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Pastimes : Investment Chat Board Lawsuits

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To: Jeffrey S. Mitchell who wrote (2869)8/21/2002 10:28:52 PM
From: Jeffrey S. Mitchell  Read Replies (1) of 12465
 
Re: [AZNT/ANTD] Testimony of CEO Michael Sylver

Just thought I'd pass along the latest addiction from over on RB, thanks to Scion and Janice Shell. It's the 400+ pages of testimony given by AZNT's CEO Michael Sylver to the SEC back in 1999. Here's a sample:

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Q. Okay, turn to page Bate stamped 15.

A. Okay.

Q. The third paragraph down.

A. Okay.

Q. The last sentence says;

“Due to our research”. . . “we have proven that phytogenic supplements which have absolutely no side effects whatsoever.”

What tests have been done —

A. This was written by Dr. Loricchio.

Q. Do you know what tests Dr. Loricchio did to confirm that phytogenic supplements have absolutely no side effects whatsoever?

A. He did hundreds of tests of 35 years. And so did everybody else and it all in those clinical studies.

Q. Are you referring –-

A. There are more books written on phytogenic and phytotherapy and homeopathic than there are books here in this room.

Q. Okay. So you are referring to the clinical studies exhibit that you produced to us and we’ve earlier discussed --

A. Right, and plus there’s so much more. There are thousands and thousands of books and periodicals and letters. Even things written in the New England Journal of Medicine about herbal-- - herbs and et cetera, et cetera.

Q. Are you testifying today that every single product that Amazon sells has been tested by outside independent parties to determine whether they have side effects?

A. No.

Q. Okay

A. I’m determined that Dr. Loricchio through his research and I don’t know if he’s used other research is, do not have side effects.

Q. So you don’t know whether Dr. Loricchio has done other research? I’m sorry, what research do you know --

A. Dr. Loricchio said they have no side effects. He has done research; he has volumes.

Q. Okay, and that’s—

A. And that’s, that’s good enough for anybody in the world, any doctor. Anybody. The Chief Surgeon General of the United States.

Q. Okay.

A. If Dr. Lorrichio says anything to any doctor, any scientist in the world, that his word is like the word of God.

Q. Okay, and it’s enough for you, that Dr. Loricchio --

A. It’s enough for anybody. It’s enough for anybody whatsoever..

Q. Okay.

A. This man is so brilliant.

Q. All right, let me restate the question.

A. Okay.

Q. It’s enough for you that Dr. Loricchio said that Amazon’s phytogenic supplements have absolutely no side effects whatsoever.

A. That is correct.

Q. All right, thank you.

A. If the Pope said that this water is blessed would you get research on it or would you believe the Pope? You’d believe the Pope, correct? That’s what I’m just saying, okay.

Q. The rules of the game are l get to ask the question.

A. I know, but --

Q. You have to sit there and wait until I ask you a question.

A. Oh, but --

Q. I’m sorry Mr. Sylver, but those are the rules of the game.

A. Okay. Who wrote the rules, need to change them.

Q. Congress.

A. Oh, excuse me.

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If anyone would like to read the entire thing, let me know and perhaps we can entice Scion to post it somewhere on SI.

- Jeff
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