To: Anthony@Pacific who wrote (59938 ) 3/6/1999 8:29:00 PM From: TokyoMex Read Replies (3) | Respond to of 119973
Is this you Elgindy ? Subj: RE: Anthony Elgindy aka Anthony@Pacific Date: 1/20/99 6:24:30 PM Eastern Standard Time From: xxxx@erols.com ) To: TokyoJoe@mail.com - >>My point regarding Chatfield is that they have a dubious history >and were listed in the same article as Elgindy.. > >Elgindy IMO and others I know who wre suing him >is a pretty insidious figure. xxxxxx ,who started the PNLK >pump and the absurd valuations for the company at the time of your >article, is somehow affiliated with Elgindy. based on his interactions >with Elgindy (Anthony@Pacific) and where he posts on Silicon Investor. > >Once the stock is pumped, Elgindy gets an outfit like Chatfield to do a >report to puncture the irrationally exhuberant bubble that his underling >"xxxxxxxx" pumped. Since Elgindy trades on the Instanet, >he can trade on markets like Canadian ones to short otc-bb issue shares. > >So Elgindy profits on both the pump and the dump. Chatfield is complicit, >and you just report the story based on the belief that "the company" >is repsonsible due to its attempts to market through the Stock genie >Newsletter. > >I agree at the time of your writng that PNLK wasn't a $8 stock with whatever >market cap that implied. However, I disagree that PNLK is somehow a "stinky >company". The company had to change website developers and that delayed all their >marketing and membership sign ups and efforts. > >> >> >Now back to Elgindy, if you read through the info below and other info I >copied you on, you'll see that Elgindy was formerly a sleezy mm, who lost his >registration. > >Instead of prosecution, he became a SEC informer. However, instead of doing >his job diffidently, he first trades on the inside info he receives both from >Wall Street and the SEC before noting anyone's transgressions to the SEC. > >From what I've been told, he did a show on 20/20 that was delay though >others didn't >know it. he traded on the info that was later disclose on that show that >created market activity. >Plus he also is suppose to have a very sophisticated trading system that is >interconnected with 9 or so offices so he can effectively direct market >activity through collusion and arbitrage trading. > >The thing that is most sickening and makes me the most indignant is that he >professes to be on the side of "the small investor" because of his connections to the >SEC. > >Also because of Elgindy's connections to the SEC, he acts as if he has the >impunity to say and do whatever he wants to no matter how manipulative or libelous >it is. I certainly hope this isn't true, and almost on the verge of driving down to >DC to confront John Stark on this issue. > > >