Auric, I'm sorry, did I ask you a question that I've forgotten? What are you talking about in your latest post? Did I ask you to bet with Mr. Travis? What is this about a debt? Does Travis owe you money or are you attempting to weasel out of Mr. Travis offer to pay you $500,000 dollars if you could prove either of 2 statements you've made?
I talked to Mr. Travis regarding the NASD fine. I was correct! It was from an offering they did in 1994. The company was GTAX and it went from the single digits (per unit) to somewhere near $70 and still trades multiples above its IPO price (per unit). The SEC agreed with Travis and the NASD disagreed with both of them, so the NASD penalized Travis. Personally, I know of other cases where this has happened and the NASD, in their almighty wisdom, has penalized a company even though the SEC sides with the company.
For those of you with less market experience (like Auirc), dealing with the NASD is like driving in a state where there's no speed limit, just a sign stating, "Don't Drive Too Fast"! Well, what in the bell is, "Too Fast"? On any given day, an officer (NASD official) has the authority to ticket you for his interpretation of, "Too Fast." You may drive at 50 mph and assume this is safe because everyone else is doing it, but think again!! An officer may single you out and ticket you. The NASD is one of the closest examples of dictatorship that we have in this country. Just my opinion, of course.
Anyway, Mr. Travis "ticket" had to do with interpretation of "penny stock" rules. He was under the opinion that the GTAX IPO did not fall under the the definition of a "penny stock." It has to do with splitting hairs. His firm doesn't do "penny stock" IPO's so he felt there was nothing to be concerned about. Part of his penalty was to avoid "penny stock" deals for a year. Since his firm doesn't do penny deals, it makes little difference. He could have continued to fight the penalty for more years and spend another $100,000 in legal fees, but to avoid the aggravation, get it over with, and save money.........the penalty was paid.
If you base your investment in AENG on this travesty of justice, you've been fooled by the far side (Auric, the short seller). This wouldn't equate to a single pixel in the big picture of AENG.
Let's think of it this way............IMO, Auric works for a small securities firm. At this point in his life, he lives to degrade AENG. He has lied numerous times on this BB by making outright false statements about AENG, etc. Auric and his firm are hiding in the dark, attempting to shine a spotlight on every pimple on this horses rear. Why? Because they have a short position in AENG (they're attempting to force the stock down so they can profit). We know who Mr. Travis is and we know about AENG, etc, (they don't hide) but we don't know who Auric is and what firm he represents. Why? Because if this were public information (if Auric came out of his hole), the NASD, the SEC, and numerous attorneys would be all over him LIKE WHITE ON RICE, LIKE DOTS ON DICE, LIKE CATS ON MICE!! In other words, who's the real criminal here?
Best of Luck, Greg
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PS. Yes, I know Auric didn't bring this penalty to the attention of the BB, but he's the one using it and attempting to gain from it, so my response is to him/her/it/or whatever. |
