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Pastimes : Investment Chat Board Lawsuits

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To: Jeffrey S. Mitchell who wrote (298)6/3/2000 8:01:00 PM
From: StockDung   of 12465
 
Thank You->"The plaintiff in this case, for example, could have easily gone onto the bulletin board where the allegedly false statements were originally posted and simply responded by correcting what he believed to be inaccurate information. The ACLU maintains that the existence of this "self-help remedy" suggests that courts must exercise caution in evaluating a plaintiff's allegations that a defamatory posting caused him harm because unlike other mediums of communication, the Internet provides an immediate right to reply to any potentially defamatory statement. Thus, the ACLU asserts that if speakers were to face liability for casual remarks made on Internet bulletin boards, they are likely to refrain from speaking entirely or to avoid any speech that might risk liability. In short, the possibility of chilling vigorous public discussion on the Internet by virtue of hasty court action could quickly become reality."

Message 13822306
=============================================================
Posted on ragingbull ziasun message board by Anthony L. Tobin President and CEO of Ziasun at the time.

By: PresCEO
Reply To: None Sunday, 28 Mar 1999 at 12:47 AM EST
Post # of 5734

ZIASUN TO INVESTIGATE

Steven Rogers is an employee of Momentum Asia Inc, a wholly-owned subsidiary of ZiaSun Technologies Inc (ZSUN).

Mr Roger's responsibilities include, among other things, monitoring message boards, like Raging Bull, and correcting any inaccuracies or misinformation about ZiaSun and any of its subsidiaries.

We will be looking carefully at Mr Roger's recent activities on Raging Bull to ascertain whether he has overstepped his brief, and (if deemed necessary) take appropriate action.

ZiaSun is a serious company with a great future, which we do not want jeopardized.

I am not a regular follower of this message board. Too busy working on a number of exciting projects about to be launched and/or expanded!

But, I would be happy to answer any questions by e-mail.

Anthony L Tobin
President and CEO
ZiaSun Technologies Inc
atobin@ziasun.com
www.ziasun.com
====================================================

Message 3580788
To: Robert Schling (0 )
From: Steven Rogers (Trial Member) Tuesday, Mar 3 1998 12:02AM ET
Reply # of 208

Robert (& Others),

My company handles Asian stockholder relations for Titan. I'd like to correct a couple of errors, and provide some additional information.

First, Titans do not sell for 50k minimum. Titan's standard models range from $23,995 to $28,495. Custom order jobs, which take 6-8 weeks to produce, range considerably higher.
=================================================

This poster is defendant Gus, he is the one that caught Steve Rogers and exposed him on the message boards;

By: stockdoc_1999
Reply To: None Saturday, 27 Mar 1999 at 3:38 AM EST
Post # of 22141


Steve Subin...or is it Steve Rogers (I also monitor the SI boards)...I have one question. Can I assume that you have a personal stake in ZSUN? After all, since you work for the company, they must issue stock or stock options as a payment. I mean, if ZSUN is all that I think it is, then we are sitting on a goldmine, and you, who works for the company, knows the inside scoop of the company, and probably receives some sort of salary in the form of stock and stock options will probably be able to retire in 5 years. As I said, don't be offended by my posts. I am only playing devil's advocate here.
========================================================

Fellow defendanut Gus discovered that insider Steve Rogers was touting zsun and the sued him to to keep him quiet. Have they no shame? I think its in Ziasuns employee guide on how to be a pump and dump artist on the internet. This was my favorite line from multiple alias Steve;
Desperation is the mother of invention

"I asked my boss for permission to post. It was first refused, then granted with restrictions that by that time I had already violated. I tried to close it out cleanly, didn't realize the computer remembers the login name, and shot myself and all of us in the foot."

SI View PeopleMarks Bookmark this Profile Send a Private Message

Name Steven Rogers (steve@momentumplus.com)
Member Since Apr 22, 1998
Company Momentum Asia
Occupation\Title Writer/manager
Age 40
Location Subic Bay, Philippines
College Too many to list
Degree none

Favorite Stocks BKS, LU, WLA, OTRX, FGI, TMAR, DO, OHI, ENN, PDGE, NVIC, TMOT
Investment
Style Style?? Strategy??
Experience few years
Interests and
Hobbies kayaking, backpacking, snorkeling
Quote Desperation is the mother of invention

Discussion | People | MetaCrawler

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By: invest2020
Reply To: 77 by bighittman Saturday, 27 Mar 1999 at 1:01 PM EST
Post # of 5730

For the last time, really.

I posted as two different people. That was a total mistake. I did NOT lie, I did NOT hype, I did NOT reveal inside information. I think if you read the posts that will be clear. I wanted to provide useful information, I did it wrong. Nobody asked me to post. I asked my boss for permission to post. It was first refused, then granted with restrictions that by that time I had already violated. I tried to close it out cleanly, didn't realize the computer remembers the login name, and shot myself and all of us in the foot.

I'm here at 2AM reviewing the fact that I will in all likelihood be fired on Monday morning, losing a job with a company I like working for and which I think has terrific prospects. Believe me, I feel like death, and I'm sorry if I don't make sense.

Doc, if you have people in Manila and HK, please send them to our offices and report what you hear, That would at least help to undo what I've done. HK address is on the website. Manila is not, it's new. The address is Penthouse 3, Manila Luxury Condominium, Pearl Street, Ortigas Center. Phone is (632) 637 3508. Talk to Mike Palacios or Mike McCusker. Real people, doing real work, they won't know anything about anything to do with IR, they're strictly production people. As I was. If I wasn't a bloody idiot cubed, that's what I'd have stayed.

I'm actually kind of good at what I do. I went outside my competence, made a terrific mess, and all I can do is apologize. I don't think it will go over very well here, or with Tony Tobin.

It's not just expecting to lose the job. It's knowing I've screwed people that I have a lot of respect for, people that trusted me, and it feels really, really, bad.

I don't think you guys need any more of my self-flagellation; I'll go and do it in private. Please don't judge the company by me.

Alias Page for invest2020
Current E-Mail Address: Private
Name: Steve Wallace
Location: Hong Kong
Age: 43
Occupation: Advertising
College: Plenty
Degree: yup
Interests: making money, spending it
Favorite Stock(s): volatile, strong upside potential
Investment Style: aggressive and eclectic
Favorite Quote: The best thing I can do for the poor is
Member Since: Sunday 21-Mar-1999

Posts By invest2020 (9 Posts)

| First 100 Posts | Previous 100 Posts | Next 100 Posts | Last 100 Posts |

[ZSUN]: Ziasun Tech
For the last time, really. I posted as two diffe
#80, Posted on Saturday, 27 Mar 1999 at 1:01 PM EST
[ZSUN]: Ziasun Tech
Truth. You're not confused at all. You're sma
#75, Posted on Saturday, 27 Mar 1999 at 8:02 AM EST
[ZSUN]: Ziasun Tech
I've got to run home in a minute (Saturday aftern
#72, Posted on Saturday, 27 Mar 1999 at 3:49 AM EST
[ZSUN]: Ziasun Tech
We seem to be building a new base in the $10-12 r
#55, Posted on Thursday, 25 Mar 1999 at 7:38 PM EST
[ZSUN]: Ziasun Tech
The barter company is probably a better deal than
#44, Posted on Monday, 22 Mar 1999 at 7:44 PM EST
[ZSUN]: Ziasun Tech
You made my night with that one, cash4us. I'm st
#40, Posted on Monday, 22 Mar 1999 at 10:01 AM EST
[ZSUN]: Ziasun Tech
No, I'm not in xnet, though I watched the perform
#36, Posted on Sunday, 21 Mar 1999 at 11:11 PM EST
[ZSUN]: Ziasun Tech
I live and work in HK; friends of mine are person
#34, Posted on Sunday, 21 Mar 1999 at 10:04 PM EST
[ZSUN]: Ziasun Tech
I've been holding this for 6 months, sold half at
#32, Posted on Sunday, 21 Mar 1999 at 9:47 PM EST
| First 100 Posts | Previous 100 Posts | Next 100 Posts | Last 100 Posts |

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By: invest2020
Reply To: None Saturday, 27 Mar 1999 at 8:02 AM EST
Post # of 5730

Truth.

You're not confused at all. You're smart, I've been uncontrollably stupid, we have a final confession before I go to get my butt deservedly whipped by a whole line of people.

Sequence of events:

1. I posted on the SI thread, and was told not to by my own people.
2. I decided entirely of my own accord, no prompting from anyone, that since I couldn't post as me, I would post as someone else and provide useful information to all. Dumb.
3. I received permission to post as myself, did so on SI, and was invited in completely good faith, by people who knew nothing of any of this, to post here.
4. I decided with huge relief to get rid of this fictitious person forever and just be me.
5. The computer remembered who I wasn't, and announced it to all, as you noticed.

So now I do the only thing I know how to do when I've f--cked up big time, which is to come completely clean, apologize, and walk away. I will surely be told on Monday that I am never to approach a ZSUN message board again for all eternity. Which I would do without being told, as I obviously don't belong here. Seemed so innocent at the time.

Not that I have any credibility left, but actual substance of all posts is absolutely and to the best of my ability true.

I am completely aware of the ramifications of this one, and that I've done more damage to all of us than I could have ever hoped to prevent. The intention was good, the method dead wrong.

Once again, nobody told me to do that, and I am going to be in the sh-t big time when the e-mail I just sent to my own people gets read. Whatever comes back is on my head and mine only.

I guess that's enough. Not enough, really, but what else can I say?

Good luck to all.
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