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Friday, January 18, 2013 3:24:26 PM
The AMF allegation includes comments that there was a coordinated network of traders that would profit by buying and selling on the swings with the help of the PRs. I find that very plausible as in the early years there were certainly fairly regularly slow swings down and sharp swings up. That is why I am ahead for involvement with WDRP (not being part of the alleged network, just trading the swings, building a free core position).
As Sunspotter points out a number of this crew's companies had grand finale acts centered upon rumored buy-out offers to drive the stock to new highs.
My own current opinion is theory #1 (aka theory #6)
When they failed to release internal numbers, that was a large red-flag to me that they finally understood that a product would be a hard sell. When they released hidden results for the single cavity design and then changed course into the multi-cavity that was the first sign that they were seeing beyond invention phase rosy glasses and seeing the real physics.
Just exactly what is the hold-up with Intertek is obscure, but imo it certainly is not the lack of sufficient equipment for the tests.
As far a having relations with reputable businesses, Design 1, UL, and Intertek, I am still of the opinion that these firms will take on as a client any company that will pay for their services. Having (or having had) a contract with them only proves Wanderport came up with sufficient money to contract for work.
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