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Technology Stocks : VNWC - VIDEO NETWORK COMMS INC ( VNCI ) -- Ignore unavailable to you. Want to Upgrade?

To: afrayem onigwecher who wrote (83)	4/20/2002 10:50:48 PM
From: PartyTime	Respond to of 308

Afrayem, what's the reference for what you printed? I don't wanna get bogged down by who did what five or 10 years ago; I don't wanna hear how great things are when the evidence is not clearcut and present; and I don't wish to be in the middle of an inarticulate debate over what's being done and what's not being done. Ideally, it's the performance of the company that should do the talkin'! What I'd like to see is the following: a) a close on financing that is credible to the company, to those putting up the cash and to the shareholder; b) evolution and solidification of VNWC's previously-announced military contracts; c) progress on VNWC's e-rate contracts. d) new contracts announced or old contracts renewed. e) elimination of past debt and self-sustaining revenue generation. f) a gradual climb in the share price rather than disparate up or down spikes. g) folks happy and content about their investment and, more importantly, folks who are knowledgeable about their investment. What's wrong with that?

To: afrayem onigwecher who wrote (83)	4/21/2002 2:21:47 AM
From: blebovits	Respond to of 308

Shorting a stock down. Interesting scenario: titan.com Titan Corporation Files Lawsuit To Halt Short Sellers' Scheme Contact: Robin Gerber RGA 310.209.5678 (x) 222 cell: 310.413.2801 -- rgerber@rgacorp.com Wil Williams, Titan VP, Corporate Communications wwilliams@titan.com -- 858.552.9724 SAN DIEGO, August 30, 2000. The Titan Corporation (NYSE:TTN) announced that it filed a lawsuit today to stop a scheme by unscrupulous short sellers to drive down the price of Titan stock from $44 -3/4 a share on May 1, 2000 to $21 a share on August 22, 2000. Titan claims in the lawsuit that short sellers are posting anonymous messages on Internet bulletin boards, issuing anonymous false reports, and are using the media to spread false statements and rumors about the company that caused Titan stock to dramatically plunge. The recent case of Emulex losing over $2 billion in market value within 15 minutes of the distribution of a false press release is another example of the ongoing abuse of rapid distribution of disinformation through technology for illegal gain. The suit seeks damages and an injunction against further securities manipulation. Gene W. Ray, Chairman, President, and CEO of Titan said, "Titan has drawn a line in the sand. We will protect the interest of our shareholders. Titan will not tolerate irresponsible and illegal manipulation of its stock." Titan has retained Los Angeles attorneys Marshall B. Grossman and Michael A. Sherman of the Los Angeles law firm Alschuler Grossman Stein & Kahan LLP to prosecute the lawsuit. According to Grossman, "Titan will smoke out and expose the short sellers who wreak havoc in the lives of investors and force them to disgorge their ill-gotten gains. We will follow their trail from the birth of their schemes into the trading rooms. We will remove their cloak of anonymity so that the world will see how these operators spread false information on Internet bulletin boards and through the guise of so-called 'analysts' reports as well as through the financial media." According to the lawsuit: on May 1, 2000, Titan shares closed at 44 _ a share. During the first half of May, the short sellers schemed to drive the price of Titan shares down. By May 25, the price of Titan shares dropped precipitously and closed below $28 a share. By June 20, the shares rebounded and closed above $44 a share. The defendants then conspired to drive the price of the shares down once again. On August 7, 2000, the share price closed below $29 a share and continued its slide to trade below $21 a share on August 22, 2000. The market loss to shareholders between June 20, 2000 and August 22, 2000 was a staggering 50% or $1.3 Billion. As a result of its own investigation, Titan has identified some three dozen screen names used by apparent short sellers to spread false information over the Internet. Upon the filing of the lawsuit, the court took the unusual step of issuing a subpoena to require Yahoo to turn over its records showing the identity of those who posted those bogus messages. Headquartered in San Diego, California, The Titan Corporation creates, builds and launches technology-based businesses, offering innovative technical solutions. Three of Titan's four core businesses develop and deploy communications and information technology solutions and services. In addition, Titan markets the leading technology for the electronic pasteurization of food products and is continually identifying promising technologies suitable for commercialization. Titan has 7,600 employees, annualized sales of approximately $1 billion and total backlog in excess of $2.2 billion. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts, including our ability to identify the short sellers and prove the material allegations of our complaint as well as our ability to obtain remedies against the defendants, are forward looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the risks inherent in any litigation and other risks described in the Company's Securities and Exchange Commission filings.

To: afrayem onigwecher who wrote (83)	4/21/2002 7:27:03 AM
From: StockDung	Read Replies (7) \| Respond to of 308

HE WORKS FOR NVEI AND GOT TONS OF WARRANTS FOR BEING A CONSULTANT. IT IS NOT KNOWN IF HE EVEN LIFTED A FINGER TO HELP THE COMPANY OTHER THAN THE LAST PUMP DUMP? HAS THIS CLOWN DONE ANYTHING? Winehouse's Alleged Scheme tourolaw.edu The complaint alleges that defendant Isaac Winehouse, doing business as Wall & Broad Equities, organized a "cartel" to purchase a percentage of the Nu-Tech convertible preferred in the names of nominees. He then allegedly arranged for a number of securities firms to become market makers in Nu-Tech common stock and proceeded to sell the common short, allegedly to drive the price of the common stock down. The Dealings Among Nu-Tech, Winehouse and Plaintiff Plaintiff Mordechai Gurary purchased 1,000 shares of Nu-Tech common on October 31, 1996 and another 5,500 shares on November 7, 1996 at $14.60 and $15.50 per share, respectively. In or about December 1996, the stock price began to decline. A concerned Gurary spoke to J. Marvin Feigenbaum, chairman of Nu-Tech. Feigenbaum told him that he had spoken to Winehouse and threatened that Nu-Tech would refuse to register the common stock into which the preferred was convertible unless Winehouse and his group stopped shorting the common. He predicted that this threat would convince Winehouse to stop shorting the stock because a refusal to register the common issued upon conversion would force Winehouse to cover his short position by purchasing Nu-Tech common in the open market, perhaps at higher prices. Gurary, evidently comforted, then purchased another 1,000 shares on December 24, 1996 at a price of $11.75 per share. Gurary claims subsequently to have learned that Winehouse and his associates had continued to short the stock using nominee names, having arranged to "borrow" an unlimited number of shares for that purpose from market makers. On February 18, 1997, Gurary again spoke to Feigenbaum, who told him that he had met that day with Winehouse and others in another attempt to stop the short selling. Feigenbaum told Gurary that Nu-Tech had offered to repurchase the group's preferred shares at cost plus ten percent and to allow it to keep its existing profits from the short sales if the group would stop its activities but that Winehouse had refused. Feigenbaum, however, told Gurary that Nu-Tech would not give in to Winehouse and would refuse to register the short sellers' shares. Later that day, Gurary bought another 8,350 shares of Nu-Tech common at a price of $11.57. On March 12, 1997, Feigenbaum and another Nu-Tech board member met again with Winehouse and asked that Winehouse and his group accept registration of the common stock into which their preferred was convertible over a period of twelve months rather than insisting that it be registered immediately. Winehouse again refused and said that he would continue to sell short. Nu-Tech common stock dropped approximately $6 per share over the next two days. On March 14, 1997, the company issued a press release which stated that the price decline could be attributed to "possible sales by shareholders." No mention was made of the discussions between Nu-Tech and Winehouse, allegedly to avoid disrupting Nu-Tech's efforts to acquire Physicians Clinical Laboratory, Inc. ("PCL") out of bankruptcy. A few days later, Gurary was approached through an intermediary and spoke with Winehouse, who allegedly admitted to him that he deliberately had shorted the stock to drive the price down, said that he intended to continue, and advised Gurary to sell his shares because the price would drop to "a dollar."