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To: Don Pueblo who wrote (17487)1/29/1999 3:11:00 PM
From: marcos  Respond to of 26163
 
Trouble with fire is that the ashes are messy - #Subject-23794 - #reply-6514806



To: Don Pueblo who wrote (17487)1/29/1999 5:01:00 PM
From: Janice Shell  Respond to of 26163
 
This, I think, explains it all:

To: Janice Shell (1986 )
From: Jeffrey S. Mitchell
Sunday, Oct 25 1998 7:41PM ET
Reply # of 1987

Here's one that you won't find archived by Yahoo... yet (g):

FBN Associates in Complicated Battle
By John Wildo
SEDONA SUN

Sedona based FBN Associates is locked in a legal battle with the National Printers Union over the use of red dye #2 in the manufacture of FBNA stock certificates. Officials at FBN said they were "shocked and saddened upon learning carcinogenic substances were being sent to our valued shareholders."

Furthermore, explains Director of IR, Janice Shell: "certain nefarious printers have illegally shorted against certificates they have produced on behalf of FBNA." As a result, FBN is asking shareholders to burn their certificates. "Take a match to them and incinerate every last fiber" urges COO Tom C. Mailroom clerk Joseph Svejk denies the "Burn Your Certs" campaign was designed to orchestrate a short squeeze: "It's strictly a health issue. Why risk getting cancer? Besides, if you mail us back the ashes, we'll send out your replacement certs within 45 days."

FBN feels it was hoodwinked into issuing red shares to investors. "If the Burn Your Certs idea works," said FBN CEO TEDennis, "it is going to end all short selling in the western hemisphere as we know it." In short-selling, an investor makes money if a stock declines. The investor borrows shares of a stock, typically from a corrupt CEO, and sells them at the going rate. After the stock tanks, that investor repurchases the shares at the vastly lower price, returning them to the CEO so the process may begin anew.

The investor's profit is the difference between the higher price at which he or she sold the borrowed shares and the lower price at which he or she bought the replacement shares, less the kickback funneled to the CEO's offshore account. Illicit short selling rarely backfires. If the investor guesses wrong and the CEO decides to act as their own TA and/or sue to have the shares canceled, the "shorty" just runs to the SEC and gets the offending company shut down.

FBN's TEDennis claims unscrupulous printers are short-selling FBNA shares they are not even supposed to be printing in the first place. CFO Norma claims the company was tricked into printing 4.48 million of them: "They showed us that there new-fangled paper money with them big portraits and said Congress had passed a law that all forms of currency needed to be reprinted accordingly." In a complaint filed in U.S. District Court last month, FBN says it was coerced in June into giving away certs at a Diamondback-Yankee baseball game. Said employee named Kevin Watson who spoke on the condition we alter his voice: "Those bloody printers convinced us that everyone loves giveaways: bats, hats, even beanie babies. But no one told us our certs were going to be used as hot dog liners. And, worst of all, the locals fell behind 10-0 in the second inning so most of the certs ended up showering the
outfielders."

On October 2, Phoenix District Court Judge Rico Spider issued a two-paragraph ruling that VP Shell was nice enough to paraphrase for this reporter: "Printers make illegal shares. Printers go to jail for using Red Dye #2. People must burn all red certs. People in stadium ordered to return certs they throw on field. But certs cleaned up and burned so must buy back on open market."

Whether all this works as FBN plans remains to be seen. Several contributors to message boards on the Silicon Investor stock information Web site contend that FBN Associates is a fictitious company, and that its "members" are refugees from a secret government program to test the affects of chemical weapons detonated at close range. Calls to the NASD, SEC, FBI, CIA, and NATO were all answered with a "no comment".

Jeff


exchange2000.com

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