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To: Ditchdigger who wrote (23729)4/4/1999 8:41:00 AM
From: Michael E. Baldino  Respond to of 44908
 
an email from FATT MATT best explains the efforts of some on this thread lately:

Club Fatt! - geocities.com

This was send to Club Fatt! University but everyone here needs to see
this, as it concerns XNET.

Club Fatt! University is not officially started up, but I feel you all
need to know about this ASAP as many of you may be in XNET and others.

This was posted to the Yahoo! Board and I feel everyone should read it!
-----
Many of you may or may not have ever heard of a shorter.

I will tell you what they are. They are people that want the stock price
to go down. They will use whatever they have to do this. They will use
message boards, letters, etc.

Typically, they will use slanderous remarks, cursing, bashing, falso info,
and much more.

They will use comparisons like "leaning tower" fixing to fall and such.

Sometimes a Market Maker will hire people to do this. Why? Because many
times a Market Maker will have to give out shares that actually don't
exist (called borrowing)in order to keep and orderly market (their job)
and they must have the price DOWN in order to get out with their heads
still attached.

Shorts play with peoples emotions. They will hardly ever use actual
information. They will just say, "gonna drop" "its hit its peak" "you're
all screwed" or "I am here to protect you"

Yea right, like they are here to protect us. Where were they when the
stock was on its rise?

If you notice, none of the people that post bad remarks were here before
Thrusday. Like I have warned all my members, shorts would come.

Also, these guys that try to trash stocks typically will have about 15
aliases that they post under. But you would never know. Do you know why
they post on message boards such as Yahoo, Raging Bull etc? It is because
its free and in about 2 min they can have a new name to post under.

Also, they are not held accountable, as they would be if they posted on
SI. On, SI everything you post goes in your log file. You will always be
rememberd as the one who "bashed" the stock. YOu can never get a good
reputation or respect like this. SI will suspend you or elimate your
subscription for posting false info and such. And on SI, you only have 1
name, not 15.

Remember, just like people are paid to tout a stock, people are paid to
bash a stock too. This should be illegal.

Ask the shorts for INFORMATION as to why this stock should fall. You will
find they don't have any. They are just being paid for their attempts.

Go with what you know and feel, not what some idiot on Yahoo, or Raging
Bull thinks that could care less about you. They are paid to do this and
they will pull any tricks whatsoever to make you sell. It is called fear.
If they don't make the price fall, they don't get paid again.

Go with what you know is right. And remember, when your playing with
money, people are very selfish and only care about themselves, not anybody
else.

Fatt Matt from Silicon Investor
Club Fatt!
geocities.com
techstocks.com




To: Ditchdigger who wrote (23729)4/4/1999 10:02:00 AM
From: Ditchdigger  Respond to of 44908
 
Note, sales of shares from excersized options would not be reported on
a 144 and the company is not required to report form 3,4,5 electronically...
for 144's.....
"e.Limitation on amount of securities sold. Except as hereinafter provided, the amount of securities which may be sold in
reliance upon this rule shall be determined as follows:

1.Sales by affiliates. If restricted or other securities sold for the account of an affiliate of the issuer, the amount of
securities sold, together with all sales of restricted and other securities of the same class for the account of such
person within the preceding three months, shall not exceed the greater of

i.one percent of the shares or other units of the class outstanding as shown by the most recent report or
statement published by the issuer, or

ii.the average weekly reported volume of trading in such securities on all national securities exchanges and/or
reported through the automated quotation system of a registered securities association during the four
calendar weeks preceding the filing of notice required by paragraph (h), or if no such notice is required the
date of receipt of the order to execute the transaction by the broker or the date of execution of the
transaction directly with a market maker, or

iii.the average weekly volume of trading in such securities reported through the consolidated transaction
reporting system contemplated by Rule 11Aa3-1 under the Securities Exchange Act of 1934 during the
four-week period specified in subdivision (ii) of this paragraph."
......
"Notice of proposed sale. If the amount of securities to be sold in reliance upon the rule during any period of three months
exceeds 500 shares or other units or has an aggregate sale price in excess of $10,000, three copies of a notice on Form
144 shall be filed with the Commission at its principal office in Washington, D. C.; and if such securities are admitted to
trading on any national securities exchange, one copy of such notice shall also be transmitted to the principal exchange on
which such securities are so admitted. The Form 144 shall be signed by the person for whose account the securities are
to be sold and shall be transmitted for filing concurrently with either the placing with a broker of an order to execute a
sale of securities in reliance upon this rule or the execution directly with a market maker of such a sale. Neither the filing
of such notice nor the failure of the Commission to comment thereon shall be deemed to preclude the Commission from
taking any action it deems necessary or appropriate with respect to the sale of the securities referred to in such notice.
The requirements of this paragraph, however, shall not apply to securities sold for the account of any person other than
an affiliate of the issuer, provided the conditions of paragraph (k) of this rule are satisfied."
law.uc.edu