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Pastimes : From A to Zeev" -- SI Sacks Zeev

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To: Jyoti sharma who wrote (77)1/1/1998 10:45:00 AM
From: Zeev Hed  Read Replies (5) of 708
 
Jyoti and to my friends in the SI community that have shown such zest in petitioning the webmistress and have been instrumental in my reinstatement. Thank you all and happy new year.

I think I owe the community an explanation of what brought about my temporary expulsion.

As some of you know, since I left "Corporate America" about 10 years ago I have been involved in a broad spectrum of consulting and inventing activities. Part of my consulting practice involves helping Venture Capital groups determine the technical viability of new technologies and often as a result of such activity I am asked to start a new company for the VC group.

About six months ago, I recognized a new opportunity, ased on a new but proven technology, which I believed to be of a much lower risk than the normal start up. I therefore decided to start a new company on my own, and after investigating the market and negotiating an exclusive license to the technology, three or four months ago I started to address the raising of about $1MM for that company through the many business acquaintances I have generated over the last 10 years.

Since in the last 18 months I have been asked by many on SI where one can find real high risk and very high rewards investments, I thought that some of my new Cyber-Friends, if qualified, should be allowed on this "Ground Floor" opportunity.

I therefore composed a missive to determine the extent of interest that might exist within the SI community. The principles guiding me as to who would receive such a missive were very simple. The recipients should be individuals with whom I have had internet communications for more than 3 months. I felt that people following my postings for three months or more have had the chance to get to know me, at least to some extent. I have always posted in my name and have been open to any of the SI community for personal communications ("unsolicited e-mails"(g)), and made this fact clear to all.

Three months ago, I was made aware of the then OVIS thread, by the spamming of Roo of a number of threads where I was active. So I spent a weekend studying the SEC filings of OVIS and to my horror I saw an empty shell. As I have done in many other occasions (CTYS @ 7, NAMX @ 1, EXSO @2, DWSC @7, AKSEF @ 4 and in a continuum since, EUTO @ $.25 to $.5, and a number of others), I went on the OVIS thread and explained my misgivings, and from time to time I would go back there and follow the developments. When RMIL was halted I went back again (to the drinking thread) and explained that the outlook is not too rosy, having been a "bagholder" with similar experience in GRNO. I then sent to few of the RMIL thread the interest determination missive as well.

Mr Riley, the self appointed "RMIL Cartel Leader" lashed back with the following posting:

Message 3041401

Which includes word for word the interest determination missive. He never received this missive from me, since I determined that he is not the type of person I would ever want as a partner in any of my ventures. While I do not know how he got a copy of this missive, I am presuming that upon my reappearance on the RMIL thread he needed to paint me as a "broker" or MM with nefarious motives, and thus sent to his RMIL E-mail list a request for info that could be used "against" me. This is a presumption on my part since I do not know the details of the manner by which he obtained the copy.

I have avoided like a plague the public posting of the details of what I am doing since it is a very private undertaking. I thus asked Riley to approach the webmistress to remove the post. He refused. One of the other posters (a poster with whom I have had lengthy communications before on EXSO)in a private e-mail to me (unsolicited (g)) discussed this post with me and I wrote to him that if he could ask the webmistress to remove the post I would appreciate it. He did and the web mistress must have misconstrued his e-mail to her as a complaints about me rather than Riley, and proceeded at once (without informing me first) to cut me off.

This is to the best of my inderstanding the denouement of the episode.

I should like to mention that the "Terms of Use" of SI contain no regulations about off thread communications between SI users and thus I could not have been in breach of SI rules. I further should point out that only members of the SI community that have known my posting for some time were recipients of my missive. Many of you after receiving this missive sent me a short note saying: "no intrusion at all and thank you for considering me, but this style of investment does not fit me (or similar statements)". Some never responded. In all cases, I made every effort not to repeat the missive to those that have received it once. Few posters that are posting under numerous handles have received it twice and few others have received it twice due to a failure in my computer system about a month ago.

I think that this activity was well within the norms expected between SI posters and I still believe that if any posting privileged should have been revoked, Mr. Riley should have been the correct recipient of such action, not I.

Once again, thank you all for your wondeful support and have a happy and prosperous new year.

Zeev



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