actually at the time it was still EMLX, and it was that idiot who was getting killed on his short position who posted a false press release on a bogus news wire
I think it was ELX!? Wasn't that the one where some x-newswire guy created a fake release that tanked the stock. He was caught and prosecuted. If that's the one you mean, that was an out-and-out hoax, not just a rumor.