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Technology Stocks : IMON - Quoted from Barron's Corporate Reports -- Ignore unavailable to you. Want to Upgrade?


To: Brooks Jackson who wrote (487)1/18/1999 4:02:00 PM
From: StockDung  Read Replies (3) | Respond to of 2220
 
Liberty is IMON's paid promotion firm that has been hyping the stock to all the suckers while those people with the warrants cash in. Here is the link to the web site. Have a good laugh. This stock is up on hype and being promoted by a company that has "their best interest at heart". They have a current complaint with the sec.http://www.libertycap.com/pr/index.html

California Pro Sports which is trading at $1.20 has options set at $1.45 and higher which is above the market as well. Bear in mind that Liberty Capital has to pay for those options as well at the prices they are set at!

Posted by J. Allen Greig on July 13, 1998 at 10:42:26:
Liberty Capital Receives Coverage from Wall St. Journal Interactive

Money and Investing Section, July 19,1998 By Mrs. Carrie Lee

By: J. Allen Greig, President Liberty Capital Group, Inc.

Dear Investors,

If you have not read the story Mrs. Lee wrote about Liberty Capital, you should. It can be found in the Interactive Edition of the Wall St. Journal found on their website www.interactive.wsj.com/. We welcome Mrs. Lee to the reporting field as this was one of her first stories.

I believe Liberty Capital was chosen by Mrs. Lee because of our high profile and track record of companies which perform well and stocks which outperform most of the market. Liberty capital may possibly be the highest rated Financial Relations firm today. We thank Mrs. Lee for giving us the time to try and tell our story in such a brief time.

Mrs. Lee spent several hours on the phone with myself and we corresponded even to the point of my sending her our SOP on the web and our policy on our employees, officers and staff holding and purchasing stock in our clients (It is strictly forbidden). I'm sure there are many "PR Firms" out there that she has looked at which do not have this protocol in place. We appreciate the opportunity to explain these protocols to investors.

Liberty Capital wishes to set an example not only for other Financial Relations firms, but also hopefully, for individual posters on the web. As far as we are aware we are the first firm of our kind to post on the web as Mrs. Lee pointed out using our names and references to who we are. We have even gone so far as to begin a policy of posting disclaimers after our postings to inform investors about our stock positions and our being retained by the clients. This, we hope, will lead the pack for other Financial Relations firms to do the same. This will give all a level playing field when it comes to the web. We also pose the question: Under the securities regulations of the US currently, it is necessary to post in newsletters and other such mass media such as radio and TV to post share positions and relationships to the clients. This is a procedure Liberty Capital has endorsed and utilizes on every newsletter and or radio and TV broadcast we do. Since the Web is such a mass communications media now with the posting boards receiving millions of postings each year, even an individual posting on these boards now has the capability to communicate to millions of people and effect activity. Since this is the case, those same investors now are acting in a similar capacity to Liberty Capital and other Financial Relations firm when they post statements of supposed fact? This leads to the question, why shouldn't all investors be required to post similar statements regarding their share and or securities positions on the web when they post?

As an example of this, there are several posters such as Go Plug and Sell First who post on several boards advocating the sale of securities. It has been rumored that these individuals may actually be one and the same but due to the nature of the web they are anonymous. The person we have heard they are is a gentleman who takes out short positions or engages in discounted financings with a company also under an assumed name, then tries to force the price of the stock down to capture the spread or to gain more shares when they convert to make more profit. I understand that Mrs. Lee is a new reporter and I encourage her to investigate this as a possible crusade to open the web up to free press and free and fair information exchange.

Liberty Capital did not have to post through JoLiberty or LibertyWmn because of the anonymity of the sign up process on the chat lines. We chose to post under who we really are because we have nothing to hide. We believe in our clients and the individual companies we post on our website. We only choose companies we feel have the ability to perform over time and our track record speaks for itself.

Our current clients include Global Intellicom which our share and option position is posted on EDGAR and has been cleared by the SEC. California Pro Sports which is looking to merge with a company called Imaginon and our positions of stock have not been paid to us we have received cash to run their campaign and pay for advertising the rest of the option position still needs to be cleared by the SEC in a registration, then it will be posted on EDGAR. ThrillTime Entertainment which we receive $5,000 per month from to cover costs. All of these companies have value in place and for any investor who does their due diligence, they will find significant reasons why we had picked these companies.

Other companies we are presenting to investors and we do not have a position in such as USDI, (which was inaccurately reported that we purchased 10,000 shares and sold them at higher prices, we have never had a position of stock in USDI), Twin Star Minerals and others we do as a gesture to investors and as further proof of our stock picking ability. Remember, while every other firm and promoter out there was touting Bre-X Liberty Capital was telling investors it was a scam and even at $200 per share I put out a newsletter waring investors to do their homework! What kind of a firm would do that when they aren't being paid? A firm with integrity such as Liberty Capital, that's who.

I invite Mr. Louis Thompson of the National Investor Relations Institute to visit Liberty Capital and see how we operate. He was correct when he said that no self respecting firm would accept below market stock or options as compensation.

Liberty Capital agrees which is why all of our client contracts place the stock and or option positions at rates higher than the current market. Global Intellicom as an example the options are set at $2.75-8.75 per share. the stock is currently at $1.00 per share. Global Intellicom has to perform significantly before that option position will be worthwhile to Liberty. Remember that Liberty Capital has to pay $2.75, 3.75, 4.75, 5.75, 6.75,7.75 and 8.75 per share for this option when it exercises it. Global Intellicom will receive a large financing which benefits the shareholders and the company when they perform. California Pro Sports which is trading at $1.20 has options set at $1.45 and higher which is above the market as well. Bear in mind that Liberty Capital has to pay for those options as well at the prices they are set at!

I challenge other firms such as Corporate Relations Group, The National Investor Relations Institute and The Financial Relations Board (which has already began speaking on this topic) to join Liberty Capital in their more advanced disclosures. I further ask the Securities and Exchange Commission to begin ruling on the web processes and set down guidelines for firms such as ours which will guide not only our firms but also individual investors as they post information on the web and in other media. Ours is the only sector of Finance which is not regulated by the SEC.

Payment in stock by a public company is a legitimate and legal way to pay bills. Costs incurred from marketing and PR are legitimate expenses for a company. Liberty Capital does receive some of the payment for costs in its programs in stock from its clients. These share positions are sold as they come in and are not held. Liberty Capital believes that to hold these securities would open up rumors of manipulation and fraud and does not wish to be involved with any of those allegations.

Mrs. Lee was absolutely correct in her statement that Liberty and Digitcom were no longer working together in a client relationship. However I believe she misunderstood the actual reason behind this. The fact is that the original contract expired in May. Liberty Capital still informs shareholders who are interested in the company with any information it possesses on the company but not in a proactive manner. Liberty Capital's option position is not exercisable until the company is traded on the NASDAQ exchange and a registration must be filed with the SEC and accepted before Liberty will have access to these securities. Those securities were set at $2.00 per share which was 100% above the market when Liberty began the contract. We believe we have been as specific on this topic as possible to both the Securities authorities and to investors on the web.

I again would like to thank Mrs. Lee for her interest in our company. I would like to invite her to come and visit us as I'm sure she would like to do a follow up story on the firm to clarify her earlier statements. I would encourage all investors to seek information but to be guarded about believing every rumor posted on the net. Look to your registered investment advisor for help but make your own decisions about the information presented. Even registered reps sometimes sell securities to make commissions not because they are a wise investment.

I'm sure many of the investors on the web who have followed Liberty's picks have seen the growth there and we encourage all investors to follow our picks with their registered advisor. If we do not pick good companies, nobody should invest. My challenge to you is to find the holes in our clients! Who was it that said that criticism is our friend for it makes us stronger!

All The Best,

J. Allen Greig
President, Liberty Capital Group, Inc.

floyd




To: Brooks Jackson who wrote (487)1/18/1999 4:09:00 PM
From: StockDung  Respond to of 2220
 
libertycap.com Seems California Pro Sports is stiffing the paid promoter. Guess they will pay them when they cash in on all those warrants.

California Pro Sports Owes Liberty Capital $100,000 in cash and 233,333 shares...


...for services rendered under contract between Liberty Capital Group, Inc. and California Pro Sports, signed by California Pro Sports' management on March 3, 1998.

Liberty Capital requests an immediate arbitration of the complaint over California Pro Sports' breach of contract with Liberty.

Sincerely,

J. Allen Greig