releases is not the same Goodwin Wang that seemed to be mentioned in the www.stocklemon.com article. I'm also not trying to suggest that one should avoid doing research on all possible points of concern mentioned in the www.stocklemon.com article. I think one should try to make a balanced analysis of all information. I'm simply trying to make the points that I attempt to make in my analysis above.
If anyone finds a fault or different view regarding any of my text above, please let me know. However, I've tried hard to be unbiased, logical, and supportive with quotes and links to information.
nuteshack, can you actually use logic to specifically argue against something in my last post?
Eagle1969,if you think there is little basis for a lawsuit, I disagree. I will provide an analysis below.
If there is legal fault found with the article, would it matter if stocklemon.com has many assets or not? If there is legal fault found with the article, and if the writer of the article made others aware of the article prior to it's publication, and if others took short positions prior to the publication and then profited by covering, and if the writer of the article received part of the profits, I would think that a lawsuit could perhaps receive part of those profits as damages, but I suppose I could be wrong. I believe you said you are or were a lawyer, so I'd be surprised if you think the article published only public information. How about you read my analysis below, and tell me your thoughts?
If a lawsuit is filed by Smart-tek Solutions Inc. in response to the article http://www.stocklemon.com/04_04_06.html (I suppose a lawsuit could have already been filed), STTK's stock price could rise quite a bit, in my opinion. I say that because I think that a good lawyer could have a very strong case against either www.stocklemon.com or the actual author(s) of the article or both. The article linked to above was dated April 4, 2006. The stock price of STTK closed at 1.739 on April 4, 2006, according to this link:
http://host.businessweek.com/businessweek/Historical_Quotes.html?Symbol=STTK&StartDate=01%2F01%2....
That link also shows that on April 5, 2006 the stock dropped and closed at 1.00. The link also shows that on April 6 the stock dropped and closed at .62. The current stock price is about .498. Now, the stock had risen quite a bit in a period of time prior to 1.739, and perhaps some profit taking would have occurred eventually anyway and driven down the price. But I wouldn't be surprised if the article influenced many people to panic and sell. I would be interested in knowing how much that the shareholder value was reduced when the stock dropped, but I don't want to provide an estimate here because I don't think I have enough information to provide an accurate calculation, and I'd prefer to provide an accurate calculation rather than an estimate.
Here's an earlier analysis of the article that I made, for those that may be new on the board. Also, it may be useful to provide some rational analysis, because sometimes a big drop in a stock price can cause emotional reactions:
Was there a lie in a www.stocklemon.com article? Here's some research you may wish to evaluate, in order to make your own judgements...
I took a look at this article again:
http://www.stocklemon.com/04_04_06.html
I noticed that at one point in the article it states:
"Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
At first glance I was surprised to read that Wang was allegedly quoted in the "next 10 press releases" because I had already done some research and found that Wang had NOT been mentioned (at least in the article section) in many Smart-tek Solutions, Inc. press releases. I reported those findings in this message here:
http://www.investorshub.com/boards/read_msg.asp?message_id=10665290
So, I decided to look further into the article's claim that "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
I reasoned that a statement claiming that Wang was quoted in 10 straight press releases could imply that Wang was/is an extremely important aspect of any possible hype or opinion regarding Smart-tek Solutions, Inc. Hence, if doubt could be cast about the credibility of someone perhaps deemed to be an extremely important aspect of hype or opinion surrounding Smart-tek Solutions, Inc., then Smart-tek Solutions, Inc. could be viewed more negatively than it may be viewed if doubt was cast about the credibility of a figure with only minor importance to hype or opinion surrounding Smart-tek Solutions, Inc.
so, I began research. What exactly was meant when the article stated "the next 10 press releases"?
The article states:
"http://www.primezone.com/newsroom/news.html?d=89717
Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
Were they referring to 10 press releases following this linked November 14 2005 press release?:
http://www.primezone.com/newsroom/news.html?d=89717
Well, if that's the case, let's try to find the next 10 press releases according to some different definitions of "next 10 press releases".
Doing a search, I found many press releases post November 14 2005 here:
http://finance.yahoo.com/q?s=sttk.ob
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-04-04T15:47:37-04:00
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-01-17T16:14:59-05:00&id=21118881
According to those links, and if I'm correct, it seems to me that the next 10 press releases (listed by earliest date to latest date, in order) following the November 14 2005 one are:
http://biz.yahoo.com/pz/051116/89919.html
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051122/90162.html
http://biz.yahoo.com/pz/051122/90210.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/051129/90446.html
http://biz.yahoo.com/pz/051129/90445.html
http://biz.yahoo.com/pz/051130/90510.html
http://biz.yahoo.com/pz/051205/90737.html
http://biz.yahoo.com/pz/051215/91333.html
I did a search for the term "Wang" in those 10 PRs and only found it in two of them, not all ten.
When the article stated "the next 10 press releases", could it have referred to 10 press releases linked to in the article itself?
Well, there are 10 links provided in the article after the comment of "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China." I'm not sure that I would consider all 10 links to be press releases, but you can decide yourself. Anyway, here they are:
http://www.gilardi.com/pdf/mtc2not.pdf
http://www.sec.gov/litigation/litreleases/lr15631.txt
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_015780
http://biz.yahoo.com/pz/060404/96758.html
http://biz.yahoo.com/pz/060403/96634.html
http://biz.yahoo.com/pz/060331/96536.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060321/95973.html
Now, I searched the text provided at those 10 links, and I only found the search term "Wang" in one of them; this one:
http://www.gilardi.com/pdf/mtc2not.pdf*
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."?
Could it have referred to the "next 10 press releases" that discussed bird flu or avian flu? Well, i did some research, and it seems to me that the next 10 press releases after November 14 2005 that had a title that seemed to refer to a bird flu or avian flu topic are:
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/060117/92395.html
http://biz.yahoo.com/pz/060224/94807.html
http://biz.yahoo.com/pz/060321/95973.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060329/96399.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060403/96634.html
I did a search of the text in those 10 links, and I only found the search term "Wang" mentioned in 3 of them.
The following PR was issued sometime prior to the final link in my list of links immediately above:
http://biz.yahoo.com/pz/060327/96280.html
I didn't find the search term "Wang" there either.
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
You decide for yourself. Feel free to check the accuracy of my research if you like, perhaps I made a mistake. If you find a mistake in my work, please notify me. Perhaps the www.stocklemon.com article made an honest mistake? I don't know.
But if you ask for my opinion based on the research I've provided above, I think that the article may have been intended to purposely provide information that was either misleading, contained a lie, or both.
One more thing. You may notice that the main article I have been discussing provides many links. Here it is again:
http://www.stocklemon.com/04_04_06.html
But did you notice that the article makes a "Conclusion" that mentions "Vancouver-based directors", yet the article does not provide any supporting links below the "Conclusion" text? Here is the text:
"Conclusion
We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter? In this case, it is the opinion of Stocklemon that the epidemic of stock promotion has nested itself in the drama of the bird flu virus story.
Cautious investing to all."
If you assume* that the article didn't catalog anything regarding the comment about Vancouver-based directors, then I wonder why didn't they catalog it. Could they really catalog it? I have my doubts, based in part on my opinion that the author(s) has poor credibility as a result of my above analysis of the comment about the "next 10 press releases". But judge for yourself.
*I don't think I read every single line of text from the text that was linked to in the article, but maybe you should read everything in order to see if you can make that assumption yourself. However, the following comment in the article itself suggests that the article didn't catalog it:
"We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter?"
Also,the article states:
"Amazingly, in its warning, the NASD singles out, but doesn’t name, a certain company:
One example includes a fax stating a company 'has the solution for tracking and containing the Bird Flu virus.'"
Does anyone think that that comment could perhaps be misleading to some people, people who might think (at first glance at least) that the company referred to is Smart-tek Solutions, Inc.? Has Smart-tek Solutions, Inc. ever sent out faxes about the bird flu? Not that I'm aware of, but if anyone knows of any, please let me know. Anyway, the comment about the faxes is yet another reason that I wonder about the credibility and intentions of the www.stocklemon.com article.
I'm not trying to suggest that the Goodwin Wang mentioned in Smart-tek Solutions, Inc. press releases is not the same Goodwin Wang that seemed to be mentioned in the www.stocklemon.com article. I'm also not trying to suggest that one should avoid doing research on all possible points of concern mentioned in the www.stocklemon.com article. I think one should try to make a balanced analysis of all information. I'm simply trying to make the points that I attempt to make in my analysis above.
If anyone finds a fault or different view regarding any of my text above, please let me know. However, I've tried hard to be unbiased, logical, and supportive with quotes and links to information.
There may be a strong financial incentive for any potential holders of restricted stock to sue over this article: http://www.stocklemon.com/04_04_06.html. I say that because the April 19 2006 conference call recently said, if I remember correctly, that the number of outstanding shares was about 73M and that about 48M of those were restricted. You may want to listen to the conference call to confirm that, if possible. If that information is correct, and if you consider the recently reduced value of those approximately 48M shares, a reduction in share price of, say, $.50 would have meant a reduction in the value of the restricted shares by about $24M, I would think. If the holder(s) of those restricted shares have enough money to pursue a lawsuit, and if they believe that the article spread lie(s), if they believe such act was intentional, and if they believe the article was intentionally responsible for causing a large reduction in the stock price (on the order of, say, .10, .20, .50, 1.00 or whatever) the holder(s) might be more than willing to risk money by suing in order to attempt to receive a large award in damages.
This stock closed at 1.739 BEFORE the $5M Bird Flu-related order with China was announced. It closed at that price on April 4 2006. See here:
http://host.businessweek.com/businessweek/Historical_Quotes.html?Symbol=sttk&StartDate=02%2F01%2...
The stocklemon article was also dated April 4 2006:
http://www.stocklemon.com/04_04_06.html
But the $5M order was announced AFTER that, in this April 5 2006 PR:
http://biz.yahoo.com/pz/060405/96858.html
For those that think the price will trend lower without a PR....I would think twice before assuming that.....because if there is a heavy short position in this stock, you could think about it this way:
If you have a shorter that's thinking about shorting or covering....and, let's say, for argument's sake, that an average short price was at .90.
Well, the current price is about .50....if a shorter considers shorting a stock, the most they can gain is about 100%. However, the most they can lose is virtually unlimited, I would say....if the price goes to $1.50 after a short at $.50, thats a loss of 200% on that trade.
Do people think that shorts are the only ones with money? What if someone with huge money comes in and buys a ton of shares with the aim of getting any potential existing shorts to panic and cover?
I don't think a PR is needed for this stock price to go up in the short term....a big rise in price could be triggered if there are shorts out there that have uncovered short sales and who then cover them.
The lower the price that a short sale occurs, the riskier it is, in my opinion.
It looked to me like NITE sold many shares the other day at .455, if I remember correctly. I believe I mentioned that in another post. If those were short sales, well, there's been a loss on those sales, since the price has risen since then.
Regarding short sales, the lower that a stock price goes, if i understand correctly, the greater the percentages are on the side of the longs, everything else equal, in this sense:
If a short sells at 1.00 and buys and covers at .45, the shorter has made a profit of 55% ((1.00-.45)/1.00).
But if a short sells at .45 and covers at 1.00, the shorter loses 122.22% ((.45-1.00)/.45).
imiloa, even if there are shorts who won't feel potential profits being reduced until, and if, a higher stock price is reached, do you think the shorts are likely to take a chance at the stock price going higher, or do you think that they might attempt to cover sooner rather than wait and hope for it to go lower? It could be quite risky for a short to wait and risk positive news driving this stock price up.
Here's a post I found interesting, it was written earlier in April 2006, I believe. The information may be outdated, I don't know, but it provides information that is purported short information from buyins.net:
http://www.investorshub.com/boards/read_msg.asp?message_id=10601530
Here's another article that mentions stocklemon.com:
http://www.pennysleuth.com/issues/08.18.05.html
I'm thinking that there could be massive short covering today. The reason I say that is this: When I watched Level 2 the day of the conference call(when the price was about .69 most of the day, I'd say), I don't think I saw NITE sell as much as I think he or her has sold other times. If that's the case, then maybe he/her didn't do relatively much short selling that day. The price gapped down the next morning on relatively very little volume. I'm thinking that if NITE didn't short relatively much the day of the conference call, and because the stock has now gone lower, NITE might want to cover today if he/she has uncovered shorts. Did NITE short any shares yesterday? Perhaps, but short covering may have also occurred when the stock rose to .55 or so. I will find it interesting to see what happens today.
Here's an interesting read about seemingly upcoming new reporting requirements regarding short interest in OTCBB stocks. Thanks to the person that wrote me an email, which helped me locate this link:
http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_016328.pdf#search='july%...
Did anyone read this? I believe someone else posted this, I'd be interested in reading any responses:
http://www.wallstreetdigest.com/specialstock/specialstocklogin.html
Don't you think that one could sue for a loss in shareholder value?
Perhaps Smart-tek Solutions, Inc. could get money as a result of a lawsuit if they promised to buy common stock. I don't know if that could be a result or not.
Shareholders of record on a particular date or dates could perhaps get money as a result of a lawsuit, I would think.
imiloa...if there are lawsuits against www.stocklemon.com, and if www.stocklemon.com has large legal fees, perhaps they would be willing to settle.
Something interesting about Vietnam....my sister has been there, and she said she saw someone drink snake blood. I believe she said it happened at a wedding. If that type of thing goes on there, then I wouldn't be surprised if bird flu occurs there.
The article http://www.stocklemon.com/04_04_06.html was dated April 4, 2006. That was over two weeks ago. Does anyone know of any examples of any situations where an article was responded to with a lawsuit? If so, I'd be curious to know how soon the lawsuit was filed after the article was published.
Huh
If the SEC does indeed start publishing short interest in the OTCBB stocks(I'm not sure if it's confirmed that that will happen or not...I think it may be confirmed that it will happen sometime in the future), professional shorters may have a much harder time making profits, because the possibility of the simple awareness of huge short interest in a stock may create buying demand from buyers wanting to be in when and if there's a massive rise due to short covering.
It looked to me like NITE sold a large number of shares at .455(possible shorting?).....let's see what happens, the current price is .48.
I believe in supply and demand...in my opinion, if a shorter has a massive amount of stock he sells, then, it doesn't necessarily mean the price will continue to go downward steadily. There could be a point where the price of the stock is so low that the price, in part, inspires massive buying as well, perhaps enough buying to buy all of the shares being sold by the shorter. If the price then rises right after that, and if the shorter is then at a loss for those trades he just sold short, it could trigger panic buying by the shorter.
I believe the SEC is considering making the amount of OTCBB short interest public. If that occurs, and if you hold on to this stock until then, it could inspire massive buying if it is demonstrated at that time that there is massive uncovered short activity on this stock at that time.
Correction to a post of mine, post #2165(http://www.investorshub.com/boards/read_msg.asp?message_id=10748589):
When I wrote that text, I wrote:
"As I write this, the stock price is about .68"
It should have read "As I write this, the stock price is about .48"
I have since corrected the text below, to now reflect the current price of about .455. Here's the corrected text:
This stock price could rise massively if a lawsuit is filed in response to the article http://www.stocklemon.com/04_04_06.html. If anyone becomes aware of such a lawsuit being filed, please let me know.
I mention the possibility of a massive rise in share price because I think that a good lawyer could have a very strong case against either www.stocklemon.com or the actual author(s) of the article or both. The article linked to above was dated April 4, 2006. The stock price of STTK closed at 1.739 on April 4, 2006, according to this link:
http://host.businessweek.com/businessweek/Historical_Quotes.html?Symbol=STTK&StartDate=01%2F01%2....
That link also shows that on April 5, 2006 the stock dropped and closed at 1.00. The link also shows that on April 6 the stock dropped and closed at .62. As I write this, the stock price is about .46. Now, the stock had risen quite a bit in a period of time prior to 1.739, and perhaps some profit taking would have occurred eventually anyway and driven down the price. But I wouldn't be surprised if the article influenced many people to panic and sell. I would be interested in knowing how much that the shareholder value was reduced when the stock dropped, but I don't want to provide an estimate here because I don't think I have enough information to provide an accurate calculation, and I'd prefer to provide an accurate calculation rather than an estimate.
Here's an earlier analysis of the article that I made, for those that may be new on the board. Also, it may be good to provide some rational analysis, because sometimes a big drop in a stock price can cause emotional reactions:
Was there a lie in a www.stocklemon.com article? Here's some research you may wish to evaluate, in order to make your own judgements...
I took a look at this article again:
http://www.stocklemon.com/04_04_06.html
I noticed that at one point in the article it states:
"Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
At first glance I was surprised to read that Wang was allegedly quoted in the "next 10 press releases" because I had already done some research and found that Wang had NOT been mentioned (at least in the article section) in many Smart-tek Solutions, Inc. press releases. I reported those findings in this message here:
http://www.investorshub.com/boards/read_msg.asp?message_id=10665290
So, I decided to look further into the article's claim that "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
I reasoned that a statement claiming that Wang was quoted in 10 straight press releases could imply that Wang was/is an extremely important aspect of any possible hype or opinion regarding Smart-tek Solutions, Inc. Hence, if doubt could be cast about the credibility of someone perhaps deemed to be an extremely important aspect of hype or opinion surrounding Smart-tek Solutions, Inc., then Smart-tek Solutions, Inc. could be viewed more negatively than it may be viewed if doubt was cast about the credibility of a figure with only minor importance to hype or opinion surrounding Smart-tek Solutions, Inc.
so, I began research. What exactly was meant when the article stated "the next 10 press releases"?
The article states:
"http://www.primezone.com/newsroom/news.html?d=89717
Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
Were they referring to 10 press releases following this linked November 14 2005 press release?:
http://www.primezone.com/newsroom/news.html?d=89717
Well, if that's the case, let's try to find the next 10 press releases according to some different definitions of "next 10 press releases".
Doing a search, I found many press releases post November 14 2005 here:
http://finance.yahoo.com/q?s=sttk.ob
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-04-04T15:47:37-04:00
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-01-17T16:14:59-05:00&id=21118881
According to those links, and if I'm correct, it seems to me that the next 10 press releases (listed by earliest date to latest date, in order) following the November 14 2005 one are:
http://biz.yahoo.com/pz/051116/89919.html
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051122/90162.html
http://biz.yahoo.com/pz/051122/90210.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/051129/90446.html
http://biz.yahoo.com/pz/051129/90445.html
http://biz.yahoo.com/pz/051130/90510.html
http://biz.yahoo.com/pz/051205/90737.html
http://biz.yahoo.com/pz/051215/91333.html
I did a search for the term "Wang" in those 10 PRs and only found it in two of them, not all ten.
When the article stated "the next 10 press releases", could it have referred to 10 press releases linked to in the article itself?
Well, there are 10 links provided in the article after the comment of "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China." I'm not sure that I would consider all 10 links to be press releases, but you can decide yourself. Anyway, here they are:
http://www.gilardi.com/pdf/mtc2not.pdf
http://www.sec.gov/litigation/litreleases/lr15631.txt
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_015780
http://biz.yahoo.com/pz/060404/96758.html
http://biz.yahoo.com/pz/060403/96634.html
http://biz.yahoo.com/pz/060331/96536.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060321/95973.html
Now, I searched the text provided at those 10 links, and I only found the search term "Wang" in one of them; this one:
http://www.gilardi.com/pdf/mtc2not.pdf*
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."?
Could it have referred to the "next 10 press releases" that discussed bird flu or avian flu? Well, i did some research, and it seems to me that the next 10 press releases after November 14 2005 that had a title that seemed to refer to a bird flu or avian flu topic are:
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/060117/92395.html
http://biz.yahoo.com/pz/060224/94807.html
http://biz.yahoo.com/pz/060321/95973.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060329/96399.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060403/96634.html
I did a search of the text in those 10 links, and I only found the search term "Wang" mentioned in 3 of them.
The following PR was issued sometime prior to the final link in my list of links immediately above:
http://biz.yahoo.com/pz/060327/96280.html
I didn't find the search term "Wang" there either.
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
You decide for yourself. Feel free to check the accuracy of my research if you like, perhaps I made a mistake. If you find a mistake in my work, please notify me. Perhaps the www.stocklemon.com article made an honest mistake? I don't know.
But if you ask for my opinion based on the research I've provided above, I think that the article may have been intended to purposely provide information that was either misleading, contained a lie, or both.
One more thing. You may notice that the main article I have been discussing provides many links. Here it is again:
http://www.stocklemon.com/04_04_06.html
But did you notice that the article makes a "Conclusion" that mentions "Vancouver-based directors", yet the article does not provide any supporting links below the "Conclusion" text? Here is the text:
"Conclusion
We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter? In this case, it is the opinion of Stocklemon that the epidemic of stock promotion has nested itself in the drama of the bird flu virus story.
Cautious investing to all."
If you assume* that the article didn't catalog anything regarding the comment about Vancouver-based directors, then I wonder why didn't they catalog it. Could they really catalog it? I have my doubts, based in part on my opinion that the author(s) has poor credibility as a result of my above analysis of the comment about the "next 10 press releases". But judge for yourself.
*I don't think I read every single line of text from the text that was linked to in the article, but maybe you should read everything in order to see if you can make that assumption yourself. However, the following comment in the article itself suggests that the article didn't catalog it:
"We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter?"
Also,the article states:
"Amazingly, in its warning, the NASD singles out, but doesn’t name, a certain company:
One example includes a fax stating a company 'has the solution for tracking and containing the Bird Flu virus.'"
Does anyone think that that comment could perhaps be misleading to some people, people who might think (at first glance at least) that the company referred to is Smart-tek Solutions, Inc.? Has Smart-tek Solutions, Inc. ever sent out faxes about the bird flu? Not that I'm aware of, but if anyone knows of any, please let me know. Anyway, the comment about the faxes is yet another reason that I wonder about the credibility and intentions of the www.stocklemon.com article.
I'm not trying to suggest that the Goodwin Wang mentioned in Smart-tek Solutions, Inc. press releases is not the same Goodwin Wang that seemed to be mentioned in the www.stocklemon.com article. I'm also not trying to suggest that one should avoid doing research on all possible points of concern mentioned in the www.stocklemon.com article. I think one should try to make a balanced analysis of all information. I'm simply trying to make the points that I attempt to make in my analysis above.
If anyone finds a fault or different view regarding any of my text above, please let me know. However, I've tried hard to be unbiased, logical, and supportive with quotes and links to information.
This stock price could rise massively if a lawsuit is filed in response to the article http://www.stocklemon.com/04_04_06.html. If anyone becomes aware of such a lawsuit being filed, please let me know.
I mention the possibility of a massive rise in share price because I think that a good lawyer could have a very strong case against either www.stocklemon.com or the actual author(s) of the article or both. The article linked to above was dated April 4, 2006. The stock price of STTK closed at 1.739 on April 4, 2006, according to this link:
http://host.businessweek.com/businessweek/Historical_Quotes.html?Symbol=STTK&StartDate=01%2F01%2....
That link also shows that on April 5, 2006 the stock dropped and closed at 1.00. The link also shows that on April 6 the stock dropped and closed at .62. As I write this, the stock price is about .68. Now, the stock had risen quite a bit in a period of time prior to 1.739, and perhaps some profit taking would have occurred eventually anyway and driven down the price. But I wouldn't be surprised if the article influenced many people to panic and sell. I would be interested in knowing how much that the shareholder value was reduced when the stock dropped, but I don't want to provide an estimate here because I don't think I have enough information to provide an accurate calculation, and I'd prefer to provide an accurate calculation rather than an estimate.
Here's an earlier analysis of the article that I made, for those that may be new on the board. Also, it may be good to provide some rational analysis, because sometimes a big drop in a stock price can cause emotional reactions:
Was there a lie in a www.stocklemon.com article? Here's some research you may wish to evaluate, in order to make your own judgements...
I took a look at this article again:
http://www.stocklemon.com/04_04_06.html
I noticed that at one point in the article it states:
"Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
At first glance I was surprised to read that Wang was allegedly quoted in the "next 10 press releases" because I had already done some research and found that Wang had NOT been mentioned (at least in the article section) in many Smart-tek Solutions, Inc. press releases. I reported those findings in this message here:
http://www.investorshub.com/boards/read_msg.asp?message_id=10665290
So, I decided to look further into the article's claim that "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
I reasoned that a statement claiming that Wang was quoted in 10 straight press releases could imply that Wang was/is an extremely important aspect of any possible hype or opinion regarding Smart-tek Solutions, Inc. Hence, if doubt could be cast about the credibility of someone perhaps deemed to be an extremely important aspect of hype or opinion surrounding Smart-tek Solutions, Inc., then Smart-tek Solutions, Inc. could be viewed more negatively than it may be viewed if doubt was cast about the credibility of a figure with only minor importance to hype or opinion surrounding Smart-tek Solutions, Inc.
so, I began research. What exactly was meant when the article stated "the next 10 press releases"?
The article states:
"http://www.primezone.com/newsroom/news.html?d=89717
Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
Were they referring to 10 press releases following this linked November 14 2005 press release?:
http://www.primezone.com/newsroom/news.html?d=89717
Well, if that's the case, let's try to find the next 10 press releases according to some different definitions of "next 10 press releases".
Doing a search, I found many press releases post November 14 2005 here:
http://finance.yahoo.com/q?s=sttk.ob
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-04-04T15:47:37-04:00
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-01-17T16:14:59-05:00&id=21118881
According to those links, and if I'm correct, it seems to me that the next 10 press releases (listed by earliest date to latest date, in order) following the November 14 2005 one are:
http://biz.yahoo.com/pz/051116/89919.html
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051122/90162.html
http://biz.yahoo.com/pz/051122/90210.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/051129/90446.html
http://biz.yahoo.com/pz/051129/90445.html
http://biz.yahoo.com/pz/051130/90510.html
http://biz.yahoo.com/pz/051205/90737.html
http://biz.yahoo.com/pz/051215/91333.html
I did a search for the term "Wang" in those 10 PRs and only found it in two of them, not all ten.
When the article stated "the next 10 press releases", could it have referred to 10 press releases linked to in the article itself?
Well, there are 10 links provided in the article after the comment of "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China." I'm not sure that I would consider all 10 links to be press releases, but you can decide yourself. Anyway, here they are:
http://www.gilardi.com/pdf/mtc2not.pdf
http://www.sec.gov/litigation/litreleases/lr15631.txt
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_015780
http://biz.yahoo.com/pz/060404/96758.html
http://biz.yahoo.com/pz/060403/96634.html
http://biz.yahoo.com/pz/060331/96536.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060321/95973.html
Now, I searched the text provided at those 10 links, and I only found the search term "Wang" in one of them; this one:
http://www.gilardi.com/pdf/mtc2not.pdf*
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."?
Could it have referred to the "next 10 press releases" that discussed bird flu or avian flu? Well, i did some research, and it seems to me that the next 10 press releases after November 14 2005 that had a title that seemed to refer to a bird flu or avian flu topic are:
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/060117/92395.html
http://biz.yahoo.com/pz/060224/94807.html
http://biz.yahoo.com/pz/060321/95973.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060329/96399.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060403/96634.html
I did a search of the text in those 10 links, and I only found the search term "Wang" mentioned in 3 of them.
The following PR was issued sometime prior to the final link in my list of links immediately above:
http://biz.yahoo.com/pz/060327/96280.html
I didn't find the search term "Wang" there either.
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
You decide for yourself. Feel free to check the accuracy of my research if you like, perhaps I made a mistake. If you find a mistake in my work, please notify me. Perhaps the www.stocklemon.com article made an honest mistake? I don't know.
But if you ask for my opinion based on the research I've provided above, I think that the article may have been intended to purposely provide information that was either misleading, contained a lie, or both.
One more thing. You may notice that the main article I have been discussing provides many links. Here it is again:
http://www.stocklemon.com/04_04_06.html
But did you notice that the article makes a "Conclusion" that mentions "Vancouver-based directors", yet the article does not provide any supporting links below the "Conclusion" text? Here is the text:
"Conclusion
We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter? In this case, it is the opinion of Stocklemon that the epidemic of stock promotion has nested itself in the drama of the bird flu virus story.
Cautious investing to all."
If you assume* that the article didn't catalog anything regarding the comment about Vancouver-based directors, then I wonder why didn't they catalog it. Could they really catalog it? I have my doubts, based in part on my opinion that the author(s) has poor credibility as a result of my above analysis of the comment about the "next 10 press releases". But judge for yourself.
*I don't think I read every single line of text from the text that was linked to in the article, but maybe you should read everything in order to see if you can make that assumption yourself. However, the following comment in the article itself suggests that the article didn't catalog it:
"We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter?"
Also,the article states:
"Amazingly, in its warning, the NASD singles out, but doesn’t name, a certain company:
One example includes a fax stating a company 'has the solution for tracking and containing the Bird Flu virus.'"
Does anyone think that that comment could perhaps be misleading to some people, people who might think (at first glance at least) that the company referred to is Smart-tek Solutions, Inc.? Has Smart-tek Solutions, Inc. ever sent out faxes about the bird flu? Not that I'm aware of, but if anyone knows of any, please let me know. Anyway, the comment about the faxes is yet another reason that I wonder about the credibility and intentions of the www.stocklemon.com article.
I'm not trying to suggest that the Goodwin Wang mentioned in Smart-tek Solutions, Inc. press releases is not the same Goodwin Wang that seemed to be mentioned in the www.stocklemon.com article. I'm also not trying to suggest that one should avoid doing research on all possible points of concern mentioned in the www.stocklemon.com article. I think one should try to make a balanced analysis of all information. I'm simply trying to make the points that I attempt to make in my analysis above.
If anyone finds a fault or different view regarding any of my text above, please let me know. However, I've tried hard to be unbiased, logical, and supportive with quotes and links to information.
Well if indeed there have been uncovered shorts at prices significantly above .49, it could be very risky for the uncovered shorters to avoid covering and instead to short further or to hope the price goes down even further. The price right now is very low compared to some recent prices.
Here's why I think there could be a big rise from the current level of about .489...there may be people wanting a cheap deal because the price is low compared to recent prices. Also, there could be a lot of short covering since the price is relatively cheap.
If a lawsuit is filed by Smart-tek Solutions Inc. in response to the article http://www.stocklemon.com/04_04_06.html (maybe a lawsuit could have already been filed?), STTK's stock price could rise heavily, in my opinion. I say that because I think that a good lawyer could have a very strong case against either www.stocklemon.com or the actual author(s) of the article or both. The article linked to above was dated April 4, 2006. The stock price of STTK closed at 1.739 on April 4, 2006, according to this link:
http://host.businessweek.com/businessweek/Historical_Quotes.html?Symbol=STTK&StartDate=01%2F01%2...
That link also shows that on April 5, 2006 the stock dropped and closed at 1.00. The link also shows that on April 6 the stock dropped and closed at .62. As I write this, the stock price is about .68. Now, the stock had risen quite a bit in a period of time prior to 1.739, and perhaps some profit taking would have occurred eventually anyway and driven down the price. But I wouldn't be surprised if the article influenced many people to panic and sell. I would be interested in knowing how much that the shareholder value was reduced when the stock dropped, but I don't want to provide an estimate here because I don't think I have enough information to provide an accurate calculation, and I'd prefer to provide an accurate calculation rather than an estimate.
Here's an earlier analysis of the article that I made, for those that may be new on the board:
Was there a lie in a www.stocklemon.com article? Here's some research you may wish to evaluate, in order to make your own judgements...
I took a look at this article again:
http://www.stocklemon.com/04_04_06.html
I noticed that at one point in the article it states:
"Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
At first glance I was surprised to read that Wang was allegedly quoted in the "next 10 press releases" because I had already done some research and found that Wang had NOT been mentioned (at least in the article section) in many Smart-tek Solutions, Inc. press releases. I reported those findings in this message here:
http://www.investorshub.com/boards/read_msg.asp?message_id=10665290
So, I decided to look further into the article's claim that "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
I reasoned that a statement claiming that Wang was quoted in 10 straight press releases could imply that Wang was/is an extremely important aspect of any possible hype or opinion regarding Smart-tek Solutions, Inc. Hence, if doubt could be cast about the credibility of someone perhaps deemed to be an extremely important aspect of hype or opinion surrounding Smart-tek Solutions, Inc., then Smart-tek Solutions, Inc. could be viewed more negatively than it may be viewed if doubt was cast about the credibility of a figure with only minor importance to hype or opinion surrounding Smart-tek Solutions, Inc.
so, I began research. What exactly was meant when the article stated "the next 10 press releases"?
The article states:
"http://www.primezone.com/newsroom/news.html?d=89717
Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
Were they referring to 10 press releases following this linked November 14 2005 press release?:
http://www.primezone.com/newsroom/news.html?d=89717
Well, if that's the case, let's try to find the next 10 press releases according to some different definitions of "next 10 press releases".
Doing a search, I found many press releases post November 14 2005 here:
http://finance.yahoo.com/q?s=sttk.ob
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-04-04T15:47:37-04:00
http://finance.yahoo.com/q/h?s=STTK.OB&t=2006-01-17T16:14:59-05:00&id=21118881
According to those links, and if I'm correct, it seems to me that the next 10 press releases (listed by earliest date to latest date, in order) following the November 14 2005 one are:
http://biz.yahoo.com/pz/051116/89919.html
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051122/90162.html
http://biz.yahoo.com/pz/051122/90210.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/051129/90446.html
http://biz.yahoo.com/pz/051129/90445.html
http://biz.yahoo.com/pz/051130/90510.html
http://biz.yahoo.com/pz/051205/90737.html
http://biz.yahoo.com/pz/051215/91333.html
I did a search for the term "Wang" in those 10 PRs and only found it in two of them, not all ten.
When the article stated "the next 10 press releases", could it have referred to 10 press releases linked to in the article itself?
Well, there are 10 links provided in the article after the comment of "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China." I'm not sure that I would consider all 10 links to be press releases, but you can decide yourself. Anyway, here they are:
http://www.gilardi.com/pdf/mtc2not.pdf
http://www.sec.gov/litigation/litreleases/lr15631.txt
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_015780
http://biz.yahoo.com/pz/060404/96758.html
http://biz.yahoo.com/pz/060403/96634.html
http://biz.yahoo.com/pz/060331/96536.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060321/95973.html
Now, I searched the text provided at those 10 links, and I only found the search term "Wang" in one of them; this one:
http://www.gilardi.com/pdf/mtc2not.pdf*
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."?
Could it have referred to the "next 10 press releases" that discussed bird flu or avian flu? Well, i did some research, and it seems to me that the next 10 press releases after November 14 2005 that had a title that seemed to refer to a bird flu or avian flu topic are:
http://biz.yahoo.com/pz/051121/90110.html
http://biz.yahoo.com/pz/051128/90366.html
http://biz.yahoo.com/pz/060117/92395.html
http://biz.yahoo.com/pz/060224/94807.html
http://biz.yahoo.com/pz/060321/95973.html
http://biz.yahoo.com/pz/060322/96027.html
http://biz.yahoo.com/pz/060328/96303.html
http://biz.yahoo.com/pz/060329/96399.html
http://biz.yahoo.com/pz/060330/96460.html
http://biz.yahoo.com/pz/060403/96634.html
I did a search of the text in those 10 links, and I only found the search term "Wang" mentioned in 3 of them.
The following PR was issued sometime prior to the final link in my list of links immediately above:
http://biz.yahoo.com/pz/060327/96280.html
I didn't find the search term "Wang" there either.
So, what was meant when the article http://www.stocklemon.com/04_04_06.html
stated: "Mr. Goodwin Wang is the managing director of SES and he is quoted in the next 10 press releases and seems to be the human gateway to China."
You decide for yourself. Feel free to check the accuracy of my research if you like, perhaps I made a mistake. If you find a mistake in my work, please notify me. Perhaps the www.stocklemon.com article made an honest mistake? I don't know.
But if you ask for my opinion based on the research I've provided above, I think that the article may have been intended to purposely provide information that was either misleading, contained a lie, or both.
One more thing. You may notice that the main article I have been discussing provides many links. Here it is again:
http://www.stocklemon.com/04_04_06.html
But did you notice that the article makes a "Conclusion" that mentions "Vancouver-based directors", yet the article does not provide any supporting links below the "Conclusion" text? Here is the text:
"Conclusion
We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter? In this case, it is the opinion of Stocklemon that the epidemic of stock promotion has nested itself in the drama of the bird flu virus story.
Cautious investing to all."
If you assume* that the article didn't catalog anything regarding the comment about Vancouver-based directors, then I wonder why didn't they catalog it. Could they really catalog it? I have my doubts, based in part on my opinion that the author(s) has poor credibility as a result of my above analysis of the comment about the "next 10 press releases". But judge for yourself.
*I don't think I read every single line of text from the text that was linked to in the article, but maybe you should read everything in order to see if you can make that assumption yourself. However, the following comment in the article itself suggests that the article didn't catalog it:
"We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a 'business idea' and any actual business, but does it really matter?"
Also,the article states:
"Amazingly, in its warning, the NASD singles out, but doesn’t name, a certain company:
One example includes a fax stating a company 'has the solution for tracking and containing the Bird Flu virus.'"
Does anyone think that that comment could perhaps be misleading to some people, people who might think (at first glance at least) that the company referred to is Smart-tek Solutions, Inc.? Has Smart-tek Solutions, Inc. ever sent out faxes about the bird flu? Not that I'm aware of, but if anyone knows of any, please let me know. Anyway, the comment about the faxes is yet another reason that I wonder about the credibility and intentions of the www.stocklemon.com article.
I'm not trying to suggest that the Goodwin Wang mentioned in Smart-tek Solutions, Inc. press releases is not the same Goodwin Wang that seemed to be mentioned in the www.stocklemon.com article. I'm also not trying to suggest that one should avoid doing research on all possible points of concern mentioned in the www.stocklemon.com article. I think one should try to make a balanced analysis of all information. I'm simply trying to make the points that I attempt to make in my analysis above.
If anyone finds a fault or different view regarding any of my text above, please let me know. However, I've tried hard to be unbiased, logical, and supportive with quotes and links to information.