Of course he is lying, Robert, or certainly not telling the whole story. He has been wrong about Valence since he stated it was going to zero and the stock was $ 7.00. I offered a $ 100,000 - $ 200,000 wager, straight up, escrowed with a third party, that VLNC would hit $ 13 before $ 1.00. Of course he refused to accept the wager. Instead he chortled that I should buy additional shares in VLNC if I was so certain instead of wagering.
I did. Now have 1% of the company and the stock is $ 32 or so. I think it is going up from here.
Wexler indicated that he covered his $ 7.00 short in the low teens, I think, and then shorted again at $ 17.00 and again at $ 22.00. We never have heard about those positions - only that he covered his mid-30s shorts in the high 20s.
If you or any other investors believe this guy on VLNC, well, then I have a bridge for you to buy.
Bill Wexler may have an overall track record that is credible - I don't know. I do know that, in the case of VLNC, he did not do his homework. And I find any statements of his regarding "the Valence fraud", at least,....laughable. |
