NOPT: Northeast Optic Network, Inc Message Board

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Technology Stocks : NOPT: Northeast Optic Network, Inc

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To: ynot who wrote (463)	8/2/1999 11:41:00 PM
From: RobbRacer	Read Replies (1) of 708

Hello All, This is my second attempt at writing this. My first was almost complete and my computer locked up ARGGGG! OK, Here is why so many people are now short NOPT and are convinced it will go down and certain individuals may go down with it. Background George Gilder who writes the Gilder technolgy report profiled this small company about 3 weeks ago in his paid newsletter. He wrote about 4 paragraphs highlighting the technolgogy of this company that will do about 5MM in Revenue this year and has current debt of about 180MM with interest payments of about 20MM annually. This company will not make any profit for years to come (if ever) and is a regional fiber optic "carrier of carriers" in the north eastern United States. It has put out misleading pr releases (IMO) to sucker individuals it has a significant future like publishing it has 70MM in backlogged contracts without mentioning the 70MM is over a 17 year period (no big deal if you don't like details). When George Gilder profiled the stock it went from about $17 to a high of $40 in about 2 weeks as his mailed report was desseminated throughout the US. After the pop, a well respected short seller by the name of Tom Hua discovered that the largest institutional holder was an investment firm by the name of Gilder Gagnon and Howe from New York which held 1 million shares of NOPT befor the report was issued. He thought it might be a strange coincidence that the large holder had the same name as the writer of the report who popped the stock. He called the company and confirmed that George Gilder was indeed the brother of Richard Gilder of Gilder Gagnon and Howe by Richard Gilders Secretary named Rita. Another member of the thread by the name of J.Y. Wang (see post 235)independently called Rita at 212-765-2500 and asked Rita if Richards brother named George was indeed the same George who wrote the Gilder technology letter. She confimed yes, this was indeed the case (oblivious to the ramifications of this seemingly innocent question). After word got out about the relationship, she later denied to callers that they were brothers and stated their was no relationship. Then Goerge Gilder himself posted on the thread (post 242) that he did have a father named Richard, a son named Richard, a late cousin named Richard, and a great grandfather named Richard but none of THEM were related to Riched Gilder of Gilder Gagnon and Howe. After what seemed like a cover up by a secratary who wasn't supposed to tell the truth we have discovered some other very interesting coincidences. I cannot disclose everything we have as it would be a violation of both SI terms and public records laws. -Richard Gilder is really Richard Gilder Junior of Gilder Gagnon and Howe, meaning both had fathers named Richard. -Both were born in New York -Both Gilders admit their father is dead -Both Gilders are big into politics with the same political affiliation -BOTH Richard and George have a tie in to Steve Forbes and Forbes Magazine. George writes for the magazine and Richard is the dinner chairman on Steve Forbes Campaign 2000 committee. -Background searches show that both Gilders have relatives with common names that by themselves are not common. -They are 6 years apart in age which shows feasability of them being brothers -Gilder Gagnon and Howe benefitted at least 20MM by Richard publishing this report right after they took a position. -We have records showing Gagnon and Howe holding at least 25,000 shares for undisclosed family members. There is some more information that I cannot currently disclose but you get the idea. The odds of all these items being coincidence is astronomical. We have also started to look at some other companies he has mentioned which Gilder Gagnon and Howe might have taken a position in prior to any published reports and it dosn't look good. The odds are too high. We are working on conclusive proof that hopefully will link them in a concrete way. We shold have this info by the end of the week but no promises. This info is hard to obtain and takes time. Regardless of the outcome we will disclose our findings. I still challenge both George Gilder and Gilder Gagnon Howe to issue press releases stating there is no relationship whatsoever. I know they won't do it because it would prove they lied and publically dissiminated documents which would only harm them further if proved true. Remember, I am even willing to reimburse them for the money spent on the pr releases. But I know it won't happen. Time will tell and the clock is ticking. To all the longs who think this is hog wash. If you don't believe it that is fine, but everything I have posted here is fact and just ignore what this info suggests if you don't believe it. I don't care if you sell your stock and don't need you to to make money. The facts are on my side. Even if none of this existed the stock is still a joke considering all the other companies you could invest in with a market cap of half a billion dollars that actually make money on revenues much larger than 5MM(what a joke)! Buyer BEWARE!! Rob

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