"No one is more incensed than renowned VC Donald Valentine, who backed Yahoo and Cisco: "The new company is not the customer," he says. "The bank's customer is the institutional investor. The victim is the small company that needs money." "
CCE lost their SEC lawsuit for fraud. They were also involved in insider trading and lost that suit as well. Westergaard is still currently being sued for fraud during his astn coverage. He had no disclaimers on his material, astn material included. He was also posting that people should mortgage their homes to buy astn and to do it on margin. Posts are here, scroll down http://www.mary.cc/astn
>As for your postulated exit theory (unless you are posting inside information), more common these days is to allow a period of dormancy following the CDDS. Then RS the stock and start the whole thing over again or some similar variation. Cash cows get milked, not cut up for hamburger.
That is kind of what they are doing at FONX. CD takes it down, stock prmoters bid it back up, another CD takes it down... The thing is you can only promise to deliver your product for so long then people get sick of it. FONX been in business years, still not profitable, just like astn in that sense. Product is always almost finished. ASTN product was supposed to be profitable years ago.
>Also far more common (and more destructive) than "paid shills" are the "paid bashers" who's job it is to tear down a company that has been shorted. Sometimes it is done in conjunction with the CDDS. Other times it is done to drive the price down for someone to get control of a company. Other times it is just to collect on a short position. Look outside the US and you'll see vultures in every corner of the globe, waiting to pick at the bones of an American shareholder.
That paid basher thing is a myth. There are no paid bashers like there are paid stock promoters. I've seen shorters short stocks without making a post. Look at vtwn during first big short. Not a post on any message board anywhere. It just dumped. I'm not saying it isn't possible, just that it isn't that likely. People make negative posts about negative things in negative companies. I believe they are more honest because they risk being sued. If you go and post "this stock is great" they will NEVER sue you. If you post "this stock sucks" they will sue you. Bashers are mythical scape goats for hypesters. They are just blamed when the stock price dumps because of company actions.
___________________________ Just say NO to stock fraud!
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