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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Katie Kommando who wrote (22884)	1/27/2000 10:19:00 PM
From: Wayne Rumball	Read Replies (2) \| Respond to of 150070

Funny thing is I am not sure why I didn't sell it at 0.02, or 0.03, or 0.07 Put in an order to sell at 0.08 today, hit send, screen came up for confirm..... Hit cancel and turned off the computer. Had to go see the wife and new baby in the hospital.

To: Katie Kommando who wrote (22884)	1/27/2000 10:41:00 PM
From: Katie Kommando	Respond to of 150070

Here is an interesting article. The power (and danger) of message boards: January 27, 2000 Heard on the Net Overheard: CEO Says Officials Planted Web Posts That Got Him Fired By CARRIE LEE THE WALL STREET JOURNAL INTERACTIVE EDITION A dispute between a New York commercial leasing firm and its former chief executive, who was fired after a slew of negative postings about him appeared on Internet message boards, has taken an interesting turn. Dimitri Papadakos alleges in court documents that the negative postings on a Yahoo! message board (finance.yahoo.com) that led to his firing by the Gyrodyne Co. of America board of directors last March were orchestrated by officials from the St. James, N.Y., company -- including a director. The allegation was made in an amendment to a defamation lawsuit Mr. Papadakos had filed last spring in New York State Supreme Court in Suffolk County seeking $20 million in damages from Gyrodyne and various online posters, who were listed at the time by their Internet screen names. The unfolding saga was the focus of a Heard on the Net column last year. In the lawsuit's amendment, which was filed Jan. 12, Mr. Papadakos named his half brother, Peter Papadakos, a Gyrodyne director at the time, as one of the message board participants. He alleges his half-brother used the aliases "BumnStJames" and "JudgeKennethGyroStarr" to post negative messages. The complaint also alleges that Peter Pitsiokos, Gyrodyne's vice president, corporate secretary and general counsel, fed Peter Papadakos defamatory information for the postings. The posters had accused Dimitri Papadakos of shirking his responsibilities as CEO, causing the company's stock to sag. "It was outrageous for Gyrodyne to fire Mr. Papadakos when it was apparently orchestrated from within ... they ruined his reputation," says Jacob Zamansky, of Zamansky & Associates in New York, which is representing Dimitri Papadakos. "We believe the [allegations] are false and done maliciously to hurt Mr. Papadakos. He ran the company above board." Robert Holtzman, an attorney with Kramer Levin Naftalis and Frankel in New York, which is representing Gyrodyne declined to comment, citing the pending litigation. Peter Papadakos, who is no longer a director of Gyrodyne, did not return telephone calls to his home in Reno, Nevada, seeking comment. According to court documents, the identity of the person posting as "BumnStJames" and "JudgeKennethGyroStarr" was traced through subpoenas to Yahoo and America Online. Yahoo doesn't collect information to verify the identity of its message board users. However, it provided an AOL e-mail account that allegedly was used by "BumnStJames" and "JudgeKennethGyroStarr." AOL in turn revealed the owner of the account to be Peter Papadakos, according to the court papers. The messages, which were posted on Yahoo! from November 1998 through March 1999, alleged that Dimitri Papadakos received illegal payoffs and diverted company assets for personal use, among other things. The postings led to an investigation by Gyrodyne's board of directors, which then fired Dimitri Papadakos. In a separate legal proceeding, which is scheduled for a hearing in February, Mr. Papadakos is seeking compensation from Gyrodyne for the cancellation of his employment contract and for other damages. Dimitri Papadakos was Gyrodyne's chief executive from 1992 until he was fired.