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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Solar Power Breakthrough Fraud
Enviromental Headlines; Climate Changeandyn writes:

Re: the news item about the supposed solar power breakthrough, a Google of the company name (International Automated Systems Inc.) turned up the following from a Stanford Law School class action info site: (http://securities.stanford.edu/1009/IntlAutomated96/)

Conclusion: According to the firm's 10-K dated 10/13/1999, on July 2, 1996, the Company had a class action lawsuit filed against it by shareholders. The class action was brought on behalf of all persons and entities who purchased shares of common stock from May 13, 1996 to June 27, 1996. In April 1999, the lawsuit was settled with the Company agreeing to pay $170,631 for shareholder losses and associated legal fees. The $170,631 liability has been accrued in the accompanying financial statements as of June 30, 1999.

According to a Press Release dated 7/8/96, the complaint charges IAS and its President, Neldon Johnson, with violations of the federal securities laws. Plaintiff specifically alleges that defendants artificially inflated the price of IAS common stock by issuing false and misleading statements regarding the company's introduction of a purportedly new and revolutionary communications technology called Digital Wave Modulation.

Posted on Tuesday, August 30 @ 19:17:33 PDT by Leanan
 
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Most read story about Enviromental Headlines; Climate Change:
The Natural Gas Crisis: Greens Engineer Another Disaster

 
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Re: Solar Power Breakthrough Fraud (Score: 1)
by MicroHydro on Tuesday, August 30 @ 22:53:20 PDT
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This is the third time that these pump and dump criminals have spammed the forum.  I previously started a thread on IAUS, "Alternative Energy Stock Frauds Multiply".  I also PM'd Carrie, and Graeme (who were victims before Leanan), and here the scoundrels are back again.


Carrie suggested that perhaps Guests could be barred from submitting news.  I think this is a good idea.




Re: Solar Power Breakthrough Fraud (Score: 1)
by incommutable62 on Tuesday, May 30 @ 23:49:09 PDT
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