*********LIES, LIES, LIES, LIES, LIES, LIES*********
THIS IS MY RESPONSE TO THE RECENT BASHING OF COII. AS USUAL IT IS FULL OF MISLEADING STATEMENTS AND OUTRIGHT LIES.
Why Nasdaq pulled the listing:
Johnston's rabbit fraud problem. That was it. The NASD isn't as gullible as the longs, they didn't believe that tax shelter BS. They believed "flagrant bad faith," they believed, "fraud," and they were intrigued by "racketeering." The NASD is trying to improve the reputation of their exchange so they can replace NYSE as the premier exchange. They shot first and asked questions later after seeing the rabbit lawsuit judgment.
I HAVE READ THE PROCEEDINGS AND THE ANSWER TO THIS STATEMENT IS SIMPLE:
THERE WERE PROBLEMS IN DISCOVERY. JOHNSTON’S CO-DEFENDANT WAS VERY REMISS IN HOW HE HANDLED THE PROCEEDINGS JOHNSTON, APPARENTLY DUE PRIMARILY TO HIS ATTORNEY’S ERRORS WAS ALSO LATE IN ONE OF HIS FILINGS. IT IS MY OPINION THAT THEIR ATTORNEY DID NOT HANDLE THE CASE WELL (THIS IS MY PERCEPTION ALTHOUGH I AM NOT AN ATTORNEY).
THE MILLION DOLLAR SANCTION AGAINST JOHNSTON AND CO. WERE BY THE INITIAL PRESIDING JUDGE FOR DISCOVERY PROBLEMS AND NOT FOR FRAUD, RICO OR MISEPRESENTATION OR ANY OTHER SERIOUS PROBLEM.
BY THE WAY, THIS PRESIDING JUDGE WAS EVENTUALLY THROWN OFF THE BENCH DUE TO HIS PERSONAL BEHAVIOR AND BAD JUDGEMENT! THAT MIGHT SAY SOMETHING ABOUT THE CHARACTER OF THE JUDGE!
I WILL SAY IT ONE MORE TIME: THERE WERE NEVER ANY FINDINGS OF FRAUD. THERE WAS NO RICO, NO MISREPRESENTATION AND NOTHING ELSE OF ANY CONSEQUENCE EXCEPT FOR ADMINISTRATIVE PROBLEMS IN HANDLING THE DISCOVERY PROCESS.
BECAUSE THERE WERE NO FINDINGS, THE PLAINTIFFS SUING JOHNSTON AND CO. TRIED TO GET THE CASE HEARD AGAIN AND AGAIN, TRYING TO SQUEEZE A GUILTY VERDICT OUT OF SOME COURT.
IN THE END, 3SUCCESSIVE JUDGES WOULD NOT ALLOW THE CASE TO BE HEARD BECAUSE THEY KNEW THAT THE SUIT AGAINST JOHNSTON HAD NO MERIT!
WHEN THE CASE FINALLY WAS AT BANKRUPTCY LEVEL, THE JUDGE TOLD INVESTORS WHO WERE SUING THAT THE DEAL WAS RISKY, THAT FULL DISCLOSURE WAS GIVEN AND ENCOURAGED THEM TO JUST FORGET IT.
END OF STORY, CASE DISMISSED.
Why Nasdaq will not list COII:
1) Never list it while Johnston manages or controls it because of the above problem.
THERE IS NO LEGAL ISSUE AROUND MR. JOHNSTON.
YES, THIS CASE, DUE TO THE ODD CIRCUMSTANCES SURROUNDING IT, LOOKS SUSPICIOUS. BUT, I WOULD HOPE THAT IN AMERICA A COMPANY LIKE NASDAQ WOULD NOT EVER SKEWER ANOTHER COMPANY BASED SOLELY UPON SUSPICION.
2) The 10 year history of misleading PR looks just like a pump and dump. And the NASD isn't buying that nonsense CTI fed to ChiroTout that those deals were pulled because of the FDA trials. Some of those announcements occurred 5 years before the FDA trials. Very easy to verify, just read through all of COII's PR and compare dates and financials.
COII MAY HAVE HAD SOME PRESS RELEASES THAT WERE NOT FULLY ACCURATE. BUT, MOST COMPANIES HAVE THEM.
I FOLLOW A LOT OF TECH COMPANIES AND CAN TELL YOU THAT THEIR GUIDANCE IS OFTEN WRONG. THAT IS WHY THEY ALWAYS SAY THAT ANYTHING OF IMPORTANCE IS A “FORWARD LOOKING STATEMENT” AND FULL OF TONS OF DISCLAIMERS.
ONE OF THE MOST COMMON ERRORS IS STATING WHEN TRIALS WOULD END. MOST COMPANIES ARE INCORRECT IN THEIR PROJECTIONS.
AND I STAND BY MY RESEARCH WHICH STATED THAT CTI DID NOT ANTICIPATE THE PROBLEMS THAT OCCURRED IN CHINA AND NEEDED TO CHANGE THEIR FOCUS TO THE FDA AND BREAST CANCER. HOWEVER, DON’T FORGET THAT CTI STILL HAS EMPLOYEES IN CHINA AND MIGHT RE-ENTER THE MARKET AT SOME POINT. HOWEVER, THAT WILL NOT OCCUR UNTIL CTI HAS FDA APPROVAL AND HAS MARKETED THE SYSTEMS AROUND THE UNITED STATES, SOUTH AMERICA, MEXICO, THE MIDDLE EAST, AND EUROPE.
3) The first USATF press release was not authorized by USATF, nor did they even know about it. COII's affiliate, Dean Clark orchestrated that himself. CTI did eventually fix that, but not before the NASD talked to USATF General Council and found out about it. It fit right in with the 10 year PR history, and now even Packer is guilty of bogus PR, not just Johnson and Secord. That is why COII made such a big deal about the Sacramento trials.
THAT IS A COMPLETE LIE: LUCKILY I SAW A LETTER AT THE SHAREHOLDERS MEETING!!!!!!!! IT WAS FROM USATF COACH JOHN P. CHAPLAIN, HEAD MEN’S COACH OF TRACK AND FIELD DISCUSSING HIS INVITATION OF CTI TO WORK WITH HIS ATHLETES!
THIS IS AN EXCELLENT EXAMPLE OF THE LIES PERPTRATED BY THESE SLIMY BASHERS. WHAT THEY ARE SAYING IS A COMPLETE AND TOTAL LIE.
4) The Mexico deal was misrepresented. It is an agreement to market the machines, not buy them as the Nov. PR said. Call Jay Tayebi in Mexico if you don't believe me. You can also find a copy of the contract in the SEC filings.
THE AGREEMENT WITH MEXICO WAS TO EVENTUALLY PLACE AND MARKET 100 SYSTEMS IN MEXICO OVER THE NEXT FEW YEARS. THE JOB OF TAYEBI AND CO. IS TO SELL AND FINANCE THE SYSTEMS. WHETHER TAYEBI INSTALLS THE SYSTEM, RE-SELLS THEM, OR USES THEM AS BOAT ANCHORS IS HIS DECISION ALONG WITH HIS CONSORTIUM.
DON’T FORGET THAT TAYEBI AND HIS GROUP HAS ALREADY PAID $1.75M FOR THE SYSTEMS AND THEY ARE CONTRACTED TO PAY THE REMAINING $3.25M ON DELIVERY OF THE SYSTEMS.
5) COII is being investigated by the SEC. NASD turned its findings over to them. No way they list them while the investigation is ongoing. And these investigations can drag on for years. Like slow water torture. And COII can't put out bogus PR with this type of scrutiny going on. That will be a problem for Amex as well. And maybe even the FDA. We will see.
I HAVE NO CONTACT WITH THE SEC PROCESS. HOWEVER, IT COULD BE AS TRUE THAT NASDAQ HAS TURNED INFORMATION OVER TO THE SEC TO INVESTIGATE THE BASHERS! REMEMBER THAT NASDAQ, NYSE, AND THE SEC HAVE ALL COME OUT VOCALLY AGAINST INTERNET FRAUD.
MIGHT THIS BE THE START OF THE SEC FINDING OUT WHICH BASHER WILL JOIN ANTHONY IN THE SLAMMER?
6) Now COII trading below five. An easy excuse. NASD won't list for the previous 5 reasons, but this gives them an easy out.
THAT IS ABSURD. NASDAQ HAS ALREADY TOLD A NUMBER OF INTERESTED INVESTORS THAT THEY WILL NOT CONSIDER THIS PRICE DROP TO BE OF SIGNIFICANT RELEVANCE. REMEMBER, CTI MAINTAINED THE PRICE ABOVE $5 LONG ENOUGH TO BE COMPLETELY QUALIFIED.
Just keep averaging down. Then when it hits zero you can buy the entire company and finally get rid of Johnston. But somehow I suspect the company's cash will have disappeared by then. Maybe into an offshore account.
HE SEEMS TO KNOW A LOT ABOUT OFFSHORE ACCOUNTS. PROBABLY BECAUSE THAT IS HOW HE GETS PAID.
SUMMARY:
THE BASHER HAS TAKEN 6 SHOTS:
SCORE = BASHERS 0, COII 6.
THIS GAME IS NOT EVEN CLOSE. |
