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Non-Tech : Auric Goldfinger's Short List

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To: rrufff who wrote (18038)7/22/2006 9:28:45 PM
From: peter michaelson  Read Replies (1) of 19428
 
Hey rruff,

FHAL displays every red flag in the shorter's handbook(fictional handbook):

Lack of audited financials;
Promise of over $500 million in book value currently;
Officers with history of similar modus operandi;
Confusing merger talk;
CEO posting on message boards;
Vituperative message board posters;
Apparently copied merger agreement, not an original;
Many grammatical errors in agreements and PR's indicating absence of professional advisors(buyer will consume all of seller's debt);
Gigantic story of promises upon promises;
Paying equivalent of $400 million for merger shell.

The list goes on.......

It's an interesting case. I'm not propsing it as an argument regarding NSS - just a classic case of why shortsellers think everyone talking about NSS is a pumper/dumper.

Have a good weekend. Peter
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