"Bill"
You have lied about REFR, about management, about individual investors like myself, about Dr. Lampert and now about Dr. Malvino. You post obsessively under several aliases on the Yahoo board every day. Not one post shows any credible evidence to back up even your mildest accusation. You are going to a lot of trouble for one tiny stock that you claim you are covering. HA! Your "word" is worthless. You admitted putting REFR in front of hedge funds. You did no research because your posts claim SPD was an old unusable technology and that electrochromics would dominate in auto glass. Not true and there's plenty of outside corroboration for that. As for making money, the stock I bought at these levels and those I bought in the 30s will make 10 times what you'll make in your entire lifetime of investments and I don't have to lie and cheat to do it.
You focus on the "stock price" to determine a "winner." But we know how the stock is manipulated. You claim in this note to have no connections with hedge funds but in other notes you indicate you do.
You are a coward, and a liar. You are wrong about REFR. You solicited innocent investors off the internet and sent them a letter saying how "we" had investigated and found..... ALL of which was false. That's not what innocent private investors do.
You aren't making a cent off REFR. You started shorting before 1998 and the stock went up 500% and you disappeared from the board. The short interest is at an all time high and your friends at JAG dumped almost 200K shares. We're not selling. This is a thinly traded tightly held stock and not a good short candidate, never was.
Stay tuned.
asensioexposed.com
Over 70,000 hits.
Another observer pointed to a recent message that named nine short picks. Wexler was asked to explain the astonishing coincidence of all nine turning up in the holdings of a hedge fund located in the city where he lives. And not just any hedge fund, but Asensio's longtime client, West Highland Capital.
Wexler never answered the question.
Coincidence? Or Smoking Gun?
The nine stocks were just the beginning. Wexler actually commented on 41 stocks held by West Highland between 1998 and 2002. Often (though not always) its position was fairly small for an institutional investor. Such a holding is frequently a marker for a far larger short position.
The 41 stocks are shown in the chart, which includes both long and short picks. Obviously, many are small, little-known firms. Is it mere coincidence that Wexler knew enough about every one to offer an opinion? And that seven of the 30-odd short picks were targeted by not just by Wexler, but by Asensio as well?
3Com
Earthshell
Med-Design
Able Telecom
Egghead Software
Research Frontiers
Actrade
Gardenburger
Smart Serve Online
Altair
GummTech/Matrixx
Turbochef
Aremissoft
Hemispherx Biopharma
Valence Technologies
At Home
Hollis-Eden Pharma.
Viropharma
Avanir Pharma
Identix
Visionics
Avant
IFX Corporation
Waverider
Biotime
Intel
Xybernaut
Britesmile
Keravision
Westell Technologies
Chromatics Color Sci.
Lernout & Hauspie
Zi Corporation
Covad Communications
Macrochem
Zixit
Data Race
Mannatech
Zonagen
Dell
Mechanical Technologies
Just as striking are Wexler's messages that name multiple stocks. With thousands of stocks trading on U.S. exchanges, someone who picks three to 10 has very little chance of having even one match with a small hedge fund. And infinitely less chance of matching the fund three times out of three, or four times out of six, or seven times out of nine. Yet, Wexler repeatedly beat the extraordinary odds and did precisely that.
People Are Talking
The finding of so many matches between Wexler's picks and West Highland's portfolio has fueled talk on Internet message boards that Wexler is a pseudonym for someone at the fund. The odds-on favorite for "Most Likely to Be Wexler" is Mike Wilkins, manager of West Highland's short portfolio. Former SEC accountant Robert Lowry describes him as a "personal acquaintance" of Asensio, who has acknowledged working with Wilkins on reports about one target.
Wexler is aware of the talk that he is actually Mike Wilkins. Evidence that he has either admitted or denied the rumors appears elusive.
The Bottom Line
It looks fishy, to be sure. But determining who Bill Wexler is with certainty will probably require filing a subpoena for records from Silicon Investor.
Until someone does so successfully, investors will have to reach their own opinion about Wexler. Was he truly offering independent advice? Or presenting himself as a crusader against deception while promoting the fortunes of an undisclosed institutional investor?
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