Replies to post #8567 on One Step Ahead

[zeninvestor32]

TIM71 RE: ROGER GLENN

That was an interesting catch by TSXMiner. I don't have all the details regarding Roger's representation of Brek. A quick search yielded only a few things. They were formally listed as First Ecom and traded on Nasdaq. It looks like they were among the many, many, many failed internet-based companies that attempted to switch gears and move in a different direction, becoming Brek in 2002 and pursuing oil/gas instead of further internet efforts (go figure). As far as I can tell, Roger represented them from 1999 when they went public until just before the end of 2002. It appears as though there were some significant management changes in 2002 as a result of the shift in business strategy from internet to oil/gas. It appears as though there were also some boiler room operations associated with Brek that were uncovered right around Roger's last recorded filing with Brek that became the subject of securities litigation (against certain Brek officers and offshore entities, NOT against Roger or EA). Perhaps Roger and Edwards Angell decided at that time that this was no longer a company either wished to be associated with?

It's really hard to say much more without asking Roger or others what he or Edwards Angell were aware of during the shift in 2002. It looks like that year was the year that things soured considerably for Brek, and that is the time at which it appears Roger stopped serving as counsel. What the details are beyond this I don't know. I have every confidence though that the bashers will fill us all in with every detail known to man on this. Along with every twisted implication that they can muster. Trace Bill Gates back far enough and I'm sure there are failed dealings associated with him too.

As far as I'm concerned, Roger is a partner in the NY office of one of the country's top law firms. He has also published a distinguished reference guide on the Sarbanes-Oxley Act which deals with corporate accountability/responsibility under the SEC's new guidelines. If his involvement with Brek was any sort of stain on him or Edwards Angell, imo he would not have remained working there for long, particularly as a partner. Without greater detail on Roger's involvement with First Ecom/Brek, this sounds to me like a lawyer who represented an internet company that failed, and a lawyer that subsequently stopped representing them once their business plan shifted and things became questionable. I am 100% confident you will get a very different interpretation from every basher. LOL

And I guess that's up to you to interpret how everything is presented and how you choose to perceive it.

[Bo14172]

Tim, thank you for the post.

The post is obviously manufactured, and I contend it was a matter of a person typing misrepresentations and actually typing in Atty Glenn's name WRONGFULLY. This post WAS NOT language from a specific link. I'll prove this in a bit.

First, it comes from the CMKX Board. For some they would say "enough said", and I could end my post now.

This one is too easy to dismiss, and I hope it serves to ease any concern.

First, I say again, there is no link. Prior to this post I typed a dissertation that was very lengthy about NATCO, BREK and the Bank of Bermuda. It went on for pages. Maybe it was a blessing my computer froze and I lost every keystroke of DD and comments that I typed. I was getting bored typing it myself..lol.
I'll give the highlights of it, then focus on one point to show this suspect post for what it is.

First, NATCO has been in business for 101 years as a transfer and registrar agent. A solid reputation with no mention of hint of association with Attorney Glenn: http://www.natco.org/

Next, the Bank of Bermuda. It services the entire island country and beyond. Founded in 1889, the group grew to span 17 of the world's key financial and offshore centres prior to joining the HSBC Group's network in February 2004.

Strongly positioned as a specialist in niche markets, the Bank's clients include high net worth individuals and families with cross-border wealth management needs, alternative investment vehicles, and offshore multi-national corporations. In serving these clients, the Bank focuses on combining technical expertise with a deep understanding of clients' needs to offer the customised financial solutions that set it apart from larger, commodity-type service providers. http://www.bankofbermuda.bm/

Seems like a very reputable commercial bank, and I find no mention of Atty Glenn on their site or news.

Last is BREK Energy. As you can see from the post, it is not from a link, as the first sentence of the post makes no sense! They simply mention 3 companies right in a row, and the names and factoids that aren't clear as to what company they are referring to.

I will prove to you that this suspect post was written with the intent to misrepresent AND the poster simply typed in the name of Atty Glenn. I found the 2 sources from which this suspect post orginates.

Let's look at the factsheet from Hoovers.com. I'll post the link then the language below:

Here is the link: http://www.hoovers.com/brek-energy/--ID__61160--/free-co-factsheet.xhtml

Here is the language:

Brek Energy (formerly First Ecom.com) has made a break with its past singular focus on electronic payment processing, to concentrate its efforts on oil and gas exploration. Making the shift in the middle of 2001, Brek Energy acquired an interest in Gasco Energy, an oil and gas exploration firm with holdings in the Rocky Mountains. The company subsequently acquired a stake in exploration independent Vallenar Energy (with assets in Texas). Prior to the reorganization, the electronic payment processing of e-commerce transactions for banks and merchants via the Internet was the sole revenue reporting segment for Brek Energy.
_______________________________________________________________

Note the almost word for word transposing the bogus post used in the intro. NOWHERE in Hoover's similar write up is Atty Glenn mentioned. The bogus poster simply typed Atty Glenn's name in. He provides no link, because he doesn't have one. He transposed the Hoover's link and WRONGFULLY added Glenn's name.

Further, I found this regarding the issues surrounding BREK Energy. This person used this article for the rest of his post. It is a questionable piece on it own, seeming to serve MM's. However, NO MENTION OF ATTY GLENN is in the piece.

Here is the link: http://www.kycnews.com/KYC/Archives/2002/11_Nov/kycalert_4.htm

I'll save bandwith and not post the language. As you can see no mention of Atty Glenn exists.

I find no link involving Atty Glenn, and I doubt one can be provided. Even if he was working for BREK, it was in a time period when BREK was doing well. BREK's troubles in the article NEVER mention Atty Glenn.

On BREK's website, news is posted as far back as January 31, 2002, and Atty Glenn is not mentioned once. Also, First Tiger is their transfer agent, not NATCO. I see no mention of NATCO. http://www.brekenergy.com/news.htm

Tim, I trust this helps.

Be well, Bo