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Hummmm !!!! SEC Staff Announces Availability of Anti-Money Laundering Compliance Tool
Washington, D.C., April 16, 2007 - The Securities and Exchange Commission's staff today announced the availability of a new compliance tool to assist anti-money laundering (AML) compliance efforts by broker-dealers.
(Media-Newswire.com) - Washington, D.C., April 16, 2007 - The Securities and Exchange Commission's staff today announced the availability of a new compliance tool to assist anti-money laundering ( AML ) compliance efforts by broker-dealers. The "AML Source Tool" is on the Commission's website at: http://www.sec.gov/about/offices/ocie/amlsourcetool.htm
Broker-dealers have compliance obligations under statutory and regulatory provisions and related rules of the securities self-regulatory organizations ( SROs ). The AML Source Tool, developed by the SEC's Office of Compliance Inspections and Examinations ( OCIE ), compiles and organizes key AML laws, rules and related guidance applicable to broker-dealers and provides links to these materials to promote easy accessibility.
"We're hoping that this AML Source Tool will assist broker-dealers with their AML compliance efforts," said Lori Richards, Director of OCIE. "It puts all AML requirements in one easy-to-reference location. While we initially developed the Source Tool for our own SEC examiners, we think it also will be an invaluable reference tool for broker-dealers and their internal AML compliance staff."
The Commission's staff appreciates the assistance it received from the staff of the U.S. Treasury Department's Office of the Financial Crimes Enforcement Network ( FinCEN ) and Office of Foreign Assets and Control ( OFAC ), as well as from the NASD and NYSE.
http://media-newswire.com:80/release_1047880.html
lol i get stuck holding the cert bad ?? lol
Hi everyone, since it's rumord that we on this board own most if not all of the free trading stock, wonder what would happen if we all united and did a cert pull ??? Hummmmmmm
WoW ! if he realy feels that way, what happen to the stock that will sell it's self ? oh it did !!, what happen to I'll make you money, guess he meant himself and insiders !! if true time for round 2 to the SEC
OT:
April 16, 2007 10:56 AM Eastern Daylight Time
James Monroe Capital Corp. (JMCP) Announces Its Chief Financial Officer
KILLEEN, Texas--(BUSINESS WIRE)--James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love, stated, “Now that we are a 100% bona fide Oil Company with several large Oil deals signed and sealed, it’s time to announce who our Chief Financial Officer is.”
Mr. Anthony (Tony) Gouveia CFO:
Mr. Gouveia is a CFO or Director of a number of companies in various industries. His expertise is focused on acquisition of capital, sale and acquisition of companies, IPO process and formulating effective business strategies to maximize return to shareholders and investors. Mr. Gouveia was the Vice President of Finance and Corporate Controller for the Unilab Corporation (Unilab). Mr. Gouveia was involved in the following regarding his tenure at Unilab: (1) taking the company public raising $125 million; (2) subsequent to the IPO, the company sold 9.2 million shares in a secondary offering; and (3) the company was sold for approximately $900 million. The market cap of Unilab, when Mr. Gouveia joined the company, was under $200 million. Unilab’s IPO was considered one of the most successful IPO’s as reported by The Wall Street Journal. Unilab had the highest profit margins in the industry. Prior to Unilab, Mr. Gouveia was the CFO for Winston Tire Company (Winston). In two years, Mr. Gouveia improved annual cash flow by $2 million increasing the value of the company by $20 million, acquired 3 companies and integrated their operations and developed a long-term plan to reverse 10 years of losses prior to Mr. Gouveia joining the company, which was on target during his tenure at Winston. Mr. Gouveia spent several years as an auditor for large international accounting firms.
Mr. Gouveia’s approach will be to assist Mr. Love to invest our financial resources in a disciplined manner to provide the best possible return to investors/shareholders. This means focusing on the right businesses/products. Mr. Gouveia stated, "As CFO, I will assist Mr. Love in evaluating our businesses/products to ensure that they meet our standards for financial performance, growth and return on investment."
Love further stated, “This caliber of Chief Financial Officer, directly reflects the direction in which James Monroe Capital Corp. is headed.”
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contacts
James Monroe Capital Corp.
Frank Love, 254-458-0473
hummmmm, i guess that wasn't enough "value" !
of smmw !!! you win and sell at say .00001 thats a 1000 bucks,
k9. i will you put up 100mill shares and i put up 100mill shares winner takes all ?????
how about "finbatist"
short for financial basher terrorist ???
how about bashhe, bashit ??
29,850,006 ! ok who bought the 6 ??
max, tks, think i'll add now !
RJ, yes paychest gl let me know your if you do. but if you do becarefull, and don't make the mistake i made there and replyed.fought with bashers, gl
ps do you know how long one as to go before they can get back on the board, it's my only ban from any of the boards
sctartch my last post, it was for another board
As far as "personal attacks" goes 99% of the nonshareholders post are personal attack towards me. But things here appears to be a one way street. wonder if the term "nonshareholders id a tos'able offence hummmmmmmmmmmmmmmm
Gm everyone, hey RJ i see your looking at another one i own, RJ my yhpoghts with that one is !) they are cleaning up there Not good standing issue, 2( e&trade will not let you buy on line, they getting that fixed also. so untill they get them issues fixed news and up dates are worthless. all my opinion , but i added on it,
ps, im tos'd from that board, i made a mistake fighting with a POS basher. gl
Lol another one ! show us your proof . i'll wait
Very interesting !! Your stating a Fact instead of a Opinion !!! since people on the board only deal in "solid proof" care to post your proof !!! I'll wait
Month ????? what a dope ! but thats what losers do twist ut !!!! hope you GOT ASSETS $$$$$$$$$$$$$
Ha ha !! one thing ! at this stage is to bash the company, but to bash !!! "stucks" as you say !!! must mean some $$$$$$ value must be here $$$$$$$$$ GOT CMKX GOT CERTS GOT FRIZZEL GOT ASSETS $$$$$$$$$$$ LAWSUITS COMING !!!!!! :>)))))))
I could use some "good" dd ! Mines all bad !! lol have a great weekend everyone !!
We went from Good DD on sea shells, Back to lawsuits, when will it end !!! :>)) have a great weekend everyone, never know when it's your last "free" one :>))
No, Dollars $$$$$$
lol ! wonder if you hold them to your ear, you can hear the ocean ??
maybe ! just maybe, under then sea shells it says......... (GOT)\/(CMKX) haha
Tavy, I have to wait till next riday to reply to your p/m. ! lol have a great weekend
Wonder how many liters them sea shells hold :>) lol
Just got home, Tell me it ain't so !!
How many lines does it take to come up with a post like that still lmaoooooo,
are you saying buy'n shares from you broker is the same as buy'n coke from a dealer ??? lmaooo what a dope, at appx 200 mill shares how much coke would that be ???? still lmaooooooooooooooo
So true, beging to think that our success may be there demise :>)
Yes, and one would also think they would be happy for us (the shareholders)that there may be a way out. just one more thing that makes ya go Hmmmmmmmmmmmm
So many worried about us and our little revoked stock ?? :>))
Hummmm, Wonder if he was friend or foe ????
OT: OR NOT !! Silver Screens Studios: Update Regarding Adoption of Shareholders Integrity Plan to Address its Capital Structure and NOBO Evaluation and Makes Plans to Migrate to NASDAQ Small Cap Market
Counterfeit Share Issue, Dividend and Acquisition Strategy
Oct 23, 2006 12:41:00 PM
Copyright Business Wire 2006
ATLANTA--(BUSINESS WIRE)--
Silver Screen Studios, Inc. (OTCBB: SSSU), http://finance.yahoo.com/q?d=v1&s=sssu.ob implements Shareholders Integrity Plan to address share imbalance, updates facts regarding trading in the company shares by TD Ameritrade and moves ahead with first acquisition and Reg. E Funds.
TD Ameritrade Facts:
According to the NOBO list SSSU has 770 account holders at TD Ameritrade who have been prevented buying shares in the company. We are in the process of determining the number of shares contained in those accounts.
Facts:
1. The purchase restriction was placed on the company's shares by TD Ameritrade after we announced we were requesting a NOBO list and suspected failure to deliver positions in our shares.
2. On July 14, 2006 a day in which we traded 122 million shares, TD Ameritrade would not allow trading on their platform for 2 hours.
3. A new Market Maker SBSH has recently entered trading in our shares since we requested the NOBO list. According to www.OTCBB.com SBSH is Citigroup Global Markets, a joint venture partner with the DTCC, http://www.dtcc.com/PressRoom/2006/managed_accounts.html, http://www.dtcc.com/Publications/dtcc/sept06/dtcc_partners_with _citigroup.html. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
SSSU Strategy Concerning Counterfeit Shares:
The company is discussing its strategy with legal counsel, investment banking counsel and will have a plan in effect to address counterfeit shares, failure to delivery positions, and any short selling of its shares later this week.
Phase I of the Shareholders Integrity Plan.
The SIP's implementation is proceeding ahead with a planned acquisition of a real estate franchising company for distressed assets as well as a commercial mortgage company for financing of the assets.
Reg. E Funding of Acquisition.
Our first Reg. E Fund will make the initial investment in the franchising and mortgage company. We are negotiating terms for initial investments in the fund.
We plan to have definitive contracts in place this week for the closing of the acquisitions and the planned spin out of shares to our shareholders.
Implementation of Acquisition and SIP:
The management of SSSU has accessed a shareholders list as of 10-11-2006. This list was compared to the NOBO list as of 10-11-2006. The shares in excess of the official total as compiled by the transfer agent will be deemed "counterfeit shares," see http://www.bdcjournal.com/currentissue.pdf, and pages 10-12 on the issue of counterfeit shares.
Counterfeit Shares:
Any position deemed counterfeit will be deemed to be short a failure to deliver share; each failure to deliver share outstanding of SSSU shall be deemed liable as follows:
Counterfeit Shares Liability:
Each counterfeit share shall be liable to SSSU as follows:
(i) $1.00 per share in cash; plus
(ii) The 52 week high of $.052 multiplied by 7.77 multiplied by the number of days the failure to deliver position has been open.
(iii) There are currently 102,767,486 shares unaccounted for.
Shareholder Benefits and Dividend Distribution:
We have developed the dividend program with one of the Reg. E. Funds. Each Reg. E fund can raise up to $5.0 million per year exempt from registration. We are working out the details of a dividend valued in the range of $0.05-$0.12 per share.
Summary:
The SIP will have no effect on our current shareholders. The SIP will affect the imbalance in shares that have failed to be delivered and remain open. We are proceeding with actions deemed necessary to protect the shareholder base and structure our company for growth.
About Global 1 Investment Corporation:
The family of funds we construct will have equity, fixed income, real estate securities, mortgages, affordable housing and commercial assets as investment opportunities for different classes of investors.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
Source: Silver Screen Studios, Inc.
----------------------------------------------
Silver Screen Studios
Inc.
Atlanta
Barry Thomas
404-255-0400
sssu*mindspring.com
http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/8/t/024606/p/5.htm...?
Short Sellers Target Small-Company Shares as U.S. Growth Slows
By Michael Patterson
April 12 (Bloomberg) -- Short sellers are increasingly betting against shares of America's smallest companies, and some of the biggest U.S. investors are equally pessimistic.
Short positions in companies in the Russell 2000 Index, which have a median market value of $669 million, jumped last month to the highest since at least September 2003, according to Citigroup Inc. Short sellers, who bet on stock declines, are targeting so-called small-cap companies after they outperformed the Standard & Poor's 500 Index for the eighth straight year.
Bank of America Capital Management, JPMorgan Private Bank and LPL Financial Services, which manage about $1 trillion, are bearish on smaller companies too. They say large-company stocks are cheap relative to earnings and will outperform small caps this year as the U.S. economy slows. Decelerating growth at home favors bigger companies, which get more of their revenue from abroad, the investors say.
``The greater the growth scare here in the United States, the more pressure on small caps,'' said Joseph Quinlan, who helps oversee $540 billion as Bank of America's chief market strategist in New York. ``You want to be in large-cap stocks.''
The percentage of shares sold short in the Russell 2000, a small-cap benchmark, was more than five times greater than in the S&P 500, consisting of companies with a median value of $13.6 billion, according to Citigroup. Short sellers borrow shares from stockholders and sell them, hoping to repurchase them at a lower price later to return to the holder.
Shorts' Targets
Their biggest targets among small caps as of mid-March included Accredited Home Lenders Holding Co., a mortgage lender, and Take-Two Interactive Software Inc., a video-game maker, according to monthly data from stock exchanges.
The Russell 2000 has outperformed the S&P 500 every year since 1998. Since the current bull market began in October 2002, the small-company index has climbed 147 percent, almost double the S&P 500's 85 percent gain. This year, the Russell 2000 has gained 2.6 percent, while the S&P 500 has advanced 1.5 percent.
Companies in the Russell 2000 sell on average for about 40.1 times earnings for the past year. S&P 500 members are valued at about 17.2 times. The gap between those two price- earnings ratios is the widest since May.
``It's not a surprise to me that some smart guys on the other side may be selling or shorting some of these stocks with the anticipation that they'll come back to a more reasonable price level,'' said Mark Keeley, who helps manage the $4.2 billion Keeley Small Cap Value Fund, which has beaten 98 percent of its peers in the past five years. ``That's not a bad bet.''
Thiel's Bet
About 9.6 percent of the shares available for trading in the Russell 2000 were sold short in March, according to data compiled by Nicholas Gulden, head of U.S. portfolio trading strategies at Citigroup. That compares with a 1.9 percent short interest in members of the S&P 500.
Peter Thiel, chief executive officer of Clarium Capital Management in San Francisco, is among the hedge fund managers who are betting the S&P 500 will outpace the Russell 2000.
``The way to trade equities at this point in the U.S. is short the Russell and go long the S&P,'' said Thiel, who manages about $2.1 billion. ``The S&P 500 is more multinational, and to the extent that we have a slowdown in the U.S. but not globally, it's probably going to do better than the smaller-cap stocks.''
The U.S. economy probably grew at an annual pace of 2 percent last quarter, according to a Bloomberg News survey of economists, down from a 2.5 percent rate in the fourth quarter.
Weathering a Slowdown
Government and private reports over the past two weeks showed consumer confidence fell for a second straight month, while manufacturing growth slowed more than forecast.
Jack Caffrey, an equity strategist at JPMorgan Private Bank in New York, says large companies may weather a slowdown better because they tend to sell more goods and services overseas.
Sales in the U.S. accounted for about 84 percent of the revenue reported by companies in the Russell 2000 last year, according to data compiled by Bloomberg. Members of the S&P 500 relied on the U.S. for 73 percent of sales.
Economies elsewhere are growing faster than the U.S. Mexico probably expanded at a 3.7 percent pace in the first quarter, according to economists in a Bloomberg survey. China, the world's fastest-growing major economy, probably grew at a 10.2 percent rate, according to an estimate from the country's central bank.
``Multinationals -- generally the larger companies -- are better positioned to capture that growth,'' said Caffrey.
Growing Employment
Still, the economy may surprise investors with its strength. Hiring in the U.S. last month rose more than forecast, and the unemployment rate unexpectedly fell, indicating slumps in housing and manufacturing may be having limited impact.
And small caps may get a boost from mergers and acquisitions. About $635.9 billion in takeovers involving U.S. companies have been announced this year, 38 percent more than during the same period last year, according to data compiled by Bloomberg.
``The key positive for small-caps right now is all the M&A activity, whether it's from private equity money that needs to be invested or big corporations that have amassed a lot of cash,'' said Dwight Cowden, who manages the $660 million Mellon Small Cap Stock Fund in Pittsburgh. He said three companies in his fund received merger offers in the past four weeks.
The potential for buyouts may already be reflected in the share prices of many small-cap stocks, said Jeff Kleintop, chief market strategist at LPL Financial in Boston. At the same time, more large companies may get takeover offers as private equity funds collaborate on deals.
`Overvalued Market'
Jack Ablin, chief investment officer at Harris Private Bank, bought securities that increase in value if the S&P 100 index of the largest U.S. companies rises more than the Russell 2000. He expects the bet to pay off over the next two years.
``This is an overvalued market that can't sustain itself,'' said Ablin, who oversees $50 billion at Harris in Chicago. ``The only piece of the puzzle we're missing here is a little momentum. All the other pieces are in place for small cap to underperform.''
To contact the reporter on this story: Michael Patterson in New York at mpatterson10@bloomberg.net .
Last Updated: April 11, 2007 19:03 EDT
Short Sellers Target Small-Company Shares as U.S. Growth Slows
By Michael Patterson
April 12 (Bloomberg) -- Short sellers are increasingly betting against shares of America's smallest companies, and some of the biggest U.S. investors are equally pessimistic.
Short positions in companies in the Russell 2000 Index, which have a median market value of $669 million, jumped last month to the highest since at least September 2003, according to Citigroup Inc. Short sellers, who bet on stock declines, are targeting so-called small-cap companies after they outperformed the Standard & Poor's 500 Index for the eighth straight year.
Bank of America Capital Management, JPMorgan Private Bank and LPL Financial Services, which manage about $1 trillion, are bearish on smaller companies too. They say large-company stocks are cheap relative to earnings and will outperform small caps this year as the U.S. economy slows. Decelerating growth at home favors bigger companies, which get more of their revenue from abroad, the investors say.
``The greater the growth scare here in the United States, the more pressure on small caps,'' said Joseph Quinlan, who helps oversee $540 billion as Bank of America's chief market strategist in New York. ``You want to be in large-cap stocks.''
The percentage of shares sold short in the Russell 2000, a small-cap benchmark, was more than five times greater than in the S&P 500, consisting of companies with a median value of $13.6 billion, according to Citigroup. Short sellers borrow shares from stockholders and sell them, hoping to repurchase them at a lower price later to return to the holder.
Shorts' Targets
Their biggest targets among small caps as of mid-March included Accredited Home Lenders Holding Co., a mortgage lender, and Take-Two Interactive Software Inc., a video-game maker, according to monthly data from stock exchanges.
The Russell 2000 has outperformed the S&P 500 every year since 1998. Since the current bull market began in October 2002, the small-company index has climbed 147 percent, almost double the S&P 500's 85 percent gain. This year, the Russell 2000 has gained 2.6 percent, while the S&P 500 has advanced 1.5 percent.
Companies in the Russell 2000 sell on average for about 40.1 times earnings for the past year. S&P 500 members are valued at about 17.2 times. The gap between those two price- earnings ratios is the widest since May.
``It's not a surprise to me that some smart guys on the other side may be selling or shorting some of these stocks with the anticipation that they'll come back to a more reasonable price level,'' said Mark Keeley, who helps manage the $4.2 billion Keeley Small Cap Value Fund, which has beaten 98 percent of its peers in the past five years. ``That's not a bad bet.''
Thiel's Bet
About 9.6 percent of the shares available for trading in the Russell 2000 were sold short in March, according to data compiled by Nicholas Gulden, head of U.S. portfolio trading strategies at Citigroup. That compares with a 1.9 percent short interest in members of the S&P 500.
Peter Thiel, chief executive officer of Clarium Capital Management in San Francisco, is among the hedge fund managers who are betting the S&P 500 will outpace the Russell 2000.
``The way to trade equities at this point in the U.S. is short the Russell and go long the S&P,'' said Thiel, who manages about $2.1 billion. ``The S&P 500 is more multinational, and to the extent that we have a slowdown in the U.S. but not globally, it's probably going to do better than the smaller-cap stocks.''
The U.S. economy probably grew at an annual pace of 2 percent last quarter, according to a Bloomberg News survey of economists, down from a 2.5 percent rate in the fourth quarter.
Weathering a Slowdown
Government and private reports over the past two weeks showed consumer confidence fell for a second straight month, while manufacturing growth slowed more than forecast.
Jack Caffrey, an equity strategist at JPMorgan Private Bank in New York, says large companies may weather a slowdown better because they tend to sell more goods and services overseas.
Sales in the U.S. accounted for about 84 percent of the revenue reported by companies in the Russell 2000 last year, according to data compiled by Bloomberg. Members of the S&P 500 relied on the U.S. for 73 percent of sales.
Economies elsewhere are growing faster than the U.S. Mexico probably expanded at a 3.7 percent pace in the first quarter, according to economists in a Bloomberg survey. China, the world's fastest-growing major economy, probably grew at a 10.2 percent rate, according to an estimate from the country's central bank.
``Multinationals -- generally the larger companies -- are better positioned to capture that growth,'' said Caffrey.
Growing Employment
Still, the economy may surprise investors with its strength. Hiring in the U.S. last month rose more than forecast, and the unemployment rate unexpectedly fell, indicating slumps in housing and manufacturing may be having limited impact.
And small caps may get a boost from mergers and acquisitions. About $635.9 billion in takeovers involving U.S. companies have been announced this year, 38 percent more than during the same period last year, according to data compiled by Bloomberg.
``The key positive for small-caps right now is all the M&A activity, whether it's from private equity money that needs to be invested or big corporations that have amassed a lot of cash,'' said Dwight Cowden, who manages the $660 million Mellon Small Cap Stock Fund in Pittsburgh. He said three companies in his fund received merger offers in the past four weeks.
The potential for buyouts may already be reflected in the share prices of many small-cap stocks, said Jeff Kleintop, chief market strategist at LPL Financial in Boston. At the same time, more large companies may get takeover offers as private equity funds collaborate on deals.
`Overvalued Market'
Jack Ablin, chief investment officer at Harris Private Bank, bought securities that increase in value if the S&P 100 index of the largest U.S. companies rises more than the Russell 2000. He expects the bet to pay off over the next two years.
``This is an overvalued market that can't sustain itself,'' said Ablin, who oversees $50 billion at Harris in Chicago. ``The only piece of the puzzle we're missing here is a little momentum. All the other pieces are in place for small cap to underperform.''
To contact the reporter on this story: Michael Patterson in New York at mpatterson10@bloomberg.net .
Last Updated: April 11, 2007 19:03 EDT
I see all these lawsuits from other companys coming out ahead of us ? WTF has moran been doing all this time
Im a Hockey fan ! Just waiting for Dan to give us the 'hat trick '!!
gorb, easy, just joking ! you know im a happy stuck !! lol