asensio.com
Sold Short : Uncovering Deception in the Markets by Manuel P. Asensio, Jack Barth amazon.com
"Blame Short Sellers" Page 141 of Mssr. Asensio's book:
"...How many times have we seen officials of outright blatant scams blame their troubles on short sellers? No legitimate company with a real business to attend to would both wasting valuable corporate resources, including management time, suing a short seller. Only stock promotions waste shareholders' money filing lawsuits to try to quiet their critics. We've established a clear record that any company that tries to muffle us with lawsuits will experience the exact opposite. We have been vindicated in every case. When investors see public companies expend vast resources to silence their critics, they might want to tread carefully.
I have some advice for any company that finds itself under attack from short sellers: Continue to develop, market, and sell your product if it's so wonderful. Prove them wrong in the markeplace. If you can do this, your stock will thrive. The shorts can't stop it..."
Mssr. Harland's Comments/Letter on Short-Sellers: prepaidlegal.com
"...Short sellers develop relationships with the media as a method of distributing negative information about the company they are shorting and attempt to drive down the price of the shares so they can generate a huge profit. Although the negative press and all the "negative spin" articles have undoubtedly had an impact on the price of our stock, the company continues to remain strong, provide a valuable, unique quality service to more than 1.2 million families..."
"Bombers" Page 92 of Mssr. Asensio's book:
"...Most of these posters are "bombers" -- professionals, if you can call it that, hired by scam companies to lend them the appearance of having legitimate followers..."
PrePaid Sues for Yahoo Poster Identies: http://www.eff.org/Cases/PrePaid_Legal_v_Sturtz/20010807_eff_ppls_pr.html
"...PPLS argues that it needs the Does' identities to determine whether they are subject to a voluntary injunction preventing former sales associates who work for a competitor from revealing PPLS's trade secrets. The messages cited by PPLS, however, indicate only that the eight Does were critical of the company and how it treats its associates. EFF will argue that revealing the identity of these speakers will give PPLS the opportunity to punish its critics for speaking out against it..." |