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| Share Name | Share Symbol | Market | Stock Type |
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| Azure Hlgs | AZH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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Posted at 16/8/2006 01:37 by crosstalk JakNife, thank you for your support.I have no shareholding in this company (Azure, Room Service or any prior incarnations). I have no gripe with WH Ireland. {I was called by a broker (probably FSW Europe, Pacific Continental Securites, Ascension Securities or Halewood International) many months ago with a recommendation to buy Azure. I didn't and the price went down}. But I am concerned when two FSA regulated brokers call private investors to sell them shares and send out identical reports (Pacific Continental Securities' version does not credit the (FSW) author) that Azure's broker/NOMAD (WH Ireland) describes as "substantially inaccurate". It is not clear exactly what is being sold and in what form. The FSW version heads the report with a company name not listed by Companies House (CH), both versions mention a company described by CH as "Active - Proposal to Strike off" and ValiRx was incorporated two and a half months ago and Azure remains suspended. Both reports say "The Company is looking to reverse into a listed shell (Azure Holdings) upon completion of their fundraising" without defining who "The Company" is. Remember that the two reports have different headings "Medtech Plc" (not listed by CH) and "Valirx Plc (MEDTECH ACCELERATOR Plc)" (incorporated 1/6/2006 and "Proposal to Strike off" respectively). The recent Azure RNS says "reverse takeover by Azure Holdings of ValiRx" which I take to mean 'Azure to reverse into ValiRx' but the brokers report does not say this. It says "Company ... to reverse into (Azure...)". More confusion. WH Ireland told me I should rely on Azure's RNSs for information. |
Posted at 14/8/2006 09:04 by crosstalk The "12 page proposal document" is not that. It is an "independent analyst's report". I have the same copy of this report, in fact I have two copies from Pacific Continental Securities and FSW Europe. The Broker/NOMAD's comments were that this report was "substantially incorrect". The version shown in this thread is that sent out by Pacific Continental Securities. The other version I have was sent by FSW Europe, first published 12th June 2006, author: Anthony Hills, Senior Analyst FSW Securities. It is marked HIGHLY SPECULATIVE, carries FSW Europe banners and is titled "Medtech Plc" instead of "Valirx Plc (MEDTECH ACCELERATOR Plc)". Apart from that the two texts are identical. Recently Pacific Continental Securities and FSW Europe have both recommended a purchase of Medtech at 1p. FSW said documents would be submitted to the exchange today (for a company called ValiRx) prior to a listing probably in 2-3 weeks and that any share certificate would be in the name ValiRx. Pac Con Sec told me (7/8/2006) they were acting as principal and that MedTech would be floating on AIM within 10-14 days. The 12 page report talks of Azure Holdings, MedTech Accelerator and ValiRx. Page 2 says "The Company is looking to reverse into a listed shell (Azure Holdings) upon completion of their fundraising". I presume the "The Company" is MedTech or MedTech Accelerator. But Azure Holdings have issued RNS 3861G on 18 July 2006. This RNS talks of a reverse takeover by Azure Holdings of ValiRx, there is no mention of any MedTech. In addition I had concerns because: Med-Tech Ltd was dissolved on 21/3/2006 according to Companies House website (and may be nothing to do with Azure/Valirx) MedTech Plc is not listed on the CH website MedTech Accelerator's status is "Active - Proposal to Strike off" Azure Holdings is suspended (last price 0.3p) ValiRx was incorporated on 1/6/2006 The broker/NOMAD for Azure Holdings is W H Ireland and I have spoken to them and emailed Anthony Hill's report to them. The comment from the WHI contact was that the report was "substantially incorrect". I asked for some elaboration but this was not possibly because of confidentiality. WHI said they did not want to be associated with Anthony Hill's report and that WH Ireland and Azure Holdings had nothing to do with it. WHI advised that I should look out for RNSs issued by Azure Holdings. I have reported all of this in detail to the FSA, closing with: " [W H Ireland's] comments should cause great concern, especially since I have no way of finding out in what way FSW's report is inaccurate because [WHI] cannot tell me. Other investors could potentially be misled". |
Posted at 04/4/2006 09:18 by paulkent lolId forgotten about jaknife!...i see two years hasnt changed his incredible inability to see alternative views to his own!!!..and just for old times sake i did read back through some posts, and found that (which id forgotten) I was initially anti buying RSV because of the dilution planned, but then decided to take the risk with a small amount because of the staggering oversold position, and the prospect that they might have to buy it back at much bigger prices, as things could always go wrong re the reorganisation and D4E wot u miss completely in ur unbiased (lol) approach jak, is that it WOULD have been a very orderly market, if the mms either HADNT sold so much, or had corrected their position and bought back what they needed to at the time...the order of the market was entirely in their hands. They might have lost some money, but thats not the markets fault, only theirs. but anyway, my post above was actually mainly querying the LSE motivation in arriving at a solution (with bias so it now appears) to help the MMs out rather than allow nature to take its course and thus help the investors. Was it simply the bias of an individual within LSE, or institutional bias, or what?..im intrigued to know why, in whatever specific meeting took place, someone (coz its always a PERSON) argued for a solution that favoured the mms at the expense of investors. Id love to think the relevant minutes could be obtained...can they be forced to provide them? - actually, why would they want to hide them if nothing to hide anwyay? |
Posted at 03/4/2006 19:59 by uknighted Jaknife, an orderly market would be created through the simple laws of economics - supply and demand. Surely you don't need that explaining. Demand from retail investors pushed the price up but still the MMs continued selling. The MMs should have been obliged to fulfill these sales by buying stock at the price set by the market - ie. the laws of supply and demand and elasticity. Still you continue to be the champion of MMs - but then you are totally unbiased :-) |
Posted at 31/3/2006 09:45 by dell314 Anomolous - Regarding the RSV actions, was it ever shown that Chiddingfold was acting in cahoots with Evolution?Also, did you ever discover why the Hannover/Chiddingfol On a different topic, I think the LSE have dropped a major clanger with the rule on cash shells, as no one seems certain what deadlines apply to which shell. Even last week's Investor's Chronicle piece was poorly reserached rubbish IMHO, with several dates being wrong and only a tiny selection of listed shells getting a mention. At the very least, the LSE should have insisted that all companies facing suspension/delisting should have notified their shareholders with what deadline would apply to them. As it is, many small investors are going to have a shock, when some of their stocks are listed one day and suspended the next, with them having little more than hearsay and poorly researched media articles to rely on for their information. What a fiasco! All IMHO, DYOR etc. Rgds dell |
Posted at 07/2/2006 16:46 by anomalous 7 February 2006London Stock Exchange 10 Paternoster Square London EC4M 7LS Telephone +44 (0)20 7797 1000 www.londonstockexcha For the attention of the chairman/senior partner/compliance officer,all member firms N01/06 STOCK EXCHANGE NOTICE NOTIFICATION - SHORT SELLING 1. From time to time high profile cases of short selling and the related settlement issues arise which require the Exchange to intervene in order to ensure the integrity and fairness of its markets, and to resolve the settlement backlog that can adversely affect the ability of investors to exercise their rights of ownership, such as voting their shares. 2. The Exchange will continue to monitor such situations closely and , when necessary, take disciplinary action against any firm which knowingly or recklessly undertakes extreme short selling that undermines the quality and reputation of the Exchange's markets. 3. Member firms are reminded that they should have a clear plan for ensuring that they continue to meet their settlement obligations under the Exchange's rules, in particular the obligation to settle as dealt in accordance with rule 3701, when undertaking a short selling strategy. 4. Where member firms do encounter settlement problems as a result of substantial short selling in a particular security, they must consider whether it is appropriate to alert the Exchange in order that it can take any action (e.g. issue a market status message) that may be necessary to maintain an orderly market and protect the interests of investors. 5. The Exchange is therefore issuing the attached guidance to general conduct rule 3300 to assist member firms in meeting their obligations under the Exchange's rules. 6. Any comments or queries on this Notice should be addressed to John Newbury Trading Services, telephone +44 20 7797 1615 (STX 31615) or email jnewbury@londonstock Nick Bayley Head of Trading Services This Stock Exchange Notice will be available on the website at products/membershipt Calls to London Stock Exchange plc may be recorded to enable the Exchange to carry out its regulatory responsibilities. |
Posted at 23/8/2005 09:57 by anomalous Lawyers dismissive of 'nuisance' Room Service claimantBy Liz Chong The Times LAWYERS for Shore Capital and Halifax Share Dealing yesterday accused a private shareholder of bringing "nuisance litigation" over his losses from the short-selling scandal that engulfed the AIM-listed Room Service two years ago. Shore, a market maker for Room Service, and Halifax, its broker, are fighting the first of several claims for members of the Room Service Shareholders' Action Group. They reject claims that they breached their contracts by failing to deliver shares of Room Service to investors on time. Andrew Paul Tumber, a private investor, is seeking £1,125 from Shore and Halifax in damages at Central London County Court. He claims that he is among many investors left out of pocket after short-sellers sold more shares in Room Service than the company, since renamed Azure, had issued in the market. This created problems with settlement, prompting the London Stock Exchange (LSE) to suspend the shares, leaving many investors unable to receive the shares that they had purchased. This was then followed by a share dilution. Last year, the Financial Services Authority (FSA) levied a £500,000 fine on the stockbroker Evolution Group for distorting the market. The FSA found that the broker had sold more than 250 per cent of the company's issued share capital in anticipation of a share sale. Investors received a £150,000 settlement, at 11.2p per share, after a deal brokered by the LSE. Tiran Nersessian, a lawyer for Shore, said that Mr Tumber had bought shares in Room Service in October 2003, fully aware that the market was not in an "orderly state". Mr Tumber had discovered from chat sites that Evolution faced pressure to buy the shares that it needed and expected the price to jump, the court heard. His plans backfired when the LSE intervened. Mr Nersessian said: "Instead of simply accepting that he entered into a bad bargain, (the claimant) now seeks to bring a spurious and highly speculative action." A ruling will be delivered on September 12. |
Posted at 16/11/2004 02:10 by anomalous Investors threaten legal action Jill Treanor Tuesday November 16, 2004 The Guardian A group of disgruntled investors are threatening to bring a multimillion-pound damages claim against stock broker Evolution Beeson Gregory after they were sold shares the broker was later unable to produce. The investors bought shares in Room Service, a company listed on the Alternative Investment Market. Last week the Financial Services Authority levied a £500,000 fine on the broking firm for market distortion in connection to the events last year. The stockbroking firm sold more than 250% of the issued share capital and was unable to deliver shares to 250 investors. It has paid £150,000 to investors who lost out, but a group of 85 are fighting on. The investor group, led by former Royal Navy officer Nigel Smith, claimed its 85 members accounted for 170% of the issued share capital. Mr Smith said a high court claim for misrepresentation, breach of contract and loss of opportunity would be filed next week against Evolution Beeson Gregory. The firm said yesterday that the "vast majority" of investors affected by the so-called short selling of Room Service shares had accepted its offer. "We have received only one claim which was rejected last week by the London county court and we will continue to defend our position against future claims vigorously," a spokeswoman for Evolution Beeson Gregory said. Last week the broking firm offered to pay £780 to one of the shareholders, Philip Marin, in settlement outside the small claims court. The case was, however, thrown out by the judge and Mr Marin was ordered to pay costs of £1,000. |
Posted at 13/8/2004 11:49 by vanhalen Is the "Bashing" of a stock an essential part of the online investment landscape? Our Constitution guarantees us free speech and we have always valued the lessons gleaned from dissent. When does dissent cross over that imaginary line and become "Bashing"? To often we find well grounded dissent capriciously labeled as "Bashing" by over zealous investors bent on protecting a stocks reputation at any cost. The "Bashing" that is addressed on this site is quite different from dissent. The Anatomy of a Basher strives to look at the calculated erosion of confidence in a given stock. Erosion by means that are, in every sense, void of truth, hinged on deception and innuendo, and motivated by greed at the expense of others. This compendium is offered to aid in identifying the telltale signs of "Bashing", and hopefully provide a counter balance to this heretofore unchecked manipulation of investors fears for personal gain. IS IT EASIER TO SCARE PEOPLE INTO SELLING THAN IT IS TO SCARE PEOPLE INTO BUYING A STOCK? I have asked some knowledgeable investors this question and the answer is always: "YES, OF COURSE YES!" -------------------- WHO BASHERS PREY UPON Consider the elderly that are investing for retirement, they find their way to the message boards for validation only to see false posts about "SEC Violations" and "Class action suits"... or the head of a "typical growing family", with children to put through college, who is monitoring a message board only to read posts by a "pack of 15 to 20 Bashers" (probably 5 or 6 under various alias's) posting continuous disinformation... what do you think these new investors will do? It's safer to not buy or even sell the stock, put the money back in the bank than to deal with all this whirl wind of "unsupported" negative chaff. The Internet has lured a whole new class of investor into the market. A new investor is just that - New! This new investor, while learning the basics, is particularly vulnerable to the tactics of professional Bashers. New investors tend to lurk in the background of message boards, content to form independent opinions based on what they read with their own eyes. Very often, honest, intelligent and cautious people can easily be overcome by a well orchestrated propaganda effort. You must always remember that their is a lot of money to be made in just the motion of a stock UP or DOWN it doesn't matter! And Bashers have money at risk just as you do. But they have the edge of fear, lies, and falsehoods to post while preying on the un-initiated. The average investor dose not have the edge of organized deception. Recent revelations have indicated that even Market Makers (those charged with keeping the playing field level) have been involved in stock manipulation by Bashing on a stock message board. HAVE NO DOUBT THAT THIS IS A REAL THREAT! -------------------- Lesson 1: Remember, BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that are moving up or have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or help a Short make their bones. Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES. New startup companies always have a few bits of bad news. The Basher will post this over and over again. Unsophisticated Bashers will try to freshen up old news with a new date or by-line in an attempt to fool you. Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't Bash. They try to control the board. True longs may have to confront the Bashers or they will appear to the newbies as being the people with all the information. This is best accomplished by posting positive, well researched data on the company, repetitively, while trying hard not to engage the Bashers in direct repartee. REMEMBER - LONGS... RESIST USING THE BASHERS ALIAS! Lesson 4: BASHERS WILL LIE TO YOUR FACE. Never trust a Basher. The truth on startup companies is that they make mistakes. What new company hasn't? The Basher will compare your issue to a another companies, financials - deals - management, etc., trying to lure you into making an Apples to Oranges comparison. Remember each company is unique and while it is prudent to seek out established indicators, do so with care and don't take someone else's word for it. Strive to come up with at least a "six-pack" of indicators so your vision of the state of a company is not tied to a single barometer. Not doing so is tantamount to going to a Race Track and betting on the "Pretty Brown Horsey". BASHERS WANT TO WHISPER IN YOUR EAR - PLANT A SEED OF DOUBT, AND HOPE THAT YOU ARE NOT SAVVY ENOUGH TO RESEARCH THE TRUTH ON YOUR OWN. This is how they achieve their greatest success. DOUBT + FEAR + LAZINESS = BAIL OUT! This is your investment... work for it, protect it and don't panic on the words of very shadowy figure that "has your best interest in their heart". Consider that one factor: Someone you have never met, is not a member of your family, is now, out of the goodness of their hearts - GIVING YOU FREE ADVICE (that you didn't ask for). It's a no brainer. They have motives $$$$$$$$$$$$. Lesson 5: Bashers know YOU CAN'T VERIFY THEIR STATEMENTS. That's why they make the vague statements they do. They rely on you being to lazy to research their droppings other than to scan the board for others opinions. This is particularly dangerous when you consider that Bashers work in packs and often validate and back up each others nonsense with what appears to be "innocuous and unsolicited" verification by comrade Bashers. Let's face it, we are all conditioned to "believe" everything we see in writing. If others by virtue of their "posts" also confirm this belief, then we are subconsciously doomed to swallow the hook, line and sinker... Basher - 1 Honest Investor - 0 Lesson 6: The Bashers PLAY ON YOUR LACK OF KNOWLEDGE. They can lie about information and you won't know the difference (unless you have done your own DD on the company and know the truth and facts). Lesson 7: Bashers play on your lack of patience. You have held a stock for a while. You knew it will be a big stock someday, but the BASHER CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN. That's when the Basher is best. You are tired. You have forgotten the goal for the stock was to hold it for one year. The Basher is bothersome, so you dump it on a bad day. Some others also dump. Then you get mad for your loss and return to let everyone know how mad you are. Then you turn into a semi-Basher as well. THE BASHER HAS WON, AND GAINED A NEW ALLY - YOU! Lesson 8: BRING THE PRICE DOWN. That is the Basher's job. The truth is not important. Lies are the norm. Post continuously on the board every day. They are trying to scare the newbies that are just investigating a stock. They are trying to wear down the faithful longs on the board and gain free reign and control. A BASHER HANDBOOK: Do not underestimate a Bashers influence on a stock. The Pro's are good at what they do and what they do is profit from your losses. Below is their "hand-book". Learn from it or you will be donating your hard earned money to them! -------------------- Rules for Successful Bashing: 1. Be anonymous 2. Use 10% fact. 90% suggestion. The facts will lend credibility to your suggestions. 3. Let others help you learn about the stock. Build rapport and a support base before initiating your Bashing routine. 4. Enter w/ humor and reply to all who reply to you. 5. Use multiple ISP's, handles and aliases. 6. Use two (2) or more aliases to simulate a discussion. 7. Do not start with an all out slam of the stock. Build softly. 8. Identify your foes (Longs) and the boards "guru" Use them to your advantage. Lead them do not follow their lead. 9. Only Bash until the tide/momentum turns. Let doubt carry it the rest of the way. 10. Give the appearance of being open minded. 11. Be bold in your statements. People follow strength. 12. Write headlines in caps with catchy statements. 13. Pour it on as your position gains momentum. Not your personality. 14. Don't worry about being labeled a "Basher". Newbies won't know your history. 15. When identified put up a brief fight, then back off. Return in an hour unless your foe is a weak in reasoning powers. 16. Your goal is to limit the momentum of the run. Not to tank the company or create a plunge in the stock; be subtle and consistent. 17. Kill the dreams of profits, not the company or the stock. 18. Use questions to create critical thinking. Statements to reinforce facts. 19. DO NOT LIE, NAME CALL or USE PROFANITY. 20. Encourage people to call the company. 99% won't. They'll take your word for claims made. If they do call you can always find something that is inaccurate in how they report their findings. 21. Discourage people from believing Press Releases. Encourage them to call the company. They won't out of laziness. 22. If the companies history/PR's are negative constantly point to that. Compile a list of this data prior to beginning your efforts. 23. If the price rises blame it on the hype or the PR, temporary mass reaction, the market, etc. Anything but the stock itself. 24. If other posters share your concerns, play on that and share theirs too. 25. Always cite low volume, even when it's not. 26. Three or four aliases can dominate a board and wear down the longs. 27. Bait the Longs into personal debates putting their focus/efforts on you and not the stock or facts. Divert their attention from facts. 28. Promote other stocks that would-be investors can turn to instead of the one your Bashing. 30. Do not fall for challenges on the "values" of what you are doing, it's a game and you are playing it with your own rules. -------------------- Grade 'A' Basher: If you post lots of old news, respond to all positive posts with a negative side. Never respond to being called a Basher, never post on another board with same alias. Can spend up to 80 hours a week Bashing a stock. Grade 'B' Basher: Very good way with words, always claims to be your "friend" taking the positive poster into confidence, never posts on another board, spends about 60 hours a week. Grade 'C' Basher: Spends less time than the others but is somewhat effective and gets a C grade due to getting excited when Bashers rules say not to get excited, spends about 40 hours a week. Grade 'D' Basher: Needs to learn the basics about being convincing when making a negative statement. Spends a good amount of time working the stock, maybe 20 hours a week. Grade 'F' Basher: A complete idiot, most readers are not convinced he knows anything about stocks in general. The type that says a stock "sucks", but gives no rationale, shows up every so often but no regular schedule. -------------------- LEARN ABOUT HOW BASHERS WORK: For instance: did you know that some Bashers are paid? Golden Rule: IGNORE THEM ...learn how professional Bashers are paid: When you REPLY to Bashers you give them an opportunity to earn appox. 5-7 dollars. The service agreement they enter into with their employer states their messages will be monitored for content, profanity, lies, etc. but Overseers and the like don't have the time to check all their Bashers messages. Only occasional spot checks are done. Those who manage the Basher will generally read the headlines to see if a Basher is replying to other posters by name. That tells them the Basher isn't just "posting blindly" or repeating the same message over and over since they won't pay for those.(True to form a Basher will put the bite on anyone, even their unscrupulous employer). A Basher will attempt to milk three to five replies per post at one to two dollars each. This way the Basher spreads negative influence to as many stockholders as possible. A Basher will create this discussion thread because it takes less time reading more messages than is necessary. This ultimately allows the Basher more time to post and make money. In general, NEVER ENGAGE A BASHER. Make them read all the posts and think up ways to enter the discussion. NEVER ENGAGE A BASHER; if you do so then YOU BECOME THE BASHER,S AID! If you feel compelled to challenge a Basher do so without mentioning his/her true alias in your response. This will make it hard for the Basher to use your post as a revenue stream. Read the news, do your own homework and make your own decisions. Get real time quotes and follow the stock for a couple of weeks. Due Diligence is key here. Know that there will be a time when the stock runs up which will be followed followed by the Bashers and those that missed the boat. The Bashers will trash the stock by saying such things as "it's a Pump and Dump" and "the company is lying" and deceiving. There goal is to scare off newbies and potential new investors by "shaking" you out of your shares. Take the time to confirm your DD ,trust your own judgement and believe in yourself, pick your point of return or loss and live with it. Don't listen to hype or Bashers trust your own judgement. Live by the rules you have created . -------------------- HOW TO IDENTIFY A BASHER 1. Check the "Born on Date" Bashers create identities on a regular basis. Rarely do you find a Basher with older "Created On" date. So click on the Identity icon for more details. 2. Take the time to look at the Basher's history of Posts. Go to other boards and see if their is a pattern to the theme of the posts. Bashers rarely waste time trying to blend in with "positive" posts, unless they are cultivating a new uninformed assistant. 3. When did the Basher show up. Bashers rarely show up when activity is in at a Lull. They show up when activity up/down.. 4. Bashers never answer direct questions except with another question. 5. Bashers do work in teams (sometimes themselves as a team). So be suspicious of someone showing up and automatically having a Shadow to converse with who supports their argument. 6. Bashers always select "an argument" that can never be resolved by research. -------------------- The Basher 'Pack' Mentality Bashers love to work in packs. It provides the quintessential cover to achieve supposedly "independent" validation of an argument. It is neither independent nor validating. Pack Structure: Basher Packs can be comprised of any number of Bashers. They can be purposely formed within an organization or they can be "ad hoc" formed during a conclave on a particular board. In fact a pack mentality can be achieved by an ambitious "party of one" with a few select aliases. Once a pack is formed, a leader emerges. This leader is usually acknowledged by other Bashers because of 1. Knowledge of the stock. or 2. Recognition by current board Longs (high visibility). Once established the Leader will usually work the Pack members up in to a posting frenzy. Constantly changing themes and even occasionally biting the ear of another pack member (this earns instant credibility), and it doesn't offend the bitten Basher because he/she knows it is all part of the effect. Quite sophisticated. Packs will disband and slink away without notice. Usually this is the call of the Pack Leader who is adept at recognizing overplay. More often than not, Pack members must move on because they have other Bashing commitments to fulfill. They will return to the site of a good hunt over and over again, until hamstringing is achieved. What calls a pack together. The Cry of the Leader. Certain Bashers love to work together. They know each others bite, how to feign in and out, it is a well choreographed Bash when pack members have worked together before. They constantly check their "Sites Du Jour" for signs of Pack activity. Occasionally they will throw out a "Nibbler" Bash to see if the pack responds or if not they can work the site themselves. It's all about effectiveness, time and earning money. |
Posted at 29/2/2004 21:44 by vanhalen Interesting post i have just found on the DTC threadIs the "Bashing" of a stock an essential part of the online investment landscape? Our Constitution guarantees us free speech and we have always valued the lessons gleaned from dissent. When does dissent cross over that imaginary line and become "Bashing"? To often we find well grounded dissent capriciously labeled as "Bashing" by over zealous investors bent on protecting a stocks reputation at any cost. The "Bashing" that is addressed on this site is quite different from dissent. The Anatomy of a Basher strives to look at the calculated erosion of confidence in a given stock. Erosion by means that are, in every sense, void of truth, hinged on deception and innuendo, and motivated by greed at the expense of others. This compendium is offered to aid in identifying the telltale signs of "Bashing", and hopefully provide a counter balance to this heretofore unchecked manipulation of investors fears for personal gain. IS IT EASIER TO SCARE PEOPLE INTO SELLING THAN IT IS TO SCARE PEOPLE INTO BUYING A STOCK? I have asked some knowledgeable investors this question and the answer is always: "YES, OF COURSE YES!" -------------------- WHO BASHERS PREY UPON Consider the elderly that are investing for retirement, they find their way to the message boards for validation only to see false posts about "SEC Violations" and "Class action suits"... or the head of a "typical growing family", with children to put through college, who is monitoring a message board only to read posts by a "pack of 15 to 20 Bashers" (probably 5 or 6 under various alias's) posting continuous disinformation... what do you think these new investors will do? It's safer to not buy or even sell the stock, put the money back in the bank than to deal with all this whirl wind of "unsupported" negative chaff. The Internet has lured a whole new class of investor into the market. A new investor is just that - New! This new investor, while learning the basics, is particularly vulnerable to the tactics of professional Bashers. New investors tend to lurk in the background of message boards, content to form independent opinions based on what they read with their own eyes. Very often, honest, intelligent and cautious people can easily be overcome by a well orchestrated propaganda effort. You must always remember that their is a lot of money to be made in just the motion of a stock UP or DOWN it doesn't matter! And Bashers have money at risk just as you do. But they have the edge of fear, lies, and falsehoods to post while preying on the un-initiated. The average investor dose not have the edge of organized deception. Recent revelations have indicated that even Market Makers (those charged with keeping the playing field level) have been involved in stock manipulation by Bashing on a stock message board. HAVE NO DOUBT THAT THIS IS A REAL THREAT! -------------------- Lesson 1: Remember, BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that are moving up or have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or help a Short make their bones. Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES. New startup companies always have a few bits of bad news. The Basher will post this over and over again. Unsophisticated Bashers will try to freshen up old news with a new date or by-line in an attempt to fool you. Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't Bash. They try to control the board. True longs may have to confront the Bashers or they will appear to the newbies as being the people with all the information. This is best accomplished by posting positive, well researched data on the company, repetitively, while trying hard not to engage the Bashers in direct repartee. REMEMBER - LONGS... RESIST USING THE BASHERS ALIAS! Lesson 4: BASHERS WILL LIE TO YOUR FACE. Never trust a Basher. The truth on startup companies is that they make mistakes. What new company hasn't? The Basher will compare your issue to a another companies, financials - deals - management, etc., trying to lure you into making an Apples to Oranges comparison. Remember each company is unique and while it is prudent to seek out established indicators, do so with care and don't take someone else's word for it. Strive to come up with at least a "six-pack" of indicators so your vision of the state of a company is not tied to a single barometer. Not doing so is tantamount to going to a Race Track and betting on the "Pretty Brown Horsey". BASHERS WANT TO WHISPER IN YOUR EAR - PLANT A SEED OF DOUBT, AND HOPE THAT YOU ARE NOT SAVVY ENOUGH TO RESEARCH THE TRUTH ON YOUR OWN. This is how they achieve their greatest success. DOUBT + FEAR + LAZINESS = BAIL OUT! This is your investment... work for it, protect it and don't panic on the words of very shadowy figure that "has your best interest in their heart". Consider that one factor: Someone you have never met, is not a member of your family, is now, out of the goodness of their hearts - GIVING YOU FREE ADVICE (that you didn't ask for). It's a no brainer. They have motives $$$$$$$$$$$$. Lesson 5: Bashers know YOU CAN'T VERIFY THEIR STATEMENTS. That's why they make the vague statements they do. They rely on you being to lazy to research their droppings other than to scan the board for others opinions. This is particularly dangerous when you consider that Bashers work in packs and often validate and back up each others nonsense with what appears to be "innocuous and unsolicited" verification by comrade Bashers. Let's face it, we are all conditioned to "believe" everything we see in writing. If others by virtue of their "posts" also confirm this belief, then we are subconsciously doomed to swallow the hook, line and sinker... Basher - 1 Honest Investor - 0 Lesson 6: The Bashers PLAY ON YOUR LACK OF KNOWLEDGE. They can lie about information and you won't know the difference (unless you have done your own DD on the company and know the truth and facts). Lesson 7: Bashers play on your lack of patience. You have held a stock for a while. You knew it will be a big stock someday, but the BASHER CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN. That's when the Basher is best. You are tired. You have forgotten the goal for the stock was to hold it for one year. The Basher is bothersome, so you dump it on a bad day. Some others also dump. Then you get mad for your loss and return to let everyone know how mad you are. Then you turn into a semi-Basher as well. THE BASHER HAS WON, AND GAINED A NEW ALLY - YOU! Lesson 8: BRING THE PRICE DOWN. That is the Basher's job. The truth is not important. Lies are the norm. Post continuously on the board every day. They are trying to scare the newbies that are just investigating a stock. They are trying to wear down the faithful longs on the board and gain free reign and control. A BASHER HANDBOOK: Do not underestimate a Bashers influence on a stock. The Pro's are good at what they do and what they do is profit from your losses. Below is their "hand-book". Learn from it or you will be donating your hard earned money to them! -------------------- Rules for Successful Bashing: 1. Be anonymous 2. Use 10% fact. 90% suggestion. The facts will lend credibility to your suggestions. 3. Let others help you learn about the stock. Build rapport and a support base before initiating your Bashing routine. 4. Enter w/ humor and reply to all who reply to you. 5. Use multiple ISP's, handles and aliases. 6. Use two (2) or more aliases to simulate a discussion. 7. Do not start with an all out slam of the stock. Build softly. 8. Identify your foes (Longs) and the boards "guru" Use them to your advantage. Lead them do not follow their lead. 9. Only Bash until the tide/momentum turns. Let doubt carry it the rest of the way. 10. Give the appearance of being open minded. 11. Be bold in your statements. People follow strength. 12. Write headlines in caps with catchy statements. 13. Pour it on as your position gains momentum. Not your personality. 14. Don't worry about being labeled a "Basher". Newbies won't know your history. 15. When identified put up a brief fight, then back off. Return in an hour unless your foe is a weak in reasoning powers. 16. Your goal is to limit the momentum of the run. Not to tank the company or create a plunge in the stock; be subtle and consistent. 17. Kill the dreams of profits, not the company or the stock. 18. Use questions to create critical thinking. Statements to reinforce facts. 19. DO NOT LIE, NAME CALL or USE PROFANITY. 20. Encourage people to call the company. 99% won't. They'll take your word for claims made. If they do call you can always find something that is inaccurate in how they report their findings. 21. Discourage people from believing Press Releases. Encourage them to call the company. They won't out of laziness. 22. If the companies history/PR's are negative constantly point to that. Compile a list of this data prior to beginning your efforts. 23. If the price rises blame it on the hype or the PR, temporary mass reaction, the market, etc. Anything but the stock itself. 24. If other posters share your concerns, play on that and share theirs too. 25. Always cite low volume, even when it's not. 26. Three or four aliases can dominate a board and wear down the longs. 27. Bait the Longs into personal debates putting their focus/efforts on you and not the stock or facts. Divert their attention from facts. 28. Promote other stocks that would-be investors can turn to instead of the one your Bashing. 30. Do not fall for challenges on the "values" of what you are doing, it's a game and you are playing it with your own rules. -------------------- Grade 'A' Basher: If you post lots of old news, respond to all positive posts with a negative side. Never respond to being called a Basher, never post on another board with same alias. Can spend up to 80 hours a week Bashing a stock. Grade 'B' Basher: Very good way with words, always claims to be your "friend" taking the positive poster into confidence, never posts on another board, spends about 60 hours a week. Grade 'C' Basher: Spends less time than the others but is somewhat effective and gets a C grade due to getting excited when Bashers rules say not to get excited, spends about 40 hours a week. Grade 'D' Basher: Needs to learn the basics about being convincing when making a negative statement. Spends a good amount of time working the stock, maybe 20 hours a week. Grade 'F' Basher: A complete idiot, most readers are not convinced he knows anything about stocks in general. The type that says a stock "sucks", but gives no rationale, shows up every so often but no regular schedule. -------------------- LEARN ABOUT HOW BASHERS WORK: For instance: did you know that some Bashers are paid? Golden Rule: IGNORE THEM ...learn how professional Bashers are paid: When you REPLY to Bashers you give them an opportunity to earn appox. 5-7 dollars. The service agreement they enter into with their employer states their messages will be monitored for content, profanity, lies, etc. but Overseers and the like don't have the time to check all their Bashers messages. Only occasional spot checks are done. Those who manage the Basher will generally read the headlines to see if a Basher is replying to other posters by name. That tells them the Basher isn't just "posting blindly" or repeating the same message over and over since they won't pay for those.(True to form a Basher will put the bite on anyone, even their unscrupulous employer). A Basher will attempt to milk three to five replies per post at one to two dollars each. This way the Basher spreads negative influence to as many stockholders as possible. A Basher will create this discussion thread because it takes less time reading more messages than is necessary. This ultimately allows the Basher more time to post and make money. In general, NEVER ENGAGE A BASHER. Make them read all the posts and think up ways to enter the discussion. NEVER ENGAGE A BASHER; if you do so then YOU BECOME THE BASHER,S AID! If you feel compelled to challenge a Basher do so without mentioning his/her true alias in your response. This will make it hard for the Basher to use your post as a revenue stream. Read the news, do your own homework and make your own decisions. Get real time quotes and follow the stock for a couple of weeks. Due Diligence is key here. Know that there will be a time when the stock runs up which will be followed followed by the Bashers and those that missed the boat. The Bashers will trash the stock by saying such things as "it's a Pump and Dump" and "the company is lying" and deceiving. There goal is to scare off newbies and potential new investors by "shaking" you out of your shares. Take the time to confirm your DD ,trust your own judgement and believe in yourself, pick your point of return or loss and live with it. Don't listen to hype or Bashers trust your own judgement. Live by the rules you have created . -------------------- HOW TO IDENTIFY A BASHER 1. Check the "Born on Date" Bashers create identities on a regular basis. Rarely do you find a Basher with older "Created On" date. So click on the Identity icon for more details. 2. Take the time to look at the Basher's history of Posts. Go to other boards and see if their is a pattern to the theme of the posts. Bashers rarely waste time trying to blend in with "positive" posts, unless they are cultivating a new uninformed assistant. 3. When did the Basher show up. Bashers rarely show up when activity is in at a Lull. They show up when activity up/down.. 4. Bashers never answer direct questions except with another question. 5. Bashers do work in teams (sometimes themselves as a team). So be suspicious of someone showing up and automatically having a Shadow to converse with who supports their argument. 6. Bashers always select "an argument" that can never be resolved by research. -------------------- The Basher 'Pack' Mentality Bashers love to work in packs. It provides the quintessential cover to achieve supposedly "independent" validation of an argument. It is neither independent nor validating. Pack Structure: Basher Packs can be comprised of any number of Bashers. They can be purposely formed within an organization or they can be "ad hoc" formed during a conclave on a particular board. In fact a pack mentality can be achieved by an ambitious "party of one" with a few select aliases. Once a pack is formed, a leader emerges. This leader is usually acknowledged by other Bashers because of 1. Knowledge of the stock. or 2. Recognition by current board Longs (high visibility). Once established the Leader will usually work the Pack members up in to a posting frenzy. Constantly changing themes and even occasionally biting the ear of another pack member (this earns instant credibility), and it doesn't offend the bitten Basher because he/she knows it is all part of the effect. Quite sophisticated. Packs will disband and slink away without notice. Usually this is the call of the Pack Leader who is adept at recognizing overplay. More often than not, Pack members must move on because they have other Bashing commitments to fulfill. They will return to the site of a good hunt over and over again, until hamstringing is achieved. What calls a pack together. The Cry of the Leader. Certain Bashers love to work together. They know each others bite, how to feign in and out, it is a well choreographed Bash when pack members have worked together before. They constantly check their "Sites Du Jour" for signs of Pack activity. Occasionally they will throw out a "Nibbler" Bash to see if the pack responds or if not they can work the site themselves. It's all about effectiveness, time and earning money. < BEWARE OF THE PACK > |
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