Evidentally "the company itself" DIDNT file a formal 8k filing indicating that the liquidation extension was cancelled.
Obviously they notified their proxy firm Morrows Sodali. I never requested information concerning whether or not the Special Meeting to extend the liquidation of ELEC would be granted or not. I never asked such a question. Morrows Sodali made a statement within the body of their email response indicating that the meeting was cancelled and the liquidation would be moving forward. They also indicated that the warrants wood be valueless post liquidation.
Naturally that statement was very disconcerting and it went against everything all of the hyperbole spinners were spinning on Friday, Saturday, Sunday and Monday morning.
Why would I, in good conscience, refrain from posting the most up-to-date information as expeditiously as I could?
I'm not certain if you were present moments after I pasted the email, but I was immediately accosted and threatened by several individuals here, stating that the email was fake and that if it could not be confirmed, there would be hell to pay for me etc etc ad nauseum. One by one, as individuals began confirming that the contents of the email was true & the sender was vetted, they started selling the warrants down.
I do not short sell penny stocks or penny warrants. Im not set up to do so. I did not profit from the rapid descent of the warrant price that ensued after the truth had been disseminated.
By Nature, I am a bottom bounce trader. I seek stocks that typically fall anywhere from 50% - 90% in a single session, regardless of the reason. ELECW just so happened to have fallen below 60% and I purchased warrants at around that level and sold them on a bounce.
There is nothing illegal or immoral about doing so. Everyone here appeared to be highly upset and accusing me of falsifying an email which I did not falsify. I get it. The hyperbole spinners were upset that their version of what they were spinning since last Friday was 100% inaccurate and one by one, they themselves began selling.
Then the bashing continued against me and my character, for merely pasting the most up-to-date and relevant information that ANY OF YOU could have and would have received if only you conducted basic due diligence and emailed Morrows Sodali. After all, they are the point of contact listed in filings with the SEC. The information you would have obtained would have been identical to the information I received, even though I did not ask to receive any information about the special meeting being extended or cancelled.
So yes, I am definitely owed an apology by all of those individuals that's told me that the email was a fraud/hoax/lie etc.
It wasnt. And shortly after receiving that initial email, a second email came in from the vice president of the proxy division essentially stating the exact same thing as the first email. And AGAIN, providing me an answer to a question I never asked.
I believe I posted that email as well on Monday and it has been posted many times thereafter.
Those that are very bitter that the special meeting to extend the liquidation has been cancelled, I just angry and they attempted to shoot the messenger.
False allegations of Insider information were tossed at me as if I had requested information that was non-public.
Please scroll back through the posts from Tuesday, Wednesday and Thursday and you will clearly see that other forum participants performed their own vetting and validation by submitting their own questions to Morrows Sodali. They then posted the email response provided to them from Morrows Sodali and guess what? It MIRRORED the information provided to me, that I didn't even request, on Monday.
So now I pose the obvious question: " is everyone that emails Morrows Sodali and receives the very same answer I did on Monday that the company is moving forward with the liquidation, the special meeting has been canceled and the warrants will be deemed valueless by or shortly after the June 5th deadline - be found guilty???" Or is it just me... because perhaps I was just one of the first individuals that firm sent information out to.
If it was one of you that received the email and had a difference of opinion of all of those spinning hyperbole since Friday of last week, why would you allow unsuspecting investors to continue purchasing warrants that you new would definitely be valueless based upon the most up-to-date email received?
THAT'S WRONG on so many levels, yet I'm the bad guy?
So yes, I deserve an apology
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