Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (24754)	11/8/2006 1:56:20 PM
From: jayt	Respond to of 37387

Crossy - Not sure if it is the guy who runs the stocklemon, but it is the name that appears on the writeups via www.seekingalpha.com. It says he is associated with the stocklemon, and if you view his articles posted there you'll see his two most recent HSOA writeups along with a few others. The thing is if you did not listen to the call reading his BS would probably make you a little concerned. Comparing their margins to Sharp's margins completely discredits the whole thing IMHO.....that's reaching. RGRDS - JT ce.seekingalpha.com

To: Crossy who wrote (24754)	11/8/2006 2:11:15 PM
From: jayt	Read Replies (2) \| Respond to of 37387

Of course I found this stuff using "the google." ************ In April 2004, the publisher of StockLemon.com told The Wall Street Journal that his name is Andrew Left, and that he's a stock trader based in Southern California. ******************** Danks' suit also seeks to strip a purported veil of anonymity from StockLemon.com's principals, as well as "the true identities of the fictitious names of the people who post." Andrew Left, the Los Angeles-based stock researcher who founded the site, finds that claim disingenuous, pointing to an on-site disclaimer accompanying items about iMergent that notes "the principles of StockLemon.com might hold a position in any of the securities profiled on the site." "I've disclosed that from Day One," said Left, who confirms he holds a "short" position on iMergent stock. "I take my personal research and put true information online on my Web log." He acknowledged posting anonymously, but said he readily identified himself to iMergent when asked. "I e-mailed Don Danks two weeks ago to confirm who I was, to tell him where to contact my lawyer so he could serve me," Left said. Left also confirmed Wednesday that he authored statements on StockLemon.com that, among other things, dismiss Danks' suit as an effort to use the courts to suppress critical commentary on iMergent. "Mr. Danks has decided to sue [StockLemon.com] for publishing what we believe to be the truth. Neither Mr. Danks or iMergent has ever contacted [StockLemon.com] to correct any statements that have been published," he wrote. "[StockLemon.com] believes that iMergent Inc. is not only attempting to deceive it potential customers through a variety of channels, but it is also trying to deceive the investment community by fostering an image of its corporate history and business model that is inconsistent with documented facts," the statement adds. Danks countered that StockLemon.com's commentary about him has been "false, misleading and . . . emotionally and financially devastating to me, my family, employees of iMergent as well as the majority of stockholders of iMergent." There is no doubt StockLemon.com's comments have been sharp. It labeled iMergent as the "worst" of the companies it has reviewed, referring to Danks as "a pathological CEO" for alleged misleading statements about his company operations. "[iMergent's] business model is a joke, the balance sheet is a joke, the management is a joke," the site says. "Unfortunately, the money lost by gullible customers is real." Danks said he intends to clear his name, insisting he has conducted his "entire professional career honestly and ethically. . . . To be personally targeted like this by StockLemon.com will not be tolerated."

To: Crossy who wrote (24754)	11/8/2006 2:15:27 PM
From: enrico99	Respond to of 37387

Crossy, This Andrew Left really exists. Here's a more recent one: October 11, 2006 California court upholds defamation-suit dismissal A California appellate court has upheld the dismissal of iMergent CEO Don Danks' $15 million defamation lawsuit against the owner of a financial news Web site that published critical reviews of Danks and his Orem e-commerce company. Andrew Left, whose Los Angeles-based Stocklemon.com site frequently takes aim at iMergent's StoresOnline Web business software and services, said Friday he was vindicated by the court's action. "I will continue to write about iMergent until they change their unethical practices," Left said. Danks, while confessing disappointment with the outcome, said he intended to "go forward" in some fashion. He has not yet decided whether to appeal to the California Supreme Court or file a new suit containing fresh allegations against Left. The appellate court's decision marked the third straight setback for the suit, originally filed in March 2005 and dismissed this past April by Los Angeles County Superior Court Judge Edward Ferns. Danks' initial appeal was dismissed July 18 on a technicality, when the appellate court found his attorneys had failed to meet deadlines for requested documents and clerk's fees. Danks' attorneys, who insisted all fees were paid and that they had not received proper notification of other problems, filed a motion for reinstatement. It was on that motion the appellate court ruled Wednesday. The court ruled proper notification had been sent to Danks' attorneys and that they had failed to meet deadlines for responding to both a default notice on a clerk's transcript fee, and for requesting a rehearing. The court, saying reinstatement of Danks' appeal would be "an extraordinary remedy" justified only by fraud, falsely based judgment or clear case mistakes, declared its original July 18 dismissal to be final. Danks accuses Stocklemon.com and Left of deliberately publishing false reports about him and his iMergent/StoresOnline business. He charges Left made $7 million by "shorting" the e-commerce software company's stock, a practice of borrowing and selling shares with the expectation of prices falling. Left has never made it a secret he shorts stock but insists his iMergent-related profits were greatly inflated by Danks; he will not, however, say how much he did make on the transactions. Beyond that, he has argued that his reports on Danks and iMergent were accurate and protected by free speech guarantees. Left's attorney, Peter Kravitz, said that he will move to force Danks pay the nearly $126,000 in attorneys' fees Ferns ordered in his earlier ruling. tmcnet.com