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-------There is a "silver Lining"---------
I've been getting some very interesting info
that indicates that the volume and spike
in PPS on Nov. 20th was not a coincidence.
Although this looks very promising, I'll
continue searching for confirmation.
Hopefully I'll be able to give you more
details soon.
Advice; Do your own DD before investing
in any company.
GLTA !
John
Keeping it honest! Not undermining.
To many formers missing in action leaving a string of bagholders behind.
I'm sorry TechKim
but you seem more interested
in undermining this stock than
giving some of us a chance to make
a few bucks.
Please, try to stay positive and
don't give up until you gather all the facts.
The outcome might surprise you.
------------------------------------------------
I did try to contact Fredrik Verkroost
but I'm still waiting for a reply.
GLTY
John
I am very glad you did. Did you try to get a hold of Dr. Fredrik C. Verkroost? Did you call Red Chip the former promoters paid by the company?
Did you try and find Charlie Yiasemis? Did you try and call Scotland Yard? I cannot even find Yiasemis of Scotland Yard's wanted list. Even though the last Red Chip interview it was specifically stated by Dr. Fredrik C. Verkroost that Scotland yard was in pursuit of Charlie Yiasemis.
IT Group Holdings:: INSIDER TRADING WARNING
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=itgl
This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
What is insider trading?
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.
Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.
Why is Pink OTC displaying this warning?
Companies that are identified on pinksheets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. Pink OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available.
How can a company make material information publicly available?
•Companies can make material information publicly available by registering a class of their securities and making current reports with the SEC.
•Companies can make material information publicly available by qualifying under Rule 12g3-2(b) under the Exchange Act (“Rule 12g3-2(b)”).
•For companies that are not subject to SEC reporting requirements under 12(g) or 12(b) of the Act, Pink OTC Markets provides the Alternative Reporting Standard to facilitate the availability of adequate current information.
?Companies that post such information through the OTC Disclosure & News Service are able to conveniently and efficiently make their information publicly available on their quote page on www.pinksheets.com.
?The Alternative Reporting Standard is designed for companies to meet the minimum disclosure requirements under SEC Rules 15c211 and 144(b) and assist companies in protecting their affiliates from 10b5-1 violations. Companies are urged to seek the advice of experienced securities counsel regarding materiality and methods to make material information publicly available.
?For more information about the Alternative Reporting Standard, please visit our Alternative Reporting Standard page.
Note: Companies may choose to provide current information on their corporate websites. Pink OTC Markets encourages affiliates, employees, insiders, or any person in possession of nonpublic material information about a company to examine the company's corporate website for current information, if they are not able to find it through pinksheets.com or in current reports filed with the SEC, to ensure compliance with Rules 10b-5 and 10b5-1. However, the warning message on the company's quote page on pinksheets.com will continue to be displayed. To remove this warning message, the company must meet one of the three standards listed above.
For an overview of insider trading, visit the SEC’s website at http://sec.gov/answers/insider.htm.
I just fired off 7 more emails
to Tenon Recovery.
To people in this company who
I think may be able to give us
some answers regarding ITGL.
The more hooks in the water, the
better the chances of catching something.
----------------------------------------------
For now I'm going to stick it out
to see whether this one will "crash"
or "fly", however, I still believe
that patience will be rewarded.
GLTY !
John
So how are things going over here? I noticed someone spanked the price a little today.
correct, as it has been went that course before. I would assume the Tenon Group has had to be doing at least something to put this organization in its resolved place also.
Wait and see!
In the realm of possibilities
where you write in post # 314
"Someone might be interested in buying the company as a shell?"
IMHO is not entirely out of the question
GLTY
John
Yes I did contact Tenon,
however, not by phone but
I emailed Mr. Raj Sinhal's
office and got a reply saying
that he's out of town and will
reply upon his return.
Let's hope they keep their word !
and let's hope they can shed some light
on this "mystery"
In the mean time........ GLTY
John
Did you also call Tenon Recovery?
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
After more than a week of research
I'm still not sure what is going on.
I've been cross checking phone numbers,
people's names, company names and files,
and after connecting a lot of "dots" one
company's name somehow found it's way into
the "mix" namely.... Epixtar
I've emailed this company with some
questions and I'm waiting for answers.
Please understand that all this might mean
absolutely nothing, so please do your own DD.
In no way should anybody see this post
as a claim or fact, I'm just "juggling" some
of the very limited info out there to see
what may be.........
Please do your own DD before investing !
GLTA !
John
Just out of curiosity, is it the general consensus of those "in the know" here that it will be news that sends this stock on its way? There was a definite mass accumulation several days back, and almost no shares have been sold since that time. It just looks like we are waiting for something specific and concrete. I appreciate any responders. TYIA.
For the lack of anything better
let's call this the quiet before
the storm..............
Maybe it'll be a tornado with a
very forceful updraft.
GLTA
John
Good morning !
Hopefully this week we'll
get some answers to our questions
regarding ITGL...........
I still have a positive feeling that
something very interesting is going
to be revealed soon.
May you all have a profitable week
John
--------Little by Little---------
ITGL is working towards reaching
"critical mass" and IMHO when that
happens we're all going to be happy
we held on to our shares....
-----------------------------------------
The fact that most people are holding
on to their shares......
Low Float and knowing it can be explosive
when it runs, is all I need to be patient
and just wait.
GLTY and All !
John
Funny how you guys want to hold on to your shares and see what is going on here, I just put a bid for as many shares as you want to dump to me cheap at 0.002, someone gave me 25,000 for 57.25 and then the ask goes to 0.0029, not sure how this stock will move when someone gets 57.25 for lunch money and them wants a price of 35% higher. Guess I will sit on the side lines and watch you professionals trade this. Wish I could buy more but the cost to trade 25,000 shares in a discount brokerage account is too expensive for me. Good luck to all and I will watch the show, with my position from the sidelines. I trade in many other stocks that are in this price range and can get a million shares at a time and here some idiot wants to trade out of 25,000 at a time. LOL
Yes! So what are you getting at? I was just helping the other poster.
easy info to find:
*
Estimated Market Cap
$83,040 as of Nov 25, 2009
*
Outstanding Shares
51,899,814 as of Apr 10, 2007
*
Current Capital Change
shs decreased by 1 for 1000 split
Pay Date: Jan 12, 2006
*
Company Notes
o Formerly=Green Mountain Capital, Inc. until 2-07
o Formerly=ARS Networks, Inc. until 9-04
o Formerly=Ameri-can Railway Systems, Inc. until 4-00
*
Security Notes
o Capital Change=shs decreased by 1 for 50 split. Effective date=3-26-03
o Capital Change=shs decreased by 1 for 50 split. Pay date=6-21-04
o Capital Change=shs decreased by 1 for 1,000 split. Pay date=9-24-04
ITGL was a reverse shell. They merged the shell of Green Mountain Capital Inc. Prior to that it was AMERI-CAN REAILWAY SYSTEMS INC.
It was most likely Green Mountain Capital Inc. you owned.
I'm Not sure what You mean... I Do own 1 (ONE) Share left from a R/S That they did some time ago... I'm Not sure When But that is the Fact .... Jack!
My account says 1@ $2.10 Per Share with a balance of $-680 if that ain't a R/S I'd Like to Know What the hell Happened... I Think That garbage had been in my account since 2005...
As Far as I Can Tell about $680..
***Up 100% -- No Volume***
------------------------------------
Just imagine what some real
volume could do here.
GLTA ! !
John
So King how much do you want for that 1 share?
Nice try but won't work,
better get in now.
GLTY
John
I'm still holding 1 share from the Last R/S of 1/10000,,, Guess they are getting ready to do another one...
Yes indeed! We just need people to start hitting that ask. The tighter we hold the higher she goes. We will know soon enough imo.
People wanting shares is one thing
but people who're in not wanting
to let go is even more promising.
Those people obviously know something
we don't. (Yet)
-------------------------------------
This for me is the reason I'm holding
on to what I have while trying to add more.
-------------------------------------
GLTA !
John
I think you are right :)
Yes, indeed. I don't know what it is we don't know, but I can't help feeling we are going to like it.
.002 X .003 now guys! last .0008. somebody wants shares.
My feelings exactly...
GLTY
John
This stock bears watching. There just might be more going on here than meets the eye.
No problem..I understand...thanks and good luck to us all.
Regarding msg.#333
The PM I mentioned did not, in
any way shape or form help me
better understand ITGL.
However, I sure hope the future
will bring some clarification.
-----------------------------------
I can't PM myself (yet)
so this is for ugafan
GLTA ! !
John
PS. My apology to teffy
Teffy, thanks for the PM.
-------------------------------
You know where to find me.
GLTY !
John
I wanna be a MM. geesh .001 x .0055 ???
who would buy with that spread? I was hoping for a pop and run, but got a pop and drop. Yikes. Hopefully will ease back up.
The runs are just killed with big spreads!!! ugh!!
No sellers here. Glad to hold on to my position until something happens one way or the other.
Thanks for breaking the silence.
I'm doing great teffy, how are you ?
------------------------------------
I'm still researching ITGL when I have the time,
to find out what makes this company "tick".
------------------------------------
Even trying to contact them has been
disappointing.
So teffy, if there is anything at all you
can give me to point me in the right direction,
would be greatly appreciated .....
GLTY
John
Hey John,
How are you today?
Anybody out there !
Boy, it's quiet here today.
Have a good day
John
Even at this lower ASK
still not a whole lot of "Smacking"
going on..........
Come on teffy, what's up ? ! ? !
You pretend you know something, than
what's the reason you're refusing to
let us all in on it ?
Trust me, the moment I find something
worthwhile it'll be in bold print on
this board.
GLTY
John
I am curious myself - holding mine regardless.
After researching all weekend
I'm still puzzled.
Darn, I wish you would share with
us what you know.(the reason for your confidence)
Hopefully you're not just "window dressing",
I'm extremely curious and I hope you'll
share with us what info you have soon.
GLTY
John
Holding mine, not gonna let this shake get me spooked. Not many sellers imo and lots of volume Friday.
Tough to smack the ask when the holders get greedy with the high ask, but no rush here. Slow and easy as she goes.
No need for me to explain anything currently. I will answer your question on a future date.
GLTU
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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
================================================
==============================================
=================================================
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....
-------------------------------------------------------
General rules
General posts and other stocks (marked with an O.T.) are welcomed in good taste and with sincerity for the viewing group to benefit.
http://entimg.msn.com/i/asx/audio_streams/Grinderman.asx
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