USAT <--------------DOWN 7...CONFERENCE CALL IS A FLOP!!!!
THE FOLLOWING CAME FROM ONE OF MY MANY DUE-DILIGENCE SEEKERS AND THEY ALL ARE PROTECTED AS ANONYMOUS:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
I couldn't believe my eyes when I reviewed the management page of USA Talk.
Allen J. Portnoy. That name sure curled the hair on the back of my neck. Since 1987 I've wanted to see his face— but I thought I'd see it on a wanted poster or in a court somewhere. And there he is, face on the Internet, looking like a somewhat disheveled banker at that. Could he be the one and the same Allen J. Portnoy? I guess some guys like to slither up from under manhole covers and can't resist basking in the sun like nobody would ever remember the crap they pulled. I remember you, Allen J. Portnoy, of Digitech, circa 1987. In your bio I see you still own Spartech. You recall how you split off Digitech and pumped it and dumped it back into the ground back then?
How many other Allen J. Portnoys could there be? With that singular disclaimer, let me go on.
The Digitech story:
Digitech was once a company that manufactured telephone switches. Things didn't go so well for the stock price of this company nearing the end of 1986. Until, suddenly, a great transformation occurred.
In early 1987, the company announced that they had acquired the technology for Voice Recognition, and in fact, had a working prototype ready to go. It was supposed to cost under 2000 dollars, and recognize ten thousand words, and recognize any user, and could be installed on any PC. In less than a year, it would be sold commercially. (As soon as a few final patent details were worked out).
I bought my stock from C.L. McKinney, a now defunct broker in Los Angeles, who was one of the pump and dump market makers in this stock. C.L. McKinney brokers sold shares supported by their tout of Portnoy's integrity. I wonder how many Portnoy himself sold.
In the months following the voice recognition product announcement, the stock price quadrupled ramping up maximally, when it was finally announced that Portnoy himself would unveil the great marvel, and would demonstrate the prototype for the first time for all the eager believers at a computer show in San Francisco in May of 1987.
The stock price and volume swelled into a feeding frenzy-- from under 2 dollars in early 1987 to 8 dollars a share the weekend before the big demo in mid-May.
And for a short time it was the most actively traded stock on the Nasdaq.
Did Portnoy have the goods?
The demo went, I'm sure, as planned. And it was a complete failure. The prototype recognized, as I recall, two spoken numbers out of ten and people ran to their brokers to get out of the stock. In weeks it was back to 2 bucks a share, and eventually, became totally worthless.
I was personally victimized by this man, falling for the pitch before I new better.
Anthony, where can I get shares to short this crim and help him back under his manhole cover where he belongs?
I wish I, like you, could go down to San Diego and research this one out. I'd like to post this on the Internet, but, since I don't have the money to defend myself in a lawsuit, I guess I just have to be content in sending this stuff to you. Make with it what you can. I lost a bundle and really, never recovered. Yours sincerely, John.
I couldn't believe my eyes when I reviewed the management page of USA Talk.
Allen J. Portnoy. That name sure curled the hair on the back of my neck. Since 1987 I've wanted to see his face— but I thought I'd see it on a wanted poster or in a court somewhere. And there he is, face on the Internet, looking like a somewhat disheveled banker at that. Could he be the one and the same Allen J. Portnoy? I guess some guys like to slither up from under manhole covers and can't resist basking in the sun like nobody would ever remember the crap they pulled. I remember you, Allen J. Portnoy, of Digitech, circa 1987. In your bio I see you still own Spartech. You recall how you split off Digitech and pumped it and dumped it back into the ground back then?
How many other Allen J. Portnoys could there be? With that singular disclaimer, let me go on.
The Digitech story:
Digitech was once a company that manufactured telephone switches. Things didn't go so well for the stock price of this company nearing the end of 1986. Until, suddenly, a great transformation occurred.
In early 1987, the company announced that they had acquired the technology for Voice Recognition, and in fact, had a working prototype ready to go. It was supposed to cost under 2000 dollars, and recognize ten thousand words, and recognize any user, and could be installed on any PC. In less than a year, it would be sold commercially. (As soon as a few final patent details were worked out).
I bought my stock from C.L. McKinney, a now defunct broker in Los Angeles, who was one of the pump and dump market makers in this stock. C.L. McKinney brokers sold shares supported by their tout of Portnoy's integrity. I wonder how many Portnoy himself sold.
In the months following the voice recognition product announcement, the stock price quadrupled ramping up maximally, when it was finally announced that Portnoy himself would unveil the great marvel, and would demonstrate the prototype for the first time for all the eager believers at a computer show in San Francisco in May of 1987.
The stock price and volume swelled into a feeding frenzy-- from under 2 dollars in early 1987 to 8 dollars a share the weekend before the big demo in mid-May.
And for a short time it was the most actively traded stock on the Nasdaq.
Did Portnoy have the goods?
The demo went, I'm sure, as planned. And it was a complete failure. The prototype recognized, as I recall, two spoken numbers out of ten and people ran to their brokers to get out of the stock. In weeks it was back to 2 bucks a share, and eventually, became totally worthless.
I was personally victimized by this man, falling for the pitch before I new better.
Anthony, where can I get shares to short this crim and help him back under his manhole cover where he belongs?
I wish I, like you, could go down to San Diego and research this one out. I'd like to post this on the Internet, but, since I don't have the money to defend myself in a lawsuit, I guess I just have to be content in sending this stuff to you. Make with it what you can. I lost a bundle and really, never recovered. Yours sincerely, John.
|
