Here's my first Junior Moron nominee. Alas I can't find any of his very BEST posts, but this should give you an idea.
Background: last fall Feraldo was aggressively invested in IFCI, or so he said. He was convinced, for a variety of nonsensical "reasons", that the stock would soar to 25 by year's end, or at least by February. At that point, a scambuster calling himself "x-files" appeared on the scene and pointed out some hard truths. The company is being promoted by Liviakis, big bummer, expert pump 'n' dump artists. Liviakis had options on 2 million shares, exercisable in January at one dollar. There were also several gazillion warrants. AND, if I recall aright, a Reg-S deal. X tried to explain what was likely to occur, and I joined in, but as so often happens the thread regulars, far from taking a look at the SEC filings, waxed exceedingly wroth. Feraldo was quite nasty about the whole thing. Needless to say, the stock didn't do very well, though it hasn't utterly collapsed (unusual for a Liviakis company). Feraldo was unabashed that his predictions turned out to be entirely wrong, and claimed to have made money anyway. Now he's returned:
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Modest as ever. He's sure the monstrous dilution that's in store for this baby won't matter:
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Meanwhile, he's into other stuff too. The following humble post has the added virtue of involving Myron Z as well:
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Anyone vote that Feraldo's mom take his computer away? |
