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Non-Tech : Bill Wexler's Dog Pound
REFR 1.560-2.5%Nov 7 9:30 AM EST
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To: BinkY2K who wrote (8224)8/10/2001 1:22:56 PM
From: BelowTheCrowd  Read Replies (1) of 10293
 
Hmmm, good thoughts. Sorry for the late reply, I was on vacation.

I think it's OK to defend yourself against allegations.

However, when that defense ceases to be about the allegations and instead turns to various market manipulations, I tend to think that the action probably has more to do with moving the stock than with anything material to the company's business.

Doesn't matter if it's AREM's ploy to try to replace shares with other types of shares, or the more conventional urging that shareholders move their stock into cash accounts to eliminate borrowing. Both are nothing but attempts to discourage short selling. Neither have anything to do with answering the charges, rather they are attempts by management to take the profit out of short selling and make the sellers go away.

Those, to me, are a red flag.

Lawsuits are tough to judge. There's nothing necessarily wrong with suing somebody for damages or to repair your reputation. But when the exclusive targets turn out to be short-sellers, one must again wonder what the real motivation is. To me, lawsuits against short-sellers and detractors are a red flag. They don't necessarily prove anything, but they warrant serious investigation if I am interested in the stock in either direction.

mg
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