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Microcap & Penny Stocks : Amplidyne, AMPD
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To: Ken Carter who wrote (468)9/22/1999 6:15:00 PM
From: A@P Trader  Read Replies (2) of 538
 
The following is a patently false statement made by the Dow Jones reporter Zafeeda the Dorita.

" Any one who had short interest in Amplidyne's stock when the
press release went public spent the end of that week scrambling
to cover their positions as the stock roared to a 52-week high
of 16 3/4 on Sept. 10. That's because short sellers profit by
borrowing shares, selling them and repurchasing the stock at a
lower price.
In the past two weeks, six lawsuits have been filed against
Amplidyne by short sellers seeking class action status. The main charges: That Amplidyne artificially inflated the price of its
stock by making misleading statements about the uniqueness, cost
and capabilities of its new wireless Internet access products.
Behind the action is a group of controversial online traders
who portray themselves as vigilantes exposing dubious claims by
companies. After getting burned by Amplidyne's stock, they waged
a cyberspace campaign casting doubt on the company's press release"

This paragraph is not only false but is but pure fantasy. The shorts were attracted by the press release, the short interest prior to the release was negligible. Secondly the shorts didnt scramble to do anything, and thirdly the suits were filed by shareholders who own the stock long.

The Company is comprised of crims and creeps who lied and decieved the public to this day.
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