The complaint about SellFirst was sent to SEC. Here is my philosophy on the subject...
In fact three complaints were sent: the original one and two updates. Everything has been copied to SI administrator and ZSUN for reference to their attorney, should they think it is appropriate. In fact, SEC encourages this type of report, as it saves them time in their regular monitoring of illegal activities on various boards. You should also know I don't bluff. When I think I have found a good stock (a great one in this case), I will defend it strenuously.
I guess I have nothing better to do in life, since I retired early and I am reasonably wealthy. Besides, I have a crusader mentality and have this inborn propensity to defend the oppressed against the bullies and the good companies against the actions of the stock manipulators and the publishers of lies, misrepresentations and innuendoes.
It works both ways: if I identify a company of dubious quality shamelessly hyped by professional touters who operate under various aliases and don't disclose their relationship and reward, then I make every effort to warn would be investors of the true situation. Many regulars on SI know that the above statement is a fact.
My plan is simple: I have identified a lawyer who operates in the building where SI is headquartered, so I can obtain the rapid service of subpoenas to find out the real identity of posters publishing illegal material. I have another lawyer friend who is willing to take on certain cases on a contingency basis (he is paid a percentage of judgements for damages) when it comes to blatant lies, libel and defamation spread on certain threads for the purpose of damaging the reputation of a company and financially benefiting when shorting its stock.
I am also compiling a data base that includes the various aliases and posts believed to be illegal from various posters on SI, who often happen to be shortsellers. We'll see how it all pans out, since it is a recent endeavor for me and there is no guarantee of success. I also never short stocks: I just make my money the hard way by finding undervalued companies with great potential: ZSUN, XNET, WCAP, etc...
Happy legal investing!
Regards, F. Goelo + + +
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