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yea, u can put it on your radar, but the big board stocks are giving bigger plays, Not adding more TDXG shares, cause the bigger cap. stocks are on sale n gimme better plays for now. Gonna see what these guys at TDXG do by March when the financial bubble starts to air out, then i'll decide what i'll do
lol... been accumulating some pinkies... But with this drop in the over all market, these prices are back to '98 again. So i'm still holding some shares in TDXG but the 2 big to fails stocks are what i've been in,, trading the volitilty
Is this one that should be on my radar?
Good day to you
Briboy
1 of the 2 websites still up...800 number havent called yet..
http://www.tradexdirect2.com/index.aspx#
where ya been for a year? yah i think most here sold when they read that article etc that stated the company got raided and whatnot. Gotta stay on top of these volatile plays in otcland cuz as we all know most pinkie companies f all shareholders at some point and surely that article posted didnt help for what shareholdes this did have then.
Are they back in business then? have you contacted them? cuz if im not mistaken their phone number was out of service for a while after. TIA. I liked this one from the beginning cuz of share struct especially but as most otcs come and go as the companies release prs for a bit then nothing for who knows how long if ever again.
TDXG could get more assets under management if they had a money market accounts that paid a good %... they should start their DD
buy order didn't get filled... who still owns TDXG... With the fear selling in the market, Tdxg's low fees , they can capitalize... I'm wondering what was Tradex's september numbers... I hear their profitable,, barely profitable, but profitable
Ok... I going put an order in tomorrow and see if it get filled... With the rate cuts and the $700 Billion package, and everybody in a panic fear selling, I started buying stocks... Gonna see what TDXG gonna do in the new rule change environment... Thought they were gonna do r/m with AMEX but NYSE bought them, deal completed last week,, things are gonna change ... The no shorting financial stocks rule ends tonite... It's time for the CEO and CFO to show their leadership and get TDXG to end up on the winning side. They need to move the listing to OTCBB and get a .ob on the ticker symbol from the pinksheets .pk and become like their name and really become a global financial services company. Testing their software systems and website and email, could sold some of the problems.
This article was a good one that mad me think about Tradex's potential
" NYX has to be one of the most abused stocks I’ve ever seen or, as they call it, a “widow-maker.” But NYX is trading at extremely reasonable valuations and continues to increase earnings while realizing full integration of the Euronext merger. Clearly, the acquisition has been accretive as part of the Euronext merger included the LIFFE, or London International Financial Futures Exchange, which continues to be one of the most prominent international futures and derivatives markets. Continued growth was demonstrated by recent earnings of $195 million net profit, or 73 cents per share. Total revenue was $1.15 billion. I believe, down the road, further industry consolidation and a truly 24 hour global trading platform will change things dramatically.
By comparison, NDAQ reported $101.8 million in net profit, or 43 cents per share. Total revenue was $821 million. NDAQ was recently trading below $25 per share, which put it at a ridiculous p/e ratio of about 6x earnings. Now that it has risen since then, you still have a very undervalued stock and compelling entry point.
The CME is clearly the most dominant futures exchange in the world and a global powerhouse that seems unstoppable. But fears of regulation amid an election year and volatile commodity and oil prices seemed to have tamed the beast from returning to record levels it once enjoyed. The recent completion of acquiring the New York Mercantile Exchange (NMX) was well below what it debuted at as an IPO, and probably will turn out to be an incredible bargain down the road for the CME. The NMX sweet crude contract is still the primary barometer for oil futures markets and their vast array of commodity contracts offers product diversity for the CME.
Despite all the positive arguments for the CME going forward, I think it is at a higher risk for regulation by being a primary futures exchange, and especially if there is potential merging and consolidation of the SEC and CFTC. However, I believe that if anyone could benefit from potential regulation it would be the security exchanges such as the NYX and NDAQ. I say this because, if we are to see any potential regulation, it would most likely be targeted at reducing the volatility in the markets by creating transparency in large institutional block order flow through off exchange services known as “dark liquidity pools.”
While very few seem to discuss the reasons for historically unprecedented volatility in the stock market, I think at some point or another the issue will have to be raised and openly debated. The volatility is, undoubtedly, caused by the evolution of electronic markets and high volume, algorithmic trading platforms that account for nearly 55% to 2/3 of all transactions and allow institutional players to press the market in any direction they desire.
This is not to suggest that the glory days of the floor brokers is ever coming back; no, they remain as obsolete as the dinosaurs. But it would make sense to require all order flow and transactions to be routed through one or more of the major exchanges as opposed to crossing networks, so that there would always be absolute transparency and less of an opportunity for manipulation.
The argument for dark liquidity pools is that institutional traders and hedge funds can keep their positions close to the vest and not allow day-traders, retail traders and momentum players the opportunity to engage in scalping and “front-running,” or jumping in front of the order flow based on visible large block orders. Now, large block institutional orders are dissected into smaller, less perceptible, 100 lot orders and saturated through the system with algorithmic programming strategies such as Volume Weighted Average Pricing (V.W.A.P.).
It is clearly an advantage for large block institutional traders and the argument on their behalf is legitimate but, somehow, seems in complete conflict with the idea of “free markets” and fair play. In my opinion, no matter how big the order is, institutional traders should not enjoy either the advantage or ability to jump the line ahead of the crowd. Current market value literally means the price meeting point of what the buyer is willing to bid, and what the seller is willing to offer; it should never mean what one party arbitrarily decides by pushing volume in one direction or another.
ALL OPTIONS ARE ON THE TABLE
The NDAQ also completed its acquisition of the Philadelphia Stock Exchange which boosts its options market share above 15%. The NYX, not willing to stand by idly, has recently moved to acquire the American Stock Exchange, increasing overall options market share upwards of 16%. I think the options model for growth in the derivatives market is impressive for both exchanges as a continuing demand by institutional and retail investors drives revenues.
The Chicago Board Options Exchange is still the market leader in total options volume with almost 35% market share, but as it completes its demutualization process it will be interesting to see if it actually goes public as an IPO, or are simply acquired before they leave the starting gate. I am quite sure both the NYX and NDAQ are eyeing the CBOE very carefully, and you certainly can’t count out the CME or other global exchanges waiting on the wings. The CBOE will remain an enviable prize to be acquired or a major competitor to contend with.
RECOMMENDATIONS
Both the NYX and NDAQ are simply too cheap, in my opinion, not to own both positions as part of your portfolio. Just recognize they are both neglected and hated, so it may be a while before they have their day in the sun.
The CME is a high beta, high flying stock and not for the meek or weary of heart. I think there is too much volatility and risk to buy CME during current market conditions, it simply doesn’t justify the risk to reward ratio for most retail investors. It’s an incredibly well run company with excellent management, but as much as I like it, I cannot recommend the stock even though it has tremendous upside potential. I think you truly have to sit on the sidelines with this one until you know if there will or will not be any major regulatory changes with regards to the CFTC and the entire futures industry.
ICE will probably be acquired at some point or another, but the NMX acquisition by CME showed what the going rate was and, at those levels, the valuation on ICE had to come down to more reasonable price levels. I don’t see that much upside with ICE under these current market conditions. Of course, if the economy shifts and things change, perhaps it may be caught in a bidding war by being the last available major energy and commodities exchange. "
I sold out....too quiet for too long, I got out at a good time too. Still have my eye on TDXG though for any news that might come along and may reenter. Wanted to get into some other plays. I'm sticking mostly to shell plays now and occasional low floaters with potential.
crazy not good.No wonder no PRs.
Here's a slightly verbose rant from the blog, if this is what you were referencing.
TradEx indeed does have real offices clearly marked, and I know of one person with an account whose only complaint was they charged alot of money for commissions on penny stocks.
Lazy, Incomplete, Biased, and Inaccurate - The Trademark of Eric Jackson
Avatar Posted by PanamaArticles 19 hours ago (http://www.panama-guide.com) View profile
Category: Panama Articles | Tags: expat tales
By DON WINNER for Panama-Guide.com - A web site called AM Costa Rica published an article yesterday entitled "Agents investigating expat financial figure and wife". The article is about Mark Emory Boswell (a.k.a. Rex Freeman) who runs Foreign Currency Exchange (Forex) training operations in Panama and Costa Rica. I met this guy (his name is Mark Boswell but he prefers to go by Rex Freeman) a couple of months ago at the Veneto Hotel and Casino. When he introduced himself, it took a minute for the name to register and then I realized - "Hey, aren't you the guy that's sueing Eric Jackson for slander?" Yup, same guy... (more)
There Are Pills For That: Eric Jackson, the owner and editor of The Panama News, is what I consider to be a "serial slanderer." He has a tendency to become obsessed with a particular point, issue, or individual, and once he latches on he will never let go, no matter what. And you can forget about trying to use truth, facts, and logic - it they go counter to Eric's preconceived notions of reality he will ignore them, change the subject, counter attack, or assume some other victim posture. I reached the conclusion long ago that Eric is simply incapable of discerning the difference which is sad in its own way. But still if Eric decides to focus his muddled brain on you for whatever reason don't even waste your time trying to talk to him or trying to shake him off using intelligence, truth, facts, or logic. He's obsessive in a pit-bull kind of way, but also in a way that is not at all healthy.Panama-Guide.com: Eric Jackson has been slandering me since August 2004 when I launched my website. Obviously, he is, has been, and continues to be worried about having a competitor. I met with him and we agreed to work our own respective areas of interest but again, he proved himself simply incapable of self control and had been attacking me personally and professionally for more than three years now. Nice To Meet You, Rex: The first thing I wanted to know about Rex Freeman was what he is doing in Panama. He teaches novices how to trade in the Foreign Exchange market, to make money in the ebbs and flows of the differences in the different currencies around the world. I have dabbled in that a little myself and I know it's a hard game to play, especially for rookies. Usually, the guys who make all of the money are those who have been doing it for a long time and have "paid" for their education my making mistakes and learning the hard way through losing money in the market. Several years ago I played around (and got hammered). I said "that hurt" and left. But, I learned enough to talk about it and I know that there are people out there who trade Forex full time and make a nice living at it.Conspiracy Theories: Rex is one of those guys who likes to talk about conspiracy theories. Like, supposedly there's a recording where you can see little explosions going off right as one of the planes hit the world trade center. Personally I don't buy into that bullshit but Rex seems to believe it. I asked him about the stuff that Eric keeps bringing up with the Oklahoma City bombing. Rex used to have a radio show, and he said that he had a guest who was a retired Army General who was an explosives expert, and according to that person ANFO could not have done the damage or taken down the Oklahoma City building.Again, Bullshit: First of all, I know a lot of Army Generals, and I never met one who knew dick about home made explosives like ANFO. Army guys know a lot about C4 and military grade ordnance because that's what they use all day in things like artillery rounds, hand grenades and the like. But ANFO? Nah, not likely. Whatever. Rex and I came to an agreement - he believes some of that stuff and for the most part I don't. I've run into these "conspiracy theory" guys before and they seem to get a kick out of asking the "what if" questions. No one will ever be able to prove them right or wrong so they can talk forever, perfect fodder for talk radio.Ripping Off Expats? Anyone who regularly reads this website knows that I will go after anyone who is preying on expats down here in Panama. One of the things I like to do well is to go after and expose those people or companies who target and victimize our community for fraud or any other kind of crime. For example:Rod Spiller and the "U Da Chump" Case: I'm still chasing Rod Spiller and this "Udachu" investment scam - he's now pulling a repeat in Italy after ripping of dozens if not hundreds of expats here in Panama and around the world through the Internet. I investigated him and exposed his activities to local authorities and as a result he decided it was time to move on to greener pastures. He left behind hundreds of victims who are now pursuing legal actions against him.Land in Bocas del Toro: I continue to investigate and write about rights of possession property issues in Bocas del Toro. In those cases there are apparently a couple of US companies and individuals who are using "black hat" tactics and techniques to obtain (steal, take, grab) land from the rightful owners. Unfortunately the people who are doing this are US citizens, and very often the people who take advantage of expats are other expats.The Murder of Toni Grossi-Abrams: I investigated that case thoroughly when it first came to light, and continue to follow events in the case as the investigation unfolds. I have been to visit Debra Ann Ridgely in the Woman's Prison on several occasions. The murder of Toni Grossi-Abrams was apparently another case of expat on expat crime, with one expat (Toni) ending up dead, another expat (Debra) ending up in prison, and two more expats (Colombians) running from justice.Stranded in Santo Tomas: Remember the case of Mike McEvoy, the guy who came down to Panama to visit his grandchildren, had a stroke, and died in the Santo Tomas hospital? I was able to visit him in the hospital before he died but was unable to coordinate a charity medevac in time. Shot On Via Veneto: Then there was the guy (name withheld by request) who was shot while buying a cell phone on Via Veneto. I visited him in the hospital as well, just to make sure that he had someone looking out for him down here. Gringos Ripping Off Gringos: I wrote about Leslie Aldredge who, according to Michael Taylor, stole his car and laptop computer, defrauded him out of thousands of dollars, and fled to Boquete leaving him will bills to pay on an apartment he was renting for her. He's filed several criminal complaints against her for theft, misappropriation, and criminal slander, and she turned to bite him after he tried to help her.Home Invasion Robberies: In the genre of "learning from the mistakes of others" I have investigated so many home invasion robberies in Panama that I've lost count. There was the Richard Schueler Gringo Gang-Bang deal which started off as a home invasion but turned into a major fraud case. Then I went and talked to these guys in Altos del Chase which was just a standard break-in for money. I also did a walk-through of this crime scene to point out security flaws which led to the assault.Government Officials Picking on Gringos: There have been several cases I've investigated that basically come down to the Panamanian government deciding that it's time to enforce a law that's been on the books for a long time, so they start with a gringo. Take Victor Politis for example, the owner of the Crystal Moon strip club who is facing five years in La Joya for human trafficking. He was set-up by an American "black hat" competitor who didn't want the new guy to open. Then there was the case of Capt. Tom Yust who had all of this fishing equipment confiscated because the ANAM decided to start enforcing a law to protect Coiba. Forget the fact that there were several other boats in the area owned by wealthy and prominent Panamanians at the time - Tom was the scape goat.Bonae Fidei Established: I'm covering some of this ground again because I wanted to remind people of some of my basic beliefs. I spend a whole lot of time and energy chasing down and going after the criminals who would take advantage of the flood of newly arriving English speaking expatriates in Panama. In short, when I hear about this kind of thing I write about it to warn everyone else. Anyone who knows me personally also knows that I take this kind of stuff to heart.Guilt By Association: Eric Jackson has a serious problem with Rex Freeman. Eric Jackson also has a serious problem with me. The fact that I am talking to Rex Freeman is making Eric Jackson, quite literally, nuts. Eric should know that I talk to Rex all of the time. I call him on the cell phone and exchange email with him regularly. Most recently I contacted Rex to ask him about the report that came out in on AM Costa Rica. Eric Jackson is convinced that Rex Freeman is some kind of a serious fraud artist or scammer. Thankfully, I have my own resources and ability to think for myself, as well as considerable analytical and investigatory abilities. So far I have not reached the same conclusion as Eric. In fact to date I have only heard from two people (one of them Eric) who are rabid anti-Rex Freeman.Using A Broad Brush: Eric Jackson is trying to paint me as some kind of a "friend of the scammers" or something because take the time to talk to Rex Freeman and actually listen to him. When I met Rex Freeman and realized he was the guy who had filed a criminal complaint against Eric Jackson I knew it would probably turn into a kind of "enemy of my enemy" relationship, since Rex had already sued Eric Jackson for slander and I probably should as well. But at the same time I have to consider the possibility that some of what Eric is alleging about Rex Freeman might be true. As a matter of fact most of the time when Eric gets obsessed about something or someone there is usually a little grain of truth in there somewhere, and then he spins it until it's no longer recognizable. In any case, I'm still approaching Rex Freeman with caution.Watch Yourself, Rex: Rex Freeman tells me that he's teaching people how to do Forex trading and that's all good. I've received emails and comments on the website from one other person (besides Eric) who is strongly "anti-Rex" and I suspect that this person who is in Costa Rica is the original source of Eric Jackson's vent. So, if Rex has just one guy who he has significantly pissed off and that guy can find someone like Eric Jackson (to use) then that's the whole show right there. In any case, so far I have not received a flood of email or correspondence from people who have been victimized by Rex Freeman. In fact, I have not received any. In the Rod Spiller case, for example, I received dozens if not hundreds of emails and correspondence from people who are pursing legal complaints. That simply is not the situation with regards to Rex Freeman. In any case I'm still keeping an eye on this Rex guy and his Forex trading deal. If a flood of victims materialize then he understands that the first questions will be from me.My Name All Over Panama Forum: Leslie Aldredge, one of the moderators on the Panama Forum Yahoo email group, is allowing a string of posts with the title "Don Winner's financial columnist in the news today" talking about Rex Freeman. You should know, of course, that once upon a time (a long time ago) I made the serious mistake of trusting Leslie Aldredge and she took advantage of that trust for her own gain - basically she conned me. What's more, that appears to be her "modus operandi", to gain the trust of someone and then to turn and bite that person when they are no longer of any use to her. So, if you're currently placing any form of trust in Leslie Aldredge, a US citizen from New York and currently living in Boquete, then I advise you to exercise extreme caution. And, she controls the Panama Forum Yahoo email group and has banned me from posting on that network. So by default she is allowing others to slander me, without allowing me to respond. So, I'm responding here.What The Hell, Rex? I contacted Rex Freeman and asked him about the article that appeared in AM Costa Rica. This is his response:This article is a direct response to a continuation of a smear campaign being conducted by the mouthpieces A.M. Costa Rica and The Panama News. They clearly have no regard for the truth and have no interest in presenting an objective, balanced story, thus the smear articles published to the public with wanton disregard for accuracy as this rebuttal and future events will prove out.#1...It is true there is an investigation going on which started from a complaint filed from two disgruntled associates. The investigation led to a raid of the offices of Trade Exchange-Tradex, S.A. just recently. We had two separate offices in Costa Rica at one time and inherited these disgruntled people who were associates of a broker we work with. When the broker gave up on Costa Rica and left, we inherited their office and their brokers. These people were not only unproductive in business but were counterproductive in this office causing personal division and strife amongst our people, poisoning the atmosphere of the office there and we threw them out of the office with explicit orders not to return. Since that time, they have done everything possible to exact vengeance on us. Andres Jimenez and Giselle Valerio had their own trading accounts with independent brokers we work with. They placed funds with those brokers and were the only ones who had full and complete control over those accounts. The only one to touch their funds was the broker (one in the USA and one from Europe) and themselves. The companies mentioned in the complaint never had touched any of their funds and had nothing to do with the execution of their business.Jimenez and Valerio did not do well in their own brokerage accounts and with their new found motivation of vengeance, they went to the superintendent of valores (SUGEVAL) to file a complaint against us and make our lives as miserable as they were by trying to hold our companies somehow accountable for their own personal business they had with their brokers.#2...It is true that the companies mentioned were not registered under SUGEVAL or SUGEF (banking superintendent). These companies are not engaged in any regulated activity and therefore registration is not required. In fact, we have a detailed letter from SUGEVAL telling our broker, who is much more directly involved in the Forex trading business than the mentioned companies ever were, saying explicitly that the activities were NOT subject to regulation and that therefore there are or would be no compliance requirements needed. End of story.The way this works in Costa Rica is that whenever ANYBODY files any kind of complaint, the company goes on a list. Periodically, SUGEVAL publishes a list of these companies in the paper. The notice says to the public, very specifically that (to paraphrase) "The following companies have a complaint against them filed with us. They are not registered with us. If you (public) do business with these companies, you are on your own! "That is the essence of the publication's message. They don't say that the companies 'may not be required' to be registered (BY LAW) and by this small but significant omission this leads people to erroneously infer that somehow the companies are supposed to be registered, are operating illegally or are doing something 'bad' when this may not be the case at all, and often isn't, as our letter indicates in specific legal language.#3...The complaint goes along the lines that these companies mentioned are somehow involved in soliciting for investor funds, selling registered securities, offering false credit etc. etc. which the record will clearly show when it all comes out, that those making this complaint have absolutely -zero- basis for the allegations and the investigators will find that they will be greatly embarrassed by their own gullibility to pursue such claims with such fanfare without a shred of evidence or probable cause.We knew of the complaint a year ago and dealt with it head on by making direct contact with SUGEVAL of our own initiative and we thought we had put this nonsense to bed back then.Regarding the recent raid - the investigators could have just requested a meeting with us to review the allegations and lack of evidence and request our cooperation to assist in the matter prior to making such a big show, they could have quietly bowed out with some grace from such a debacle.You have to remember, Costa Rican law is based on Napoleonic code which requires no probable cause to begin an investigation and whoever makes an allegation against you (real or contrived) puts you in a position that you are guilty until proven innocent and the burden of proving your innocence then falls on you ! How nice. Unfortunately, this just goes to show further, one reason why smart people are leaving Costa Rica by the boatload.#4... The article refers to a phone room in Escazu ? The Escazu office has been there for almost 6 years performing member support services and it continues to this day. There are exactly 3 desks and two work stations. Does this sound like a phone room? Walk by and look in the window. There have never been any sales people or 'phone room' operation going on there. It is a fulfillment center which sends out member materials and welcome packages to members of our private business club. The member package includes materials from a variety of service providers our members are introduced to.Further evidence of deliberate smears and willful lack of attention to (or concern about) the facts:From A.M. Costa Rica: "Two of these investors are Costa Ricans and former employees " Fact: These people were never employees, nor were they investors with the companies they complained against.From A.M. Costa Rica: "Agents said the two men had from $5,000 to $8,000 each in his businesses." Fact: This might be in the complaint, but really, would professional agents be discussing 'allegations' with unrelated third parties (A.M. Costa Rica) as though it were a determined fact when they are only just beginning an 'investigation'?From A.M. Costa Rica: "The card was issued by Continental Trust in Switzerland" Fact: Club members at one time received as a member benefit a debit card (which they had to activate with full ID and KYC documentation to the MasterCard processing company authorizing it) which was marketed by a company with no such name and had no relation to Switzerland.From A.M. Costa Rica: 'Tradex is believed to sell bonds' Fact: Well, maybe somebody does 'believe' that, but it's absolutely absurd and not a part of the real world that most of us live in. Do you see how words can be used and twisted to serve a pre-determined agenda with absolute impunity ? This statement is a clear indication of the intent of the author.From A.M. Costa Rica: "Investigators said Thursday that they have not developed enough evidence to seek an arrest" Fact: Exactly! Nor will they ever. So why doesn't A.M. Costa Rica do the responsible thing and try to present a balanced view rather than splash their front page with sensationalism clearly rife with redundant errors that have, as an end result, irreparable damage in the public eye to the reputation of a business that has been well established in Costa Rica for over 6 years ? Sure, A.M. Costa Rica will cop out by referring to 'their sources'. It doesn't work. An organization that doesn't fact check, regardless of the source is an irresponsible organization that doesn't deserve the trust of the public. Period. Case Closed.Foot Note: Tradex has had other bouts with trouble makers which seem to be everywhere in Costa Rica and has never flinched. People have sent in immigration officers trying to seek deportations which never occurred. People have sent in tax authorities only to find everything is in order. Anybody can walk up to the office from the street. It is located in a public courtyard/commercial center.Final Note: If A.M Costa Rica is a responsible, reliable publication of real, objective 'news' that the public can have confidence in, why did they never once even try to contact the accused to get their side of the story before putting the gristle on the grill ?Decide for yourself who you want to associate with !Rex FreemanRex Is Done, Back To Don: OK, to sum that up, there were two people who had accounts in Costa Rica. They lost money due to their own inabilities as traders and decided to take it out on Rex by filing a criminal complaint. I contacted the Fraud Section of the Judicial Investigation Organization (OIJ) in Costa Rica and spoke with them about the investigation. They did confirm that there is an open investigation. They also confirmed that the investigation has been prompted by the complaints of the two Costa Ricans, and that they recovered computer equipment with an intent to determine the nature of the business operations being conducted there. So, the raid did happen. There are outstanding complaints in Costa Rica, and authorities are investigating.Hey, Rex is like Eric! There is also an open criminal complaint against Eric Jackson in Panama, and the Prosecutor is investigating that case. OK, let me talk about calumnia y injuria in Panama a little. You simply can not say things that are defamatory and not true in public in Panama. It's a crime. Anyone who is a victim can make a criminal complaint or file a civil lawsuit, and there are time constraints on both. The complaint goes through a filtering process at the PTJ, and if they decide that a crime has been committed then they forward the file to the prosecutor's office for investigation. It's up to the prosecutor to fully investigate and "flesh out" the case to prepare it for trial. They have to be sure that they have enough evidence to win a conviction before a judge.Bitch, Thief, and Asshole: People get mad at other people all of the time, and they tend to rant and rave against the person who happens to be pissing them off. If you call someone a "bitch" or and "asshole" for example that's not a crime because you're just basically expressing your opinion about that person in a vulgar manner. If you call someone a "thief" then you are alleging that the person is breaking the law, which is a crime if unfounded. Calling someone a "con man" or "scammer" is also a crime (if unfounded) because it alleges criminal activity or that someone is breaking the law. Now here's the hard part for journalists - I report on crime all day long and it's easy to do. You just stick to the facts and report on the case. Reporters only get themselves in trouble when they stick themselves into the story in some way and make their own allegations. Back To Bocas del Toro: Take the land issues in Bocas del Toro, for instance. I'm investigating allegations made by Jean Morales that Cirilo McSween is trying to steal 55 hectares of land from her. Now, regardless of what I think about those allegations, the person making the allegations is Jean Morales (not Don Winner.) If Cirilo McSween does not like to see me writing about those allegations then that's just too bad, and I suggest he address the allegations of Jean Morales in court. But I can talk about it all day long without slandering or defaming Cirilo McSween.What About Pedro Miguel Gonzalez: Now, that sucker has been indicted by a federal grand jury which makes my job easy. I can talk about the indictment all day long, especially the part about how he's been indicted as a terrorist or under a law specifically written to allow the government of the United States to prosecute international terrorists who have killed or attempted to kill US citizens abroad, which makes Pedro Miguel Gonzalez an indicted terrorist. But it's not me saying that - it's the federal grand jury. Not so tough.One Last Word on Rex Freeman: Is he ripping people off? I don't think so, or at least I have not seen anything that indicates that he has. Is he running schemes for offshore asset protection and skirting the edge of IRS compliance? Probably. One of the other things I have learned over time is that there are all kinds of ways to establish "close to the edge" legal practices and financial arrangements. The lawyer or company establishing those structures is not breaking the law by setting them up, but the individual who comes along and uses them to break the law then has a problem. This happens all of the time, for examples look to Eddy Kahn and Wesley Snipes. Everyone who is making a lot of money wants to find ways to avoid paying income taxes, and to everyone who would go down that path I would say "forget it." Compliance responsibility falls upon the individual when it comes to the IRS, and if you're trying to get away with something then you are exposing yourself to a huge and unnecessary risk.Take The Time to Learn the Truth: I would urge you to simply consider the source and make your own call. You are all very smart people with great-big brains and ability to think for yourselves. I admit that it bothers me to see Eric Jackson taking chunks out of another victim. But you should also know that Rex Freeman is not a personal friend of mine (we have met exactly once), nor does he advertise on my website. In the case of Rex Freeman there are, as usual, some elements of truth to the stories Eric Jackson writes - like a raid did occur in Costa Rica. But for the most part it's apparently just a continuation of a personal conflict between Rex Freeman and Eric Jackson. And with regards to the report published in AM Costa Rica (and echoed by Eric), I see it as lazy, inaccurate, biased, unethical, and morally questionable "reporting" which has been Eric's trademark for years. Really, no surprise at all.Copyright 2007 by Don Winner for Panama-Guide.com. Go ahead and use whatever you like as long as you credit the source. Salud.
The article I posted was, I think, from Friday.
Check out the article concerning this at panamanewsblog.com paints a bit of a different picture but one can draw their own conclusions. Seems there was a raid of the tradex offices but it was possibly due only to a complaint filed by two former associates/employees of the company. In Costa Rica apparently, this can happen. An investigation may still be ongoing but I don't believe they found anything against Rex or the company. I still believe Tradex to be completely legit for now. However, I don't know if I completely trust a guy who is the head of a company who has 2 different names LOL! I do think TDXG should come out with some kind of PR or communicate with shareholders soon. They haven't issued a PR in quite a long time and i'm losing confidence here IMHO
looking for the original article....how old is this article? Looks like the same Tradex..
Are these the peep affiliated with this?
Agents investigating expat financial figure and wife
By Elise Sonray
and the A.M. Costa Rica staff
An expat consultant and his wife are being investigated for running unregistered financial operations here, according to the Sección de Fraudes of the Judicial Investigating Organization.
The investigators confirmed Thursday that they had conducted a raid on the premises of Trade Exchange S.A. Oct. 30 as part of the investigation.
The individuals involved are Mark Emory Boswell, who uses the name "Rex Freeman" in his online financial operations, and his wife, Evelyn Reed, said the investigators.
Boswell, formerly from Colorado, had lived and operated his business in Costa Rica since 1999. Although some of his businesses still are operating here, Boswell shut down Interglobal Finance S.A. in November 2005 and moved the bulk of his operations to Panamá.
Both Trade Exchanges, identified as Tradex and Interglobal are among the 19 companies that the Superintendencia General de Valores lists on its Web site as operating here but not registered with the government. The agency said that operating without registration is a violation of the securities law and the commercial code and punishable by prison.
Tradex is believed to sell bonds, other financial instruments and even real estate via a phone room based in Escazú, said investigators. At the time of the raid about five or six persons were working there. Now the firm continues in business with one employee, they said.
Two other firms believed associated with Boswell are Kerford Investments S.A., and Strategic Management Services S.A., which also are on the Superintendencia's unregistered list.
Bosell, using the name Rex Freeman, published at
least two articles is EscapeArtist.com, a Web site that promotes high-return financial services. He said in January 2005:
"I left the U.S.A. probably for many of the same reasons most do; the erosion of rights, the lawlessness of the courts, the intrusions of privacy, the omnipresence of big brother and the general mental decay of society. What once made America great, is now gone, or at best is quickly disappearing and I’d had enough. It was time to go."
He bragged on how he could make a good living dealing in foreign exchange with a computer as a permanent tourist in Costa Rica. The next month he wrote an article on how to buy property here for pennies on the dollar using a third-party trust.
The Judicial Investigating Organization agents said that at least 150 investors are involved with Boswell's firms here. Two of these investors are Costa Ricans and former employees. These are the individuals who have signed complaints against him. Agents said the two men had from $5,000 to $8,000 each in his businesses.
When Boswell moved to Panamá he quickly sued Eric Jackson, operator of the Panama News. Boswell appeared to be upset with a story Jackson wrote titled "'Patriot' militia radio personality to expat investment hustler." In the article Jackson chronicled how Boswell left Colorado where he had a right-wing weekly radio talk show and then set up business in Costa Rica. Interglobal is believed to be registered in Panamá now.
One of the former employees who filed a complaint said that Boswell's business caters to those trying to hide assets offshore. The ex-associate displayed a credit card that had no name imprinted on it, just numbers. The card was issued by Continental Trust in Switzerland, it said.
I was thinking about calling a while back but I decided not to....i'm not going to email them again either. I think they cannot discuss anything for a reason. This company obviously does not want any inside info leaked whatsoever. Most companies will at least tell you when a PR is coming.....which gives me reason to think next PR will be big. I am just going to wait it out (very difficult to do, i'm getting impatient!) TDXG will play out big IMO. In the mean time, lots of other good stocks to play. GLTA
Absolutley nothing! They won't tll me anything. I've asked if there is a buyout - no answer. I've asked if we'll be getting a PR - no answer. They just say "We cannot discuss that at this time."
so what did they say when you talked to them before sooner?
That's why I haven't bought yet and have more
research to do, but was referred to this stock and looked at the chart and was pleasantly surprised to not see a left to right ski slope, over three months that is, a year is a different story.
briboy
I haven't called them. I emailed them with no reply. It is a possibility they are still negotiating some kind of merger or buyout deal and they don't want to comment on anything. Would like to turn this stock over some time soon for some liquid...lots of shells i'd like to be putting some $$$ into. Hopefully we'll hear something soon. I know Klaw is still high on this stock so hopefully it pans out.
Anyone talked to the company lately? I'll try to call them again Monday but so far they are EXTREMELY tight lipped...
Charts won't mean a thing if this company announces a buyout....that's what i'm expecting here. IMHO
One year chart, not so good. Three month chart
looks pretty good. I have been kept abreast of this stock and have it on watch list.
thanks
briboy
Still quiet here......would be nice if we heard something soon. Thinking about buying more....
I do not think we will hear anything from the company until a deal is done (buyout). Patience will be rewarded greatly here IMO.
Not much going on over here... sure wish the company would talk to us...
sooner....check my profile, my email address is listed there. Will look forward to hearing from you.
Heh...Well, looks like the company still must be in some kind of quiet mode for now. I thought we would have heard something by now but I still do believe a deal is being worked on. I haven't heard from Klaw lately....i'm thinking the only thing we can do now is be patient and hold our shares until news hits, and it will eventually IMO.
Just playing.. lol ;) But it would be nice!
I second that!!! Thanks KT for ALL you guys do for this wonderful country of ours!!!
Glad you're home KT!!! Just in time for the OU v Texas game!!!! :)
Nope. I did'nt get any email back from them. I hope it's just the multi-million dollar deal quiet period thing and not that they just aren't shareholder friendly :)
LOL.....are you actually being serious or just playin' me?
Kt...EXCELLENT! I'm so glad you made it home. I don't think it gets said nearly enough but thanks to you and all our military for what you have done over there. Now let's get RICH! LOL
hey thanks hestheman. Just to let you know i made it home safe and now get to view the stockmarket blunders in the normal hours of the day. lol good to see you guys are still around. i will be sitting and watching.
hear anything from the company?
Keep thinking it will be any day now... Tried to get some info out of them but no luck!!! :)
Love to see news here and this to wake up again!)eom
Wow - that's weird you said that.... Because that's EXACTLY what it sounded like!! lol :)
Did they seem suspiciously tight-lipped to you at all over the phone... Like they were hiding a multi million dollar deal? LOL
I know! The last time I called, they wouldn't tell me squat!!! And, believe me I tried to pry...
I contacted the company yesterday via email. I asked if the company planned on putting out any press releases in the near future. I have received no response as of yet. I still think the company has been way too quiet....I'm looking forward to Oct.
.10 will be nice.....but honestly I am looking for us to go back to at least .30 JMO I think it can do it. Hope you are doing well kt
i am still around patiently waiting. i am still in the green with where this stock currently is so i will be holding for a as long as it takes to get back up to .10 +
Too quiet here. Wonder what TDXG management has cooking behind the scenes.
We as shareholders own the company.
Federico Pozuelo and Hernan Castro run the company. They need someone else to do the investor relations and put out the press releases.
From my DD, TDXG numbers should show
~ 800% increase in net income = $8,757.16 ...
(-10849.50)(7/31/06) - (-1046.17)(12/31/06) = + $9803.33
(-1046.17) + 9803.33 = $8,757.16
(-1046.17) to $8,757.16 a 800% increase
~ 50% increase in assets under management = $13,975,344.57...
21.7%(1/29/07) - 13.26%(2/20/07) = 8.44% monthly increase x 6 months =
50%
~ 90% increase in transactional volume...
45% (Q1 increase) + 45% (Q2 increase) =
90%
I think they will do a deal. Now waiting to see with who:
Investors Capital Holdings Ltd. (ICH)
JMP Group Inc. (JMP)
eSpeed Inc. (ESPD)
AMEX(American Stock Exchange LLC)
The Chicago Board Options Exchange (CBOE).
The OTCBB
Pink Sheets® LLC
BSE (Boston Stock Exchange)
NSX(National Stock Exchange)
No PR yet....but still hanging in there and still have a great feeling about this one. Hope we hear news sometime shortly.
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