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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (72381)	7/3/2001 5:50:07 PM
From: Duke-N-Duke	Respond to of 122087

(Names have been changed to protect the innocent and I don't mean Clinton.) Once upon a time there was an evil and wicked king called King Swinton. Now King Swinton was so wicked that once he had one of his most trusted knights (Vince of Gloucester) murdered just because he knew too much about his wickedness. King Swinton ruled the Land of the Sheeple, a vast and fertile plain inhabited by a hybrid race composed of one-half sheep and one-half people. The sheeple were under the king's spell to such an extent that they had no worldly cares other than their own good fortune; and when they weren't working in the dilapidated communes of the king, earning wages merely to pay their taxes, they merrily skipped about and amused themselves with so many trivialities. Now realize this, that the sheeple could have broken the king's evil spell at any time, out of their own free will, except only for the fact that they wanted to think that their ruler was not so evil and that his wickedness, the king, knew what was best for them. The adjoining kingdom was inhabited by a class of valiant and brave warriors called patriots who intuitively knew how wicked King Swinton was and wished to try their best to warn the sheeple of their tragic plight. So one day the whole of them went forth in order to proclaim liberty throughout all of the Land of the Sheeple. Now not many of the sheeple listened to the wise words of the patriots, at least not at first. But a few did listen and they told their wool-laden friends, and so forth, until one day a great many of the sheeple were well-informed. On that bright and glorious day, the sheeple rose up and presented the king with a redress of their grievances. The evil king, upon reading the redress, laughed out loud and continued to rule in the same fashion as before, only harsher. Having exhausted their options, the sheeple put down their plowshares, beat them into swords, and sought to overthrow the evil King Swinton by marching with their arms upon his spacious, white castle. But his wickedness, the king, would not be overthrown so easily, and so he called forth his most dedicated and feared warrior, the evil General Leeno. Now Leno, heeding the orders of the king, immediately gathered together a large and dreadful army and promptly marched out into the countryside, burning down all of the houses and churches owned by those who she considered to be rebellious and ungrateful sheeple. Now understand that this act of dishonor incensed the sheeple to such an extent that the whole of them spontaneously rose up in order to put down Leeno's powerful, but mindless, legions. Still undaunted, the imfamous Leeno cried out to them in a rather manly voice saying "Disperse Ye Woolen Ones, Disperse Ye Rebels, go forth and continue to amuse yourselves with mere trivialities." The sheeple, however, being now awakened from their long and deep intellectual slumber by the efforts of the patriots, knew better than to surrender so easily. Thus being undaunted by wicked Leeno's threats, they valiantly rose up that very day and slew her and her lumbering legions. Now understand that after this, the Land of the Sheeple was renamed the Land of Liberty for the People and everyone lived happily ever after (well almost). anu.org

To: Mama Bear who wrote (72381)	7/3/2001 5:50:19 PM
From: CaptainSEC	Read Replies (2) \| Respond to of 122087

Push the wool out of your eyes, Mama Bear. You're starting to resemble a certain other member of the animal kingdom instead of that intelligent and thoughtful Bear that I know you to be. You said; To me, an error of .05% (that's point zero five percent) is a negligible rounding error. Negligible? Perhaps. An error? Indisputably. You yourself use the words 'negligible rounding error'. So even if, in your judgement, it is immaterial, or hypertechnical, or anal retentive, it doesn't change the fact that it is simply incorrect, untrue, erroneous. No amount of spin on the significance, importance, size of error, or 'whether it counts' changes the fact that the market cap was not 74 million on June 25, and that the share count is neither 22 million, as the report states, or 23.288 million, as was supposedly used to calculate the market cap. The market cap "error" is also nonsense, since that was the market cap when the report was written. If you're seriously trying to suggest that either of these are real errors, my suggestion is to find someplace to buy a clue. Have you calculated the SLPH market cap on either June 25 or June 26 using accurate numbers? Does it match the number in the SLPH report, even rounding off the share count, closing price, and total? As I stated before, my own calculations are based on 22,712,800 shares outstanding (the number in SLPH's last SEC filing; in my book of clues that is a much more authoritative source than Bloomberg or any other third party information reseller), and even being very generous and rounding off to 22,700,000 as the report ostensibly does, and then multiplying by 3.15, I still get a market cap of 22,700,000 x 3.15 = 71,505,000 SLPH Report: 74 million Maybe we could at least agree that at some point that difference of $2,495,000 in market cap will possibly be very significant to SLPH longs some day. In any event, the challenge was very clear. Find 'one untruthfull statement in the SLPH report'. I've re-read both the challenge and the report several times, and I don't see anywhere that miscalculations or erroneous data due to unsubstantiation of sources are considered off-limits/out of bounds/excusable errors. As I stated in my last post, I'm not interested in pursuing this any further. I just find it amusing that a challenge was issued to find any untruthful statements in the otherwise excellent SLPH report, and nobody here is man enough to stand up and admit that the numbers were not checked out; instead I'm being attacked by a horde of little white fluffy bleaters. To everyone who has been critical of my responding to this challenge; thank you for the many suggestions as to what I should be doing. What I will in fact do, is to continue to follow the number one rule in my personal Book of Clues; Always do your own due diligence. If you would just push the wool out of your eyes for 5 seconds and do the calculations yourself, you will see that the numbers in the SLPH report are wrong. Call it rounding off if it pleases you, but it pleases me to know that I had enough of a clue to check the share count, the closing price, and the calculations myself. Did all of you? Have a Happy Fourth, and remember, 'Two legs good, Four legs bad!'