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AOL
insiders rush to sell their stocks
http://www.tbrnews.org/Archives/a1925.htm
Editor’s
Note: When we ran an article from a British financial news letter on
October 14, last, a Friday, concerning AOLs friendly cooperation in
permitting the DHS to snoop on their subscribers, we received a sharp
note from a Mr. Feinstein, head of spy-ware, from AOL on the following
Monday, stating categorically that the “article was a hoax” and that
there was no such
Department of Commerce memo ever issued; that there was no such British financial news
letter and no such
writer as was credited in the article. We were then strongly requested
to publish a retraction and remove the article that offended AOL We
responded to Mr. Feinstein and informed him we would be pleased to do
so on the condition Mr. Feinstein
provided us verifiable proof that his three disclaimers were correct.
To date, October 21, Mr. Feinstein has declined to provide us with
anything It should be noted, as has been posted on various websites,
that Feinstein works for AOL. What else could one expect him to say?
AOL does not have a reputation for veracity so the burden of proof now
lies with them. .
An
interesting point is that the story was only available on tbrnews on
Saturday, October 15, and yet on Monday, October 17, Mr. Weinstein
wrote to us with his declarations of fraud and hoax. The question does
arise as to how AOL could have obtained from the very large and complex
Department of Commerce, such information when that agency is closed
over the weekend? And how did AOL determine that there was no such
British newsletter over a two day period? Are there lists available
only to AOL that show all the tens of thousands of UK news letters? And given
the enormous number of UK writers now extant, how
could Mr. Finestein, or even a mindless blogger, determine that no such
writer ever existed? Does AOL, (a wholly-owned subsidiary of
Time-Warner) really run, as has been repeatedly alleged, a world-wide
espionage organization, sending reams of data gleaned from its millions
of subscribers to various intelligence agencies in both the U.S. and Israel? Or supplying
important in-house business information, gleaned from subscribers, to
other firms in their favor, or in the favor of the Bush Administration?
In the
absence of any valid proofs from Mr. Finestein, it is reasonable to
believe that there are no such
verifable proofs and that the article, which claimed that
AOL was in collusion with the DHS to snoop on the emails of all their
subscribers was entirely correct.
In the meantime, we have been investigating AOL and in the process,
have amassed reams of concrete information and are planning to publish
an ongoing series of informative, and completely credited, remarks
about their past and present business practices. Ed.
AOL Executive Insiders
Rush to Liquidate their Stock!
http://www.marketwatch.com/tools/quotes/insiders.asp?siteid=mktw&symb=TWX&sid=1568670&time=8
October 21, 2005
MarketWatch
|
Date
|
Name
|
Shares
|
Stock
|
Transaction
|
|
12/15/2005
|
STEPHEN M CASE
Affiliated
Person
|
2,800,000
|
TWX
|
Proposed Sale (Form 144)
|
|
|
|
12/12/2005
|
MILES R GILBURNE
Director
|
62,699
|
TWX
|
Proposed Sale (Form 144)
|
|
|
|
11/22/2005
|
KENNETH J NOVACK
Affiliated
Person
|
168,000
|
TWX
|
Proposed Sale (Form 144)
|
|
|
|
10/17/2005
|
MILES R GILBURNE
Director
|
10,000
|
TWX
|
Open Market Sale
proceeds of $180,481.00
|
|
|
|
10/11/2005
|
KENNETH J NOVACK
Director
|
12,000
|
TWX
|
Open Market Sale
proceeds of $214,238.00
|
|
|
|
10/11/2005
|
KENNETH J NOVACK
Director
|
12,000
|
TWX
|
Exercise of Stock Options
at cost of $135,000.00
|
|
|
|
10/10/2005
|
MILES R GILBURNE
Director
|
10,000
|
TWX
|
Open Market Sale
proceeds of $179,900.00
|
|
|
|
10/04/2005
|
KENNETH J NOVACK
Director
|
12,000
|
TWX
|
Open Market Sale
proceeds of $217,830.00
|
|
|
|
10/04/2005
|
KENNETH J NOVACK
Director
|
12,000
|
TWX
|
Exercise of Stock Options
at cost of $135,000.00
|
|
|
|
10/03/2005
|
MILES R GILBURNE
Director
|
10,000
|
TWX
|
Open Market Sale
proceeds of $181,100
|
Comment:
Perhaps we can now expect to hear a loud denial from AOL
Spokesinidividual, Feinstein, claiming that the MarketWatch multiple
postings about major AOL financial disintegrations are all hoaxes and
entirely incorrect and should never have been printed. As seems to be
the pattern, other AOL employees will post sycophantic secondings and
spend the rest of their responses praising AOL for its superior
service. On the other hand, irate bloggers, furious that they didn’t
think of this first, will join in the croaking frog chorus of praise
for AOL. These bum-bussers can easily expect to get free service for a
year from AOL…and then be double-billed for two. Advise to our
readers: If you have AOL as a server, get another server. AOL’s
customer phone service is located in India, which partially explains
the extreme difficulty American subscribers face in getting a bored
employee to even listen to them, let alone be able to carry on a
coherent conversation in English. America Online? More like
the Third World Online Ed.
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