Crashman,
You asked how Snake could claim that Doug Furth has been contacted by the naked short. This is INDEED a key issue, because you claim there is no evidence of a NSS. So, it would be fairly damaging to your claim if in fact a NSS contacted Furth.
Alfie3155 addressed this in a series of Posts on Yahoo on December 8. You can find it by doing a message search on his board name. (Incidentally, several people have verified that Alfie is in fact Douglas Furth of the Signature Fund. I myself emailed Furth at the Signature Fund, asking him to (a) verify that he posts as Alfie and (b) reply to my email using his J926@aol.com address. He did so.)
So what are the key Alfie/Furth quotations in this message thread? (All words in quotation marks are copied verbatim from his messages.)
1. "Yes I have been approached by at least one group who is short inquiring as to my intenti0ons and interest level for selling my shares. I advised them that I remained a buyer and not a seller. They further queried me as to potential sell targets and I did not give them one, save to say it would be a heck of a lot higher than the stock is trading now." (near the bottom)
2. Regarding a question of whether there is a viable plan to initiate a short squeeze he replied: "Yes, I do believe that the company has a viable expectation of success in this regard. I am betting a lot of my personal time and money on this." (from his first post in the thread)
3. Regarding the timing of this short squeeze, he replied: "There is a plan in place but it necessitates the coordination of several people, lawyers, shareholders, etc in order to fully unfold and that is why it has been so long in the undertaking.
Sooner or later it is going to reveal itself and I am asked the question of timing every day more times than I care to recount. But the answer is always the same, that being it will happen when everyone is coordinated and ready to pull the trigger.
I am working hard to try and make this happen but so far the pieces and parts are still not all lined up.
It could be any day now or it could take another few weeks given the weird time of year." (from his first post in the thread)
That was posted on December 8.
These are not "IMHO" statements by Furth. These are statements of fact. He is the largest shareholder we know of and has filed a 13G on his Signature Fund holdings. As the principal officer of that fund, he simply cannot be posting a bunch of deliberate lies on public message board. He cannot be making up the existance of a discussion with a short that did not take place. He cannot say that there is a plan in place if there was never a NSS to begin with.
Now, I think, the burden of proof shifts to where YOU need to prove that Furth is committing securities fraud by disseminating false material statements in a public forum.
Wadi Rum
