MeltroniX Seeks Damages for Defamatory Conduct by Raging Bull Posters
biz.yahoo.com
SAN DIEGO, April 7 /PRNewswire/ -- MeltroniX, Inc. (OTC Bulletin Board: MTNX - news), Inc. announced today that as a result of a lawsuit filed several weeks ago, the company has discovered the identities of the anonymous internet posters who had been defaming the company. A former employee and individuals whom the company believes have ties to a privately held San Diego based competitor have repeatedly engaged in sending what the company believes to be vicious, defamatory and damaging messages in the Raging Bull MeltroniX chatroom.
The company is seeking monetary and punitive damages against these individuals who have masqueraded as investors and have repeatedly denied having been former employees or having been
motivated by anything other than investor motivated commentary. The company respects the First Amendment rights of legitimate investors and posters, but finds it necessary to utilize the legal
process to stop detractors that are using anonymity as a means to attack the company and its management for personal and financial reasons. The posters may have been stating incorrect and or
misleading information about the company or providing company confidential information that, when taken out of context could negatively impact the investment value of the company. In several
instances, the posters have engaged in extremely personal attacks that have commingled fact with speculation and have deliberately damaged the professional reputation and abilities of the management team.
``MeltroniX respects the First Amendment Rights that protect the postings of our investors and the Internet's ability to provide a broad based forum for our investors to discuss the company and its progress,'' stated Andrew K. Wrobel, Chairman, President, and CEO of MeltroniX. ``We also believe that these unwarranted attacks against the company were not initiated by our investors, but were the result of a former employee vindictively attacking the company, and a privately held competitor utilizing the Raging Bull to drive down the value of our company. We have been forced, by their actions, to utilize all legal options to hold them legally accountable for their actions. We believe that at this time, the lawsuit, and their identities, are a matter of public record. We have also worked hard to distinguish between those we identify as legitimate investors, and those whose motives are suspect.''
The company reports that it will diligently pursue this action and will continue to distinguish between
the legitimate investors and those who conduct themselves in a manner that gives rise to defamatory
and libelous allegations. MeltroniX believes in the value of the chat room forum, and encourages its
investors to utilize these forums. The company will also continue to monitor the forums in order to
ensure that responsible posting continues and to hold those who violate the law, accountable.
SOURCE: MeltroniX, Inc. |
