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Did PSEC Hire Firm to Post on Message Boards?As that website reveals (link posted in previous message), Pristine Advisors is taking credit for assisting Prospect Capital in yesterday’s webcast and several other efforts. Posted on the left margin of the Pristine Advisors webpage are links to articles on several of Pristine advisors’ clients (of which Prospect Capital is only one client). Of the many articles published throughout the internet on Prospect Capital, only a handful of those articles have links posted on the left margin of the webpage for Pristine Advisors. At least one of the articles is an example of very critical articles written against their clients, but most of the posted articles are very favorable articles about their clients. In client Prospect Capital’s case, the neutral articles are missing (for example, all the neutral articles from Seeking Alpha and other media). Pristine Advisors seems to be taking credit for this handful of articles (very favorable to Prospect Capital) published in the news media. One of the recent examples posted on the Pristine Advisors webpage is the 3 June 2015 article entitled “Prospect Capital Seeks to Unlock Value with Spin-Offs,” written by Robert Karr and published by Market Realist. In other words, it appears to me Pristine Advisors arranged for Robert Karr to act as a shill writing a puff piece about Prospect Capital’s spin-offs. That apparently was NOT a product of independent, objective analysis to serve the investing community. Under the “Media Relations” services, Pristine Advisors advertises its services related to “Social Media Implementation, Maintenance and Surveillance.” That service indicates Pristine Advisors (as agent of clients like Prospect Capital) monitors message boards AND does “Maintenance” on those message boards. That website also indicates that Pristine Advisors (acting on behalf of clients like Prospect Capital) monitors social media for messages containing “Malicious statements from dissatisfied investors” and again does “Maintenance” (meaning Pristine Advisors either posts messages or hires people to post messages on message boards). Someone posted on the Yahoo board a cut and paste job written by Lawrence Meyers (another hack) for Business News. I believe that article is also the work (character assassination) of Pristine Advisors or perhaps even CEO John Barry, himself. The article is primarily about Jordan Wathen’s article about the litigation the taxi medallion lending industry filed against New York City. After bashing Jordan Wathen for being 25 (a heinous crime) and other similar atrocities (CHARACTER ASSISSINATION of the messenger), Lawrence Meyers INCORRECTLY wrote, “Jordan Wathen has consistently misrepresented the taxi medallion lending industry with his curious assertions that have no logical or evidentiary backing, and doesn’t seem to understand the purpose of lawsuits when it comes to public policy.” Hey, Lawrence Meyers, I’m a lawyer with a lot of trial experience, have prosecuted many criminal cases including capital murder and kidnapping, and have legal experience with civil cases involving medical malpractice and multi-billion dollar systems contracts, and I say character assassinator Lawrence Meyers is wrong and is way off base criticizing Wathen on that lawsuit. This personal attack on Jordan Wathen is the price Wathen has to pay for speaking truth to the Corrupt. Wathen has the facts while his adversaries attack him personally – for being 25, no less. By the way, Robert Dodd (stock analyst with Raymond James Financial, Jon Bock (stock analyst with Well Fargo), Christopher Nolan (stock analyst with MLV and Company), and Seeking Alpha authors, have voiced many of the same criticisms and same facts Jordan Wathen has used in his articles. See for example the transcript of the 5 February 2015 earnings conference call and compare those facts and criticisms with facts and criticisms also voiced by Jordan Wathen in his articles. MANY EXPERTS, NOT JUST WATHEN, ARE ZEROING IN ON THE FACTS EVIDENCING THE CORRUPTION AND WRONGDOING PERPETRATED BY PSEC MANAGEMENT. And Barry doesn’t like it. Does slick (who posts under numerous screennames) work for Pristine Advisors? If not, does slick work for a short seller or hedge fund, which occasionally arranges for slick to post messages defending Barry and Prospect Capital, especially when they are accused of criminal activity or other misconduct? Approximately a month ago, I wrote a message entitled “Thread from Barry to Slick,” which laid out the evidence that slick was continually DEFENDING allegations vigorously that Barry and the PSEC management had been engaging in criminal activity and other misconduct. I theorized that Barry had arranged with slick’s masters (some short seller or a hedge fund) to post messages defending these allegations. I believe this link (pun intended) to the Pristine Advisors website is the SMOKING GUN. The FBI and US Attorney often indict one or more suspects and get them to “flip” on others to shave off time from their jail sentences. Now, it is ILLEGAL to post intentionally on a message board false information about a publicly traded company. As has been shown many times, slick intentionally posts false information about Prospect Capital even after it has been demonstrated to slick that his information is false. Slick just waits a day or so and then posts that same false information again. Wouldn’t it be a shocking surprise if we woke some morning to read from the US Attorney’s criminal complaint filed in the US District Court that a named criminal defendant has been indicted for posting false and misleading statements on the PSEC Yahoo message board under dozens of screennames starting with “slicktop4?” It could happen if Barry gave up names, which in turn gave up other names, which eventually led to the criminal defendant posting as “slicktop4.” Wouldn’t it be shocking if the FBI got a subpoena to go to the ISP of “slicktop4” and his dozens of screennames and discovered the real identity of the individual? Wouldn’t it be shocking if the FBI got a subpoena to search slicktop4’s checking account records, telephone records, email records, internet activity, computer files, broker account records etc. without slicktop4’s knowledge? Wouldn’t it be shocking if the FBI tapped slicktop4’s telephone? If the FBI were to take out slicktop4, this Yahoo message board would be pretty barren with only a handful of postings each day. The next earnings conference call will be right after the 10-K is issued late August. Here are some questions the stock analysts should ask: How much did Prospect Capital, Prospect Capital Management, CEO Barry, COO Eliasek, or CFO Oswald pay Pristine Advisors during FY2015? How much did Prospect Capital, Prospect Capital Management, CEO Barry, COO Eliasek, CFO Oswald, or Pristine Advisors pay Robert Karr and/or Market Realist to publish that 3 June 2015 article entitled “Prospect Capital Seeks to Unlock Value with Spin-Offs?” Did Prospect Capital, Prospect Capital Management, CEO Barry, COO Eliasek, CFO Oswald, or Pristine Advisors have anything to do with Lawrence Meyers or Business News on that article critical of analyst Jordan Wathen, one of the frequent critics of Prospect Capital and its management team? How much did Prospect Capital, Prospect Capital Management, CEO Barry, COO Eliasek, CFO Oswald, or Pristine Advisors pay other individuals and or media to publish articles favorable to Prospect Capital during FY2015? Does Pristine Advisors write articles favorable to Prospect Capital or its officers, give the text of such articles to other individuals, and allow those individuals to take credit for authorship of such articles when they are published? Did Pristine Advisors or one or more of its agents during FY2015 post on Yahoo message board (1) messages favorable to Prospect Capital, Prospect Capital Management, CEO Barry, COO Eliasek, or CFO Oswald, (2) messages defending them from allegations of criminal activity, other misconduct, or collecting exorbitant management fees, or (3) messages that are FALSE AND/OR MISLEADING? |
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