Management History Cery B. Perle was the President and CEO of Waldron & Co., a California-based registered broker-dealer. According to the Company’s 2003 10-K filing, in September of 1998, the Securities and Exchange Commission (SEC) commenced a civil action against Mr. Perle and Waldron & Co. In a May 14, 1999 litigation release (No. 16146), a federal judge in Los Angeles found that Mr. Perle manipulated the stock of Shopping.com and that he planned, directed, and executed a scheme to fraudulently increase Shopping.com’s stock by 255%. Waldron was found to have profited over $4.1 million. The litigation release also states that the court permanently enjoined Waldron and Mr. Perle from violating the antifraud provisions of the federal securities laws, Section 17 (a) of the Securities Act of 1933 and Sections 10 (b) and 15 (c) (1) of the Securities Exchange Act of 1934 and Rules 10b-5 and 15cl-2 thereunder. The court also imposed $110,000 in civil penalties against Mr. Perle. According to the Company’s 2003 10-K filing, in January 2001, the U.S. Department of Labor brought an action against Waldron & Co. and Mr. Perle for violations of the Employee Retirement Income Security Act of 1974 (ERISA) alleging that violation occurred when they failed to forward contributions of approximately $50,000 withheld from employee paychecks to Waldron’ 401(k) Plan. The suit sought to permanently bar Mr. Perle from serving as a fiduciary of or service provider to any plan covered by ERISA. Although Mr. Perle was never formally notified of the outcome of the action, he has assumed that such an order was issued.
cycle, when this is the type of news that (doesn't) cut checks, not whether or not he is a good humanitarian...lol, jk
Posts: 1013 | Registered: Jul 2005
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you could always look at it though that maybe perle doesnt have it in him to completely run a p&d again...just the little spark to have his insiders get paid off this last sell-off
i still think its not a complete p&d and those with patience will be rewarded..there is some substance to the product
Posts: 1013 | Registered: Jul 2005
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There is enough DD on this thread to make rational decisions based upon your risk tolerance. As anybody can see, this is an emerging company with a product which the BIG companies feel there is a demand.
You choose, but base your position on DD not naysayers.
Goodby to all the bashers for the moment
-------------------- A day without dreams is just a nightmare! Posts: 1702 | From: Michigan | Registered: Oct 2003
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quote:Originally posted by eric23: you could always look at it though that maybe perle doesnt have it in him to completely run a p&d again...just the little spark to have his insiders get paid off this last sell-off
i still think its not a complete p&d and those with patience will be rewarded..there is some substance to the product
Eric, the SEC is watching I am sure! He has already be legally banned from administering retirements plans for the company.
The first offense was a slap on the wrist, the second would not be pretty. I feel he is acting on the advice of legal counsel.
-------------------- A day without dreams is just a nightmare! Posts: 1702 | From: Michigan | Registered: Oct 2003
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That is what I am thinking as well. There was obviously a sell off the past couple days, but it could have been MM manipulation in combination with the promotional firms cashing in their stock payment, or people simply collecting profits after a great run and a peaked RSI.
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hey cyclekitty and everybody im optimistic today just when i was pulling out my car saftey seatbelt and popcorn for the rollercoaster ride down,it turns out not as violent as i thought it was going to be I just want to say thanks for all the information provided and the things im learning here and there.
-------------------- Go for the Gold, those that don't risk anything gain nothing Posts: 35 | From: Classified | Registered: Jul 2005
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I own Microsoft (MSFT:Nasdaq - commentary - research), Southwest Airlines (LUV:NYSE - commentary - research), Sanmina (SANM:Nasdaq - commentary - research) and Newport International (NWPO:OTC BB - commentary - research). Am I diversified?
-- John from Kansas
James J. Cramer: You have three of a kind in tech stocks. That's good in poker, but not a good idea for investing. You have decent companies in Microsoft and Southwest, but I would add an oil company to offset the latter's exposure to rising fuel prices. And while I think speculation is OK, I'd stay away from the sub-$1 stocks like Newport, especially those that trade on the Bulletin Board.
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Yea, and investment brokers have all the right answeres. That is why they work for a living.
Whoever just suggested oil stocks doesn't have foresight. Oil plays made money 6 months ago. If you bought oil now, you would be buying at the highs. The only way you would make money is if the price of oil went up from these historical highs. Our government couldn't afford that big of an increase. Our economy would crash.
SLMFAO
-------------------- A day without dreams is just a nightmare! Posts: 1702 | From: Michigan | Registered: Oct 2003
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1) Why is this PR for NWPO 2) "People" read these things and become even more concerned, aka a bigger selloff. Laugh all you want this is BAD NEWS.
Went from "Dell" to this...
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No analyst would recommend any OTC BB stock no matter the symbol IMO, too much very them to lose by endorsing it.
Posts: 1013 | Registered: Jul 2005
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Hey Froggy... so Ur friend has no confidence in this stock still going up to 6~8 right?
Posts: 52 | From: NY | Registered: Jul 2005
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fyi, cramer is a multi-millionaire that enjoys what he does. he wants to work as do a lot of eccentric managers.
however, i do agree with you all that everyone say stay away from OTCBB and pinkies. It is a risky venture with lots of ups and downs.
Posts: 52 | From: NY | Registered: Jul 2005
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quote:Originally posted by TWPEE: fyi, cramer is a multi-millionaire that enjoys what he does. he wants to work as do a lot of eccentric managers.
however, i do agree with you all that everyone say stay away from OTCBB and pinkies. It is a risky venture with lots of ups and downs.
This is Cramer! We should all find out about the people we follow before we follow. He made his money by pumping the stocks he owned previous to the pump. He may have done solid research, but he still pumped for a fee.
James J. Cramer
News organizations and titles: Co-founder, director, contributing editor and former co-chairman, TheStreet.com, 1996-present; columnist and contributor to various publications, including Time, GQ, New Republic and Brill's Content; commentator, CNBC; columnist, "The Bottom Line," New York magazine, 1995-97; founder and columnist, SmartMoney, 1992-95; reporter and co-founder, The American Lawyer, 1979-83.
Legacy: Mr. Cramer is a prolific journalist and commentator who often riles the establishment with his pointed criticisms. He represents a new breed of investment writers, not just telling readers his opinions, but also making his living as a money manager. Mr. Cramer is best known as a founder and columnist of TheStreet.com, a PAID Internet news service that went public in 1999, making millionaires of some of its principals. The success of the TheStreet.com has whetted the appetite of many business journalists who would like to follow in Mr. Cramer's footsteps.
Personal: Born Feb. 10, 1955.
Family: Wife, Karen, and two daughters.
Education: Harvard College, magna cum laude, 1977; Harvard Law School, J.D., 1984.
What he has said about himself: "People regard my writing as something I'm doing for some bizarre ulterior motive. I write about the market because I like to. I've written 3,000 articles since 1988, and I find it very amusing that people continue to ask why I do this. Journalists want to see 'The Manchurian Candidate' in me. "The Net is my perfect voice."
What he made news or headlines for: As an investor in Dow Jones, he lobbied hard for the company to rid itself of its Telerate division, which it eventually did. In 1995, The Washington Post and The New York Times reported Mr. Cramer made more than $2 million on three stocks he had endorsed in a SmartMoney column, accusing him of using his column to inflate low-cap stocks in which he had positions. Both the SEC and Dow Jones investigated the matter and found no wrongdoing.
[ August 03, 2005, 17:13: Message edited by: justplayin ]
-------------------- A day without dreams is just a nightmare! Posts: 1702 | From: Michigan | Registered: Oct 2003
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I just want to say thanks for all the information provided and the things im learning here and there.
