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Strategies & Market Trends : Banned.......Replies to the A@P thread.

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To: Bear Down who wrote (2092)1/17/2005 5:12:15 PM
From: Jeffrey S. Mitchell  Read Replies (1) of 5425
 
According to what Carol Remond wrote, although Elgindy is on tape harassing Paul Brown about his diploma mill education and a conviction he thought Brown had, it's Peters who seems to be doing the extortion:

Peters told Brown Elgindy would need about 100,000 shares and that Fiero would need 200,000 shares to cover their existing short positions in the stock of Nuclear Solutions. Message 20830389

Fiero told Brown that what Peters did sounded to him like extortion and that Brown should go to the FBI. This implies that Peters didn't at all speak for Fiero (unless, of course, once Fiero heard the tape he pretended to be ignorant), and thus I would assume Elgindy's lawyers made the argument that Peters didn't speak for their client either.

So, at least as regards Nuclear Solutions, I don't see any smoking gun evidence of extortion.

- Jeff
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