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Is ERBB DTC chill?
Anyone have an answer that is fact?
LCK
If a company is already on the DTC chill list and it files the S1 will it be taken off ?
Do you know of any companies that have successfully gotten off the chill list after being put on ?
if so which companies and how did they do it ?
last, did any companies get off by filing the S1 ?
hes any company with a dtc chill gotten rid of it ? which ones ??
DTC chill DD and why what is happening is happening
H.R.4173 - Wall Street Reform and Consumer Protection Act
http://www.opencongress.org/bill/111-h4173/show
Wall Street Reform Act
(this PDF I find is the Best answer)
http://www.accenture.com/us-en/landing-pages/management-consulting/risk-management/Pages/dodd-frank-risk-management.aspx?c=con_usriskmpsgs_0511&n=g_Dodd_Frank/a_0_k/Dodd_Frank_&KW_ID=saWpVBWn7|pcrid|17467299230
http://www.accenture.com/us-en/landing-pages/management-consulting/risk-management/Documents/Accenture-US-Financial-Regulatory-Reform.pdf
The Future is Here; a Tale of Two Companies
http://wallstreetbranding.com/the-future-is-here-a-tale-of-two-companies/
Finally I got an answer from its IR contact Ron Davis, got it via email (from yahoo email account to yahoo email account, on a previous try from gmail I didn't get any answer probably due to the message getting into the spam filter or so as I was speaking about a stock lol).
I've also found that Twitter is as good as useless to get info.
Thanks...
Are they temporary chills or one of the global lockdowns which tend to last for a long time?
Sad but, funny post. lol
Hadn't noticed it earlier... sorry.
Good luck with that one.
My stock GPGD currently has been labeled as NON-DTC eligible (it was). According to Just2trade (so far the most specific reply) it's "chilled for Deposit" at the DTC.
GPGD is a POS but it isn't the typical scam company as the pumping and stock sales are next to none; Volume always has been an utter joke with some very sporadic PRs which induce an one-day spike whose volume is insufficient to raise any real money.
What it happens is that since insiders (Simon and Greg Rubin) own nearly all the shares they run it as a private company and likely to be doing so in their spare time, that's why there is very little activity, next-to-no updated info and the IR sucks bigtime. Probably their Transfer Agent died too and they didn't notice ROFLMAO.
Hi Karin,
PPJE was approved by FINRA to do an RS according to the ceo and just received an email from her today saying they are working with dtc to move forward with the RS very soon. Problem is can't trust any pinky ceo. Guess ill have to wait and see what happens. Thanks for your help : )
I haven't been following them. Have they had a recent R/S? Sometimes, it takes awhile for the shares to be traded after an R/S. That type of DTC problem is usually short lived.
Other times a stock can have a global lock, or "Chill", which is usually permanent.
I'd have to do some research to see which situation applies to them. It may even be both.
Call your broker and ask whether or not they have a global lock or "Chill" in place.
Hmmm... Just did a quick google search and it seems the company mentioned becoming dtc eligible back in April 2011. If they aren't eligible now, you are probably looking at a global lock or "Chill". That isn't a good thing at all.
http://www.publicwire.com/2011/04/19/ppje-ob-ppje-enterprises-updates-its-shareholders/
GLTY...
In Reply to 'PennyPro_Set4Life'
Hi board,
Can anyone help me out? I am looking into PPJE and apparently they are supposed to be DTC eligible shortlty, were can I find status on this company to see if they are DTC compliant? Thanks
I hope not Karin...
That would be really unfortunate for them.
But I guess we all end up learning these lessons the hard way!
:)
I've definitely been in my share!
Slowly but surely, I'm getting a little wiser.
What Does Chill Mean?
http://www.investopedia.com/terms/c/chill.asp#axzz1YFeuaUlf
Special restrictions that can be placed on a given security by the Depository Trust Company (DTC). Chill restrictions are intended to limit the potential for problems within the financial marketplace, and can be placed on a security for various reasons.
Investopedia explains Chill
Owned by many financial companies including the New York Stock Exchange (NYSE), the DTC acts as a clearinghouse for stock exchange securities, settling trades in corporate and municipal securities. If the DTC has cause to be concerned about a specific security currently processed through its system, it may place a "chill" status on the security. This will restrict brokerages' ability to transfer the shares or units of the security through DTC until the security's issues are cleared up or it ceases trading on the market.
Relatively few "chills" are put in place according to the DTC.
Here is a document from them giving some of the reasons a "chill" might be placed.
http://www.dtcc.com/downloads/legal/imp_notices/2010/dtcc/z0025.pdf
March 10, 2010
DTCC has experienced an increase in the number of customer queries regarding transaction restrictions, generally referred to as “chills” that DTC places on a relatively small number of eligible securities. Occasionally, DTC may need to “chill” certain transactions such as deposits, withdrawals-by-transfers (WTs), deliver orders (DOs) or restrict all these services (commonly referred to as a “global lock”) for operational, risk management or regulatory and compliance reasons. These restrictions may have an impact on Continuous Net Settlement (CNS) eligibility. DTCC recognizes that these actions may create additional operational processing among the member firms and between participants and their customers. The purpose of this notice is to clarify some of the conditions that may cause DTCC to take such action and to communicate DTCC’s intentions to reduce the additional operational processing these necessary actions may cause.
DTC applies certain transaction restrictions in the normal course of processing. For instance, DTC chills physical deposits and WTs for Book-Entry Only (BEO) securities. DTC may need to temporarily chill physical WTs if notified by the transfer agent that it is temporarily out of blank certificates. If DTC learns that the issuer no longer has a designated transfer agent (i.e., the security is non-transferable), DTC will chill WT transactions. At times, non-transferable issues may have certain deposit restrictions as well; only participants subscribing to DTC’s “non-transferable” programs may avail themselves of these services if an issue is designated non-transferable.
During certain reorganizations, redemptions and maturities, DTC will chill the security for book entry activities to ‘close the books’ with the transfer agent in order to stabilize positions while the event is occurring. This may cause NSCC to exit the security from CNS eligibility. In a limited number of cases where a Money Market Instruments (MMI) issuer defaults, all MMI securities associated with the issuer are chilled for all future MMI issuances and maturities.
DTC will place certain restrictions on Limited Eligibility securities, which are not freely transferable or otherwise not eligible for the full range of DTC services. (Participants must subscribe to DTC’s Custody program in order to avail themselves of Custody services.) In addition, Participants can only transact book entry deliveries with certain Canadian securities which are not registered with the SEC, but are part of the DTC Canadian Dollar Settlement Service.
From a legal and regulatory perspective, securities that are subject to sanctions imposed by the Office of Foreign Assets Control (OFAC), for example Cuban Bonds are globally locked. Restrictions may also be placed on securities in situations where DTC has been informed by the issuer or its agent, regulators or law enforcement, or has other compliance concerns that its Cede & Co certificate inventory has been compromised due to unauthorized, altered, fraudulent or counterfeit share issuance. If DTC reasonably suspects that all or a portion of its street name holdings are not fungible and freely transferable, it may decide to chill one or more of its services as it deems appropriate.
To assist the industry in alleviating additional operational processing, NSCC has implemented an additional service as of March 5, 2010 that will aggregate non-CNS eligible trade-for-trade obligations, bi-laterally between counterparties. Counterparties will now be required to settle just one receive order and one deliver order in a given security rather than having to settle multiple transactions. As is currently the case with all trade-for-trade obligations, these items are not guaranteed by NSCC. For more information regarding this service please refer to NSCC Important Notice#6958.
Please contact your DTCC relationship manager if you have any further questions regarding this notice.
How to get rid of a DTC "chill"
After doing a lot of research on "chills" it seems DTC handles them all a bit differently. The one common thread I've found is that a DTCC participant has to request a reinstatement of services. Shareholders themselves and the company can't do it.
Following link provides a list of participants:
http://www.dtcc.com/downloads/membership/directories/dtc/alpha.pdf
You should all view the list to find one of these participants that you have influence over to get them to formally request the "chill" order be lifted. DTC will only consider a review for reinstatement of services provided that request originates from a DTCC Participant.
BBDA - BeBevCo CEO: Enough Is Enough with DTC Chill
http://ih.advfn.com/p.php?pid=nmona&article=48525237
Date : 07/21/2011 @ 9:28AM
Bebida Beverage Company (OTCmarkets: BBDA) (BeBevCo), a developer, manufacturer and marketer of relaxation and energy drinks, announced today that a full legal, political and personal effort is being set in motion to clear up a DTCC Chill that has plagued the Micro cap company for over two years. The Chill in effect limits broker/dealers from freely trading the company stock without huge hurdles. The Chill acts as a tremendous deterrent for retail traders and has been a serious problem for far too long.
The company has since 2009 done everything required by the OTC markets for compliance as well as has never received any notice, document or email from anyone at the DTCC regarding the imposition of the Chill. Furthermore the company has called the privately held DTCC compliance department over 50 times in the last year and half with no one ever offering a reason and or any solution for why there is in fact a Chill.
"The time has come for a more aggressive approach. We are so busy with growing the distribution of our Relaxation beverage KOMA UNWIND that we have little time for anything else. But the fact that we have hundreds of people emailing and sending messages that they can't buy our stock on the open market is cause for great concern on behalf of our Company and our shareholders," explained CEO Brian Weber. "When a company is publicly traded, it is just that and all the public should have access and not just Wall Street market makers," Weber continued.
"Our category of Relaxation drinks is expected to grow from $500 million to $13 billion over the next 3-5 years. What a tremendous opportunity for people to get involved with us. We have a fantastic product that is certainly going to compete for a lion's share of that growth. In the coming weeks our attorney will be reaching out to the DTCC a last time. Beyond that it will get legal and I will be traveling to NYC to confront the organization and demand an explanation in person," Weber added. "The overall ramifications of the Chill are numerous. It slows the growth of the company, limits the amount of new jobs created, limits the amount of brand extensions, and quite frankly it is a tremendous distraction," concluded Weber.
About BeBevCo
BeBevCo (Bebida Beverage Company) develops, manufactures and markets beverages including relaxation drinks Koma Unwind "Chillaxation" Drink™, " Koma Unwind Sugar-free "Chillaxation" Drink™," and Koma Unwind "Chillaxation" Shot™" as well as Potencia Energy Drink, Potencia "BLAST" energy shot and Piranha Water.
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
Contact:Jeffrey Staller Heritage Corporate Services704-660-0226 extension 5
SOURCE BeBevCo
I'm still kind of on the fence about CBAI...
I don't really think Matt STARTED IT WITH THE INTENT of being a scam,
but I'm beginning to think that changed at some point?
What do you think of this scenario?
We know the chill was put on last Dec, right?
We were also told that Matt and the board started discussing the RS in Dec...
after he'd told the shareholders before that he wouldn't do one
until it was from a position of strength, and it certainly WASN'T THEN!
coincidence?
Maybe when he got slapped with the chill,
he realized the ship was going down?
Do you know if the "golden parachute" language in the new employment agreement is the same as the old one?
I've been trying to find the old one...
not having much success!
I think if that language is all together new, or if it changed,
it could be significant.
Are the MINIONS really just delusional?
Is he fooling them too?
Or is it more?
They were spreading some pretty blatant misinformation before the vote.
Why did they take every opposing view so personally?
Why the attempt to silence posters?
I don't really understand why they try to blame Mr. Long's
predictions for anything that happened either!
Or is that just a way to attack him/discredit him after he turned negative?
If you go back and read my past posts,
I never jumped on the $100 share price train...
I don't think ANYONE could really have BELIEVED THAT! LOL!
But I don't think Mr. Long was being deceptive...
I think he had some good ideas and a lot of misplaced enthusiasm!!!
I can't say the same for some people.
I think there IS deception going on.
Why won't Matt tell us what the Ironridge filing meant?
Why the big "mystery" surrounding the 2 LOI's?
Did they ever really exist?? If they did, are they still viable???
Any other crap stock like this one
I wouldn't bother to hang around...
but Thanks to the Minions, my interest is piqued! :)
So now I'll "STAY TUNED" until I find out the finial outcome!!!
Have a nice weekend!
I wish the PO would get to go to a 5 day week....
I have to trot off to work.
:)
Thanks for looking. I thought you might have had it.
Btw, there are a suprising number of "chilled" stocks out there. I'm totally convinced the dtc is trying to put the brakes on dilution. The sad thing is all of the ones I've looked at so far haven't ended well for shareholders.
I'll post info on some of them here.
I can't do so tonight since I'm leaving soon to meet some friends.
Have a good evening. ;)
Hi! I looked through all my mail and couldn't find it
:(
Sorry!
Micro Cap Stock Crisis and What You Can to Avoid it
http://www.hotstockchat.com/micro-cap-stock-crisis-and-what-you-can-to-avoid-it/
hmmauto posted this on another board.
by TomAllinder on July 17, 2011
Over the last few weeks a lot has happened in the micro cap world. Probably the biggest thing is the fact that one of the largest clearing houses, Penson Financial Services, will no longer clear stocks under a dime.
A few weeks ago, Penson put in place a new policy that essentially paralyzed all stock deposits, clearing and what have you for sub dime stocks. This new policy is across the board meaning no certs, no DWAC, DRS, ACAT or any other method for any stock under a dime.
Obviously this does not affect companies that clear elsewhere… yet. Rumor has it that other big houses will follow suit.
There are two big impacts of this policy…
The first is self explanatory and we have already covered it; no more stocks of any kind under a dime through Penson. The second however is that many of the bigger online trading firms clear through Penson. This means that if a trader or investor who uses one of the big online brokers and they clear through Penson, that trader or investor cannot purchase shares of any stock trading under a dime.
How to get around this?
For the big online trading firms, if they expect to keep all those commissions they earn on the numerous daily trades on the thousands of Pinks and OTCBBs that are under a dime, they are going to have to clear these elsewhere. This may or may not happen and if it does, it will take a while. The only way to buy and sell stocks under a dime is through smaller firms and full service firms. Being that most of the action on these low priced stocks are by traders and especially day traders, that will not work well. Day trading and having to use a phone is like asking a neurosurgeon to do a delicate procedure wearing welding goggles and gloves.
I have spoken to individuals at many of the big Financial firms in NYC over the last several weeks. They are already moving to smaller clearing firms or setting up their own clearing in-house. It might surprise many to know how many big financial firms in the Big Apple deal with small stocks. There is too much money to be made to let the sub dime stocks fall by the wayside.
There is a caveat however… and here is the biggest point I will make in this article:
They will only take stock of companies that are FULLY REPORTING and DTC eligible. They do not care what the price is as long as the company is fully reporting.
In other words, there is a big weeding out underway right now.
Speaking of DTC eligible, those companies that have lost DTC eligibility are going to get weeded out too. Why?
Stocks that are not DTC eligible run a strong risk of having trading of their stock suspended by trading firms because of the expensive administrative nightmare it causes. What makes this even more painful is if the stock suddenly gets good volume. That volume will dry up as trading firms suspend trading in that security.
When a stock is not DTC eligible, all the week’s trades have to be settled through PAPER CERTIFICATES; it is expensive and time consuming and most trading firms do not have adequate resources to handle this especially on high volume stocks. To compound the problem, the traders of that stock receive an unpleasant statement the following month because the costs of the administration of non-DTC eligible stocks are passed on to the people who bought and sold the security. This can amount to several hundred dollars for each trader/investor.
If a stock is DTC eligible all transactions are handled automatically and electronically.
More on DTC eligibility…
One of the best ways to lose DTC eligibility is to register stock in any other form than an S-1. Many Pink Sheet and OTCBB companies are still doing things like 504s which is severely frowned upon by the DTC.
Many companies that have done a reverse split over the last year or so have had their stock “chilled” (non-DTC eligible) by the DTC. The reason they are getting chilled is because right after the reverse split takes place, the company registers more shares (usually through a 504) for sale. This pisses the DTC off and they chill the stock and no matter how many resources the affected company throws at the DTC, they continue to be chilled and the DTC becomes less responsive.
So the conclusion I have drawn is simple:
If you want the stock of your company to keep trading, become a fully reporting company and register new stock the way the DTC wants it done.
While these issues have caused much grief lately, I think for the marketplace overall it is going to be of great benefit to both the surviving companies, investors and traders.
We all know that many if not most of the Pink Sheet and some OTCBB companies out there are nothing more than ATM machines for the management team and their “investors”. Those companies that have no money and no business will be left in “no man’s land”. Those companies that do clean up their act and become transparent will stand a much better chance of succeeding in business and in the marketplace. The pool of investors and traders will remain the same or grow while the companies to select from will be far fewer in number.
There will always be sub dime and sub penny stocks to trade and invest in, there will just be fewer and the companies will be more transparent.
Do you have anything to add to this discussion?
Thanks for the info... ;) Some interesting reading.
How to spot a potential scam and house of cards.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50685687
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50690100
For the good eye, it takes more than just a stock going down (otherwise, its hindsight), in this case, they were still going up, the end result on the other hand was as expected, the ultimate zero
Thanks for the invite KCA.
YAK
Post Unavailable
Absolutely without a doubt...
My guess is that there are a lot of plays like that. Pure pump and dump hype...
Yes a perfect example of what should be posted..
It's all a matter of dollars. If you have enough money in your account a number of US companies will let you short pennies.
I can't believe how dead this board has been. Your question is quite old, yet, still on first page. ;)
In Reply To 'cappttenron'
One definition of a scam is a company that doesn't have a product to sell... one that is purely an empty shell that is being pumped and dumped.
Here’s an example of the type of stock I’d like to see listed here:
OTC BB | Medical - Healthcare | EYI Industries (EYII)
http://investorshub.advfn.com/boards/board.aspx?board_id=4264
Dirty shell is an understatement here:
If you go to the State of Nevada you will see their corporate status has been revoked:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=OBGnrqpH6oP8sHIelJilxA%253d%253d&nt7=0
Pinksheets has them as Caveat Emptor
And, pinksheets also has this note about them:
Investors are advised that Pink OTC Markets has not been able to contact this issuer. Please refer to the Company Notes below for company status and other important information, including the Last Known Address, where available.
If you have current contact information for this issuer, please complete the Update Company Information Form or send an email to info@pinkotc.com.
To be current on pinksheets you either have to be up to date with your SEC filings, or post financial filings on pinksheets with a letter from an attorney verifying the financials are current and correct. But, that is a moot point here since they lost their corporate status with the State of Nevada
It's too dirty to even have value as a shell. JMO
The only value here might be as a momo play periodically. Pretty risky though.
EYII closed it's doors on April 2, 2009. Website came down and nobody heard from the company again. A number of reps are now trying to file a class action lawsuit against the company. They stopped paying reps after this point. In the weeks and months leading up to April 2009, they had begun putting caps on distributor checks. After this time, the patent holder/inventor of Calorad took his product to ASANTAE, inc to allow them to distribute. EYII never owned Calorad or the rights to distribute it. Try googling for EYII distributors, and you will not find a single one that is active. There are a few that have moved onto other MLM companies, and have maintained their old telephone numbers, but they will tell you that EYII went out of business last year. Evidently, the story is that 2 people embezzeled or defrauded the company of all their cash and they went belly up. They left all their reps high and dry and even wiped out their downlines of customers, because they took down the website and they were not able to access their downlines.
Proof - Read top of page:
http://www.collagendiet.com/tripleplay_info.html
Notice, it says that :
'Calorad's inventor Michel Grise is now a partner with Inflammation Solutions, LLC d.b.a. Asantae who
is the sole exclusive marketer of Calorad.'
See Frequently Asked Questions on this page and also call the number at the bottom of that page and ask the rep what happened to "Essentially Yours". She used to be a rep for EYII for 15 years and she knows the entire history about the company and can confirm that they are no longer in business.
http://www.collagendiet.com/
Here is the company's website address - notice there is no longer a website there:
http://www.eyicom.com/
REVOKED status with Nevada SOS since 2008:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=%252fnVFCtugTmv2jutbgZkolg%253d%253d&nt7=0
This is the company that now has the rights market Calorad, after EYII closed it's doors, and they have nothing to do with EYII.
https://asantae.com/index.asp
Call them and ask them what happened to "Essentially Yours"
Additional Links:
2007 Securities Fraud Case
http://dockets.justia.com/docket/court-miwdce/case_no-1:2007cv00817/case_id-53701/
Scam Report
http://hubpages.com/hub/Is-Essentially-Yours-Industries-a-Scam
Javelin appears to be very quiet on most fronts.
UNCO ... there was a derivative action settlement announcement recently.
jmo
Now we have Traveller being one of the princples behind Actionview.
jmo
McCoy is most definitely one of the Javelin nominee directors.
Looks like Javelin has been involved all along (as if we didn't know that)
Robert McCoy is definitely associated with Javelin.
Aero Performance Products, Inc. Announces Changes to Board of Directors
Last Update: 6/9/2009 9:51:00 AM
BLUFFDALE, Utah, June 9, 2009 /PRNewswire-FirstCall via COMTEX/ -- Aero Performance Products, Inc. (AERP) today announced the resignations of Bryan Hunsaker as chief executive officer and director and Robert McMichael as director of the company, effective June 5, 2009. Before the resignations became effective, the Board appointed Robert McCoy, a former director of the company, to serve on the Board. Mr. McCoy is now the sole director of the company.
A Current Report on Form 8-K concerning the Board changes is expected to be filed by the company within the next several days.
Mr. McCoy, who served on the company's Board of Directors from September 2005 to October 2007 and as chairman from September 2006 to October 2007, is an experienced senior executive who has served on the Boards of several public companies. As president of Marquis Elevator, Inc. from 1975 to 1990, he built and then later sold the largest independent elevator company in Nevada. Subsequent to selling Marquis Elevator, Mr. McCoy was the General Manager of Canyon Investments, Inc. in Las Vegas Nevada from 1990 to 1996. Since 1996, Mr. McCoy has served as Facilities Manager for the Church of Jesus Christ of Latter Day Saints, responsible for 487,000 square feet of facilities in the Las Vegas area. Mr. McCoy is a graduate of the University of Tennessee.
To sign up to receive information by email directly from the company whenever new press releases, investor newsletters, SEC filings, and other written material is issued, please visit http://www.aeroperformanceproducts.com .
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K for fiscal year 2008 filed with the Securities and Exchange Commission.
CONTACT:
Aero Performance Products, Inc.
Investor Relations
951-677-8073
investors@aeroperformanceproducts.com
SOURCE Aero Performance Products, Inc.
http://www.aeroperformanceproducts.com
Copyright (C) 2009 PR Newswire. All rights reserved
Is there a single Peacock deal that any shareholders who hold for any length of time have made money?
RE Unico, shareholder lawsuit moving forward....
Judge says defendants lacking.... kind of like the share price.
http://www.sandiego.courts.ca.gov/v3tr/ViewRulingsPDF.aspx?CaseNo=37-2008-00089801-CU-PN-CTL&SelDates=01/09/2009&EventId=311247
Derb
And so Javelin Holdings, which did the conversions is kaput, Peacock .made money and the companies got left holding the bags for the fines, so in the end Peacock/Javelin Advisory paid zilch and if there was any burden, the shareholders paid.
Derb
Of course ... Peacock always makes money ... maybe not the shareholders.
Well, he likely made money though right?
Dave
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Scam Plays and DTC "Chilled" Stock - Beware of Both
**************************************************************************************************************
Since DTC is starting to "chill" or global lock quite a few stocks I thought it might be interesting to start gathering information on the various "chilled" stocks here. I'll be adding a list of the ones I know about in the near future. Please post information on any stocks you know of that have a DTC "chill" on them.
Not all DTC "chilled" stocks are scams, but, the end results to the long term shareholders appear to be the same.
**************************************************************************************************************
Here's some interesting reading for those with any concerns about speaking out freely with information about scams:
From IH Geek [Dave]
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53187425
An excerpt:
"This is an important day for freedom, and a fatal blow to those who would attempt to silence our collective rights using foreign laws as their sword.
It is our great pleasure to announce today's enactment of the SPEECH ACT, otherwise known as the "Securing the Protection of our Enduring and Established Constitutional Heritage" Act. This is important legislation, not only for websites such as as iHub but also for individuals who wish to exercise their constitutionally protected right to express their views.
The new legislation, which was signed into law today, is based on the similar laws passed by New York, Florida and other states. It prohibits enforcement of foreign libel judgments in all U.S. courts of law when the foreign laws are not as protective as American law or do not comport with U.S. principles of due process. It also requires US courts to apply the immunity provided by 47 USC 230 with regard to foreign judgments against interactive websites like iHub. And perhaps most importantly, it provides the jurisdictional authority for US courts to issue declaratory judgments in favor of the US defendants in such foreign judgments, and provides for recovery of legal costs in incurred in doing so. No longer will US citizens and business be held hostage to libel judgments obtained in countries with archaic libel laws that do not respect the constitutional and statutory protections provided by US law.
It should also be noted that this bipartisan legislation passed both the House and the Senate unanimously. That speaks strongly to the will of Congress and the American people; in this age there are scant few matters before the Congress that would garner unanimous support.
Our thanks and congratulations go to Congressman Steve Cohen for originally proposing this legislation, and to Dr. Rachel Ehrenfeld who spearheaded support for the legislation. We also acknowledge the members of both parties in the Judiciary Committees of the House and Senate for getting the legislation right and getting it enacted without opposition.
We recognize and congratulate those of you who have held your ground in the face of intimidation from foreign operators."
**************************************************************************************************************
Here's an example of the type of scam stock I'd like to see listed here:
OTC BB | Medical - Healthcare | EYI Industries (EYII)
http://investorshub.advfn.com/boards/board.aspx?board_id=4264
Dirty shell is an understatement here:
If you go to the State of Nevada you will see their corporate status has been revoked:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=OBGnrqpH6oP8sHIelJilxA%253d%253d&nt7=0
Pinksheets has them as Caveat Emptor
EYII closed it's doors on April 2, 2009. Website came down and nobody heard from the company again. A number of reps are now trying to file a class action lawsuit against the company. They stopped paying reps after this point. In the weeks and months leading up to April 2009, they had begun putting caps on distributor checks. After this time, the patent holder/inventor of Calorad took his product to ASANTAE, inc to allow them to distribute. EYII never owned Calorad or the rights to distribute it. Try googling for EYII distributors, and you will not find a single one that is active. There are a few that have moved onto other MLM companies, and have maintained their old telephone numbers, but they will tell you that EYII went out of business last year. Evidently, the story is that 2 people embezzeled or defrauded the company of all their cash and they went belly up. They left all their reps high and dry and even wiped out their downlines of customers, because they took down the website and they were not able to access their downlines.
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This Forum used to be for the discussion of Javelin Advisory Group Stock Plays, however, the company no longer exists. Please feel free to use this board for any scams you find. Just provide links to prove your assertion.
Website
http://www.javelinadvisory.com/ (JAVELIN out of business) email addressed to site is returned undeliverable and last blog entry on the site is from 2008. There are no current Javelin plays.
Incorporated
http://nvsos.gov/sosentitysearch/
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=hzBwHZy%252bH0oxx8dilMyxDg%253d%253d&nt7=0 shows that JAVELIN is in default status with the State of Nevada.
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