To: BUDDY MOYNIHAN who wrote (1300 ) 3/13/1998 11:15:00 PM From: Tom Kinakin Read Replies (3) | Respond to of 5206
Buddy and KRTers, Firstly, I am not now, nor have I ever taken a "swipe" at Buddy Moynihan - at least intentionally or that I know of. Secondly, I gained a lot of respect for Buddy after his most recent post. Thirdly, I never said in any recent posting anywhere that KRT does or doesn't "have the goods". Somebody else's question was poorly worded. Fourthly, there is confusion about the original question posted here a day or two ago. I'll try to make a brief explanation to clear this up. I recently recommended Intrinsyc Software (ICS - VSE, $1.20) and one poster on Intrinsyc's thread said something about losing money on KRT - I quote: On Intrinsyc thread; "Don't worry some of us lurk, silently, watching. This up tick in price really ticks me off. I got in at a higher price and don't have the confidence in the company to average down. Keep watching and contributing it beats listening to guys like kinikan. I listened to his pump on KRT a few years ago and didn't get out fast enough. (once bitten....)." Was that my fault? I defended my original buy recommendation and subsequent sell recommendations and, expecting he reads this thread, asked him to check with Buddy about "taking profits off the table" and several other sell recommendations I made concerning KRT way back in 1996. I didn't talk to Buddy and prompt him. I trusted he would tell it as it was and he did. Thanks Buddy. Anyway, I think that this poster wasn't asking Buddy if KRT "has the goods", he was asking if Buddy could confirm my statements about sell recommendations. That is probably the misunderstanding. Let's end it, please. I probably am more optimistic about KRT having the goods now than I was two years ago. Let's see how KRT develops its resource. Finally, I recommended Kensington in two of my newsletters and I was never paid for my recommendation by Kensington or Excel Management. I work for my subscribers and I have never charged a public company for recommending it. After my recommendations, Excel Management contracted with me for some consulting services, purchased some reprints of my recommendation and ordered a modest number of new subscriptions - all which I charged for.I was never "in Excel's hip-pocket". I made it clear to Excel that my buy/sell recommendations would not be influenced by these "after-the-fact" transactions and Excel agreed. That is proven by my subsequent sell recommendation soon after at a price level that was unjustified by the recovery results to that date. And YES Buddy, I may well have had something to do with KRT's share price getting ahead of the real valuation of the company and for that I am sorry. The market was more "frothy" than usual at that time, wasn't it? This current debate only began when one poster felt it was I who cost him money in KRT and I asked him to check with Buddy M. That poster received several private e-mails from others quoting my sell recommendations in both newsletters (I received C/C's) after he posed his question on your thread. He didn't have the courtesy to thank the other people for setting the record straight. The best of luck with Kensington, its possible new management and all your other speculations. In today's resource markets, we need all the luck we can find. Tom Kinakin Registered Securities Advisor. PS Buddy, I sincerely hope I haven't opened a can of worms for you, KRT or myself. I thought about responding, or not, for hours before making my decision. tk