Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.580

-4.5%

Dec 4 3:59 PM EST

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To: Kevin Podsiadlik who wrote (6422)	1/28/2000 8:17:00 PM
From: Mike M	of 10293

More recently was the much-hooplaed announcement of a successful sale of "battery product", which, some cursory investigation revealed, was in fact a transfer of raw materials from VLNC to a VLNC subsidiary. If VLNC were legit, why would they feel the need to issue misleading press releases? Nice of you to defend Wexler's accusations but for him it is relative. He blisters VLNC forever for decisions which were made on someone else's watch. Yet IFMX management once falsified sales reporting and was completely forgiven. Other companies don't have to do anything wrong to be accused of "fraud" other than have a product that he doesn't understand. It's just obfuscation.

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