SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Pluvia who wrote (82228)12/10/2002 8:10:55 PM
From: DanWebzster  Read Replies (1) | Respond to of 122087
 
I guess it's only sad if you have a heart. My mother would say that he was once someone's little boy (and I would probably roll my eyes). What she would really mean by this type of comment is that he had big hopes and big dreams, but he was too weak to stand on his own to accomplish them. He wasn't an adult. Hell, he wasn't even adult enough to use a real gun. Yes, it is sad.

I sometimes question whether trading is an adult endeavor. To me, the way Tim died is anecdotal evidence that it is not.

Does anyone have any good picks?



To: Pluvia who wrote (82228)12/10/2002 9:19:12 PM
From: bob  Read Replies (1) | Respond to of 122087
 
The fact of the matter is you would never have had the balls to tell him that to his face.

The sad thing about you is that you even exist.

Cheers



To: Pluvia who wrote (82228)12/10/2002 10:03:00 PM
From: heronwater  Respond to of 122087
 
Good grief!

LOL

By: 5derb
10 Dec 2002, 03:52 PM EST Msg. 113035 of 113061

ADIOS... Pluvia was right. I will miss this board. I remain 5derb...

ragingbull.lycos.com



To: Pluvia who wrote (82228)12/10/2002 10:58:47 PM
From: Taki  Respond to of 122087
 
God bless Tim Luke, and forgive him.I know Plum will not
Forgive Tim Luke.Plum would prefer to probably go and piss over Luke's Grave?Plum should register for the ultimate fight championships in the Lion's Den.Only lions fight there
that feel no sorry when they smash heads.Ironically Plum's sign=LEO.



To: Pluvia who wrote (82228)12/10/2002 11:25:54 PM
From: ChrisJP  Respond to of 122087
 
Welll Pluvia, too bad SI doesn't have a "who needs a new personality contest" ...

Jeeeez as it turns out you'd probably only make it into the Top 5. lolol

But you definitely will score some points for effort.

You'll be dead some day too.

Chris



To: Pluvia who wrote (82228)12/10/2002 11:41:45 PM
From: Neenny  Respond to of 122087
 
Pluvia,

You should hook up with "X" the two of you could dance together on the graves of those whom you did not care for, and have no respect for the grief of others....



To: Pluvia who wrote (82228)12/11/2002 10:39:25 AM
From: HandsOn  Respond to of 122087
 
You must have a pitiful existence, I'll remember Tim as a standup guy and a good friend. Why would He use a plastic gun to rip someone off as you say when Tim had real handguns, maybe you should think before you proclaim your ignorance and bitterness by opening your trap here Einstein!



To: Pluvia who wrote (82228)12/11/2002 1:31:37 PM
From: Fast Eddie  Read Replies (1) | Respond to of 122087
 
Well Steve, there goes what little respect I had for you. You're one sick phuck.

Rot long,

Fast Eddie

P.S. I second the opinion that you never would have said anything to Tim's face.



To: Pluvia who wrote (82228)12/11/2002 5:02:56 PM
From: Patricia  Respond to of 122087
 
Pluvia, you are one sick, pathetic disgusting poster.



To: Pluvia who wrote (82228)12/12/2002 12:25:36 PM
From: StockDung  Respond to of 122087
 
Optus spins New Tel out the door
Geoff Elliott
December 11, 2002

THE dream is over for New Tel chief executive Peter Malone and Richard Steggal, would-be saviour of the Perth-based junior telco.

One of New Tel's biggest creditors, Optus, owed more than $10 million, yesterday appointed accountants Phil Carter and Greg Hall of PWC as joint administrators of the struggling company.

The administrators walked into New Tel's Sydney offices yesterday evening, bringing to a close an extraordinary month in which Mr Malone did all he could to stave off the appointment of independent managers to a company that is already under investigation by the Australian Securities and Investments Commission for insolvent trading.

Mr Malone and Mr Steggall had been brothers in arms in trying to save the company. Late yesterday they walked into Optus's offices all guns blazing.

They were in and out in under 10 minutes, shown the door by Optus business manager Rohan Lund, who did not believe Mr Steggall's claims that his Broadcast & Wireless Ltd group was independently funded.

Both Mr Steggall and Mr Malone had been confident before the meeting. Mr Steggall said he was going to negotiate "bloody hard" while Mr Malone had told employees everything would be fine.

"We have got the funding in place," Mr Steggall said as he walked to the Optus building. "Malone is here to clarify his position. We are going to go in bloody hard, our documentation proves we have independent funding. But if Optus want to screw, they will screw us."

After they had walked out, Mr Steggall telephoned The Australian: "The meeting is over, I guess you know the outcome."

Mr Steggall, 26, who is serving a three-year suspended sentence for fraud and who has used two different names in company filings, was the frontman for the mysterious BWL.

The Australian had revealed its close connections with New Tel, with sources revealing that New Tel itself appeared to be funding BWL's efforts to restructure New Tel's debts, a money go-round that left Optus exposed. Any deal almost certainly would have been unwound at a later date since it would be regarded as a preferential payment to a creditor.

Mr Steggall denied New Tel was funding BWL but has had few answers to questions that arose out of BWL's sudden appearance on the radar screen with claims to more than $70 million in funding.

BWL had proposed buying Telstra's and Optus's debts - they were owed about $22 million - for about 50c in the dollar.

New Tel admitted in a statement last week it was to pay BWL cash, as well as shares, if it could pull off the transaction.

Yesterday, a Telstra spokeswoman backed the Optus decision to appoint an independent administrator to New Tel. She said it had been Telstra's preferred option.

The appointment of the administrator means New Tel may continue to trade but serious doubts about its ability even to pay its salaries could still see the business wound up.

The Australian has learnt that ASIC has interviewed Mr Malone and other executives over suspicions the company may have traded while insolvent from mid-October.

Just three years ago, Mr Malone was riding high, having raised more than $100 million from shareholders on the back of a claim that New Tel would become the America Online of China, a reference to the biggest media and internet company in the US.

The Australian



To: Pluvia who wrote (82228)5/27/2003 5:16:48 PM
From: StockDung  Respond to of 122087
 
SEC FILES FRAUD CHARGES AGAINST AMPLIDYNE, INC. AND ITS CHIEF EXECUTIVE
OFFICER, DEVENDAR BAINS

On May 22, the Commission filed a settled action in the U.S. District
Court for the District of New Jersey against Amplidyne, Inc. (Amplidyne)
and its President, Chairman and Chief Executive Officer, Devendar S.
Bains (Bains). The Commission's complaint alleges that Amplidyne and
Bains violated the antifraud provisions of the federal securities laws
by making false and misleading statements concerning Amplidyne's
purported entry into the high-speed Internet wireless access market.

The Commission's complaint alleges that on Sept. 9, 1999, Amplidyne
issued a press release, drafted and approved by Bains, announcing that
it had developed, and was offering for sale, a new set of products to
provide high-speed Internet access many times faster than certain
existing dial-up services. The press release was materially false and
misleading because Amplidyne did not have this new set of products
available for sale. Specifically, Amplidyne had not even obtained two
of the three essential components that comprised the new set of
products. Amplidyne was weeks, if not months, away from being able to
assemble, field-test, demonstrate and ship the new set of products to
customers. In addition, Amplidyne could not legally offer to sell or
even market the new set of products under Federal Communications
Commission (FCC) regulations.

The complaint alleges that after the press release was issued on Sept.
9, 1999, Amplidyne's stock price more than tripled, rising to $10.25
relative to the previous day's closing price of $3.125. Trading volume
in Amplidyne stock also increased dramatically, rising from 211,500
shares traded the day before the press release, to more than 17 million
shares traded on Sept. 10, 1999.

The Commission's complaint also alleges that Bains, during CNBC's
"Squawk Box" program on Sept. 14, 1999, falsely stated that the new set
of products had been successfully field-tested over a 50-mile distance
and that Amplidyne was ready to sell it. In reality, Amplidyne had
never field-tested the products, there was no evidence that the products
would work as Bains claimed, and Amplidyne did not have a finished set
of products ready to sell.

Simultaneously with the filing of the complaint, Amplidyne and Bains,
without admitting or denying the allegations in the complaint, consented
to the entry of a final judgment permanently enjoining both from
violating Section 10(b) of the Securities Exchange Act of 1934 and Rule
10b-5 thereunder. In addition, Bains agreed to pay a civil penalty of
$50,000.

The Commission thanks the FCC for its cooperation and assistance in this
matter. [SEC v. Amplidyne, Inc. and Devendar S. Bains, Civil Action No.
03 Civ 2425 (GEB) (D.N.J.)] (LR-18157)