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No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down...

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Posted by:   bobo 5/5/2006 4:00 AM

No mainstream press has commented on the NY Post's business editor discussing his intention to use that august institution's power, money and influence to "crush" their critics.

Nor has anyone covered the NY Times' apparent de facto policy of obstructing justice by using removable media for anything a reporter might think would be targeted by law enforcement using subpoenas.

No, the NY press has been remarkably incapable of discussing its warts, preferring to concentrate on what a threat bloggers are to their status quo, or how evil the persecution by the SEC is (which is investigating allegations of a stock manipulation ring involving a few bad apple journalists and their hedge fund masters).

Why am I not surprised?

------------------

Charles Gasparino has heard that MW is going to get indicted, or at the very least, two of the senior guys there are going to go down hard.

Read his comments here.

Now, I wonder what that does to their cases - like the MW action against NFI - a frivolous (in my opinion) class action suit largely leveled to assist a hedge fund depress the value of the stock?

I could be wrong, but the fact that MW has sued most of Rocker Partners' short picks tells me that there may have been some ulterior motives there. I mean, is it impossible to believe that class actions are filed to impact the stock price? Why? These are the attorneys who were paying plaintiffs so that they could file suits - what other shenanigans were they up to, I wonder?

The cabal is slowly but surely being eaten alive by the weight of its larcenous activity....

 

Copyright ©2006 Bob O'Brien
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Comments (29)
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By virakiller on 5/5/2006 10:56 AM
Today in American Finance- May 5 ,2006
Dear Friends and Shareholders,


TAXATION WITHOUT REPRESENTATION !


Think about that all day at work as you get your ass-kicked
by the boss today.

Yesterday I dodged a bullet.

I have one boss that told me to pack up and get the hell
out. Then the other boss came to my defense and told me to
stay.

He said me respects my "commitment"
my "work-ethic"
my abilty to network

YEAH- my paperwork skills are not good. Sometimes I
play too hard with the banks. I fight too hard with them
because they MUST give my clients a "fair rate".They must
be able to afford the monthly payments.

My days are very stressful. I get attacked and yelled
at by everyone. I love my job though.

After learning about the Banking practices of PREDITORY
lending by the banks that make you believe they are fair.
This knowledge gives me "rocket fuel" daily to erupt at
them.

What I have witnessed in the last 13 years through my
"heart-attacking"struggle to get the world to see what
these "play by the rules" banks are doing to this company
Viragen[VRA] with a drug that can change the face of medicine.
Help MANY people afflicted with disease of the immune system.
like- Multiple Sclerosis
- Cancer
- Aids

I could tell you stories that would make you sick about
our banking system.

You can then help me spread the word.

September 4 ,2006

America needs you to be there.

Have a good weekend friends and shareholders
your friend,
Darren

Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By Administrator on 5/5/2006 10:58 AM
Please refrain from business solicitation on this blog. That is inappropriate, and will be deleted. Thanks for your cooperation.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By Wicked World on 5/6/2006 2:02 PM
The comments by the Post's editor sicken me. Coming from the editor makes perfect sense of what we've seen from their reporters. I already stopped spending money with them and will never spend a dime with them again. They should wither away. I tell everyone I know who is still taking the paper about the better alternatives.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By bobo on 5/6/2006 2:04 PM
Weakened: I was generalizing. It is my prerogative. Nobody would take my statements to be direct attributions to you.

This thread is not about CXN. This is the last comment allowed about CXN here - already half the thread is clogged with off-topic dross. Your comments are unchanging, and noted. Again, saying the same thing 4 or 5 times isn't necessary, nor helpful to your cause.

And I re-iterate. Test the system. All else is noise and rhetoric.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By rtway1 on 5/6/2006 5:15 PM
I still think that Gasparino is going to be guy that gets the crooks to throw their buddies under the bus. Also, has anyone noticed that when the heat gets turned up or more revelations are being made CNBC rolls out the village idiot Herbie to voice his opinion on everything from the weather to the latest jobs report. As always he makes no sense but it seems like CNBC is trying to present Herbie as a meaningful piece that makes up their crack squad of fine journalist. It even sounds like his bud Cramer is painting him as a less than accurate predictor of the markets. They also distance Gasparino from Herbie and Jimmy for fear of a confrontation.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By Jeb on 5/5/2006 11:10 AM
Milberg Weiss Files Class Action Suit against NovaStar Financial, Inc.

Business Wire; 4/13/2004

Business Editors

SAN DIEGO--(BUSINESS WIRE)--April 13, 2004

Milberg Weiss (http://www.milberg.com/cases/novastarfinancial/) today announced that a class action has been commenced in the United States District Court for the Western District of Missouri on behalf of purchasers of NovaStar Financial, Inc. ("NovaStar") (NYSE:NFI) common stock during the period between October 29, 2003 and April 8, 2004 (the "Class Period").

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss at 800/449-4900 or via e-mail at wsl@mwbhl.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.milberg.com/cases/novastarfinancial/. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint charges NovaStar and certain of its officers and directors with violations of the Securities Exchange Act of 1934. NovaStar is a specialty finance company that originates, invests in and services residential nonconforming loans. The Company offers a range of mortgage loan products to borrowers (nonconforming borrowers) that generally do not satisfy the credit, collateral, documentation or other underwriting standards prescribed by conventional mortgage lenders and loan buyers, including government-sponsored entities such as Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac). NovaStar retains interests in the nonconforming loans it originates through its mortgage securities investment portfolio. Through its servicing platform, the Company then services all of the loans it retains interests in, in order to better manage the credit performance of those loans.

The complaint alleges that during the Class Period, the Company's shares were artificially inflated, hitting a high of $67 per share, as the defendants continued to create the illusion that the number of NovaStar offices was increasing and record results would follow. Desperate to create this illusion in order to finance the Company through stock sales, defendants went so far as to overstate the actual number of offices NovaStar had and to operate offices illegally in multiple states. The true facts which were known by each of the defendants, but concealed from the investing public during the Class Period, were as follows: (a) that the Company's growth through branch office expansions was grossly overstated as these offices were illegally conducting business in Nevada and elsewhere; (b) that the Company's projected growth would be thwarted once regulators unearthed the defendants' unlawful business; (c) that the Company actually exaggerated the number of its branches in existence; for example, the Company overstated the number of its Nevada branches by 120%; and (d) that the full extent of defendants' unlawful practices are only beginning to be known, and in fact, it has just been reported that none of the Company's branches in Texas are licensed to do business.

As a result of the defendants' false statements, NovaStar stock traded at inflated levels during the Class Period, increasing to as high as $67 on March 22, 2004, whereby the Company sold more than $107 million worth of its shares to the unsuspecting public.

Plaintiff seeks to recover damages on behalf of all purchasers of NovaStar common stock during the Class Period (the "Class"). The plaintiff is represented by Milberg Weiss Bershad Hynes & Lerach LLP, who has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Milberg Weiss Bershad Hynes & Lerach LLP, a 190-lawyer firm with offices in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and Philadelphia, is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of World War II and other human rights violations, and has been responsible for more than $30 billion in aggregate recoveries. The Milberg Weiss website (http://www.milberg.com) has more information about the firm.

COPYRIGHT 2004 Business Wire
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By Jeb on 5/5/2006 11:16 AM
Class action against NovaStar survives dismissal

Kansas City Business Journal - May 12, 2005
by Stephen Roth
Staff Writer


A U.S. District Court judge on Thursday refused to dismiss a shareholder class-action lawsuit against Kansas City-based NovaStar Financial Inc.

Judge Ortrie Smith of the District of Western Missouri denied NovaStar's motion to dismiss in a court order filed Thursday.

The lawsuit, filed by New York law firm Milberg Weiss Bershad & Schulman, claims that NovaStar knowingly deceived investors by not disclosing regulatory issues at some of its affiliated mortgage brokerage offices in Nevada and Massachusetts.

The suit seeks class-action status for those investors who bought NovaStar stock between Oct. 29, 2003, and April 8, 2004. NovaStar filed its motion to dismiss the case on Jan. 14.

Lanny Davis, a lawyer representing NovaStar, said in a prepared statement Thursday that the federal court made assumptions in the plaintiffs' favor in choosing to deny the dismissal.

"But allegations and reality are entirely separate matters," he said in the statement. "We remain confident that technical licensing issues in two states do not come close to showing securities fraud, much less damage to shareholders."

In rejecting NovaStar's motion, Smith ordered a hearing on or before June 17, at which both parties will discuss possibilities for a quick settlement. Discovery, he ruled, may not begin until after that hearing.

Scores of shareholder lawsuits were filed against NovaStar after an April 12, 2004, Wall Street Journal article highlighted the company's problems with its offices in Nevada and Massachusetts. Those were consolidated last year into one lawsuit, which alleged that NovaStar never disclosed its regulatory problems in public filings.

NovaStar officials have argued that the problems were addressed and did not require disclosure because they were not a material event for the company.

NovaStar spokesman Mike Enos said that the company would issue a news release about the judge's order late Thursday. NovaStar's stock (NYSE: NFI) closed Thursday at $34.62, down 7 percent, on volume of 1.7 million shares.

The lawsuit argued that because of misleading statements from the company, NovaStar's stock traded at inflated levels, trading as high as $67 a share on March 22, 2004.

NovaStar Financial ranks No. 24 on The Business Journal's list of area public companies.

REACH STEPHEN ROTH at 816-421-5900 or sroth@bizjournals.com.


Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By rtway1 on 5/5/2006 11:55 AM
Seems like the only journalist with the gonads to be a real reporter is Charlie Gasparino. Has anybody noticed a lack of his presence on CNBC since all of these revelations and lawsuits are starting. IMO I think CNBC is afraid of what Charlie might dig up to embarras their dirty ass. You were right on Bob when you said nobody in the media is going to report squat. Where is our own Jimmy Olsen and Clark Kent wanna-be Roddy at when we need him. Hiding under his desk.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By mhelburn on 5/5/2006 12:21 PM
I keep recalling the conversation that Bob had with Patrick Byrne many moons ago, outlining how the game was being played. Bob, is there anything that is different that what you first surmised? I think that this couldn't go on without the DTCC and the SBP. You get rid of that and make the buggers deliver.. Put the likes of Milberg Weiss behind bars, bankrupt the crooked research firms and send them up the river, deplete the traders who are in the middle of it... and make the fines at least as much as the ill-gotten gains. Enforcement, disgorgement.. fines, jailtime.

It is going to happen.. not severe enough punishment and not soon enough.
No comment on Circle Group? By Weakened Warrior on 5/5/2006 1:30 PM
Hey Bobo, no comment on Circle Group? There were those who argued that you needed to look more closely at the company, that the George Foreman deal would crater, and that the CEO's latter-day conversion to the anti-NSS religion was a false one designed to cover up the company's problems. You told them that these things were irrelevant, and that all that mattered was the result of the great certificate pull experiment. It never seemed to sink in for you that you were in over your head when it came to understanding this company and its CEO.

You're fond of commenting that the explanatory power of a theory is demonstrated by the correctness of its predictions. Now that this theory is has correctly predicted the cratering of the deal, I find it rather remarkable that you haven't yet commented. Will you have the grace, I wonder, to do so? I note that in your Yahoo CXN board posts you have stopped talking about the company and are wandering on to every other company and topic except CXN. Is there some reason for that?

Inquiring minds want to know -- any comment? Or are you just going to threaten to pull my posts again . . . speaking of which, why can't all the comments be seen in the previous CXN thread?

WW

([This blog] was created so that [Bobo's] many detractors and fans can tell him that he is full of it, correct his mistakes, rant and rave, kowtow, preen, or whatever seems appropriate.)
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By taseraire on 5/5/2006 1:53 PM
Bob doesn't care about the company or the CEO. He cares about the stock being illegally traded in any fashion. The trading of the stock legally is not related to the company or the CEO. He's not going to bother to respond to you again as the first 10 times you don't seem to get it.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By Niel Storts on 5/5/2006 1:59 PM
What a surprise. One good thing, after those 2 are gone from m/w there are only 188 more to go until the true culprits are drug down. One step at a time.
Re: No comment on Circle Group? By Weakened Warrior on 5/5/2006 2:03 PM
taseraire, you're the one who doesn't get it. CXN is not on the RegSHO list. The CEO is very likely to be blowing smoke. There is no evidence that the stock is not "trading legally," other than the word of a CEO who has serious credibility issues. And as you point out, you've been told this several times. How hard is it to understand?

You guys don't sound stupid, but I don't get your attitude. You are apparently so blinded by your dedication to your "cause" that you refuse either to see reality, or to believe that others might know more about a particular situation than you do. Everybody who disagrees with you is a short or a hedgie, no one knows more than you, and only you can spend your free time doing righteous work, no one else can. And when arguments are brought up that you can't answer, you call names, pull the "short" line, block people's posts, and generally act like little bullies.

Believe me tas, you know squat about this company. Let's see how many of these promises -- D shares, certificate pull -- the company actually keeps. That is, if they are able to while being sued, as I predict they will be, by their most recent private equity investor, who has now learned that his George Foreman dreams are permanently on the back burner. (Get it? back burner? Foreman used to sell grills? I crack myself up.)

WW
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By taseraire on 5/5/2006 3:37 PM
Don't care about the company or the CEO or the stock price. My interest is not yours, which is apparently to profit on the stock, downwards I would guess. I don't care if the company goes bust and the stock goes to 0.0001.

I would like to see the results of what happens with this strategy of testing the legitimate shares issued.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By bobo on 5/5/2006 5:36 PM
Weakend: I didn't know anything about any foreman deal when I read their piece last week, and I don't particularly care about it. I know you want to make this about company fundamentals. It isn't. The CEO wrote an eloquent piece available in the library section of this blog almost a year ago, so your assertion that he is a Johnny come lately is false - that much we can verify.

As to predictions, we haven't seen the test of the system yet, have we? So we don't know if he has a valid claim to abuse, do we? Your saying he isn't on SHO is meaningless, as there is no transparency in the system, thus there could easily be many millions of extra shares with no SHO exposure.

That is why a test is a good thing.

I don't care about the company fundamentals. Try to comprehend that. I don't care.

Whether or not the company is good, fair, or terrible, they deserve to be protected under the law.

If you find that a foolish premise, we have to agree to disagree.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By Wicked World on 5/5/2006 5:40 PM
I agree with taseraire. Besides, what's the big deal with a cert pull unless you're worried about the result? I think cert pulls ought to happen regularly among stocks listed on, say, a SHO list and the SEC should be in charge of it! Similar to the IRS' auditing. The SEC should take the lead on that as so-called regulators of the markets.

CEOs of any other company should have the right to call a cert pull too. CEOs who suspect fraud and do nothing are just part of the problem. What is the big deal? If they are right then that is something that needs to be revealed and fixed. Wrongdoers need to be prosecuted and punished. If the CEO is wrong then he will be that much more less credible and whatever else you want to believe.

Those who oppose this are waving a red flag upon which is written "Please don't look under this rock because what you will find will make me look very very bad!".
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By rwesley on 5/5/2006 6:50 PM
Ties between short funds and class action law firms have been a problem for a while, and with so much information out there it seems like the SEC and Congress would have looked into this further. I bet they would have if they weren't benefiting from it in one way or another. This article written back in 2003 about Terayon Communications Co., brings out some very interesting information about a securities fraud class action suit brought against them when their stock had a fall. Good article and sounds similar to other companies.

http://sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/11/09/MNGO92TRV71.DTL
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By browntrout on 5/5/2006 8:01 PM
Weak Coward- Bash away! Why? Is someone concerned? When one of the most successful attorneys in the US takes this case on what looks like a contingency basis as the company has no money and the boards light up with non-stop bashing something is at risk of being discovered. If there was no foul play in manipulating the stock then the bashers would not be here. The disclosed short position is minute. Why the constant bashing? What will O'Quinn find? What does he know already? Why is he here? Tic tock, tic tock, tic tock, tic tock,............
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By InTheKnow on 5/6/2006 3:23 AM
Weakened Warrior you are truly weakened!

'Ever hear of ex-clearing? You know damn well. You are a true basher!
ok Bobo (& others) By WeakenedWarrior on 5/6/2006 3:31 AM
Bobo, you say: >>The CEO wrote an eloquent piece available in the library section of this blog almost a year ago, so your assertion that he is a Johnny come lately is false - that much we can verify.<<

I already responded to that, pointing out that the article says nothing about NAKED short selling, fails to deliver, or any other such, just short selling. Did you read his article? So you are, in fact, wrong about this, not that I expect you to admit it.

WickedWorld: >>Besides, what's the big deal with a cert pull unless you're worried about the result?<< The big deal is that shareholders are being asked to accept non-tradable "D-shares" as part of the swap, that supposedly represent 10% of future income from certain revenue streams of the company. (Oh, you didn't know that? Huh.) Further, the D-shares "dissolve" if the underlying shares are ever sold. That constitutes an impairment of the value of the original shares. THAT is the big deal. It is important to understand the details of what's going on, rather than just making assertions about things based on superficial understandings.

browntrout: >>When one of the most successful attorneys in the US takes this case on what looks like a contingency basis as the company has no money and the boards light up with non-stop bashing something is at risk of being discovered.<<

This company has been "bashed", or criticized, as I would put it, for years now. The questioning of the activities of this company and its CEO did not start when the CEO started throwing around accusations of naked short selling. You Johnny-come-latelies need to understand that the company, and its detractors, actually existed before you came on the scene. Difficult, I know, but try. There are many questions surrounding this company, and you need to try to open your mind to the possibility that the CEO's allegations of naked short selling might be without merit -- and that he is doing something (the "D-share" issuance) that will actually hurt his shareholders.

WW
ex-clearing By Weakened Warrior on 5/6/2006 4:36 AM
>>'Ever hear of ex-clearing? You know damn well. You are a true basher! <<

Do you have any evidence that there is naked short selling of CXN going on ex-clearing? I thought not. But assert away . . . you'll fit right in here.

WW
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By troydian on 5/6/2006 6:14 AM
WW, are you tony ryals?
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By Niel Storts on 5/6/2006 7:59 AM
I beginning to think about buying a dab of that CXN on a whim. I would demand that there are certs delivered, of course.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By InTheKnow on 5/6/2006 8:05 AM
troydian:
Don't insult the Weakened Warrior! Loser he is... pyscho he is not!
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By bobo on 5/6/2006 8:16 AM
Weakened: The article is about abusive short selling coupled with stock manipulation. Note that I never said in my comment that it was about NAKED SHORT SELLING. I would propose to you that posting four or five of the twenty comments on this thread, all attacking the CEO and becoming increasingly insulting is not what this blog is intended for. Additionally, I understand that you want to determine the topic of every thread, rather than me - this blog is about MW, and the lack of press coverage of the SABEW comments. You want to make it about CXN, and your sentiment about the company and CEO - fair warning - hijacking the thread won't be tolerated, and this is the last post on this thread I will allow on this off-topic tangent of yours.

I think we all understand your position: The CEO of CXN is a crook, the company a POS, and this is all a distraction.

Fine. Thanks for the input. Noted.

As to the D-share dissolving, is there anything to stop the company from getting those shares a CUSIP down the road and allowing them to trade, rather than dissolve? No? OK, so don't go on and on about how the CEO is impairing the trading of the shares - you have no idea what, if any, plan there is to go forward after this test of the system. Thus, these complaints are at best premature, and at worst red herrings.

I still say test the system, and stop whining about it. You keep demanding proof that there is naked short selling in the stock. There is no way to prove that unless you test the system. You are simultaneously demaning proof, and then arguing against obtaining that proof.

So again. We understand that you feel the company is run by crooks, and that this is all some publicity stunt. So far it is a miserably failed stunt, I think we would all agree. Kindly refrain from posting again and again and again the same sentiment, and demand for proof - we all got it around the second or third time.

We get your point - CEO crook, Company sham, etc. Now kindly get ours - test the system, and do it sooner rather than later.

Now stop the Yahoo style thread clogging and hijacking of the thread. Or I will be forced to start deleting posts - again, the last 3 didn't say anything the first one didn't, thus they are not accretive in informational value, and only serve to clog - and most tellingly, they are off topic for this thread, which again, for those too dim to get it from the headline and body copy, is about the lack of press coverage on SABEW, and MW potential indictment.
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By InTheKnow on 5/6/2006 8:39 AM
So here we have it so far....

A. Hedge fund front running.
B. Hedge Funds dictating the analytical report.
C. Journalists trashing the company.
D. Lawyers initiating class actions suits at the behest of paid-off investors.

What's next?
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By ginger on 5/6/2006 9:36 AM
What next? ...this:

No Coverage Of NY Post "We Will Crush You"
Re: No Coverage Of NY Post "We Will Crush You" Comments; Gasparino Hears Milberg Going Down... By Jeremiah 9:24 on 5/6/2006 11:38 AM
The thing to remember is that the NY Post and its allies really are dinosaurs, dying a slow and painful death that everyone knows is coming--though they will surely be on life support for a long time. They say they will "crush" the bloggers, etc., but they just don't have the ability to do that any more. Shut one down and there will be ten more, making noise about the one that was 'crushed' and spreading the original message even further.

The old media can still cause problems in the short term to a small number of people, such as with respect to that Page Six reporter who got busted for attempted extortion against some California billionaire. (And, the NY financial press and their TV co-conspirators will continue to prostitute themselves for their hedge fund / wall street masters for whatever scraps may be handed out, continuing to damage shareholders of manipulated companies until the wheels of justice catch up with them--which WILL happen, as we see with respect to certain dirty class action firms and individual lawyers.)

However, with the Internet and other "alternative" media, every time these old media has-beens tell a lie, misrepresent a fact, hide the truth or otherwise attack anyone, those who care about the victim or the issue can and usually do get the truth out within moments or hours at the most. Each new lie, obfuscation, etc., further diminishes the old media's almost non-existent credibility. [As an aside, we should see the acceleration of this regarding government regulators like the hapless SEC -- each time they try to cloud the illegal shorting / manipulation issue, they are shown to be ever more foolish or ineffectual or corrupt, or some combination thereof.]

There are literally millions more of us than there are of them. Collectively, they don't have more money, lawyers, or "ink" (for us it may be 'bytes') that we, and an army of ants can eat an elephant given time. So let that idiot try to 'crush' his critics. He will not succeed.

bobo By Weakened Warrior on 5/6/2006 1:00 PM
Bobo,

I trust you'll permit this remark: let me distance myself from your repeated misrepresentations of my remarks. For instance, you described me as saying "The CEO of CXN is a crook, the company a POS, and this is all a distraction." I have not said and do not say the CEO is a crook or the company is a POS, and I don't appreciate you characterizing my statements as such. I say his and the company's actions have invited a great deal of criticism and scrutiny, of which you seem to be blissfully unaware, and that you should be scrutinizing them yourself, which you refuse to do. So don't put libelous words that I do not intend in my mouth. Instead, read the history of the company and draw a conclusion about the credibility of the CEO.

If after review of this company's history, which perhaps someday you'll get around to, you don't think there is reason to question what's been going on there, and whether this company truly believes that naked shorting has hurt them or whether it's just a smokescreen, fine. But failing to even look at the evidence is exactly what you accuse your detractors of doing -- isn't it?

That's it from me. Have fun.

WW

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