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Didn't the Levy's take TUBM public?
Indictment - David Levy, Donna Levy, Thomas Prezioso, and Ricardo Fernandez
Relevant tickers - Banneker, Inc. (BANI), Cardiac Networks, Inc (CNWI), Paradigm Medical Industries, Inc (PDMI), Metatron, Inc (MRNJ), Emerging World Pharma, Inc (EWPI), Talent Alliance, Inc (TLAN), and GreenGro Technologies, Inc (GRNH).
https://viewer.zoho.com/docs/qTabM
Summary from the Indictment:
The Indictment describes a scheme to defraud founders and executives of, and investors in multiple start-up companies by Donna Levy and David Levy.
David Levy would target non-public companies then orchestrate reverse mergers between the Target Companies and shell companies with publicly-tradeable shares. The mergers occurred in connection with agreements between David Levy and founders and executives of the Target Companies to provide needed start-up financing for these companies. Alternatively or in conjunction with the mergers, David Levy provided financing to the Target Companies by obtaining convertible notes granting him shares of the Target Companies. Levy would place those shares in the following entities (among others): EZ English, Date Palm Capital, Fitzwilliam Investments, DML Marketing, and Miracle Marketing (collectively, the "Levy-Controlled Entities").
Once the principals of the Target Companies entered into a financial relationship with David Levy, David Levy persuaded the Target Companies to use his wife, Donna Levy, to coordinate investor relations and marketing activities for the companies. In this role, Donna Levy was given authority to oversee the drafting, timing, and distribution of press releases and other marketing materials for the Target Companies.
Donna Levy and David Levy drafted and distributed, or caused to be distributed, press releases and other marketing materials for the Target Companies that at times contained exaggerated, misleading, and/or false information.
David Levy and Donna Levy paid third parties through the Levy-Controlled Entities, at times secretly, to draft and disseminate to the public "touts" recommending that prospective investors to buy shares of stock in the Target Companies at the same time that David Levy and Donna Levy were causing large numbers of press releases and marketing material to be disseminated to the public in the names of the Target Companies. David Levy and Donna Levy knew that aspects of several of the touts that they paid to have disseminated were exaggerated, misleading, and/or deceptive in part because as insiders of the Target Companies, they possessed information concerning the Target Companies' shortage of capital, operational issues, and dependence on David Levy and others for future financing that was not available to the public. Moreover, many of the touts that were privately funded by David Levy and Donna Levy contained inadequate disclosures concerning the roles that David Levy and Donna Levy played in paying for and influencing the content of the touts.
David Levy and Donna Levy took advantage of the artificial increase in the price of stock in the Target Companies, and increased public interest in the Target Companies, that they orchestrated by "dumping" shares in the Target Companies that they had acquired through the debt arrangements.
Following the conclusion of this misleading promotional campaign, the price of and investor interest in shares of the Target Companies collapsed, thereby harming investors in the Target Companies who had been induced to invest, in part, in reliance on the misleading promotional campaign.
After months or, in some cases, more than a year had passed, David Levy and Donna Levy again started to "pump and dump" Target Companies in which they continued to hold large blocks of shares.
Just from the sales of shares in two Target Companies alone (Cardiac Networks - CNWI, and Banneker, Inc - BANI), David Levy and Donna Levy made over $6.5 million between 2007 - 2010.
David Levy and Donna Levy used proceeds from the fraudulent scheme to finance a lavish lifestyle, including several luxury cars, large credit card expenses, and mortgage payments on a waterfront home in Fort Lauderdale, Florida, and to provide financing to Target Companies and new companies in exchange for stock that could later be manipulated.
Besides David Levy and Donna Levy other defendants were named as being involved in similar pump and dump schemes on the following stocks:
Paradigm Medical Industries, Inc (PDMI) by Thomas Prezioso and Ricardo Fernandez from January of 2009 - June of 2009
Metatron, Inc (MRNJ) by Thomas Prezioso and Ricardo Fernandez from July of 2009 - March of 2010
Emerging World Pharma, Inc (EWPI) by Donna Levy, Thomas Prezioso, and Ricardo Fernandez from March of 2010 - June of 2010
Talent Alliance, Inc (TLAN) by Thomas Preziosos from March of 2010 - June of 2010
GreenGro Technologies, Inc (GRNH) by Thomas Preziosos from March of 2010 - June of 2010
Full details found here:
https://viewer.zoho.com/docs/qTabM
It is a well written Indictment. In my opinion, you could just take out the names from the Indictment and replace them with Big Apple Consulting or Belmont Partners.
More on the Indictment and Arrest of David Levy here:
http://www.justice.gov/usao%2Fnys%2Fpressreleases/December11/levydavidarrestpr.pdf
MANHATTAN U.S. ATTORNEY ANNOUNCES NEW CHARGES AND ADDITIONAL ARREST IN “PUMP AND DUMP” STOCK FRAUD PROSECUTION
Superseding Indictment Charges Two Defendants with Allegedly Participating in a $6.5 Million Scheme to Defraud Start-Up Companies
Preet Bharara, the United States Attorney for the Southern District of New York, and Victor W. Lessoff, the Special Agent-in-Charge of the Newark Field Office of the Internal Revenue Service, Criminal Investigation (“IRS-CI”), announced today the arrest of DAVID LEVY for allegedly participating with his wife DONNA LEVY in a $6.5 million “pump and dump” scheme to defraud start-up companies. DONNA LEVY was previously charged in the Southern District of New York, along with 10 others, for engaging in a market manipulation-for- hire scheme. A Superseding Indictment unsealed today includes new charges against DONNA LEVY and adds her husband DAVID as a defendant. The Superseding Indictment also adds new details to charges against THOMAS PREZIOSO concerning the previously-charged manipulation-for-hire scheme. DAVID LEVY surrendered to authorities in Fort Lauderdale, Florida, earlier today and will be arraigned before United States District Judge Paul A. Crotty at a later date.
Today’s charges are the result of an ongoing investigation by the Government into so- called “pump and dump” stock fraud schemes that employ the Internet and social networking sites, among other tools, to manipulate the price of penny stocks. In October 2010, 11 individuals were charged with participating in the manipulation-for-hire scheme. Eight defendants have already pled guilty for their roles in the scheme, including four defendants – RICARDO FERNANDEZ, WILLIAM MACKEY, BRADLEY SUSSER, and STINSON BLAND – who pled guilty this week.
Manhattan U.S. Attorney Preet Bharara stated: “As alleged, David and Donna Levy executed an elaborate ‘pump and dump’ scheme that defrauded multiple start-up company executives and investors out of millions of dollars, and used the proceeds of the fraud to finance their lavish lifestyle. Today’s arrest and new charges underscore this Office’s ongoing commitment to pursuing and prosecuting individuals who engage in such schemes.”
IRS-CI Special Agent-in-Charge Victor W. Lessoff stated: “The allegations in this case show the appearance of success can be a mask for a tangled financial web of lies. Financial fraud schemes are often described as a house of cards and the underlying structure can fall apart at any time exposing the individuals responsible.”
As alleged in the Superseding Indictment, other documents previously filed in the case, and statements made in court:
The Start-Up Company Stock Fraud Scheme
DAVID LEVY and his wife, DONNA LEVY, defrauded multiple start-up companies in need of capital, and investors in those companies, by manipulating the start-up companies’ stock when helping to take them public. The scheme worked as follows: DAVID LEVY and DONNA LEVY offered to help start-up companies obtain financing, take the start-up companies public, and coordinate marketing and investor relations, in exchange for shares in the companies. Among other things, they failed to disclose to the start-up companies that they had previously been found by a federal court to have engaged in a telemarketing scholarship scam and were permanently barred from engaging in deceptive marketing activities.
Once the companies had gone public, DONNA LEVY put out several misleading press releases on behalf of the target companies, and she worked with DAVID LEVY to secretly fund and distribute misleading third-party “buy” recommendations concerning the targeted companies. These misleading promotional campaigns, along with other manipulative conduct, caused increased demand for stock in the targeted companies, which caused the prices of the stocks to rise. DAVID LEVY, DONNA LEVY, and their co-conspirators took advantage of the “pumped-up” stock trading volume and prices to “dump” their shares into the market until the misleading promotional campaigns had run out of steam. They would repeat the scheme multiple times until the target companies’ shares were essentially valueless, thereby harming company founders and executives, as well as innocent investors who bought shares in reliance on the misleading promotional campaigns they orchestrated.
The Superseding Indictment also charges DAVID LEVY and DONNA LEVY with orchestrating multi-year pump and dump securities fraud schemes involving two companies that they helped take public: Cardiac Network, Inc. and Banneker, Inc. According to the Superseding Indictment, DAVID LEVY, DONNA LEVY, and co-conspirators made over $6.5 million from the manipulation of these two stocks alone.
The Manipulation-For-Hire Scheme
In addition to new charges related to the start-up company stock fraud, the Superseding Indictment also adds further details concerning a previously-charged market manipulation-for- hire scheme in which DONNA LEVY and other defendants, including THOMAS PREZIOSO, allegedly took part. As alleged in the Superseding Indictment and other documents previously filed in the case, DONNA LEVY and PREZIOSO were paid by others who were interested in dumping large holdings of penny stocks, directly or through intermediaries, to post or fund misleading stock “buy” recommendations on social networking sites such as Twitter and Facebook, and on purportedly independent stock analysis websites and email newsletters. Participants in the scheme also engaged in manipulative trading of stocks targeted by the scheme. They did so knowing that their conduct would help pump up the prices of the stocks they were manipulating so that their funders could sell and make quick profits from unsuspecting investors who would be harmed once the secretly-funded manipulative campaign ended and the stock crashed. Stocks targeted by the scheme lost at least $7 million in shareholder value.
The Superseding Indictment also alleges five pump and dump securities frauds concerning specific stocks that were manipulated by participants in the scheme. The Superseding Indictment also contains money laundering charges against PREZIOSO arising out of his efforts to conceal the ownership and control of the money they and others were receiving for participation in the scheme.
Eight defendants have already pled guilty to charges arising out of the manipulation-for- hire scheme earlier this year, on the dates and to the charges listed below:
DAVID LEVY, 59, of Fort Lauderdale, Florida, faces a maximum sentence of 45 years in prison. Charges against DAVID LEVY and previously-arrested defendants DONNA LEVY and THOMAS PREZIOSO, who are presumed innocent unless and until proven guilty, are still pending.
David Levy + Donna Levy = Serial Scam Artists:
http://www.ftc.gov/opa/1997/09/levy.shtm
For Release: September 30, 1997
FTC WINS PERMANENT INJUNCTION AGAINST $CHOLA $CAM" DEFENDANTS
Court Orders $6 million in Consumer Redress; Imposes $6 million Bond Requirement
A federal district court judge has upheld Federal Trade Commission charges against a husband and wife who ran a scholarship search service scam that defrauded consumers of over $6 million. The court found that Donna and David Levy orchestrated the fraudulent practices used by Career Assistance Planning also known as College Assistance Planning (CAP), thereby duping tens of thousands of students and their parents into paying for services the company failed to provide. The judge granted the FTC's request for summary judgment, ordered the Levys to pay over $6 million in consumer redress and also ordered them to post a $6 million performance bond before engaging in any telemarketing activity in the future.
The FTC filed its complaint against CAP, David Chaim Levy, Donna M. Levy and Becky Burch Settles in August 1996 in the federal district court in Atlanta. (Becky Settles signed a settlement agreement with the FTC that was entered by the court in February 1997.)
The defendants sent millions of postcards stating that recipients who called a toll-free number would receive information on free college scholarships. In subsequent telephone conversations, CAP telemarketers often claimed that the company had a 60 to 80 percent success rate in obtaining scholarships for its customers. The defendants offered a full refund of their $299 fee for students who did not receive at least $1000 in scholarship money. The defendants also often convinced consumers to give their credit card or bank account number, assuring them that it would not use the account information without the consumer's "final authorization." The FTC alleged that the defendants routinely debited many consumers' checking accounts or charged their credit accounts without authorization.
The district court, in entering summary judgment against David and Donna Levy, found that the Levys were responsible for CAP's fraudulent conduct. The court observed that CAP had received over 2,500 consumer complaints, many from consumers who did not receive scholarships or the refunds that the defendants promised.
The FTC’s case against CAP and the Levys is a part of "Project $chola $cam," a major law-enforcement and consumer education campaign targeting scam artists who promise "free money for college," charging from $10 to $400 for their services.
The court's final order permanently prohibits Donna and David Levy from making numerous false representations about any future scholarship search service. The defendants also are prohibited from engaging in any future telemarketing activities unless they each first obtain a $6 million performance bond. The court order bars the defendants from misstating how a consumer's bank account or credit information would be used and from withdrawing money from a consumer's checking accounts or billing charges to their credit cards without first obtaining express written authorization from the consumer.
The court also has ordered the Levys to pay $6,087,036 in consumer redress. The Commission will make its best efforts to collect this money, but there is no guarantee that the Levy defendants will pay the sum they owe. If the Commission determines that redress is impractical, any funds collected will be deposited into the U.S. Treasury as a disgorgement remedy. Finally, the court's order contains various reporting provisions that will assist the FTC in monitoring the defendants' compliance.
The judge granted the FTC's motion for summary judgment (without trial) and entered the order on September 19, 1997. The final judgment and order was filed in the U.S. District Court for the Northern District of Georgia, Atlanta Division.
The FTC received tremendous assistance in this case from the Broward Sheriff's Office, the Georgia Governor's Office of Consumer Affairs, the Better Business Bureaus of South Florida and Atlanta and the Oregon Attorney General's Office.
Copies of the final judgment and order for permanent injunction, a free package of consumer information from the FTC on how to identify a fraudulent scholarship search service, and other documents associated with this case are available from the FTC's web site at: http://www.ftc.gov and also from FTC's Public Reference Branch, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-326-2222; TTY for the hearing impaired 1-866-653-4261. To find out the latest FTC news as it is announced, call the FTC's NewsPhone recording at 202-326-2710.
Media Contact:
Brenda A. Mack,
Office of Public Affairs
202-326-2182
the mod sure scattered fast
that took forever
The Tube, TUBM, sprung a leak : SEC Suspension :
http://www.sec.gov/litigation/suspensions/2011/34-64681-o.pdf
You caught
Nothing....don't know who you think you are are talking too.
When I Pull out the whole pos will collapse how's that for sugar coating!
Not finished with this yet.
Heard management was forging share certs here.
Anyone opt out of the settlement? If so, PM me.
I recieved my notice today but don't remember when I bought the stock,,,,,has it ever been under a different symbol?
WARNING: Class action opt outs must be postmarked by September 13. If you do not opt out, you will be bound by the settlement and must file your claim by November to split the $600,000.
They are splitting 600k between the claimants. A group of us are opting out.
Deadline to opt out: sep 13
To opt out, send:
“requests exclusion from the Class in Denra May, et al. v. The Tube Media Corp., et al., Case No. 07-61333-CIV-HUCK/O’SULLIVAN (S.D. Fla.),” and must be signed by such person or entity. Requests for exclusion must also include the date(s), price(s), and number(s) of shares of all purchases and sales of Tube Media common stock during the Class Period or copies of account statements, brokerage statements or other documents containing that information.
Tube Media Securities Litigation
EXCLUSIONS
c/o Gilardi & Co. LLC
P.O. Box 5100
Larkspur, CA 94977-5100
I received Proof of Claim and Release documents from my brokerage firm on the 21st to file in the class action suite.
I guess they did when I read it again. I can't read.
They never thanked their shareholders who paid for their crap:
Dear friend of THE TUBE Music Network,
We regret to inform you of the fate that has befallen The Tube Music Network. October 1, 2007 The Tube ceased its national broadcast.
Viewers, Artists, Music Companies, Investors, Business Partners, TV stations, Cable companies, Advertisers , Friends and our creative partners @Radical Media - your support of The Tube has always been highly valued and appreciated. The collective efforts of this team, fueled by the letters we received from viewers, sustained THE TUBE as it struggled through the financial limitations that ultimately contributed to its incapacitated state.
Thank you for inviting The Tube Music Network into your life.
Sincerely,
The Tube Music Network staff
Anybody receive any updates on the class action?
.002! What's the number of outstanding shares on this. It's becoming a shell play.
I am considering filing my own claim and opting out of the class action.
Anybody contact the class action lawyers?
AMS, MEDREQ, REF_PTRL
U.S. District Court
Southern District of Florida (Ft. Lauderdale)
CIVIL DOCKET FOR CASE #: 0:07-cv-61333-PCH
May et al v. Levy et al
Assigned to: Judge Paul C. Huck
Referred to: Magistrate Judge Andrea M. Simonton
Cause: 15:0078 Securities Exchange Act
Date Filed: 09/19/2007
Jury Demand: Plaintiff
Nature of Suit: 850 Securities/Commodities
Jurisdiction: Federal Question
Plaintiff
Denra May represented by Julie Prag Vianale
Vianale & Vianale
2499 Glades Road
Suite 112
Boca Raton, FL 33431
561-392-4750
Fax: 392-4775
Email: jvianale@vianalelaw.com
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
Vianale & Vianale
2499 Glades Road
Suite 112
Boca Raton, FL 33431
561-392-4750
Fax: 392-4775
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
Jeffrey Grubman PA
2385 Executive Center Drive
Suite 360
Boca Raton, FL 33431
561-393-9733
Fax: 393-8770
Email: jeff@jeffgrubman.com
ATTORNEY TO BE NOTICED
Plaintiff
Philip May represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Stephanie May represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Michael Newman represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Scott James represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Leonard Green represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Wendy Green represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Brett Friedman represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Landon Agoado represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Brian Noonan represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Trenton Martin represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Kathryn Martin represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Kristen Martin represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
Plaintiff
Donna Aikman
on behalf of themselves and all others similarly situated represented by Julie Prag Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Kenneth J. Vianale
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Jeffrey Scott Grubman
(See above for address)
ATTORNEY TO BE NOTICED
V.
Defendant
David C. Levy represented by Jeffrey Scott Grubman
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Defendant
Les Garland
Defendant
Marc Gelberg
Defendant
Gregory R. Catinella
Defendant
John W. Poling
Defendant
D. Patrick Laplatney
Defendant
Celestine F. Spoden
Defendant
Tube Media Corp.
Date Filed
#
Docket Text
09/19/2007 1 COMPLAINT against David C. Levy, Les Garland, Marc Gelberg, Gregory R. Catinella, John W. Poling, D. Patrick Laplatney, Celestine F. Spoden, Tube Media Corp. Filing fee $ 350. Receipt#: 541023, filed by Michael Newman, Scott James, Leonard Green, Wendy Green, Brett Friedman, Landon Agoado, Brian Noonan, Denra May, Trenton Martin, Kathryn Martin, Kristen Martin, Donna Aikman, Philip May, Stephanie May.(vt) (Entered: 09/19/2007)
09/19/2007 2 Summons Issued as to David C. Levy, Les Garland, Marc Gelberg, Gregory R. Catinella, John W. Poling, D. Patrick Laplatney, Celestine F. Spoden, Tube Media Corp.. (vt) (Entered: 09/19/2007)
10/12/2007 3 OBJECTION to the manner in which this Action was Served re 2 Summons Issued filed by Les Garland. (ail) (Entered: 10/15/2007)
10/23/2007 4 Summons Issued as to Marc Gelberg, Gregory R. Catinella, John W. Poling, D. Patrick Laplatney. (ail) (Entered: 10/24/2007)
11/07/2007 5 SUMMONS Returned Executed by Denra May. Celestine F. Spoden served on 10/6/2007, answer due 10/26/2007. (Vianale, Julie) (Entered: 11/07/2007)
11/07/2007 6 SUMMONS Returned Executed by Denra May. Marc Gelberg served on 11/3/2007, answer due 11/23/2007. (Vianale, Julie) (Entered: 11/07/2007)
11/15/2007 7 AFFIDAVIT of Service for Summons and Complaint served on Les Garland on October 26, 2007, filed by Denra May. (Vianale, Julie) Modified on 11/16/2007 (ls). "Wrong Event Used, Re-docketed as Entry ([8]); Summons Returned Executed". (Entered: 11/15/2007)
11/15/2007 8 NOTICE of Filing SUMMONS Returned Executed by Denra May. Les Garland served on 10/26/2007, answer due 11/15/2007. [See Image at DE #7] (ls) (Entered: 11/16/2007)
11/16/2007 9 NOTICE of Docket Correction and Instruction to Filer: re 7 Affidavit of Service filed by Denra May, Error: Wrong Event Selected; Correction=Redocketed as Summons Returned Executed. Instruction to Filer=In the future please select the proper Event; (ls) (Entered: 11/16/2007)
11/19/2007 10 SUMMONS Returned Executed by Denra May. David C. Levy served on 11/10/2007, answer due 11/30/2007. (Vianale, Julie) (Entered: 11/19/2007)
11/19/2007 11 MOTION for Appointment of Lead Plaintiff and Approval of Selection of Lead Counsel by The Friedman Group. (Attachments: # 1 Proposed Order)(Vianale, Julie) (Entered: 11/19/2007)
11/19/2007 12 AFFIDAVIT signed by : Kenneth J. Vianale. re 11 MOTION for Appointment of Lead Plaintiff and Approval of Selection of Lead Counsel by The Friedman Group. (Attachments: # 1 Exhibit A# 2 Exhibit B# 3 Exhibit C# 4 Exhibit D)(Vianale, Julie) (Entered: 11/19/2007)
11/27/2007 13 OBJECTION to 10 Summons Returned Executed filed by David C. Levy. (ail) (Entered: 11/28/2007)
11/30/2007 14 ORDER granting Defendant Levy's Motion for Extension 13. Defendant Levy filed a letter contesting service of process, but because service was properly effected, this Court construes the letter as a Motion for an Extension of time to respond. Defendant Levy should respond by December 10, 2007. Signed by Judge Paul C. Huck on 11/30/2007.(lc2) (Entered: 11/30/2007)
12/06/2007 15 Joint MOTION for Extension of Time to File Answer by Denra May. (Attachments: # 1 Proposed Order)(Vianale, Julie) (Entered: 12/06/2007)
12/10/2007 16 ORDER granting 15 Motion for Extension of Time to Answer. This is a paperless Order signed by Judge Paul C. Huck on 12/10/2007.(jg) (Entered: 12/10/2007)
12/10/2007 17 Joint MOTION for Extension of Time to File Response as to 1 Complaint, by Michael Newman, Scott James, Leonard Green, Wendy Green, Brett Friedman, Landon Agoado, Brian Noonan, Denra May, Trenton Martin, Kathryn Martin, Kristen Martin, Donna Aikman, David C. Levy, Philip May, Stephanie May. (Attachments: # 1 Text of Proposed Order)(Grubman, Jeffrey) Modified on 12/11/2007 (ls). [Missing description on exhibits/attachments-corrected by Clerk] (Entered: 12/10/2007)
12/11/2007 18 ORDER granting 11 Motion to be appointed LEAD PLAINTIFF of the Class. Brett Friedman, Trent and Kathy Martin, Wendy Rhodes Frisone, and Philip May are appointed Lead Plaintiff and Plaintiffs' selection of Vianale & Vianale LLP as Lead Counsel is approved.Signed by Judge Paul C. Huck on 12/10/07. (lk) (Entered: 12/11/2007)
12/17/2007 19 ORDER granting 17 Motion for Extension of Time to Respond. This is a paperless Order signed by Judge Paul C. Huck on 12/17/2007.(jg) (Entered: 12/17/2007)
12/19/2007 20 Joint MOTION for Entry of Scheduling Order by Denra May. (Attachments: # 1 Proposed Order)(Vianale, Julie) (Entered: 12/19/2007)
12/26/2007 21 SCHEDULING ORDER: ORDER REFERRING CASE to Magistrate Judge Andrea M. Simonton for Pretrial, ORDER REFERRING CASE to Mediation. Jury Trial set for two-week period commencing 8/4/2008 in Miami Division before Judge Paul C. Huck. Calendar Call set for 7/30/2008 08:30 AM in Miami Division before Judge Paul C. Huck.Signed by Judge Paul C. Huck on 12/26/2007.(jg) (Entered: 12/26/2007)
12/26/2007 22 ORDER granting in part and denying in part 20 Motion. Signed by Judge Paul C. Huck on 12/26/2007. (jg) (Entered: 12/26/2007)
nevermind, i found it..WOW
September 19, 2007 - 12:19 PM EDT
Vianale & Vianale LLP Files Shareholder Class Action Lawsuit Against The Tube Media Corp.
Vianale & Vianale LLP announces that it filed a class action lawsuit on September 19, 2007 on behalf of purchasers of the securities of The Tube Media Corp. ("Tube Media") (PINKSHEETS: TUBM) between August 19, 2005 and May 10, 2007. A copy of the complaint can be obtained by calling our offices or viewed on Vianale & Vianale LLP's website at: www.vianalelaw.com. The action (Case No.07-CV-1333-Huck) was filed in the United States District Court for the Southern District of Florida.
The complaint alleges that Tube Media, and certain of its officers and directors, violated the Securities Exchange Act of 1934. During the class period, defendants made false public statements and omitted material information about Tube Media's failure to pay employee payroll taxes to the government. The Company also failed to account properly on its financial statements for compensation expense. Tube Media currently trades at $0.015.
If you bought the securities of Tube Media between August 19, 2005 and May 10, 2007, no later than November 19, 2007, you may move the court to appoint you as lead plaintiff, a representative party that acts on behalf of other class members. The court must determine whether the class member's claim is typical of other members' claims, and whether the class member will adequately represent the class. Your ability to recover is not affected by the decision whether or not to serve as a lead plaintiff. Vianale & Vianale LLP is active in major litigations pending in federal and state courts. More about the firm is available on its website.
If you wish to discuss this case with us, or you have any questions concerning this notice, please contact:
Kenneth J. Vianale, Esq.
Julie Prag Vianale, Esq.
Vianale & Vianale LLP
2499 Glades Road, Suite 112
Boca Raton, FL 33431
888-657-9960 (Toll Free)
561-392-4750
Email: Email Contact
Source: Marketwire (September 19, 2007 - 12:19 PM EDT)
News by QuoteMedia
www.quotemedia.com
wow..what happened here?
The Tube is off the air in Chicago.
But is it ours, that's the question. There's no indication that this shell now owns the assets.
Still on the air in Chicago
The telephone number for this stock is forwarded to Neil at Exceptional Lenders. Neil's cell phone is 754-214-3250. Pink Sheets is showing the President of the company as D. Patrick LaPlaney.
Does anyone still have shares?
Anybody in the areas that The Tube was broadcasting, is it still on the air?
I stopped paying attention long ago. Just really a shame what happened with this. Took a hefty loss and moved on.
Nettles...have you noticed the LOI in EDGAR dated May 4, 2007 transaction to be completed no later than July 12th for $15,000,000?
This sure went to
Sh!t
My father lives in Denver, and has Dish Network. He saw a Tube advertisement the other night.
Thanks...wish I knew what it all means.
Yeh, looking realy good!
NEWS with new financing is on the way! Let's see if we could get $0,5-0,7 next days.
Looks like the market took the news well so far...
The answer was a trade on Friday +25%!
8K was out on Thu, Feb 22! The idea of THE TUBE was not to be a part of any other Company but like a very new broadcast startup Company they got the same troubles.
Here is some old article - "Lessons From USDTV’s Demise":
http://www.broadcastingcable.com/index.asp?layout=articlePrint&articleID=CA6355397
You can reed more in USDTV-forum:
http://www.avsforum.com/avs-vb/showthread.php?t=697993&page=1&pp=30
It seams THE TUBE can get another financing from GT Networks LLC.
"...Tube Media said it received two loans totaling $93,000 from GT Networks LLC.
That funding is an advance on a larger financial transaction being negotiated between the companies, Tube Media said."
Lets hope it will work and some positive NEWS can follow!
Anyone have any thoughts on what this will do to the pps? Long term issues?
What are your thoughts on this?
Tube Media cancels negotiations to sell.
South Florida Business Journal 4:21 PM EST Friday, Feb 23, 2007
Tube Media Corp. and a group of Houston investors have mutually terminated a $10 million letter of intent for the investors
to buy the high-definition digital music channel.
The Fort Lauderdale-based company signed the agreement with AutoMedia on Jan. 2, giving 90 days for the transaction to close.
Tube Media (OTCBB: TUBM) was allowed to take out a secured loan with the potential buyer to help the financially strapped company stay afloat.
When their agreement was mutually terminated on Feb. 14, Tube Media agreed to repay the loan, the amount of which it didn't disclose.
At the same time, Tube Media said it received two loans totaling $93,000 from GT Networks LLC.
That funding is an advance on a larger financial transaction being negotiated between the companies, Tube Media said.
Tube Media had accumulated a $40.7 million deficit as of Sept. 30 and little revenue, according to its Securities and Exchange Commission filings. It lost $12 million in the first nine months of 2006.
Shares closed up 5 cents, or 25 percent, to 25 cents. The 52-week high was $6.85 on March 9. The 52-week low was 8 cents on Jan. 30.
http://milwaukee.bizjournals.com/southflorida/stories/2007/02/19/daily44.html?surround=lfn
Good moving today with HOD close!
Lets hope we can see more next week and nice WE for all here!
I haven't heard something new out here.
Keep the patience and wait for a NEWS!
EDDSON....Have you heard anything new out there?
Does anyone know of any other "TUBM" blogs?
Need NEWS as trigger!
There is no dilution in this stock and people knew that new company is on the way! MM’s try to get just more shares cheap before it can take off.
I hope the “new owner” will present it together with MTTV (“Motor Trend TV”) . This is a great Project and I hope it will be very succsessful. It seams like new company is coming with new name and much more revenue where THE TUBE can be just a part of this business.
TOP NEWS from February 14, 2007!
The Consumer Electronics Association, the National Association of Broadcasters and the National Cable and Telecommunications Association are joining together in a public service campaign for the digital TV transition amid some Congressional suggestions that consumers aren’t well aware of the February 2009 change.
http://www.tvweek.com/news.cms?newsId=11568
Making DTV Pay: Leveraging The Secondary Channels
Whatever broadcasters choose to put on their secondary digital channels, there is money to be made. In fact, Kagan Research (www.kagan.com) predicts that “a TV broadcaster can make anywhere from $7.3 million to $206 million in cash flow in year 10 by operating a multicast cluster of digital broadcasting channels,” says Kagan research associate Patrick Johnson, author of HDTV Spectrum Monetization 2005: The Economics of Datacasting & Multicasting.
To accomplish this, such channels will have to offer compelling content, Johnson tells TVB. “That’s really at the heart of the whole multicasting issue,” he says. “As well, unless you offer new channels that attract new viewers to your company, you run the risk of simply dividing up existing single-channel ad revenues among your family of multicast services.”
http://televisionbroadcast.com/articles/article_1122.shtml
http://www.multicasting.com/viewvideo120.html
PRIMEDIA Inc. , the leading targeted media company in the United States, today announced the launch of a 24-hour broadcast television network, "Motor Trend TV" early 2007 through a partnership with Multicast Networks Group (MNG).
http://www.multicastgroup.com/
http://www.autonomy.tv/our-work.php?category_id=8&work_id=60
Primedia began exploring starting Motor Trend TV last year, after producing several programs for cable. Blum says the company considered a cable channel or video-on-demand, but found the spaces already over-crowded. Broadcast multicast, she says, “was an interesting and unique way to address getting a network into the broadcast spectrum.” Multicast Network Group is assisting Primedia with the programming and distribution. So far, it has not signed deals with any stations, but COO Jon Finley says Motor Trend TV is a strong product for secondary digital channels. “Most broadcasters have already made the investment or are in the process,” he says. “Now, it is about finding a business model. There are few additional costs for stations and Motor Trend TV will provide incremental revenue streams.”
Local Channel, National Reach?
http://broadcastingcable.com/article/CA6340593.html?display=Search+Results&text=LATV
LATV to broadcast on KPRC
HOUSTON BUSINESS JOURNAL - JANUARY 16, 2007
http://www.bizjournals.com/houston/stories/2007/01/15/daily14.html?from_rss=1
People just love THE TUBE and you can find only the best comments in every blog or forum! THE TUBE is #1 in Top 50 Music shows by BACK CHANNEL MEDIA /DRTV Research>Music:
http://research.backchannelmedia.com/genre/Music?start_date=2007-02-05
NEW RESIDENCE FOR THE TUBE:
http://www.crawford.com/old/movielauncher/movie2.htm
I've always had a soft spot in my heart for TUBM, because I like the product, and I'm sure that the subscription base alone is worth $$ to someone. It's a patience play, but I can see this one paying off....(and hopefully without a RS or something equally dreadful)
Best of luck to all!
Let's hope we can get rolling......new "owners" may be able to pull it off. Gotta have mucho patience. GLTY
I think TUBM is extremely undervalued at these prices. .07-.10c was a steal!
Got it...thanks. All the best.
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