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nez

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Posts 1789
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Alias Born 01/19/2006

nez

Re: pokerdv8 post# 9131

Friday, 03/10/2006 8:38:10 PM

Friday, March 10, 2006 8:38:10 PM

Post# of 33332
POKER
I have to agree with you poker and to tell you the truth, I hope they are successful so that I can accumulate more for my wife at lower prices!
My main complaint with people like shorts, 3x3 and the others including the "Worm" is, why do they expend so much time and effort posting on blogs and BBs about old news that is just rehashed. Granted there are crooked companys out there and PLNI, IMHO, has a chance of being one although I feel it a remote chance at best.
If I felt as strongly as these folks (shorts, audit calling card, GB and others who post on weekends and break 1000 posts in a very short time), I would use all of the time and effort to organize a blog or website or BB collecting people who have been misled and fleeced by JT and PLNI. They could then combine their "evidence'" with that of people that contact them and file some type of legal action.
I know that in the past, when companies or people were found and prosecuted for running a scam, they were basically given a slap on the wrist. I didn't really understand why this was until I considered things from the perspective of companies and CEOs. They are automatically taking taking a huge risk when they attempt to start their own buisness. From interest rates, competition, supply, demand, labor costs, overhead and all of the other things that can make or break a buisness.
Since commerse is an integral part of our countrys security and success, it makes sense to me that if the government were to come down overly hard on the few crooked companys out there, it would cause a "chilling effect" when it comes to undertaking the task of starting new a buisness endevor.
Now if a company has ripped off huge numbers of people, that too could hurt the economy. However, people who invest in Pink Sheet companys know what the risks are regardless of what the CEO says or doesn't say, I think it right that the bulk of the burden be on the shoulders of the accsers to prove that the company in question is guilty.
It shouldn't be hard to do as when a company like PLNI issues PRs there is a paper trail. When CEOs are interviewed, you also have them saying in their own words evidence that the accusers can use against them. Much of this is already used by the accusers in the form of cutting and pasting the same old information from the past over and over. (see many of shorts, calling card and others posts that do just that) simply to scare or cause possible future investors from joining the company. To me, and IMHO, this is just their way of trying to get even or taking out on the company, their anger at THEMSELVES for taking a loss. You don't lose until you sell! No one has any one to blame for a loss other than themselves. If they are the ones shorting a company then I can see why they would be desirous of stopping anyfurther demand and subsequent pps increase due to increase in demand.
I know of only one company that ripped off its investors and that is Enron.
I do know that there is a gradually building body of evidence pointing at "naked shorting" and "failure to fills" as being of the greater threat to our system of investing. This informaion was very enlightning and is also the subject of Motley. There is other information out there: (>http://www.businessjive.com/<, >http://bobosrevenge.blogspot.com/2006/01/dark-side-of-looking-glass-part-two.html< and http://www.thesanitycheck.com/)I find the way the information is presented and the statistics used to be far more convincing thatn these of the negitive BB posting community. I have to wonder if these folks are not the scam rather than the comapnys that they attempt to destroy. This is all JMO, but I for one am not going to let these people with their stale information stop me from investing in something I think has a high level of potential. If I'm wrong you won't see mee doing the negitive BB post boggy but rather move on and try to be more careful. Nez


Any society that would give up a little liberty to gain a little security will deserve neither and lose both.
Benjamin Franklin

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