Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : LOCK (Saf-T-Lok) -- Ignore unavailable to you. Want to Upgrade?

To: Phil(bullrider) who wrote (666)	5/27/1998 6:53:00 PM
From: Tekktrader	Read Replies (3) \| Respond to of 1039

Bullrider-- I have many posts laying out why this is a terrible stock and a great short play. I'm sorry, I have not seen your prior posts. But if SI keeps my records back far enough, you'll see that I was all over this pump and dump MONTHS ago. I laid out all the evidence of this scam, and the scammers and sheep/longs on this board responded by either attacking me or burying their heads in the sand. This is an unbelievable scam, and I'll just summarize the reasons here because I'm late for dinner and very hungry. And by the way, my average sell price on LOCK is now over $5, so I'm not all that worried. As far as my other favorites go, I've done nothing but make money on Mindspring, Earthlink, Worldcom, AND Concentric. I dwell on CNCX because I believe that one has the biggest upward potential now among the telecom/ISPs. The others have pretty much settled into fair valuations, IMHO, but I think CNCX has a long way to go before it tops out. As for LOCK: 1. Reg-S offshore financings last year are hysterical. Read the SEC filings. They may as well have stamped "STOCK SCAM" on the front cover! 2. An overly-priced, inferior product that has been negatively evaluated by Smith and Wesson, Colt and other manufacturers, all of whom chose to go with another OEM strategy. 3. A "distribution" channel that consists of Arthur Braun (who is one of the offshore investors holding cheap stock!) and D&W Enterprises, a NY-based LIQUIDATION firm specializing in distressed merchandise (fitting, don't you think?) 4. Have you checked out the PR firm that backed this scam out of the gate? Notorious con artists, who also brought us SLIC! Another pump and dump, now a fitting partner for LOCK. Much negative press out there about MDC and its tout newsletter. 5. State Street Securities? Done any checking there? Woodward Trading? The bottom of the barrel, all the way around. 6. Insider sales galore by mgt and founders as the stock was pumped last year! And 7 employees! Most of whom apparently work on press releases and investor relations. Certainly not SALES. 7. NO SALES to speak of in the company's entire history. And if you think the $250k or so they booked last quarter was real, then wait to see what happens when AB's firm can;t sell any of the product and defaults on the receivable, and LOCK has to restate the quarter. Of course, by then, the stock will have long since collapsed and Arthur and the boys will be counting their money in the Caymans. Bullrider, I've done more homework on LOCK than ANYONE on this board, and I can tell you its a LOCK-cinch short. This stock is a near-zero within a year. Just my opinion.