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Technology Stocks : ATCO -- Breakthrough in Sound Reproduction -- Ignore unavailable to you. Want to Upgrade?


To: Savant who wrote (2000)8/13/2008 3:12:16 PM
From: croesus6bc  Respond to of 2062
 
I think that after ATCO releases one of its PRs, it's important put it in the right context. For this purpose, refer to the following from 2004(even more valid today than ever before):
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Founding chairman and legendary inventor Elwood G. "Woody" Norris has developed a reputation for hyping the company and using "pump and dump" tactics to keep investor money flowing into an unprofitable company that has lost roughly $37.5 million over the past seven years.
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ATC has also been criticized for giving a lucrative bonus and stock options to Norris's son, Mark.
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Saying "just when we thought we had run out of reasons to make fun of American Technology Corp.," TheStreet.com columnist George Mannes reported the details in his Feb. 6 edition of "The Five Dumbest Things on Wall Street This Week."
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According to Mannes, the combination of the bonus (19,000 shares of common stock) and stock options was valued at upwards of $200,000, but was not revealed to shareholders until the company issued an amended annual report.

sandiego.com
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There you have it. A dishonest company with dishonest practices run by dishonest people.

This is the only constant that will never change.

By the way, has Woody started that foundation for struggling inventors yet? LOL!



To: Savant who wrote (2000)8/18/2008 2:23:43 PM
From: deeno  Respond to of 2062
 
under a buck. time for Woody to bring in another managment team.