Flodyie did you used to do domain registration work for Ray Dirks?
I ask because we can all see your unfortunate typing when signing up here, and Ray to has had his troubles.
networksolutions.com
Note the raydirksreseach.com then look again and note the missing R in reseach.
Funny, I keep trying to find a working website for this esteemed analyst and his firm and I cannot. All the domains no longer work, you'd think such an esteemed analysyt would be proud of his past and would have a website detailing it, but i've yet to find it. All I can find are articles where he's mentioned in a negative tone, almost as if he had something of a bad reputation, though I know that couldn't be possible or ZSUN would not associate themselves with him.
Examples of this negativity are,
individualinvestor.com
"And its lead underwriter was not exactly a bluechip name--Dirks &Co., home of the legendary Ray Dirks. "
This in an article about how TPN(a profitable foreign internet company) had performed so poorly after Dirks "ipo'd" it on the Amex.(they sold ADR's). The stock has traded down considerably since it's IPO before jumping today.
Message 10503906
From a Wall Street Journal Article.
Sometimes, payment goes beyond warrants. A year ago, J-Bird Music
Group retained Security Capital Trading Inc., a New York firm run by
analyst Ray Dirks. As part of the financial-advisory deal, Mr. Dirks would issue a research report and promote the Internet music company, says J-Bird Chief Executive Officer Jay Barbieri, and J-Bird would provide the Dirks firm with 500,000 shares, which were restricted as to when they could be sold.
J-Bird figured it had hit pay dirt. After all, Mr. Dirks was a famous analyst. In a celebrated 1973 case, he tipped his clients to the impending collapse of an insurance company called Equity Funding. The Securities and Exchange Commission charged him with insider trading, but 10 years later the Supreme Court ruled in Mr. Dirks's favor, setting a precedent that shaped the way business is conducted on Wall Street.
A Dirks analyst, Steve Monte, spent a day at J-Bird's Wilton, Conn.,
headquarters, and then issued a 14-page report labeled "Purchase
Recommendation." Because J-Bird shares trade "on the Electronic Bulletin Board (and for only $1.18 a share), the company and its huge potential has not yet been discovered by the investment community," Mr. Monte wrote in July 1998. "We suspect that this condition could change very rapidly." The report stated prominently that J-Bird had retained it in a financial-advisory capacity, but it didn't mention that J-Bird had supplied it with 500,000 shares.
J-Bird's potential has yet to be discovered. By late last summer, Mr. Dirks had stopped offering the stock to his institutional and individual clients, though he says he is still trying to work with the company. He says his firm continues to hold J-Bird shares. They now trade at about 48 cents apiece.
Mr. Dirks isn't bashful about accepting warrants or shares. "This happens all the time," he says. "It's a common practice, and I've been around 40 years."
But to J-Bird's Mr. Barbieri, "This is a terrible game, when you leave guys like me in the position to deal with these types of promoters or we get no visibility."
How about PINC
planetcity.com
They sign an agreement with Dirk's Security Capital Trading, July 22, 1998. Stock trading around 93 cent's, spikes to $1.25'ish, currently 22 cents.
TTRIF???
Message 11163934
Monday Feb 6 1995
The Financial Times says in its February 4 issue that it worries about the stock market prospects of Thermo Tech Technologies after a perusal of court files. Reporter Alan Bayless says New York investment banker Ray Dirks Research issued a buy on Thermo Tech January 9 at $4.38, forecasting net income of US$0.68 a share in the fiscal year ending April 30, 1997, up from US$0.37 in fiscal 1996 and a loss of US$0.17 in the current fiscal year, based on nine plants in operation by 1997.
Current price 6.5 cents bid, 6.9 cents ask.
There's plenty more, shows the desperation of ZSUN to associate with such a person. Certainly not in the shareholders best interest other than maybe a short term pop, get out while you can, the big boys will be, though it'll never show. I'd say Mr. Shortbuster's reputation will attract more shorts to this stock than anything in months.
CMB |
