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LOL - 4 year old video still works.
http://www.cnbc.com/id/15840232?video=540602965&play=1
The domain-name ... www.connectajet.com ... finally ran out of funding.
Key developments for CONNECTAJET.COM (CAJT)
SEC Orders Hearing On Registration Suspension Or Revocation Against ConnectAJet.com
07/26/2011
On July 25, 2011, the Securities and Exchange Commission (SEC) instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of ConnectAJet.com, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company is delinquent in their required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the Respondent to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The Administrative Law Judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of Respondent should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.
Ref source: http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CAJT:US
SEC sues Connect-A-Jet.com over share sales, marketing
07:25 AM CDT on Tuesday, September 22, 2009
By ERIC TORBENSON / The Dallas Morning News
etorbenson@dallasnews.com
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-sec_22bus.ART.State.Edition1.3f6ccd7.html
An online air charter booking company touted by Dallas-area penny stock marketers has attracted a new round of attention from the Securities and Exchange Commission.
The SEC's Chicago office sued Connect-A-Jet.com Inc. last week, saying sales of its shares and marketing of those shares broke securities laws. In 2007, the SEC halted trading of the Austin-based company's shares for putting false information on advertising that ran on finance network CNBC.
The suit filed in Dallas federal court named Connect-A-Jet founder Martin T. Cantu of Austin and a half-dozen other individuals who the suit said conspired to sell 30 million shares of the company after an aggressive marketing campaign. The company's advertised online booking tool wasn't real, the SEC suit said.
Efforts to reach Cantu or company representatives were unsuccessful Monday; numbers for Cantu and for the company in Austin were disconnected or rang as busy.
Also named in the suit were John J. Coutris, 38, of Irving, who didn't return a message. Coutris had been named in a SEC suit filed in March that alleged pump-and-dump tactics involving small stocks marketed by several individuals out of North Texas and Colorado. He also was involved in litigation related to Consolidated Sports Marketing Group in Dallas starting in 2005.
Also named in the SEC suit was 34-year-old Edward Spahiu of Dallas, who was identified as a buyer and seller of Connect-A-Jet shares. He couldn't be reached for comment.
Connect-A-Jet was a concept of Dallas' Jason Wynn, who was questioned by the SEC as part of its investigation. Wynn and Dallas stockbroker Ryan Reynolds - who has been named in other SEC penny stock civil suits - are discussed in the most recent lawsuit, but neither is named as a defendant.
Connect-A-Jet's shares traded at one-hundredth of 1 cent Monday.
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-sec_22bus.ART.State.Edition1.3f6ccd7.html
Here's something old that was news to me and maybe you too
>>>http://www.dallasnews.com/sharedcontent/dws/bus/stories/021908dnbusconnectajet.372d4bf.html
There it is .0001
This stock is history.
FTR: I never shorted it.
ANybody shorting this down to .0001 to make some coin.
Such potential...
think about it.
Now that the head-honcho is heading to jail (I presume), think this will become a shell play?
Interesting 19Feb article on CAJT in Dallas MNews...
"12:00 AM CST on Tuesday, February 19, 2008
By ERIC TORBENSON / The Dallas Morning News
etorbenson@dallasnews.com
Dallas entrepreneur Jason Wynn's idea seemed genius in its simplicity: create the one-stop online shop for private jet charters.
And when it took off last summer, Connect-A-Jet Inc. drew a lot of attention. The stock peaked at $2.74 a share in September after the company ran commercials touting its concept on cable business channel CNBC.
But the brakes squealed soon after. Companies that Connect-A-Jet claimed to be partnering with disavowed any connection. The company's flight search engine wasn't fully operational – and still isn't.
On Oct. 1, citing suspicions of market manipulation, the Securities and Exchange Commission halted trading for two weeks in the company's stock, which today is valued around 5 cents a share.
Now the SEC says in a court filing that its ongoing "nonpublic" investigation indicates that Mr. Wynn and others may have broken securities laws. The SEC was responding to a lawsuit in which Mr. Wynn unsuccessfully sought to prevent investigators from seeing any more of his bank records.
Those court filings and other public records, interviews and published reports depict Mr. Wynn as a 25-year-old serial entrepreneur whose companies aren't always what they seem, who had to borrow $250,000 from a friend to help promote Connect-A-Jet and who was involved in a second questionable penny stock promotion late last year.
Mr. Wynn, who records show spent his teenage years in Flower Mound and Houston, was scheduled to talk with SEC investigators last month in Chicago about the Connect-A-Jet case.
In a prepared statement, his attorney said Mr. Wynn has cooperated with SEC officials but "has no reason to believe" that he is a target of the SEC's investigation.
While he calls himself the "former founder" of Connect-A-Jet, Mr. Wynn sold his stake in the company and now serves as a consultant, the statement said.
How he sold that stake is a question that interests investigators.
"The commission staff has information tending to show that Wynn and others have sold, or participated in the sale of, securities issued by Connect-A-Jet as to which no registration statement was or is in effect or on file with the commission," the SEC filing said.
Mr. Wynn paid $100,000 to acquire 10 million of Connect-A-Jet's 150 million outstanding shares, the SEC said in its filing. It's not clear when Mr. Wynn sold his shares, but such a stake would have been worth nearly $28 million at the stock's peak in September.
The SEC said in its filing that it had information indicating Mr. Wynn and the company's backers failed to tell investors the company's true financial condition and probably broke securities laws when the company became publicly traded in a reverse merger in August.
Instant scrutiny
In the world of penny stocks, a typical promotional campaign involves positive reports on Web sites, maybe some e-mail and faxes. The Connect-A-Jet approach was much more audacious, and it brought instant scrutiny.
Flashy commercials ran on CNBC for two weeks starting Sept. 4, and ads ran in newspapers, including The Dallas Morning News and USA Today.
They touted Connect-A-Jet's new approach to booking private jets and prominently displayed its CAJT stock symbol. The SEC says Mr. Wynn paid for the promotional activity.
The ads immediately attracted the attention of penny stock investors, with postings on blogs and chat rooms asking why a start-up company would spend so much money promoting its stock.
According to a lawsuit in state District Court in Dallas, at least some of the promotional money was borrowed from a friend of Mr. Wynn's.
Nick Daryanani and his company, Kool Kids Inc., have sued Mr. Wynn; his holding company, Wynn Industries LLC; and a business partner, Ryan Reynolds, contending Mr. Daryanani lent Mr. Wynn $250,000 in late 2006 to promote Connect-A-Jet and was never repaid.
According to the suit, Mr. Wynn told Mr. Daryanani that he would give him 1.8 million shares of Connect-A-Jet in lieu of the $250,000. Those shares were never given over, according to the suit.
Mr. Wynn's attorney, David Clouston, said that the lawsuit's allegations are baseless and that Mr. Wynn would vigorously defend himself. Mr. Reynolds' attorney also denied any wrongdoing by his client.
'Partner' questions
As Connect-A-Jet's profile grew in the fall, so did questions about its veracity.
The company said on its Web site that it was developing a seamless online booking tool that would link to major jet service companies such as NetJets Inc., owned by Berkshire Hathaway Inc. Connect-A-Jet would make its commissions on customer bookings.
The trouble was that some of its "partners" said they knew nothing of Connect-A-Jet.
For example, Aviation Research Group/U.S. Inc., which monitors safety and other issues for charter jet companies, says on its Web site: "ARG/US has no relationship whatsoever with the charter company Connect-A-Jet. Not only does ARG/US not audit their operation nor those of their affiliates, we have repeatedly requested that Connect-A-Jet remove any reference to ARG/US from their Web site."
Although Mr. Wynn helped develop the booking engine behind Connect-A-Jet, the company's chief executive is attorney Martin Cantu in Austin, whose law offices are also Connect-A-Jet's headquarters.
Calls to Mr. Cantu requesting comment for this article weren't returned.
According to federal court records, the Department of Labor won a default judgment against Mr. Cantu in 2006 after accusing him of failing to send employee payments into retirement accounts at his Bedford-based mortgage company.
Bookings unclear
It's not clear how much business Connect-A-Jet is doing. Its last news release, dated Oct. 22, said it just had its biggest booking with a $90,000 flight, it was still nearing completion of its booking tool and it had just passed 5,000 "flight requests."
Those flight requests apparently come from the rudimentary travel questionnaire on its Web site that still stands in for the promised booking tool.
The site also offers a phone number; a call last week was met with a greeting of "Hello?" and the explanation that the company acts as a broker for spare jet capacity.
While the SEC has not formally accused Mr. Wynn of wrongdoing, the same can't be said of his co-defendant in the Daryanani lawsuit.
The SEC sued Mr. Reynolds and other stock promoters Sept. 26, alleging violations of securities law involving a host of penny stock companies that allegedly were created with the help of Dallas attorney Phillip Offill. Mr. Offill has denied wrongdoing.
The SEC accuses Mr. Reynolds of acting as an unregistered broker for the penny stocks, helping the other defendants evade securities laws.
He denied the allegations in court filings; his attorney, Spencer Barasch of Andrews & Kurth, said Mr. Reynolds wouldn't comment on the lawsuits or his involvement with Mr. Wynn.
Mr. Reynolds, who has run several finance companies, filed Chapter 7 bankruptcy in 2002. He does business from the same building as Mr. Wynn, 4514 Cole Ave. in Dallas. The building formerly housed Market News First, a Web site that touted penny stocks before it shut last year."
Flatsixer
Scam-ma- jam-ma this CAJT is,,,IMO....
PLEASE READ THIS...STILL TRUE...
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23009323
Flatsixer
Has anyone heard any info about this company i just went to the web site and emailed there investor relation dept and got a email back telling me to call the company they do not represent them? very strang i emailed ir@connectajet.com
I just heard that the bid and ask will be back next week
and it is going to open big$$$$
LMFAO.....They just emailed me regarding a flight I wanted to book a month ago....LOL
Good morning.
We would like to take this time to send our deepest apologies for not returning your quote. Due to the overwhelming response and abundance of quote requests, unfortunately we were unable to complete them all within a timely manner. We have recently expanded our reservations/customer service team and would like to take the opportunity to serve you in the future. We want to re-build your trust and continue our business relationship with you, as a customer.
We want to go ahead and quote your request, if you are still interested. We would like to speak with you directly and you may contact us by phone at (512) 615-2463 or you may reply by email.
Best Regards,
Are the ads still on CNBC?
I haven't been watching it lately.
.
And was recently temporarily suspended by the SEC:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23749554
Just so you have an idea who CAJT is. It is run out of:
9211 Waterford Centre Boulevard Suite 200 Austin, TX 78758
http://www.connectajet.com/contact.php
Besides CAJT there is Professional Practice Capital run by none other
than Martin Cantu, the CEO of CAJT
http://www.ppcloan.com/resources/tx.htm
Skyline Mortgage
http://www.skylinemtg.net/ContactUs
Net Mortagage
http://netmortgage.us/index.html
Lion Capital Holdings. Formerly a penny stock (LCHL) that
unfortunately went bust. What a surprise.
http://www.answers.com/topic/lion-cap-hldgs-inc
Afm Mostagage Bankers
http://www.afms.cc/
Can you imagine any of these being legitimate businesses?
CAJT is being pumped
http://www.thestockpic.com/2007_06/
The promoter is being paid in stock
http://www.thestockpic.com/2007_06/?Disclaimer
The company labeled Caveat Emptor by pinksheets
http://www.pinksheets.com/pink/quote...=cajt#getQuote
The CEO Martin Cantu was sued by the Dept of Labor
http://www.dol.gov/ebsa/newsroom/pr0718b05.html
He is a real estate lawyer from Texas
http://pview.findlaw.com/view/2758452_1?noconfirm=0
Theres no news about this company. Just self promotion. As far as
anybody knows, its an empty shell.
http://finance.yahoo.com/q?s=CAJT.PK
Buyer beware. Martin Cantu is a con artist.
I find it amusing that a corporate site has banner ads on it. the link to Rhapsody was a killer - see as follows http://offer.rhapsody.com/?src=cj&pcode=cj&cpath=aff&ocode=affiliate&rsrc=14dFT
Boy did it tank today, eh
haha...didn't know about the spam. So why the sudden increase of press releases during the same time?
Ladron
Just read the PRs from CAJT from day one! Thats where the boiler room was!!
You can read all my past post. Not bashing but is fact these people at CAJT are best promoters of nothing I have ever seen , Even in the Pink sheet penny market. Their good!
Newtrader
names ending in vowels are usually italian.....the big illegal problem is with the mexicans....what the hell are you talking about?????
ot. i mean an old man told me one time not to trust a man when his last name ends in a vowel.so hope all you want but the truth will be in the pudding.so what if it means what you think. even though the illeagals want rights doesnt mean i give up mine.
LOCK THE BORDERS SHIPEM OUT
What do you mean the names end in vowel??????? What are you trying to say...I hope it's not what I think!!!!
they are so full of s&^% they gave 10 million shares for the spam and they are promoted by t page and r reynolds.last name ends in a vowel think about it
Connectajet say they do not know who was pushing the spams must be boiler room type organization. Spoke to their employees who do the bookings and they have about 4000 for september. If they convert all at about $2000 each that is 8 million. Do not know what percent they take but will find out. As they progress this should increase nicely. When the live system is up and running like Expedia then this should bolster the stock.
Connectajet say they do not know who was pushing the spams must be boiler room type organization. Spoke to their employees who do the bookings and they have about 4000 for september. If they convert all at about $2000 each that is 8 million. Do not know what percent they take but will find out. As they progress this should increase nicely. When the live system is up and running like Expedia then this should bolster the stock.
Got an email today 10/11/07 expressing their appologies for the slow response to my flight request (they were overwhelmed)! They asked if I was still interested my original flight request and gave me a number to call to schedule my flight! I have not responded at this point...and may respond with a request to refund the money I lost buying the stock!
i do agree buyer beware
Nice of the CEO to clear up the confusion, crash at the restart, watch.
you think this pos will trade tomorrow with a blitz of prs or will this company throw in the towel fwiw
Tiiiiiimmmmmmbeeeeeeeer.
>>>>http://www.gofish.com/player.gfp?gfid=30-7706
Skooooby Doooo, Where are Youuuuuuu?
cypressknee, CAJT is still trading even though it is so called "SUSPENDED" I am sure Cantu called you at your home and spoke with some penny stock trader BAWhahahahahahahahhaha!
Oh my God! BAWhahahahahahahahahahahahahahahahaha! But he wouldn't call anyone else BAWhahahahahhahahahahahaha! not even business partners! BAWhahahahahhahahahahahahahahaha! Please stop cypressknee you are killing me.. BAWhahahahahahahahahahaahahahahahaha!
I spoke with Cantu while I was kicking the tires of this stock. You can pull all of my posts. When I found enough red flags I got out. No pumping just sharing info. And yes a pinksheet can be "suspended".
what a joke of a company, hahaha every penny this goes up the advertising company gets 100k
Thanks for the link, very interesting, might have to get Danno
on the case "Bookem" lol
Good luck
Kemo
cypressknee!!..You pumped this stock!!! remember your post or do you want me to pull them up for everyone!!!! I was warning people to stay away from this stock dumb as@!!!!! you were telling people that the CEO of CAJT called you when he wouldn't return calls to his so-called business partners!! Don't twist shit!!! I said that pink sheets and penny stocks don't fall under the same rules!!! and stocks that get suspended by SEC often for violations often go to the pinksheets or otbc market!!!!
Hey dumbass even Pinksheets warned you about this stock!!!
How much did you get for pumping this trash????? Assclown!!
Not yet. They keep having other stories first. Here it is now.
I do not see it. Did it play on TV already?
CNBC is about to do a full story on this in about 1 minute if anyone is interested.
yeah and they PAID him 10M shares for that promo....IF he sold them all off at avg of 2, thats 20 MILLION bucks minus the fees for ads etc...........madness!
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