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Re: kingthorpe post# 3941

Wednesday, 01/16/2008 5:47:16 AM

Wednesday, January 16, 2008 5:47:16 AM

Post# of 11473
My problem with ST is his lack of disclosure when he would write on these MBs. I found that unethical. I disscussed this with the company. Being paid as a consultant to the company and then commenting on it really bothered me. I know basically he is a honest guy but he came off as a pumper. I do believe he did not expect this stock to go this low. I never expected the stock to have more than a 30% down side from from around the $4 range with a huge upside potential.
I always knew that IM had many enemies and they just assumed anything he pumped was garabe and just short it because they know his game. You did point out he needed to have the stocks he pumps to hit a certain price to get compensated. Once that price is hit the shorts take over and win. He told me once that 98% of the pk sheets & OTC never recover when under attack. So the big boys that short the hell out of his stocks know it is like money in the bank. Unfortuanately IM knows this stock is different - like you say he fell into a bucket of gold and now he cannot stop the boys that short the hell out of his loser stocks. So he has to deflect this problem to illegal off shore shorting talk. I was told by one of his ex employee that one company he represented him was suing him. That was just one in his short employment with him. I wonder how many others have sued him.