Roger Cadenhead is a big liberal. On the “editorial board” (whatever the fug that means) of the Drudge Retort, self-confessed One Life to Live aficionado, and writer of many posts that end in an exclamation point (that means it’s supposed to be funny or important but frequently neither).

Regardless, somebody must have left the toilet seat up after they ripped him out of some blog ad money cause he’s coming up Trotsky against the Kossacks:

I’ve been trying to pin down MyDD founder Jerome Armstrong’s stock-related activities in 2000, when the SEC alleges that he touted a Chinese Linux company called Bluepoint on Raging Bull without disclosing that he’d received $20,000 in stock from the company’s management.
Though Armstrong’s message board postings related to Bluepoint are no longer available on Raging Bull, I found dozens of messages on the InvestorsHub site in which he promoted a related company before a merger, never revealing he was issued 25,000 shares in the deal.
[...]
From September 2000 to March 2002, Armstrong posted 95 messages using the account myDDdotcom on AccessTel’s InvestorsHub board. He predicted great potential for its technology and a big increase in price, deriding critics as “bashers.” He never mentioned his relationship with the company, which was formed by some of the same executives who created Bluepoint.

On the same day as the merger, Armstrong announced that he had just bought 250 shares of the company:

“… i did DD call quite a bit this weekend, and am satisfied to continue holding, patient for their plan to become widely known. Today I just bought a whopping 250 shares in my son’s (Jackson) educational IRA that I just set up for the toddler, hope it grows as much as he is.”

Look out for guys named Ramón, Rog. If The New Republic’s a bunch of neocon traitors you’re just a few skips away from The Great Townhouse Cracker Purge of 2006.

Playing up that you’re buying a “whopping 250 shares” while not revealing that you own 25,000 shares for a company where you know the owners and that’s now worth fractions of a penny. Is it legal? Maybe. Is it ethical? Definitely not.

Cadenhead ends with MyDoubleDouché bragging about how the SEC usually doesn’t care about some frauds for trying to sucker people into infusing cash into a failing company – but dragging his poor, little son in it? That’s just wrong.

Et tu, Douché?

If the entire thrust of Cadenhead’s post wasn’t just a continuation of his Thursday post to send up red flags to save Atrios or Talking Points Memo from getting shook down for rough sex, I could have given it a higher review.

And as entertained as I may be by the internecine bloggertory infighting spurred over Astrotard Armstrong, I’m condemned to issue a respectable 3 out of 5 cat scratches.

Share This entry was posted on Monday, June 26th, 2006 at 12:53 am and is filed under Bedwetting Leftists, Bloggery. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.