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Actually, it was yesterday. Jim Bishop already posted it.
Took 'em long enough. Maybe the Microcap Fraud Working Group could use some help.
Yet, ISDV is still trading! There's no justice.
But, I hold out hope, being the eternal optimist that I am, that it's day, too, will come!
Know anyone at the sec, Jim, you can whisper "ISDV" into their ear?
LOL of course.
Well, I am SHOCKED! HOW could such a thing happen to such a fine company? lol
I'm sure that when Lieberman finds out, he'll straighten things out in a jiffy! Have no fear.
It's all a misunderstanding!!!!!
SEC Suspends Trading of 26 Companies to Combat Corporate Hijackings
Actions Are First From Enforcement Division's Recently-Formed Microcap Fraud Working Group
FOR IMMEDIATE RELEASE
2008-41
Washington, D.C., March 13, 2008 - The Securities and Exchange Commission today suspended trading in the securities of 26 companies that appear to have usurped the identity of defunct or inactive publicly-traded corporations using a tactic known as corporate hijacking. The Commission ordered the suspensions because of questions regarding the adequacy and accuracy of information pertaining to their status as publicly-traded companies.
The trading suspensions are part of the SEC's stepped-up effort to address fraud involving the securities of non-exchange traded, or microcap, securities. These are the first actions resulting from the recent formation of the Enforcement Division's microcap fraud working group. In March 2007, the Commission suspended trading in the securities of 35 companies as part of the SEC's Anti-Spam Initiative, which targets potentially fraudulent spam e-mail.
"Microcap investing involves thousands of companies and hundreds of thousands of investors. Keeping this tier of the market honest and free of fraud is every bit as important to investor confidence as our regulation of the world's largest companies and exchanges," said SEC Chairman Christopher Cox. "These trading suspensions demonstrate the SEC's intensified commitment to eradicating microcap fraud. The trading suspensions, and the actions that will follow, should leave no doubt that the Commission will use all of the weapons in its arsenal to combat those who threaten the integrity of our markets."
Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, added, "Hijackings are a burgeoning problem, and a type which the Division's microcap fraud working group was created to address. Today's trading suspensions are squarely aimed at putting the market on notice about the risks associated with acquiring non-operational or 'shell' companies, and with investing in microcaps. This is a first step. We will continue to vigorously investigate those involved."
In conducting the corporate hijacking, certain persons appear to have incorporated each of the 26 companies using the same name as a then defunct or inactive publicly-traded corporation. For identification purposes, each class of an issuer's publicly-traded securities is assigned a ticker symbol by Nasdaq Reorganization and a CUSIP number by the Standard & Poor's CUSIP Bureau. These same persons appear to have usurped the CUSIP numbers and ticker symbols assigned to the defunct or inactive corporations' publicly-traded securities for use by the newly-incorporated entities. They then appear to have obtained new CUSIP numbers and ticker symbols in lieu of the old ones, also for use of the newly incorporated entities, by apparently representing falsely that they were duly authorized officers, directors, or agents of the original publicly-traded corporation.
The trading suspensions will last for 10 business days. The trading suspensions commenced today at 9:30 a.m. ET and terminate at 11:59 p.m. ET on March 27, 2008.
The 26 companies whose trading was suspended today are: Andros Isle Development Corp. (AVPJ); Asante Networks, Inc. (ASTN); Beluga Composites Corporation (BGCC); Cobra Energy Inc. (CBNG); Complete Care Medical, Inc. (CCMI); Disability Access Corporation (DBYC); El Alacran Gold Mine Corp. (EAGM); Extreme Fitness Inc. (EXTF); Gaming Transactions Inc. (GGTS); Global Equity Fund, Inc. (GEQF); HealthSonix Inc. (HSXI); IQ Webquest, Inc. (IQWB); JSX Energy Inc. (JSXG); Kensington Industries, Inc. (KSGT); Kingslake Energy Inc. (KGLJ); L International Computers Inc. (LITL); Let's Talk Recovery Inc. (LKRV); Mobilestream, Inc. (MSRM); Mvive, Inc. (MVIV); Native American Energy Group Inc. (NVMG); Paramount Gold and Silver Corp. (PZG); Regal Technologies Inc. (RGTN); Remington Ventures, Inc. (REMV); Straight Up Brands, Inc. (STRU); Transglobal Oil Corp. (TRGO); and Turquoise Development Company (TQDC).
The Commission cautions broker-dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by these companies. Further, broker-dealers should be alert to the fact that, pursuant to Rule 15c2-11 of the Securities Exchange Act of 1934, at the termination of the trading suspensions, no quotation may be entered unless and until the broker-dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of this company that has been subject to a trading suspension until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, D.C. at (202) 551-5720. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
The Commission acknowledges the assistance and cooperation of the Royal Canadian Mounted Police, the Ontario Securities Commission, the U.S. Attorney's Office for the District of New Jersey in Newark, the U.S. Attorney's Office for the Middle District of Florida in Tampa, the Newark and Tampa Field Offices of the U.S. Secret Service, and the Financial Industry Regulatory Authority (FINRA).
Any investor or other person with information relating to this matter is invited to contact the staff at (202) 551-4600 or by e-mail at ENF-26suspensions@sec.gov.
# # #
For more information, contact:
Scott W. Friestad
Associate Director, SEC's Division of Enforcement
(202) 551-4962
John S. Polise
Assistant Director, SEC's Division of Enforcement
(202) 551-4981
http://www.sec.gov/news/press/2008/2008-41.htm
Jabs! You're BACK! And you've seen the light!
What happened? Did you go to get another haircut and find out that magazine you read the LITL article in was from 2004?
"SEC investigation? We don't need no steenking SEC investigation to know this is a scam!" (Blazing Saddles)
This company is a scam is anyone sure if there is really an sec investigation,
But, not guys! Right yardslave? ( :
"I have found that women can be the same way sometimes:)"
I have found that women can be the same way sometimes:)
Sometimes they're willing to tell the company if it's over, but not always.
ohh well it's as far as their hands can reach..ha police has arrested the great horse rider lisa but this is pretty much it, because everything is possible in this American dream it will take ages before barry has bought to where he belongs! Does miguel exist - yes in spain! Otherwise it’s barry!
(p.s. ask us the best places to lose your money, we tell you for free!)
Not fair is an understatement. More like criminal.
Apparently, this investigation is being used as the reason why it's still on the greys.
Is there no end to the bs? lol
That was a rhetorical question, of course. ( ;
The SEC just won't tell anyone the status of an investigation. Sometimes they're willing to tell the company if it's over, but not always. Which I don't think is fair.
We're inching closer, Janice. Another basis point lower today!
Regarding your statement "apparently there's an investigation", what's your take on whether the SEC will verify the status (just ongoing or settled) of an investigation that's known to have begun two years ago on a company? Will they comment? Or, is it solely up to the company to inform their shareholders, if they so choose?
Thanks. The company's EXBX, btw.
It certainly is. Apparently there's an SEC investigation, but either they're not very interested or can't lay hands on the perps...
Barry D. Reagh is all behind it, there was never no office or manufacturing ... just a great scam, there was a private investigation conducted and all matters are now sent to law enforcement. Unfortunately both of core scammers are left from the country but one way or another it will find its end.
But in another hand isn't it this place a paradise for scammers?
All the best
Martin
Fingers crossed!
LOL. I'll have it on ice Monday. Something tells me it won't be long before we pop the cork. Til then.
YESSSSSSSSSSS!!! A '96, perhaps. You don't want to drink champagne too old...
Hey, Janice. LITL is looking to be heading for a new all-time low of $.005!
I'll meet you here for a cyber-toast of champagne, ok?
Which year Don Perignon would you like? LOL
Ya this company was a fraud all the way around. I was just looking through some of the forums and saw more or less the pictures. Then I did some basic research and found out it was a complete fraud.
It doesn't matter.
There are no products.
Does this company really hold patents for all the products they hold on there website? If anyone not to sound lazy could give me a brief run down on there information on the company.
You just made me flash on the scene where they were making like they were riding along on their horses (no horses, of course) and they had people smacking coconuts together to make the sounds of hooves.
I may have to spend some time on YouTube watching those skits tonight! LOL.
Damn, that was such a wonderful sketch. As was the Spanish Inquisition, and of course the Black Knight. The latter has much application to the hopeful posts made by so many penny stock bagholders.
No, 'e's not! 'E's passed on! This parrot is no more! He has ceased to be! 'E's expired and gone to meet 'is maker!
'E's a stiff! Bereft of life, 'e rests in peace! If you hadn't nailed 'im to the perch 'e'd be pushing up the daisies!
'Is metabolic processes are now 'istory! 'E's off the twig!
'E's kicked the bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisibile!!
THIS IS AN EX-PARROT!!
'e's not DEAD! 'e's only RESTIN'!!
If you remember Taxi, do you remember the show when Brother Jim was taking his driver's test and asked what the yellow light meant?
I swear every time I see that I laugh until I cry and my sides hurt.
Slow down.
OK, Whahht doesss theee yellllooow lighhhht meannn?
Giggling now,
Phil
Yeah, I'm afraid I'm THAT old!
Taxi was a great show.
"This one is not dead until the SEC shuts it down, or until someone stops buying the worthless paper."
TECHNICALITIES!!! LOL
So, the parrot ain't dead. It's just in a coma! ( :
And the SEC has to pull the plug.
LOL
Are you old to remember the episode on taxi where Brother Jim brought home a horse and had him in the bedroom?
Alex and others went over and Jim was complaining because the horse wouldn't eat.
Alex went in the room and the horse was dead.
It was hilarious.
This one is not dead until the SEC shuts it down, or until someone stops buying the worthless paper.
Phil
"all but"?
I'm reminded of the Monty Python sketch, where John Cleese brings in the parrot he bought from the pet shop the day before. It had died, but the shopkeeper kept trying to tell him it wasn't. Hilarious!
"dan" and "jabs" are the shopkeeper who know the parrot's dead, but try and tell everyone it's just asleep. lol.
This dog is all but dead.
I suspect there will be a lot of tax loss selling next week though, which should drive it even lower.
Phil
A long way....as in, to infinity?
You can cut something in half and no matter how many times you do it and no matter how small, it can always be cut in half again and again and again.
That's why God created reverse splits!
(chuckle, chuckle)
Nah, it's still got a long way to go...
Thank goodness for the holiday slowdown!
It took...
6 weeks to go from .04 to .02
3 weeks to go from .03 to .015
2 weeks to go from .02 to .01
Here it is after two weeks and it's only down from .01 to .007
Hey, maybe it's bottoming!?
(chuckle, chuckle)
You're right.
There's a lot of bad stuff there.
How about this one?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Investment Firm Sold Millions in Unregistered Securities
April 5, 2006
Missouri Attorney General Jay Nixon has filed a lawsuit to shut down a St. Louis company that sold at least $3.8 million in unregistered securities to investors on the promise of exorbitant rates of return.
Investors in Global Power Global Wealth (GPGW) Enterprises not only didn't realize those returns, Nixon says; in most cases, the investors lost their principal investments as well.
The lawsuit cites GPGW and its subsidiaries, Global Wealth Investments, Opportunity Lives and Global Wealth Builders, for numerous violations of the Missouri Securities Act of 2003 and the Missouri Merchandising Practices Act. Also named as defendants in the lawsuit are GPGW president, Andre E. Mitchell of O'Fallon, Ill., and vice president Henry L. Allen of St. Louis.
http://www.consumeraffairs.com/news04/2006/04/mo_securities.html
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Phil
I would vote for the elimination of the pink sheet market.
Too many crooks get by with way too much fraud there.
Phil
It'll probably trade for much longer than it should be allowed to and drop much lower, of course.
THEN, it'll be delisted. Sad.
Phil, put "unregistered securities" into a google search.
You won't read anything good! lol
Yes, but penny stocks can trade with a registration exemption. If they never registered any stock with the SEC, the SEC can't revoke the registration of that stock.
It's a loophole that should be closed. They should all be required to register their stock with the SEC.
I don't know whether it ever registered any stock under 12(g).
I'm not sure what that means, but wouldn't the SEC have regulatory power over it if they were selling it in the US?
Phil
Supposedly the SEC is investigating. I guess as usual it's taking forever. They may not be able to revoke it; I don't know whether it ever registered any stock under 12(g).
I'm surprised it hasn't been delisted.
Phil
Me too. I wonder if it'll drop sharply now... It SHOULD be at 0.0001.
I too am surprised it took this long.
Phil
jabs, the whole primary purpose of a stock message board is for people to get together to discuss stocks. It's sort of an unwritten law that a fact presented should be verifiable. The fact that you presented IS. The fact that you didn't provide verifiability, makes it worthless info. Not "words of wisdom".
What do you suppose happened to dan, who was "pumping" the stock right before you? I say, pumping, because he didn't present any verifiable proof of anything, either. Not finding fault, here. Because there simply IS no verifiable facts anyone can present
You're cash by the way, is soon to be expresssed in denominations of less than a penny.
Have you attempted to get a hold of their law firm, Karlsson Law Corporation? At least, that was the last known firm to represent them. Good luck with that.
So, are you going to stop by the barbershop and get the name of that magazine? That would be a real coup for you if you did.
Janice;
As a matter of fact I do like getting haircuts, but probably not as much as you hate litl. What is your problem, All I am doing is just like everyone else here passing on some words of wisdom. I should not be put on trial by you. if you don't believe it then that is up to you but to call me a pathetic pumper that is crude. If i wanted to be a pumber I would just let my cash talk for me
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* Business Wire (Mon, Oct 30) L International Announces Design Plans for Its 11:20am High-End Next-Gen Professional L-Mach Workstation Computers * Business Wire (Tue, Oct 19) L International Reveals Plans for High-Tech 4:00pm Next-Generation Laptop Computer Systems * Business Wire (Tue, Oct 17) L International Announces World's Highest Performing 10:10am High-End Large Volume Enterprise Storage Systems * Business Wire (Thu, Oct 05) L International Announces Takuro Yamashita as Vice 10:44am President of Software & Hardware Engineering * Business Wire (Thu, Sep 28) L International Appoints Francois Colbert as Chief 9:57am Financial Controller * Business Wire (Mon, Sep 26) L International Computers Inc. Closes $5 Million USD 6:02 AM Tranche above-Market Private Placement * Business Wire (Fri, Sep 22) L International Announces Laurence Poggioli as New 10:53am Vice President Worldwide Product Marketing * Business Wire (Thu, Sep 21) L International Computers Inc. Outlines Sales Strategy 4:00pm * Business Wire (Thu, Sep 21) L International Announces Next-Generation microPuRAM(TM) 9:30am Ultra-Performance Solid State Storage Technology * Business Wire (Wed, Sep 20) Elizabeth Parker Joins L International Computers Inc. 4:00pm as CFO * Business Wire (Tue, Sep 19) L International Computers Inc. to Appraise London 4:00pm Stock Exchange AIM Listing * Business Wire (Fri, Sep 18) L International Announces Instant-On(TM) Technology 4:00pm for Mainstream Laptop, Desktops and Workstation Computer Systems * Business Wire (Mon, sep 11) L International Computers (LITL) SqueezeTrigger Price is $0.96 * Business Wire (Fri, Sep 1) LITL Announces OneTouch(TM) Recovery Technology for Bullet-Proof Data Security Backups and Restores * Business Wire (Fri, Sep 1) LITL Announces Its Next-Generation PuRAM-GO(TM)/ PuRAID-GO(TM) Ultra-Portable High-Speed Solid State Drive Technology * Business Wire (Thu, Aug 31) LITL appoints Manjit S. Sandhu as Chief Business and Product Development Officer Worldwide * Business Wire (Wed, Aug 30) LITL Announces the Metropolis, the World's First 19' Laptop Computer Featuring Nvidia's Quad-SLI Technology * Business Wire (Wed, Aug 30) LITL Reveals PuRAMxpress Ultra High-Speed Storage Technology * Business Wire (Wed, Aug 23) LITL Signs $45M European Distribution Agreement * Business Wire (Mon, Aug 21) LITL Engages CRM International of LondonInvestor e-mail correspondences with the company:
--------- 1st email ---------- (post 212) From: Barry Reagh Date: 09/27/06 13:55:46 To: Susan Mohler Subject: Re: Your product line The company's products should be available to the general public within the next three to four months. Please watch for their new website which is currently under construction at: www.-l-computer.com Thank-you for your interest. Barry Reagh (866) 666-5172 -------Original Message------- From: Susan Mohler Date: 09/27/06 19:15:56 To: investor@l-computer.com Subject: Your product line I am an investor who is also very impressed with your machines. Can you tell me what stores (Big Buy, Circuit City, etc) that will be carrying your line. I am interested to see the machine in person and possibly buy a couple. Thank you Susan Mohler --------- 2nd email ---------- (post 251) Dear Mr. Hammoud, I expect a dramatic turn-around on the LITL market next week. At the same time, I also expect continued volatility over the next three to four months prior to the launch of the company's international sales campaign. Should you have any questions, please do not hesitate to contact me during market hours at toll-free (866) 666-5172. Regards, Barry. -------Original Message------- From: A. Hammoud Date: 09/29/06 06:34:00 To: investor@L-Computer.com Subject: LITL Dear sir, I am an Investor in L-Computers and I have lost so far almost 50% of my position! If this company is for real then please you should pay attention to what is going on in the market! Check out this board to see how your investors have no more confident in you. http://www.investorshub.com/boards/board.asp?board_id=6780 Again, if you are for real then please do something about it. Regards, A. HammoudBoardmarks: 16 (as of 10/20/06)
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