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Telenetics Corp.
Administrative Proceedings 34-62008 Apr. 30, 2010 AB Liquidating Corp. (f/k/a Adaptive Broadband Corp.), Globalnet Corp., Greenland Corp., Guinness Telli-Phone Corp., KeraVision, Inc., Lifespan, Inc., STAR Telecommunications, Inc., Telenetics Corp., and 3DFX Interactive, Inc.
http://www.sec.gov/litigation/admin/2010/34-62008.pdf
This Order revokes the registrations of the registered securities of Respondents
Trading Suspensions: 34-61835 Apr. 5, 2010 ... Telenetics Corp., ...
http://www.sec.gov/litigation/suspensions/2010/34-61835.pdf
See also Order
http://www.sec.gov/litigation/suspensions/2010/34-61835-o.pdf
http://www.sec.gov/litigation/suspensions.shtml
TLNT @ .0024!
www.telenetics.com
Have to check on the website...
;)
Any news on this???
Wow, thanks for the link, very nice website was not aware of it....feeling very good now...
Nice website!
www.telenetics.com
;)
TLNT, how sweet would that be to get back to .005?
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 4)
Telenetics Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
87943P408
(CUSIP Number)
December 31, 2007
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
(1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
--------------------------------------------------------------------------------
________________________________________________________________________________
CUSIP No. 87943P408 13G/A Page 02 of 09 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
SDS Capital Group SPC, Ltd.
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 6,388,969 (1)
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 6,388,969
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,388,969 (1)
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.99%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
(1) Includes 4,408,996 shares of common stock and 3,286,619 shares of common
stock issuable upon the exercise of warrants. The Reporting Person may not
exercise the warrants to the extent such exercise would result in the Reporting
Person beneficially owning in excess of 9.999% of the Issuer's issued and
outstanding shares of common stock.
--------------------------------------------------------------------------------
________________________________________________________________________________
CUSIP No. 87943P408 13G/A Page 03 of 09 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
SDS Management, LLC
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 6,388,969
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 6,388,969
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,388,969
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.99%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------
________________________________________________________________________________
CUSIP No. 87943P408 13G/A Page 04 of 09 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mr. Steven Derby
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 6,388,969
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 6,388,969
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,388,969
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.99%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------
________________________________________________________________________________
CUSIP No. 87943P408 13G/A Page 05 of 09 Pages
________________________________________________________________________________
Item 1(a). Name of Issuer:
Telenetics Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
39 Parker
Irvine, CA 92618
Item 2(a). Name of Person Filing:
SDS Capital Group SPC, Ltd. ("SDS Capital Group")
c/o Ogier Fiduciary Services (Cayman) Ltd.
113 South Church Street, PO Box 1234GT
George Town, Grand Cayman
Cayman Islands corporation
SDS Management, LLC (the "Investment Manager")
53 Forest Avenue, 2nd Floor
Old Greenwich, CT 06870
Delaware limited liability company
Mr. Steven Derby
Sole Managing Member of the Investment Manager
53 Forest Avenue, 2nd Floor
Old Greenwich, CT 06870
United States citizen
SDS Capital Group, the Investment Manager, and Mr. Derby are
collectively referred to herein as the Reporting Persons.
Item 2(b). Address of Principal Business Office, or if None, Residence:
See Item 2(a).
Item 2(c). Citizenship:
Item 2(d). Title of Class of Securities:
Common Stock, no par value (the "Common Stock")
Item 2(e). CUSIP Number:
87943P408
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
Not Applicable
--------------------------------------------------------------------------------
________________________________________________________________________________
CUSIP No. 87943P408 13G/A Page 06 of 09 Pages
________________________________________________________________________________
Item 4. Ownership.
1. SDS Capital Group
(a) Amount beneficially owned: 6,388,969
(b) Percent of class: 9.99% (2)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote : 6,388,969 shares
(ii) Shared power to vote or to direct the vote : 0 shares
(iii) Sole power to dispose or to direct the disposition of 6,388,969
shares,
(iv) Shared power to dispose or to direct the disposition of 0 shares
(2) Includes 4,408,996 shares of common stock and 3,286,619 shares of
common stock issuable upon the exercise of warrants. The Reporting
Person may not exercise the warrants to the extent such exercise
would result in the Reporting Person beneficially owning in excess
of 9.999% of the Issuer's issued and outstanding shares of common
stock.
2. The Investment Manager - same as Mr. Derby, see below.
3. Mr. Derby
(a) Amount beneficially owned: 6,388,969
(b) Percent of class: 9.99%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote : 0 shares
(ii) Shared power to vote or to direct the vote : 6,388,969 shares
(iii) Sole power to dispose or to direct the disposition of 0
shares,
(iv) Shared power to dispose or to direct the disposition of
6,388,969 shares
________________________________________________________________________________
CUSIP No. 87943P408 13G/A Page 07 of 09 Pages
________________________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not appilcable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired andare not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purposes or effect.
--------------------------------------------------------------------------------
________________________________________________________________________________
CUSIP No. 87943P408 13G/A Page 08 of 09 Pages
________________________________________________________________________________
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2008
SDS CAPITAL GROUP SPC, LTD.
By: SDS Management, LLC, its Investment Manager
By: /s/ Steven Derby
------------------------------------
Name: Steven Derby
Title: Director
SDS MANAGEMENT, LLC
By: /s/ Steven Derby
------------------------------------
Name: Steven Derby
Title: Managing Member
/s/ Steven Derby
----------------------------------------
Steven Derby
--------------------------------------------------------------------------------
EXHIBIT 1
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
Dated: February 14, 2008
SDS CAPITAL GROUP SPC, LTD.
By: SDS Management, LLC, its Investment Manager
By: /s/ Steven Derby
------------------------------------
Name: Steven Derby
Title: Director
SDS MANAGEMENT, LLC
By: /s/ Steven Derby
------------------------------------
Name: Steven Derby
Title: Managing Member
/s/ Steven Derby
----------------------------------------
Steven Derby
Again..DIFFERENT company.eom
Not even the same company lol oops.Goin to be bags.eom
Estrella, do you have a link to the Pr?
that's a different symbol on the lse
NEWS!!
Tuesday, August 21 2007 6:16 AM, EST
COLT awards contract to telent for support of telecommunications and IT infrastructure in Germany
M2 "Press Wire "
M2 PressWIRE - August 21, 2007 - London -- telent plc (LSE:TLNT), a leading provider of technology services, today announced that COLT has awarded it a multi-million three-year contract to support COLT's customers' telecommunications and IT infrastructure in Germany. This latest contract follows a similar agreement signed in May 2007 with COLT for the UK, and which has seen telent engineers work successfully alongside COLT engineers since June.
The new contract with COLT, a leading European provider of business communications, will take effect as of 1 October 2007. Mirroring the existing UK contract, telent GmbH will employ engineers from COLT alongside its own field engineers in Germany. The combined workforce will plan, install, support and maintain customer communications systems in the country across a multitude of networking platforms including IP, Ethernet and SDH. In particular, telent will play a key role in handling calls and dispatching engineers to any network fault, anywhere in Germany.
telent will enable COLT to provide enhanced speed of installation to its customers in Germany, as well as the application of industry best practice and improved out-of-hours service delivery.
"We have a well-earned reputation for providing our customers with secure and reliable data, voice and managed services, and we needed a service provider who could maintain our very high quality standards.
With telent we have found a partner where service excellence is everything," commented Richard Oosterom, managing director of COLT in Germany. "Based on our experience with telent in the UK, we believe that together we will be able to provide the highest levels of service to our customers, whilst meeting our own operational targets in the German market."
Mark Plato, telent's CEO, said: "We're delighted that COLT has confirmed its confidence in telent, following the contract we signed earlier this year in the UK. This new award will not only strengthen telent's reputation as an expert in providing critical telecommunications support from the initial planning stages through to maintenance, it will open up strategic opportunities for the future growth of our German business.
We look forward to working closely with COLT in Germany, and I have no doubt that our positive experience to date in the UK will be mirrored here."
About telent plc
telent plc supplies a broad range of communications support services to telecommunications operators, as well as to large enterprises and government agencies in the UK and Germany, leveraging its accumulated knowledge of customers' networks, its expert field force, its scale and reputation for quality.
The company is listed on the London Stock Exchange under the symbol TLNT. Additional information about telent plc can be found at www.telent.com/.
About COLT
COLT is a leading European provider of business communications. COLT specialises in providing data, voice and managed services to major businesses, SMEs and wholesale customers. COLT owns and operates a 13-country, 20,000km network that includes metropolitan area networks in 32 major European cities with direct fibre connections into 14,000 buildings and 16 COLT data centres.
COLT Telecom Group S.A. is listed on the London Stock Exchange (COLT).
Information about COLT and its services can be found at www.colt.net.
Copyright (c) 2007 telent plc. All rights reserved. All brands or product names are trademarks of their respective holders.
It is possible that this announcement could or may contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could or other words of similar meaning. Undue reliance should not be placed on any such statements because, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and telent's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements.
There are several factors which could cause actual results to differ materially from those expressed or implied in forward looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are delays in obtaining, or adverse conditions contained in regulatory approvals, competition and industry restructuring, changes in economic conditions, currency fluctuations, changes in interest and tax rates, changes in energy market prices, changes in laws, regulations or regulatory policies, developments in legal or public policy doctrines, technological developments, the failure to retain key management, or the key timing and success of future acquisition opportunities.
telent undertakes no obligation to revise or update any forward looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.
Sounds great, thanks!
I don't think there is any benefit for the shareholders because it is the Assets being purchased and not stock. Usually when assets are purchased, the TLNT with either choose to liquidate (this is when a shareholder would benefit) or operate as a shell (No assets), but TLNT can use the proceeds from asset purchase to enter into another line of business if they choose to IMO. This to me sounds lik a form of reoganization on the part of TLNT. I will do some research to see whether I'm corrrect.
The Q&A was for customers, not shareholders. TLNT is going BK and the attny says the stock is worthless and the company has no plans to take care of shareholders. Call him to verify, that's all I know!
Where is the rest of that email? The Q&A section
FYI: I just received a call from TLNT ATTNY and he stated that Raymar is just purchasing the assets from TLNT and TLNT is filing BK. So it looks like this is going to be a empty shell. It's a damn shame because Raymar would have been one hell of a solid company imo!
Attny is Robert Cowen 714-522-8880
They ran away from me at .006 also
See if they bring her back down.
Why share holder
didn t they just buy the assets ?
MK
strange get any more? they gave me 5k lolol @ .006
I would think that being a shareholder of TLNT that Raymar ould have a buyout price or they would go public through TLNT, jmo but Raymar is the real deal!
I'm waiting to hear back from the ATTNY working on the deal and will update the board asap!
Does this leave TLNT as a shell ?
or are they merging into this
so far looks like TLNT will be a shell
MK
WOW, 5k shares moved this from .006 to .007 float must be very low!
Check out Raymar's partnership list: WOW!
http://www.raymarinc.com/index.cfm?pageid=432
looks very interestng !
Must be a low floater, moves fast! I' currently waiting to find out more regarding this aquisition but Raymar looks like a excellent company.
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