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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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From: rrufff2/25/2006 12:16:57 PM
   of 5034
 
Capsule Summary of NY Times article on OSTK/Byrne "menace":

thesanitycheck.com

Hard hitting investigative reporter Joe Nocera of the NY Times just released an article opining that Dr. Byrne is a menace to freedom of speech, as he makes fun of reporters and calls them liars and cheats when he feels that they are. He also goes so far as to publish their questions to him, giving the general public a feel for how they behave when they think nobody is looking – apparently that is bad, and he is bad. Bad bad bad.

The article is rather long winded, and basically includes every negative piece of opinion we’ve heard over the last 9 months from the NY financial press: Dr. Byrne is crazy (recall the Sith Lord CC) and mean (because he posted Roddy’s call where Roddy called him a liar) and trying to intimidate everyone into saying only good things about OSTK.

Of course, he ignores the literally many dozens of articles all saying how bad OSTK is, how crazy Byrne is, how innocent the hedge funds he is suing are. So either Dr. Byrne is the most incompetent bully on the planet, or all of this “menace” that Joe sees behind every email isn’t real. Could be a little of both. Or he is more interested in portraying Byrne in a negative light than he is in the truth – where have we seen that before?

How unexpected that the day after Byrne let it be known that his affiants supplied some of the info that Biovail is going to use in their suit against Stephen Cohen and Gradient, that the NY financial media would start an all out anti-Byrne Jihad, abandoning any pretense of fairness or disinterested detachment. Who could have predicted that? Oh, that’s right – I did. About 36 hours ago. Saw it coming from a mile away.

. . .

We are next treated to the obligatory bit about how smart and good Rocker is, and a laundry list of the 3 or 4 of the 40 or so shorts he has had that turned out to be frauds. No article like this is really complete without that – although it is hard to word them differently, as they have been recycled so many times amongst these courageous souls. Still, one has to try to work those in, and this article is no exception – they work very hard to make it seem that Byrne’s appearance as the devil in many many articles over the last few months never happened, and that instead, he is silencing everyone:
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