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Non-Tech : The SJI Group, Inc. (SJIG) -- Ignore unavailable to you. Want to Upgrade?


To: Francois Goelo who wrote (38)1/15/1999 11:10:00 AM
From: semi-recumbent  Read Replies (1) | Respond to of 217
 
Re SJIG holdings in SLEU - The following doesn't prove it but at least supports the possibility:

Business Editors KNOXVILLE, Tenn.--(BUSINESS WIRE)--Sept. 9, 1998--SJI Group, Inc. (OTC Bulletin Board: SJIG), one of the country's leading distributors of premium cigars, today reported on updates made to its business plan following the recent sale of its Maverick Communications subsidiary. In particular, the Company noted that the recent sale of Maverick in exchange for 1,500,000 million restricted common shares and 1,000,000 preferred shares of Isleuth.com has both added considerable value to it's asset base and allowed the Company to more fully devote its resources to the growth of its premium cigar business.

"With Isleuth.com common stock trading currently at over $8.00 per share," noted J.D. Jenkins, Chairman and CEO of SJI Group, "we have significantly enhanced shareholder value in SJI Group."

Mr. Jenkins also noted that following the sale of Maverick, management updated the Company's business plan to reflect its ability to focus more of its resources on the growth of it's premium cigar wholesale distribution business, particularly through its Modular Walk-in Humidor program. Mr. Jenkins reported that at a recently held beverage retailers convention, it received strong indications of interest for the units from retailers. ...."



To: Francois Goelo who wrote (38)1/15/1999 7:19:00 PM
From: Bob Davis  Read Replies (1) | Respond to of 217
 
Francois,

Regarding your comment that, "I suggest you call him and ask him to confirm what I have reported, so that, if he lied, we have independent confirmation of it. I am just as interested as you are to get to the bottom of this matter."

I sense that you are making this comment in good faith. However, I have no interest whatsoever in any type of conversation with this gentleman. SJIG is a non-reporting Company, and as a result, the only information that would be deemed public is that contained in its press releases. In fact, it could be interpreted that you now possess inside information and have just traded on the basis of such information.

In fact, if you publish inside information, and someone else trades on the basis of this information, you can be held liable for his trade, and can be subject to prosecution by the SEC. About a year ago, I wrote about this in The Napeague Letter; go to napeague.com, click on "Feature Articles", and then on "Insider Trading".

Now, just to add to your concerns, "if he lied" and if you have published his "lies", then you can be whacked by the SEC for violating Rule 10b-5. "Employment of Manipulative and Deceptive Devices" of the Securities Exchange Act of 1934.

Now, I don't want to scare you - it is very unlikely that you would be discussing these issues with the SEC. But I can assure you that, since I am an Internet newsletter publisher, the SEC is more interested in my activities. In fact, the statistics page for the TNL web site contains "453 | gov.sec", which means that the SEC has visited 453 pages on the web site in the last year and a half.

Net-net...I don't want to talk to him until his company begins making full public disclosure by filing financial reports with the SEC. Reportedly, the food is not very good in the SEC jails.

Bob Davis
The Napeague Letter
napeague.com