David,
Is your head firmly "planted in the sand"? , I suppose dialogue is pointless, All the best, Pugs
___________________________________________________________
>>>>>>
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The Short Report (Part I)
First, I will begin with the cast of characters.
David Schechter
Mr. Schechter is possibly the manager of a "hedge fund" and a Vice
President at HC Wainwright an otherwise respected Boston based brokerage
house and IPM market maker. He is a pivotal figure in these short
attacks, one I hope Mr. Lampins at the SEC should definitely look into.
Mr. Schechter posted anonymously here on SI as "Hedgy1"... His e-mail
address was: hedgy1@aol.com. I have solid evidence of this, and easily
can back this up upon request.
Mr. Schechter it appears has a very close relationship with two
Bloombergreporters, Loren Steffy, and Roger Madoff. Both have done
negative articles on companies/targets Hedgy1 has attacked on Silicon
Investor such as IPM,IAIC and UltraFem.
Mr. Schechter, posting as Hedgy1, sent numerous e-mails to on-line
investors of these companies, urging them to dump their shares as
quickly as possible (just the way ECharters is currently doing here in
his last post to me). Mr. Schechter would lie about his background, and
claim to be a private investor, not a broker. In June, Mr. Schechter
contacted Cindy Lou Miltimore, right after her breakup with Frank
Stauffer (who posted as "CL" here on SI) and immediately insisted and
arranged for her to speak with Loren Steffy. He also called her
regularly urging her to mail him copies of memos Ms. Miltimore had
retrieved from Mr. Stauffer's trash. He even offered to pay for her time
to make him copies. There's a lot more, but this will serve for an
introduction.
Loren Steffy
Bloomberg News
Dallas, TX
phone 972XXXXX
fax 972XXXXX
head office/news desk: 800 XXXXXX
Mr. Steffy is familiar to many here. The inaccuracies, misstatements,
misquotes, & repeated errors and omissions of his articles tell quite a
story as does his repeated refusal to travel to Phoenix actually meet
the executives and scientists, and see the technology behind IPM. Mr.
Steffy published a wild story of Stan Wardle's impressive "Friendship"
lab in Las Vegas not existing, despite a source tells me, his being
previously told by Barnard Guenara, President of BD, that his people had
been there, and it existed. He persisted with the story anyway,
coincidentally after a nearly month long prelude of posters on SI, such
as David Findley (who lives near Mr. Steffy in Texas) creating FM frenzy
here on SI. But perhaps the most telling story Mr. Steffy tells, is in
his own words to Ms. Miltimore. I have just received an affidavit from
her, where she attests that Mr. Steffy at lunch with her on August 20,
1997, said to her that _they_ really wanted to "nail or get IPM..."
Roger Madoff
Another Bloomberg reporter, who on a conference call with a concerned
shareholder and his broker, admitted he speaks often with Mr. chechter.
He also happens to write apparently negative articles for stocks Mr.
Schechter is short. Mr. Madoff and his editor at Bloomberg, also deems
blatantly manipulative short "sell" recommendations from highly suspect
brokerage "Key West" worthy of feeding on Bloomberg, cloaking the
unusual and alarmist wording of the "recommendations" verbatim and
without disclaimer, in effect giving them the aura of a journalism.
Key West Securities, Inc.
I won't bother with the addresses, these people seem to move around and
avoid answering questions like crazy. Perhaps the SEC can pin them down.
This "brokerage" comes out with short "sell" recommendations on targets
of Mr. Schechter, at convenient times, which are instantly elevated to
International attention by being carried on Bloomberg. Key West seems a
shaky, peripheral and inconsequential player in the financial markets to
receive such treatment, and seems to be obviously carrying out a
deceptive agenda. Despite dozens of requests, no shareholder has yet to
receive a copy of their "research report" on IPM, and many have doubts
it ever existed at the time Bloomberg ran this "story".
Key West worded the press released summaries of their sell
recommendations on JYRA, with amateurish, wild accusations citing no
evidence or fact, but full of alarmist terms such as: "trickery" "Bogus"
"apparent Internet fraud running rampant". I wonder if this report
quoted by Bloomberg ever existed at the time of that article either? I
wonder if publicizing false or nonexistent reports, as well as Mr.
Schechter/Hedgy1's behavior in cahoots with Walter Anderson/Key West and
certain individuals at Bloomberg constitutes Internet fraud running
rampant?
Fiero Bros (FSCO), Fahnestock (FAHN)
Nasdaq level 2 market makers, and notorious "short" houses.
HC Wainwright (WAIN)
Nasday level 2 market maker for IPM. A mature, well-respected Boston
Based investment and brokerage firm, not known as a "short house".
Frank Stauffer
Electrician, part-time stock promoter, long-time/long-term IPM
investor,part-time prospector. Mr. Stauffer posted on SI under the
moniker "CL Miltimore" inspired by his relationship at that time.
Details around this have been covered here on SI previously. Mr.
Stauffer is a colorful character, who IMO never hid the fact that he
promoted stocks in conversations with myself and other investors I've
spoken to. I vividly recall his SI quote "I'm just an old
stock-picker"... It has been my personal experience that Mr. Miltimore
only touted companies he researched and sincerely believed stood
reasonable chances of achieving success. I believe he became nterested
in the "desert dirts" due to his personal experience with
electrochemistry and plating technology and subsequently caught the
prospecting bug. Mr. Stauffer agreed with some other investors that a
heap-leaching type "revolution" in mining was approaching and
subsequently a desert dirt "land rush". Putting his money where his
mouth and thoughts were put together research and resources, and struck
out prospecting in the Southwest earlier this year.
Cindy Lou Miltimore
Mr. Stauffers former companion, who had an intimate relationship with
Mr.Stauffer for several years.
There is a lot of material to compile, condense, and it is a challenge
to present it in a logical and coherent fashion. I am going to stop here
for part one, but leave everyone with one link of an interesting bit of
evidence about Hedgy1 and his precognition of Bloomberg news items on
stocks he shorts:
techstocks.com vestor/s-10157/reply-27
More to come...
Lew Green |
