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BHLL ut
*cough* they all rhyme, ANTP+15%, TASR+6%, RSTG climbing...
Hmm, first Phazar, then Taser, next Raser?
Agreed, took a piece at 4.07 and watching.
TAYD yep just noticed, dipping a bit now
BHLL Our-Street.com files Complaint with SEC Against
Our-Street.com files Complaint with SEC Against Bio-Heal Labo
atories, Inc ( M2 PRESSWIRE )
Mar 30, 2005 (M2 PRESSWIRE via COMTEX) -- In it's latest edition of The Our
Street Report, Our-Street.com reported that it has just filed a complaint with
the enforcement division of the SEC against Bio-Heal Laboratories, Inc (OCT
BHLL). In the complaint, Our-Street.com registered concern about the companys
compliance with registration requirements and with a newly formed website that
has been promoting the recently reorganized company.
The entire report on Bio-Heal can be found in The Our Street Report, a new
report published by Our-Street.com, the highly respected financial watchdog. The
newsletter can be accessed at
http://www.our-street.com/newsletter/newsletter29march.htm Our-Street.com is an
internet based public company watchdog that researches companies and publishes
reports and files complaints with various regulatory agencies. Our-Street.com
has reported on 22 companies and, of these, to date, it has been subsequently
revealed by the companies or other sources that at least 11 of the companies or
people named in the Our-Street.com complaints were the subject of an SEC or
other regulatory investigation or inquiry. A complete list of companies featured
by Our-Street.com can be found at http://www.our-street.com/archive.htm .
MFYS grabbed some at 1.29, very happy with it so far.
MTRM 250K shares just bounced across.
INMTQ - Chart Newbie, and it's a Q for Mary's Board
Reminder: Check For: ---> Dilution - Splits - News
WGFL - Chart
Light volume, but maybe SOL
Reminder: Check For: ---> Dilution - Splits - News
AMEP - Chart Update
Reminder: Check For: ---> Dilution - Splits - News
DTMG - Chart
Reminder: Check For: ---> Dilution - Splits - News
IRBO - Chart Newbie
Reminder: Check For: ---> Dilution - Splits - News
MVOG - Chart Newbie
Reminder: Check For: ---> Dilution - Splits - News
QOIL & GGTS - Spam EMail & SEC
(COMTEX) ( financialwire.net )
Mar 17, 2005 (financialwire.net via COMTEX) -- March 17, 2005 (FinancialWire)
Are stock promotions naming Gaming Transactions (OTC: GGTS) and Quest Oil
(OTCBB: QOIL) similar to those that have resulted in recent U.S. Securities
Exchange Commission trading halts?
The "Stock Watch Alert Newsletter," a spam email, suggests that Quest
Oil may "up again" (sic) and asks whether it will be "2 times? 3 or
more?" The publisher, Oil and Gas Advisory, said it had received $15,000 by
an unnamed "third party" for the "continuing coverage."
The "Tech Investor Report" said Gaming Transaction is a "Strong
Buy," with a "short term target" of $3.15, but did not identify the
analyst or credentials of an analyst making those predictions. The publisher,
Automic Capital, said it had "accepted compensation in the amount of
$20,000," bud did not say from whom, as required by U.S. Securities and
Exchange Commission Regulation 17(b).
The SEC has recently initiated a new and aggressive campaign to foil what it
calls suspected pump and dump promoters by suspending trading in the equities of
companies that either participate in or have been targeted by suspicious
promotions.
Some observers believe such a "cooling off period" could "cool the
ardor" for suspect promotions if investors have an opportunity to further
evaluate junk faxes and spam emails they have received, and could prevent some
more naive investors from putting their money into stocks that are the subject
of large-scale promotion campaigns based on questionable substance or
fundamentals.
According to an article by Deborah Solomon of the Dow Jones (NYSE: DJ) Wall
Street Journal, published February 2, 2005, "the SEC's move is part of the
agency's broader attempt to get ahead of possible fraud before it becomes
widespread." The article is at:
http://online.wsj.com/search#SB110729717180142868
The SEC has apparently developed a "profile" to determine candidates for
potential trading halts. Solomon said the agency has implemented a "risk based"
approach to help identify potential problems, and last year took the unusual
step of halting trading in the securities of 26 "shell" companies that failed to
file timely financial disclosures with the agency.
The SEC recently temporarily suspended trading in Commanche Properties (OTC:
CMCH) and Courtside Products (OTC: CSDP), both of which disclaimed any company
or executive association with the spam email and/or faxes that triggered the SEC
suspensions.
In the case of Courtside, the SEC said it is investigating whether Courtside was
misled by stock promoters who advised the firm to go public by relying on an SEC
rule that allows companies to issue shares and raise money without registering
with the commission, if certain conditions are met. The conditions include
issuing a portion of the shares to "accredited" investors.
"Federal securities laws define an accredited investor as certain entities
or individuals, such as banks, insurance companies, registered investment
companies or trusts," said the Wall Street Journal.
"The SEC is looking into whether the stock promoters, who agency officials
declined to identify, may have falsely portrayed themselves as accredited
investors in order to gain shares of Courtside. The promoters may have then
sought to sell their shares to investors and later drive up the price through
spam e-mail and faxes. Investigators want to determine whether the ultimate goal
was to artificially stimulate demand for the stock and then dump shares once the
price increased.
"The agency is expected to suspend trading in several other companies within
the coming weeks and months, according to people familiar with the matter.
"At issue is the potential for so-called pump-and-dump schemes, whereby
speculative investors, company insiders or others try to inflate demand for a
stock by trumpeting positive-sounding information about a company -- typically
via e-mail -- and then cash in their shares at the higher price. Often the
information is false and the stock quickly declines again," explained the
Journal.
The SEC said that each week, the SEC's internet enforcement division, headed by
John Reed Stark, gets thousands of complaints from investors "about spam
email plugging stocks and other investments."
"We want to head off possible damage to shareholders before it occurs," John
Reed Stark, chief of the SEC's office of Internet enforcement, was quoted as
saying.
Investigators want to determine whether the ultimate goal in many of these
instances is to "artificially stimulate demand for the stock and then dump
shares once the price increased."
The SEC hastened to add that it is not asserting that many of the companies
themselves are involved in the schemes. Often they are just bystanders, but
sometimes it results from stock issued to offshore and even
"promotional" sites and email and fax originators to create
"visibility," and the promoters often violate their promises to the
companies to sit on the shares.
"Under certain circumstances, an improper stock distribution in violation of
SEC regulations can be a prelude to a manipulation," Peter Bresnan, an associate
director in the SEC's enforcement division, was quoted as saying.
Investrend Information's (http://www.investrendinformation.com) Investors
Resource Center has teamed with JunkFax (http://www.junkfax.org), which allows
those receiving unwanted stock promotions to provide the evidence directly to
FinancialWire.
Most but not all have missing or incomplete disclosures under U.S. Securities
and Exchange Commission Regulation 17(b):
"It shall be unlawful for any person, by the use of any means or instruments
of transportation or communication in interstate commerce or by the use of the
mails, to publish, give publicity to, or circulate any notice, circular,
advertisement, newspaper, article, letter, investment service, or communication
which, though not purporting to offer a security for sale, describes such
security for a consideration received or to be received, directly or indirectly,
from an issuer, underwriter, or dealer, without fully disclosing the receipt,
whether past or prospective, of such consideration and the amount thereof."
"The SEC has told FinancialWire that Regulation 17(b) means full and
complete compensation for research and any other services provided, including
amounts and sources, must be disclosed in 'every press release' as well as other
published documents, including emails or faxes. The SEC states that third party
compensations must include the relationship of the payer to the issuer.
"In an email to FinancialWire, John J. Nester, a spokesperson for the U.S.
Securities and Exchange Commission, confirmed that regulators interpret 17(b) to
mean that specific compensation information must be contained in all such
communications to the public, and that a link to a disclosure somewhere else,
for example, is a violation of the regulation. He further stated that the
compensation disclosure required by the SEC includes "amounts and
sources" in any and all communications mentioning the company.
Earlier this year, the SEC charged JM Dutton Associates with violating 17(b)
disclosures and penalized the firm $25,000.
DTMG - Chart , getting jiggy
Reminder: Check For: ---> Dilution - Splits - News
AMEP Chart - gaining after AM selloff
Reminder: Check For: ---> Dilution - Splits - News
morning annie
IMTR - Chart - Tanking & More Tanking Yum!
Reminder: Check For: ---> Dilution - Splits - News
Hi Ladies, sorry I ain't been around much. Looks like I'll need to change jobs to get anything done. Doing well in the market in the interim, would love to come back and post more in the future when time permits.
Nice run on LRLSQ this AM, surprised even myself, I was ready to exit with a small 10% before I saw the news post. Didn't risk much but a good return is its own reward.
peace,
e
UGRD - Mick, doesn't take much volume to move this one and they are looking pretty clean as far as the S8's go. It's possible you could be looking at another short run soon but it's very hard to tell due to sporadic volume. I tend to sell on news and buy back later so I might wait a day or two before expecting the stock to start ticking back upwards. They do seem to keep the releases coming so it's definitely an item to keep on the playlist.
Thanks for the post Mark
relax and enjoy life while you can
XOMA - Chart
Reminder: Check For: ---> Dilution - Splits - News
XOMA Awarded $15 Million Contract from NIAID 5:48 PM
Nice call on that one market. Where are you off to? You will be missed.
RIRI very nice to come home to
Off to NJ, back manana
hi bobs
good morning busy birds
Don't forget UALAQ
ADELQ chart
ADELQ, FDMLQ, TDFXQ...
DRGO yep, caught the knife at .84 and watched it do some whacky stuff. EOD no one was selling so price jumped to .90. Nice to see I'm not alone in the freak show called Dragon Gold.
FLIP posted by just about every stock pusher out there as today's hot pick.
FDEI on my list for a .94 break
A good morning to all
anytime...
TNXT been watching this one every day. Expect something SOL
Keep looking for a real artiste' but I'll see what I can dig up in the interim.