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Microcap & Penny Stocks : GIFS -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (7498)	3/23/1998 6:37:00 AM
From: Ken Todd	Respond to of 8012

Tonto, Gayle is right,there have been untrue statements about him. I have kept a fairly-close watch on the GIFS subject for over 2 years now and I can honestly say that there have been untrue statements made about Gayle Essary...unfortunately, these were made by Essary, himself. When he says he was an "innocent victim", when he says he did not write the press releases or get advance copies of them ,when he says he is not affiliated with just about every other player in the scam, etc., he is making an untrue statement. I implore him to stop making these untrue statements in person, in writing, or otherwise about himself. Also, as a journalist, he should refrain from writing untrue statements about himself; he could possibly be sued for "libel against oneself"...which is kinda like suicide, but not as final. It is obvious that he will never stop writing untruths about others! Ken Todd BTW Mr. Payne is real; I can verify this. Essary keeps alluding to his "attorney". If he has not made another untrue statement about himself, what kind of attorney did he retain when his only asset is a 1987 Ford Mustang? Is it possible he has some assets hidden away (in his wife or children's name) that he is using to retain counsel for our day in court--which he keeps promising? Ken Todd

To: tonto who wrote (7498)	3/23/1998 6:58:00 AM
From: Ken Todd	Read Replies (1) \| Respond to of 8012

Just wanted to share Tom Worley's response to Gayle Essary. IMHO, Gayle's obscenities are no match for Tom's articulate and professional manner. I ask you, which is more credible? =============================================================== Subject: Re: Going Ballistic Date: Mon, 23 Mar 1998 06:44:28 -0500 From: "Tom Worley" <stkguru@netside.net> To: "Trafalmadore" <nymg@pipeline.com> CC: "Ken Todd" <ddotnek@bellsouth.net>, "D. Tod Pauly" <Tigre@dataplusnet.com>, "William Harvey Kirby" <harvey@sunworks.com>, "Barry M. Ross" <plugnplay@gzinc.com> Gayle, I have no intention of engaging in a swearing match with you, and in any case it looks like you are better at it. I am a licensed professional in the securities industry, tho inactive. My signature block is a conscious and deliberate effort to fully satisfy all guidance from my regulators for "full disclosure", something I wish you had done before I ever heard about GIFS. I have reread my signature block, and frankly don't know where you draw any inference of "small cap" stocks, nor any concept that I make any recommendations, as neither apply or are correct. I rarely post anything public, and when I do it is typically in response to some investor asking a technical question about how the market really works, where my experience and professional knowledge allows me to comment. You are correct, if someone was slandering me on the internet, as you are in this email by implying I am doing something wrong for which I "require such a disclaimer", then I would be offended. However, I would consider both my position (which I know to be correct and in compliance with my regulators) as well as considering the source of such slander (you) and recognize your lack of professional knowledge of my industry, as well as your journalistic quality, and dismiss the slander as meaningless. If memory serves me right, Gayle, I believe you were the very first person who asked me to serve as SAC Moderator for GIFS after Ruth resigned and you temporarily took over those duties. Obviously you didn't realize at that time, and may since have regretted that request, that I am a person of integrity who takes his duties and responsibilities very seriously. I do not serve as Moderator by choice, nor by desire. I have far better things to do with my time than attempt to pursue recovery, but that is what the shareholders wish, and failing that they at least want all persons involved held accountable. I will continue working with both the shareholders and the SEC in resolving the GIFS scam. I expect in time all persons responsible will be named. If you truly travel with the angels, then you ultimately have nothing to fear from me or the SEC. And if you were a knowing and active participant, either in perpetuating the scam or in trading on inside information, then it's likely a good thing that your only asset is an '87 stang. In the latter case, I can only guess at the consequences to IRI and your position there. Gayle, your threats and obscenities have no effect on me. I am ex-military and have heard, and read, far worse. Frankly some of what has been written about GIFS to date is far more obscene. I deal in facts, and I am a good investigator, and intend to pursue my search for facts to the extent necessary. If a change in SEC procedures to prevent such internet inspired scams from continuing in the future is the ultimate requirement, I intend to pursue the political channels, including public hearings, to achieve that. It wouldn't surprise me that your name would get mentioned there along with many others. And, presumably, you would also have the chance to tell your side of the story, under oath, before Congress and the public. Should that come to pass, I would hope you would tone down the obscenities dramatically. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w =====================================================================