What stinks to high heaven in the RICO allegations against AP as with those I'm alleging against Berber is some people just do not think the rules apply to them. Let's see here: AP would short huge blocks of stock at the same time and maybe before he issued PR all over the place slamming a company. Because OTC stocks are generally very thinly traded, i.e. zilch volume, when someone comes out with PR like that and starts selling en masse, not just himself but also others at "Inside Truth" well that can easily start a run on the stock, panic, all that massive selling. The investing public watch that activity slam the stock price. Fine, but all those shorts borrowed the stock so at some point longs know they're going to have to buy back in to return the shares, and when they do longs can squeeze them in the opposite effect of the slamming activity earlier. BUT, AP decides trading rules don't apply here to him so without informing the public he makes a call to the CEO and says lookie here I'll agree to stop bashing your company and to advise all my members to cover if you just hand over 100,000 shares at my nominated price. Pretty convenient, and completely short circuits all the rules of trading, no equal spike up in price when he covers.
tooldude says AP was 90% accurate? (Trading Places' Merlin/Chris Rea said he was 94.) Say a stock is trading at 15 and you issue deadly PR and at the same time short blocks of 100k and so do your 300 members on your own very public call, then you know as AP advised here to SI readers it would be an excellent idea to chase his call even when it's already tanked multiple sticks. So all that selling into a stock that maybe trades a few k daily probably slices the stock in half, no MM's going to get in the way, they drop their bids fast. At the same time, when time comes to pay the piper and cover, no public calls, AP on the phone to set his own price. Nice work if you can get it - except it completely circumvents all accepted rules of securities trading. Only AP and a few alleged unindicted co-conpirators has this huge advantage; no one else did. No one helped by this kind of chicanery. So the attack slams the price but there's no covering through NASDAQ-OTC to balance all that selling. If this isn't stock market manipulation I wonder what would qualify.
The proposed charge sheet spoke of fear and whether NSOL and other execs acted on that fear by caving into AP demands for discounted or free shares. This goes beyond "hard bargaining."
AP------>Extortion. Berber and Moor---->kickback bribes. These the "leaders" of the trading industry when trading held such promise; all these "leaders" repeatedly and consistently proclaimed in public that all they did was provide a "benefit" to the public, when the "Inside Truth" is that all along their planned schemes were intended to enrich themselves through our ruin. Those of us who played by the rules and were damaged by these "leaders" are according to some very self-serving commentaries here from those who profited from this garbage somehow naive "dipshits," as Pluvia would have it. This is what trading came to in 98-00, small group of RICO co-conpirators breaking all the rules, damaging and destroying many - and they knew these would be and were the results. I'm glad to see now something's being done about it by AUSA, because this is not what the markets are supposed to be, small group of people leveraging illegal activity to exploit those of us "clueless" enough to respect the law, not trash it to satisfy limitless greed.
AP could have made plenty doing what he proclaimed was his aim. He had the advantage of a site and membership working and researching together the value of companies. But, delusions of grandeur and power like Berber, healthy profits into the millions not good enough, got to make it really happen with any and all methods available, laws or no laws, they're for the gullible only, right.
Consciousness of guilt is shaping up to play a major role in both cases, the real "inside truth" carefully concealed, and when judgment day nears what happens? --------------------> Let's erase the logs, block the Internet archive, lie to federal agency officials, to the public and when all else fails say AP was just "hard bargaining" when he in attack mode called that CEO and demanded 100k discounted or free shares to round out the perfect public works project short, or you know say in federal court "outrageous and unsubstantiated allegations of a kickback scheme"...plaintiff files the kickback contract (guess they didn't realize he had run it down)... then: "these payments seems to indicate advertising". Strange days... |
