To: S. Samblis who wrote (1228 ) 1/29/2000 11:30:00 AM From: StockDung Respond to of 2664
Someone get me a tissue, I have to wipe the tear from my eye. No mention that Milionaire was served with a SEC subpoena. No mention that MLRE is now at about 2 bucks and many a investor was taken by your hype Steve. Everyone should consider the source. BTW, I was never ever short MLRE or MLREE. Your statement is slander.ragingbull.com By: StevenSamblis Reply To: 16989 by owks Friday, 28 Jan 2000 at 9:31 PM EST Post # of 17014 Message to the board. This may seem off topic, so I apologize to anyone whose time I may waste or has no interest in this post. Though I have never posted here before, I have felt the need to come on and address a bit of slamming towards me from one Bear Down. Due to this fact, I know what this company and its principals must feel like having masked posters slander them on a daily basis. I don't know the truth about this company though the judge in this case seems to side with the company. My firm worked with Millioniare.com when they first started trading a year ago. This is where I first personally felt the wrath of Bear Down and his friend Floyd. When these two felt that my client's stock was ripe for the shorting, they embarked on a smear and slander campaign. They started against Millionaire first, and when the realized they could not find anything bad about this company they attacked me personally. The only thing they could find to smear me with was a civil law suit from a magazine that I worked on two years previous. In 1995 I published one issue of a newsletter with five companies in it being profiled. Two of the five paid to be in the magazine. In the magazine disclosure the lawyer wrote "the companies may have paid to be in this magazine". He did not put the dollar amount of the payments. Yes, I was sued by the SEC in civil court and yes I settled with them 5 days after they filed the suit. I never admitted guilt in the settlement. I only agreed to make sure I would fully disclose payments received if I publish again. I have successfully published several magazines since then without ever having another problem. Bear Down and Floyd tried to spin this one issue from a job I did 5 years ago into the reason to call me a convicted felon, crim, criminal and scammer. None of which are of course true. Their constant attacks costed me many clients and opportunities. But I survived. The question is will people like Bear Down and Floyd survive through the changes is these markets. These two make money in what was once a sure thing short. They find an emerging growth company, one that looks like it's taking off, and they begin slamming it. They ask for earnings and accountings from companies that have been public only a short time and are trading on the belief of potential gain. If the company can answer what these guys ask for they then begin just calling the company a scam and a fraud. No reason, just call the company that and people will start to question enough to sell and wait and see. The problem was that the selling caused the stock to fall. When the stock fell, others would sell causing the stock to fall more. This vicious cycle feed by The Bear Downs and Floyd Schneiders became a regular occurrence that they profited from frequently. Problem for Bear and Floyd are that these boards have changed a great deal within the last couple years. There was a time when people like Bear Down and Floyd could move stocks down by attacking the people behind the companies on these boards. There and two great differences today. First, the boards have become diluted. When SI was the only board around, there was one place that everyone congregated to talk about stock. Now with RB, FreeRealtime and a host of others they don't have the audience to slam to like they did in the past. Second, very few people take these boards seriously anymore. With the law suits and victories by companies like ZSUN over Schneider, this place had become nothing more than repository for meaningless words. Call a company a scam and everyone knows you must be a short. Call it winner and you are either a company employee or a tout. There was a time, maybe when message boards first began, when people could come together and share ideas and ideals on investing. The purity of those times does not exist today and may never return. It is unfortunate that the old adage of a few bad apples is so apropos in the case of these message boards. Where can we go today, and learn about the markets? Where can we go and freely share our ideas and learn of new opportunity? Maybe the best place is face to face with friends, and maybe that's not such a bad thing after all. My Best Steven Samblis