Paulson, known for making $15 billion for his investors in 2007 by betting against subprime mortgages before the U.S. housing collapse, bought shares in Greece’s Alpha Bank SA in the third quarter as part of the lender’s recapitalization, a report to clients in October showed. His firm, which manages $18 billion, also bought warrants to purchase 7.41 additional shares for each common share.
Today I want to come clean about something I feel very badly about. I cannot undo some of the things I have done, but hopefully this message will prevent other such occurrences in the future. I am a paid basher.
Yes, it is true. Today is my last day at this company; I’m moving on to a new job. I’ve realized that there are more dignifying jobs out there that can pay me equally as well. But before I go, I want to explain a few things because this just isn’t right and I won’t feel good about myself until I expose this sham. It’s hurt too many people and I don’t want it on my conscience anymore. I can no longer live with a lie.
I work for a company called Springfield Global Funds in Stamford, CT. Basically, it’s a Boiler Room much like the one in the movie of the same name. The idea behind my group is to bash the price of a company’s stock down low enough to where the group of investors who retained our company’s services can buy the stock really cheap and perhaps even take it over all together. Confessions Of A Paid Basher
What is that goal? Well, I am merely a cog in a much larger machine, so my bosses never really explained the big picture to me, but I’d say essentially, Shaddowwatch2oo3 was right. There are several companies who are quite familiar with Jim Bishop and Janice Shell and who are deathly afraid of them.
There are three types of bashers here at Springfield Global Funds: Advanced, Intermediate and Beginner. An Advanced-level basher (also known as a Silver Tongued Devil) would spread false or misleading information about the company. They would deal in facts, countering every longs post with articles, news reports and opinion surveys that gave a negative impression about the company.
An Intermediate-level basher (also known as a Serpent) would try to weasel their way into the confidence of longs and create doubt using rumor or innuendo.
Finally, a Beginner-level basher (also known as a Pitchfork) would attempt to create confusion in the room by distracting other posters with satire, name calling and pointless arguments. The idea was to make sure no serious discussion of the stock could take place. A Pitchfork was usually a basher, but not always.
Confessions Of A Paid Basher
I was a Serpent basher, because I am known for effective bashing based on solid facts and truth. I was paid a base wage of $18 an hour for my services. I was given a $1.25 bonus for every decent quality post over 100 per day as well as a monthly bonus of $100 for every penny the stock had dropped from the previous month. I was also paid a bonus for bashing on weekends. While this may not sound like much, I made a decent, though dishonorable, paycheck plus a nice Laptop with free wireless internet connection. Now you know why I bash all the time.
I’ve worked on OSTK, OVTI, DNDN, CRWN for a few months now. In addition to the tonybalokey alias, I’ve used a few others on several other boards as well. I’ve used so many aliases that I can not remember the monikers or the passwords. I honestly lost track of everything. I stuck with tonybalokey because it was the one that got the most play from you guys. Confessions Of A Paid Basher
In closing, I feel absolutely terrible about this. It’s just awful how I’ve been part of a scam designed to cheat honest, hard-working people out of their investments all for the
benefit of a few wealthy people who already have enough money to last a lifetime.
These greedy people MUST be stopped. That’s why I’m posting this before I leave.
I hope this confession can make up for my sordid deeds; I would urge everyone who reads this to inform as many people as you can. Only by shining the light of truth can we drive these rats back into the darkness from whence they came. Believe me, they don’t want publicity.
Good luck and I hope all of you the best in your investment endeavors.
At the Henley Vaporium, one of a growing number of e-cigarette lounges sprouting up in New York and other U.S. cities, patrons can indulge in their choice of more than 90 flavours of nicotine-infused vapour, ranging from bacon to bubble gum.
The lounge, located in Manhattan’s trendy Lower East Side, features plush seating, blaring rock music, and fresh juice and coffee. A sprawling sign on one wall lists all the carcinogens that e-cigarette users avoid by kicking their smoking habits and using the e-devices instead.
But the growing popularity of e-cigarettes has not escaped the notice of the industry’s critics, who have stepped up calls for new regulations, including bans on their use in public places, even though the scientific evidence about exposure to their vapours remains inconclusive.
Selling for about $30 (U.S.) to $50 each, e-cigarettes are slim, reusable, metal tubes containing nicotine-laced liquids that come in exotic favours. When users puff on the device, the nicotine is heated and releases a vapour that, unlike cigarette smoke, contains no tar, which causes cancer and other diseases.
The product, introduced in China in 2006, has become a worldwide trend at least in part because it may help smokers of regular cigarettes break the habit.
“It’s an addiction – not everyone can quit cold turkey,” said Nick Edwards, 34, a Henley employee who says he kicked a 15-year cigarette habit the day he tried his first e-cigarette. “E-cigarettes give you a harm-reduction option.”
That’s one reason why the market for e-cigarettes is expected to surge, reaching $2-billion by the end of 2013 and $10-billion by 2017, according to Bonnie Herzog, an analyst at Wells Fargo Bank in New York.
Herzog said the U.S. market alone could top $1-billion this year. She predicts that by 2017 e-cigarettes sales will overtake sales of regular cigarettes. That estimate does not take into account the impact of potential government regulations on sales.
E-cigarettes may help smokers save money too. Edwards, for one, says he cut his $60 monthly cigarette bill in half when he switched. On top of the cost of the device, the smoking liquids cost around $10 per refill.
Despite the perceived benefits, critics worry that the addictive nicotine found in e-cigarettes could lure more people into smoking and discourage others from quitting all together.
“Essentially e-cigarette companies are selling nicotine addiction,” said Dr. Neil Schluger, chief scientific officer for the World Lung Foundation, which advocates for tobacco control.
“Once you have them addicted to nicotine, you can sell them all sorts of things, including conventional cigarettes,” he said. “This is a giant Trojan horse.”
In the United States, such concerns have led to calls for increased government regulation.
The U.S. Food and Drug Administration currently has no regulations on e-cigarettes, but it is expected to release rules this month that would extend its “tobacco product” authority over the devices. New FDA rules could follow.
“Further research is needed to assess the potential public health benefits and risks of electronic cigarettes and other novel tobacco products,” said Jenny Haliski, an FDA spokeswoman.
To be sure, no one is expecting the federal government to go as far as Brazil, Norway and Singapore, where the devices are banned outright.
In the United States, Utah, North Dakota, Arkansas and New Jersey have already passed legislation outlawing e-cigarettes wherever smoking is prohibited.
Other jurisdictions are considering new rules of their own. New York City could decide as early as next week whether to prohibit e-cigarette use in public places.
Under Mayor Michael Bloomberg, who leaves office Jan. 1, New York was one of the first cities to ban cigarette smoking in public places, and its decision could influence Chicago and other cities that are considering a similar controls.
The outcome is crucial for tobacco companies, which are banking on the devices to make up for a sharp decline in sales of regular cigarettes in the United States. Smoking among U.S. adults dropped to 18 per cent in 2012 from 24.7 per cent in 1997, according to the Centers for Disease Control and Prevention.
Reynolds American Inc., which makes Camel cigarettes, began selling its Vuse vapour cigarettes in Colorado retail stores in July and plans on expanding nationwide by mid-2014.
Other companies have also dipped into the e-cigarette business, too. Last year Lorillard Inc, maker of Newport cigarettes, acquired the best-selling blu eCigs brand, while Altria Group Inc., best known for the Marlboro brand, followed suit in August with the launch of MarkTen e-cigarettes.
“As society is transforming, so must the tobacco industry,” said Reynolds spokesman Richard Smith. “It’s just good business sense.”
The arrival of Big Tobacco could mean fierce competition for small e-cigarette companies that do not have the resources or experience to deal with tight government regulation.
But many e-cigarette companies say Big Tobacco is late to the game and has a lot to catch up on. “They are going to need to boost up their game if they want to compete,” said Christina Lopez, a saleswoman at Smokeless Image, an e-cigarette shop that sells smaller brands in Hoboken, N.J.
To be sure, there is still a dearth of scientific evidence about the safety of e-cigarettes and their effectiveness in helping smokers quit. For regulators, the big question is, are e-cigarettes a treatment for would-be quitters or “gateway” products to nicotine addiction?
Supporters say some e-cigarettes allow users to slowly reduce their nicotine intake and wean themselves off nicotine completely. A study published in the September issue in Lancet, the British medical journal, said the e-cigarettes are as effective as nicotine patches for smokers trying to quit.
Worldwide, conventional cigarette addictions kill six million people a year, in part because of the 250 harmful chemicals found in tobacco smoke, which can cause cancer, heart disease and stroke, says the Centers for Disease Control and Prevention.
But e-cigarettes may not be harmless, either. Nicotine addictions, fed by smoking, chewing tobacco or e-cigarettes, can cause high blood pressure, disrupt heart rhythms and lead to obesity and diabetes.
Electronic devices that feature fruit and candy flavours are even more worrying, critics say, because they could introduce children to smoking.
E-cigarette vendors say the sweet flavours make the process of quitting smoking less painful.
“By taking a sort of ‘Willy Wonka,’ fun approach to a serious matter, it breaks down people’s perceptions of e-cigarettes,” said Talia Eisenberg, owner of the Henley Vaporium, referring to the fictional candy maker.
The Centers for Disease Control and Prevention said 10 per cent of high-school students surveyed reported using e-cigarettes in 2012, up from 4.7 per cent in 2011.
About 60 per cent of current users are over 35 years old, and 43 per cent are college-educated, according to Reynolds American.
Twelve states, including New York, have passed laws preventing e-cigarette sales to minors.
At a hearing on the proposed New York City ban on e-cigarette use in public places, Health Commissioner Thomas Farley said allowing it could glamorize all types of smoking and encourage teenagers and children to take up the cigarette habit.
“While more research is needed on electronic cigarettes, waiting to act could jeopardize the progress we have made over the last few years,” he said.
Vapor Corp. announced that it participated in a conference on December 5, 2013. The Sixth Annual LD MICRO Conference held in California offered an opportunity to company to share information with investors about its brands. The company’s brands include Alternacig®, Krave®, Hookah Stix®, EZ Smoker®, Americig®, Green Puffer®, Fumare™ and Smoke Star®.
VPCO’s President Jeffrey Holman presented at 4:00 P.M. The investors met President to know about investment opportunities. The company says that presentation can be accessed for next 90 days on the website.
Vapor Corp designs, markets and distributes electronic cigarettes and accessories. The brands of Vapor include Krave, Fifty-One, EZ Smoker, VaporX, Americig, Fumre Hookah Stix, Green Puffer, and Smoke Star brands. These e-cigarettes have 3 parts; the mouthpiece, a heating element and the electronics. The cigarettes are available in rechargeable and disposable types.
DANIA BEACH, Fla., Dec. 11, 2013 /PRNewswire/ -- Vapor Corp. (OTCQB: VPCO), a leading U.S. based electronic cigarette company whose brands include KRAVE(R), Fifty-One(R), VaporX(R), Hookah Stix(R), Alternacig(R), EZ Smoker(R), Green Puffer(R), Americig(R), Fumare(TM) and Smoke Star(R), announced today the rebranding of its KRAVE(R) brand of electronic cigarettes, as well as the launch of its new Re-Designed, Re-Defined and Re-Energized KRAVE(R) website www.kraveit.com.
"We are extremely excited about the rebranding of KRAVE(R) and launch of our new and improved website, which combined support our efforts to expand our brand presence and deliver rich online content," said Vapor CEO, Kevin Frija. "Based upon valuable feedback from our customers and retail partners, we expect our new line of KRAVE(R) products will be a huge hit next year."
"In anticipation of launching our rebranded product in 2014 through brick-and-mortar retailers, the new www.kraveit.com will give our loyal customers and followers a sneak peak at what's to come. The new website will also provide our brick-and-mortar retail partners across the country an opportunity to join our new retail affiliate network program, which in turn will allow them to receive credits and rebates for customers who shop on our site using their affiliate code," added Frija.
KRAVE(R)'s rebranding includes a new, fresh logo along with re-designed product packaging. KRAVE(R)'s new website has been designed to provide the ultimate user-friendly experience with improved navigation and functionality, providing customers access to the most up-to-date, detailed information for the new and improved KRAVE(R) line of products. Developed to elevate the user experience, the website utilizes state-of-the-art technology that is compatible with today's most popular browsers and mobile devices. In addition, the new KRAVE(R) site allows users to share information and comments on e-cig products that interest them with others across well-trafficked social media platforms such as Facebook, Twitter, Pinterest and Instagram.
Cramer didn't have to mention VPCO...all he had to say was politicians are idiots for not reading the scientific data in favor of e cigs...and how the industry does a billion dollars a year and how it's up 100% and how people working for him use the product and that he brought on the CEO of the #1 company to promote the industry who said e cigs are out selling regular cigs...just wait till the millions of people watching Cramer find out there's only one e cig play right now....and that's VPCO!.