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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: whiskeyjack who wrote (10713)12/19/1998 6:32:00 PM
From: Dave M  Read Replies (1) | Respond to of 26850
 
Found the following info on libel suite over statements made on the internet. Just a reminder for all to be careful, IMO, nothing stated is a recommendation to buy or sell or in anyway relevant to anything, use at your own discretion.

"AMERICAN ECO CORPORATION announced today that it had been awarded US$500,000 in punitive damages and US$75,000 in direct damages in its lawsuit against an individual who hid behind an Internet posting alias as ''PMKK1''. The judgment in favor of American Eco was for libel and slander through false Web and bulletin board postings about the Company and its executives. American Eco claimed that the falsehoods circulated on the Internet had damaged its reputation with the investment community and caused investors to short its publicly traded shares by creating doubt about statements made by American Eco management.

In addition, Mr. David Norris, former CFO of American Eco, was awarded $5.0 million in punitive and $2.75 million in direct damages in the same lawsuit against the individual operating under the alias of ''PMKK1'', for untrue allegations concerning Mr. Norris' executive history, which were posted on the Internet, resulting in his suspension from his position"

Dave M



To: whiskeyjack who wrote (10713)12/19/1998 8:12:00 PM
From: wayne cath  Read Replies (2) | Respond to of 26850
 
<<<<<<<<games and losing credibility with the shareholders that got them this far.>>>>>>>>>>>>

Sorry ,whiskeyjack........I must disagree with you on this point...

We, as shareholders, would sell this company out in a New York minute if the profit is to our liking ......some traders are in and out over the course of hours.....no problem....its part of the action.............accordingly ,however....I believe the company owes us jack!!!!............These guys are living their lives here.....the rest of us are just passing by .....
If you like the story......if the company follows the laws and rules of the exchange (there are a few ,aren't there?)......if you think you can turn a buck ........jump in.....if not jump out.........Easy huh?

best regards
wayne



To: whiskeyjack who wrote (10713)12/19/1998 10:52:00 PM
From: Rick the Vet  Respond to of 26850
 
Whiskey-- Can't says I like the dilution myself and it does smell a bit fishy. I don't think most of the insiders had a choice in terms of selling their shares to buy Paper. I don't think any bank in their right mind would take them as collateral and I bet most of these fellas can't exactly write a check for that kind of money. Remember that just because they have big "titles" in the company doesn't necessarily mean they never eat at Micky D's.