Guestlogix really is a sham, says Mesher
2015-07-29 12:06 ET - Street Wire
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by Mike Caswell
Former Descartes Systems Group Inc. chief executive officer Art Mesher has responded to a defamation lawsuit he faces from Guestlogix Inc. over on-line postings, and he says everything he wrote about the company was true. He claims Guestlogix was indeed a sham, and even if it was not the company had a generally bad reputation. It was managed by a president who routinely behaved as a "hostile blowhard," Mr. Mesher contends.
Mr. Mesher is responding to a lawsuit Guestlogix filed against him in the Supreme Court of British Columbia on May 7, 2015. The company complained about an anonymous and malicious campaign that Mr. Mesher mounted against it using the alias fraudfinder. He posted a series of messages in the Stockhouse forums that called the company a sham and a "pumped and dumped asset," and said it had a "wind bag blow hard ceo who can't deliver anything but a press release."
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I am a shareholder of GXI and a holder of débentures. Both are down...!
I will reconsider my subscription to Stockwatch!
Yvon-L. Roy
@ Yvon-L ROY
"This kind of publication"?
This is a factual, well-researched and -written article about a response to the lawsuit filed by Guestlogix on May 7, 2015. That being said, it would seem that "I am a shareholder of GXI and a holder of débentures. Both are down...!" likely motivated you to come here and snivel about the money which you say you lost on your over-priced shares and debentures.
It would seem that the posts were made on Stockhouse over a two-week period in late February and early March of 2015. Using the trading pattern of GXI between that period of time (Feb. 23 to March 6), it's apparent that the share price fluctuated between 84 cents to 77 to $1.03 to 87, giving savvy investors ample opportunity to exit on the uptick.
However, looking back to the late July to September, 2014, period, it would seem that the slide from $1.26 to 98 cents occurred long before Mr. Mesher made his first post on Stockhouse.
Ergo, it would seem that his posts were either not viewed by many readers on Stockhouse or else were viewed by many and not believed (I suspect the former, as this wass a Stockhouse bullboard where the posts appeared!!)
Based upon the above, GXI shouldn't have sued. IMO, they should have hired Mr. Mesher to continue posting in the hope that the share price would continue to gel. That, IMO, would have been a better use of shareholder and debenture-holder funds rather than to use those funds to sue a bullboard poster who seems to have kept the vagaries of the market at bay for a considerable period of time.
If you want happy stories, try Hans Christian Anderson's fables. For grief...invest in the stock market.
Third star to the left and straight on till morning
Posted by Harpinder at 2015-07-29 23:53
What a pound puppy! But as is always the case, there is no hope for the wickit mister picket.
Posted by Phat Dean at 2015-07-30 13:14
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