Mr. Paul Davis: "I'm not going to bash a penny stock with obvious and generic issues. I'll leave that for the bashers."

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"I'm not going to bash a penny stock with obvious and generic issues. I'll leave that for the bashers."


This is what Mr. Paul Davis stated recently in the Silicon Investor message board (http://www.siliconinvestor.com/readmsg.aspx?msgid=22171773).

Is this a true statement?

To answer the question, one only has to review one of the more vicious and disgusting attacks on a penny stock and an innocent investor in recent history. Why attack and make fun of the integrity of this investor? The only thing that the innocent investor did wrong was to have the misfortune of losing money on two penny stock investments, one of which he claimed he was misled by management. This is what the attacker says at the end:

"And you had the nerve to bash other stocks. Have you learned a lesson yet?"


Who is the individual that made these vicious attacks?...none other than Mr. Paul Davis, the former attorney from the eastern suburbs of Boston.

Below you will find Mr. Davis' (rrufff) vicious attacks, including much name calling and personal insults:


From: rrufff:

http://www.siliconinvestor.com/readmsg.aspx?msgid=22172128
"Would you like to discuss dilution, toxic funding and broken promises on EFCR, pal?Let's start shall we!!"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172163
"But EFCR falls into the category of promise and nothing else. You have nothing there, other than toxic funding and dilution. Shall we explore it. You call this a real company? "prepare to negotiate".shall we prepare to negotiate? all sing, "Prepare to negotiate."What kind of fool are you? First a pumper of PLNI and then a a basher?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172167
"EFCR filings - a story of dilution. How the frick do you think you're ever going to get a sustained rise on this POS if you have this as an overhang?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172178
"Just giving it in little pieces for you so even you understand what you have fallen in love with.EFCR is a diluter's dream. You'll never get a sustained rally with this"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172180
"Damn - EFCR is a basher's dream. I really hate doing this, but since you have decided to squat here and bash a real company like COVAD, here goes"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172186
"EFCR - you will buy any POS and then change your mind and become a basher."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172192
"Libya - gonna make you rich with EFCR?LOLOLOLOLThis bashing game is getting kind of fun"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172203
"Looks like EFCR has the ole paid pumpers.$17,000 for a crappy website mention.Would you like to predict the date of the r/s for EFCR?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172208
"Look at what EFCR started with when it was first mentioned on Jed's board and look at the fully diluted now after the toxics.You'll never see anything because 3 billion will be r/s.EFCR is the company you are pumping? Get off the COVAD board with your crap pump of EFCRROFLMAO"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172224
"What an idiot you are.EFCR was .20 range in July and it is now at .03 and falling soon to the next decimal point.and you want to bash covad?What a moron."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172232
"Aren't you one of the PLNI bashers who complained about "promises to negotiate?" promise for this, promise for that?Any penny stock can be bashed and EFCR is a real POS with huge bashing potential.Take a look at this PR. KazakhstanLibya stability LOLhttp://biz.yahoo.com/bw/051206/20051206005194.html?.v=1
No details - it's a joke - they talk about the field - in which they may have a MOU one day, maybe even some oil.SHOW US THE OIL YOU IDIOT"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172383
"I was just sick of moronic posts OT about penny stocks from a basher who bashes after selling at a loss.The whole premise of comparing a penny stock to this one is absurd.The guy doesn't even do a drop of DD, just runs with the crowd and so far, just on this board is 0 for 3 in his picks."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22176676
"LOL - how's that EFCR????Did you say it was in the TIMBERRRRRRRRRRRR business?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22176683
"No, but you're posting about value on a stock EFCR, that you have no idea how many billion shares that will be issued fully diluted. LOL"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22176692
"You, on the other hand, throw your money away on a POS like EFCR, even though you have no idea as to the number of shares the company has or will have given the filings and indications of massive dilution."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172234
"Anyone have the number of shares fully diluted after all the toxic convertibles? What's with all the shares issued for services on recent Forms 4?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172244
"Seriously, how can you invest or even gamble when you have no clue as to the capital structure here?It's one thing not to know if they will ever have any oil.You have some basics on which to start"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172250
"Am I reading those Forms 4 right? millions and millions of shares "for services?"Do you think they should be rewarded for shares "for services" when the stock price has been tanking?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172256
"Wow - just because shareholders suffer doesn't mean the insiders should.Looks like the insiders think this is worth no more than .025Reduce the price for them. Get 'em cheap."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172264
"Do you know what a toxic share structure is?Looks like there is no way to figure out how many shares you'll be competing with in your "gamble."Good faith estimate means - lots of shares each time they do a new registration. Can you say "billions"?this SB-2 is based on .053 and, of course, the stock has tanked about in 1/2 from that."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172270
"How can you gamble on just faith?There is nothing here but share issuance.Seriously, you have the nerve to bash another stock?Have you looked at the revenue or should I say "expense" statement?There is nothing here yet, other than a dream, a promise and you have the fricken nerve to bash other stocks?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172284
"Read the filings, pal. They are not going to get to any oil, 10 wells online, before the r/s. That's my opinion, but they can't keep going like this and losing shareholder support.You see that Jed, one of the most loyal shareholders, seems to have given up. I feel badly for him.Believe me, this is not pleasant to show you the errors of your ways. You're not even gambling. You're just throwing your money away.And you had the nerve to bash other stocks.Have you learned a lesson yet?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172296
"If you're gonna be a basher, you have to be really slimey and use the old businesses.How about that yacht business?Can you trust a company that goes from one business to another?Then take a look at the big international company they "acquired" with all those initial shares.Any oil? NOPE - Here's what they say they do - Talk about your BS - hope, wing and a prayer.. Yet, they give away shares and lower conversions and strike prices to insiders"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172307
"Got any equity?Do you know what it means when a company has "NEGATIVE EQUITY."Do you like reading that equity has increased? How about NEGATIVE equity?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172316
"They have nothing yet. No oil.You can't even figure out the fully diluted shares.OK - now let's assume you are correct and they start getting wells online. How do you pay for production? Yup - more shares.Let's see, do you need $500,000 to get things going? Given the dumping, I doubt the share price will be .01, but even at .02 is another 25 million shares that will have to be dumped. Right?Who is going to buy these shares given the history.These posts are all my opinion and based on the filings, but I just dont' see how the business plan works given the current corporate structure.Sorry."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172329
"This is your statement. It makes no sense. It's like buying a car and saying you don't care if it costs $50,000 or $100,000 because if you get to drive it for awhile, you'll go back to the dealer and ask him to reduce the price.You ARE dreaming. They are not going to give you back anything.They've been taking care of themselves, all the while the share price has been tanking. More shares. Lower conversion prices, lower strike prices.Are you seeing a pattern yet?It all translates into a tanking stock.THAT'S WHY THE STOCK PRICE IS TANKING!!!!"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172337
"Do you seriously think that you'll be cashing out at a dollar?What will the company be worth then? Pick a number of fully diluted shares - how many billionsx $1 and you're going to be pretty close to the biggest oil companies in the world.You and I both know that the solution is going to be reducing shares. If you think they are going to cut their shares, you are in "la la" land. Instead, you will likely see the proverbial and dreaded r/s.It's called screwing your shareholders."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172355
"Hey - despite all this, it's just my opinion that you will never make anything, and will most likely lose everything in EFCR.The only reason I did this exercise because you had the nerve to moronically and generically bash Covad and PLNI. You know nothing about investing. You go along with the crowd. YOu fell in love with PLNI, announced that COVad was crap.Then when the bashers came over to PLNI, you turned into a basher.Then you jumped onto EFCR, apparently w/o doing any research on it. You have a "wing and a prayer" that you will be saved with 10 wells. Pray, baby, pray.Not once did you have an original idea of your own.Get real - get informed - do some DD and you may even make some money some day instead of just trying to tear down other people's stocks.I hope longs here make money. I showed you that any stock can be bashed. But if you are going to do it, at least be effective and do your homework.They don't make good bashers these days.ROFLMAO"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172378
"Man, are you thick? I have no problem with penny stocks. I do DD 18 hours a day.You get into stocks and all you know is perhaps what industry it's in and that other people - capt or Jed - like it. Then when the bashers come in, you flee and then start pumping a new one.Weren't you the one that overheard some secret conversation on PLNI on the airline or something?Don't make me go find the post.Look if you're not going to do any real work, skip the wiseass posts about how badly Covad is doing AFTER you sell at a loss and then start posting OT about some new hairbraned scheme you have, first PLNI and then EFCR, which IMO is the worst of all 3."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172431
"Aren't you impressed with yourself?What do you think will happen with the 650 million shares that will have to be dumped here to pay for those wells, or should I say alleged wells?Whose gonna buy those shares?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22172455
"BTW - I'm not in PLNI and never was but I just thought you looked so ridiculous pumping it because you overheard a secret conversation on a plane and then bashing it and then falling in love with this penny stock after equally effective DD.And yes, I expect that the 650 million plus the current count to be only the start. How about a little bet that the share structure hits a billion shares OR there is a r/s on EFCR? I assume by now that you have taken a little peek at the filings and realize that when you look at all the preferreds, the convertibles, the warrants, the options and see the TOXIC nature of the convertibles, that billions of shares are likely in the future?Free and discounted shares for all, ooops I mean insiders."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22176681
"Seriously, you are writing opinions that relate to value and you have absolutely no clue as to how many shares this company has, how much will be fully diluted now or in the near future, considering the preferreds, the convertibles, the options and the warrants."


http://www.siliconinvestor.com/readmsg.aspx?msgid=22176686
"Can we hear a flushing sound? Is that the gas? Is this your best pump?"


http://www.siliconinvestor.com/readmsg.aspx?msgid=22176699
"I'm not bashing - just asking how you can pump a stock and have no idea what the fully diluted shares will be.Have you actually read the filings?I hope you buy some more. I'd like to see Jed get a better price on his shares."



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