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Looks that way, still have my 400 MAMG shares valued at .05 after having 1.2B GVRP that was valued at over $250K @ one point! lol
Looks like it will simply serve as a reminder in our account that the SEC really only protects big money and not retail investors.
I can't think of a single change in the market that has helped me, as a retail investor, make more or lose less money. On the contrary, I think the changes have resulted in me making less and losing more.
I guess nothing will ever happen here?
YOu comment on Boynton beach intrigues me. Has the scam caital sprouted North to Boynton and Delray? I have a good reason for asking
BVLE seems flat-lined too.
looking over the SEC filings I read the scam that kirschner pulled here and the stock still halted.
I still show GVRP and MAMG as seperate holdings
And Boynton Beach.
yup. Don't forget Boca Raton.
Boy, a lot of mobsters sure come out of Clearwater Florida.....uh, not that I'm implying that's the case here. I'm sure it's purely coincidental.
PRMD:
http://www.investor.reuters.com/business/BusCompanyOverview.aspx?ticker=PRMD&target=%2fbusiness%...
wonder which one of the 11 employees sold the original share a zillion times...
and some more 'info'
http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_74161V101
and more fun reading.
http://yahoo.brand.edgar-online.com/default.aspx?cik=1081275
Pearce still running the show. F'n insane.
The biggest FRAUD in the history of ALL markets, brought to you by the SEC
OK, These bastages transferred the Digikidz properties out to their other shell BVLE (bidville) - well to further obfuscate things... they changed that ticker today..
13:41 08/17/2006 BVLE Bidville, Inc. Common Stock PRMD PrimEdge, Inc. Common Stock **
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/16/2006&mkt_ctg=NON-OTCBB
Must have been someone else. My hands were in my pockets. ;)
I'm touched. Thanks.
Thanks for that post. I've seen bits of that information scattered around but it sure is nice to have it all together in one place.
this is nothing but beating a dead horse for over a year now...
Yes, and I hope the authorities don't lose interest in stopping them from doing that.
I agree with most of what you say, however, due to the complications (FS results in exceeding authorized share structure, etc) regulators should have been given more time. A reasonable time might have been a week, or several weeks but less than a month. A year and a half, yep, the SEC is a disgrace. Clear who they work for and protect and it most certainly is not investors.
There is ABSOLUTELY NO MARKET INTEGRITY IN THE USA, JUST MASSIVE FRAUD!
Or try to transfer everything to another company and symbol and trade under that...which I think is what they are still attempting to do...
Bill, the difference is in those cases the little guy had to cover, so the SEC does nothing..when an insider or MMs screw up SEC steps in and protects them at the expense of the little guy..It is that simple..The fact that over a year later this is all that came out of this is a disgrace. It should have taken 10 minutes to figure what happened here. Also SSP emailing the company 10 minutes after the screw up to tell them to stop and they and friends still sold....PLEASE..the market favors the house more than, Vegas, bookies and the corner 3 card monte game....
Grey Sheet Shell Companies
A Grey Sheet Shell Company is a Pink Sheet that has not filed a 15c2-11. Due to this fact, all orders to purchase the accompanying stock must be unsolicited and the issue is “non-piggyback” qualified for market makers. This means that each market maker is responsible for conducting their own due diligence and cannot rely upon the due diligence of another market maker who has previously quoted a bid or ask price for the stock.
A Grey Sheet is a non-reporting entity and is sought out by companies who are interested in going public in the sense that they have a symbol, transfer agent and shareholder base, but do not have the immediate need for high liquidity and high trading volume of their stock. It is a sound vehicle for companies in need of capital in the amount of $1 million or less and can be ideal for conducting Rule 504 registered public offerings; Rule 504 accredited investor offerings and similar exempt intra-state offerings.
Grey Sheet Shells and their relevant offerings are generally for young or start-up companies that do not want to actively trade their stock and attract attention from the street until they have completed acquisitions; generated increased revenues or completed other short-term (less than five years) plans, but still desire the benefits of being a publicly traded company. These companies have the ability to: attract investors who want to know that there is an exit strategy in place for the near future; increase acquisition strength; attract venture capitalists; and enjoy the general status benefits of being a public entity.
Grey Sheets are also used by companies that already have a small number of shareholders to help them establish a larger shareholder base by conducting a 504 offering as discussed above. Typically, the NASD considers a shareholder base as a factor in approving 15c2-11 applications for market maker quotations on either the pink sheets or bulletin board. Consequently, and importantly, Grey Sheet Shells can assist companies establish a trading history through the 504 offering and with sophisticated investors, without the added expense of being a reported entity.
Since Grey Sheets do not qualify for short sales, the fear of short selling by the street is also eliminated. Also, because market makers may only quote unsolicited bids and asks and cannot “make a market” in a grey sheet stock, there is no concern of a market maker short selling the Grey Sheet stock either.
Grey Sheets can evolve into Pink Sheet Shells or Bulletin Board Shells by filing a Form 10 or similar registrations statement as well as a 15c2-11 application to be quoted on the bulletin board, and may even bypass the application to be quoted on the pink sheets.
Grey Sheets can range in price from $50,000 to $90,000.
This site is intended as a public resource for those gathering information and conducting due diligence for reverse mergers and public shells. It is not a solicitation to buy or sell securities and should not be construed as legal advice or considered to be a replacement for retaining securities legal counsel. For more resources, use our search box below.
http://www.pinksheetsotc.com/grey_sheet_shells.htm
I only knew that because I owned the stock at the time.
Back during the Y2k penny run or shortly afterwards
I came across this, it's pretty good, I thought. Probably lifted it from the NASD site, lol (psst... be sure and click the links on the far left)
http://www.wintermangroup.com/q&a.htm
General Questions
1. How do I buy or sell stock in a company that is quoted on the OTC Bulletin Board ® (OTCBB)?
The process of buying or selling OTCBB stock is the same as buying or selling any other stock. You must open an account with a broker (a party that executes buy and sell orders). You cannot buy OTCBB stock directly from the OTCBB or the OTCBB.com.
2. Can a security be traded on the OTCBB and NASDAQ ® at the same time?
No. The OTCBB is a quotation service for securities which are not listed or traded on NASDAQ or a national securities exchange.
3. What are some of the differences between companies quoted by an OTC quotation service and companies listed on a stock market?
Stock markets (including NASDAQ and the registered exchanges, such as NYSE or AMEX) have specific quantitative and qualitative listing and maintenance standards, which are stringently monitored and enforced. Companies listed on a stock market have reporting obligations to the market, and an on-going regulatory relationship exists between the market and its listed companies. OTC quotation services (OTCBB, Pink Sheets) facilitate quotation of unlisted securities. As such, any regulatory relationship between an OTC quotation service and the issuers may be relatively limited or non-existent.
4. What is the difference between OTC, other-OTC and OTC Bulletin Board (OTCBB)? And where do the Pink Sheets fit in?
An over-the-counter (OTC) security is generally considered to be any equity security that is not listed on NASDAQ, NYSE or AMEX. The OTCBB and the Pink Sheets are both quotation services for OTC securities. NASDAQ operates the OTCBB service and permits NASD members to quote any OTC security that is current in certain required regulatory filings (see Listing requirements ). The Pink Sheets is a privately owned company that permits NASD members to quote any OTC security and does not maintain regulatory filing requirements. An OTC security can be dually quoted on both the OTCBB and the Pink Sheets. As well, there are many OTC securities that are not quoted on either the OTCBB or the Pink Sheets; however, they have trading symbols assigned to them so NASD members can comply with trade reporting obligations and report transactions in these securities. These securities are sometimes said to be on the "grey market".
Other-OTC/NBB . Any OTC security that is not quoted on the OTCBB but is eligible for trade reporting on the Automated Confirmation Transaction Service (ACT) is categorized as "other-OTC" or non-Bulletin Board (NBB). You will see both of these terms throughout the OTCBB.com website. This includes, but is not limited to, securities quoted on the Pink Sheets. Because other-OTC securities are not quoted on the OTCBB, you will not be able to access quotes on these stocks through the OTCBB.com website, the NASDAQ Workstation II, or any other NASDAQ product. If they are quoted on the Pink Sheets, you may be able to obtain quotes for other-OTC securities on the Pink Sheets website at www.pinksheets.com.
5. What is the correct way to refer to the OTCBB or securities quoted on the OTCBB?
Correct and accurate terminology when referencing the OTC Bulletin Board are as follows:
OTC Bulletin Board
Quoted on the OTC Bulletin Board
Listing and Eligibility Requirements
6. What are the "listing" requirements for the OTCBB?
Because the OTCBB is a quotation service for NASD Market Makers, not an issuer listing service or securities market, there are no listing requirements that must be met by an OTCBB issuer. Accordingly, there are no financial requirements and there is no minimum bid price requirement.
7. Are OTCBB companies considered to be "listed"?
No, the OTCBB is not an issuer listing service, and there is no listing agreement between either the OTCBB or NASDAQ and the issuer. There are, however, certain requirements an issuer must meet in order for its securities to be eligible for a market maker to enter a quotation on the OTCBB.
8. What are the eligibility requirements for the OTCBB?
In order for a security to be eligible for quotation by a market maker on the OTCBB, the security must be registered with the Securities and Exchange Commission (SEC) or other federal regulatory authority that has proper jurisdiction (see below) and the issuer must be current in its required filings with such federal authority.
Domestic issues quoted on the OTCBB are limited to the following securities:
securities of issuers that make current filings pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ("Act");
securities of depository institutions that are not required to make filings under the Act, but file publicly available reports with their appropriate regulatory authorities;
securities of registered closed-end investment companies; and
securities of insurance companies that are exempt from registration under Section 12(g)(2)(G) of the Act.
Foreign issues and ADRs must be registered with the Securities & Exchange Commission (SEC) pursuant to Section 12 of the Securities Exchange Act of 1934.
9. How many market makers are required for a security to be on the OTCBB?
A minimum of one market maker is needed.
10. What are the listing fees for the OTCBB?
There are no listing fees for the OTCBB. Market makers do pay a fee for participating in the OTCBB of $6 per security per month.
11. Does the OTCBB have shareholder approval rules?
No. The OTCBB does not have shareholder approval rules.
12. Is an OTCBB issuer required to have an audit committee?
OTCBB issuers may choose to have an audit committee, and certain OTCBB issuers may be required to have an audit committee by virtue of an applicable law or rule. However, the OTCBB rules do not separately require OTCBB issuers to establish or maintain an audit committee.
13. How does a company get on the OTCBB?
An issuer may not submit an application directly to be quoted on the OTCBB. A market maker must sponsor the security and demonstrate compliance with SEC Rule 15c211 before it can initiate a quote in a specific security on the OTCBB.
14. How does a security delisted from NASDAQ or an exchange get on the OTCBB?
For a security being delisted from NASDAQ, NYSE, or AMEX, a Market Maker must file a Form 211 and a Form 211 Addendum.
15. Can a company be "delisted" or removed from the OTCBB?
OTCBB issuers that become delinquent in their required regulatory filings will have their securities removed from the OTC Bulletin Board. Further, all OTCBB issues must maintain at least one registered Market Maker to remain on the OTCBB. When the last Market Maker in a security withdraws from the stock, the issue is removed from the OTCBB after 4 days pursuant to Rule 15c2-11. An issuer cannot voluntarily withdraw from the OTCBB; only a market maker can voluntarily withdraw it's quote from the OTCBB. If an OTCBB security becomes listed on NASDAQ or an exchange, it will no longer be eligible and will be removed from the OTCBB.
16. Can a company appeal the removal of its securities?
The issuer of a security quoted on the OTCBB may appeal the removal of its securities to a Hearings Panel that consists of independent persons appointed by the NASD board. The pool of panellists includes accountants, investment bankers, corporate officers and securities lawyers. A request for a hearing will stay the determination to remove the securities pending a determination by the Hearing Panel. Such requests should be faxed to the Hearings Department at 301.978.8080 no later than 4:00 pm , two business days prior to the scheduled removal date. All hearings will be governed by the Rule 9700 Series of the NASD Rules. Hearings are limited to the question of whether the issuer is current in its required filings.
17. May a company appeal the Panel's decision?
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Form 211 (SEC Rule 15c2-11)
18. What is a Form 211?
The Form 211 is the form which must be completed and submitted to NASD OTC Compliance Unit to initiate or resume quotations in the OTCBB, the "Pink Sheets", or any other comparable quotation medium pursuant to SEC Rule 15c2-11
19. After a Form 211 is filed, how long until the security can begin quotation on the OTCBB?
There is no standard time to process a 211 and clear the market maker to begin quoting a security on the OTCBB. The time it takes to review a 211 may vary significantly depending on many factors including whether or not NASD has to request additional information from the market maker that submitted the form and upon how long it takes the market maker to respond to requests for additional information.
20. How do I check the status of a Form 211 filing?
Contact the. NASD OTC Compliance Unit Please note that the Form 211 review process is proprietary and, thus, NASD will only discuss details of the filing or review directly with the firm that submitted the Form 211.
21. Do financials submitted with the Form 211 have to be audited?
Yes, the periodic reporting requirements under NASD Rule 6530 require annual audits of an OTCBB issuer's financial statements. However, current NASD rules do not require the financial statements of Pink Sheet issuers to be audited, but they should be prepared in accordance with GAAP or, for foreign issuers, in accordance with their home country's accounting standards.
22. Do I have to file a Form 211 for a security delisted from NASDAQ?
A delisted Nasdaq Issuer that wishes to be quoted on the OTCBB should contact their market makers to request that they complete a Form 211 for review and processing
23. Do I have to file a Form 211 for a New York Stock Exchange or American Stock Exchange delisted security?
Yes. Prior listing on NYSE or AMEX does not exempt a Market Maker from the Form 211 filing requirement.
Ahhhhh, I didn't know that.
I think they'll steer clear. They don't like complicated situations, and signing off on a Form 211 involves accepting potential liability.
For once I got ya Jannice. No - I mean CMKI the predecessor to CMKX!
It had a 10 to 1 FS or an 8 to 1 FS I forget which now, back in 2000/2001.
Investors were delivered their shares early and thinking they were seeing an instant 10 banger sold. Well there were some delays in the actual execution of the FS and it turned out that those investors who sold and drove the price from around .10 cents to about .015 cents had to buy the shares back.
The stock quickly went from .10 to .015 or so and back to like .07
All kinds of confusion, lots of people pissed off, and one simple rule, investors were forced to COVER.
Same should apply with GVRP. If you cant do it within the share structure of the company then give a 30 day notice to have the hockey pucks cleared or else have a $1000 a share post ILLEGAL REVERSE SPLIT share buy in.
Broker's for investors who sold in error would be on the hook to pay out once their clients went belly up.
I bugged the crap out of my full service broker and they said Chill Billy, the stock has not split yet!
A broker dealer would have to file a Form 211 right? Who would do that? Someone with a vendetta against the seller or sellers? I've tried to imagine any scenario in which someone would file and this is the only one I can imagine.
Don't know. But after what they did, I hope they don't ever trade again.
Do you think MAMG will ever trade again? I can't imagine why anyone on the sell side of this trade would ever want that.
The Golden Rule: Them whose have all da gold make da rules.
Yes, they are, but CMKX was just a scam. Run on a very large scale, but an ordinary pump and dump.
Unfortunately, retail traders are all totally irrelevant to *this* subject.
The raw emotion of it all
CMKI????? You mean CMKX??? Totally irrelevant to this subject.
They screw a proper "market settlement" and then allow those guilty of crimes to walk away scott free. They assume traders will never take them to court.
Investors get the shart at the expense of the failures of regulators.
How come EVERY other FS play that is a screw up gets settled in the marketplace?
How come PAIM, CMKI, GLKC
What are some other ones? I know a recent one ran and something similar happened with MSSI or a symbol like that.
They really run EXTREMELY HARD when INVESTORS have the problem but somehow the "exception to the rule" clause always gets brought up and the SEC/NASD forces the stock to not trade when brokers, market makers, and insiders have the problem.
Remember 138,000 shares were sold by insiders. Why is it that the SEC is only going after the new officers 19,500 shares.
If the SEC is going to grant the request for relief for the NET CAPITAL rule to brokers then the very least they should do is pursue every single share that was in the original 3M shares let lose and FINE the individuals who sold them a minimum of THREE times the transaction amount.
Pay close attention in the charges brought so far, the SEC let the guy keep $20,000 and then fined him like $45,000.
For something of this magnitude either let it play out in the market place or recover all of the money * 4 and return the money to investors.
The SEC's behaviour here is outrageous
Good Question. Either way it's now a moot point.
the thing I can't figure is that MAMG isn't trading, so, aren't the perpetrators of this scam stuck as well, or did they just dump it all on us?
yep time to finally close this chapter and move on.....
Chalk another one up for the bad guys......
never mind...answered my own question:
May 17, 2005--GLUV Corp. (Pink Sheets:GVRP - News), announced today it has finalized a Merger Agreement with DigiKidz Holdings, Inc., a Florida corporation. GLUV Corp. has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.
or her original agenda was to paint a solution desired by MMs and brokers
i am in so many of these that r screwed up i can't keep them straight....isn't that a mamg company? digikidz?
It's old news to her - she's probably on to something newer! lol
Posted by: Obi_Penny_Kanobi
In reply to: None Date:8/12/2006 9:54:02 AM
Post #of 30
Some after hour news- DigiKidz, Inc., Licenses ""Spider-Man"" From Marvel for Children'sPersonalized DVD
Aug 11, 2006 16:34:11 (ET)
PALM BEACH GARDENS, FL, Aug 11, 2006 (MARKET WIRE via COMTEX) -- DigiKidz, Inc., a Florida producer and marketer of personalized DVD products for children, and owner and operator of the e-commerce website, www.digikidz.com , announced today an agreement with Marvel Entertainment for the licensing in the United States of Spider-Man and his family of characters. Under the agreement DigiKidz will produce a personalized DVD in which a child can star as Spider-Man. Creative work to add a child as customization will be done by DigiKidz designers. Distribution of the customized DVD is currently being arranged and will include major retail chain outlets.
About DigiKidz, Inc.
DigiKidz, founded in 2004, is a marketer of numerous types of personalized products for children. In 2005 it began to focus its sales and marketing efforts on a new proprietary line of twelve (12) personalized animated video adventure stories, and also produced its first entertaining, but educationally-oriented, DVD for toddlers. In late 2005, its proprietary product lines entered into several mass market distribution tests (both online and "brick and mortar") that have provided key strategic alliances, insights and distribution opportunities that DigiKidz will leverage in 2006.
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
For More Information Contact:
DigiKidz, Inc.
Press Relations
(561) 296-3701
SOURCE: DigiKidz, Inc.
Home of the Golden Cross.
http://otctrendfinders.com/Home_Page.php
did u hear anything back from carol?
yup. I saved all my emails from her, and replied to one with the link to the DOC here on iHub, along with a note to try and read this thread when she has the time.
maybe....
has anyone sent the sec docs to carol remond?
Sadly, you are so right.
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