Carrie Lee and WSJ.com gets it wrong and libeled me, damaging my good reputation. The goal was not and is not to cause a spike in price and hurt investors for personal gain at the expense of others, which is implicit in the comments:
<What makes it more interesting is that the organizer is very blatant about the intentions to influence Globalstar stock and hurt investors. Usually, people who set out to manipulate a stock try to do so very discreetly to avoid tipping off investors who could be harmed and securities regulators.
A Silicon Investor member who uses the screen name Maurice Winn (which he says is his real name) set up the board on May 8. The goal is to cause a spike in Globalstar stock around Memorial Day, May 29, which Mr. Winn calls D-Day.
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I also use the real name Maurice Winn and informed Carrie Lee of that in correspondence before the WSJ.com article. I also gave family details and links to family web sites.
I guess they don't like facts to get in the way of a good character destruction and story about the evil ways of the manipulative people on the internet. They lie about people and misunderstand or lie about events, then report their misconceptions or untruths to law enforcement officials such as Bill in California and the SEC.
Incidentally, neither the SEC nor Bill have contacted me to suggest it might be better to desist from posting or that this discussion is illegal manipulation. It can't be much of a worry to them. SI has not been asked to remove the discussion, which I'm sure they would have been if there was any problem with it. They surely would have removed it instantly if in doubt.
So it looks as though that guy Bryan Burdick, who allegedly has a job with SI, should be treated with suspicion when he says investors should be "suspect" of that guy [Ed: he meant me]. Since he got that wrong, you should assume he probably has everything else wrong too. Check with me before you listen to anything suspect that that guy Bryan Burdick [if that's his real name] says.
Mqurice
PS: The goals were many. Apart from fun, goals included reducing the short interest, thereby raising the stock price back to a sensible level based on the free market in actual stock authorized by law, rather than a random swarm of hypothecated debt instruments [which investors only find out about long after the event]. That would improve the ability of Globalstar to raise funds with less dilution to existing shareholders. It would strengthen the financial position of existing shareholders.
Oddly, the short interest seems to have increased?! Oh well, it's a free, fair, open, informed, blah, blah, blah market and individuals can all do what they like. Can't they? Now they actually know some more stuff, which will help them in their decision-making.
WSJ.com and Carrie Lee may offer their apologies for inaccuracy, misrepresentation and character damage here. |
