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That's the concensus of opinion over on SI.
They also think that TGL-Live was targeted - because it got talked up in there by someone who had been hyped by the Transfer Agent.
I don't think those New York SOBs have a clue who they're jerking around, because a lot of USA & CAN people at TGL have $$$$$$$$$$$, and so do some of the folks from Europe who participate.
A class action lawsuit has already been set in motion; these guys are "..PIZZED..." with a capital WHIZZ..!!
It ain't over 'til it's over, aye.............
It's always sad to see good technology get hosed-over by some slimy SCHLOCKS who think "esq." gives them some special license to steal.
John
"..Have you hugged your Grandkiddies today.."?? and...Merry Christmas everybody..!!
.
It's so transparently criminal. It makes you wonder if there isn't collusion ahead of the fact between the MM's and the principles. Otherwise, the MM's would just be winging a short on a prayer that the company will go along with a naked short cover. The is is the most blatently manipulative part of the mk't, it happens on the NASDAQ as well, remember GRIN? And just a couple of months ago, VLPI I believe, was the anthrax related stock with a similar naked short than issuance of shares to cover. MM's have become desparate to maintain their profits, and are going to kill the OTC, their golden goose, just to fleece the wool for one more season.
Anyway, I saw your post on errorl on SI, is he bashing the stock?
imho, Jerome
(..more Bish goodies from SI..)
More IRAC saga, well well, seems a couple of these names in IRAC should be familiar to quite a few posters on this thread:
Issac Nussen....remember AMJY which became AMJC?
Now trades around .005, they did a 1:300 reverse back in May, and then magically had, oh about "166,418,258 shares outstanding as of September 30, 2001; Series A Preferred Stock, $.001 par value per share - 200,000 shares outstanding as of September 30, 2001" and who recently filed, oh it was filed the 18th, but dated the 21st, gee these boys were busy with filings today, a DEF14A and they plan to increase the auth from 350 million to 600 million.....oops damn good thing, since on the record date there were 349,938,258 shares out, and the preferreds....oh to hell with all that.... and reincorporate and merge with their own subsidiary, which handily moves them from Delaware to......Nevada.
Nussen is still there still...gee there is a Weisz guy there as well, George but maybe that is short for Ghidale and he's got the same address as the IRAC Weisz guy, in fact all these dudes have the same address, AMJC has the same address....oh it's IRAC's address too, wonder of wonders.
http://www.freeedgar.com/search/ViewFilingsData.asp?CIK=1098332&Directory=910680&Year=01&....
http://www.edgar-online.com/brand/stockprofiler/people/?last=NUSSEN&first=isaac&compname=&am....
"..Have you hugged your Grandkiddies today.."?? and...Merry Christmas everybody..!!
.
What a fucking crock of shit!
IRAC 3:58 PM 0.01 -0.02 -70.37%
MOFO's!!! Is errol in on this? He is already being sued by someone else.
imho, Jerome
Heads up.........!!
From the discussions at TGL and the IRAC board on SI - there appears to have been a massive collusion between the MFMMM{/i]s and the company regarding recent filings (..containing really BS typo's in the text about dates..) to cover some massive naked shorting scheme.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=16818749
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=52154
Expect to see SEC involvement and massive lawsuits - if this turns out to be the case.
DYODD big-time on this one, folks.
John
"..Have you hugged your Grandkiddies today.."?? and...Merry Christmas everybody..!!
.
Thank you for just posting the excerpt.............
I read that 504 "...Doctoral dissertation.." on SI the other night, and if it was posted here Matt would have to add another Server...!!
Tee hee.
John
"..Have you hugged your Grandkiddies today.."?? and...Merry Christmas everybody..!!
.
50,000,000 done using rule 504 as follows:
General Rules and Regulations
promulgated
under the
Securities Act of 1933
Rule 504 -- Exemption for Limited Offerings and Sales of Securities Not Exceeding $1,000,000
a.Exemption. Offers and sales of securities that satisfy the conditions in paragraph (b) of this Rule 504 by an issuer that is not:
1.subject to the reporting requirements of section 13 or 15(d) of the Exchange Act,:
2.an investment company; or
3.a development stage company that either has no specific business plan or purpose or has indicated that its business plan
is to engage in a merger or acquisition with an unidentified company or companies, or other entity or person, shall be
exempt from the provision of section 5 of the Act under section 3(b) of the Act.
b.Conditions to be met
1.General conditions. To qualify for exemption under this Rule 504, offers and sales must satisfy the terms and conditions
of Rule 501 and Rule 502 (a), (c) and (d), except that the provisions of Rule 502 (c) and (d) will not apply to offers and
sales of securities under this Rule 504 that are made:
i.Exclusively in one or more states that provide for the registration of the securities, and require the public filing and
delivery to investors of a substantive disclosure document before sale, and are made in accordance with those state
provisions;
ii.In one or more states that have no provision for the registration of the securities or the public filing or delivery of a
disclosure document before sale, if the securities have been registered in at least one state that provides for such
registration, public filing and delivery before sale, offers and sales are made in that state in accordance with such
provisions, and the disclosure document is delivered before sale to all purchasers (including those in the states that
have no such procedure); or
iii.Exclusively according to state law exemptions from registration that permit general solicitation and general
advertising so long as sales are made only to "accredited investors" as defined in Rule 501(a).
2.The aggregate offering price for an offering of securities under this Rule 504, as defined in Rule 501(c), shall not exceed
$1,000,000, less the aggregate offering price for all securities sold within the twelve months before the start of and during
the offering of securities under this Rule 504, in reliance on any exemption under section 3(b), or in violation of section
5(a) of the Securities Act.
Note 1: The calculation of the aggregate offering price is illustrated as follows:
If an issuer sold $900,000 on June 1, 1987 under this Rule 504 and an additional $4,100,000 on December 1, 1987 under Rule
505, the issuer could not sell any of its securities under this Rule 504 until December 1, 1988. Until then the issuer must count
the December 1, 1987 sale towards the $1,000,000 limit within the preceding twelve months.
Note 2: If a transaction under Rule 504 fails to meet the limitation on the aggregate offering price, it does not affect the
availability of this Rule 504 for the other transactions considered in applying such limitation. For example, if an issuer sold
$1,000,000 worth of its securities on January 1, 1988 under this Rule 504 and an additional $500,000 worth on July 1, 1988, this
Rule 504 would not be available for the later sale, but would still be applicable to the January 1, 1988 sale.
Zeus on TGL LIVE says he called TA and was told the float on IRAC was 51 million shares eom
Seems like a good averaging down op - if no one is in too deep.
FWIF: I think I'd rather buy an equivalent lump of BMKS this morning, and hold that for a few months. (BMKS makes the beeper/buzzers used in the waitng line at OUTBACK and other restaurtants...).
John
"..Have you hugged your Grandkiddies today.."?? and...Merry Christmas everybody..!!
.
I just bought more at .045 and they lowered the ask,bashturds.
Shorted Firms Now Have Weapon To Fight Back
OTC companies at last have a weapon to defeat the powerful Market Makers who unscrupulously naked-short their stock in hopes of destroying the company and walking away with the money, obligation free.
Behold: The reverse stock split, accompanied for emphasis by a name change so new certificates are clearly required.
One company just pulled it off and has giant MM Knight and other greedy MMs looking at substantial losses they can do nothing about. I have often suggested a similar tactic for Wamex.
But, heretofore, it has been "theory" – just a seemingly good idea. But Intrac, once ITCCN, now IRAC, did it quietly and efficiently without public notice so MMs would have no time to counter the play.
Now Knight, said have sold "millions" of ITCN shares it didn’t have, must delivers those millions of shares to the buyers who need to turn them in to get new IRAC shares. What are they going to do?
What they are going to do is beg, borrow and, in the end, buy all the shares they can, putting a powerful upward pressure on the IRAC share price.
A little problem there, perhaps. There may not be enough shares which NITE et al can purchase at any price to meet all their needs. That can happen when you massively naked-short, sure that you’re strong enough to kill the company and never have too deliver. Then a dirty, dishonest but barely legal ploy becomes a federal crime – whoops!
You cod urge the CEO and board of your own shorted-stock firm to quietly vote a 1-10 reverse split. If you and your fellow shareholders hold fast and refuse to sell, the naked-shorters will eventually have to go into the open market and pay a pretty price for shares they need to meet their obligations.
Knight and other MMs have contemptuously use their financial clout as a weapon to obliterate promising companies, callously unconcerned about anything but the easy profit.
But now, OTC companies have the power and the weapon. It’s available to all and incredibly easy to operate.
We don’t want to kill the MMs – just make them behave like reputable members of the investment community, instead of financial terrorists. Now the means to make the is at hand. Will your company use it. I hope so!
ITCN/IRAC 1-10 Split Thwarts NITE, Other MMs
, Editor in Chief
Intrac, Inc. was once traded on the OTCBB under the symbol ITCN, but the
company found itself the victim of a massive and merciless attack of naked
shorting by Knight (NITE) and other MMs.
So without a word to anyone, not even its own shareholders, the company
changed its OTCBB trading symbol to IRAC, and pulled off a 1-10 reverse
stock split and left the MMs in a huge bind.
IRAC stock has jumped from 0.05 to 0.17 in a few days. A last minute Friday
trade of 400,000 shares @ 0.05 - between MMs, one would suppose - makes it
look like it has fallen, but trades have already exceeded the float of
300,000 shares, according to the transfer agent.
After the split, there are said to be only 1,008,000 shares outstanding, and
CEO Dr. Joseph Trachtman supposedly holds 700,000 of those. So, MMs are in
the market and the upward pressure on the price is powerful.
Picture the plight of the MMs. Stockholders must turn in certificates for
the old shares, now worthless, in order to get the new ones. But you can't
turn in shares you don't own, and you can't give your buyers the shares you
sold them if you never had them in the first place.
That means NITE and fellow naked-shorters must buy, buy, buy at whatever
price the market demands, and there aren't that many shares for sale. If
stockholders hold fast, the price could soar. About a dozen RagingBull
message boarders conducted a share count among themselves, and by Friday
410,000 shares had been posted.
One thing MMs are almost certain to be doing is trying to borrow ITCN stock
from their brokers. Brokers, who are frequently beholden to MMs, are willing
to lend their shareholders' shares ordinarily, but many shareholders have
instructed their brokers not to lend their shares, and brokers must oblige
or risk a lawsuit the shareholder would surely win. So, MMs may find little
help there. They may simply have to pay the price of getting caught in their
naked shorting scam, and pony up the cash to buy on the open market.
(That's soooo sad. Excuse me while I get a hankie to dab at my tears with.)
The thought does arise: What if more of the companies MMs have naked-shorted
to ridiculous extremes suddenly did as Intrac has done? The idea must be
giving MMs nightmares, and nobody deserves them more.
IRAC finally generating some excitement on RB boards over short position.
Call me crazy if you want,buying more IRAC today,something has to give.The silence from the company is deafening,a simple pr to clear the air re o/s,float,and whether any of the authorized have been issued,or if the company is selling shares to meet expenses would at least end the mystery,my greatest fear is that the co. is pulling a CGPN move.
IMO shorters at work!
CEO
Joseph trachtman
718-852-7856
attorney
Joel Schoner
1-212-344-1600
Call for info
That still right?
gotta TA#?
IRAC open high low close change volume
12/17/01 0.07 0.08 0.03 0.04 -0.01 1,057,400
12/14/01 0.14 0.15 0.03 0.05 -0.07 1,286,100
12/13/01 0.10 0.17 0.10 0.12 +0.11 97,000
12/12/01 0.20 0.20 0.05 0.05 -0.11 5,844,300
12/11/01 0.25 0.25 0.11 0.16 -0.08 2,956,400
12/10/01 0.25 0.33 0.15 0.24 -0.06 627,800
12/07/01 0.25 0.40 0.25 0.30 -0.05 55,000
12/06/01 0.40 0.40 0.25 0.35 -0.05 239,400
12/05/01 0.60 0.60 0.35 0.40 -0.10 94,000
12/04/01 0.50 0.60 0.50 0.50 -0.20 104,000
12/03/01 0.60 0.80 0.60 0.70 +0.05 31,500
11/30/01 0.35 0.70 0.35 0.65 +0.25 215,000
11/29/01 0.47 0.47 0.40 0.40 -0.10 117,700
11/28/01 0.47 0.55 0.47 0.50 +0.00 122,200
11/27/01 0.40 0.50 0.35 0.50 -0.05 305,300
11/26/01 0.70 0.75 0.40 0.55 -0.05 712,400
11/23/01 0.40 0.65 0.40 0.60 +0.20 361,700
11/21/01 0.18 0.50 0.15 0.40 +0.40 539,800
11/20/01 0.00 0.18 0.14 0.00 -0.15 0
11/19/01 0.15 0.15 0.12 0.15 +0.03 95,000
11/16/01 0.12 0.12 0.12 0.12 -0.03 5,000
11/15/01 0.15 0.15 0.15 0.15 +0.15 10,000
11/14/01 0.00 0.15 0.12 0.00 +0.00 0
imho, Jerome
Outstanding 1,008,000
float 300,000
Co. Website"
http://www.accommotrac.com
NASA & THE C.I.A Mention technology
http://technology.nasa.gov/scripts/nls_ax.dll/w3SuccItem%28400306%29
http://www.jsc.nasa.gov/er/seh/spinoff.html
http://www.cia.com.au/vic/faq.html#NA11.17
other references:
http://www.pathwaysmag.com/vision.html
http://www.perfectsight.com/guestbook.html
http://hotbot.lycos.com/?MT=presbyopia&SM=MC&DV=0&LG=any&DC=10&DE=2
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