From another AV84fun hijacked thread...

Eric.

Eric.

Club a member
Silver Member
I made another thread so you can continue your childish arguing (i have to be right, even when I'm dead wrong...)

I won't be getting into your retarded crap after this, I'm responding (childishly) because you continue to address me so let me see if I can close the matter.

http://forums.azbilliards.com/showthread.php?t=46017&page=2

In that thread, you try to come across as the leading authority on IPO's. You try to nitpick some details of my post and the funny part is that you're WRONG! All IPO's ARE NOT exempt from registration and ALL do trade on a listed exchange. DPO's (direct public offerings) are the "other" new stock offerings that wind up on the Over-the-counter "pink sheets" market. If it is to be an IPO, it is underwritten by an Institution, registered with the SEC and offered by Prospectus. You should look up the difference between an IPO and a DPO. But you knew that, right? :rolleyes:

Next, you say my knowledge is deficient because I don't use the same backwoods slang in calling the OTC market the "underTC" market. On top of that, you later try to insult me by calling me "bubba" and talking about the "beat up pickup truck I drive". Do you find it ironic that you live in Tennessee and I, in the NYC metro area? There probably are more "bubbas" in your area than mine. The cheesy stereotype would probably fit you before me...


Next, and this is priceless, you CLAIM victory despite the fact that you're wrong, and then issue some kind of ridiculous bet in this post:
-----------------------
Eric...<<Don't bother going there, I don't believe your story anyway.>>

OK...let's see what you are made of Bubba. Here's the deal..

1. We both "post" $10,000.00 to be held in trust by YOUR lawyer. I prove conclusively to YOUR lawyer that my professional background is as I described.
2. If he/she concurs...the money will be DONATED to the charity of our respective choice...so your lawyer will not be getting mixed up in a "wager."
3. His investigation and conclusions as to my backgroud...which will be reached in about 5 minutes...will be subject to a Confidentiality Agreement wherein he/she will not be permitted to disclose my identity to anyone...including you.
4. The party donating to the charity will also pay your lawyer's fee.
5. If your current income from your paper route is not quite sufficient to go the ten grand...then you name the sum.
6. The person making the donation will post a public apology in this thread.

Put up or shut up.

<<IMO, you are NOT someone in the Securities business. At least not the way you portrayed.>>

See my "proposal above." Go ahead...be a MAN...make my day. And by the way, the charity that you will be donating to is the Magdeline Foundation which is arguably the finest organization serving to rehabilitate those poor souls who have fallen victim to engaging in prostitution and drug addiction. The results of their activities have been spectacular. Your "donation" will be greatly appreciated.

<snip>

<<Nice blurb that you dug up from the "Net. And you point is??>>

My POINT is that you were ABSOLUTELY, ENTIRELY AND CATEGORALLY WRONG about your misguided, lame and bone-headed version of what constitutes the OVER-THE-COUNTER market. And that "nice blurb" was, if you can read...published by the Securities and Exchange Commission. Can you suggest another entity more authoritative than that regarding the issue in question?

But yes...you caught me...Yup...I did find the SEC article on the Internet. I know, I know...I should have written the SEC...posed my question and waited about a year and a half for a reply. But those of us with more advanced skills and knowledge of the securities markets than you obviously have, prefer to obtain our authorities slightly more efficiently than that.

Just a hint to you though. They have these new fangled things now called cell phones...so you don't have to wheel your beater pick-up truck into the 7-11 anymore to use their pay phones! Just wanted to give you a heads up on that.

I and the Madgeline Foundation will anxiously await your response.

Jim
--------------

Let me cut to the point. This all started with me saying to someone else that IPO's, in the truest form, meaning that it will be listed on a major exchange, is not happenning (with the IPT). On top of the numerous requirements the IPT would need to meet, I doubt there would be any Investment Bank that would underwrite it.

You somehow digressed by saying that IPO's go public on the OTC market, I said they never do. DPO's go public on the OTC market. You don't seem to get that.

Finally, you come up with some ridiculous bet to "settle" who is right. That is the most esoteric piece crap I've ever heard of. If you wanna gamble $10k, let's bet on a football game this weekend, gambling proves nothing.

THE ISSUE IS THAT YOU CLAIM TO BE "IN THE SECURITIES BUSINESS FOR 30 YEARS INCLUDING A A PARTNER IN A MAJOR FIRM."

I say, bullsh!t. I mentioned that I doubt you are in the business as you portrayed. Maybe you are in the business, but partner of a major firm? Since you offered, what are you credentials? Care to back up that statement?

Here's my final effort on this:

PM YOUR NAME AND I WILL HAVE MY STAFF PULL YOUR CRD# TO VERIFY YOUR INFO. SINCE YOU CLAIM TO HAVE A SECURITY LICENSE, THE INFO IS PUBLIC KNOWLEDGE.




Well?


Eric
 
Look Eric...no one gives a DAMN about this thread. I only wanted to point out a few errors in your post. But then you go BALLISTIC.

As for the bet being ridiculous as you suggest...actually it would be an IDEAL way to PROVE the matter without getting into public disclosure of personal identities. But if that is not an issue with you...fine...what is YOUR CRD# or failing that, your full name, business address and employment history for the past 10 years. Of course you will not object to posting it since, after all, you asked me to do essentially the same thing.

It is clear to all interested parties that you object to the bet because you are certain that you would LOSE...and instead, resort to your petty bickering on questions that not 1 in 500 posters would know the right answers to.



Finally, my "under the counter" reference is an OLD, WELL KNOWN joke in the securities industry referring to stocks NOT traded on national exchanges. It is similar to saying that you were UNDERwhelmed...with something? GET IT???? Like I am UNDERwhelmed with you.

By the way...are YOU a securities broker? If so, is your firm aware that you are posting on investment-related matters on a public forum?

SPECIFIC AUTHORITIES

Not all offerings of securities must be registered with the U.S. Securities and Exchange Commission ("SEC"). Some exemptions from the registration requirement include:

private offerings to a limited number of persons or institutions;
offerings of limited size;
intrastate offerings; and
securities of municipal, state, and federal governments.

While the '33 Act recognizes that timely information about the issuer is vital to effective pricing of securities, the '33 Act's disclosure requirement (the registration statement and prospectus) is a one time affair. The 34 Act extends this requirement to securities traded in the secondary market. Provided that the company has more than a certain number of shareholders and has a certain amount of assets (500 shareholders, above 10 million in assets, per Act sections 12, 13, and 15), the 34 Act requires that issuers regularly file company information with the SEC on certain forms (the annual 10k filing, and the quarterly 10q filing). The filed reports are available to the public via EDGAR

http://en.wikipedia.org/wiki/Securities_Act_of_1933

From the 1933 Act....
Rule 12g-1 -- Exemption from Section 12(g)
--------------------------------------------------------------------------------


An issuer shall be exempt from the requirement to register any class of equity securities pursuant to section 12(g)(1) if on the last day of its most recent fiscal year the issuer had total assets not exceeding $10 million and, with respect to a foreign private issuer, such securities were not quoted in an automated inter-dealer quotation system.

There are MULTIPLE ADDITIONAL exemptions from registration...with the SEC AND/OR ANY STATE.

Your PROBLEM is that you are proving that a little knowledge is DANGEROUS. Yes, and IPO CAN BE listed on a public exchange but MANY small ones are EXEMPT.

Initial Public Offerings (IPO)
IPO stands for initial public offering and occurs when a company first sells its shares to the public. You can find more information about IPOs, particularly why investors have difficulty getting shares in an IPO, the pricing differences between the IPO and secondary market trading, and a brokerage firm’s IPO eligibility requirements.

http://www.sec.gov/answers/ipo.htm

Initial Public Offering - IPO

The first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking capital to expand, but can also be done by large privately-owned companies looking to become publicly traded.

http://www.investopedia.com/terms/i/ipo.asp

Direct Public Offering - DPO

When a company raises capital by marketing its shares directly to its own customers, employees, suppliers, distributors and friends in the community. DPOs are an alternative to underwritten public offerings by securities broker-dealer firms where a company's shares are sold to the broker's customers and prospects.

As you can see...or at least as you SHOULD see, a DPO is distinct from an IPO in that IPOs typically have broker/dealer underwriters whereas in DPO's the ISSUER sells its own shares...BUT THE SHARES ARE NEVERTHELESS SOLD TO THE PUBLIC AND UPON THE FIRST OCCASTION OF ANY SUCH SALE (which is what the word "initial" means) then the conditions of an Initial (sold for the first time) Public (sold to the public) Offering (placed up for sale) have been MET.

Your CONFUSION...which is HUGE...is that SOME IPOs are sold through broker/dealers...and ARE listed on exchanges but SOME ARE NOT. It has, admittedly, come to pass that SOME people with less knowledge than others...like YOU...have come to refer to IPO's as JUST the large underwritten versions. Like some people call facial tissue Kleenex...and SOME people call the "cushions" on pool tables "rails." (Do YOU know the difference?)
 
larrynj1...That's a pretty stupid remark...but if you are so sure of yourself...same bet.

And I hereby BEG the AZ forum moderators to BAN ME FOR LIFE from this forum if I duck when you take me up on it...which of course, you will since you KNOW I will lose!!

(-:
 
av84fun said:
Look Eric...no one gives a DAMN about this thread. I only wanted to point out a few errors in your post. But then you go BALLISTIC.

You need to re-read from the beginning to see who went ballistic/resorting to name calling/ridiculous bets to try to prove your point.

As for the bet being ridiculous as you suggest...actually it would be an IDEAL way to PROVE the matter without getting into public disclosure of personal identities. But if that is not an issue with you...fine...what is YOUR CRD# or failing that, your full name, business address and employment history for the past 10 years. Of course you will not object to posting it since, after all, you asked me to do essentially the same thing.

Worried about public disclosure of identities?! What're you, in covert CIA ops?? If you are licensed/registered in the Securities industry, your work history and discilplinary history is PUBLIC RECORD. Are you hiding something? Is your employment history as you said "partner in a major firm, 30 years in the industry"?

It is clear to all interested parties that you object to the bet because you are certain that you would LOSE...and instead, resort to your petty bickering on questions that not 1 in 500 posters would know the right answers to.

Boy, you really aren't too sharp, are you? Your CRD record will settle the dispute, THAT QUICK. No complex legal arrangements necessary.

Finally, my "under the counter" reference is an OLD, WELL KNOWN joke in the securities industry referring to stocks NOT traded on national exchanges. It is similar to saying that you were UNDERwhelmed...with something? GET IT???? Like I am UNDERwhelmed with you.

Your little archane joke is noted. I'll call the traders at Goldman Sachs and tell them to change their vernacular immediately :rolleyes:

By the way...are YOU a securities broker? If so, is your firm aware that you are posting on investment-related matters on a public forum?

I am licensed/registered. I'm not in Compliance, but I would hardly consider talking about the general Securities industry on the Internet a censure-able offense. Feel free to tell Mom on me.

SPECIFIC AUTHORITIES

Not all ...

<SNIP>

Initial Public Offerings (IPO)
IPO stands for initial public offering and occurs when a company first sells its shares to the public. You can find more information about IPOs, particularly why investors have difficulty getting shares in an IPO, the pricing differences between the IPO and secondary market trading, and a brokerage firm’s IPO eligibility requirements.

http://www.sec.gov/answers/ipo.htm

Initial Public Offering - IPO

The first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking capital to expand, but can also be done by large privately-owned companies looking to become publicly traded.

http://www.investopedia.com/terms/i/ipo.asp

Direct Public Offering - DPO

When a company raises capital by marketing its shares directly to its own customers, employees, suppliers, distributors and friends in the community. DPOs are an alternative to underwritten public offerings by securities broker-dealer firms where a company's shares are sold to the broker's customers and prospects.

As you can see...or at least as you SHOULD see, a DPO is distinct from an IPO
That's what I was saying in the first place you moron.

in that IPOs typically have broker/dealer underwriters whereas in DPO's the ISSUER sells its own shares...BUT THE SHARES ARE NEVERTHELESS SOLD TO THE PUBLIC AND UPON THE FIRST OCCASTION OF ANY SUCH SALE (which is what the word "initial" means) then the conditions of an Initial (sold for the first time) Public (sold to the public) Offering (placed up for sale) have been MET.

That is one of the very few things an IPO and DPO have in common; the shares are sold to the public, initially. To say that the two are one and the same just because of that one similarity is like saying that humans and gorillas are the same animal because we both breathe air!

Your CONFUSION...which is HUGE...is that SOME IPOs are sold through broker/dealers...and ARE listed on exchanges but SOME ARE NOT.

Again, ALL IPO's ARE LISTED ON A EXCHANGE. DPO's usually do not list and generally go to the Pinks (OTC).

It has, admittedly, come to pass that SOME people with less knowledge than others...like YOU...have come to refer to IPO's as JUST the large underwritten versions. Like some people call facial tissue Kleenex...and SOME people call the "cushions" on pool tables "rails." (Do YOU know the difference?)

Stubborn, closed-minded and clueless come to mind when I think of you.
Click to expand...


Again, Jim, Mr. "30 years in the industry and partner of a major firm", you can PM you name and I will have your CRD record pulled. I WILL NOT INCLUDE YOUR FULL NAME WITH THE RESULTS. I just want you to back up the bullsh!t you passed out.

In my opinion, you are exaggerating your work history. I've got you pegged, I've been on Wall Street long enough to sniff out bullsh!t. In fact, my magic 8 ball tells me you were just a:

Retail broker who worked for UBS Painewebber.

Not some major captain of the industry like you are trying to portray.

How am I doing, Jim?


Eric
 
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Eric...Again, Jim, Mr. "30 years in the industry and partner of a major firm", you can PM you name and I will have your CRD record pulled. I WILL NOT INCLUDE YOU FULL NAME WITH THE RESULTS. I just want you to back up the bullsh!t you passed out.>>

ROFLMFAO...I am supposed to trust YOU!!!!!!!!!!! LOL..

And...wrong...is the anwer you your question as to "How am I doing?"

Your statement is WRONG...but here it is:

GENERAL Partner...not Limited Partner of higly prestigeous mid-west based securities firm.

SENIOR Vice President, Director, Growth Stock Research and Chief Investment strategist of firm similar to the above.

SENIOR Vice President and Investment Adviser....not "just" a retail broker...althogh any retail broker I have ever known knows what the OTC market is...unlike YOU...
with a major Internationally based securities firm.

By the way junior....I have RETIRED from ALL those firms and am now...among a LOT of things...a private investment adviser...so I don't even HAVE a CRD#

BET ME! OR SHUT THE F#*# UP.

Why won't you do that??? It is simple and effortless for you and YOUR lawyer will control the outcome. What could POSSIBLY be more fair than that?????

Why do you keep snooping and sniping and embarrassing yourself?

And if $10k is too much...fine...make it a lousy thousand...I don't care.

But...and wait until I stop laughing....even IF your description of my background was correct...which it isn't...you now ADMIT that AT LEAST (you think) I am a licensed broker with a HUGE firm...but before...you stated that my entire description of myself was false, a lie and BULL$it.

What a jerk.

Jim
 
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Eric. said:
[:

On top of that, you later try to insult me by calling me "bubba" and talking about the "beat up pickup truck I drive". Do you find it ironic that you live in Tennessee and I, in the NYC metro area? There probably are more "bubbas" in your area than mine. The cheesy stereotype would probably fit you before me...







Eric
Click to expand...

Why are you making such discriminatory statements?

I moved to the MEMPHIS area (which is arguably the armpit of TN) sometime ago from one of the more affluent CHI suburbs and the thought of moving north of the mason-dixon line makes me break out in a cold sweat.

As much as the CHI area doesn't impress me it gives the parts of JERSEY that I've visited the 7.

One man's trash is another man's treasure...
 
av84fun said:
Eric...Again, Jim, Mr. "30 years in the industry and partner of a major firm", you can PM you name and I will have your CRD record pulled. I WILL NOT INCLUDE YOU FULL NAME WITH THE RESULTS. I just want you to back up the bullsh!t you passed out.>>

ROFLMFAO...I am supposed to trust YOU!!!!!!!!!!! LOL..

And...wrong...is the anwer you your question as to "How am I doing?"

Your statement is WRONG.

BET ME! OR SHUT THE F#*# UP.
Click to expand...


Nope. Sorry, I'm not letting you off the hook. Don't hide behind the "bet me or.." crap. If you want some credibility around here, you need to back up your boasts, especially since YOU threw it out here initially.

I don't have a problem with credibility around here. I've been around for a few years and a lot of posters know me in real life. You, you're like a fart; a rotten smell that appeared outta nowhere and is unpleasant to all.

You should have NO PROBLEM posting your CRD record, it's public information, so hiding behind your "privacy" is a farce. Unless you have something to hide.

Until then, NOBODY respects you and what you have to say.

*EDIT-Jim edits his post to add:But...and wait until I stop laughing....even IF your description of my background was correct...which it isn't...you now ADMIT that AT LEAST (you think) I am a licensed broker with a HUGE firm...but before...you stated that my entire description of myself was false, a lie and BULL$it.

ANSWER:
You are the MAster of twisting the truth. A bullsh!tter's bullsh!tter. A "licensed broker with a huge firm" doesn't mean that much and doesn't command that much respect. In fact, it is a huge cry from the "expert" and "partner in a major firm" leader of Industry you tried to portray. JUST SO THERE'S NO CONFUSION, I THINK YOU ARE A RUN-OF-THE-MILL RETAIL BROKER/SALESPERSON SELLING INVESTMENTS TO THE GENERAL PUBLIC. NOTHING MORE.

How's my hunch?



Eric
 
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Eric...<<You need to re-read from the beginning to see who went ballistic/resorting to name calling/ridiculous bets to try to prove your point.>>

I JUST DID. How DUMB can you be?? My first response to your post was UTTERLY businesslike and cordial while simply pointing out a couple of errors in your post but I concluded by saying that I was in essential agreement with the thrust of your post.

YOU then started, in effect, calling me a liar which you have continued to do throughout the remainder of the thread.

<<Worried about public disclosure of identities?! What're you, in covert CIA ops?? >>

You say your are a licensed broker and that you have no problem with public disclosure of your identity. AS I STATED BEFORE and as you have conveniently IGNORED.............what is YOUR CRD#???

Post it or shut up.


<<I am licensed/registered. I'm not in Compliance, but I would hardly consider talking about the general Securities industry on the Internet a censure-able offense. Feel free to tell Mom on me.>>

Why don't you RE-READ your Compliance Manual. You sign an ANNUAL Certification that you have read it and understand what is says...

Unless you work for some third rate bucket shop that doesn't have one (illegal not to). And you should consult your NYSE and NASD rules...especially now that you have ANNOUNCED that your are a registered broker. You ARE trying to solicit business by that announcement and by ATTEMPTING...however, poorly, to establish confidence in your securities industry knowledge...aren't you?
 
ERic...<<You should have NO PROBLEM posting your CRD record, it's public information, so hiding behind your "privacy" is a farce. Unless you have something to hide.>>

Then post yours!!!!!!!!! Do you have ANY CLUE what an idiot you are making of yourself??? OBVIOUSLY NOT.

You duck the bet...you suggest I post my personal identity but refuse to post yours.....You are a JOKE!!

(-:
 
av84fun said:
Eric...<<You need to re-read from the beginning to see who went ballistic/resorting to name calling/ridiculous bets to try to prove your point.>>

I JUST DID. How DUMB can you be?? My first response to your post was UTTERLY businesslike and cordial while simply pointing out a couple of errors in your post but I concluded by saying that I was in essential agreement with the thrust of your post.

YOU then started, in effect, calling me a liar which you have continued to do throughout the remainder of the thread.
I doubt you based on your incorrect info, you in return, went ballistic because someone questioned your "expertise".

<<Worried about public disclosure of identities?! What're you, in covert CIA ops?? >>

You say your are a licensed broker and that you have no problem with public disclosure of your identity. AS I STATED BEFORE and as you have conveniently IGNORED.............what is YOUR CRD#???

Why are you trying to deflect away from yourself? You stated all these big things about yourself, I want proof.

Post it or shut up.

I couldn't have said it better myself.

<<I am licensed/registered. I'm not in Compliance, but I would hardly consider talking about the general Securities industry on the Internet a censure-able offense. Feel free to tell Mom on me.>>

Why don't you RE-READ your Compliance Manual. You sign an ANNUAL Certification that you have read it and understand what is says...

Unless you work for some third rate bucket shop that doesn't have one (illegal not to). And you should consult your NYSE and NASD rules...especially now that you have ANNOUNCED that your are a registered broker. You ARE trying to solicit business by that announcement and by ATTEMPTING...however, poorly, to establish confidence in your securities industry knowledge...aren't you?

It's obvious that you are not the expert in Securites Compliance, either. Nice try, though.
Click to expand...


Deflect, talk around and twist the truth. Your talk confirms all I need to know about you.

Goodbye, jackass, I leave you to your own miserable life.

*edit-but I will have to pull up this post next time av84fun starts boasting BS again.


Eric
 
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Eric...and as ribdoner pointed out...on top of everything else you are a bigot. Down here...bubba is generally a term of endearment. But even if it was...you slam the entire south as somehow being inferior.

Another phrase used often down here is..."Bless his/her heart." Often that remark is stated genuinely, but as ribdoner will attest, it is also often used as a euphemism for...The stupid sonofa***** can't find his a$$ with both hands and a map....like you.

(-:

So....Eric....post your CRD...OK? YOU say you have no problem with that so...suck it up and DO IT1

BET ME!!! (-:

Jim
 
Eric....<<Goodbye, jackass, I leave you to your own miserable life.>>

Another expression coined by a Southerner..............

FREE AT LAST...FREE AT LAST...THANK GOD ALMIGHTLY...I'M FREE AT LAST!!!!!!!!!!!!!!!

BUT THANKS FOR THE LAUGHS!!!!!!!!!

(-:
 
Why am I reading this thread? I could instead be reading about smoking poolrooms, Predator shafts, and, soon to come I'm sure, the dangers of second hand smoke to Predator shafts.
 
av84fun is a real piece of work!!!!

av48fun, ur poor wife (if you are not divorced) must love being married to Mr. always has to be Right :p ;) :rolleyes:

Brian
 
C'mon Brian...It's not a matter of always having to always be right . Fight fair. How many times have you seen Open Apologies posted by one member of the forum to another? I did so because I had misinterpreted certain matters and jumped to a conclusion.

The man was just flat wrong on other issues and not only was he not man enough to admit it...let alone apologize...he was calliing me every childish name in the book....including being a fraud.

I hope that never happens to you but if it does...honestly....please let me know how you feel about that...especially when you have several personal friends posting here.

Regards,
Jim
 
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