OT--Re: Halpern, CXN, the CEO Council, and Investrend
You're going to spoil it for people who want to believe what Halpern wrote or released under his name, Mighty_Mezz. One look at CXN's latest 10-QSB should make it clear that the least of that company's problems involves naked short sales. CXN's auditors included a "going concern" notice in their latest report, and the company itself noted the following in its 12 August 2005 filing:
"We reported a net loss of $2,407,841 for the three months ending June 30, 2005 and a net loss of $3,964,870 for the six months ending June 30, 2005. At June 30, 2005 and 2004, respectively, we reported accumulated deficits of $30,992,700 and $25,496,167."
Of course, Halpern is affiliated with the CEO Council, which in turn is a creation of Investrend Communications. As you know, Mighty_Mezz, FinancialWire.net is the "news service" that was created by Investrend. Gayle Essary is the CEO of Investrend Communications, Managing Director of the issuer-paid Investrend Research, and Director Emeritus of the CEO Council. Investrend essentially boils down to a series of products and services that Essary terms "shareholder empowerment platforms"--which I read as a euphemism for stock promotion services. How anyone can read FinancialWire.net's published rants and equate them with legitimate journalism about the financial markets is beyond me, but Essary's innovation was to marry a bully pulpit masquerading as a news service to other dime-a-dozen promotional vehicles.
At great risk of encouraging those who are certain that height-challenged European nudists are attempting to damage a company in which they're invested, here's a link to an interesting counterpoint to Halpern and the Investrend perspective, published on 8 December 2003 in Business Week Online:
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