Just wanted to share Tom Worley's response to Gayle Essary. IMHO, Gayle's obscenities are no match for Tom's articulate and professional manner. I ask you, which is more credible?
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Subject: Re: Going Ballistic
Date: Mon, 23 Mar 1998 06:44:28 -0500
From: "Tom Worley" <stkguru@netside.net>
To: "Trafalmadore" <nymg@pipeline.com>
CC: "Ken Todd" <ddotnek@bellsouth.net>, "D. Tod Pauly" <Tigre@dataplusnet.com>,
"William Harvey Kirby" <harvey@sunworks.com>,
"Barry M. Ross" <plugnplay@gzinc.com>
Gayle, I have no intention of engaging in a swearing match with you,
and in any case it looks like you are better at it.
I am a licensed professional in the securities industry, tho inactive.
My signature block is a conscious and deliberate effort to fully
satisfy all guidance from my regulators for "full disclosure",
something I wish you had done before I ever heard about GIFS. I have
reread my signature block, and frankly don't know where you draw any
inference of "small cap" stocks, nor any concept that I make any
recommendations, as neither apply or are correct.
I rarely post anything public, and when I do it is typically in
response to some investor asking a technical question about how the
market really works, where my experience and professional knowledge
allows me to comment.
You are correct, if someone was slandering me on the internet, as you
are in this email by implying I am doing something wrong for which I
"require such a disclaimer", then I would be offended. However, I
would consider both my position (which I know to be correct and in
compliance with my regulators) as well as considering the source of
such slander (you) and recognize your lack of professional knowledge
of my industry, as well as your journalistic quality, and dismiss the
slander as meaningless.
If memory serves me right, Gayle, I believe you were the very first
person who asked me to serve as SAC Moderator for GIFS after Ruth
resigned and you temporarily took over those duties. Obviously you
didn't realize at that time, and may since have regretted that
request, that I am a person of integrity who takes his duties and
responsibilities very seriously. I do not serve as Moderator by
choice, nor by desire. I have far better things to do with my time
than attempt to pursue recovery, but that is what the shareholders
wish, and failing that they at least want all persons involved held
accountable.
I will continue working with both the shareholders and the SEC in
resolving the GIFS scam. I expect in time all persons responsible will
be named. If you truly travel with the angels, then you ultimately
have nothing to fear from me or the SEC. And if you were a knowing and
active participant, either in perpetuating the scam or in trading on
inside information, then it's likely a good thing that your only asset
is an '87 stang. In the latter case, I can only guess at the
consequences to IRI and your position there.
Gayle, your threats and obscenities have no effect on me. I am
ex-military and have heard, and read, far worse. Frankly some of what
has been written about GIFS to date is far more obscene. I deal in
facts, and I am a good investigator, and intend to pursue my search
for facts to the extent necessary.
If a change in SEC procedures to prevent such internet inspired scams
from continuing in the future is the ultimate requirement, I intend to
pursue the political channels, including public hearings, to achieve
that. It wouldn't surprise me that your name would get mentioned there
along with many others. And, presumably, you would also have the
chance to tell your side of the story, under oath, before Congress and
the public. Should that come to pass, I would hope you would tone down
the obscenities dramatically.
Any statements or opinions are strictly my own and not that of my
employer. My comments should not be interpreted as a recommendation of
any kind. I am a licensed (inactive) broker and an active investor.
All investors should do their own research prior to any investment,
especially one learned about on the Internet. Hopefully my comments
will better inform and educate all investors.
tom w
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