To: Robert Rice who wrote (10389 ) 2/25/1999 2:41:00 PM From: Binder Read Replies (1) | Respond to of 12043
Frank, may I? Robert, First of all, you story was indeed cute, and original too. I would venture so far as to say that Jim and I probably have more in common than the number of digits in our Socials and the number of chromosomes in our respective gene pools. Believe it or not, you and I seem to have something in common now too. You sense that Frank is implying that someone has done something dishonest regarding this stock. You probably feel that if he has an accusation to make, he should just come right out and make it, right? I have made almost the exact same post to another SI member on another stock. She (the other SI member) never came out with it either. There is a reason she didn't, and it is probably similar to why you will never see it done here either. The reason should be obvious to most here. You can't come online and call someone a crook unless you can prove it. To do so would be foolish, and land someone in one heck of a libel suit. Because this is the internet, we do not have access to each others trading records. The concrete proof it would take to be able to call someone a crook and get away with it does not exist until a regulatory authority (or the media) comes in and makes it public record. Probably the most evident example of this century is the OJ Simpson case. 99.9% of Americans know that man is a murderer, but because the district attorney didn't prove it, he walks. What you can do, however, is look at all of the evidence, piece by piece, and individually decide. So, in the interest of fair play (still laughing over that one) let's do just that. 1) Bender has admitted both to the thread and in PM that he sold large amounts of shares while making glowing posts on this stock. 2) Bender admits to knowing all along that many of the "customers" of Eutro are companies owned by either Floyd himself or a member of the Wilkinson family. 3) Bender admits that he owns enough of this stock to be considered an "insider" 4) Bender admits that he did not turn all of his shares in for the conversion offer, even tho he was stressing the importance of doing so to the rest of us. Those are some of the things that can be said. There is evidence to back those statements up right here on this thread. Whether or not that makes someone a crook is a different story. In the eyes of the law, he probably broke no laws. After all, it certainly is not illegal to sell a stock for a profit. (although I won't go into pump&dump, which is illegal) Nor does he have an obligation to tell any of us if he knows the customers are also the family members. He doesn't owe any of us that. There may or may not be insider trading violations, but he is the one who opened that can of worms by announcing to the thread how much stock he owns anyway. If you are going to say to people "trust me, I know these guys, heck I practically AM these guys", then you have to be willing to take some of the responsibility for being "one of the guys" when things go sour. I cannot help but wonder if his self proclaimed insider status had anything to do with WHY he didn't convert all of his shares. Did he steal? Well, monetarily, maybe he did and maybe he didn't. None of us will ever know that unless he is forced to defend himself. But, imo, he stole the trust of many people on this thread many times over. But that's just my opinion. The rest of you have to decide for yourselves. Binder