To: PartyTime who wrote (9957 ) 1/26/2000 8:48:00 PM From: Pluvia Read Replies (3) | Respond to of 18366
PartTime, Pluvia--what's this stuff all about? Squeezed for time, I've been doing intermittent searches on two fronts: a) your shorting career; and b) my effort to come up with a credible response to Chris Burns. You mean you're long this stock, touting the crap out of it - and you don't know the first thing about the technology apparently running this company? Why am I not in the least bit surprised? You will find some interesting articles about me being sued/attacked by the companies I exposed as scams. They almost always come at me with some counter attack. They always lose. Let me enlighten you with the most recent... 1. SBTK - sued me for 90 million, accused me of make fraudulent claims about their company and it's directors in an attempt to drive down their stock price. 2. The claims I made vs SBTK were; a) They committed accounting fraud significantly distorting their sales revenue by stuffing channels; and b) They failed to disclose significant events to shareholders, (FDA letter demanding they halt production of a product), until after insiders sold $40 million of stock. 3. SBTK never served me with the suit - only issued a press release via DJ announcing the suit. 4. I responded to SBTK directly by addressing the SBTK CEO on the days his stock drop significantly by posting ***GOOD MORNING SHAN PADA - HOW'S MY FIST***. 5. I caused them to be sued for fraud by the largest class action firm in the world. 6. Less than 60 days after SBTK announced the suit against me, and 2 of the SBTK investment bankers (Robbie Stevens Banc Boston and another major WS firm), announced a Buy Rec with a 25 price target on the company - and specifically addressed my accusations against the company by claiming they had checked them out and found them to be false; A) The CEO was forced to resign by the BOD; B) They announced they could not file their Q due to accounting problems they had, and that the failure to file caused them to default on their debt; C) They admitted they were in a liquidity crisis. The stock dropped from $26ish to $2 then to about $.50 cents. Shortly thereafter their auditor quit and pulled their opinion on their Q, they were delisted and filed bankruptcy. All of my accusations against the company were proven true. The company never served me with the suit. I could go on with some of my other fun adventures if you like. I have uncovered, reported and crushed the life from many fraudulent companies in the past. All of my accusations of fraud have proven accurate. Shareholder that have heeded my research have saved themselves millions of dollars and made millions more shorting the stocks I target. Want more bud?