Teddy:
Did it occur to you that Asensio might be,
shall we say ``selective,'' in posting his record.
Since I know plenty about the CVUS/SPDE record, let's
look carefully. Around Feb-March 1998, as CVUS has already
laid off a good chunk of its staff at the end of Dec 97
and is running out of cash, Arsenio issued a positive
report just at the beginning of the LMDS auction. This
whips the suckers up in a frenzy, the stock runs to
about $7, and then Shant Hovnanian's father, sister
and other associates do a major dump. The stock
then proceeds gradually to crash all the way down to
25 cents in the coming months. Later in 99 after CVUS has
raised cash by selling a good chunk of its spectrum
to Winstar, who issues another glowing recommendation
prior to the announcement of a spectrum sale to XOXO,
then Nextlink, disguised as an ``equity participation.''
Arsenio, again. Of course, the stock spikes again
and Hovnanian's father, as well as close associates
like former Congressman Rinaldo do another big dump.
Now, if you go to look at SPDE's web site,who has been
going last year on a mountain climb in Armenia
with ole Shant Hovnanian (CEO of SPDE)? Arsenio
of course. The partners in crime take a well
deserved rest after fleecing the masses.
But I agree about one thing, calling Arsenio a sewer
rat is really unfair ... to the rats! |
