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ITGL FINRA deleted symbol:
http://otce.finra.org/DLDeletions
It would be a surprise if I was correct. It was just an assumption from long ago.
Charlie and his associates made out very well.
No surprise. the greek islands arent a place i'd want to be right now. some paradise.
It is rumoured those who shared the illicit gains are now in the Greek Islands.
Where are you Charlie?
ITGL reverse split hitory and former symbols:
GMOC name change 02/26/2007
GMCI 1:1000 R/S 01/12/2006
ARSK 1:1000 R/S 09/24/2004
ARSW 1:50 R/S 06/21/2004
ARES 1:50 R/S 03/26/2003
http://investorshub.advfn.com/Reverse-Splits-3017/
GREY MKT
Investors are advised that OTC Markets Group has been unable to contact or confirm the location of this company. If you have current contact information, please complete the Update Company Information Form or send an email to info@otcmarkets.com.
Financial Reporting/Disclosure
Reporting Status SEC Filer
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001081856
Fiscal Year End 12/31
OTC Market Tier Grey Market
Profile Data
SIC - Industry Classification 3743 - Railroad equipment
Incorporated In: NV, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Not Available
Company Directors
Not Available
Company Notes
Formerly=Green Mountain Capital, Inc. until 2-07
Formerly=ARS Networks, Inc. until 9-04
Formerly=Ameri-can Railway Systems, Inc. until 4-00
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
ITGL Security Details
Share Structure
Market Value1 $51,900 a/o Sep 28, 2012
Shares Outstanding 51,899,814 a/o Apr 10, 2007
Float Not Available
Authorized Shares Not Available
Par Value 0.0001
Shareholders
Shareholders of Record Not Available
Security Notes
Capital Change=shs decreased by 1 for 50 split. Effective date=3-26-03
Capital Change=shs decreased by 1 for 50 split. Pay date=6-21-04
Capital Change=shs decreased by 1 for 1,000 split. Pay date=9-24-04
Note=Trading temporarily suspended by the SEC pursuant to Section 12(k) of the Securities and Exchange Act of 1934 from 9:30 AM EST on 05/14/2012 through 11:59 PM EST on 05/25/2012.
Capital Change=shs decreased by 1 for 1000 split. Pay date=01/12/2006.
Short Selling Data
Short Interest 0 (-100%)
Aug 31, 2010
Significant Failures to Deliver No
Transfer Agent(s)
Standard Registrar and Transfer Co., Inc.
ITGL SEC Suspension:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75547630
Everyone. Pls req a chart for ITGL: http://stockcharts.com/help/doku.php?id=support:feedback:symbol_request
z
ITGL should have some announcements soon............et z
yea...anyone's guess at this stage imo...
Probably will have some material events soon. Dunno what is gonna happen
lots of small slaps - wonder whats up. if anyone knows anything about this probable R/M...
ITGL - New officer, reinstated and ammendment today
http://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=J67PbzKhVUexss5zR2vI%252fA%253d%253d&CorpName=IT+GROUP+HOLDINGS+INC.
Interesting article of the future in communication.
http://www.msnbc.msn.com/id/41562147/ns/technology_and_science-wireless/
Telecom chief: Smart phones clogging mobile networks
Smart phones use five times more data than normal mobiles
By Robert Evans
Reuters
updated 2/13/2011 1:20:42 PM ET 2011-02-13T18:20:42
Share Print Font: +-GENEVA — Smart phones are causing heavy congestion on the world's mobile networks and governments need to act quickly to support wireless broadband growth, the head of the International Telecommunications Union warned on Friday.
High-tech mobiles such as Apple's iPhone consume five times more data than traditional handsets, straining mobile broadband capacity in many areas, ITU Secretary-General Hamadoun Toure said.
While mobile operators have invested billions to upgrade and improve the capacity and performance of networks, there are bottlenecks in New York, London and San Francisco and elsewhere.
"We are still seeing users frustrated by chronic problems of network unavailability," Toure said in a statement calling for better national planning.
The number of smart phones in use worldwide is expected to swell to 2 billion by 2015 from 500 million today, according to the ITU, a Geneva-based United Nations agency.
"Robust national broadband plans that promote extra spectrum and the faster rollout of fibre networks are vital to support the number of data-intensive applications," Toure said.
U.S. President Barack Obama announced plans on Thursday to expand high-speed wireless Internet to 98 percent of Americans and to free up more wireless spectrum space over the next decade to cope with growing demand from users of smart phones and gadgets such as the iPad.
Advertise | AdChoicesAdvertise | AdChoices
Advertise | AdChoices
.According to ITU figures, only 98 countries have specific broadband plans in place, though 90 percent of the world is now covered by a mobile signal.
Operators have been coping with capacity strains by penalising heavy data users among other measures, the ITU said.
Capacity crunch
It stressed proactive steps to support mobile broadband growth would help avoid "capacity crunch", especially in emerging markets.
"Mobile broadband is increasingly the technology of choice for hundreds of millions in the developing world, where fixed-line infrastructure is often sparse and expensive to deploy," the ITU said.
There will be 1 billion mobile broadband subscriptions worldwide in the first quarter of 2011, according to the U.N. agency's estimates. As of last year, 73 percent of the world's mobile cellular subscriptions were in developing countries.
smart phones have revolutionised the mobile industry for network operators and handset makers.
Nokia, the world's largest cellphone maker, has teamed up with Microsoft to compete against the iPhone and products based on Google's Android platform, used by rivals such as HTC Corp and Motorola.
Canadian telecoms firm Telus said on Friday its quarterly profit rose 46 percent, thanks largely to strong data and wireless revenue, and rival BCE Inc saw profit rise 25 percent due to growth in the number of high-end smart phone users.
Copyright 2011 Thomson Reuters.
http://www.msnbc.msn.com/id/41562147/ns/technology_and_science-wireless/
volume 1,428,874. Is that you Charlie?
Thank You Hogs. I wish you a Merry X-mas also.
TK I am wishing you a Merry Christmas !
Is this America's worst investment?
http://articles.moneycentral.msn.com/Investing/MutualFunds/is-this-americas-worst-investment.aspx
Investors have poured billions into exchange-traded funds that attempt to track the prices of raw materials. But when commodities go up, commodity ETFs often don't.
[Related content: ETF, investing strategy, mutual funds, oil, gold]
By Bloomberg Businessweek
Like so many investors in the spring of 2009, Gordon Wolf needed to dig out of a hole. A 68-year-old psychologist in Napa, Calif., Wolf was a buy-and-hold sort of guy, yet the nest egg he had entrusted to his broker at Merrill Lynch was down more than 50%. The broker had invested much of it in exchange-traded funds, or ETFs, a financial innovation that was replacing mutual funds in the hearts and portfolios of many investors.
Top-rated stocks
An ETF, which can be bought or sold like a stock, attempts to track the price of a particular basket of assets -- tech stocks, for instance, or high-yield bonds, or commodities ranging from wheat to gold.
Find top-performing ETFs
The commodity ETFs were supposed to offer a hedge against equity losses, but in the crash of 2008, everything fell in tandem. As oil declined to $34 a barrel in early 2009, Wolf sensed an opportunity. He called his broker and asked about U.S. Oil Fund (USO), an ETF designed to track the price of light, sweet crude. Wolf had the broker buy about $10,000 of USO.
Commodity ETF worries grow
View more MSN videosGo to CNBC
What happened next didn't make sense. Wolf watched oil go up, as predicted, yet USO kept going down. Crude rose 7.4% in February 2009 while USO fell by 7.4%. What was going on? Wolf logged on to Seeking Alpha, a financial blog, and found plenty of angry discussions about the fund. Lots of people were losing lots of money, because thousands of American investors had seen the same sort of opportunity Wolf had.
Investors by the end of 2009 had put a record $277 billion in commodity ETFs and other securities linked to raw materials -- a huge jump from $5.5 billion a decade earlier, according to Barclays Capital. During that time, Wall Street had transformed the reputation of commodities from a hypervolatile investment that can steal your shirt to a booster for battered portfolios, something that rose when stocks fell and hedged against inflation.
People who would never think of buying a tanker of crude oil or a silo of wheat could now put both commodities in their 401k's. Suddenly, everybody was a speculator.
And some were losing big. The commodity ETFs weren't living up to their hype, and the reason had to do with a word Wolf had never heard. As he browsed the blogs, he says, "I'm seeing people talking about something called contango. Nobody would define it."
Wolf called his broker and asked about contango. "I don't know what it is," he replied.
Wolf called his other broker, at Charles Schwab (SCHW, news, msgs). "He didn't know either," he says. "He said he'd ask around."
Weeks later, after Wolf educated himself, he fired his Merrill broker and pulled out his money. (Merrill and Schwab declined to comment.) By then he had lost $2,500 on USO. "If it wasn't a rigged game," he says, "I could figure it out. But it is a rigged game."
The contango trap
Contango is a word traders use to describe a specific market condition, when contracts for future delivery of a commodity are more expensive than near-term contracts for the same stuff. It is common in commodity markets, though as Wolf and other investors learned, it can spell doom for commodity ETFs.
When the futures contracts that commodity funds own are about to expire, fund managers have to sell them and buy new ones; otherwise, they would have to take delivery of billions of dollars' worth of raw materials. When they buy the more expensive contracts -- more expensive because of contango -- they lose money for their investors. Contango eats a fund's seed corn, chewing away its value.
Contango isn't the only reason commodity ETFs make lousy buy-and-hold investments. Professional futures traders exploit the ETFs' monthly rolls to make easy profits at the little guy's expense. Unlike ETF managers, the professionals don't trade at set times. They can buy the next month ahead of the big programmed rolls to drive up the price, or sell and push down the price investors get paid for expiring futures. The strategy is called pre-rolling.
"I make a living off the dumb money," says Emil van Essen, the founder of an eponymous commodity trading company in Chicago. Van Essen developed software that predicts and profits from pre-rolling. "These index funds get eaten alive by people like me," he says.
A look at 10 well-known funds based on commodity futures found that, since inception, all 10 have trailed the performance of their underlying raw materials.
The biggest oil ETF, the U.S. Oil Fund, which has $1.9 billion invested in it, has dropped 50% since it started in April 2006, even as crude oil climbed 11%. The $2.7 billion U.S. Natural Gas Fund (UNG), offered by the same company, has plummeted 85% since its launch in April 2007, more than double the 40% decline in natural gas.
Deutsche Bank's PowerShares DB Agriculture Fund (DBA) has eked out a 3% total return since January 2007, while the weighted average of its commodity components has risen 19%. To be sure, those spot prices -- reported on cable business channels and other outlets -- set an unreachable benchmark. If investors try to match the spot market using ETFs, they can get killed by contango. If they dodge contango by buying physical commodities instead, they must pay heavy storage costs that can easily turn gains to losses.
The allure of commodity investment has hit even big investors. The California Public Employees' Retirement System, the nation's largest public pension, has lost almost 15% of an $842 million investment in commodity futures since 2007, depriving it of income at a time when it has sought taxpayer money to cover retiree benefits. It defends the investment as insurance that will pay off in the event of inflation.
Just as they did with subprime mortgage-backed securities, Wall Street banks are transferring wealth from their clients to their trading desks.
"You walk into a casino, you expect to lose money," says Greg Forero, a former director of commodity trading at UBS (UBS, news, msgs). "It's the same with these products. You're playing a game with a very high rake, a very high house advantage, and you're not the house."
Selling commodity investments has long required training in the futures markets. Selling commodity ETFs doesn't, says Michael Frankfurter, the managing director of Cervino Capital Management, a commodity trading adviser. Turning commodity futures into securities unleashed a much larger sales force -- stockbrokers selling a product that many of them didn't understand, he says.
Passive buy-and-hold investors at one point in mid-2008 held the equivalent of three years of production of soft red winter wheat. Wall Street's success in attracting those buyers boosted demand for futures contracts, which helped determine what consumers would pay for baked goods.
Airlines' new $25 charges for checking suitcases exists partly because the carriers have to set aside cash to hedge against sharper ups and downs in oil prices, says Bob Fornaro, the chief executive of AirTran Airways (AAI, news, msgs). "This has been very, very good for Wall Street," he says.
Sponsors of commodity ETFs and similar investments, including Deutsche Bank (DB, news, msgs), Barclays (BCS, news, msgs) and UBS, warn of the risks in their prospectuses. Those banks declined to comment, but defenders say it's unfair to single out returns over any specific period.
"Diversification doesn't mean you're always going to be up, but you spread the risk differently," says Kevin Rich, a former Deutsche Bank executive who developed the first futures-based commodity ETFs in the United States.
Not every trader is comfortable with what Wall Street has done. Forero, 36, became the director of commodity trading at UBS in 2007. A New Yorker whose father was the Colombian consul to the United States, he worked a series of energy-trading jobs before landing at UBS' securities division in Stamford, Conn., where the Swiss bank operates one of the world's largest trading floors.
UBS sold notes linked to futures and earned commissions handling the monthly roll for clients such as USO, Forero says, adding that he didn't do the roll himself. In January 2009, stung by subprime losses that forced a Swiss government bailout, UBS shut its energy desk. Forero and his wife had a newborn daughter and a $1.2 million house in Norwalk, Conn. With no job, Forero holed up at home, sifting through data. He became convinced that the products UBS had sold were hurting investors and disrupting supply and demand for basic commodities.
"I've always been a little naive, and maybe I still am," he says. "But how can the government allow that? People in our industry talk about it -- everybody knows about it. This has to come to light."
The birth of an idea
Bob Greer spent time in the 1970s in a library in Tulsa, Okla., going through microfilm and piecing together the first investable commodity index. Greer had worked at a commodity brokerage in Dallas, where he got the idea that raw materials might belong in investment portfolios.
Greer published his first article on buy-and-hold commodity investing in 1978, outlining the benefits of passive, unleveraged, long-only bets on raw materials. The idea didn't catch on; everyone knew someone who had gone broke betting on soybeans or a gold bug who hoarded coins against catastrophe, says Greer, now 63 and an executive vice president at Pimco in Newport Beach, Calif.
Greer had given up on his idea when Goldman Sachs (GS, news, msgs) launched its benchmark commodity index in 1991 and began selling swaps that tracked it to institutional investors. Commodity investing was catching on, and Greer says a breakthrough came when the tech bubble burst in 2000. By 2002, when the Standard & Poor's 500 Index ($INX) plunged 25%, investors were desperate for alternatives. That year, Pimco hired Greer to start its Commodity Real Return Strategy Fund (PCRAX). The actively managed fund has returned more than 200% since its debut.
While Greer was launching his fund, an Australian natural-resources consultant, Graham Tuckwell, was developing the first commodity ETFs. Tuckwell had worked in finance and by 2002 was working at the Australian Gold Council, looking for a way to encourage gold investing. An acquaintance mentioned an oddball product: wine securities, which allowed cases of a particular vintage to be traded on a stock exchange. Instead of cases of wine, the shares in Tuckwell's fund would be backed by gold bars stored in a vault.
Tuckwell's innovation, Gold Bullion Securities, became a hit, and in April 2004 a contact at Royal Dutch Shell (RDS.A, news, msgs) approached him to ask whether he could do for oil what he had done for gold. Tuckwell went to Shell and pitched a product that would help the company make money from the crude it kept in storage.
Banks used new academic research to pitch commodities as a safe way to diversify. In a 2004 presentation, Heather Shemilt of Goldman called the strategy "the portfolio enhancer." That same year, two professors, Gary B. Gorton of the Wharton School at the University of Pennsylvania and K. Geert Rouwenhorst of Yale University, published a paper, funded in part by American International Group (AIG, news, msgs), that said an investment in a broad commodity index would have brought about the same return as stocks from 1959 to 2004 and would often rise when stocks fall.
Barclays, Goldman, AIG and other companies had developed ways to help investors get in, producing investments based on futures contracts, which had been used for almost 150 years to arrange the price and delivery of a given commodity at a specified place and date. These products remained the province of wealthy investors. In 2004, however, Deutsche Bank's Rich devised a commodity ETF that opened the door to retail investors.
There was an obstacle: The U.S. Commodity Futures Trading Commission, or CFTC, a regulatory board created in 1974 after a run-up in grain prices, required buyers of certain commodity investments to sign a statement saying they understood the risks. The banks argued that it would be impossible to collect so many thousands of signatures for a product designed to trade like a stock. In 2005, Deutsche Bank lawyer Greg Collett, who had worked at the CFTC from 1998 to 1999, helped persuade the commission to waive the rule and let funds replace it with their prospectus. That would provide adequate warning, the CFTC concluded. Collett says he believed the fund "democratized" commodity investing.
Rich started attending National Grain and Feed Association conferences to introduce ETF investors to the traditional players, such as farmers and silo operators.
These days, the Wall Street banks are more like those grain traders than you might think. They have equipped themselves to take delivery of raw materials when they choose to, so they can wait for commodity prices to rise without having to roll contracts, giving them another advantage over ETF investors.
Goldman owns a global network of aluminum warehouses. Morgan Stanley (MS, news, msgs) chartered more tankers than Chevron (CVX, news, msgs) last year, according to shipbroker Poten & Partners. And JPMorgan Chase (JPM, news, msgs) hired a supertanker to store heating oil off Malta last year, likely earning returns of better than 50% in six months, oil economist Philip Verleger says.
"Many, many firms did this," Verleger adds, explaining that ETF investors created this "profitable, risk-free arbitrage opportunity" when they plowed into commodities. Futures are bilateral; if someone's buying, someone else is selling.
"And the only way to attract sellers is to offer them a bigger profit," Verleger says. "So, ironically, passive investors have been sowing the seeds of their own defeat" -- and contributing to the contango that does in their funds.
How traders would pick USO apart
John Hyland, 51, had been in the investment business for 20 years, running portfolios and mutual funds, before he teamed up in 2005 with U.S. Commodities CEO Nicholas Gerber. As Gerber and Hyland were trying to win approval from the Securities and Exchange Commission for the U.S. Oil Fund, the fund's prospectus hit the desk of Dan McCabe, then the CEO of Bear Hunter Structured Products, which was to be the fund's first market maker. McCabe recalls immediately spotting how traders would pick USO apart.
"Anybody who looked at it prior knew exactly what would happen," McCabe says. "From a trading side -- and I spent most of my life trading -- I would say, 'Wow, what a great opportunity.'"
Best-performing ETFs
After Hyland's oil and natural-gas funds surged in 2008 and 2009, he found himself in the crosshairs of the CFTC, which was holding hearings on energy speculation in the wake of $147-a-barrel oil. CFTC Chairman Gary Gensler began calling for limits on the number of energy contracts a single trader can hold. As Hyland's ETFs became poster children for the problem, Hyland became their most vocal advocate. At an ETF conference in Boca Raton, Fla., in January, he showed up with bottles of Merlot stamped with the company logo and the words "California Crude." The chances of pre-rolling his funds, he maintains, are "historically a 50-50 crapshoot" -- a view many traders reject. His funds track daily moves in futures prices, he continues, because spot prices are impossible to capture unless you store fuel yourself.
"I don't think the products are flawed," Hyland says. "They do what they say they're supposed to do."
On Feb. 6, 2009, to cite one example, USO did what McCabe guessed it might. It gave traders an opportunity to profit at the expense of the fund's investors, McCabe says. With oil prices near their lowest in more than four years, long-term investors such as Wolf had flocked to the fund; its monthly roll, taking place that day, had grown so large that it represented financial contracts for nearly 78 million barrels of oil, roughly four times the amount of oil consumed in the U.S. in a day. The Feb. 6 price spread between expiring crude-oil futures and those for the following month widened by $1.39 a barrel, or 30%, to $5.98. The price jump was so extreme that the CFTC announced an investigation within weeks, saying it "takes seriously issues surrounding price movements in our nation's vital energy markets."
In the midst of the price swing, according to an account released by the CFTC in April, a Morgan Stanley trader made a secret deal with a broker at UBS, acting on behalf of USO. Around noon, Morgan Stanley agreed to buy 33,110 of the fund's expiring March contracts and sell it April contracts, the CFTC said. The Morgan Stanley trader asked UBS to keep the trade quiet -- a violation of New York Mercantile Exchange, or Nymex, rules -- until after the 2:30 p.m. close of trading.
The secret deal was breathtakingly large, equivalent to 12% of March futures on the Nymex. At the end of the day, USO and its investors lost because of the extreme contango: They could afford fewer of the more expensive April futures than they had in March, Forero says after analyzing Bloomberg data. Buying the same amount of oil would have cost $466 million more, he estimates.
"You can either get screwed out of money, or you can get screwed out of product," he says. "They had to pay more for effectively the same barrels."
The CFTC told the oil fund it may be held "vicariously liable" for UBS' actions, according to a March filing with the SEC. Hyland says he knew nothing about the deal.
In April, the CFTC ordered a $14 million civil fine for Morgan Stanley and $200,000 for UBS for failing to report the trade as required. The CFTC declined to explain how it arrived at the amounts or to disclose Morgan Stanley's profit. UBS declined comment.
"Morgan Stanley fully cooperated with the CFTC and is pleased to have reached a resolution with our regulator," company spokeswoman Jennifer Sala says. "This matter concerned an isolated request by a former Morgan Stanley trader."
Without knowing Morgan Stanley's trades, Hyland says, it's hard to determine whether the bank's actions harmed investors. "The best that you can do as the provider of investment products is lay out, in as much detail as you think people can absorb, the hows, the whys and the risks," he says.
Page 5 of the fund's 86-page prospectus includes this disclaimer: "The price relationship between the near month contract to expire and the next month contract to expire . . . will vary and may impact both the total return over time . . . as well as the degree to which its total return tracks other crude oil price indices' total returns."
Hyland's other main fund, U.S. Natural Gas (UNG), got so big last year that at its peak it owned the equivalent of 86% of the near-month natural-gas contracts on the Nymex. As natural-gas prices fell into the basement -- traders call the notoriously volatile market "the widow-maker" -- UNG fell with them, and when gas prices rallied, UNG did not. The fund's growth raised concerns among regulators at the CFTC, which last year began debating position limits.
The financial-reform bill President Barack Obama signed July 21 includes a few provisions that may help the CFTC address the commodity ETF mess. The new regulations enhance the CFTC's ability to prosecute trading abuses and set position limits on over-the-counter swaps, like those UNG has been buying.
How much the new law will help remains to be seen, says Jill E. Sommers, one of the agency's five commissioners, because Congress still needs to appropriate funds and write guidelines for implementation and enforcement.
"We'll need additional dollars to carry this out," she says, adding that it's too early to say whether the CFTC has the authority needed to crack down on pre-rolling. "We're at the beginning of the rule-writing process, so it's premature to say whether additional authority is going to be needed."
By requiring the commission to impose caps on energy trading within a year, the rules may limit the size of some funds. It does nothing to directly address the market impact of the funds, says CFTC Commissioner Bart Chilton. He likens ETF investors' supersized role to the one Tom Hanks played in the 1988 film "Big" -- a little boy in a man's body.
"The dynamics of the market have changed so dramatically over the last several years with this new influx of capital that is massive in size and passive in strategy," Chilton says. "That has had an impact that wasn't anticipated."
The CFTC's explicit responsibility is to guard against commodity market distortions, not to look out for ETF investors like Gordon Wolf. "We are concerned about both," Sommers says. Adds Gensler: "The CFTC is aggressively using its authority to police the markets for fraud, manipulation and other abuses. Investors also should fully research any products before they buy."
As Hyland likes to point out, the risks are described in each fund's prospectus. Now investors are learning what those words actually mean.
This article was reported by Peter Robison, Asjylyn Loder and Alan Bjerga for Bloomberg Businessweek.
http://articles.moneycentral.msn.com/Investing/MutualFunds/is-this-americas-worst-investment.aspx
Managing Your Digital Ulcer
noted:
[Charlie Yiasemis stole from a scleroderma victim]
http://sclerodermatt.org/articles/better-health/272-managing-your-digical-ulcer
Around 40% of patients with Scleroderma develop open sores on their fingertips called digital ulcers. In some patients, this is the major ongoing difficulty whereas in others, digital ulcers are an uncommon and short term complication.
Digital ulcers occur because of poor blood flow to the fingertips which is in turn related to the narrowing of blood vessels that is the hallmark of all forms of Systemic Scleroderma.
Digital ulcers are tightly linked with Raynaud's phenomenon. They both occur in Scleroderma because of narrowed blood vessels. Raynaud attacks occur daily and are clearly worsened by cold weather. Digital ulcers can occur at anytime of the year and in any weather.
The fingertips in Scleroderma should be cared for in much the way a patient with diabetes might care for their feet.
•Keep the skin moist and supple. Hand creams rich in lanolin can help.
•Protect the fingertips. Avoid tasks that risk fingertip trauma.
•Treat cuts promptly and thoroughly. Don’t let infection get established.
•Control your Raynaud’s phenomenon more effectively. This requires working closely with your physician to choose the best program of medication.
•Keep your physician involved. Let him or her know when an ulcer has started. The earlier it is treated, the better the outcome.
The Scleroderma research community is actively investigating treatments for digital ulcers. In Europe, intravenous iloprost (Ilomedin®) is approved and widely used, although this therapy is not available in the U.S. Recent studies with bosentan (Tracleer®), an agent approved by the FDA for pulmonary hypertension, have suggested an effect in preventing digital ulcers. Other research projects are in early stages of planning.
Source: University of Michigan Health System
Okay great info and??????????????????
SHELLS
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We have plenty of Pink shells available for cash sales. We will consider any equity deal as long as we can see a business plan and financials of the company that is planned to merge into the shell. And if we are doing an equity deal with you, then we will absolutely provide the IR/PR work. All shells come with restricted stock as well as free trading stock. As the amount of stock required above 95% goes up, so does the price. We can deliver up to 99.3% of the stock but for a significantly higher price.
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I thank you for your honesty, and because of you I have lost interest in this stock and others that I know have also lost interest, thank you again.
and good luck to you! Enjoy!
==================================================
Did you ever find out the end result for the search for Charlie Yiasemis? Have you ever contacted Scotland Yard?
Did anyone that you came across ever mention Charlie Yiasemis?
I'm no longer interested talking to you.
Your negativity and obvious anger is so
disappointing and counter productive that
I no longer will post on this board.
ITGL has enormous potential of making a
lot of people money and I've come to this
conclusion after countless hours and many
days of research, You on the other hand
have decided to do nothing but complain
and dwell in the past, get over it and
live with the possibilities of today.
From now on I only will PM to people on
this board who've shown appreciation and
maturity, qualities you obviously lack.
Knowing that you'll probably remove this
post,I will send a copy to all who believe
in brighter tomorrows as I do.
Good Luck To You !
John
Did you ever find out the end result for the search for Charlie Yiasemis? Have you ever contacted Scotland Yard?
Did anyone that you came across ever mention Charlie Yiasemis?
No! I say make money. The undermining occurred a long time ago, by those who had responsibility.
People that know more are not selling
and I believe now, they have a very
good reason.
I'm hoping and waiting
for more information...
GLTY !
John
johnvro,
Thank you for searching out information on this stock. Do you have any idea regarding a timetable for when this one might move out of its current range? TIA!
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IT Group Holdings has been placed in administration.
[chart]www.londonwired.co.uk/images/30927.jpg[/chart]
The Joint Administrators are:
Tenon Recovery
3rd Floor Lyndean House
43-46 Queens Road
Brighton
BN1 3XB
brighton@tenongroup.com
Fax: 01273 724502
See also the notice posted on the IT Group webpages at:
itplc.com or itwlr.com
Presently some severe management troubles! Proceed at your own risk!
ITGL has deleted their website.
FINANCIALS Alert
27-Sep-2007
Non-Reliance on Previous Financials, Audits or Interim Review, Regulation
ITEM 4.02. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On September 26, 2007, the Company's Board of Directors, after discussion with the Company's independent auditors, concluded that our previously issued (audited) consolidated financial statements for the years ending December 31, 2004, 2005 and 2006, and interim period unaudited statements to and including the unaudited statements for the period ended June 30, 2007, should no longer be relied upon because of errors in such financial statements. The resulting changes will most likely require restatement of our financial statements for such periods and will most likely be material. The determination of the Board was based on a review of the records of the Company's subsidiary, Internet Telecommunications Plc ("ITPLC"), undertaken by the Board of Directors of the Company following removal of Charlie Yiasemis as President, Chief Executive Officer and Chief Financial Officer of the Company on Sept 11, 2007, that revealed improprieties in his operation of our business. These improprieties include misrepresentations as to our business operations and fabricated documents. The Company is continuing to investigate these improprieties to ascertain the full impact on our previously issued financial statements and disclosures.
ITEM 7.01. Regulation FD Disclosure
Following removal of Mr. Yiasemis as the President, Chief Executive Officer and Chief Financial Officer of the Company on September 11, 2007, in addition to the review of the financial records undertaken by the Board of Directors, we have replaced the board of directors of our subsidiary, Internet Telecommunications Plc with two new directors, Guy K. Stewart, Jr. and Shajan K. Ninan. They are supported by an interim chief executive officer to operate our telecommunications business in the U.K. New management is in discussions with creditors, telecommunications carriers and customers to move the business forward. The Board of Directors believes that its efforts will result in stabilization of the Company's financial and operating situation and that the Company will be able continue to operate as a telecommunications services provider in the U.K. markets based on our network access and previously acquired telecommunications switch.
As of May 1, 2007, there were 51,899,814 shares of common stock issued and outstanding that were held of record by approximately 150 shareholders. After this offering, assuming the exercise of all the Warrants, we will have 57,109,814 shares of common stock outstanding.
RedChip Drops Research Coverage On IT Group Holdings
PrimeNewswire - February 06, 2008 5:00 PM ET
RedChip Visibility, a division of RedChip Companies Inc. today announced that it has dropped research coverage on IT Group Holdings Inc. (Pink Sheets:ITGL).
RedChip Companies' "Buy" rating, the initial target price of $1.20 and revised target price of $0.60 are no longer active. For further information on RedChip Companies, our rating system, and our dropping coverage policy, please visit www.redchip.com and review any and all pertinent policies and disclosures.
Resellers:
reported in financials June 30, 2007 .
A company known as Flat Rate Telecom Ltd. (“Flat Rate”).
http://www.flatratetelecom.co.uk/t_and_c.htm
================================================
==============================================
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IT Group Holdings Inc.
201 South Biscayne Boulevard,
28th Floor
Miami, Florida 33131
=====================================
Subsidiary:
Internet Telecommunications Plc
46, Clerkenwell Close, Farringdon,
London, EC1R 0AT, United Kingdom
Tel: +44 (0) 20 7216 9000 |
Fax: +44 (0) 20 7216 9001
Web Site: http://www.itwlr.com
==================================================
Investor Relations:
Strategic Growth International Inc.
http://www.sgi-ir.com/index.htm
150 East 52nd St, 22nd floor
New York, NY 10022
Tel: 212-8381444
Fax: 212-8381511
Investor Relations:
Richard E. Cooper, +1-212-838-1444
RCooper@sgi-ir.com
(newly appointed firm)
INVESTOR RELATIONS
Aurelius Consulting Group, Inc.
Sanford Diday
info@runonideas.com
Ph: 800-644-6297; 407-644-4256
www.runonideas.com
==========================
RedChip Companies
http://www.redchip.com/visibility/home.asp
http://www.redchip.com/visibility/investor.asp?symbol=ITGL
=====================================
Transfer agent:
Atlas Stock Transfer Corporation
5899 South State Street
Salt Lake City, UT 84107
P 801-266-7151
F 801-262-0907
============================
Sector: Services
Employees
We have two officers, our President, Chief Executive Officer and Chief Financial Officer and our Chairman and Secretary. Staffing consists of sales & marketing, network support and software development personnel. We employed 13 (11 full-time) staff including officers at December 31, 2006.
General Overview
We were originally organized in 1998 under the laws of the State of New Hampshire. Effective September 30, 2004, we changed our name from "ARS Networks, Incorporated" to "Green Mountain Capital, Inc." On July 12, 2005, we changed our state of incorporation from New Hampshire to Nevada by merging into Green Mountain Capital, Inc., a Nevada corporation, organized by us for the specific purpose of the change of domicile. On January 12, 2006 we entered into a Share Exchange Agreement to acquire Internet Telecommunications, Plc, a corporation formed under the laws of England and Wales ("ITPLC"). We acquired ITPLC on May 12, 2006 at the closing under the Share Exchange Agreement. We changed our name from Green Mountain Capital, Inc. to IT Group Holdings Inc. effective February 26, 2007.
With our acquisition of ITPLC, a licensed telecommunications carrier/operator in the United Kingdom, we became a telecommunications services provider offering line rental, associated voice minutes and value-added services in the deregulated UK telecommunications market. Prior to our acquisition of ITPLC, we had no business operations or revenues. Our operations are presently centered on the activities of ITPLC. Our principal office in the United Kingdom is located at 46 Clerkenwell Close, London EC1R 0AT, United Kingdom. Our telephone number at this office is (44) 207 216 9000.
Our common stock is traded in the OTC Bulletin Board market under the symbol
ITGL.
Management
Charlie Yiasemis, CEO, CFO, President, Founder --Terminated
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23091214
Dr. Fredrik C. Verkroost, Chairman of the Board
Leadership at the Company is provided by Dr. Fredrik Verkroost as Chairman of the Board of Directors. Dr.
Verkroost has an engineering and commercial management background and is very experienced in the capital
markets, having directed a $690m stock and bond financing for ICO Global Communications as its deputy
CEO. He also supervised the IPO of Alterian Plc., a UK start-up. As head of corporate development, Dr.
Verkroost also supervised over $750 million in acquisitions and disposals for Electrowatt/Landis & Gyr companies
in Switzerland.
Feb 2007
Outstanding Shares: 51.9 M
Float: 25.8 M
Home website
http://www.itplc.com/default.asp
RagingBull ITGL message board.
http://ragingbull.quote.com/mboard/boards.cgi?board=BB:ITGL
The SEC filings for ITGL
http://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001081856&owner=include&count....
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