What was Pugs really saying off the public thread...
not at all like what he posted on this thread...
Date: Sun, 7 Feb 1999 23:27:42 EST
To: Rich1@XXXXXXXXXX, RMIL@psicop.com
Mime-Version: 1.0
Subject: Re: RMIL
Content-Type: text/plain; charset=US-ASCII
Content-Transfer-Encoding: 7bit
X-Mailer: AOL 4.0 for Windows 95 sub 224
Status:
X-Mozilla-Status: 8011
X-Mozilla-Status2: 00000000
X-UIDL: 34fc8f45000008ed
I'm afraid RMIL will NEVER trade as long as the financials have to beaddressed. This is purely my OPINION, I hope I'm wrong, but it was only a 10 day halt. I think I'm right.
Pugs
Message #41290 from tonto at Feb 11 1998 6:28AM
FALSE AND MISLEADING INFORMATION:
RMIL is a similiar story with its releases pertaining to sales contracts, plants operating at capacity and profitably, plants operating when they were evicted from that location, plants being owned by the company when they are not, vessel ready to move and is beautiful when it is sunk in the harbor of Jamaica,...
I have stressed this from the beginning, the SEC must censure the company regarding these terrible acts. Morgan, Financials, and the SEC.
"Presstek violated the antifraud provisions by falsely stating in its November 7 release that Heidelberg
"has sold over 500" Quickmasters, when in fact Heidelberg had merely received that many orders.
3. Liability for Inaccurate Projections
And False Statements by Others
a. Entanglement Liability
An issuer is liable for inaccuracies in a research report published by someone else if it "sufficiently
entangled itself" with such information to render them attributable to the issuer. Elkind v. Liggett &
Myers, Inc., 635 F.2d 156, 163 (2d Cir. 1980). The brochure! "We have no doubt that a company may so involve itself in the preparation of reports and projections by outsiders as to assume a duty to correct material errors in those projections. This may occur when officials of the company have, by their actions, made an implied representation that the information they have reviewed is true or at least in accordance with the company's views." This is very bad for RMIL.
"By distributing misleading projections to investors, an issuer can be held liable for having impliedly adopted such misleading information. See Cypress Semiconductors, 891 F. Supp. at 1377"
Pugs wants everyone to believe everything is going to plan, a plan that RMIL controls...he is flat out wrong and investors should be cautioned. Those with an investment already made in this company should make sure that the company understands your personal concerns, and that it must start to give you straight honest answers to your questions. They are not your friends.
|
