GENI: GenesisIntermedia.com Inc Message Board

STOCKTALK

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Non-Tech : GENI: GenesisIntermedia.com Inc

GENI 10.81

+0.2%

Dec 22 3:59 PM EST

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To: afrayem onigwecher who wrote (51)	5/12/2001 7:24:54 PM
From: Sir Auric Goldfinger	Read Replies (1) of 574

Isaac, here's another failure that you & your pal Rafi teamed up on that augered in, FutureLink: " WHAT'S BEHIND THE TRADING HALT IN FUTURE COMMUNICATIONS A BIG FIGHT ON ONE SIDE OF THE RING ARE THE COMPANY A DALLASBASED CABLETELEVISION CONCERN WITH ONLY THREE DOZEN EMPLOYEES AND A BEVERLY HILLS CALIF STOCKBROKER WHO IS THE STOCK'S BIGGEST BOOSTER ON THE OTHER ARE A GROUP OF BEARS LED BY ASPEN CAPITAL AND FAHNESTOCK WHO BELIEVE THE COMPANY HAS MISLED INVESTORS AND WHO HAVE ACCESS TO REGULATORS YESTERDAY THE BEARS KNOWN AS SHORTSELLERS SCORED A MAJOR VICTORY WHEN THE NATIONAL ASSOCIATION OF SECURITIES DEALERS NOTIFIED BROKERS THAT IT WAS SUSPENDING FUTURE'S STOCK FROM TRADING INDEFINITELY WHILE IT DETERMINES WHETHER THE COMPANY COMPLIES WITH NASDAQ LISTING STANDARDS SHORTSELLERS SAY IT'S ABOUT TIME FUTURE HAS A TRACK RECORD OF CONVOLUTED BUSINESS TRANSACTIONS OFTEN INVOLVING MEMBERS OF THE CHIEF EXECUTIVE'S FAMILY LITTLE MORE THAN TWO MONTHS AGO FUTURE WAS AT 6 1/2 TUESDAY IT CLOSED AT 27 3/8 THE SURGE HAS INFURIATED THE SHORTS WHO BORROW STOCK AND SELL IT HOPING TO PROFIT BY RETURNING CHEAPER SHARES LATER ON THIS COMPANY IS A FRAUD OF MONUMENTAL PROPORTIONS CONTENDS STEPHEN CARLSON A PARTNER AT ASPEN CAPITAL IN DENVER THEY'VE BEEN COOKING THEIR BOOKS MR CARLSON SAYS HE HAS BEEN CONTACTED ABOUT FUTURE SEVERAL TIMES BY THE SECURITIES AND EXCHANGE COMMISSION WHICH HE SAYS IS INVESTIGATING FUTURE SERGIO BOSCO FUTURE'S CHIEF EXECUTIVE OFFICER SAYS TALK OF AN SEC PROBE IS AN ABSOLUTE LIE HE SAYS THE PROBLEM THAT LED TO THE SUSPENSION IS A SIMPLE HOUSECLEANING ITEM THAT WILL BE RESOLVED BY TUESDAY WE DIDN'T SEND IN CERTAIN INFORMATION TO THE NASD THAT WE WERE SUPPOSED TO HE SAYS WE'RE DOING IT NOW BROKER RAFI KHAN FUTURE'S SUPPORTER ARGUES THAT IN SUSPENDING FUTURE THE NASD IS BOWING TO PRESSURE FROM THE SHORTSELLERS WHO STAND TO LOSE MILLIONS IF THE STOCK CONTINUES TO RISE BUT DONALD BOSIC AN NASD VICE PRESIDENT SAYS OUR CONCERN IS WITH THE COMPANY AND NOT WITH THE SHORTS HE ADDS I CAN ASSURE YOU THE NASD HAS NOT BEEN PRESSURED INTO SUSPENDING FUTURE FUTURE WENT LARGELY UNNOTICED UNTIL JUNE 17 WHEN MR KHAN PUT OUT A BUY RECOMMENDATION ON THE CABLETELEVISION AND PROGRAMMING COMPANY LIKE A ROCKET FUTURE'S STOCK TOOK OFF YESTERDAY MR KHAN SAID IN AN INTERVIEW THAT HE WAS RESPONSIBLE FOR PLACING 26 MILLION OF FUTURE'S 33 MILLION SHARES OUTSTANDING WITH HIS CLIENT AND PERSONAL ACCOUNTS THOSE ACCOUNTS HE SAYS INCLUDE GLICKENHAUS & CO AND CONSECO THE BROKER'S CASE FOR THE STOCK RESTS IN PART ON THE CABLE ACT OF 1993 WHICH GIVES LOCAL TELEVISION STATIONS SUCH AS FUTURE'S AFFILIATES THE RIGHT TO BE CARRIED ON LOCAL CABLE NETWORKS MR KHAN ISN'T VERY POPULAR AMONG MEMBERS OF THE SHORTSELLING COMMUNITY HE WAS A BACKER OF CONSECO A STOCK IN WHICH SHORTSELLERS INCURRED HEAVY LOSSES LAST YEAR HE'S ALSO WAGING A PROXY FIGHT FOR ICN PHARMACEUTICALS WITH THE SUPPORT OF MR KHAN FUTURE GAINED INVESTORS' ATTENTION AND ITS STOCK PRICE MORE THAN QUADRUPLED IN A SHORT TIME SETH GLICKENHAUS ONE OF MR KHAN'S CLIENTS SAYS THAT FUTURE'S FUNDAMENTALS ARE MARVELOUS CITING THE COMPANY'S OWNERSHIP OF THE BILLY BOB'S COUNTRY MUSIC TV PROGRAM MR GLICKENHAUS SAYS HE BELIEVES MR KHAN IS A VERY FINE ANALYST WHO HAS RUN AFOUL OF SHORTSELLERS AS FOR THE SHORTS HE SAYS THEY'RE THE UGLIEST SUBVERSIVES BUT SHORTS SUCH AS ASPEN CAPITAL'S MR CARLSON DID GET AN AUDIENCE WITH FINANCIAL COLUMNIST DAN DORFMAN ON AUG 24 MR DORFMAN WENT ON CABLETV NETWORK CNBC SPEAKING OF AN SEC INVESTIGATION INTO FUTURE'S ACCOUNTING PRACTICES AND CITING SOME CHOICE WORDS BY MR CARLSON THAT DAY FUTURE TRADED MORE THAN 13 MILLION SHARES A RECORD FOR THE COMPANY AND FIVE TIMES ITS NORMAL VOLUME HERE THE STORY BEGINS TO GET FUZZIER MR KHAN SAYS THAT THE TOTAL SHORT POSITION IN THE STOCK WHICH WAS RECORDED AT 258000 SHARES FOR THE MONTH ENDED AUG 13 SOARED MR KHAN SAYS THAT MUCH OF THE SHORTSELLING WAS DONE PRIOR TO MR DORFMAN'S REPORT AN ASSERTION THAT CAN'T BE INDEPENDENTLY CONFIRMED IN ANY CASE MR KHAN AND AT LEAST SOME OF HIS CLIENTS APPEAR TO HAVE HATCHED A PLAN THAT COULD RESULT IN A HUGE RISE IN FUTURE'S STOCK SHOULD IT RESUME TRADING ON NASDAQ MR KHAN SAYS HE HAD PLANNED BEFORE THE SUSPENSION TO BUY IN SOME 500000 FUTURE SHARES FOR CLIENTS THE SHARES PRESUMABLY WOULD COME FROM SHORTSELLERS BECAUSE HIS CLIENTS CONTROL THE BULK OF FUTURE'S STOCK OUTSTANDING THEY ARE THE NATURAL SELLERS AND COULD CHARGE SHORTSELLERS A STEEP PRICE IN ANY CASE THERE IS AT LEAST SOME EVIDENCE THAT THE SHORTSELLERS HAVE A POINT FOR INSTANCE WHEN FUTURE ANNOUNCED ON TUESDAY THAT AN UNIDENTIFIED THIRD PARTY HAD AGREED TO ACQUIRE A 29 MILLION JUDGMENT AGAINST IT THAT WAS NEWS TO SOME SHAREHOLDERS FUTURE THEY CONTEND FAILED TO DISCLOSE THAT THERE WAS A JUDGMENT OR THAT A RECEIVER HAD BEEN APPOINTED BY A FEDERAL JUDGE LAST MAY TO TAKE CONTROL OF FUTURE'S ASSETS MR BOSCO CONCEDED YESTERDAY THAT THE FAILURE TO DISCLOSE WAS THE ONLY REAL SIN WE COMMITTED AMPLE REASON FOR A TRADING HALT STAY TUNED 9309030124 930903 CORRECTION

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