Good luck with your new venture. I look forward to the first breaking story.

Sounds like an exciting project - I look forward to some interesting news!

A very warm congratulations to Mark and Chris. Looking forward to your first exciting story.

Highly anticipating the first story.

If there is that much corruption out there, I thank You for exposing such scum.

Your "boiler room" series in the Post Dispatch was powerful. This seems to be the perfect format to expose these scams.

I'm very much looking forward to what ShareSleuth will be doing! Congrats on the launch.

I'm actually having a bit of problem subscribing to your feed using Thunderbird, any change of setting up a Feedburner or RSS feed?

I do hope that you will be very successful in your endeavors. Anything to increase the integrity of the business community.

Will you be undertaking subjects that relate to the reporting of economic indicators? As a small example. The federal governments monthly new housing numbers. Not incorrect per se, but very misleading. Using a very high margin of error allows them to get an unrealistic number into the headlines.

I wish you the best of luck Mr. Carey with this long needed endeavor. I'm looking forward to your findings.

Just caught wind of this. I share your advocacy. May
your venture prove educational and pervasive.

Just what the doctor ordered!!!

There will never be another Enron! Power to the people!

Thanks and Congrats, you have all my support!

HBEric

Congratulations Chris on this important new initiative in the fight against boiler rooms and investment fraud. Good luck from your friends at www.boiler-rooms.co.uk

Chris, congrats on your launch! Looking forward to reading more!

its about freakin time... absolute best of luck with the venture

I am really glad there is another web site dedicated to share fraud. Well done.

Congratulations! Much needed.

Congats to all
hope this really is
a group that is looking for a "fair playing field"
trading market
Mark we look forward to working with you

Congrats on the new venture. Finally some honest, straight forward, information for us "regular" investors. Thanks for the hard work.

I applause with both hands and feet the birth of this site, and your initiative to fight investment frauds. I look forward to reading your reports.

Congrats and good luck!

Good luck Chris

I hope to become a frequent contributor :-)

Hello Christopher and Mark,

And, yes indeed, welcome to the jungle!

It will take (many) more of us to expose all the fraud, so any help is welcome.

Good luck.

Marc

Congratulations and Good luck.

Chris,

With all good wishes for a successful venture

blackrock

Great work! Best of Luck from the other side of the pond.

Hi Chris and Mark,

Like this idea of yours, of organising the willing volunteers.

Chris & Mark,

Great job! Felt sad after hearing about this website because I was in the plans to setup a similar website.
Now I'll have to re-think.
All the best anyways and dont forget to send me a guitar ;).

Ciao...

Well done Chris, this sounds a great idea.

A dose of investigative blogging is just what's required to let the investing public see what happens behind the non-transparent and biased Press Releases churned out by some the publicly-traded companies.

Good luck!

Good luck to you,
I sure WISHED we would have a site like this for Corrupt Politicians so we could tell the "GOOD" guys fro mthe "BAD" guys.

Good luck to you,
I sure WISHED we would have a site like this for Corrupt Politicians so we could tell the "GOOD" guys from the "BAD" guys.

"Sharesleuth.com will scrutinize the people behind the companies..."

A good scrutin'...sounds good to me!!
Look forward to it.
:-)

HEY LETS talk about counterfeiting and naked short selling
any one game ?

This should be quite an experiment. I look have added the site to my reading list and look forward to your first posts. :)

Start with the Boards of Directors - and those who do not take their fiduciary responsibilities very seriously.

Chris and Mark:

Best wishes in this much needed and noble endeavor. I wish to personally thank you for not turning this into a "our securities regulators suck" forum which is typical of other such sites.

Our securities regulators do not suck. There are too many overpaid white collar criminals and too few underpaid cops to police them.

great to see people with the courage to do somthing that is not popular but very important.
best of luck

[This post has been edited for reasons of content]

Dear Friends and Shareholders,

TAXATION WITHOUT REPRESENTATION
-----------------------------------------------------------------

American HERO Rod Young of Eagletech[ticker -EATC] was DISGRACED by the powers that be. They DE-REGISTERED his shares. They say because of a filing mishap. But, we that understand the Nasdaq and how it trades know why his shares were taken down.

The Financial TERRORISTS that inhabit our Capital markets and those that police them are just as DANGEROUS to this country as Osama and whoever
the terrorist of the week is.


Another example
-----------------------
Ken Lay of Enron is dead ?
He must have died with GREAT SECRETS about his marketshare, his business practices and more importantly the leadership of this country that
allowed his criminal enterprise to ROB AMERICA BLIND.
- All the job loss
- All the pensions fleeced
- All the lives broken
-All the pain

Way to go "Kenny-boy" your secrets die with you.

Justice and Law and Order have become a JOKE in Today's America !

WAKE UP TO THIS FACT ,STUDENTS !

This generation is very weak and tired.

If I was to die tomorrow I wish my God daughter Tiffany who I send my newsletters to daily will take up the fight for us.

American youth we are fighting more for you then ourselves. Help us,
help you.

Like the song by The Clash "police and thieves" in the street

You ain't kiddin'

Knowledge is POWER !
CLASSWARFARE 101 !
Rise to the occassion !
September 4th, 2006 !
Robinhood lives in you !

Peace and Blessings
your friend,
Darren

Gentlemen-I'm afraid this is a very bad idea. I'm reliably informed that all corporate fraud and malfeasance in the US has been eliminated by the Sarbanes-Oxley legislation, Enron convictions,etc. Please go back to whatever it was you were doing before being stricken with this journalistic madness...Jim Chanos

So, I guess we should just automatically assume that when you write something bad about a company, Cuban has recently dumped the stock -- maybe an hour or so before publication. And if you write something good, he's just snapped up a bunch of shares? I mean, it's pretty much right there in your disclosure.

I wouldn't make those assumptions. If Mark Cuban has traded in a stock covered by Sharesleuth.com, it will be disclosed with the story. If there is no disclosure statement, it means he has no position.

Ah, OK. So as long as he *tells us* that he sold a bunch of shares just before publishing a negative story about the company, then it's OK.

Now I get it.

Great concept,look forward to the first story,
Exposing Crooked Companies
Can Be a Very Profitable Situation When the Shares Take a Beating in the Market.Corporate Fraud Will continue to exist as long as there is the Opportunities to do so.
If with each of the story's you Include Cubans Stock Market Plays this Indeed
would be a Priceless assett.
I have Been Looking for Info like this for Years.
Would You care to Devulge Your First Victim?

I have gone back and forth on the trading issue in my mind, and finally came down to this not being any different than subscribing to a private buy or sell side research service as long as you are effectivly in control of the choice of subjects and content.

That said, I am glad someone with your background is taking on this task. Perhaps it will goad the regulators into enforcement activities is something approaching real time, particularly in the transparent pump and dump schemes.

biff- your statement

“Now I get it.”

IMHO - you don’t..

Maybe you people can give the Senate a email update on the companies you are covering ? Maybe the SEC as well.

Good luck but you will not need luck, just facts

When I heard about this site I put it into favorites before their was any imforation. This will be a winner for all us traders.

Asia up Europe flat to red. Our index futures up a bit. Ya gotta love this stuff to stay up most nights. Im very short term long on qqqq

>biff- your statement

>“Now I get it.”

>IMHO - you don’t..

Good argument! Well presented, cogent, detailed. Gave me lots to think about.

I suppose the (actual) argument that this is like a research service is valid. But let's not buy into what is essentially a lie -- that this is journalism. It's not. By nature, it's highly biased information, with the publisher having a financial interest in the outcomes of the stories being published.

Mr. Carey has done some great work. And he may do it here, too. But when he left the Post-Dispatch, he changed professions. He's not a journalist any more.

I'm highly entertained by the suggestion that it's not journalism because it's biased. In this day and age of corporate ownership, ALL journalism is biased, influenced and controlled by the financial interests of its owners, which determines what stories are covered and how.

I think people are missing the chicken-and-the-egg nature of things here. It would be nice if someone wanted to fund independent online journalism of this nature without expecting some payback.

But Carey is an investigative business journalist and Cuban is a business man. The former wants to expose stock fraud, which we know he's been doing professionally for years. The latter wants to make a return on his investment.

No one is saying it's a foolproof method, but it's an interesting experiment and it's both unfair and inaccurate to say it can't be journalism in the public interest that also generates a profit for its owners. The challenge here is to produce journalism (yes, journalism) whose merit is unaffected by the profit motive of one of the business partners. A tall order, certainly.

And all of that remains to be seen. Why we're making declarations and sweeping judgments about professional merit before any content has been generated is beyond me.

If the proof is in the pudding, then bring it on, Mr. Carey. Bring it on.

First, to the guy who said he was disappointed his idea was already taken -- Don't give up! There's plenty of corruption for more than one Sharesleuth.com. Broaden your horizons a bit to anything the SEC should be regulating but hasn't got the manpower, and 100 sites wouldn't be enough.

Second, I'm a big Mark Cuban fan, but I'm worried for you about his story-related investments. Perhaps you ought to establish your site before legitimate conflict-of-interest concerns bring you down.

Good luck. Sharesleuth.com is a great idea.

The best frauds are committed by those who think they are doing nothing wrong.

One of my favorite comments on the culture of corporate corruption comes from the Breeden Report on Hollinger International which commented on Richard Perle's role (Yes, THAT Richard perle);

Page 482:
"Perle’s own description of his performance on the Executive Committee was stunning. He informed the Special Committee that he considered the Executive Committee to be only a means of facilitating paperwork that would eventually be presented to the full Board. He could not recall the Executive Committee ever meeting in person. Rather, from time-to-time, Perle would simply receive a package of Executive Committee consents or resolutions to sign. Perle regarded these documents as mere formalities and signed them all since they appeared to be routine business of the Company. He said that he never discussed any of the consents with Black or Radler before signing them. In fact, he admitted that he generally did not even read them or understand the transactions to which they applied.

It is difficult to imagine a more flagrant abdication of duty than a director rubber-stamping transactions that directly benefit a controlling shareholder without any thought, comprehension or analysis. In fact, many of the consents that Perle signed as an Executive Committee member approved related-party transactions that unfairly benefited Black and Radler, and cost Hollinger millions."

Hey Chris..there are 8 million stories in the naked market...lol

I guess that could be construed as a reference to the ongoing Stockgate scandal but it's not. There is a real shortage of investigative journalism in the markets. Most of the market news sites like Louis Rukeyser's Wall Street and Lou Dobbs Tonight do not uncover the maggots and rot. They usually only cover old street news.

When it comes to sleuthing stocks I found it took a number of sites to get the real scoop of maggots. Stocklemon is still good for focusing on major offenders. One of my favorite has lost its founder and you may want to track down this sleuth as he would be an excellent contributor to this site. He goes by the name of "Capt Nemo" and ran this forum here

http://investorshub.com/boards/board.asp?board_id=610

You have to go back a while to see his input there but when you start reading his posts you will see how good he was. One of the best.

Stockwatch.com still does an excellent job of investigative equities journalism. They cover both the U.S. and Canada. They have uncovered mountains of scum over the years.

As far as the next Microsoft goes Klaus Knopper is an incredible genius. His Live Linux CD's/DVD's are incredible.

If you need to have a secure connection without worrying about Spyware,Key-loggers and Trojans just fire-up the Knoppix CD in RAM and do your online banking, bill paying and secure webbing without the slightest worry. It's Linux, it's Fire-Fox, it's Thunderbird, it's not installed and it's free. How can you beat that!?!?

Wish you all the best here Chris.

biff
>

It is good to see you have not formed an opinion yet..:-)

biff
Mr. Carey has done some great work. And he may do it here, too.

It is good to see you have not formed an opinion yet..:-)

My experience: for a few years I was prominant in predicting and uncovering abuses in the mutual fund industry www.fundexpenses.com

I also run a hobby site, similar to yours, www.wallstreetfreethinker.com

If Cuban is serious about investing money in your site then I believe you should take a different strategy (otherwise you'll just end up like every other neurotic blog or news organization).

That strategy should aim to uncover the negative business developments that lead to fraud. Certainly, there are pathological liers and cheats, but most companies that fail the public started out with the best intentions, but found themselves short of cash and then started cutting corners, bit by bit.

Why doesn't most journalism uncover these companies? Time, money, expertise. As a mutual fund expert I can tell you that the media (in which I was heavily quoted) only captured half of the problems and they seldom uncovered anything on their own. If the SEC or Spitzer didn't say it, it didn't happen. Cuban is right about their short-sightedness, but the solution isn't cheap.

Now, the trick for you is to find a way to explain technical, in-depth problems, to a lay public. On my site, I tried satire but I discovered a pleasant surprise, my serious articles get more readers.

Sharesleuth should be about uncovering companies that expect too much. If you can, you will get them before the fraud comes out.

It's easy to point fingers. It's hard (and expensive) to do real analysis (face it, we all know, what we call news today is institutionalized gossip.

One day I would love read a magazine on the level of The New Yorker for business. I believe this strategy would better suit HD also.

Max

Thank you maxr. Time will prove this sites truths

choppy markets this past week was huge for longs. rack amd mstr moved like rockets. Im sold my positons but will re-enter accordingly.

a big thank you should go out to MSN.com. myself along with thousands of other people would not have known about sharesleuth.com if it were not for the article and link they have published on their web site. i am a big fan of Mr. Cuban. i must admit i do not know a great deal about Mr. Carey as of yet, but i look forward to getting to know him in the upcoming weeks, months and years.
thanks Mark, Chris and thank you MSN.com for turning me on to this project!
Mike

Congratulations and good luck with this edgy idea. It's good to know there are those out there who can help us navigate the sometimes murky waters of the corporate world, and point out those entities whose actions and tactics need to be exposed.

Hopefully, it will also help these same companies to change their ways and adapt to more acceptable corporate practices.

why doesnt anyone speak of counterfeiting markets ?

go to
www.thesanitycheck.com

when you get bored with this TELL YOU NOTHING site

the easter bunny tells it like it is
and America needs to know ASAP

Wow, look at all the sheep struggling for position to see who can get their lips closest to Mark and Chris's asses!!

I'm sure glad I live in such a naive and unquestioning country...don't any of you people question the ethics of this website?! If not, you're just as bad as the people from Enron and Worldcom.

Go on everyone, keep applauding Mark for getting richer...until he short-sells YOUR stock, that is.

Nice Idea. This can be a good sorce for shorting ideas. All the best.

This should be more active. I do my part. Currently short mstr 95x puts. Asia looks toppy tonight given back earlier gains. Good luck traders

Wow new dow high today. Im long goog and am eagerly waiting for Oct 20th earnings. Good luck traders

Cubans public opinions about google are a direct result in the lack of fan fair hear.

I sold goog into rally today. Any pull back I will jump in long again. Ride this till earnings on the 19th

Am I the last one hear? Cubans at it again goog and Trump bashing. If he would become a smoother polished public billion air this site would benifit. I'll give instructions on proper etiquite. Obviously not spelling. Hee hee come on Chris did ya think it would be this quite

The interview with Cuban on CNBC monday was excellent thank you