To bobwins, phil, lentimen, AVATAR270 and the rest of the Art Bell Fan Club:
Some of your BS and my responses. Funny I don't see these types of personal attacks on the RB. Your apologies will be accepted!
Bobwins
"I agree on Derx. I haven't followed the RB board for months because it was redundant without any news but I did for a long time. Derx never went that long without posting to my knowledge...Maybe we will find the answer someday."
Me
Today's the day. Believe it or not I don't live for this. I made over $80,000 last week in my business (not related to selling stocks or CTC). Posting on chat boards comes way down the list. One of you guys actually took the time to investigate how often I post. I read this junk in spurts - sometimes the RB is so full of crap I lose interest only to be spurred on by some jerk that requires correction. FWIW - I lost over $2,000,000 on paper on BK day. You can calculate how much my portfolio has decreased since January...but I don't blame others unlike you members of the ABFC.
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lentimen
"Craps: Re: DERX. What do you want to bet he sold some of the zillions of shares of stock that were sold leading up to the announcement? We all know how unbelievably close he was to management. That coupled with his sudden silence leading up to the BK represents some serious evidence that he knew....Now, if he sold into it early in the week, he may have to answer to the SEC. If he didn't, he won't."
Me
See above answer. I used some of the $80k I banked in my business to buy CTC. Here's the last of several trades I made in an eTrade account on 5/5. If any of you ABFC members use eTrade you will recognize this copy and paste from my eTrade Alerts pop-up window:
05/05/05 1:54 PM EDT Buy 8500 CPTC @ 1.19 Executed Details / Edit
05/05/05 1:51 PM EDT Buy 500 CPTC @ 1.19 Executed Details / Edit
05/05/05 1:51 PM EDT Buy 1000 CPTC @ 1.19 Executed Details / Edit
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Rattman
"On RB there are so many new faces I think its the OLD ones with new names. And I also think some of those Big Names ( you know who you are) knew of this BK thing a little before it happened and I am sure you made a ton of cash... I hope someday you get burnt like most of us did yesterday."
Me
Someone made a boatload of money selling into the BK and repurchasing after. I can tell you 3 that didn't know and didn't sell before the BK - derx, patsy, garth. So who knew? The street is the street. Somehow the street knows. I trust CTC management wasn't involved - the stakes are way too high on this for them. I believe others outside of the CTC management team at CTC or at a supplier in the Pre-Pack somehow wittingly or unwittingly tipped off investors. It's too late now - the best that can happen for longs is too hang in there. I really feel for those that felt the squeeze and sold and now have to pay even more to get back in.
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Phil
"I knew the lawsuits had not been settled from reading the public filings, and told EP that in one of my posts. If you want to blame anyone for your losses, blame those two."
"Were they lying? Or were they distributing false information? Or did they just not know what they were talking about? In any case, they were not telling the truth as we now know it."
Me
So I was lying about the lawsuits? How do you figure? It would be stupid for me to say they didn't exist as any dummy can read the company filings and see they exist. The only lawsuit that I thought mattered in the history of CTC was the Goldsworthy suit which would have prevented CTC from selling anything. I suffered through that from 11/2001 until 12/2002. It was ruled on in favor of CTC with prejudice.
Obviously I was wrong about the seriousness of the Acquvest case. They and others truly are scabs (based on what I know) and are first class evidence of why the USA needs tort reform as it relates to spurious law suits. But don't just count me wrong, CTC was blind sided last month when Makino (I think he is the OC Superior Court Judge) ruled in favor of Acquvest in their 3rd attempt to freeze CTC assets. CTC literally thought the judge made a clerical error in that ruling and immediately filed an emergency stay which was denied. He had ruled against Acquvest twice before on the same matter and gave no prior indication that he would consider favoring it in a 3rd attempt.
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