A lawsuit has already been brought to bear, Bong.
As for Essary... I'm not a big Chelekis fan (for some of his bigger stunts), but someone pointed out this link yesterday. If you read nothing else...
hot-stocks.com
A snippet, emphasis added:
It doesn't have to be a gold mine. It can be
a wildcat exploration play. Or a "star wars"
widget. A new computer chip. A Year 2000
play. The play depends mostly on how well the
insider can tell his story. His first stop is
to the newsletter crowd. From what I've
observed, newsletter writers are probably the
most gullible folks on the face of the earth,
aside from their subscribers. A good deal of
the newsletter editors have no clue as to how
they would properly appraise a gold mine.
Most are asking each other or checking with
their own geological consultant. And most of
them are hardly worth a bucket of spit. They
are more interested in how much stock they
can get crossed, and at what price, than how
well the story plays. Heck, if it was all so
wonderful, then there would never be any
private businesses that failed, let alone
publicly traded companies (which are
essentially broke to begin with) that took
the swan dive to Hell. |
