None at all. He'll do or say anything to save his "investment". Though I find it interesting that he, like many chronic liars, apparently can't tell when he's being lied to.
Right now he's really chewing the carpet over at RB AZNT. The CEO of the company he so ardently supports:
--Has for nearly a year and a half been guaranteeing investors a shorts squeeze that never materializes.
--Is involved in at least eight lawsuits, probably more, and consequently has spent God knows how much on litigation.
--Stiffed the accountants who prepared the company's 1997 audit; stiffed his PR firm; stiffed the phone company, stiffed Dean Dumont, even at one point stiffed the DTC.
--Is hopelessly delinquent with AZNT's 1998 10K, which in a letter to the shareholders he categorically promised would appear on or before 31 March of this year. He's failed as well to submit a great many necessary 8Ks.
--Encouraged his father and Titan Investments, of which he was at one time president, to lend Andy Mann 480,000 shares of stock. What did Mann do with them? He shorted them. Surprise, surprise.
--Turned 4 million shares of stock over to Andy Mann without requiring him to pay for them. And offered this stock to Mann at a price of $0.25 a share at a time when market value was about $1.50. Hey, whadda discount!!
--Signed a letter of opinion declaring that 2 million of the aforesaid shares were "without hold", and should be signed over to Mann personally, which was done.
--Asked John Fasano, who was caught in an FBI/SEC sting operation in the Pig case, and subsequently indicted for securities fraud, to work as AZNT's IR guy. Only got rid of Fasano when we exposed him online.
--Accused me, in a crazed affidavit filed with the court, of having conspired to firebomb AZNT headquarters.
--Filed a press release claiming that AZNT's sweetener would soon be distributed to 250 Sweet Factory outlets by RETN, controlled by Kevin Vander Kelen, who'd owned a chunk of AZNT stock for about a year at that time. Alas, Sweet Factory executives say they've never heard of Vander Kelen. Mikey now says it was an "oversight" that the PR was never retracted, though we made one helluva fuss about it online.
--Posted at the AZNT website a diagram of the molecular structure of ToN that scientist friends said appeared to be a highly inflammable substance, doubtless unsuitable for ingestion. The diagram has since been removed from the site, but we mirrored it.
--Claimed that AZNT products would be on sale in "every mall in the country" by the end of October 1998. Far as we know, there are currently only three distributors (Pugs, of course, is one); the company does direct sales, but was without an 800 number from mid-January till sometime in June.
--Missed his revenue projections of $75 million for 1998 by more than $74 million.
Doesn't this sound like a GREAT investment? Who wouldn't be unswervingly loyal to management like Mikey? Oh yeah, and that's just the short list. I could go on.
But of course, all of the above is the fault of the Evil Canadian Shorts, and of course of yours truly....
The Kingpin
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