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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (342)	10/19/1998 6:04:00 PM
From: Khris Vogel	Read Replies (4) \| Respond to of 19428

At this point Bill Wexler or Mr. Pink might say something about their sources being confidential, and for all I know they may be truthful when they say that. But I'm going to come out and say I read about it, but I forget where ... That said, I would not have repeated it had it not been entirely plausible and logical to me. Believe me, Kevin, I'm not trying to flame you or anything, but this is precisely the type of thing that I have monitored against. There has been so much crap posted on these boards by A, then B, C, and D run w/ it as complete and utter gospel, not verifying if there is any truth to it. Here on the SI threads, you have people like Pink, Wexler, and Goldfinger that post ominous messages against cos., but regularly say that their sources are confidential. We have the same garbage occur on the LBOR board at Yahoo by an idiot going by the i.d. of Guaylow2, w/ all his outrageous stmts. supported by "cofidential sources", not once ever providing a shred of substantiation for any of his babblings. How convenient. Maybe I can say that Chuck Knobloch wears women's underwear during post-season games, a "confidential source" feeding me this info. Why is it such a foreign concept on these short boards to ask for substantiation? It's amazing how much of what gets passed around here as 'truth' are rumors, and rumors created on these boards. Long or short, why would somebody not want to know the real scoop, unless one doesn't wish to be bridled by facts? Even you have to admit, Khris, that that press release reeks of hype. I don't think it was hype. The co. believed that its stock was being manipulated, and to help curb this, the co. decided that a move to the NYSE was prudent. In the midst of the chaos, I believe the co. was simply trying to signal to the investment community that it indeed was taking steps to hep preserve shareholder value. Am I going to defend the headline of the PR? No, but I'm not sure that it needs defending as reasonable beings (including Reuters) tend to rely on the body of the PR rather than an unfortunate headline. Was the headline fraudulent? I'm not sure that it was, because my "sources" (don't you hate that when I do that?) tell me that the co. has cleared all the substantive hurdles prior to the release of the PR, and that the remaining steps were ones of formalities (i.e., by the time of the PR, there was reason to believe that the NYSE listing was in the bag). You want to talk "perceptions"? Again, look at the garbage that many unscrupulous shorts and manipulators were lobbing towards LBOR. That the co. took visible steps to help ease the unrest seems justified to me. You want to talk "perceptions"? Then let's see some substantiation of the charges created against LBOR. Again, Kevin, I'm only using you as an example and not as the poster boy for All That's Wrong in the World, but what kind of perception do the shorts here wish to create if they continue to perpetuate second- and third-hand rumors as you typifly in the first paragraph above? I think your efforts to link LBOR's announcement of its intent and likelihood of NYSE listing to some other cos.' announcements of being listed in the Russell 2000 index is one designed to muddy the waters. There is a world of difference between inclusion in an index and a small co. making the jump to the Big Board, and I think you know it. Kevin, I keep reading your post over and over. And the thing that keeps jumping out at me is the accusatory tone, one that makes me think that your mind is totally closed to the possibility that nothing is afoot at LBOR, that things are exactly as they portray them. Am I wrong? Maybe, but I don't think so.