There was a very interesting post last night on Investors Hub concerning what many believe is the use of multiple aliases by Mr. Steven Samblis, CEO of Imagination TV (IMTV). It is shown below because it was apparently deleted shortly thereafter the poster posted the message. Perhaps Mr. Samblis is hitting the TOS violation button because he doesn’t like the speculation and discussion on the subject. However Friends has commented on this subject numerous times before, and believes that if, or when, an investigation is commenced into the subject, the truth will become known. Here is the post: (as always, click to enlarge)
If the speculation is correct, and many think it is, Mr. Samblis must be so arrogant as to think he is smarter than the SEC. Even after having been once cited by the SEC for improper activity, apparently he thinks they will never be able to prove he is actually the person behind all these aliases. In other words, Mr. Samblis apparently thinks he is smarter than everyone else. If it is really him, he is thumbing his nose at the SEC.
The poster (shown above) indicates that they feel the activity is “pathetic at best and entertaining at worst“. Actually, as indicated in our previous post here, the worst would be that it is illegal activity. See the excerpt from the SEC regulations below:
Specifically note section 2a where it states “It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange, (a) To employ any device, scheme, or artifice to defraud, (b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make statements made, in light of the circumstances under which they were made, not misleading, or (c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in conjunction with the purchase or sale of any security.”
The SEC regulations were aimed at prohibiting “any manipulative or deceptive device or contrivance.”, which basically means, any intent, action or vehicle, such as message boards, to contrive a scheme to mislead others. Certainly the posts of mrighttrade, dotd, zurich, Bzippy, FLWright , SunTzueyes, HouseSmith, CVeradero, and now QueFine would qualify as a scheme to mislead, should those aliases in fact be Mr. Samblis.
Perhaps, in light of that regulation, and the specificity of the intent, readers can see why a CEO, if they were engaging in such activity, would be sensitive about any discussions surrounding such. One can only imagine the negative repercussions of being found guilty of such activity, and possibly more so if that CEO had been previously cited by that same authority. Readers can now certainly understand why Mr. Samblis is so adamant those aliases are not his.
But… readers are not stupid. They can easily refer back to those aliases and notice the content, context, word choice, and specificity of responses, and draw their own conclusion as to who they think is actually behind those aliases. It is assumed some have already brought this to the attention of the SEC. Perhaps, the SEC is already looking into this issue. The SEC rarely, if ever, comments on ongoing investigations, so it is entirely possible they have been collecting data for a while. After all, the posts are public for all to see.
Should you decide that the above should at least be investigated by the SEC, here is the link to their complaint page. The SEC treats all tips, complaints and referrals as confidential and nonpublic, and does not disclose such information to third parties, except in limited circumstances authorized by statute, rule, or other provisions of law (i.e. court order). There are also additional confidentiality protections if you so desire. See the enforcement tips page here for details.
There is an excellent quote from Edmund Burke… “The only thing necessary for the triumph of evil is for good men to do nothing.”