IT Group Holdings (fka ITGL)

[TechKim]

johnvro and myself would like you to elaborate on your statement.

What factually information you might have to support your post?

[TEFFY]

In the next 2 weeks you will be scratching your head more.

[johnvro]

Holding strong at 400% gain
IMO means it'll go much higher
soon.
Something is up, insiders know
and are positioning them self for it.
Penny plus is just around the corner.
Just my honest opinion
GLTA !

John

[TechKim]

I have absolutely no idea why the volume is exceedingly active.

Very little money involved, overall.

I figure less than $20,000 has been shown at maximum for todays wash trade show. I would not even pretend that even a fraction of cash has actually exchange.

Someone might be interested in buying the company as a shell?

Could be just some wash trading for some type of activity not really relevant to the company.

All I last knew was the company was in some type of administrative receivorship.

[TEFFY]

Maybe better not to ask why but join the new party.

[Burntwood]

Why is this running... grr highest volume day in 2 years

[nqt_1976]

anyone know why it up 1000% ?

[mkinhaw]

Wake up !
no idea why this is up
already fizzled
MK

[TechKim]

Where is Charlie Yiasemis?

[TechKim]

Where is the so called Dr. Fredrik C. Verkroost?

[TechKim]

IT GROUP HOLDINGS(Other OTC: ITGL.PK). Still absent.

[TechKim]

Administrative trust! Unclear, but you have the address. So go knock yourself out and give them a call.

[lifegear]

under new management?

[TechKim]

IT Group Holdings has been placed in administration.

The Joint Administrators are:

Tenon Recovery
3rd Floor Lyndean House
43-46 Queens Road
Brighton
BN1 3XB

[lifegear]

do you have a link pertaining to the company being placed in administration? I'm not even sure what that meant

[TechKim]

The IBOX is for Scotland Yard. It is the remanants of what Charlie left behind.

[lifegear]

in other words are they in some form of liquidation or winding down? besides the share info you have in ibox is for 2007

[TechKim]

Are you for real with that question?

[lifegear]

are there alot of shares out there? can they dilute further?

[TechKim]

I just wonder what Greek Island's the shares were washed back and forth to!

[bababooyah]

Pump and dump attempt from trading group. Be careful.

[TechKim]

ITGL traded 4,660,000 shares today. Still no news.

[TechKim]

Their best claimed customer was actually addressed in the same building.

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

[TechKim]

They were place under joint administrationship.

Tenon Recovery
3rd Floor Lyndean House
43-46 Queens Road
Brighton
BN1 3XB

You might enjoy asking Scotland Yard as well!

Are they winding down? I do not even believe they are operational! The physical assets are hardly worth the book price they were claimed to be purchased for in my opinion.

[lifegear]

are they under bankruptcy or winding down in UK?

[TechKim]

Try contacting The Joint Administrators for an answer!

Tenon Recovery
3rd Floor Lyndean House
43-46 Queens Road
Brighton
BN1 3XB

[lifegear]

just curious if you feel that this will be revived, not familiar with the company at all

[TechKim]

Created: 12/4/2006 1:01:09 PM . What concern is it of yours?

You have reason behind your question?

Maybe somebody or somebodies are keeping the porch light lite for Charlie's return?

Do you know where Charlie is?

[lifegear]

how long have you been moderating this board? what's keeping you here?

[TechKim]

I doubt it! Once Charlie Y is found you might have more answers.

[lifegear]

is that connected to ITGL?

[TechKim]

Billionaire Stanford jailed in alleged $7B fraud
Billionaire R. Allen Stanford indicted, jailed in alleged $7 billion fraud
By Devlin Barrett, Associated Press Writer
On Friday June 19, 2009, 9:29 pm EDT
http://finance.yahoo.com/news/Billionaire-Stanford-jailed-apf-2012895425.html?x=0&sec=topStories&pos=1&asset=&ccode=
WASHINGTON (AP) -- Brash Texas billionaire R. Allen Stanford was indicted and jailed Friday on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery.

The Justice Department announced charges against Stanford and six others who allegedly helped the tycoon run a $7 billion swindle. At a court hearing in Richmond, Virginia, a federal judge agreed with prosecutors that Stanford poses a flight risk and ordered him to remain in custody until a future detention hearing in Houston.

Among those charged were executives of Stanford Financial Group and a former Antiguan bank regulator who prosecutors say should have caught the fraud but instead took bribes to let the scheme continue.

Robert Khuzami, the enforcement director for the Securities and Exchange Commission, said investigators have built "an impressive criminal case from the rubble of this massive fraud."

If convicted of all charges in the 21-count indictment, Stanford could face as much as 250 years in prison, officials said.

Dick DeGuerin, Stanford's lawyer, said in a written statement that Stanford was "confident that a fair jury will find him not guilty of any criminal wrongdoing."

The indictment unsealed Friday in Houston charged Stanford and other executives at his firm falsely claimed to have grown $1.2 billion in assets in 2001 to roughly $8.5 billion by the end of 2008. The operation had roughly 30,000 investors, officials said.

Investigators say that even as Stanford claimed healthy returns for those investors, he was secretly diverting more than $1.6 billion in personal loans to himself.

Court papers charge Stanford and top executives orchestrated the massive fraud by advising clients to buy certificates of deposit from the Antigua-based Stanford International Bank. Stanford and the other executives were charged with wire fraud, mail fraud, and conspiracy to commit securities fraud. Stanford was also charged with conspiring to obstruct an SEC proceeding.

While Stanford is less well-known than the infamous swindler Bernard Madoff, authorities say both men's businesses were based on the same type of scam -- faking investment returns while attracting new investors to keep the operation afloat.

"This case is a typical Ponzi scheme, robbing Peter to pay Paul," said Gregory Campbell of the U.S. Postal Inspection Service.

Authorities say they are investigating 100 other possible Ponzi schemes, although none on the scale of the Stanford or Madoff cases.

"We will find you, we will stop you, and we will make you pay for your crime," said Campbell.

Stanford, 59, has been working since February to challenge what his attorney called "the false accusations against him." DeGuerin said that rather than resulting from fraud or a Ponzi scheme, "the present insolvency of the Stanford Companies was caused by the SEC's heavy-handed actions, which have destroyed and continue to destroy much of the value" of the companies and their investors.

A group of cheated Stanford investors said in a statement that their losses "are devastating, as senior citizens are losing their homes, going without medical care, and becoming a burden on their children and families."

Stanford surrendered to the FBI Thursday and appeared in federal court in Richmond, Virginia, Friday afternoon, where authorities convinced Magistrate Judge Hannah Lauck to keep him behind bars for the time being.

Prosecutor Steven Tyrrell said at the hearing that more than $1 billion from Stanford's alleged scheme remains unaccounted for, and if anyone has access to it, it's Stanford.

The others indicted in the case were Stanford executives Laura Pendergest-Holt, Gilberto Lopez and Mark Kuhrt.

A separate indictment unsealed in Florida accused a fourth Stanford worker, Bruce Perraud, of destroying records important to the investigation.

Prosecutors charged Leroy King, the former chief executive officer of Antigua's Financial Services Regulatory Commission, with conspiracy to obstruct an SEC investigation.

In February, King told reporters the commission properly scrutinized Stanford's business.

Prosecutors allege King accepted more than $100,000 in bribes to help Stanford continue his fraud.

At his zenith, Stanford was a larger-than-life figure in Antigua. His enterprises there include a newspaper, two restaurants, a development company and the ornately landscaped Stanford cricket grounds, where he shook up the staid world of professional cricket last year by bankrolling the purse in a $20 million winner-take-all match.

Newly filed SEC documents accuse Stanford and his finance chief, James M. Davis, of conducting a massive Ponzi scheme" in which early investors were paid returns from money put in by later investors. Davis has been cooperating with federal investigators.

Jeff Tillotson, who represents Pendergest-Holt, chief investment officer of Stanford's parent company, told The Associated Press, "We obviously deny that our client has committed any crime." He has said she was "set up" by Stanford.

Associated Press writers Marcy Gordon in Washington, Larry O'Dell and Zinie Chen Sampson in Richmond, Virginia, and Linda Franklin and Regina L. Burns in Dallas contributed to this report.

[GNOTE]

Are you ask tapping again trying to get bag holders ?

[lifegear]

at least it's upticking

[TechKim]

I am unsure about anything as I have no information other than there is some active trading. There has always been some inconsistent active trading. If we all heard something from Scotland Yard or from the trustee in charge of the business. It might help. Otherwise I believe it is just an abandoned shell up for sale. Even on the pink sheets, a company can at least keep shareholders informed and that has not been the case since delisting.

The recent volume could represent almost anything. Must be noted this high volume is also at a sub-penny amount. Could be just a bunch of wash trades.

Numerous players believed in the RED Chip backed Dr Vanderhoost media releases.

[TechKim]

ITGl was close to death and no one has heard from the good Doctor in a long while, after Charlie decided to leave after requested to do so.

Their best customer was in the same building and they had a slew of contractors to take care of the business. The switch was always a paid for expence but seemed to always come up with more associated costs.

RedChip does not even know where Charlie went. Dr Vanderhoost has not made a statement since claiming the finest of the Scotland Yard was searching for Charlie.

[lifegear]

nothing is certain except for death and taxes

[TechKim]

Are you certain there is a company to wake up?

[lifegear]

isn't it about time that the company wakes up? lots of beaten down stocks have started rebounding lately

[TechKim]

and what are you getting at?

[lifegear]

Verkroost Christian acquired 1M shares at .17 per share back in 2007

nice valuation

http://finance.yahoo.com/q/it?s=ITGL.PK

[TechKim]

Removal of Chief Executive Officer


Effective September 11, 2007, our Board of Directors for cause removed Charlie Yiasemis as our Chief Executive Officer and as a director. The basis for our Board’s removal of Mr. Yiasemis was his refusal as the Company’s Chief Executive Officer to proceed with an agreement for an equity financing required by the Company, which agreement and financing had been approved by the Board of Directors.


On September 13, 2007, our Board of Directors authorized and completed the removal of the directors (including Mr. Yiasemis) of our U.K. subsidiary, Internet Telecommunications Plc, and elected new directors for that company. The new directors of our subsidiary suspended Mr. Yiasemis as Chief Executive Officer of the subsidiary and elected new officers for that company.
============================================================

The volume is questionable for its intent. Yiasemis is still supposedly missing from prosecution. No word from anyone on the company outlook, other than it was a scam with a pyramid structure of financing and skimmings of so called projects and contractors.

[lifegear]

anything new happening to this lately? some volume came in today

[TechKim]

I resent to the SEC enforcement. One day some one will pay attention.

[TechKim]

Charlie Yiasemis wanted

[TechKim]

Donate to Scleroderma Society, Charlie Yiasemis

[TechKim]

http://www.realpennies.com/otc/ITGL

[TechKim]

http://seekingalpha.com/symbol/itgl.pk

[TechKim]

3M planning to cut 1,200 more jobs
Fewer than half the jobs lost will be in United States

http://www.msnbc.msn.com/id/29988558/

MAPLEWOOD, Minn. - 3M Co. says it’s cutting its worldwide work force by another 1,200 jobs, or 1.5 percent, because of the global economic slump.

3M spokeswoman Jacqueline Berry said Tuesday that fewer than half the jobs will be in the United States, but include “several hundred” in Minnesota, mostly at the company’s Maplewood headquarters.

Berry said the 1,200 figure includes cuts made earlier in the first quarter. In January, 3M executives reported that they had eliminated more than 2,400 positions worldwide during the fourth quarter.

3M, the maker of Scotch tape, Post-It Notes and other products, has operations in more than 60 countries that employ 79,000 people, and generated about two-thirds of its revenue outside the U.S. last year.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[TechKim]

We have seen some very light shares on occassion