A couple of mullets have been posting on Snackman's old WAVX board, citing security breaches and touting Wave solutions to fix the problems. Has been going on for months.
Msg. 00158 of 00160 (This msg. is a reply to
00157 by
Atticus Finch)
Jump:
I've been wondering the same thing. Something happened a few months before the bottom fell out on the stock and a bunch of us just got tossed from the board. I can only assume that those who had the most to lose bitched incredibly loud and long to Bob who just pulled the plug on a whole large contingent of the most vocal who got under the skin of those who stood to lose the most, or who were in the midst of fleecing the sheep as the ship went down.
Mymoneybgone
- - - - - The above is a reply to the following message:
Thinking of the old guard
By: Atticus Finch in
JC Fri, 29 Dec 17 9:17 PM
I enjoyed your posts over the years. I wish you well in whatever endeavors and adventures come your way.
I see that the requisite 'cooling off period' has expired on IDB and now Snackman is pumping a new stock. And the World Turns.
Best regards
ignatius
Msg. 00154 of 00160 (This msg. is a reply to
00153 by
micro)
Jump:
I enjoyed your posts over the years. I wish you well in whatever endeavors and adventures come your way.
I see that the requisite 'cooling off period' has expired on IDB and now Snackman is pumping a new stock. And the World Turns.
Best regards
ignatius
Ignatius
You make some valid and as usual, salient points!
It has been a pleasure over these years to read your perspectives.
NXT, same for you. Nobody is going to agree all the time on everything all the time so we will agree to disagree on that one thing and have agreed on a thousand others. Pretty good average I would say.
Jose, thanks for the board all these years. My best wishes to you.
It is time to say farewell to wave for me. I will encourage those on the IDB forum to pursue the pump group from time to time.
But as far as Wave goes, it has finished its course just as most of us here said it would end in a death spiral, Well, it did and it is done.
Ignatius
You make some valid and as usual, salient points!
It has been a pleasure over these years to read your perspectives.
NXT, same for you. Nobody is going to agree all the time on everything all the time so we will agree to disagree on that one thing and have agreed on a thousand others. Pretty good average I would say.
Jose, thanks for the board all these years. My best wishes to you.
It is time to say farewell to wave for me. I will encourage those on the IDB forum to pursue the pump group from time to time.
But as far as Wave goes, it has finished its course just as most of us here said it would end in a death spiral, Well, it did and it is done.
but i think the answer is in, and it turns out to be "No, no one can be that stupid. But they can pose as a moron in order to scam people out of their money."
Notice how tpt, weets, barge and all the rest pretty much disappeared without a whimper? If they were genuinely idiots who had been posting in good faith all these years, they would now be all over these boards wailing about their losses and demanding justice. The fact that they're not pretty much tells you that all the positive garbage they posted, all the supposed stock purchases, were nothing more than pure boiler room type pumps. At this point I'm thinking ncbaker might be one of the few legitimate idiots who lost his own money.
Did you notice how quick snackman was to say "it's over, no point in belaboring the point, let it die?" What does that tell you? I think it means he was in on the pump the whole time, and now he's simply out of a job. It's also informative how they tried to refocus the discussion on OTHER STOCKS like WYY and MOSY. They wrung all they could out of the Wavoids, now they're moving on to find a new scam.
There's only 1 thing that makes me think snackman's posturing might have had any legitimacy-- i was by his neighborhood a few months ago and, man, his is the dumpiest place in a fairly decent area. Definitely in need of repair and upkeep; no sign of what you would call "pride of ownership." It's not a house you'd expect someone who just made a killing off a stock scam to be living in.
You may want to drive by there again and see if it is fixed up. One cult leader I know is driving a new SUV and had the roof on his house replaced. He's not hurting.
Another cult leader/PP birdie is selling his $1.5 million house. I bet he's moving up and not down.
"I so sure of not having a reverse split that I will go on record and say that I will sell all my stock if that happens." snackscum, January 11, 2013
- - - - - The above is a reply to the following message:
i hate to disagree with you guys
By: ignatius j reillly in
JC Mon, 21 Mar 16 4:51 AM
but i think the answer is in, and it turns out to be "No, no one can be that stupid. But they can pose as a moron in order to scam people out of their money."
Notice how tpt, weets, barge and all the rest pretty much disappeared without a whimper? If they were genuinely idiots who had been posting in good faith all these years, they would now be all over these boards wailing about their losses and demanding justice. The fact that they're not pretty much tells you that all the positive garbage they posted, all the supposed stock purchases, were nothing more than pure boiler room type pumps. At this point I'm thinking ncbaker might be one of the few legitimate idiots who lost his own money.
Did you notice how quick snackman was to say "it's over, no point in belaboring the point, let it die?" What does that tell you? I think it means he was in on the pump the whole time, and now he's simply out of a job. It's also informative how they tried to refocus the discussion on OTHER STOCKS like WYY and MOSY. They wrung all they could out of the Wavoids, now they're moving on to find a new scam.
There's only 1 thing that makes me think snackman's posturing might have had any legitimacy-- i was by his neighborhood a few months ago and, man, his is the dumpiest place in a fairly decent area. Definitely in need of repair and upkeep; no sign of what you would call "pride of ownership." It's not a house you'd expect someone who just made a killing off a stock scam to be living in.
Msg. 00151 of 00160 (This msg. is a reply to
00150 by
nxtflatpanel)
Jump:
but i think the answer is in, and it turns out to be "No, no one can be that stupid. But they can pose as a moron in order to scam people out of their money."
Notice how tpt, weets, barge and all the rest pretty much disappeared without a whimper? If they were genuinely idiots who had been posting in good faith all these years, they would now be all over these boards wailing about their losses and demanding justice. The fact that they're not pretty much tells you that all the positive garbage they posted, all the supposed stock purchases, were nothing more than pure boiler room type pumps. At this point I'm thinking ncbaker might be one of the few legitimate idiots who lost his own money.
Did you notice how quick snackman was to say "it's over, no point in belaboring the point, let it die?" What does that tell you? I think it means he was in on the pump the whole time, and now he's simply out of a job. It's also informative how they tried to refocus the discussion on OTHER STOCKS like WYY and MOSY. They wrung all they could out of the Wavoids, now they're moving on to find a new scam.
There's only 1 thing that makes me think snackman's posturing might have had any legitimacy-- i was by his neighborhood a few months ago and, man, his is the dumpiest place in a fairly decent area. Definitely in need of repair and upkeep; no sign of what you would call "pride of ownership." It's not a house you'd expect someone who just made a killing off a stock scam to be living in.
lugan is an idiot who bought into the scumbag cult leaders' proclamations of riches and fame. He became an attack dog for the cult due to his stupidity. Let him rot in his fantasies.
Msg. 00150 of 00160 (This msg. is a reply to
00149 by
Atticus Finch)
Jump:
lugan is an idiot who bought into the scumbag cult leaders' proclamations of riches and fame. He became an attack dog for the cult due to his stupidity. Let him rot in his fantasies.
He's an asshole. He deserves what he has gotten.
"I so sure of not having a reverse split that I will go on record and say that I will sell all my stock if that happens." snackscum, January 11, 2013
The best analogy I can come up with is the guy who sits down at a craps table or blackjack table and loses a large stack of chips. He then learns that the dice are loaded or that the deck is stacked... so what does he do? He doubles down.
Msg. 00149 of 00160 (This msg. is a reply to
00148 by
greg s)
Jump:
You got that right Greg!
The best analogy I can come up with is the guy who sits down at a craps table or blackjack table and loses a large stack of chips. He then learns that the dice are loaded or that the deck is stacked... so what does he do? He doubles down.
I think MMBG recently posted that the Safend assets were bought out of BK by an outfit called Supercom in Isreal.
You know damn well the Safend guys and the Supercom guys know each other. Well, read a few excerpts from the class actoin suit pending against Supercom and see if anything looks vaguely familiar to you. Bolds are mine, italics are either italicized in the original file or indicate quotes from co. rep. Seriously, do these all read the same arvard Business Review articles, hang out at the same cigar bars, and plot how to screw naive investors out of their life savings??
...defendant Arie Trabelsi, who had joined SuperCom as its
Chief Executive Officer...In addition to Arie Trabelsi, SuperCom executives also include his wife, Tsviya
Trabelsi, who serves as Chairperson of the SuperCom Board of Directors, his son Ordan Trabelsi,
who serves as President of SuperCom in the United States, and his other son Barak Trabelsi, who
serves as Vice President of the Company’s M2M division.
4. Unfortunately for investors, SuperCom has fallen far short of its "aim" of "increasing
[its] transparency" with "new investors." Instead, the family-dominated Company has employed
subterfuge to raise capital from the U.S. capital markets at fraud-inflated prices.
When SuperCom finally disclosed its preliminary third quarter 2015 results for the
period ended September 30, 2015 on November 30, 2015, two months after the end of that quarter ,
the Company acknowledged once again significantly missing its own revenue target, this time
disclosing that the Company only expected third quarter 2015 revenues to come in at $5.5-$6.1
million, less than half of the $13.38 million the Company had led the investment community to
expect, and also acknowledging that it would be forced to slash its fiscal year 2015 revenue and
earnings guidance. Once again the Company blamed the miss on purported revenue that it claimed
could not be recognized during the quarter – despite its prior adamant claims to having a strong and
broadening pipeline – disclosing that its "financial performance in the third quarter and full-year
were impacted by [its] inability to recognize more than $10 million of revenues that were expected
this year, mainly due to delays associated with foreign government customers," and acknowledging
that the Company would not see the $10 million until 2016, if ever . The Company also disclosed
that its newly appointed Acting CFO would need until at least December 2015 to reconcile the
Company's financial reporting and formally report its third quarter 2015 financial results.
12. On this news, the price of SuperCom common stock plummeted by more than $3 per
share, or 40%, from its close of $7.70 per share on November 27, 2015 .
Later that day, SuperCom held a conference call with analysts and investors to
discuss the earnings release and the Company’s operations. During the conference call, defendants
Arie Trabelsi, Ordan Trabelsi and Simona Green made positive statements about the strength of the
Company's ongoing business metrics and financial prospects. Specifically referencing the status of
the signing of new government contracts during his opening remarks, defendant Ordan Trabelsi
emphasized that the Company was on track in those negotiations to meet its annual targets, stating in
pertinent part as follows: We continue to be encouraged by the number, quality, stage, size and time of opportunities we have in our sales pipeline. Today we have a large amount of open proposals in various stages in many countries around the globe and we believe we are well positioned to achieve our stated goal to secure at least one to three new deployment contracts a year also in 2015 .
The number of advanced paged tenders in our pipeline increased during the first quarter which adds to our confidence. In addition, and as a result of successful integration of SuperCom and the SmartID division in 2014, the current deployment of multiple, significant new projects in parallel and our healthy balance sheet and growth prospects, we are now well positioned to work on larger tenders, which as two standalone businesses were not previously in the position to handle. Based on our success in 2014 and our current visibility following the close of the first quarter, we remain optimistic about SuperCom's future in our fast growing market .
Later on in the conference call, responding to an analyst's inquiry as to why
SuperCom was not raising its guidance in light of the "very bullish" comments its executives were
then making concerning its purportedly having "more contract wins coming in," defendant Ordan
Trabelsi stated that the Company’s guidance was "conservative," stating in pertinent part as follows: Our guidance is on a conservative nature. We like to take in account that we have very high visibility for like wins in 2014 that are being deployed, recurrent revenues and other things . There are very large vendors out there and some were performing very well off and when those are, if and when those are finalized we will announce those and that will exceed our guidance first, so we don’t take guidance into account at this stage .
...SuperCom issued a press release announcing that it intended
to offer and sell an undisclosed number of its ordinary shares in an underwritten public offering. In
its press release, SuperCom stated that the offering would be completed pursuant to a previously
filed shelf registration statement and that "[t]he Company intend[ed] to use the net proceeds from
th[e] offering for general corporate purposes, including working capital," and that it might "also use
a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions or
businesses that complement its business"
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