Friday, May 26, 2006 7:38:46 PM
My search online for more information was inconclusive, although I did find this link:
http://www.miami-dadeclerk.com/civil/allparties.asp?pCase_Year=1998&pCase_Seq=8358&pCase_Cod...
which pretty much proves that the Ronald G. Williams of Tbeck Capital is the same Williams with the lengthy criminal record in Ballplayer's link.
Here is some more info on that particular case:
http://verdictsearch.com/news/specials/0204verdicts_universal.jsp
Paricularly relevant, I feel, are these lines:
"Then, Tifford said, the investors began manipulating the stock -- initially hyping it to drive up the price, and then, after selling high, placing massive short-sell orders (bets that a stock will drop in price) and driving down the stock price by selling it back and forth to themselves. The price dropped from $2 to 0.02 cents per share and cost Universal almost $90 million."
My research into this matter so far reveals nothing that would question the legitimacy of PECB, and would actually portray this company as a victim if such malfeasance was actually taking pace.
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