Investment Chat Board Lawsuits Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Investment Chat Board Lawsuits

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dantecristo who wrote (1503)	5/6/2001 1:12:23 PM
From: mmmary	Read Replies (2) of 12465

Interesting article I list my email address in my user profiles. I actually have had a few reporters contact me from the boards. One was doing a story on how easy it is to manipulate small cap stocks via message boards. He was using UMCC being manipulated by Westergaard as an example for his story. There I was posting that Westergaard's numbers didn't add up, his projections were impossible, the factory could never build that many bikes even with 24 hour shifts, they had problems with the bikes... His story alluded to UMCC's interesting price increase but never mentioned Westergaard's name. It did mention my name. I guess he was worried that Westergaard might sue him. I told him he could quote me when I said Westergaard was just pumping it. He didn't. Probably fear of a lawsuit as it was obvious and that is what Westergaard is being sued for by the SEC. What's also interesting is that it kinda goes both ways. Reporters follow the boards to get stories. Some posters also contact the reporters to write stories about stock scams, fraud... I've also been noticing that companies are really following their company's boards. They realize reporters are reading them besides investors, competitors, clients... For instance ;-) ASTN has attorneys reading and monitoring their boards. They must be on the phone with Yahoo at the same time. They can get a post deleted in minutes which is not a TOS violation. I'm talking just posting news items. It takes them longer to get rid of spam. The companies are now kinda controlling their public boards by "persuading" yahoo, silicon investor, raging bull...that it's better to remove the posts they want deleted than risk an expensive lawsuit and lots of hassles especially when these message board companies are having financial difficulties. I also noticed that ASTN not only monitors their boards but their news items. There WAS a litigation release from the SEC about the mob doing ASTN's ipo. ASTN found a way to get that story deleted from silicon investor, yahoo, AOL... within a few days. Yahoo deleted that one negative outside source news item yet retained all of the positive company press releases! I emailed AOL about it saying that they were helping the company defraud investors. The next day AOL just plain deleted ALL news items for ASTN. There's only one up now which is recent. It just took me one little email. These entities are obviously easily persuaded. One should really keep this in mind while reading message boards and news items. They are controlled, filtered.... We aren't seeing everything.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next