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Aksys Ltd. Message Board

  • value_oriented2001 value_oriented2001 Apr 1, 2002 12:24 PM Flag

    The real story

    I just went and read the insidertruth article, and factually it was correct. However, and this is big .... They do not talk about the reasons why home hemo is going down and how Aksys will solve the problems. Instead, it is an unprofessional report leading people to believe an incorrect conclusion. They conveniently leave out facts -such as the amount of disposables required with a current machine in your home or the requirement for pure water to be delivered.

    I believe alot of people are shorting on this kind of mis-hype and as a long shareholder, I will be waiting for you to have to cover. I also think the interest is due to a number of idiots getting burned on dot coms and looking to short Aksys as a way to rebuild their selfesteem. The only problem is, they went long on companies with questionable products or no products and are now going short on a company with a great product.

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    • Short-seller and flamboyant Internet message board poster Anthony Elgindy was sentenced Monday by a Texas judge to a $20,000 fine and four months in a federal prison for felony mail fraud.

      Elgindy, a former Nasdaq market maker and broker who's well known for his Internet postings critical of various publicly traded companies, also must spend four months in a work-release-type house confinement and three years on probation after finishing his prison term.

      U.S. District Court Judge Terry Means, of the Northern District of Texas, ordered Elgindy to report to a federal detention facility on June 11. He rejected Elgindy's request for a lesser sentence of probation.

    • Unfortunately being featured in Insidetruth.com leaves a permanent taint.
      Many houses won't touch AKSY now based on being written up, regardless of actual content.

    • The real story is that there is a large group of investors, both short and "pump-and-dump" longs that have no interest in the company or the product. Their only intent is to manipulate the market for a short-term gain. Unfortunately, that's one of the results of capital markets.

    • here is the perosn who wrote that report
      http://www.thestreet.com/tech/internet/940672.html


      This Silicon Investor Is Now Anthony@FederalDetention.gov
      By Robert Kowalski
      Staff Reporter
      5/16/00 2:55 PM ET



      Short-seller and flamboyant Internet message board poster Anthony Elgindy was sentenced Monday by a Texas judge to a $20,000 fine and four months in a federal prison for felony mail fraud.

      Elgindy, a former Nasdaq market maker and broker who's well known for his Internet postings critical of various publicly traded companies, also must spend four months in a work-release-type house confinement and three years on probation after finishing his prison term.

      U.S. District Court Judge Terry Means, of the Northern District of Texas, ordered Elgindy to report to a federal detention facility on June 11. He rejected Elgindy's request for a lesser sentence of probation.

      "I think it's fair because the judge said it's fair," Elgindy, 32, said in a phone conversation Tuesday.

      Elgindy pleaded guilty to the mail fraud charge in February, after he was charged in a nine-count insurance fraud indictment. (TSC wrote about his plea in February.)

      The indictment had alleged that Elgindy received compensation from securities firms while he was also fraudulently receiving disability benefits from an insurance company. The mail fraud charge stemmed from the method of delivery for the disability checks.

      "I have no hard feelings whatsoever toward the prosecutor. I have no hard feelings whatsoever toward the judge," said Elgindy, who lives in San Diego.

      David Jarvis, an assistant U.S. attorney who prosecuted Elgindy's case, said he was satisfied with the judge's ruling Monday.

      "That sentence is the minimum that the judge had to give him," Jarvis said. "He wasn't the transformed man that they made him out to be."

      Elgindy, who posts messages about companies under the alias Anthony@Pacific on the Silicon Investor message boards and maintains a Web site, said he doesn't know if he'll be able to continue posting messages from prison. "I don't know if there's Internet access or not," he said.

      In a posting on Silicon Investor early Tuesday, he bid his readers a temporary goodbye.

      Elgindy also said he didn't know if he'd return to posting messages about companies on message boards after he is released. But he said there's some value to his opinions about fraudulent activities in business because he's able to "use my own knowledge of how these scumbags work, because I used to be a scumbag."

      "I'm stuck in this role of bad guy who exposes bad guys," he added. But, "I'm just a young guy trying to earn an honest living."

    • in regards to the sterile water issue you might want to read
      http://biz.yahoo.com/rf/020314/n14143649_1.html

 
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