SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : TheStreet.com, Inc. (TSCM)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: StockDung3/2/2006 10:29:52 AM
   of 1821
 
Cramer Never Sold Stock before Subpoena - Proof Inside
Location: Blogs Dave Patch's Blog
Posted by: dpatch 3/1/2006 5:46 PM
Jim Cramer Never sold stock until ….. Subpoenas were served and I have the proof …or the lie.

thesanitycheck.com

This dialogue comes through a response between myself and TheStreet.com as they were attempting a lawsuit for defamation for saying nasty things about poor old Jimmy. It is amazing what people say that they will regret later.



Without further adoo.....





From: Jordan Goldstein [mailto:Jordan.Goldstein@thestreet.com]
Sent: Saturday, January 07, 2006 2:44 AM
To: David Patch
Subject: Re: STOCKGATE TODAY: Regulation SHO; Results Leave Questions More than Answers (corrected)



The filings are accurate -- perhaps you're confused by the definition of beneficial ownership as used in proxy statements. Also, Form 4s have not always been electronically filed -- that is a relatively recent requirement. I suggest you read the filings carefully -- it is not my job to do your research for you.

I don't know any more ways to tell you that you are wrong. Cramer has not, directly or indirectly, SOLD any shares of TheStreet.com. As I indicated previously, he has transferred shares to various trusts, but the indirect beneficial ownership is still his, I believe. He has two young daughters and has done some estate planning. But I am not his personal attorney and I do not have details. They're most likely private anyway.

You seem to have this turned around in your head. If you have evidence that he has sold and not reported it, then go ahead and print it, if you're sure it's right. But if it's not true, you'll be in more hot water.

As for the rest of your email, again you have it backward. You are the one who attacked the character and integrity of Cramer and our other employees. Your attack was distributed far and wide over Factiva. My response was in a private letter to you and your publisher, Investrend. It contained a strong defense of those you have attacked. I did not choose to publish it to the world; you have your publisher to thank for that. In my experience, these things are dealt with in a very different way, with a private exchange of correspondence, often hostile (these disputes are rarely nice), some phone calls, and then a correction of the offending matter, if warranted. Never have I seen things forwarded to other parties and posted on message boards, etc. If you don't like the tone of this dispute, you have only yourself and your so-called allies to thank.

I sincerely hope you learn something from all this.

Jordan Goldstein

Jordan Goldstein
Vice President and General Counsel
TheStreet.com, Inc.
14 Wall Street
New York, NY 10005
Tel: (212) 321-5475 (direct)
Fax: (212) 321-5013
jordan.goldstein@thestreet.com



So if Jimmy never DIRECTLY or INDIRECTLY sold a share of TSCM, what is he doing selling stock ( finance.yahoo.com between a subpoena and dissemination that a subpoena has been served not only to him but to the company itself?



Such a coincidence. Over five years and not a share. Now, in the midst of a potential catastrophy, a few well placed rumors, and the doubling of the stock value shares of TSCM are flying off the shelves of insiders and large shareholders alike.



The memo speaks to itself I cannot do any more justice than that of the General Counsel of TheStreet.com.



Hell is near, I know it, I can smell it, so lets make some money!



I sincerely hope Jimmy learns from this experience. LMAO


Permalink | Trackback

--------------------------------------------------------------------------------
Comments (23) Add Comment
--------------------------------------------------------------------------------
Re: Cramer Never Sold stock before Subpoena - Proof Inside By jcline on 3/1/2006 5:53 PM
Dang.....There is that sound again.................

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By eager on 3/1/2006 6:15 PM
This sounds exactly like the same thing the SEC got Martha to begin with. Wonder if someone else will make the same mistake by purgery. They say history repeats itself.JMHO

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By rtway1 on 3/1/2006 6:51 PM
Dave I went back in hitory by using big charts.com and used their profile section and kept hitting MORE on bottom of page and it brought me back to all kinds of stories and articles about Jimmy and Herbie and the company. I got all the way back to 1999. Cramer has had his share of embarassing moments and some of his business acquaintances really disliked him and wrote books about it. This company smells like left out week old beef. However it was quite amusing shows his arrogance and contradictions. I think all shoul take a stroll down memory lane and read about this prestigous company that went from $70 a share to $2 in a couple of years, and stayed in the 2 to 4 range for years.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Mark Faulk on 3/1/2006 6:52 PM
Patch....my offer to buy you a few rounds anytime you're in the Midwest has a lifetime, no expiration guarantee. You are a unique individual,and I have to confess that having you in our corner is a big part of what makes me feel secure in our crusade. I know you'll laways have the facts to back up anything you say....unlike a few (Greenbeg) unamed (Cramer) individuals (Remond) who can't seem to back up any of their rhetoric.

And my email suggestion to you to send this info to the SEC with the heading "Remember Martha Stewart?".....I was serious.

Our country owes you a debt of gratitude.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Patchie on 3/1/2006 6:57 PM
Mark,

The mid-west is kinda funky for me, how about a neutral zone like....Mexico, Bahamas, Hawaii? Some place warm that a beer really is a beer.

This Cramer thing is one sad state of affairs however. It will be submitted to the NASD and SEC in a formal complaint. Let them figure it out.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Patchie on 3/1/2006 6:59 PM
rtway,

Most in the business HATE cramer including CNBC folks. He doesn't take the job seriously, he is arrogant, and well...they just hate him. Unlike us, they just can't take that hate public. GE won't let them. the whole TEAM thing and all.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Mark Faulk on 3/1/2006 7:07 PM
Don't you mean "the whole RATINGS thing and all"? Cramer is the Howard Stern of CNBC....and that's NOT a compliment.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By ajchin on 3/1/2006 7:09 PM
Cramer is an arrogant stock manipulating crook..He thinks having a Harvard law degree is a license to fool people..no more ..he is soon getting orange suits with a new email ID JIM_CRAMER@FED_DETENTION.GOV

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By browntrout on 3/1/2006 7:18 PM
I think ya got it right Patchie! Now someone needs to prove how they pumped the buy-out rumor and what puke hedge funds and firms are supporting the stock so they don't look so bad now that the news is out. First Gradient/Rocker gets investigated by the SEC. He sells. Jimbo and TSCM get subpoenas and they sell. No announcements to the public? They will claim it is not material but if I owned shares I would file a complaint immediately. Being a political animal maybe Cox at the SEC will start making the right decisions before he destroys his own career. Throwing out Rocker, Cramer and Herb might be the politically correct thing to do now Who knows? All we can do is keep pressing.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Patchie on 3/1/2006 7:23 PM
browntrout,

The fun for us has just begun. Years of misery wil be replaced by having our way on the devils own soul

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By dave on 3/1/2006 7:30 PM
Mark and Dave, let's plan a celebration party somewhere warm in the fall, once the share counterfeiting has been cleaned up.

I'm serious - let's make that our goal. Kind of like our own self fulfilling prophesy. I've also followed this for about six years and am sick of waiting for someone else to fix it. Everyone on this site has to do their part to ensure this is fixed in the next couple months.

Dave Patch, you were a lone voice in the dark for a long time and we all owe you a debt of gratitude. Now the snowball's rolling and she's gaining a momentum that is hard for anyone to stop.

Each new voice: Bud, Jim, Mark, Mary, Bobo, Patrick and the various lurkers here has made the movement stronger and there are going to be more voices added every day.

Mark, I first read your terrorism post when the SEC cancelled the NASD rule THAT WAS WORKING!!! I like your writing on this and other subjects.


--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Patchie on 3/1/2006 7:36 PM
Dave,

You have a timeline. That is good. that was the only piece of teh pie missing.

Lets party - start thinking of some warm climates.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Admiral Ackbar on 3/1/2006 7:44 PM
Maybe we can find a TSCM shareholder and have them file a lawsuit ala Millburg Weiss.
That would be a justifiable riot.

BTW as a flatlander myself I have to confess there are some great local midwest brews..

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Patchie on 3/1/2006 7:49 PM
midwest itself ain't bad - sister in Iowa - it is the weather. boston/mid west this time of year sucks. brews are to be drank with Bikini's in view.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By dave on 3/1/2006 8:16 PM
I'd like to go somewhere nice and spend some of our short squeeze profits as share prices return to a level that reflects true supply and demand. A blog on where we should party might really help people crystallize the goal.

The rate of new blog posts is increasing, the rate of comments is increasing, news coverage is increasing, regulators are investigating and lawsuits are flying. It's looking good, but now is the time for everyone reading this to poll out the stops. Now is not the time for us to be complacent.

The most important thing we can do is tell other investors and spread the thesanitycheck.com URL. Post it to every stock board you can find and consider putting it in the signature line on your outgoing emails.

New voices and new blood will give us even more strength.


--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By rtway1 on 3/1/2006 8:20 PM
I honestly beleive Cramer has a little man complex or Napoleon complex, and i ain,t a shrink. But watch him when some female says he is cute or manly and he looks like a Ciallis commercial. I think in so many words he,s nuts. But a cunning and hurtful nut with no scruples. Pattch you got a great outlook man. Mark get to bed and finish that book.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By tbs_theman on 3/1/2006 8:30 PM
Dave

Another good job. Tic...Tic...Tic..

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By LegalEagle on 3/1/2006 8:43 PM
The e-mail from TSCM general counsel is dated 1/7/06. The sales were not made by JJC, individually, but rather, from the James J. and Karen L. Cramer Family Foundation, and were made after this date. Much Ado About Nothing. Is this the best you can come up with on JJC? Little League stuff, really.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Mark Faulk on 3/1/2006 8:50 PM
"Get to bed and finish that book"? Sounds like someone who knows me all too well.

Dave.....it was 90 degrees here in Oklahoma today, I could have put on my bikini and had a couple in the backyard if I wasn't so busy.

On a serious note, we do have them on the ropes here, and I agree, this is definitely not the time to be complacent. We have to take them out while it's in the headlines. I've seen too many issues come and go with no more than a lot of posturing while it's newsworthy, and then nothing concrete happened to resolve it after the show is over.

Okay...I'm going to bed now, and this is early for me.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By lenofus on 3/2/2006 3:09 AM
Yesterday morn, Joe Kiernen looked like a man who knew he lost his job. They resented Cramer, and now JC and his buddy are going to take down a whole network. That is about the best thing they ever did, because it sucks.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By Patchie on 3/2/2006 3:36 AM
LegalEagle,

What part of Directly or Indirectly do you not understand. The memo states he sold neither. Now this may be walking a fine line here but, Cramer excersises options and sells. He could have purchased those shares but no, he sells. that is the sale of securities. Cramer takes other securities he OWNS, transfers them to his kids, and then sells them in their name. Gee, that is not selling either.

What I find amusing in all this is that the Executives of TheStreet.com and the number 2 shareholder are ALL dumping shares at a time where some 'rumor" comes out that nearly doubles the stock. The rumor of course has died down, and the selling needs to occur so....why not issue a dividend. That gets buyers into a stock.

What day did that news come out - Feb. 21. Did you look at all that selling from insiders after Feb. 21st? Notice how the stock jumped on teh news as did the volume.

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By stormchaser on 3/2/2006 6:05 AM
Oh my...It aint fun being in a 15x10 cell with bubba......

--------------------------------------------------------------------------------

Re: Cramer Never Sold Stock before Subpoena - Proof Inside By jcline on 3/2/2006 7:07 AM
Mark.... "The mid-west is kinda funky for me"...

damn Yankee's

ROTFL!

--------------------------------------------------------------------------------


Your name:
Title:
Comment:

Add Comment Cancel
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext