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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect
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To: Ronald P. Margraf Sr. who wrote (5998)3/11/2000 2:14:00 AM
From: Erik Lundby  Read Replies (2) of 18222
 
Fred,

In response to your comments that "He's out to try and destroy the company" and your earlier comments that me and my buddies caused PLSIA to be in the trouble it is today, I have to ask you are you serious. A shorter can not destroy a company. Can you explain how Anthony or Steve or anyone can destroy a company? I can see how you could say that they could temporarily depress the stock price with false accusations but false accusations can be easily disproved. Unless of course, the whole point of the company is to drive the share price up to insane valuations so that shares can be dumped on the eventual bag holders or to use a phrase I have heard often on this board "steal from grandmas" who are left holding the bag. If that is the purpose of a company, then I suppose such a company could be "wrecked". As I said earlier, false allegations can be easily disproved. But in this case the company has apparently taken the standard sleazy approach of "If you can't answer the questions, Attack the person asking them." Legitimate companies do not respond this way to shorters. They just execute and prove them wrong. Manual Asensio issued a Sell Short recommendation on Network Solutions a year or two ago and he was dead wrong. Can you name me one company that has done the things that we have seen such as sending internet posters free stock and posting on Internet boards to attack the Character and ignore the content of posters who are critical. I will bet I can find you several that behaved similarly and have failed. To believe that handful of internet posters can keep a real company from failing or succeeding is extremely naive.

Erik
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