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listener

Re: MaryKateAustin post# 26682

Wednesday, 04/05/2006 10:29:38 AM

Wednesday, April 05, 2006 10:29:38 AM

Post# of 353138
Stocklemon may have just posted it's last BS newsletter/spam mail whatever.

He picked the wrong company to go after imo.

Did you see the STTK video & today's news release.
Stocklemon doesn't dare address the truth.

Stocklemon has been sued for libel. Read today's news, watch the presentation before Chinese dignitaries.

This Stocklemoon has u know what stuck up his butt. 'hope is short position gets crushed for libelous yappn'.

Is StockLemon.com a lemon?
The ongoing debate on the definition of journalism inspired by Apple Computer’s lawsuit against at least three web publications continues in other less publicized avenues. StockLemon.com is no Fortune magazine but a lawsuit it now faces could affect the course of the emerging world of digital journalism. Embattled Internet business company, iMergent, is suing StockLemon.com, a web site which claims to expose lemons on the OTC market, for a drumbeat of criticism the site has heaped on it. The $15-million suit filed in Los Angeles Superior Court claims that the false, misleading,and damaging criticism amounts to libel and has significantly damaged the reputation of iMergent chief executive Don Danks. According to the Salt Lake Tribune, Mr. Danks' attorney believes the suit also serves as a "test case to disclose the fact that certain web sites that profess to be consumer watchdog sites are really sites who manipulate the stock price of a given stock.” The attorney, Barry Rothman, contended that StockLemon.com stands to make “substantial profits when stock prices fall as a result of the false and negative information having been published.” StockLemon.com’s “reporters” use fictitious names. The iMergent suit comes on the heels of a slew of class-action lawsuits filed against it in U.S. District Court. The suits, which allege securities fraud and false statements to investors meant to inflate stock prices, seek damages for iMergent shareholders, whose stock lost more than half its value in a three-week period ending March 1. Andrew Left, the Los Angeles-based stock researcher who founded the site, called iMergent’s claim disingenuous, pointing to an on-site disclaimer accompanying items about iMergent that notes “the principles (sic) of StockLemon.com might hold a position in any of the securities profiled on the site.” “I've disclosed that from Day One," Mr. Left, who confirms he holds a “short” position on iMergent stock, said to the paper. “I take my personal research and put true information online on my web log.” He acknowledged posting anonymously, but said he readily identified himself to iMergent when asked. “I e-mailed Don Danks two weeks ago to confirm who I was, to tell him where to contact my lawyer so he could serve me,” Mr. Left said.

TechSpin is Red Herring’s take on today’s headlines.

GTX Global Files $50 Million Suit Against stocklemon
LAS VEGAS, Nov. 22 /PRNewswire-FirstCall/ -- GTX Global Corporation (GTXC) (OTC: GTXC.PK), a leading provider of innovative IP multimedia technologies that enable profitable IP communications announced today that it has filed suit against Mr. Andrew Left and others associated with the company stocklemon. The lawsuit alleges Trade Libel, Interference with Prospective Economic Advantage, Violations of the California Corporations Code, and of 15 U.S.C. 101, et seq., and Conspiracy. The suit seeks monetary damages in excess of $50 Million and a permanent injunction against the defendants. The lawsuit was filed in the Superior Court for the State of California in Los Angeles County by the Law Offices of Barry K. Rothman, counsel to GTX Global. Mr. Left is a resident of Los Angeles, and GTX Global believes stocklemon operates out of that city.

By BEN SILVERMAN
--------------------------------------------------------------------------------

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January 19, 2004 --
DotcomScoop.com

IN the Wild West of the over-the-counter stock market, there is one question about the mysterious man behind StockLemon.com that needs to be answered: Does he wear a black hat or a white hat?

"He takes advantage of little investors and reports things that are blatantly not true," Angelo Tullo, the chief executive of YP.Net, told The Post. "We're hunting him down."

YP.Net may have good reason to hunt down the man simply known as StockLemon Guy.

After StockLemon published a Jan. 8 report on the Mesa, Ariz., online yellow pages provider, its stock plunged more than 30 percent on 20 times the average volume - just a day after its shares had closed at an all-time high.

YP.Net promptly issued a press release, saying it suspected that StockLemon may have profited from the drop and claimed the Web site's report on it was false.

A day later, YP.Net filed a lawsuit in the U.S. District Court for the District of Arizona against StockLemon.com, alleging that the Internet publication "wantonly published false and defamatory statements about the company."

StockLemon Guy refutes the allegations and says that, although he published a "mea culpa" that corrected some information, he stands by his report.


"StockLemon is a good service because it's the only thing that gives [the OTC market] balance," said StockLemon Guy, who refused to identify himself. "These companies can say anything they want, and we have to take it as it is [because there's no oversight on the OTC]."

StockLemon Guy positions himself as a combination of a savvy investor and a watchdog. He makes no bones about the fact that he profits from his reports, which almost always sink virtually unknown, thinly traded stocks.

About 40 companies have felt the sting of his reports, and more than once it has been suggested that StockLemon Guy is in cahoots with hedge funds looking for short opportunities.

"That's the craziest thing I've ever heard - [that] it's a grand conspiracy. What hedge fund is going to short a $2 stock? I strongly deny [that I have association with hedge funds]," StockLemon Guy said.

Asked to identify himself, StockLemon Guy, who claims to have about 2,000 newsletter readers, refused to do so. He told The Post that he's a stay-at-home dad who lives on the West Coast and worries about his family's safety.

Trying to glean his identity in traditional ways is a lost cause. Legal action may be the only way to track him down.

"I kind of make myself open to lawsuits," he said. "I don't necessarily try to hide who I am. It's just important to keep the focus on the message, not the messenger. But you can find me if you sue me."

That's just what YP.Net is doing. And it may be up to a judge or jury to decide whether StockLemon Guy is a short-selling manipulator or a savvy businessman out to protect individual investors.

http://www.nypost.com/business/16070.htm



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