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Sound familiar? Use God's name in order to CON people out of their money!
Wash. pastor who stole $1.6M to plead guilty
By Associated Press Published: Jan 10, 2012 at 8:29 PM PST Last Updated: Jan 10, 2012 at 11:25 PM PST
SEATTLE (AP) - A Seattle-area pastor is scheduled to plead guilty Friday to federal charges that he bilked two dozen people out of at least $1.6 million.
Anthony C. Morris resigned last week from the New Covenant Christian Center, and federal prosecutors charged him with wire fraud and money laundering Tuesday. They say that since 2003 he's run a Ponzi scheme in which he told people he'd invest their money and get them quick, profitable returns.
His attorney, Jessica Riley of Seattle, tells The Associated Press he's been cooperating and will plead guilty to both charges and that he hopes to repay as many of his victims as possible.
The New Covenant Christian Center was previously located in Seattle and Renton, but now operates out of a community center in Tukwila.
Our-Street Update
http://our-street.com/kventures.htm
NOTE: 5 August, 2003 - Well John Jackson finally got around to filing his Form 4's for the stock he dumped prior and during the incredible pump they instigated a few months ago. So how much did John take out of the market? Well, on or about March 25, 2003 he sold 500,000 shares at $.49 per share. That is a quick $245,000. Then on April 21, 2003 he sold another 300,000 at $.90 per share for a cool $270,000. That is a grand total of $515,000. That is far more than he ever lent the company to get going and he has plenty of shares left over. Looks like God is a highly profitable business when you don't care about ripping off your fellow Christians.
We have several problems with his disclosure. First, these reports were due within 2 days of the sale. John has taken more than three and four months to come clean and disclose this sale. This is a clear violation of his responsibilities to the SEC as well as an ethical violation to the shareholders and his congregation. I can only remind you of the now famous Gene Jackson quote about wanting to be transparent to everyone. That must be transparent when it is absolutely necessary, otherwise to heck with any disclosure at all.
Another problem we have is that the first sale took place at a time when the trading on the stock was quite modest. As a result he could only have sold these shares in a private transaction. If these shares were sold in a private transaction, the shares would have to have been re-restricted pursuant to Rule 144. I want to know who bought those shares and were they in fact restricted when issued or did John and Gene kink the deal and keep them free trading? We will be bringing this to the attention of the SEC for their review.
Finally, speaking of Rule 144, where was the 144 filing that should have been filed by John when he intended to sell these shares? Or were these part of those 7,800,000 shares Kingdom registered in February 2003?
Just how rich do John and Gene want to make themselves at the expense of Christian investors and John's congregation? We think it is outright sinful that John would take over half a million from the market over the span of a month and at the same time, I am willing to bet he was passing the plate on Sunday looking for more! Perhaps he should set aside some of that money to repay the members of his congregation who own Kingdom stock at more than the current price and stand to lose money based upon the faith they put in him and his lying, scamming no good brother!
How is the John Howell give them warrants no reverse split group doing?
Anyone hear if John Jackson is still playing preacher?
Does Gene and John Jackson think just because they sold the scam they are not going to be prosecuted?
WHERE ARE THE MOSSIES FROM NVEI WHO STARTED THIS BOARD?
So where's this expose? Please advise.
SEC still investigating. Also look for new exposé from another major publication in the next week.
I called the SEC a few weeks ago. Of course, they will neither confirm nor deny an investigation, but they appeared quite "eager" to know if I had any information on KV and put me on a speaker phone so that another person in their office could participate in the conversation. So I am sure they are still gathering evidence. These things can, unfortunately, literally take years.
A major Christian publication has been working on a story, I am told, for a number of months, and supposedly it will be in their June issue. Should be out any day.
Will the house of cards tumble? What's the status of the SEC investigation and various lawsuits?
EPA Clarifies Membership Status of KDMV's Christian Times
May 17, 2004
For more information contact:
Doug Trouten, Executive Director
Evangelical Press Association
763-535-4793 / director@epassoc.org
This statement from the Evangelical Press Association is issued in response to questions about the Nevada-based Christian Times newspaper chain owned by Kingdom Ventures. Despite prior claims to the contrary on the Kingdom Ventures Web site and in Kingdom Ventures press releases, the newspapers currently published under the Christian Times Today name are not and never have been members of EPA.
The confusion arises in part because the California-based Christian Examiner newspaper, owned by the Keener Communications Group, is a member of EPA. The Christian Examiner was formerly named the Christian Times, but the Keener Communications Group sold the rights to that trademarked name to Kingdom Ventures. Kingdom Ventures is presently publishing a number of regional editions of a newspaper incorporating the Christian Times name.
In response to requests from EPA, Kingdom Ventures recently removed specific references to EPA from its site. Kingdom Ventures continues to claim that the Christian Times “has won numerous awards.” To clarify this claim, EPA notes that newspapers published by the Keener Communications Group have won multiple awards from EPA. However, newspapers published by Kingdom Ventures have never participated in EPA’s contest, nor have they won EPA awards.
“EPA membership and EPA awards are marks of excellence in the Christian periodical publishing industry,” said EPA Executive Director Doug Trouten. “Responding to misleading claims is necessary to protect EPA’s reputation in this area.”
Theresa Keener, vice president of operations for the Christian Examiner newspaper group, is a member of the EPA board of directors, but recused herself from EPA decisions involving the Christian Times.
EPA is the professional organization for the evangelical periodical publishing industry. Its members produce over 270 titles with a combined circulation of over 21 million.
KDMV featured in Motley Fool alert.
Fool.com: Free Real-Time Garbage [Commentary] May 10, 2004
(http://www.fool.com/news/commentary/2004/commentary040510bm.htm)
Free Real-Time Garbage
Chris Lahiji leapt into public consciousness as the teenager who claimed to have read 12,000 annual reports in a single year. His aggressive self-promotion paid off with dozens of media appearances, a book deal, and a position as co-manager of a minuscule mutual fund. But he's also using his public relations machine to hype penny stocks that he's been paid to promote. The one he featured this time is a doozy.
By Bill Mann (TMF Otter) May 10, 2004
Chris Lahiji has made the shortest walk in history from a high school kid to a cynical penny stock shill. You may recognize his name: As a high school senior, he set about reading the annual reports of every publicly traded company in America -- about 12,000 of them. Soon after, Lahiji set about an extraordinarily aggressive self-promotion campaign, and it paid off big-time -- he appeared on a vast number of media outlets and finally hit gold when a drowning mutual fund, Frontier Equity, took the leap by offering him a co-manager position.
Keep in mind that all of this started when a kid set out to do something pretty neat. This feat is what defines Chris Lahiji. On one of his websites, he states emphatically that he is "the first person to ever read 12,000 annual reports." I doubt it. That's nearly all that Philip Fisher ever did, and it's what Berkshire Hathaway's (NYSE: BRK.A) Warren Buffett does with an inordinate amount of his time. The difference is that both of them read annual reports for the sake of understanding.
A little simple math makes me question whether, in Lahiji's case, even the word "read" is stretching reality. Simple math states that 12,000 annual reports divided by 365 adds up to nearly 33 reports each day. If he read for 10 hours a day, that's more than three per hour, or one every 18 minutes. That's hardly time to read the average letter to shareholders, much less a whole report. Certainly it's not enough time to read the financial statements, churn through the footnotes, and generate even a passing understanding of what is being presented.
So while it may be accurate to say that Lahiji "thumbed" or "browsed" through 12,000 annual reports, I'd call "read" a bit implausible. Thankfully, he didn't use the word "understood." Some companies like Markel (NYSE: MKL), Infosys (Nasdaq: INFY), and IMS Health (NYSE: RX) have annual reports that make great doorstops and would take hours to read.
So I call shenanigans. It was a media stunt -- well constructed, to be sure -- but I don't buy it for a second. But whatever, Lahiji rolled it into a fund management job, he wrote a book. Good on him -- he's a hustler. There's nothing to say that there's an age limit on investing competence.
Ah, but a look in my inbox this morning suggests that he's hustling in more ways than one. Yep, Chris Lahiji isn't just a penny stock investor; he's a paid penny stock promoter. Companies can pay him a fee of several thousand dollars and he'll say hap-hap-happy things about them in broadcast emails that go to millions of people -- including me. And with that step he moves from being an overzealous naïf -- dangerous only to those who turn their money over to him -- to one who descends into that special slice of market participants who should in no way garner your trust. For when someone starts taking money from companies to offer promotion for them, he is in no way working for your benefit. That he's also a fund manager is an unbelievable conflict of interest.
Let me show you what I mean, using the company featured today as an example. It's called Kingdom Ventures (OTCBB: KDMV). Lahiji's email suggests that the company will earn $0.13 per share in 2004. He calls Kingdom Ventures the "only pure play stock that provides products and services to the Christian marketplace and churches." This must come as quite a shock to Salem Communications (Nasdaq: SALM), which provides religious radio services. But that's a debatable point.
Here are some things that are not debatable.
This past week, Kingdom Ventures filed a notice that it couldn't file its annual report on time with the SEC, though its fiscal year ended in January. The reason for the late filing? Acquisitions made in 2003, plus a $3 million increase paid to consultants in the form of below-market warrants on the company's stock. Pretty thin reasoning for a late filing, but more interesting was that this wasn't mentioned in Lahiji's email. After all, a late SEC filing is an enormous red flag. This coming from a company that already attracted SEC attention last year because of questions about suspicious trading of its common stock. Neither of these items was mentioned in Lahiji's breathless report.
Want more? I could recount the long history of the apparent shell game that is Kingdom Ventures, but Scott Patterson at SmartMoney.com already did a terrific job of that this past December. Highlights include a history of aggressive stock promotion, press releases with questionable claims stated as fact, what a forensic accountant calls "fictitious" accounting, and allegations between Kingdom Ventures and an affiliate called RCM surrounding a stock promotion deal that helped attract the SEC in the first place. Given that Kingdom Ventures has been the vehicle for past promotional activity that has run afoul of regulators, one would think that anyone who wishes to keep his reputation intact would stay far away.
But there's more. In his email, Lahiji notes that one of the big promising elements of Kingdom Ventures is its ownership in Christian Times. But an argument between Kingdom Ventures and Keener Communications shows something interesting: Kingdom Ventures claims that it has purchased the rights to Christian Times, where in actuality what it bought from Keener was just the trademark, not the circulation of the papers, which sits at 180,000 subscribers.
A read of coverage of Kingdom Ventures at securities watchdog website Our Street ought to be enough to have any sane investors running away in horror from this company. You'll find a history of balance sheet reversals, various and sundry business ventures, and other things that point to a company that very much deserves its position in the cesspool of the over-the-counter bulletin boards. Yet, in the midst of a delay of the company's 10-K, someone associated in some way with Kingdom Ventures (even if it is a minority shareholder) paid up for Chris Lahiji to hype the stock, and he took the bait, saying, "It's a great stock to own right now."
What's more, according to Lahiji, he gave a glowing recommendation in advance to subscribers on his paid site. My question is: Given that Lahiji was paid to get the word out on this highly suspect company, why should we expect that his research was in any way objective? And further, if it were objective, why in the world weren't these really damaging pieces of information about Kingdom Ventures disclosed? And finally, why, if this is such a great stock to own right now, is J&J Holdings -- wholly owned by CEO Gene Jackson's spouse, children, brother, and his family -- selling more than 80% of its stake in the company at the same time?
It doesn't really add up that a company can be a great investment when one of its largest shareholders is unloading a substantial portion of its position.
Here's what does add up, though. There has been a rapid rise in the number of spam emails hyping penny stocks. And the reason for the rise is pretty simple: They work. They work because the people who put them out know that there is a large component of individual investors who are unsophisticated and lazy. By selling his name on this one, Lahiji has joined that particular cynical fraternity and transformed himself from sideshow to financial menace.
Shades of Barry Minkow, anyone?
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Link to Dec. 10 Smart Money article: http://www.smartmoney.com/onthestreet/index.cfm?story=20031131
Bill Mann owns shares of Markel and Berkshire Hathaway. The Motley Fool is investors writing for investors.
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re:Our-Street- http://www.investorshub.com/boards/read_msg.asp?message_id=2765325 Posted by: lancebps
In reply to: None Date:4/4/2004 8:48:40 AM
Post #of 16212
OUR-STREET A VERY DIRTY BOY AS I SAID ALL ALONG
Our-Street’s ‘Nick Tracy,’ Hero Securities Cop On the Block or Fraudster Sued by the SEC? / ATTACHED REPORT Information
Our-Street.com has made a lot of noise as a self-appointed securities cop, even recently winning accolades from no less than the Dow Jones (NYSE: DJ) Newswire. The site’s purported proprietor, “Nick Tracy,” screams for more “transparency,” but like most would-be anonymous vigilantes, there is a dark side. A very, very dark side.
And not a lot of “transparency” for Our-Street and Tracy.
The site’s current target is Skyway Communications Holdings, Inc. (OTCBB: SWYC), and its recent targets have included H-Quotient (OTCBB: HQNT) and Circle Group Holdings (AMEX: CXN) when it was on the over-the-counter bulletin board. Short sellers love the site, and until recently Tracy had disclosed that he was among the short sellers trading the companies he posted.
Targeting H-Quotient turns out to have been Our-Street’s Achilles heel. H-Quotient has sued Our-Street and Nick Tracy, who claims to live and operate out of the countryside near London, Chancery Number 86916, Fairfax Circuit Court, Virginia.
Except the company didn’t sue Tracy, and it certainly didn’t sue him “just outside London,” where he has claimed residence. It sued Timothy J. Miles, of 918 Pacific Terrace, Klamath Falls, Oregon 97601, phone 541-273-0225, fax 541-273-0206, a character whose background is definitely interesting and eclectic. Miles, purportedly a.k.a. Nick Tracy sent his attorneys, Charles Hildebrandt and Michael York of the law firm of Wehner & York (http://www.lawyers.com/w&ylaw/) to answer the suit. The next hearing is scheduled May 27.
The website operator’s claim to be “outside London” appears to be true. Klamath Falls, Oregon, is definitely outside London.
Other companies that Our-Street has gone after include Silverado Gold Mines, Ltd. (OTCBB: SLGLF), Epixtar Corp. (OTCBB: EPXR), Aqua Vie Beverage Corporation (OTC: AQVB), ChampionLyte Holdings, Inc (OTCBB: CPLY), BEVsystems Interenational, Inc. (OTC: BEVI), DataMeg, Inc. (OTCBB: DTMG), Kingdom Ventures, Inc. (OTCBB: KDMV), Imaging Diagnostics, Inc. (OTCBB: IMDS), SHEP Technologies, Inc. (OTCBB: STLOF), EdgeTech Services, Inc (OTCBB: EDGH), Nutra Pharma Corp. (OTCBB: NPHC), Verdisys Inc. (OTC: VDYS), Calypte Biomedical Corporation (OTCBB: CYPT), Galaxy Energy Corp. (OTCBB: GAXI), PowerChannel, Inc. (OTCBB: PWRC), US Global Nanospace (OTCBB: USGA), and Universal Guardian Holdings (OTCBB: UGHO).
A handful have indeed become targets of the SEC, not always though for the “crimes” that Our-Street has accused them of. Many others, however, have actually prospered, and some, such as H-Quotient, reported strong earnings and revenues hard on the heels of Our-Street’s representations that its finances were a sham.
At first it was hard not to admire Our-Street’s premise, and even FinancialWire reported the site’s activities and Investrend Information even listed the site as a partner, for about a week, until certain representations became suspicious and requests for documentation as to Tracy’s existence and true whereabouts were brick-walled. The circumstances were outlined in a comment letter posted on the SEC web site at http://www.sec.gov/rules/proposed/s72303/investrend010404.htm, which claimed among other things that “Tracy’s” own comment letter supporting short selling may have been a violation if, as suspected, Tracy had not truly identified himself in an official letter to a government agency.
In response, “Nick Tracy” wrote to FinancialWire and claimed that the SEC “knows who I am.”
For Timothy J. Miles, nothing could be closer to the absolute truth.
“Securities and Exchange Commission v. C. Jones & Company, Carter Allen Jones, Timothy J. Miles, Gaylen P. Johnson, and Jonathan Curshen, Civil Action No. 03-WM-0636(PAC) (District of Colorado, filed April 11, 2003)” is proof of that. On March 1, 2004, the SEC was awarded a summary judgment against Miles in their case against him after Miles’ dismissal motion was denied.
The SEC charged Miles and his co-defendants, most of whom are believed to have dropped out of sight or left the country, with securities fraud for their participation in an alleged "pump and dump" scheme involving Freedom Golf Corporation’s common stock, where Miles was a “principal shareholder.”
The complaint alleges that in the fall of 1999, Miles provided a broker-dealer with false information to be filed with the National Association of Securities Dealers in order to initiate public trading of securities issued by Freedom Golf's predecessor company. The complaint also alleges that from late January through early March 2000, Miles paid two stock promoters, Jones and Curshen, to hype Freedom Golf via the Internet, telephone, and mail. Specifically, the complaint alleges that Jones arranged for the dissemination of between 25 and 35 million unsolicited "spam" e-mails touting Freedom Golf in February 2000. During the same period, the complaint continues, Johnson created baseless profit, revenue, and expense projections for Freedom Golf that Jones published on his company's Internet website, and that Curshen publicized on an Internet message board. In addition, the complaint alleges that Jones and Curshen failed to disclose the full amount that Miles was paying them to tout Freedom Golf, in violation of the federal securities laws.
The complaint further alleges that Freedom Golf's stock price and trading volume was pumped up to artificially inflated levels as a result of the false and misleading e-mails and baseless price projections.
According to the complaint, during the course of this manipulation, Jones, Miles, and Curshen all sold shares of Freedom Golf stock and reaped profits of more than $500,000.
And yes, indeed, the SEC does know Miles. The case is used as "class materials" in presentations on stock fraud by John Reed Stark, Chief of the Office of Internet Enforcement in the Division of Enforcement of the U.S. Securities and Exchange Commission, at http://www.johnreedstark.com/ClassMaterials/LitigationReleas....
As it turns out, the SEC’s recognition of Miles' activities were nothing new for him. From 1997 to 2001, operating from Hilton Head, SC, an EDGAR search reveals that Timothy Miles would indeed make a Nick Tracy a very knowledgeable resource for pumps, dumps and sham public companies.
Miles is listed in registration statements during that period for a wide range of public companies that were soon pumped and dumped out of business, including Ballyhoo Capital Ventures, Casinovations, Inc., Global Foods Online, Inc., ICV, Inc., Pratt Wylce & Lords Ltd., Sea Shell Galleries, and Wahoo Capital Ventures. Only one company in which he was involved, Bionet Technologies, Inc. (OTC: BNTK), survived as a public entity, and it is nothing more than a shell, with no trades at $0.0001.
Before leaving Hilton Head for Klamath Falls, however, Miles appears to have had an epiphany. As “Reverend” Timothy Miles, our self-described fighter against “corporate evil-doers” apparently discovered “the meaning of life,” and began sharing his revelations with the world at http://www.themeaningoflife.net. Recently, FinancialWire wrote to the email address on the website, addressing “Nick Tracy.” Miles/Tracy did not respond but the website was promptly taken down, perhaps to save the author from embarrassment. However, the website was downloaded and stored, and portions of it may be accessed at http://www.investrendinformation.com at http://www.investrend.com/Admin/Topics/Articles/Resources/92....
“In February 1991, a unique and mysterious crystal was discovered near what some authorities believe to be the site of the Garden of Eden. This crystal possessed remarkable powers. Anyone who held this magical crystal was healed emotionally, restored spiritually and enlightened. Everyone who held the crystal was changed in a positive and profound way,” stated Rev. Timothy Miles as part of a pitch to have individuals register at his website.
“In 1999 the crystal was discovered to also contain data. This data turned out to be a text file that revealed new insight into the meaning of life. Religious leaders and scientists gathered together and examined the crystal and the newly found text. What followed was a scientific evaluation of the crystal and the gathering of all available empirical evidence. The result; the only possible explanation for the powers of the crystal and the unusual and unexplainable characteristics of the file containing the message was that this was indeed a message from God.
“For reasons too numerous and complex to detail here, these religious leaders decided that the best thing to do with this message was to put it on the internet, accompanied by a complete story about the crystal's discovery and the events leading up to its being placed on the net to let God’s will determine if and how it would be disseminated.
Rev. Miles goes on to say that “the insight I have gained from the story and the message has changed my life in many ways, all for the better. I am a 54-year old ordained minister (30 years) and I can say without reservation, this story has strengthened my faith,” noting that “there is something remarkable about the actual file containing the message, something beyond scientific explanation that has convinced me beyond a shadow of a doubt that this is indeed a message from God. It blew me away.”
Blown away to Klamath Falls to become London’s “Hellboy” saving the world from corporate evildoers?
One would think that one public website besides Our-Street.com would have been enough for the versatile Rev. Miles, but drum roll, please, straight from Klamath Falls, Oregon, ladies and gentlemen, we bring you, wonder of wonders, OTCart.com, at http://www.otcart.com.
Here, he is a little bit more upfront about his interests, although “fine art” would not be among those most observers would have guessed. Mighty fine art, perhaps, but fine art?
Here is how the Reverend Stock Corruption Expert Pumper Dumper Corruption Fighter Art Connoisseur describes yet another enterprise: “OTCart.com was conceived and developed by Timothy J. Miles. Over 2 years in development, OTCart.com represents the logical and essential meeting of two of Mr. Miles’ great passions, the stock market and the world of fine art.
“Mr. Miles has been an avid collector of original and limited edition fine art for over 20 years. As a collector, Mr. Miles recognized the lack of a cohesive secondary market for limited edition art. He also recognized that this lack of a structured market, kept limited edition art from reaching its potential as an investment medium. After all, cars, commodities and even companies, through the public stock markets, had an organized and cohesive trading platform for their products.
“Having spent the past 14 years working as a stockbroker, consultant to and president of publicly traded companies, Mr. Miles has an intimate knowledge of the workings of the Over the Counter Stock Market and recognized the similarities between stock and limited edition art. He also realized that what the art world needed was a market similar to the Over the Counter Market as a venue to establish not only the value of a particular work of limited edition art, but the strength and depth of that market as well. In that way, the collector could make a more informed decision regarding a particular artist or work of limited edition art and a gallery owner could expand his market by participating in a global trading platform both as both a buyer and as a seller.
“OTCart.com is the perfect marriage between the stock market and the art world. Establishing a simple, effective and relevant real-time market for registered works of art, this platform creates the essential distinction between decorative and investment-grade limited edition art and facilitates the execution of that market,” concludes the quirky site.
Miles’ OTCart, Inc., in Klamath Falls, lists a phone and fax which executives at one public company say are the same where messages were left and documents were faxed from and to Nick Tracy. Our-Street publicly acknowledged receiving phone messages that were left exclusively at the phone number, 541-273-0225, and discussed documents faxed to 541-273-0206.
The site states that “effective May 1, 2003, employees and/or owners of Our-Street.com do not trade any stocks featured on this site. In fact employees and/or owners don't even short stocks period!” That policy was adopted as part of the set of principles that FinancialWire required after its initial article about Our-Street on March 17, 2003, and just prior to parent Investrend Information’s demand for more documentation as to the site’s agenda and ownership in May, 2003, when FinancialWire ceased coverage of the site’s complaints.
In late April, Our-Street, squeezed out of press release distribution by the major press wire services, frantically asked FinancialWire to publish findings that Aqua Vie Beverage (OTC: AQVB) had apparently produced its own “tout sheet,” without disclosing it was the publisher. Our-Street had filed the complaint on April 25, but it wasn’t getting the notice that “Nick Tracy” wanted.
As part of its requirements for publishing the story, FinancialWire asked Tracy to fax copies of the offense for purposes of documentation, and to assert that neither he nor others associated with Our-Street was trading in stocks of companies covered. Thus, Our-Street set its policy, but in doing so, inadvertently revealed that up until May 1, the site’s proprietors were in fact trading the stocks.
Satisfied going forward, in the wee hours of May 2, FinancialWire broke the story, and the SEC halted trading in Aqua Vie’s stock before the market opened.
The site then turned to other means to try to make money from its venture. It began accepting gratuities and selling “alerts” and “pre-alerts” about stocks it was about to publish, in essence, offering a paid front-runner service.
FinancialWire has received an email collected by Asiavest Investigative Services (www.agents911.com) that indicates Our-Street “does release information privately and before posting to their web site.”
The agent goes on to state “we believe that the person that sent this to us was one of the principals of Our-Street or closely related to the principals. The person that sent it to us is a known shorter, he is tied to organized crime people, and he was involved with a shorting criminal enterprise.”
The July 14, 2003 email message about Imaging Diagnotic Systems, Inc. (OTCBB: IMDS) sent to the individual from Tracy/Miles stated “that isn't due to hit till wedns so keep a lid on it .. thanks.”
One observer notes that many of the “scams” targeted by Our-Street had “significant price moves” prior to his “coverage.” It isn’t a leap to recognize that if there were short sellers in those companies, a scathing attack on the company wouldn’t do a short seller looking to bail out of a losing position any harm if the result, a short-term stock price deflation, occurs.
The observer notes that just because the messenger is tainted doesn’t mean that all of those targeted by short sellers are on the “up and up.” But for those that were, the executives are left after the experience wondering “who was that masked man, and what was that all about?”
That masked man, it turns out, is no relation to Dick Tracy, and he doesn’t have Sam Ketchum as a sidekick. Unmasked, is he Timothy Miles the SEC-charged fraud, the Reverend who found the meaning of life, the art connoisseur, the former stock broker and public company executive, the pumper and dumper, former Hilton Head resident now in Klamath Falls, or is he a true, abused, well-meaning, honest-to-goodness fraud-fighter just outside London? You decide.
Meanwhile, if you happen to be someone who agrees with Tracy/Miles that “Wall Street has been taken over by gangsters and terrorists in three piece suits and the cops (the SEC with its staff of 3,100) can’t handle it themselves,” you can do your part.
At http://www.voy.com/22812/, another dubious website apparently frequented by “Tracy,” mostly devoted to get-rich pyramid schemes and European lassies looking for a good time in London, you can answer this ad: “Looking for a research assistant -- Nick Tracy, 18:06:47 11/04/03 Tue [1] Nick Tracy Enterprises, Ltd is looking to hire another research assistant. We are a public company watchdog and we investigate all kinds of stock fraud and manipulation. If you like research, you will absolutely love this job. London area. Contact Nick Tracy at 207-900-2080.”
Is there anyone who lost on the KDMV fall willing to talk about it to a reporter?
please email: thedimrillstair@hotmail.com
Did you really think anyone was still long?
Applying for welfare with the other sheared sheep!
An Observer
WOW, THIS BOARD DIED? WHERE ARE THE LONGS?
where did all the nvxe mossies go????
Can someone please tell me why my last post regarding Mayu was removed? Also, who removed it
Very Interesting, Thanks engineer for the article. I'm going to make some calls tomorrow morning. I am not a happy camper.
served as a patsy for a group of pump-and-dump boosters who engaged in speculative activity in Kingdom's stock earlier this year.
Anyone care to guess who those people are? LOL!!
Also...Gary Loomis, a former member of CVCC and investor in Kingdom Ventures, says John Jackson was well aware of RCM's plans to inflate the price of the company's stock with an aggressive investor-relations campaign.
"Before all this began, I told John that this [deal with RCM] has all the hallmarks of a classic offshore pump and dump," says Loomis, who was formerly the emergency operation center team leader for the City of Los Angeles and is now retired. "He wanted to discuss the definition of a pump and dump. He drew a bell-shaped curve and drew a straight line across the bottom of both sides and said, 'If the stock price starts off here and end up here, that's a pump and dump. But if it ends up slightly higher, then that's different.' I just kind of laughed and said, 'John, what happens to all the investors that buy at much higher prices and lose most of their investment when the stock goes down.' And he had no answer."
John Jackson said in an email message that this conversation never took place, and characterized Loomis's insinuations as "laughable."
WOW...NO COMMENT
Article from SmartMoney.com
http://www.smartmoney.com/onthestreet/index.cfm?story=20031131
It looks like they hit the nail on the head.
I thought that might be the case. You're a smart guy pb.
last post on this
all is well
Let me ask you a question...when the reverse split took place, were John Howell's shares reversed as well? How about others? Damn good ROI if you ask me. Don't even TRY to tell me JH has a good name. He lied to me one too many times my friend. If you think he's an honest fellow, you better re-evaluate. You're about to lose some money if you don't. Right pb??? Have a good one.
Elderworf,
Do you know ANYTHING about NTRZ??? Have you TRIED the products?? Have you spoken to their medical specialists on their staff?? ANYTHING???
I have, and I believe that the company is solid, and legitimate. For you to imply otherwise using John Howell's good name is shameful.
Now THAT is the poorboy that I got to know in the chatroom. Remember back when we would find out something negative about NV and you'd get ticked off at me because I'd want to tell people? That's my motivation little man. I saw you scream "ALL IS WELL" about NV and encourage people to buy while the ship was sinking. I would like to help educate people.
I watched over here as you said "ALL IS WELL" knowing full well that you were going to sell into the dump.
Now I see the same about to happen with NTRZ with your buddy John Howell at the helm.
What you don't know is that I was told by a very good buddy of yours that it doesn't matter what these companies do. What matters is that they have enough money to do a fax blast/Dodi type PR campaign so that all of the original investors can get out. Sounds like a pump and dump to me. I was told that because this person wanted some of my money.
Now I wonder why you would mention my wife? We're actually doing quite well thank you.
As far as hating my job...well, I OWNED my job and recently sold the contracts and came out quite nicely. Nicely enough to put me through law school without having to work. Thanks for your concern though.
And if chatrooms are nothing more than soap opera conversations in chat rooms are for the infirm and feeble, what does that make you for being here making comments like you just did?
I wouldn't respond poorboy. I do have more dirt little man.
removed at my discretion,
an idiot is born every day
I knew that would get a rise out of you pb. You know very well what I'm talking about. If you doubt me, call your buddy that gets you into these stocks and ask him what I know. Just trying to keep things between the lines little man.
I don't quite get what you are implying elder. Are you saying that anyone who sold shares of KV did something wrong or unethical? Wouldn't that put you in that category also? Isn't that why you buy stock in the first place..to sell at (hopefully) a higher price and make money?
I take offence to your accusations Elderwolfe,
You know nothing of what you speak and request that you retract your slanderous comments!
And to publicly slander and list names on this forum or any other is worthy of IHUB termination imo.
How dare you!
Enjoy Law school, creep! good start!
engineer- let me tell you a little secret...most of the people that sold here did so KNOWING FULL WELL that it would take people like you (suckers, no offense intended)to buy the shares they needed to dump on the open market. I'm talking about people like poorboy, scorebig, gloomis, John Howell, and others. If you want a look at the next scam, go see NTRZ which recently had a reverse split. Now isn't it curious that John Howell is the CEO of that company? Isn't it also curious that the shares they have weren't subject to the reverse split? Not a bad deal eh? Not trying to rag on you my friend, just trying to inform.
What does he do??
you work for a major financial publication, hide behind a hotmail account and don't use your real name ........ rotflmao
I'm a reporter working on a story about Kingdom Ventures
I'd like to speak with investors in the company -- especially anyone who learned of the company through an ad called Christian Investing (or Undervalued Quarterly), by Peter Luhanto.
If you're interest in speaking with me, send an email with a phone number where I can reach you to financialreporter23@hotmail.com. If you have questions about who I am, you can simply send an email to that address and I can respond w/ information showing that I am a valid reporter with a major financial publication, and we can work from there.
Thanks.
Anyone have any information regarding the most recent pres release. How much are they paying for the times?
KDMV cost me just over $11,000 due to their lies, and Gene Jackson want to update my contact info because he has a neat new software program.
I still haven't seen any signs that this company has changed its ways.
Anyone have any news on the SEC investigation?
FAA Buys Notebook Computers from Kingdom Ventures' Xtreme Notebooks
Xtreme Notebooks will monitor radar systems at airports
MINDEN, Nev., Oct 8, 2003 /PRNewswire-FirstCall via COMTEX/ -- Kingdom Ventures, Inc. (OTC Bulletin Board: KDMV) today announced that the Federal Aviation Administration (FAA) purchased more than 40 notebook computers from its subsidiary, Xtreme Notebooks.
The notebook computers are expected to be used to monitor radar systems at airports in the Western United States.
"We are very pleased that the FAA has chosen Xtreme Notebooks to monitor its radar systems at airports," said Gene Jackson, president and CEO of Kingdom Ventures, Inc. "This is a great testament to Xtreme's mission-to sell the highest quality electronic devices and products at the lowest possible price. This order and others we're receiving confirm that Xtreme's products are not just best-in-class in the Christian market, but world class and desired by individuals, organizations, corporate clients and government agencies alike."
Xtreme Notebooks, Inc., (www.xnbs.com) is based in Carson City, Nevada. Xtreme specializes in notebook computers, tablet PCs, projectors, and plasma televisions, and focuses on providing superior product knowledge and customer support.
"We sold our first notebook in December 2000 and now roughly three years later we are selling notebooks to a critical government agency," said Steven Nichols, president of Xtreme Notebooks. "Our notebooks will assist the FAA in monitoring radar systems that affect the lives of millions of people everyday and we look forward to continuing this momentum with further growth in the Christian vertical market and the mainstream."
About Kingdom Ventures
Kingdom Ventures, Inc. (www.kdmvcorp.com) is a diversified supplier of media and products to the Christian marketplace. Consisting of two operating units -- Kingdom Media Group and Kingdom Products Group -- the Company serves the Christian marketplace through uplifting faith and humanitarian practice and by assisting Christians in personal, church and ministry growth to demonstrate the Good News of God's Word as proclaimed in the Bible.
The Kingdom Media Group includes the nation's largest regional Christian newspaper chain Christian Times, Christian Speakers & Artists Agency (the largest Christian Speakers bureau), Ministry Values for Growing Churches (the largest church direct marketing company -- www.ministryvalues.com) and Faith Group Services (which includes www.iExalt.com). The Kingdom Products Group consists of Xtreme Notebooks (notebook computers and Tablet PC's -- www.xnbs.com), Kingdom Gifts (inspirational gifts and candles), Yahwear Clothing (Christian apparel -- www.yahwear.com) and Mr. Roy Productions (silk screen and production facility).
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
SOURCE Kingdom Ventures, Inc.
CONTACT: Gene Jackson of Kingdom Ventures, Inc., +1-775-267-2242; or
Jeff Lambert, jlambert@lambert-edwards.com, or Tim Hanson, both of Lambert,
Edwards & Associates, Inc., +1-616-233-0500, for Kingdom Ventures, Inc.
URL: http://www.kdmvcorp.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
Kingdom Ventures Forms Strategic Relationship With Christian Artist Development Group
Companies Sign Two Year Marketing Partnership
MINDEN, Nev., Sep 29, 2003 /PRNewswire-FirstCall via Comtex/ -- Kingdom Ventures, Inc. (OTC Bulletin Board: KDMV) today announced it has formed a strategic relationship with Tennessee-based Christian Music Talent Search, dedicated to the creation and development of Christian music through discovery of new talent in the expanding Christian music industry.
"Christian Music Talent Search is establishing itself as a newcomer of the Christian recording industry, and is playing an essential role in the growth and development of Christian artists around the world," said Gene Jackson, president and CEO of Kingdom Ventures. "By working together, Kingdom Ventures and CMTS will better serve the Christian music niche, which continues as one of the bright stars of the overall music industry."
Kingdom Ventures currently serves the Christian market through a variety of media properties, services and consumer products, including the Christian Speakers & Artists Agency -- the leading booking agency serving the Christian market. CMTS and the Christian Speakers & Artists Agency will work to identify up-and-coming artists as well as promote existing artists in the fast-growing Christian music industry.
"Festival Con Dios," (www.festivalcondios.com ) or Festival of God, is the first project in which the two companies will collaborate. The traveling event boasts keynote speakers, games, events, food, numerous Christian rock bands and a local battle of the bands, attracting thousands of Christian music fans at each of the dozens of locations around the United States. CMTS will take applications, interview artists, and will ultimately award a record deal and other prizes to the winning artist or group in the "battle of the bands."
"Kingdom Ventures is pleased to become a partner and co-sponsor of CMTS at Festival Con Dios as a first step in a broader alliance with CMTS," Jackson said. "We both share the vision of reaching people -- whether through churches or ministry organizations, or in this case music -- and we look forward to the benefits of this agreement."
Kingdom Ventures and the CMTS have also formed a new website, www.ministryartists.com , to promote a computer designed specifically for upcoming artists by Kingdom Ventures and CSA Agency.
Kingdom Ventures, Inc. (www.kdmvcorp.com ) is a diversified supplier of products and services to the Christian marketplace. Consisting of three operating units -- Kingdom Communications Group, Kingdom Marketing Group and Kingdom Commerce Group -- the Company serves the Christian marketplace through uplifting faith and humanitarian practice and by assisting Christians in personal, church, and ministry growth to demonstrate the Good News of God's Word as proclaimed in the Bible. In addition, Kingdom Ventures provides fundraising services for small- to medium- sized churches.
The Kingdom Communications Group includes the nation's largest regional Christian newspaper chain Christian Times, Christian Speakers & Artists Agency and Life Perspectives Radio (www.iExaltRadio.com ). The Kingdom Marketing Group provides e-commerce, e-community and Internet services, including popular Christian web portal iExalt.com (www.iexalt.com ), iExaltMall (www.iexaltmall.com ) and Faith Group Services. The Kingdom Commerce Group consists of Xtreme Notebooks (personal computers), Kingdom Gifts (inspirational gifts), Sierra Candles and Yahwear Clothing, and Mr. Roy Productions (Christian apparel).
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
SOURCE Kingdom Ventures, Inc.
CONTACT: Gene Jackson of Kingdom Ventures, Inc., +1-775-267-2242; Jeff
Lambert, jlambert@lambert-edwards.com , or Tim Hanson, of Lambert, Edwards &
Associates, Inc., +1-616-233-0500, for Kingdom Ventures, Inc.
URL: http://www.prnewswire.com
http://www.festivalcondios.co
Copyright (C) 2003 PR Newswire. All rights reserved.
Nation's Largest Gathering of Christian Counselors Kicks Off in Nashville
Overall Counseling Numbers on the Rise
NASHVILLE, Tenn., Sep 25, 2003 /PRNewswire-FirstCall via COMTEX/ -- The American Association of Christian Counselors (AACC), the nation's leading organization of Christian counselors and a division of Kingdom Ventures, Inc. (OTC Bulletin Board: KDMV), today kicked off their annual World Conference at the Opryland Hotel. More than 6,500 counselors are in attendance, representing an estimated 4,000 churches, counseling centers, sponsors, and Christian ministries from all 50 states and 25 foreign countries.
The theme of this year's convention is "Helping People Live the Life," with distinguished Christian speakers offering more than 125 workshops on subjects ranging from grief, crisis and suicide to legal and ethical issues faced by counselors in the fast-growing Christian counseling industry.
"Each year, numbers for this much-anticipated event steadily rise," said Gene Jackson, president and CEO of Kingdom Ventures. "It is truly inspiring to look at a crowd of Christian counselors this size, growing stronger every year, committed to more effectively offering the love of God and wise counsel to the many people who come to them for help, hope and direction. It's something Kingdom Ventures is proud to be a part of."
Overall employment of counselors is expected to grow faster than the average for all counseling-related occupations through 2010, according to the U.S. Department of Labor's Bureau of Labor Statistics. Counselors in the United States held about 465,000 jobs in 2000, divided between education, rehabilitation, mental health, substance abuse, and family capacities. One decade ago, counselors held only 165,000 jobs throughout the nation -- and about 7 out of 10 were school counselors.
"The counseling world as a whole is rapidly changing and expanding, for many reasons," said Tim Clinton, President of the American Association of Christian Counselors. "On the whole, society is focusing more and more on mental well-being, such as controlling stress associated with career and family responsibilities. The counselors attending this conference are committed to being a critical resource for people in need, and this gathering allows the counselors themselves to be encouraged and equipped as demand for their services continues to grow."
The AACC conference, which this year boasts record attendance, runs through September 27. Award-winning Christian recording artists Sarah Groves, Selah, Kathy Triccoli and others will be on hand for motivation and inspiration.
The American Association of Christian Counselors exists to help professional, pastoral and lay caregivers provide effective Christ-centered soul-care for those seeking direction. It is the intention of the AACC to equip professional, pastoral and lay caregivers with biblical, theological and psychological truths that minister to the soul of a hurting person, helping them move to personal wholeness, interpersonal competence, mental stability and spiritual maturity. The AACC is a recently added member of the Kingdom Ventures group of companies.
Kingdom Ventures, Inc. (www.kdmvcorp.com ) is a diversified supplier of products and media to the Christian marketplace. Kingdom Ventures, Inc. serves the Christian marketplace by assisting Christians in personal, church, and ministry growth to demonstrate the Good News of God's Word as proclaimed in the Bible. The Kingdom Media Group includes, in addition to AACC, the nation's largest regional Christian newspaper chain Christian Times, Christian Speakers & Artists Agency, and e-commerce, e-community and Internet services, including popular Christian web portal iExalt.com (www.iexalt.com ) and iExaltMall (www.iexaltmall.com ). The Kingdom Products Group consists of Xtreme Notebooks (www.xtremenotebooks.com ) (personal computers), Kingdom Gifts (inspirational gifts), Sierra Candles, Yahwear Clothing (www.yahwear.com ), and Mr. Roy Productions (Christian apparel).
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
SOURCE Kingdom Ventures, Inc.
CONTACT: Gene Jackson of Kingdom Ventures, Inc., +1-775-267-2242; Jeff
Lambert, jlambert@lambert-edwards.com , or Tim Hanson of Lambert, Edwards &
Associates, Inc., +1-616-233-0500, for Kingdom Ventures, Inc.
URL: http://www.kdmvcorp.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
Confused!
As always LOL, but for the life of me, I can not understand with the recent filing and the SEC investigation, why this stock is not sub zero?
Are most of the shares holding this thing up unsellable at present?
Honor
Surfer,
I my personal experience about 1 in 7 pays off. This is very much like Vegas! If you minimize your losses on the six that do not succeed, the one that does can be significantly rewarding.
Engineer,
I am in the same boat as you but I am completely out as far as holding. I am continuing to watch with an eye to coming back when, and if, they can get these management and regulatory issues resolved. They still have IMO a well thought out marketing plan that could be hugely successful.
Voyager
As a recent loser on this stock, and a newcomer to this type of investing,I am tempted to ask,,,,does anyone really make money on these Bulletin Board stocks?
One more observation from the 10Q
We believe our existing cash and cash from operations will not be sufficient for us to meet our cash requirements for at least the next 90 days. We will, therefore, need to obtain additional financing to implement our business plan. We are exploring a variety of financing alternatives in order to fund implementation of our business plan, and intend to raise additional capital through public or private sales of equity and/or debt securities. However, we have not entered into any arrangements with respect to such financings, and cannot be certain that we will be able to find such additional financing on reasonable terms, or at all. If we are unable to secure such financing when
needed, we may be unable to expand, respond to competitive pressures, increase and diversify our product offerings, maintain adequate inventory, increase our advertising and marketing, implement our e-commerce strategy and otherwise
implement our business plan. In addition, we may be required to decrease expenses and modify our business plan based upon the cash available to us.
Here is a little more detail about the SEC investigation from the 10Q.
ITEM 1. LEGAL PROCEEDINGS
On July 31st, 2003 we received a subpoena from the Securities and Exchange Commission relating to certain information relating to our common stock and transactions that we have entered. We have been advised that the SEC is
investigating possible violations of the securities laws arising from activity in our common stock but has made no determination as to whether there has been a violation of the law. We have voluntarily provided the SEC with certain materials in connection with this investigation and are aware that certain individuals, including some of our shareholders and executives, have either voluntarily provided materials or have been the subject of subpoenas to provide materials to the SEC. Any action by the SEC against us or our executives could have a material adverse effect on our financial condition or results of
operations.
For the record, I used to hold this stock. I lost a significant portion of my money when I sold. I am still holding about 1% of my initial number of shares. I personally think that this is a bad investment at this time. Once they iron their legal troubles out, show positive cash flow, and show a reduction in administrative expenses, then I might reconsider. A change in management would be nice to.
(SEC subpoena) I guess this answers everyones nagging question:
From the 10-QSB filed 9-19-2003
The Company has received a subpoena from the Securities and Exchange Commission relating to certain information relating to the Company's common stock and transactions that have been executed. Any action against the Company or its executives could have a material adverse effect on the Company's financial position and results of operations.
http://www.sec.gov/edgar/searchedgar/companysearch.html
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