Definition of Stock Basher: an individual either acting alone or on behalf
of someone else, who attempts to devalue a stock by spreading false or exaggerated claims against a public company. After the stock's price has dropped, the basher, or the basher's employer, will then purchase the stock at a lower price than what he or she believes it is intrinsically worth. This is an ILLEGAL activity that can carry significant LEGAL repercussions. The basher is generally paid on the basis how many lies and negative rumors are spread, which can dramatically affect a stock's value.(cont)
Do not just blame the bashers. I think this time Lee has caused the major problem by assigning $800K loan (at discount) to Ironridge, which took the chance to bring the assigned debts together to the court to secure its own benefit. LEE is not the dragon but a drag!
(cont) If an investor believes some of the lies, he or she may sell off the stock at the higher price before it falls. The basher will then purchase the stock and ride out the gains. To report stock bashing to the SEC contact: (202)- 551-6551. Anyone here fit that bill? UNEMON with 1,093 posts in 3 months on LLEN board and all other bashrs and aliases. Company and legal counsel will report and BUYINS also will report to SEC and FINRA and whistleblowers.