Oshinsky admits Turtlman was right! Here is a part of the post that Steve did on the Yahoo Ballard thread, that he left out here:
"Here is a short list of DCHT's customers,
and lo and behold, Antaues didnt' make the final cut. Id DCH embarrassed by Antaeus? Call them and ask them, I think the President of MTEY owes DCH a public apology, but other than that, their conscience is surely clear."
Unless my interpretation is incorrect, you (and presumably DCHT) are now claiming that DCHT was misled by MTEY into thinking that Antaeus was real and that Antaeus had a commercial product that could use DCHT's sensors, leading to CEO Haberman's statement in its Feb. 17th. press release that DCHT would soon be receiving orders of over $1,000,000 annually. You are saying that DCHT was lied to by MTEY, and that it was therefore not DCHT's fault that it made that faulty projection. Therefore what happened was stupidity on DCHT's fault, not fraud.
Perhaps that is true, although I think a court might decide otherwise. When a company is doing business at the rate of a few hundred thousand bucks per year, shouldn't it do minimal due diligence before announcing a deal that would multiply that many fold? Since I was able to figure out in a few minutes that the Antaeus thing was bogus, why couldn't DCHT? Could it be because DCHT was, as usual, trying to sell shares to stay alive and was willing to grasp at straws to keep the favorable news flow going? And although DCHT no longer lists Antaeus as a customer, why hasn't it put out a corrective press release to let people know not to rely on its previous prediction? If it won't do that, don't you think that the LEAST it can do is remove the Antaeus announcement from its website?
DCHT can't have it both ways - if it is honest, it apologizes for jumping the gun and removes all evidence of the phony contract from its website. How can it not do that, and still claim to be honest?
BTW, what is all this subpoena stuff? What are you or DCHT going to do, sue me for figuring out the truth before you and they were willing to admit it?
Let me say this: I would prefer to believe that DCHT's management is stupid for making the Antaeus announcement, rather than crooked. I don't think either is a good characteristic for a struggling small company to have, but people can learn from their mistakes if they have honorable intent. If they are con artists, then one can expect them to keep on lying.
I would suggest to anyone long the stock that they urge the company to fess up, yank the Antaeus announcement from the website, and put it behind them. If DCHT does that, and refrains from other misleading announcements, you won't hear a word of criticism from me, and it will have a much better chance of attracting the real support it needs if it is to survive and prosper long term. |
