Replies to post #1652 on NewMarket Technology (fka NWMT)

[starfire]

I do not know about WW but definitely there are (US)hedge fund paid 'bashers' on these boards. These could be private as well as Institutional. Anyways the issue is NMKT shares are shorted, Naked. I do not the relationship between NMKT & EVEN, TSHERI but obviously there is! Include BArry Allen as well. He knows EVEN pretty well. And I think BArry Allen knows Phil!! It is just my hunch.

[starfire]

I think you misread my message & the 8K. Both EVEN & TSHERI are working for a Broker/Dealer/Investment Bank. They have never posted one positive piece information about NMKT!

[eastunder]

in regard to IIG and NMKT. Personally, I think it is time CEO's take control of this issue. I am glad Phil is addressing it and this particular case with IIG may open doors to ending the manipulation created thru boards...Someone needs to care about manipulation and I believe a CEO should be that person, first and foremost. If he ignored it I would be more concerned.

Don Danks, Chairman and CEO of Imergent, Inc. Files $15 Million Lawsuit Against StockLemon.com and Its Principals for Libel and Defamation

Tuesday , April 12, 2005 12:30 ET

LOS ANGELES, CA, Apr 12, 2005 (MARKET WIRE via COMTEX) --Don Danks, the Chairman and CEO of Imergent, Inc. (AMEX: IIG) has filed suit in Los Angeles Superior Court against Stocklemon.com and its principals for $15 million. The suit also seeks punitive damages in an amount to be determined at the time of trial.

Among other things, the suit asserts a cause of action for defamation based on false, misleading and damaging allegations published over the Internet that has significantly damaged the reputation and standing of Mr. Danks as the CEO of Imergent, Inc., a publicly traded company. The suit also asserts causes of action for Interference with Prospective Economic Advantage, violations of California Corporate Code 25400c and Violations of 15USC 101 et seq., conspiracy and infliction of emotional distress.

Barry K. Rothman, attorney for Mr. Danks said, "Litigation has been filed against StockLemon.com and its principals, which litigation we intend to be the test case to disclose the fact that certain websites that profess to be consumer watchdog sites are really sites who manipulate the stock price of a given stock they have a vested financial interest in by intentionally publishing false and negative information regarding the stock, which causes StockLemon.com to make substantial profits when stock prices fall as a result of the false and negative information having been published. As well this litigation is intended to be a test case that will make it mandatory for principals of these self-professed consumer watchdog sites to disclose their identities, and the true identities of the fictitious names of the people who post. Most importantly this litigation is intended to be a test case that these websites have a financial motive in publishing the false and negative information they publish and they cannot hide behind Freedom of Speech and 1st Amendment Rights and we intend to have the court impose severe punitive damages against all defendants as a result of the outrageous defamation that has been published "for profit."

Said Mr. Danks, "The information published by Stocklemon.com is false, misleading and has been emotionally and financially devastating to me, my family, employees of Imergent as well as the majority of stockholders of Imergent. I intend to vigorously and aggressively prove that the statements made about me are false and I am prepared to take this case to trial if necessary to clear my name and reputation and to demonstrate that one cannot publish defamatory information for financial gain without consequences. I have conducted my entire professional career honestly and ethically and to be personally targeted like this by StockLemon.com will not be tolerated."

I say...good for you!And it's about time someone did something.