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Stock Spam
Listed below are the latest Spammed Stocks.
Why is this report useful to the investor? By using this Spam Report, the common investor will now have an information tool in which to make a more informed investment decision, whether the investor chooses to catch the wave early or to stay away from a "too good to be true" stock scam, at least he or she will have a better map of the terrain surrounding their investment decision. Read a more detailed explanation of why this spam report is important.
Check out the stock spam summary and spammer activity for the past month and year.
* Please note: We do NOT send spam. Stock spams are most often sent by third parties trying to manipulate the company's stock, and the company is typically not responsible for the spam. For more information regarding public company stock spam, you can read and learn how some fraudsters carry out their stock market scams and microcap spam. If you own a public company, you can get our spam advice for companies.
Company Name Spam Rating [?] Count Date Sent
1. Permanent Tech Inc (PERT) (5/5) 37 12-14-2007
2. Permanent Tech Inc (PERT) (5/5) 13 12-13-2007
3. Permanent Tech Inc (PERT) (5/5) 10 12-12-2007
4. Greater China Media and Entertainment Corp (GCME) (4/5) 1 12-11-2007
5. Harris Exploration, Inc (HXPN) (5/5) 1 12-10-2007
6. Greater China Media and Entertainment Corp (GCME) (4/5) 36 12-10-2007
7. Greater China Media and Entertainment Corp (GCME) (4/5) 6 12-09-2007
8. Harris Exploration, Inc (HXPN) (5/5) 6 12-09-2007
9. Harris Exploration, Inc (HXPN) (5/5) 7 12-08-2007
10. Greater China Media and Entertainment Corp (GCME) (4/5) 5 12-08-2007
11. Greater China Media and Entertainment Corp (GCME) (4/5) 2 12-07-2007
12. Harris Exploration, Inc (HXPN) (5/5) 15 12-07-2007
13. DealerAdvance, Inc (DLAV) (1/5) 1 12-07-2007
14. Uranium Energy Corp (UEC) (1/5) 1 12-06-2007
15. Triden Telecom, Inc (TRTM) (1/5) 10 12-05-2007
16. eBenefits Direct, Inc (EBFD) (1/5) 1 12-05-2007
17. Triden Telecom, Inc (TRTM) (1/5) 4 12-04-2007
18. PSM Holdings Inc (PSMH) (1/5) 1 12-04-2007
19. Greater China Media and Entertainment Corp (GCME) (4/5) 1 12-03-2007
20. Triden Telecom, Inc (TRTM) (1/5) 6 12-03-2007
21. PSM Holdings Inc (PSMH) (1/5) 2 12-03-2007
22. Greater China Media and Entertainment Corp (GCME) (4/5) 1 12-02-2007
23. Energetics Holdings, Inc (ENRH) (1/5) 1 12-02-2007
24. PSM Holdings Inc (PSMH) (1/5) 2 12-02-2007
25. PSM Holdings Inc (PSMH) (1/5) 2 12-01-2007
26. Greater China Media and Entertainment Corp (GCME) (4/5) 2 12-01-2007
27. Greater China Media and Entertainment Corp (GCME) (4/5) 1 11-30-2007
TO ALL:
I am going through his profile and posting this announcement on the boards he chose to visit.
A great Ihubber, Goldman450, passed on last evening and his wife, Robin, posted to Centual Sue and myself about his passing.
This is her post to Sue:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Hi sue, I did try to write to you last night but honestly, I am numb.
Please ask Phil and yourself to pick in Rob's name. Nascar was everything to him.
He'd not want to miss his picks!
Robin
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
This is her post to me:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Hello,
This is Rob's wife Robin. I am very sorry to tell you this but Rob passed on this afternoon. He passed away in his easy chair just as he wanted.
I had just gotten done holding him to tell him I loved him when he passed. It was very sudden, but he just went during his sleep and was very calm.
I'm so sorry. He spoke highly of all of you. I tried my very best for him, but he just went.
Robin
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
The moderators on the NASCAR board, and Sue, will pick for him next year, and if history tells us anything, he will win the contest next year just like Marie did the year she died.
Must be divine intervention, whatever.
We are going to have a Memorial service for Rob (Goldman) tomorrow evening on the NASCAR board, and request that anyone that cares, please stop by and say goodbye to him.
http://investorshub.advfn.com/boards/board.asp?board_id=3206
Also, we are requesting that anyone that knew him or traded posts with him please, please send a PM to his account so his wife can read the posts at her leisure and see how much we cared about him.
http://investorshub.advfn.com/boards/profile.asp?user=54165
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Rob (Goldman) was a class act and deserves nothing but the best.
Everyone please stop by tomorrow afternoon/ evening and say farewell to him.
Thanks,
Phil
We must report all spams to the SEC and put a stop to it!
Here's another one:
No shockers Here, e tGU climbs hard. UP over 55%
Wed and Fri last week we saw investors pushing the shares down and
grabbing large blocks to control the trading. Like clockwork Makers
moved it back into play and shares climbed hard all day. With a total
increase of 55% this one is really moving. Tuesday is the hottest time
to get in. The momentum is already there and the continued push from
makers will keep this on the rise. Act fast and move on Tuesday morning.
CYTV spammed once last year and twice this year!
Spread the word to stay way from this one!
Posted by: masterblaster12
In reply to: None Date:11/8/2007 6:37:17 PM
Post #of 418
(CYTV) should be reported to the sec for what they are doing to investors! Please stay away from investing I know these people involved and they will destroy the you in a heart beat!
Internet Securities Fraud Scheme Charges
Published Wed, 2007-11-07 16:46 Internet
R. Alexander Acosta, United States Attorney for the Southern District of Florida, Jonathan I. Solomon, Special Agent in Charge, Federal Bureau of Investigation, and Don B. Saxon, Commissioner, Florida Department of Financial Regulation, announced today the filing of an Information charging defendants Gerald Milligan , 47, and Andrew Mariani , 31, both of Wellington, Florida with conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 371. Each defendant faces a maximum penalty of five years’ imprisonment, a $250,000 fine, 3 years supervised release, and restitution. An initial appearance for Mariani is scheduled before United States Magistrate Judge Linnea R. Johnson on Wednesday, November 7, 2007, and for Milligan on Friday, November 9, 2007.
As set forth in the Information, Milligan ran an internet securities website through a company called Options Management Specialists, Inc. (OMSI). Mariani, a licensed stock broker, had an undisclosed affiliation with OMSI. Between August, 2005 and June, 2007, OMSI received over $1.1 million from approximately 100 investors. Approximately $150,000 of the funds were traded and mostly lost by Mariani. The remainder of the funds were used to support Milligan’s lavish lifestyle, to make approximately $30,000 in payments and loans to Mariani, and to make purported investment payments to the original investors. To perpetuate the scheme and lull investors into a false sense of security, Milligan, using various aliases and with the knowledge of Mariani, sent e-mails to investors falsely reporting the successful investment of their funds. When investors began requesting return of principal and voicing suspicions about the company, Milligan sent e-mails to investors falsely claiming their monies had been lost due to poor investments in certain failing companies. Mariani researched and gave the names of the failing companies to Milligan for this purpose.
Mr. Acosta commended the investigative efforts of the Federal Bureau of Investigation and the Office of Financial Regulation, State of Florida. This case is being prosecuted by Assistant United States Attorney Carolyn Bell.
A copy of this press release may be found on the website of the United States Attorney's Office for the Southern District of Florida at www.usdoj.gov/usao/fls . Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or on http://pacer.flsd.uscourts.gov .
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Anti-Spam Initiative, SEC The SEC Division of Enforcement's Online Complaint Center indicates a 30 percent decrease in spam-related complaints during the same 12-month period, with complaints dropping from more than one million complaints during the final six months of 2006 to 727,313 during the first 6 months of 2007.
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Spam Pump and Dump Guilty Plea According to the charges to which all of the defendants have pleaded guilty, the stock manipulation schemes employed by the co-conspirators for each of the companies followed a similar pattern. In general, the co-conspirators either solicited the company directly or were introduced to the company by a co-conspirator. In most instances, the companies were small privately-held companies that needed to raise money.
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Email and Securities Fraud To effectuate the spam email campaigns, the co-conspirators hired a promoter to distribute the spam email to individuals throughout the United States, primarily to email accounts registered with American Online through AOL’s servers located in the Eastern District of Virginia.
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SEC Suspends Trading Of 35 Companies The trading suspensions are part of a stepped-up SEC effort - code named "Operation Spamalot" - to protect investors from potentially fraudulent spam email hyping small company stocks with phrases like, "Ready to Explode," "Ride the Bull," and "Fast Money." It's estimated that 100 million of these spam messages are sent every week, triggering dramatic spikes in share price and trading volume before the spamming stops and investors lose their money.
No one cares anymore:
-----Original Message-----
From: News [mailto:news@autoconnectionsamerica.com]
Sent: Wednesday, September 05, 2007 6:01 PM
To: Lowe Shelli
Subject: Cruise Extortionist Cops Plea
We are glad to inform you of a CANCER CURE invented
by ANDOVER MEDICAL INC (ADOV), that will take
the world by storm. This new medicine, is above all other
and boosts a 80% success rate during clinical trials
Over the next few days you will hear about this in the PAPERS and on TV.
So buy shares now, while price is low, before the news hits.
ANDOVER MEDICAL INC (ADOV)
$.45
thanks for the update there i never noticed the pps has only taken a small hit since your suspension.
Does anyone have any new news?
Have any of these companies been reinstated? (yet)?
Have any been formally charged or dismissed from investigation?
I am still long in one that has continued to grow tremendously, but it is still not quoted, and information is scarce. The company is so strong, though.
LEAT - Leatt-Brace Corp. - Just Another Victim of our friends at the SEC.
from the etmo board
Posted by: WillyBoyXXX
In reply to: uwlungman who wrote msg# 27367 Date:7/4/2007 9:08:34 AM
Post #of 27381
The SEC perform those mass halts pretty routinely - about twice a year. It's a way for them to garner a little self-serving publicity. And, they're pretty careful about which companies they halt, for whatever popular reason they give. Being, as they are, a fairly useless bureaucracy composed and directed by last-in-their-class CPA's and lawyers, the last thing they want is a company with both the muscle (ie. a shark SEC lawyer) to mess with them, and the minimal transparency the The Pink Sheets requires. The SEC in the case of those 35 companies accused of spamming were only halted for ten trading days, but The Pink Sheets, a private entity, booted all 35 from their venue, and all now trade in grey sheet limbo.
I haven't had ETMO on my radar lately and just noticed The Pink Sheets has removed the quote.
http://www.pinksheets.com/quote/quote.jsp?symbol=ETMO
I hope this is old news for you guys and it's being addressed. GLTA
I agree. If they're going to take actions such as they did... then the least they can do is follow-up with some info/findings/actions of some kind. Rather than simply letting collateral damage happen to hapless penny shareholders. Unless they found that all 35 suspensions were warranted. I guess that's our risk in POSville, unfortunately.
got this about the suspension from the s.e.c.
more from the sec:
I have been advised to recommend that you look at our "Fast Answer" on
trading suspensions at http://www.sec.gov/answers/tradingsuspension.htm
for a response to your inquiry. A market maker would have to file a
form 211 with the NASD, and the NASD would need to approve it before that
or other market makers can resume quotations in the security.
Otherwise, after the end of the suspension, limited transactions may be able to
occur on an unsolicited basis.
I hope that this information is helpful.
Ann Sulzberg
CIVX wants to be traded at Pinks again, too - they`ve filed 15c2-11, also - waiting for upgrade to this market - they`re holding back with some good PR`s! Doesn`t make sense to publish them while trading at Greys! ..waiting patiently - want to add some cheapies there!
Nice board, righty!
SEEMS TO ME THEY ARE NOT TALKING PERIOD, for an outfit seemingly interested in protecting the public they have dropped the ball conclusively. In fact, some of the companies suspended had already prior to the suspension issued press releases warning the public of the spam THEMSELVES!
SO IN MY WAY OF THINKING THEY ACTED RATHER HASTILY AND UNDER THE BLANKET OF GENERALITY.
IF the intention was to stop spam, in this way, they did not conduct their campaign effectively as the real perpetrators would then have escaped unscathed. I believe it is obvious they hit the mark in some cases, but in others missed completely.
But the real injustice is to the public, as far as the public can see, nothing was done, i have yet to hear of any follow up some 4 months later. Considering this all began last august, they are coming up on a year of inaction.
I wonder how many millions of shareholders cash they destroyed?
If the purpose of their existence is the protection of the shareholding public, this is chalked up to yet another blatant failure on their part.
Mind you they balked on the GF provisions for 73 years, so I suppose we owe them some more time to get er done.
Hello. Does anyone know if there has been additional follow-up or findings by the SEC on any of those 35 companies? I've lost touch with it, but it's definitely a point of interest. I'm wondering how accurate the SEC was, or if it was just a pacifier action.
form 15c2-11 details:
*************General Instructions************************
Complete this form to initiate or resume quotations in the OTC Bulletin Board, the Pink Sheets, or any other
comparable quotation medium. By completing this form, your firm is representing that it has satisfied all applicable
requirements of Securities and Exchange Commission (SEC) Rule 15c2-11 and the filing and information
requirements of NASD Rule 6740. It is not necessary to file this application if a member qualifies for an
exception or exemption provided by paragraphs (f)(1)-(5) or (h) of Rule 15c2-11.
Send the completed form, a photocopy of the completed form, and two copies of the required Issuer information
to NASD, OTC Compliance Unit, 9509 Key West Avenue, Rockville, MD 20850-3329. If you have any questions,
call the OTC Compliance Unit at (240) 386-5100.
Check the applicable quotation medium(s):
OTC Bulletin Board Pink Sheets Other (name of quotation medium)
Part 1 – Issuer and Security Information
Provide the information requested below:
1 Exact name of Issuer and predecessor (if any)
2 Address of principal executive offices
3 Telephone number of principal executive offices
4 Type of security (check one) Domestic Security ADR Foreign Security DPP
5 State of incorporation Country of incorporation
6 Complete title and class of security to be quoted
7 Symbol of security (if assigned) CUSIP (if assigned)
8 Par or stated value of security
9 Total securities outstanding at the end of the Issuer’s most recent fiscal year
10 Name and address of transfer agent
11 List any restrictions on the transfer of the security
12 Price of initial quotation entry Bid Ask No price at this time
If you are requesting to enter a bid and/or ask price, you must also provide a clear statement of the
following information:
The basis upon which the priced entry was determined:
The factors considered in making that determination:
2
Part 2 – Required Issuer Information
Check the applicable box (select only one) that corresponds to the category of Issuer information accompanying
this application. To determine the applicable category, carefully review paragraphs (a)(1)-(5) of Rule 15c2-11
under the Securities Exchange Act of 1934 (1934 Act) and paragraph (g), which defines “reasonably
current” information for purposes of paragraph (a)(5).
Provide two copies of all required information (except for EDGAR documents) along with this completed form.
RECENT OFFERINGS
(a)(1) Provide the prospectus which became effective less than 90 calendar days prior to filing this Form 211,
as specified by Section 10(a) of the Securities Act of 1933 (1933 Act).
SEC Effective Date: Date Security(ies) Issued:
(a)(2) Provide the offering circular which became effective less than 40 calendar days prior to filing this Form
211, as provided for under Regulation A under the 1933 Act.
SEC Effective Date: Date Security(ies) Issued:
(a)(3) REPORTING COMPANIES List:
The Issuer’s most recent annual report filed pursuant to Section 13 or 15(d) of the 1934 Act or the annual
statement referred to in Section 12(g)(2)(G)(i) of the 1934 Act. Quarterly and other current reports filed
after the Issuer’s most recent annual report or statement. List below each report or statement and applicable
amendments filed by the Issuer through EDGAR that your firm has in its possession that meets the
requirements of this section.
Name of Report or Statement Report or Statement Date EDGAR Filed Date
3
(a)(4) FOREIGN PRIVATE ISSUERS
Provide information furnished to the Securities and Exchange Commission pursuant to Rule 12g3-2(b) of the
1934 Act since the beginning of the Issuer’s last fiscal year. List below the information supplied with this form.
Name of Report or Statement Report or Statement Date SEC Filed Date
(a)(5) NON-REPORTING AND ALL OTHER COMPANIES
The applicant must make the Issuer information filed in conjunction with section (a)(5) of this form available
upon request to any person expressing an interest in a proposed transaction with the subject security filed.
Provide the Issuer’s most recent balance sheet, profit and loss and retained earnings statements, equivalent
financial information for the two prior fiscal years for the Issuer or any predecessor company, and the documents
that support the information provided in this form.
a. Describe the Issuer’s business.
b. Describe the products or services offered by the Issuer.
c. Describe the Issuer’s facilities.
d. List the name(s) of the current Chief Executive Officer(s) and members of the
Board of Directors of the Issuer.
e. Is the member firm submitting this form, or any person associated with it, affiliated directly or indirectly with the
Issuer? Yes No If yes, what is the affiliation?
f. Is the quotation being published or submitted on behalf of any other broker-dealer? Yes No If yes,
what is the name of the broker or dealer?
g. Is the quotation being published or submitted directly or indirectly on behalf of the Issuer or any director, officer
or any person who is directly or indirectly the beneficial owner of more than 10% of the outstanding units or
shares of any equity security of the Issuer? Yes No If yes, what is the name of the person, and
what is the basis for any exemption under the federal securities laws for any sales of such securities
on behalf of this person?
4
Part 3 – Supplemental Information
Please review paragraphs (b)(1)-(3) of Rule 15c2-11 and provide the information requested below.
(b)(1) Describe the circumstances surrounding the submission of this application. Include the identity of any
person(s) for whom the quotation is being submitted and any information provided to your firm by such
person(s).
(b)(2) Has the Issuer or its predecessor (if any) been subject to a trading suspension order issued by the SEC
during the past 12 months? If a trading suspension order has been issued, provide two copies of the
order or of the SEC’s public release announcing the trading suspension order.
Check the appropriate box: Trading suspension order or release enclosed. Not applicable.
(b)(3) Provide any material information, including adverse information, regarding the Issuer, that your firm
is aware of or has in its possession (Do not list information already provided in Part 2). If your firm
does not possess such information, state “None” below.
Identify any applicable information by name and date.
5
Part 4 – (Complete for OTC Bulletin Board quotation requests only)
Fiscal Year End Date (MM/DD)
Date of Incorporation (MM/DD/YYYY)
Standard Industrial Classification (SIC) Code
(a) Complete if the Issuer files periodic reports through the SEC’s EDGAR system.
• Provide the 10-digit Central Index Key (CIK) number.
(The CIK is a unique identifier assigned by the SEC to all companies and people who file disclosure
documents through EDGAR with the SEC)
(b) Complete if the Issuer does not file periodic reports through the SEC’s EDGAR system.
• Name of regulatory authority where the Issuer
files periodic financial reports.
• Telephone number of the regulatory authority.
• The Issuer’s filing cycle. (Check one)
Quarterly
Semi-annually Annually
Other (Describe the filing cycle)
• List the required reports filed by the Issuer for the current fiscal year.
Name of Report Due Date of Report Date of Report
6
Part 5 – Certification
The undersigned must have a reasonable basis for believing that the information accompanying this form
is accurate in all material respects and that the sources of the information are reliable.
By signing this document, I acknowledge and certify that my member firm has a reasonable basis for believing that
the information accompanying this form (including required EDGAR filed documents not provided) is accurate in all
material respects and that the sources of the information are reliable (“affirmative review obligation”) as required by
Rule 15c2-11 under the 1934 Act and NASD Rule 6740. I understand and acknowledge that this affirmative review
obligation applies to all subsequent submissions made in connection with this Form 211 application. Further, I certify
that I have examined this form and, to the best of my knowledge and belief, it is true, correct, and complete. I
understand and acknowledge that copies of this form, accompanying documents, and subsequent submissions made
in connection with this Form 211 application may be provided to the Securities and Exchange Commission, or other
regulatory agencies, Pink Sheets LLC, and to the public upon request through the Pink Sheets LLC.
Name, title and signature of member firm employee to contact regarding information contained in this Form 211
application.
Name Title
Signature Date
Phone Fax
Name, title, and signature of the registered principal of the member firm responsible for this Form 211 application,
and all subsequent submissions made in connection with this application.
Name Title
Signature Date
Firm Name
(Member firm must be a Pink Sheets LLC subscriber if application is for the Pink Sheets.)
Address
City State Zip
Member firm CRD# Market Participant Identifier
7
also to get back pink (at least) we would (they all will) need MM sponsorship... IPKL's CEO, Mr. Kanno, has told me as for IPKL's condision, they have filled out and sent off multiple packets to multiple MM's seeking sponsorship... thus far, all have been turned down, to my knowledge!... that was it.. GL!
hey guys, cool board to track and monitor this "for our protection, and for our own good" the S.E.C. intervention!
-I own one of the above mentioned companies (IPKL)
-so far from speaking to the CEO of (IPKL) Mr. Kanno, I have concluded that this "S.E.C. intervention" has done more damage to these companies than any spam mail could have EVER done...
-Automatic suspention in trading is devestaing to a small cap, trying to rise up and become something... Now they add the monthly, very time consuming, and possibly limited expences to comply via fed-x'ing paper work, to office hrs gathering said needed info... to other issue that have arrived
-what we know is that these ceos must fill out and file with the S.E.C, and Nas....form 15c-211.... not what Kanno has told me is that the form 211 is NOT the only way to get back trading into the normal status.... (at least pink).... I don not have any indepth info as to what the "other" ways are (but will be contacting the ceo again later this week--maybe he will Elaborate just a tad)
any questions I can answer I will be more than happy to! GLTUA!!!
WNCP wibsite has been down since June 6. I am trying to contact someone/anyone who may have info.
here is the post from this morning
Press Release Source: WayPoint Biomedical Holdings, Inc.
WayPoint Biomedical Holdings, Inc. Expands National Wholesale Distribution Network for Hangover-Free Patch
Monday July 2, 7:00 am ET
HUNTINGTON BEACH, CA--(MARKET WIRE)--Jul 2, 2007 -- WayPoint Biomedical Holdings, Inc. (Other OTC:WYPH.PK - News) is proud to announce the national sales expansion for their Hangover-Free transdermal patches through various US wholesale distribution channels.
ADVERTISEMENT
After WayPoint's recent attendance of their national sales shows, both North Carolina-based SOUTHCO Company and JT Davenport, Inc., have purchased product and are now distributing the line in the retail Convenience Store sector. WayPoint Vice President of Sales and Marketing, Phill Richer, states, "We are extremely delighted to have both these reputable and successful Southeastern companies representing and selling our Hangover-Free Patch line."
WayPoint has shipped additional orders to distribution groups around the USA, including wholesale distributors in Wisconsin, New York, Texas, Idaho, and Massachusetts, to name a few. There is growing acceptance and recognition of the Hangover-Free Patch as an innovative new retail product that addresses the issue of lost productivity due to the "hangover effect." With respect to WayPoint's expanding retail distribution network, Mr. Richer comments, "We are very encouraged by the number of distributors picking up the product and marketing into the C-Store channel. We expect further growth and greater geographical coverage in the near future as we continue to appoint new distribution groups."
The company is making all the right moves to become a viable trading company.I do have faith in MR Fox and I am strengthening my position in the company
The company is now headed by MR STEVEN FOX He is readily available and quite willing to answer any questions that he can as long as they are in the parameters of the law.He is doing all he can at this time to get the company uprighted and under a full head of steam as quickly as possible.here is another post from the company
Press Release Source: WayPoint Biomedical, Inc.
WayPoint Biomedical Announces Corporate Restructuring and Updates Regarding Operating Activities
Tuesday May 8, 5:29 pm ET
HUNTINGTON BEACH, Calif., May 8 /PRNewswire-FirstCall/ -- WayPoint Biomedical, Inc., a subsidiary of WayPoint Biomedical Holdings, Inc. (OTC: WYPH - News) is announcing the following corporate restructuring directives, along with updates regarding previously announced operating plans and initiatives.
Over the past year the Company has been involved in on-going litigation to prosecute several previous consultants and market makers who allegedly defrauded both the Company and its legitimate investors through an alleged illegal "Pump and Dump" scheme. This will be the first of several announcements to be posted over the next several weeks, whereby the Company will explain the nature of the litigation, the parties involved, and the current status/outcomes, as determined by the courts. In addition, WayPoint will also share the strategic focus and direction that the Company is now pursuing, which has not yet been announced to the public due to the nature of the litigation.
Management Structure Announcements
In the fourth quarter of last year the following actions took place. Mr. Dennis Shepherd resigned from his position as CEO, Director and Corporate Secretary for WayPoint Biomedical, Inc. and WayPoint Biomedical Holdings, Inc. Mr. Steven Fox accepted the position as the new CEO and Director of both entities. Mr. Phill Richer was promoted to the position of Vice President of Sales and Marketing and Director. In addition, Corporate Controller, Richard Schonfeld, took over the duties as corporate Secretary and Treasurer.
Updates on Previous Announcements
* The partially completed auditing and registration process that would
enable WayPoint Biomedical Holdings, Inc. to trade on the OTC:BB
exchange was temporarily halted, due to share count discrepancies
related to the litigation.
* The WayPoint and Global Informatics smart card based electronic
medical records joint venture, World Wide Medical Systems, LLC is no
longer in-force due to the initially secured WayPoint funding being
withdrawn. Although the JV no longer exists, a WayPoint agent is
still actively seeking new sources of funding for this venture.
* Distributor or Broker agreements with Martin Schwanz in Canada, LJP
Marketing in Las Vegas, NV, Women's Safety Education Group in Olympia,
WA, and Euro-American Marketing in Scottsdale, AZ, were cancelled due
to nonperformance and/or payment issues.
* After a second LOI extension allowing WayPoint to further investigate
the opportunity, the decision was made to not enter into a
distribution/licensing agreement with System Two for their
Frontline® Explosive Detection Kits for the Homeland Security market
sector.
* After signing an LOI with Arben Biosciences and investigating the
opportunity, it was decided that WayPoint would not market and
distribute Arben's Simplicity(TM) "No-Step" Pregnancy Test(TM).
* Due to capability limitations caused by the Company's current
litigation, the introduction of WayPoint's Clinical and
Over-the-Counter Drugs of Abuse Tests has been temporarily been put on
hold until further notice.
About WayPoint Biomedical Holdings, Inc.:
Good morning,,,Well to address WYPH It seems that certain people that are no longer affiliated with the company..were in fact doing a pump and dump scam to the company.These people are in fact being investigated for the scam and are going to be brought up on criminal charges by the company and the SEC when all is said and done..HERE IS ONE OF THE POSTS FROM THE COMPANY
WayPoint Biomedical Holdings, Inc. Files Lawsuit Against The Depository Trust and Clearing Corporation (DTCC)
Monday June 25, 7:00 am ET
HUNTINGTON BEACH, CA--(MARKET WIRE)--Jun 25, 2007 -- WayPoint Biomedical Holdings, Inc. (Other OTC:WYPH.PK - News) has filed a lawsuit against New York-based The Depository Trust and Clearing Corporation (DTCC) and its subsidiaries. The lawsuit claims damages as a result of DTCC's refusal to comply with a subpoena request for documents that are needed by WayPoint in order to track trades in the company's shares by certain individuals and companies who have been named by WayPoint as defendants in a pending action in the Los Angeles Superior Court.
ADVERTISEMENT
The Los Angeles Superior Court action seeks to expose a scheme by holders of WayPoint's common stock to engage in a "pump and dump" with respect to the shares. WayPoint claims that the shares held by the defendants named in the Los Angeles Superior Court action should have been cancelled as a result of a prior corporate merger or returned to the company in a 2006 share buy-back agreement.
DTCC refuses to disclose the identities of the traders in WayPoint's shares, claiming that such information is not "available." DTCC has refused to comply with a "commission" issued by the Los Angeles Superior Court for protection of the needed records. WayPoint seeks consequential and incidental damages pursuant to California law that specifically authorizes a civil action for money damages resulting from a failure to comply pursuant to a subpoena.
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