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10-24-2007, 09:17 AM
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#1 (permalink)
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Status: @ MMASpot.net Join Date: Jun 2006 Location: VA Posts: 7,189
|  M-1 Possibly a Scam?
http://fightlinker.com/?p=796 Quote:
Let’s ignore for a moment that M-1’s main financial backer Michael Baybak is part of a religion that has a reputation for bilking it’s members of all their money. I’m not the religion expert, so I’ll let Jake deal with that specific issue. What I do want to talk about is how this guy also has a reputation for artificially boosting his stocks and then selling as soon as they’re high:
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Neither man agreed to be interviewed for this story, yet both threatened legal action through attorneys. “What these guys do is take over companies, hype the stock, sell their shares, and then there’s nothing left,” says John Campbell, a former securities lawyer who was a director of mining company Athena Gold until Baybak and Gerbino took it over.
| The article this came from goes on in detail regarding many of the operations Baybak has been in that have collapsed and deals that have fallen through as a result of misrepresentation. Baybak actually sued Time regarding the article and as a result Time added the following caveat to the article: that they were not accusing Baybak of illegal activity or of being a “Scientology front.”
I’m not about to put my ass on the line with lawsuit-happy Scientologists … as with everything on this site, it’s my uneducated opinion and I provide links to facts that should be taken with a grain of salt based on their origins. All I’m going to say for sure is that at first glimpse M-1 seemed pretty shaky and at second glimpse it’s starting to look downright sketchy. If it wasn’t for Monte Cox at the helm I’d have already written this organization off as complete trash. As it is, I’m still damn skeptical that they’ll even manage to pull off a single event.
| If anyone watched the IFL stock, this is a possibility. It started pretty low and then sky rocketed to $12 a share on the hype of the IFL and now it has come down to $0.50-$0.35.
note: I am not saying that is what the IFL did but their movement shows what kind of money could be made hyping an MMA stock and then selling it.
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10-24-2007, 09:20 AM
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#2 (permalink)
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Status: hmmm Join Date: Aug 2006 Location: Canada Posts: 554
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Scientologists are backing M-1? I'd definitely steer clear.....
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10-24-2007, 09:31 AM
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#3 (permalink)
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Status: Still has that new car smell.
 Join Date: Jun 2005 Location: Valéncia, Spain Posts: 8,694
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Quote: |
Originally Posted by Clint http://fightlinker.com/?p=796
If anyone watched the IFL stock, this is a possibility. It started pretty low and then sky rocketed to $12 a share on the hype of the IFL and now it has come down to $0.50-$0.35.
note: I am not saying that is what the IFL did but their movement shows what kind of money could be made hyping an MMA stock and then selling it. |
Damned good post. That is interesting stuff.
Some good comments from that page: Quote: |
The guy also did business in the VSE (Vancouver Stock Exchange). To a Vancouverite like myself, that’s big, honking red flag. Just google “vancouver stock exchange+corruption” and see what you get. At one time in the 90s, it was considered the most corrupt stock exchange in the world. Not G-8, not OECD 20, but the world. More food for thought on the M1 deal.
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FEDOR VS LORD XENU 2008!!!!!!!!
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The real problem is that you’ve all got body Thetans all up in your shit.
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__________________ Wibblywobblywonder
14-4 Sig Bets
Last edited by Noob; 10-24-2007 at 09:34 AM.
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10-24-2007, 09:31 AM
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#4 (permalink)
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Status: ALPHA Join Date: Jul 2006 Posts: 4,379
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Well from what I heard on the Farrel show Roman Abramovich has shares in it also and IF this is the case and this Bayback screws him over. There will be some dead guy lying in the middle of some frozen lake named Baybak. Roman has money tons of it and some say its real dirty money if you get my drift. So I don't know only time will tell.
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10-24-2007, 09:38 AM
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#5 (permalink)
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Status: Camp Sitnarong Join Date: May 2007 Posts: 412
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As stated Roman's not a guy to be messed with. If he is involved then you can expect him to break out his wallet to bring in the big names ,just like he has and continues to do at Chelsea Football Club (somewhere in the region of £100 milion+ in his first year or so in charge).
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10-24-2007, 09:39 AM
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#6 (permalink)
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Status: @ MMASpot.net Join Date: Jun 2006 Location: VA Posts: 7,189
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I wonder what L Ron thinks of all this?
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10-24-2007, 09:57 AM
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#7 (permalink)
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Status: REAR NAKED MOUNTER Join Date: Sep 2006 Location: charlotte Posts: 305
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how can you be involved in scientology and MMA? Doesn't pretty much every fighter end up in the hospital at some point????? Be funny to see m1 come down bunch of steroid suspensions.
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10-24-2007, 10:01 AM
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#8 (permalink)
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Status: Banned Join Date: Sep 2007 Location: The Apollo, SEA ORG Flagship Posts: 164
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Originally Posted by dudefella Scientologists are backing M-1? I'd definitely steer clear..... |
Hey now. Quote: |
Originally Posted by J-diggler how can you be involved in scientology and MMA? Doesn't pretty much every fighter end up in the hospital at some point????? Be funny to see m1 come down bunch of steroid suspensions. |
What are you saying, you fool? All true Scientologist are trained from childhood in the martial arts in order to defeat the Evil Lord Xenu.
Last edited by Bullock; 10-24-2007 at 10:04 AM.
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10-24-2007, 10:04 AM
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#9 (permalink)
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Status: Still has that new car smell.
Join Date: Jun 2005 Location: Valéncia, Spain Posts: 8,694
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L. Ron. I have no desire to question your divine wisdom, but for the sake of those of us at lower OT levels can you refrain from double-posting?
Double-posting encourages body thetans.
__________________ Wibblywobblywonder
14-4 Sig Bets
Last edited by Noob; 10-24-2007 at 10:05 AM.
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10-24-2007, 10:07 AM
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#10 (permalink)
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Status: Banned Join Date: Jul 2006 Location: Dorsia Posts: 10,241
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Good ole L Ron.
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