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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (3596)3/8/2001 4:07:12 PM
From: mst2000  Read Replies (1) | Respond to of 4443
 
Auric -- Let's see: The SEC indicted 20 people from FUE in an investigation that focused on stock manipulation involving, among others, ASTN, and yet they did not indict Rittereiser nor any other member of ASTN management, nor even mentioned them as unindicted co-conspirators, or even as being involved in any way. And that in an investigation where you KNOW that every FUE broker who testified before the grand jury and didn't take the fifth probably said something to the effect of "I was only telling people what I was being told by management".

And then you say you are "pointing out where the federal government came out". Followed by innuendo totally unsupported by the indictment ("it's rare that underwriter activities are unknown to management . . . ). And you call yourself a seeker of the "truth"?? What a crock.

This is old news - kicked around on CNBC in 1997 when FUE went under, and nobody is arguing that those guys deserve the indictment. But to leap from there to ASTN's demise??

I'll tell you where the "government came out" on ASTN:

eVWAP: Approved.
Amendment to eVWAP on price structure: Approved.
Amendment to incorporate credit authorization features: Approved
Amendment to modify price structure (a few weeks ago): Approved
Quoted at length in Reg ATS
Approved just yesterday by the Toronto Stock Exchange

Save your garbage for the trash man. As usual, you know nothing but talk a lot. I'll see you at 10 when (hopefully) you return to short this again.

MST



To: Sir Auric Goldfinger who wrote (3596)3/8/2001 5:35:01 PM
From: Edscharp  Read Replies (2) | Respond to of 4443
 
Auric,

Unlike others in the past I have never been one of those who criticized your shorting of this stock. I always believed that you had an intuitive understanding that companies in development with little or no earnings, like ASTN, are bound to have delays, product development issues and/or financial issues that impede their progress and were thus "fair game" for short traders.

For the first time, I believe your motives are far more transparent than I realized. I don't believe you're terribly interested in exploiting excessive investor zeal for your own profit, I now believe you are more interested in creating the perception of problems where there are none.

There is nothing in that article that even remotely connects the management of ASTN to boilerroom tactics. If that were indeed the case you would be 100% correct in your assessment and I would congratulate you on your remarkable insight.

If you were objective about this you would make a concerted effort for us poor deluded longs to convince us that management is aparty to these events.

What I did notice is that you conveniently skipped over this point in your reply to MST

Schmuck!

Best Regards, Ed S.