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Thanks for the heads up, Robert. I'm still otherwise tied up, but when I received your e-mail I took the time to watch the show (it repeats at midnight PST). The Globe reporters, incredibly, claim to have broken the Bre-X story (a myth that was laughed at this past weekend in The Vancouver Sun). They also have have an upside down view of the internet -- at one point writer Douglas Goold stated that there had been an internet rumour that Jim Bob Moffet had died -- he was corrected that it was resigned not died -- but they still got it totally wrong in claiming that this internet rumour drove Bre-X stock down. Firstly, the stock went up that afternoon (April 23 1997) and it was rumours out of the brokerage community (e.g. Nesbitt offices) and not the internet that preceded the share price/volume rise. Posters on Silicon Investor, as anyone can research, didn't talk about the brokerage industry rumour until the stock move was effectively over -- and then they debunked it. I guess if you've written a falsehood in your book, based on repeating an earlier falsehood published in your newspaper, you may as well stick with the b.s. when you go on television. Diane Francis mentioned that David Walsh's brother was on-line posting hype as drumbeat/mikesloan so, hopefully, her book will help correct the public record vis-a-vis the internet and other aspects of the Walsh family background. She mentioned having hired ten researchers including computer hackers to look at different elements of the case. I was one of those ten, and I have no idea what's going to be in her book. I'll see it when it lands on the book shelf. I do know, though, that based on what I learned investigating David Walsh et al and the Bre-X fraud, that the info Diane Francis has gathered from myself and the nine other investigators/researchers sheds new light on the same old story being retreaded in the media and breaks new ground. How much of this new info ends up being put out by her publisher is something I'm very interested to learn. I hope to be wrapped up what I'm doing on another case later this month and we'll see how far these revelations go toward helping police, prosecutors, investors and their lawyers etc. This was no "one man scam" -- and the biggest crooks are still alive and enjoying the proceeds of the crime. May justice one day be served and those monies taken from them.
Cheers, Adrian |
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