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To: Mr. Aloha who wrote (39500)1/31/1998 7:14:00 PM
From: Pugs  Respond to of 55532
 
For the sake of Mr. Dendro who may not remember Giget posting here....its' quite a club!
____________________________________
>>>>>>>Subject: ECHARTERS
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You have 9 unread messages
To: Carol (1028 )
From: Gerald Walls Monday, Nov 3 1997 1:25PM EST
Reply # of 2336
I have no idea how to get Mr. Charters to stop talking about IPM and why
should you all care what he says, if he doesn't know what he's talking
about. As you all have stated many times...

The IPM thread is over-sensitized to negative posters, primarily due to
a professional short seller who posted false and disparaging messages
(and some just outright nonsense lines and personal attacks) under the
names of "walter anderson", "bouhaki", and most lately "gidget". He has
been removed from this site by the Web Mistress at least three times
now.

These posts appear to have been in concert with short activity by a slew
of market makers who have a reputation of being shorters and one who
appears to have quite sleazy connections according to multiple published
reports (Key West Securities), and in concert with slanted stories by a
"reporter" name Loren Steffy of Bloomberg. Steffy first stated that an
IPM lab contractor (Friendship Metals) didn't exists, then that they
didn't do that kind of work, then that they didn't work for IPM, etc.,
changing his story as each assertion was proven false.

T. Hoare, a British investment firm who did an analysis of IPM (
ipmcf.com ), basically called him a
lying @sshole in a published press release and said it would be
interesting to observe the next spout of crap that came from him (
exchange2000.com ). (Roger
Cordell verified that this was not a joke post and was actually released
by T. Hoare.)

Lew Green has posted on the IPM thread a letter he has sent to Bloomberg
and (I believe) the SEC detailing some interesting conjecture on his
part about this apparent stock manipulation and saying that they could
contact him for supporting evidence.

The first thought whenever someone comes to the thread and as their
first post there (and often anywhere on SI) says that IPM is a scam is
that it's walter/bouhaki/gidget under a new name or that it's someone
working in concert with him, especially as the last time wbg was kicked
off was just a couple of days or so before Mr. Charters started
screaming scam.

With all of this, and watching IPMCF go up an 1/8 on 200,000 shares and
down 1/2 on 15,000 accompanied by screaming naysayers, can you
understand now why everyone gets so riled?
_________________________________________
Pugs