Re: Log On America Settlement Agreement [LOAX]
Log On America Settlement Agreement
by: p_n_l_man (27/M/Your town)
4/18/00 3:00 pm
Msg: 4353 of 4390
Bashers Beware!
Subject: Log On America Settlement Agreement
As part of a settlement agreement with Log On America, Inc. ("LOA"), executed on April 17, 2000, I have agreed to make this posting to the Yahoo, Sillicon Investor and Raging Bull LOAX message boards.
From approximately December 30, 1999 until approximately April 2, 2000, I authored and posted numerous messages to the Yahoo! Log On America, Inc. (NASDAQ: LOAX) message board which were both not true and misleading. In those postings I used the following pseudonyms: "p_n_l_man" and "agressor2". I used these pseudonyms without informing anyone that I was the person using these aliases. This use of multiple pseudonyms was designed to give the impression that more than one person was posting these negative statements about LOA and it's directors and officers and to lend credibility to these remarks. I also created fictitious conversations between these multiple pseudonyms in order to lead the users of the Yahoo! LOA message board to believe that others shared my sentiments.
Contrary to statements made in my postings, I am not and have never been an LOA shareholder or short seller and I posted my messages because I was a past employee, had worked with the current CEO and was not there to participate in LOA's successful IPO. The statements I made, which were designed to discredit and embarrass management, while discouraging investors from buying LOA securities and enticing short sellers to increase their positions, were motivated by the frustration I felt over the success the CEO had accomplished since we last worked together. I apologize to the LOA management and their families.
In addition, as part of the settlement agreement, I have agreed for a period of ten (10) years from the above date, to cease and desist from posting any messages or statements on the Yahoo! LOA message board, or on any other similar or internet-based message board or similar service or site, regarding, relating to, or which LOA or any of its directors, officers, employees, agents, attorneys, or representatives. In addition, I have agreed to cease and desist from making any untrue statements, material omissions or any false, misleading, inaccurate or incomplete statements about or regarding LOA or any of its directors, officers, employees, agents, attorneys or representatives. Finally, although this is not part of the agreement, it is my actual opinion that the LOA management has really accomplished something significant with the company and I applaud their perseverance and efforts.
p_n_l_man
agressor2
messages.yahoo.com
Message 13476896 |
