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morning Philg
We still have to wait for some breaking news.
This will have it's day like smmw is having I guess
short covering at best.
Company is dead in IMHO. A quick in out for a trade here
WNSH One big concern here.
SEC did not specify when the updated financials had to be reported and of course the company is really dead. We are only hoping for short covering movement. Do you see it that way as well?
morning ottoman. where do you hail from. The pic reminds me of NYC auto sales somewhere in the bronx.
morning momo
No. King Ellis has been jerking the public around so much I have lost track. I will have to check the filings and see what the last S-10 stated. I will find out though. I feel confident that much of the selling this month 1,291,450,275, and last month 542,649,890 shares were shorters expecting the usual from Ellis. I felt after he r/s so many times this was bound to go up. I was wrong, but the SEC has finally clipped this jailbird's wings and shorts will have to be covered.
I plan to buy @ the open if it does not gap up too much and take a ride like PAIV, IMJX, CYOS, and you know the rest of them. I did not come here to spam stock...lolol
Hey Irish , been reading your board! Quite interesting! I little to add nor offer so I have Just been sideliner.
Oh yes, I do have a contribution to your board!
R/S offender......... HPNN Peter Michaels is set for jail time and he is slippery and has successfully postponed his jail time so far for months! Still, after Hop-On failed to produce any figures in sales, it has drifted down to .0012 after the last r/s. I forgot the details but he was involved in one of those early pinks sheet plays casino gambling and beat everyone and now was convicted. I am sure you all can find the details.
Any thoughts on WSHN would be appreciated..
Company is dead IMHO! just a short spike in short covering , maybe?
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Talk about a short squeeze check this out!***WNSH***
--------------------------------------------------------------------------------
Date of report (Date of earliest event reported): July 21, 2006
Winsted Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
Florida 0-32333 65-0972965
-------------- ----------------------- -------------
(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
100 Crescent Court , Suite 100
Dallas, Texas 75201
------------------------------
(Address of Principal Executive Offices) (Zip Code)
(214) 459-8245
--------------
(Registrant's telephone number, including area code)
Not Applicable
--------------
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
-1-
--------------------------------------------------------------------------------
ITEM 4.02 NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW.
On July 21, 2006, the management of Winsted Holdings, Inc. (the "Company") concluded that its previously issued financial statements as of and for (i) the year ended December 31, 2005, (ii) the three months ended March 31, 2006, September 30, 2005, June 30, 2005 and March 31, 2005, should no longer be relied as a result of the Company not disclosing violations of the Investment Company Act of 1940 ("Investment Company Act") and the Securities Act of 1933 ("Securities Act") including , but limited to issuance of equity compensation for services to its Chief Executive Officer and others, acquisition of assets from the Company's Chief Executive Officer, issuance of preferred shares of stock to the Company's Chief Executive Officer having preferential voting rights, noncompliance with filing of SEC Form 2E, and effecting reverse splits of the Company's common stock. In addition, the Company did not file schedule of financial highlights.
Accordingly, we will restate our financial statements as of and for the year ended December 31, 2005 by disclosing the effect of these errors in an amended Form 10-K for the fiscal year ended December 31, 2005. We will restate our financial statements for the quarters ended March 31, 2005, June 30, 2005 September 30, 2005 and March 31, 2006 by disclosing the effect of these errors in amended Forms 10-Q for the periods then ended.
As a result of these violations, the Company may be subject to claims by federal and state regulators for any such violations. In addition, if any purchaser of the Company's common stock were to prevail in a suit resulting from a violation of federal or applicable state securities laws, the Company could be liable to return the amount paid for such securities with interest thereon, less the amount of any income received thereon, upon tender of such securities, or for damages if the purchaser no longer owns the securities. As of the date of this Current Report, the Company is not aware of any alleged specific violation or the likelihood of any claim. There can be no assurance that litigation asserting such claims will not be initiated, or that the Company would prevail in any such litigation.
The Company is unable to predict the extent of its ultimate liability with respect to any and all future securities matters. The costs and other effects of any future litigation, government investigations, legal and administrative cases and proceedings, settlements, judgments and investigations, claims and changes in this matter could have a material adverse effect on the Company's financial condition and operating results
The errors were discovered in connection with comments raised by the Securities and Exchange Commission ("SEC") in their review and comment on our Exchange Act filings on Form 10-K for the year ended December 31, 2005. The SEC requested that we provide additional disclosure regarding the Company's violations of the Investment Company Act and the Securities Act as well as the disclosure of financial highlights. Upon review by management of these violations, we discovered our errors. Upon this determination, management and the Board of Directors were alerted to the facts and circumstances regarding the errors in disclosing the violations of the Investment Company Act and the Securities Act. Authorized officers of the Company discussed this matter with the Company's independent public accounting firm who agreed that the Company's annual and quarterly financial statements could not be relied upon and needed to be restated.
The foregoing description of the new financial statements is not a complete summary. You are urged to read the complete documents on our amended Form 10-K and Form 10-Q, copies of which may be found after filing on the website of the U.S. Securities and Exchange Commission at www.sec.gov.
-2-
--------------------------------------------------------------------------------
ITEM 8.01 OTHER EVENTS
The registrant has cancelled the proposed vote by a majority of its stockholders on July 28, 2006 to effect the following corporate actions:
1. To approve a reverse split of our common stock on the basis of one post-consolidation share for each 1,500 pre-consolidation shares.
2. To amend and restate Article IV of our Articles of Incorporation to bring into one document the provisions affecting our capital structure.
3. To amend and restate Paragraph 4.2.4(b)(i) of Article IV of our Articles of Incorporation to clarify provisions dealing with the adjustment of the conversion rate for our Series A preferred stock upon the subdivision or combination of our issued and outstanding common stock.
4. To amend and restate Paragraph 4.3.4(b)(i) of Article IV of our Articles of Incorporation to clarify provisions dealing with the adjustment of the conversion rate for our Series B preferred stock upon the subdivision or combination of our issued and outstanding common stock.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 21, 2006
WINSTED HOLDINGS, INC.
By: /s/ Mark Ellis
------------------------------------
Mark Ellis
Chief Executive Officer
you got that right!
A possible short squeeze here ?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
--------------------------------------------------------------------------------
Date of report (Date of earliest event reported): July 21, 2006
Winsted Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
Florida 0-32333 65-0972965
-------------- ----------------------- -------------
(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
100 Crescent Court , Suite 100
Dallas, Texas 75201
------------------------------
(Address of Principal Executive Offices) (Zip Code)
(214) 459-8245
--------------
(Registrant's telephone number, including area code)
Not Applicable
--------------
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
-1-
--------------------------------------------------------------------------------
ITEM 4.02 NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW.
On July 21, 2006, the management of Winsted Holdings, Inc. (the "Company") concluded that its previously issued financial statements as of and for (i) the year ended December 31, 2005, (ii) the three months ended March 31, 2006, September 30, 2005, June 30, 2005 and March 31, 2005, should no longer be relied as a result of the Company not disclosing violations of the Investment Company Act of 1940 ("Investment Company Act") and the Securities Act of 1933 ("Securities Act") including , but limited to issuance of equity compensation for services to its Chief Executive Officer and others, acquisition of assets from the Company's Chief Executive Officer, issuance of preferred shares of stock to the Company's Chief Executive Officer having preferential voting rights, noncompliance with filing of SEC Form 2E, and effecting reverse splits of the Company's common stock. In addition, the Company did not file schedule of financial highlights.
Accordingly, we will restate our financial statements as of and for the year ended December 31, 2005 by disclosing the effect of these errors in an amended Form 10-K for the fiscal year ended December 31, 2005. We will restate our financial statements for the quarters ended March 31, 2005, June 30, 2005 September 30, 2005 and March 31, 2006 by disclosing the effect of these errors in amended Forms 10-Q for the periods then ended.
As a result of these violations, the Company may be subject to claims by federal and state regulators for any such violations. In addition, if any purchaser of the Company's common stock were to prevail in a suit resulting from a violation of federal or applicable state securities laws, the Company could be liable to return the amount paid for such securities with interest thereon, less the amount of any income received thereon, upon tender of such securities, or for damages if the purchaser no longer owns the securities. As of the date of this Current Report, the Company is not aware of any alleged specific violation or the likelihood of any claim. There can be no assurance that litigation asserting such claims will not be initiated, or that the Company would prevail in any such litigation.
The Company is unable to predict the extent of its ultimate liability with respect to any and all future securities matters. The costs and other effects of any future litigation, government investigations, legal and administrative cases and proceedings, settlements, judgments and investigations, claims and changes in this matter could have a material adverse effect on the Company's financial condition and operating results
The errors were discovered in connection with comments raised by the Securities and Exchange Commission ("SEC") in their review and comment on our Exchange Act filings on Form 10-K for the year ended December 31, 2005. The SEC requested that we provide additional disclosure regarding the Company's violations of the Investment Company Act and the Securities Act as well as the disclosure of financial highlights. Upon review by management of these violations, we discovered our errors. Upon this determination, management and the Board of Directors were alerted to the facts and circumstances regarding the errors in disclosing the violations of the Investment Company Act and the Securities Act. Authorized officers of the Company discussed this matter with the Company's independent public accounting firm who agreed that the Company's annual and quarterly financial statements could not be relied upon and needed to be restated.
The foregoing description of the new financial statements is not a complete summary. You are urged to read the complete documents on our amended Form 10-K and Form 10-Q, copies of which may be found after filing on the website of the U.S. Securities and Exchange Commission at www.sec.gov.
-2-
--------------------------------------------------------------------------------
ITEM 8.01 OTHER EVENTS
The registrant has cancelled the proposed vote by a majority of its stockholders on July 28, 2006 to effect the following corporate actions:
1. To approve a reverse split of our common stock on the basis of one post-consolidation share for each 1,500 pre-consolidation shares.
2. To amend and restate Article IV of our Articles of Incorporation to bring into one document the provisions affecting our capital structure.
3. To amend and restate Paragraph 4.2.4(b)(i) of Article IV of our Articles of Incorporation to clarify provisions dealing with the adjustment of the conversion rate for our Series A preferred stock upon the subdivision or combination of our issued and outstanding common stock.
4. To amend and restate Paragraph 4.3.4(b)(i) of Article IV of our Articles of Incorporation to clarify provisions dealing with the adjustment of the conversion rate for our Series B preferred stock upon the subdivision or combination of our issued and outstanding common stock.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 21, 2006
WINSTED HOLDINGS, INC.
By: /s/ Mark Ellis
------------------------------------
Mark Ellis
Chief Executive Officer
-3-
Hi subline. I just read this about WSHN. Can you comment on what this is saying? Is this a type of problem for shorts?
I hold a fair amount of this loser and was going to write this play off but now it looks more interesting, Heavy volume has traded recently, actually huge trading in anticipation of the R/S
thanks
Looks like Ellis got cooked finally!
you too!
Plenty of...............new...
millionaires lately
Right! Go Go Go SIS BOOM BAh!
hey vz not much chatter tonight about these plays?
I guess this is a Monday to Friday crowd!
Off to the beaches I guess??? lolol
Hi Stockwork! Welcome!
MM= Market maker
EOM= End of Message
IMJX Almost the whole float today! Short squeeze
There are 234,200,316 shares issued for Imagexpres Corp with 90677720 shares
restricted with 500,000,000 shares authorized.
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
2301 Ohio Drive - Suite 100
Plano, Texas 75093
Telephone Number 972 612 4120
Facsimile Number 972 612 4122
Email Address signaturestocktransfer@msn.com
NTCI MOMO alert possible!
WIth this weather all weekend here I will just hunker down and wait for monday! All weekend it will be raining here!
IMJX Almost the whole float today!
There are 234,200,316 shares issued for Imagexpres Corp with 90677720 shares
restricted with 500,000,000 shares authorized.
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
2301 Ohio Drive - Suite 100
Plano, Texas 75093
Telephone Number 972 612 4120
Facsimile Number 972 612 4122
Email Address signaturestocktransfer@msn.com
IMJX Almost the whole float today!
There are 234,200,316 shares issued for Imagexpres Corp with 90677720 shares
restricted with 500,000,000 shares authorized.
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
2301 Ohio Drive - Suite 100
Plano, Texas 75093
Telephone Number 972 612 4120
Facsimile Number 972 612 4122
Email Address signaturestocktransfer@msn.com
Absolutely right Shakerzzz!
DTGP people should be buying now! Not waiting for part of the move to be misssed!
CYOS looks good today. Down more! Great!
IMJX- gapping for monday to at least .003 and off to .01
.02
.04
.05
.10
Millionaires born!
Absolutely not! Elton............
These boards are not read as much as you would like to think.
I have made the right decision. Bought IMJX with what I had left in MGMX and added a few more and have recouped my losses here all in one day today! This proves my point that if the boards sere read as much as one would like, then IMJX, PAIV, PAIM, FHAL, would have been bought up much earlier but most buyers wait to see movement and lose a good part of the move.
The above stocks were brought forward by many on BB Penny haven
I posted FHAL as momo alert @ .135 On MOMO PLAYERS!
Shakerzz posted PAIV IMJX on his boards
DTGP, CYOS has been brought up by many!
Some of these are still not moving but they will shortly.
No, Elton, posting the real deal is what we do on many other boards.
Good Luck with your decisions.
OK I am ready.. Is it monday yet? lol
Hurrricane weather here in NS today! trees falling, wind blowing, and my boat all tied up of course! Who has time ....... Oh it is friday.... well no boating weather today or this weekend!
and now the .0002s are being put back on!
VTAI yes very interesting.
now they are replacing all the .00001 trades back?
Wonder what they are up to here>
16:21:02 5500000 @ .0001
16:21:50 3000000 @ .0001
16:18:19 quote .0001 - .0002
all canceled
time stamp 16:12:56 trade 9,000,000 @ .0002
" 16:13:31 trade 9,000,000 @ .0002
Current trades volume for the day are 12,897.8
that is it as of now?
I am talking about SMMW SORRY!
????????????????????????????????????????????? still going at it! I am watching the trades ticker go nuts with cancels
Now they are cancelling all the .0001 trades?
smmw
THey are currently canceling most of the .0002 trades?????? and now replacing only some? What gives?
And now canceling more @ .0002
might close @ .003?
got it!
yes it is for once! trying to get more but they are noit giving it to me @ .0021
IMJX ...In!