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Pastimes : Investment Chat Board Lawsuits

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To: Arcane Lore who wrote (123)2/22/2000 8:28:00 PM
From: Arcane Lore  Read Replies (1) of 12465
 
[...]
3. If the company does have a large short interest and the CEO has waged a public war against the shorts and the company's critics, sharpen your pencil. This is almost always a sign of desperation. [...]
Herb Greenberg, senior columnist at TheStreet.com - see #reply-12850195

A case in point: Sabratech

8/3/99: Sabratek Files $90M Suit Vs Online Critic, Publisher --
#reply-10809921
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8/13/99: Uh-oh: Sabratek Announces Delay of Second-Quarter Results
#reply-10936063
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8/23/99: Sabratek trading halted - #reply-11037316
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8/23/99: Shan and Levitas respectively resign from CEO/Chairman and Vice Chairman/Secretary positions - #reply-11040998 See also: chicagotribune.com
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8/23/99: Ticker symbol changed to: SBTKE per Yahoo quotes - #reply-11045128
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8/24/99: Sabratek Corp. (Nasdaq: SBTK) and one of
its senior officers have been named in a securities lawsuit filed on
August 24, 1999 in the U.S. District Court for the Northern District of
Illinois.
#reply-11056992
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10/7/99: Sabratek to delay 10-Q again, may be delisted #reply-11475621
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10/18/99: Sabratek misses debt interest payment #reply-11624320
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10/22/99: Two more directors resign, and they sell off that mystery SRS company they bought back at the end of June #reply-11680292
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11/3/99: Sabratek Trading on National Quotation Bureau
Electronic Quotation Service
(AKA Pink Sheets) #reply-11837780
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12/3/99: WASHINGTON, Dec 3 (Reuters) - Sabratek Corp. (NasdaqSC:SBTK - news) said on Friday that KPMG LLC, its independent auditor, has informed the medical technology firm that its financial statements for the last three fiscal years could no longer be relied upon. #reply-12183992 (per that post Sabratek was trading on the Pink Sheets, not the NASDAQ)
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12/17/99: WILMINGTON, Del., Dec 17 (Reuters) - Medical technology company Sabratek Corp. filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court here Friday. #reply-12324482
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