Linchuck, indeed, shorting, naked or otherwise, does happen.
But, like you, I think that in the Pennies most of those claims are BS.
One exception,(ironically), is USXP.
They were awarded a court judgement of two or three-hundred thousand dollars, but can't collect because all the money is in off-shore banks and the shorters are telling them to stick it.

BTW, the CEO of USXP is testifying before Congress today on another matter.
There was a PR today, but it just repeated the one from yesterday, so I didn't post it.

Well, VIVI has finally done it.......
According to their PRs....
They own or control a small air force!
they have hundreds of people in training, both ground crews and flight crews!
Now, they've taken that final step......they are selling tickets!.......and they still don't have one plane in the air!!!

FT. LAUDERDALE, Fla., Oct 21, 2003 (BUSINESS WIRE) --

Viva International, Inc. (OTC: BB: VIVI) announced that ticket sales for flights from Ft Lauderdale to Aruba will begin October 27, 2003. Service will begin December 1st , 2003. Details on tickets and availability will be posted on the Company's web site www.vivainternational.org within the next few days.

The flights from Ft Lauderdale to Aruba are under the code and revenue sharing agreement between Viva International and Royal Aruban Airlines. Based on studies and market analysis, this scheduled service should generate approximately $3 million in revenues for the quarter ending December 31, 2003. The flight operations will be provided by Falcon Air Express of Miami under a contractual agreement utilizing their Boeing 737-300 aircraft which has a seating capacity of 133 passengers.

Stuart Carnie, President and CEO of Viva International said, 'Our goal from day one was to build Viva and Royal Aruban Airlines to commence flight operations. We are extremely pleased to include Ft Lauderdale in our inaugural flight operations. Flying from Ft Lauderdale allows Viva and Royal Aruban Airlines to launch its flight operations during what is typically the peak season for passenger traffic. Our goal is to develop the best routes first, use the best equipment for the developed routes and to form strategic alliances that are mutually beneficial'.

Additionally, Viva International recently announced that its wholly owned subsidiary Hardyston Distributors, Inc. was acquiring a 49% interest in Royal Aruban Airlines. Under the terms of that agreement, Hardyston will be spun-off under a plan that will give Viva shareholders one share of Hardyston common stock for every three shares of Viva International, Inc common stock owned.

Interesting article on the SEC & shorting.....

WILL THE SEC COME UP SHORT?

The Securities and Exchange Commission plans to consider new guidelines that would regulate short sales of securities under the Securities Exchange Act of 1934. The new rules – called Regulation SHO – will be discussed at a public meeting of the SEC on Wednesday October 22, 2003.

As presently conceived, Regulation SHO would strike a blow against “naked” short selling by requiring short sellers in all equity securities to locate securities to borrow before selling short. That portion of the proposal would affect securities traded in the Over-The-Counter markets (the Pink Sheets and Over the Counter Bulletin Board) as well as those listed on regional and national stock exchanges.

Other aspects of Regulation SHO focus on securities traded on national stock exchanges. The new rules would institute a new uniform bid test for exchange-listed and NASDAQ National Market System securities that would allow short sales to be effected at a price above the consolidated best bid. Regulation SHO also would suspend the operation of the proposed bid test for specified highly liquid securities on a two-year pilot basis.

The Over-the-Counter investment community will be focused on the proposal to combat “naked” short selling. The regulation would cast light on concerns expressed by some 100 Over-the-Counter companies who believe that their stock prices have been adversely affected by naked short selling. These OTC companies, many of which are obscure and struggling, have complained that a handful of established brokerage firms and market makers have permitted abusive short selling practices to persist.

In response to this concern, several companies have announced plans to withdraw from the Depository Trust & Clearing Corporation’s electronic trading system, or to change their names to thwart illegal short sellers.

Is their concern real or imagined? It is unclear whether any or all of these complaining OTC companies actually have been affected materially by “naked” short sellers. Many of these companies are struggling, financially-challenged entities with insignificant assets and negligible revenues. This has caused some observers to wonder whether those companies actually have been victimized by “naked” short sellers, or simply have seized upon the issue to help explain the depressed state of their securities.

On the other hand, if “naked” short selling has adversely affected some or all of these companies, the new rules offer a long overdue opportunity to end that practice. Either way, Regulation SHO, if it is adopted, should help put an end to this controversy.

According to a recently published list, the following companies have expressed concern about the impact of “naked short selling:


Advanced Viral Research Corp. (OTCBB: ADVR), AdZone Research, Inc. (OTCBB: ADZR), Amazon Natural Treasures (OTC: ANTD), America's Senior Financial Services (OTCBB: AMSE), American Ammunition, Inc. (OTCBB: AAMI), AngelCiti Entertainment (OTCBB: AGLC), ATSI Communications, Inc. (OTC: ATSC), Federal Agricultural Mortgage / Farmer Mac (NYSE: AGM) Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV), American International Industries (OTCBB: AMIN), Ameri-Dream (OTC: AMDR), Adirondack Pure Springs Mt. Water Co. (OTCBB: APSW), Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB: BLIIV), Bentley Communications (OTCBB: BTLY), BIFS Technologies Corporation (OTCBB: BIFT), Biocurex (OTCBB: BOCX). Broadleaf Capital Partners, Inc. (OTCBB: BDLF), Chattem, Inc. (NASDAQ: CHTT), Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), CyberDigital, Inc. (OTCBB: CYBD). Diamond International Group (OTCBB: DMND), Dobson Communications Corp. (NASDAQ: DCEL), Eagle Tech Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH);

Also, Endovasc Ltd. (OTCBB: EVSC), Enviro-Energy Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC: EPTC), EPIXTAR Corp. (OTCBB: EPXR), eResearchTechnologies, Inc. (NASDAQ: ERES), Flight Safety Technologies (OTCBB: FLST), Freddie Mac (NYSE: FRE), FreeStar Technologies (OTCBB: FSRCE), Geotec Thermal Generators, Inc. (OTCBB: GETC), Genesis Intermedia (OTC: GENI), GeneMax Corp. (OTCBB: GMXX), Global Explorations Inc (OTC: GXXL), Global Path (OTCBB: GBPI), GloTech Industries, Inc. (OTCBB: GTHI), Green Dolphin Systems (OTCBB: GLDS), Group Management (OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), Hyperdynamics Corp. (OTCBB: HYPD), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), International Broadcasting Corporation (OTCBB: IBCS), InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Investco Corp. (OTCBB: IVCO), Lair Holdings (OTC: LAIR), Lifeline BioTechnologies Inc. (OTC: LBTT), Life Energy & Technology (OTCBB: LETH), MBIA (NYSE: MBI);

Also, MegaMania Interactive (OTC: MNIA), MetaSource Group, Inc. (OTCBB: MTSR), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), Medinah Minerals (OTC: MDMN), MSM Jewelry Corp. (OTC: MSMC), Nanopierce Technologies, Inc. (OTCBB: NPCT), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Navigator Ventures (OTC: NVGV), Orbit E-Commerce, Inc. (OTCBB: OECI), Pitts & Spitts (OTC: PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PACC), PayStar Corporation (OTC: PYST), Petrogen Corp. (OTCBB: PTGC), Pinnacle Business Management (OTC: PCBM), Premier Development & Investment, Inc. (OTCBB: PDVN), PrimeHoldings.com, Inc. (OTC: PRIM), Phlo Corporation (OTCBB: PHLC), Resourcing Solutions (OTC: RESG), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp. (OTCBB: RMECE), RTIN Holdings (OTCBB: RTNHE), Saflink Corp. (NASDAQ: SFLK), Safe Travel Care (OTCBB: SFTVV), Sedona Corp. (OTCBB: SDNA);

Also, Sionix Corp. (OTCBB: SINX), Sonoran Energy (OTCBB: SNRN), Starmax Technologies (OTC: SMXIF), Storage Suites America (OTC: SSUA), Suncomm Technologies (OTC: STEH), Sports Resorts International (NASDAQ: SPRI), Technology Logistics (OTC: TLOS), Swiss Medica, Inc. (OTCBB: SWME), Ten Stix, Inc. (OTCBB: TNTI), Tidelands Oil (OTCBB: TIDE), Titan Construction (OTC: TTCS), Trezac Corp. (OTCBB: TRZAV), Universal Express, Inc. (OTCBB: USXP), Valesc Holdings, Inc. (OTCBB: VLSHV), Vega Atlantic (OTCBB: VGAC), Viragen (AMEX: VRA), Viragen International (OTCBB: VGNI), Vista Continental Corporation, (OTCBB: VICC), Viva International (OTCBB: VIVI), Vtex Energy (OTCBB: VXENE) and Wizzard Software (OTCBB: WIZD), WorldTradeShow.com (OTC: WTSW) and Y3K Secure Enterprise Software, Inc. (OTCBB: YTHK).

USXP PR........
NEW YORK, Oct 20, 2003 (BUSINESS WIRE) --

Transportation logistics company, Universal Express, Inc. (OTCBB:USXP), has prepared a Transportation White Paper for members of the House and Senate and Congressional staff, Department of Commerce, and Transportation Security Administration staff. The White Paper 'More Security, Less Hassle for American Travelers: A Private Sector Solution for the Airline Industry'proposes enhancements to Homeland Security. It is expected to generate $16 billion annually transporting luggage for travelers and saving $1.4 billion in baggage screening and $4 billion in labor costs. Universal Express CEO Richard Altomare will personally disseminate his White Paper on Capitol Hill Tuesday October 21.

The White Paper plan resolves shortfalls in the Aviation and Transportation Security Act. It specifically addresses the costs of moving airline passengers'luggage and the inherent major security problems associated with transporting baggage.

'The airline industry transports nearly three times more bags than passengers. Clearly identifiable cost savings occur when a traveler arrives at the airport with luggage and another traveler sends his luggage ahead using a separate carrier. The White Paper that I am presenting tomorrow reveals detailed plans involving the supplemental and unique utilization of functioning organizations and operations. Implementation of our proposal will save money for taxpayers, Homeland Security, travelers and the travel industry,'states Mr. Altomare.

Altomare will present his plan on Capitol Hill Tuesday October 21.

At .08 MXDY appears to be leveling off..eom

At .117, USXP is gapping up..eom

thanks tc, I'm gonna bust that one too.:)eom

USXP PR, explains today's move......
NEW YORK, Oct 17, 2003 (BUSINESS WIRE) --

Universal Express (OTCBB: USXP), a transportation logistics company, announces CEO Richard Altomare will make a formal presentation on Capitol Hill to members of the House and Senate and congressional staff on Tuesday October 21. Mr. Altomare is proposing a plan expected to resolve the luggage check-in security problems inherent in the airline industry and reduce the exorbitant ongoing costs when the Federal Government took over the air transportation network. Implementation by Congress of the USXP plan can enhance the security of travelers, decrease the time spent in airports, improve the airlines financial health, and create an estimated 250k jobs in a new $22 billion parcel carrier industry segment.

'The USXP transportation security plan we are recommending to Congress will significantly reduce the amount of luggage carried by the airlines and the subsequent possibility of terror attacks. It is expected to save taxpayers up to $1.4 billion yearly in screening costs. Among other things, when rolled out, it also allows for the assignment of guards at train stations and bus terminals. USXP has extensive transportation industry knowledge and years of operating experience. Our proposal will boost confidence in the overall security of the travel industry, and dramatically improve the financial health of the airlines,'stated Richard A. Altomare, President &C.E.O.

Altomare will present his plan to members of Congress on Tuesday October 21.

tc, I think I have it. I just ran scandisk and defrag with no problems...After I disabled Lxsupmon.
Turns out, that's Lexmark supplies Monitor that was apparently automatically installed from the printer driver disk.
anyway, it works
Thanks

Ok tc, I'll look it up on pacman's portal....
If Windows Update is a scheduled task, this is the first I knew of it......:)
thanks

tc, I unchecked Task Monitor, rebooted and tried to run scandisk...........same prob.
I rechecked it and rebooted.
Here's what shows on my RUN/msconfig Startup list,(the checked boxes);

NoAds
Windows Update
msnmsgr
ScanRegistry
System Tray
QTaskStartup
LoadQM
Windows Update
LexStart
LXSUPMON
LoadPowerPrifile
TaskMonitor
LoadPowerProfile
SchedulingAgent

NEOM just filed a S-8 to dump 150M shares..eomo

Linchuck, I looked at a chart for BDE when you first mentioned it and I meant to ask you before, but forgot.

Are you playing the dips on this or looking at a longer picture?
From what I saw, it looked like a great dip play.

Baglady, also...re XKEM......
You're closer to this than I am. Maybe you can give me some insight.

When they did the 1:3000 RS that brought the OS down to about 3000 shares, a very small OS.
That should make the PPS very volatile and any buying at all should move it up. Yet, all I see now is weakness.
Wazzup?
TIA

baglady, good to hear from you.
I missed the ADOT deal myself, but several people here are on top of it.......stay tuned..........and, congrats.

How are things going with your medical work? good I hope.
I think I won't be far behind you.....:)
(If you don't want to reply publicly.....I understand...:))

USXP moving again .111 and looking strong..eom

Thanks tc, I went to the configuration utility and looked at the list.
One of my problems is recognizing what I do or don't need on that list.
Some things listed might as well be in Chinese, like;
SchedulingAgent
or
Task Monitor

I have no idea what those are, let alone if I need them or not.

But, I have one little pop-up killer called NoAds. It allows my to "disable" it and I do that when trying to run scandisk.
But, I'm beginning to suspect that it might be the culprit anyhow.

I also printed the info on your link...thanks. I'll play with it a bit and see what happens.

ruellit, that's what bothers me about the price movement.
If my numbers are correct, someone buying a thousand shares should move the PPS. It should be very volatile.
Aye, tis a puzzle.....:)

the Bollinger Bands have flattened out. Tomorrow should change them.
Hopefully, we'll see them starting to point toward each other.

ruellit, actually, the chart doesn't look like it's ready to pop, but that filing came out after the close.

I'm still having a hard time believing my numbers are right.
The float is almost nonexistent.

FRCD just filed a SC 13g......more info.
currant PPS .043

The filing shows that Nautilus Management holds 25M shares.
Other insiders hold over a million.
The OS is only 26.6M(as of Aug 14) and no S-8's have been filed.

these numbers are so incredible......please check it out yourselves.


Plus.......one of the insiders is David Duval, one of my all time favorite golf pros.(I'm sold!!!.....:)

Interesting PR from PTSC........

SAN DIEGO, Calif., Oct 16, 2003 /PRNewswire-FirstCall via COMTEX/ --

Patriot Scientific Corporation (OTC Bulletin Board: PTSC) announced at its annual shareholders' meeting today that the company has met with a large electronics company to discuss that company's infringement of PTSC's '336 patent. Additional information is being assimilated in preparation for a future meeting.

Shareholders were told the company has a plan to deal with companies that are not cooperative but so far Patriot Scientific has not filed a lawsuit against any of the companies it has contacted regarding infringement activity. However, shareholders were told that the company is prepared to file such suits if satisfactory business relationships are not agreed upon. The company said initial contact has been made with other companies that Patriot Scientific believes are in violation of its patents.

In addition, the company said it is making significant progress in efforts to develop a 32-bit smart card for use in China. Patriot Scientific CEO Jeff Wallin said it was too early to disclose specific details but said that recent progress was important and highly encouraging. 'We believe China could become an important market for use of our technology for smart cards. We offer the most cost and energy effective solution for creating robust smart card functionality. We believe the deal we are working on now could result in the first full feature Java smart card in China,'Wallin said. The company earlier announced a memorandum of understanding to develop smart card technology in China.

In other business, all proposals presented to shareholders were approved. This included an increase in the number of authorized common shares, a stock option plan, appointment of an independent auditor and the election of the board of directors.

An investment profile on Patriot Scientific may be found at www.hawkassociates.com/patriot/profile.htm.

About Patriot Scientific

Patriot Scientific is an intellectual property company developing and marketing innovative and proprietary semiconductor technologies into the fast- growing hand held wireless and smart card markets. The company's portfolio of patents encompasses what is believed to be fundamental microprocessor technology and includes additional patents pending to protect its technology and architecture. For more information please visit Patriot Scientific online at www.ptsc.com

For investor relations information contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: info@hawkassociates.com For Patriot Scientific information contact Lowell Giffhorn at (858) 674-5018. Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found on the website www.hawkassociates.com.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.

SOURCE Patriot Scientific Corporation

Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or email, info@hawkassociates.com, for Patriot Scientific Corporation; or Lowell Giffhorn, Patriot Scientific, +1-858-674-5018

http://www.ptsc.com

Susie, do you have a driver for your mouse?
If so, delete it and reinstall it.

those guys are right, it does for all the world sound like a faulty mouse.

Ruellit, I just ran a quick chart on CWIR.
Without doing any DD, this could well be a post-RS bounce.
If so, it may be good for another 150% or so before the wheels fall off.

just a wild guess......:)

Thanks Susie,...Start UP is empty and I've already searched the Add/Remove list.
I have no surprises there.

This program that's writing to my C drive isn't anything I've added on purpose.
Hell, right now I would settle for just the name of the little devil!

PCOM news......
CAMPBELL, Calif., Oct 16, 2003 (BUSINESS WIRE) --

P-Com, Inc. (OTCBB:PCOM), a worldwide provider of wireless telecom products and services, announced today that it will broadcast its financial results for the third quarter of 2003 on a conference call scheduled for Thursday, Oct. 30, 2003 at 2:00 p.m. Pacific, 5:00 p.m. Eastern.

To listen to the conference call by phone, dial (877) 356-7051 for U.S. calls or (706) 643-7695 for international calls. The reference conference ID is #3398865. To listen to a live broadcast over the Internet, go to www.p-com.com and click on the Investor Relations page. A replay of the conference call will be available for 90 days at www.p-com.com.

A press release outlining P-Com's financial results for third quarter of 2003 will be distributed on Thursday, Oct. 30, 2003.

About P-Com, Inc.

P-Com, Inc. develops, manufactures, and markets point-to-point, spread spectrum and point-to-multipoint, wireless access systems to the worldwide telecommunications market. P-Com broadband wireless access systems are designed to satisfy the high-speed, integrated network requirements of Internet access associated with Business to Business and E-Commerce business processes. Cellular and personal communications service (PCS) providers utilize P-Com point-to-point systems to provide backhaul between base stations and mobile switching centers. Government, utility, and business entities use P-Com systems in public and private network applications. For more information visit www.p-com.com or call 408-866-3660.

SOURCE: P-Com, Inc.

P-Com, Inc. Media Contact: Greg Berardi, 415-239-7826 greg@bluemarlinpartners.com or Investor Contact: Daniel W. Rumsey, 408-866-3666 daniel.rumsey@p-com.com

Chrisau, thanks, I am running 98 SE. I think the scandisk you're talking about isn't a through one that fixes problems.

But, that still doesn't tell me how to find out what program,(s?) is running. That's what I want to get rid of.

tc, I have no scheduled tasks set up and, yes, I was trying to run a through scandisk........which may account for it taking to long in safemode. I'll try that again.

But that doesn't take care of the problem.
How can I find out what program is running?
Isn't there some window I can bring up that shows the running programs?
Whatever it is, I don't need it or want it.
TIA

XKEM news...should move it.......
October 16, 2003

NEW BRUNSWICK, N.J., Oct 16, 2003 (BUSINESS WIRE) --

Xechem International, Inc. (OTCBB: XKEM) announced today that the National Heart, Lung and Blood Institute (NHLBI) of the National Institutes of Health (NIH) awarded a fast track phase I Small Business Innovation Research (SBIR) grant to the Company entitled: 'Niprisan for Treating Patients with Sickle Cell Disease (SCD)'. The grant may be extended beyond phase I if certain milestones are met. This follows the September 2, 2003 announcement that Niprisan (HEMOXIN(TM)) received Orphan Drug designation from the FDA Office of Orphan Drug Products Development, providing Xechem with seven years of U.S. market exclusivity if it is first to market with this proprietary phyto-pharmaceutical.

'Sickle Cell Disease represents an important opportunity for Xechem to address a devastating disorder that currently effects over 80,000 patients in the U.S. alone', stated Ramesh C. Pandey, Ph.D., founder and President of Xechem. Dr. Pandey continued, 'There currently is no definitive, safe therapeutic for the majority of these patients. Although we already are distributing the drug in Nigeria, the task at hand is to file an Investigational New Drug (IND) application as soon as possible to begin testing Niprisan (HEMOXIN(TM)) in patients in the U.S., initiating the clinical work necessary to gain FDA approval'.

In the September, 2003 issue of the British Journal of Hematology, Asakura and colleagues, from the Children's Hospital of Philadelphia (CHOP) and the University of Pennsylvania School of Medicine reported that Niprisan improves the survival rates of transgenic (Tg) sickle cell mice and proved several ant-sickling effects. Earlier, in a published, double blinded, placebo-controlled phase II trial in sickle cell patients in Nigeria, Niprisan (HEMOXIN(TM)) was reported effective in 73% of patients with no serious adverse events.

Xechem International, Inc. is a fully integrated biopharmaceutical company focusing on proprietary phyto-pharmaceuticals for orphan diseases and niche, generic anti-cancer and anti-viral compounds. Its lead projects include the development of HEMOXIN(TM) for Sickle Cell Disease and paclitaxel as a generic form of TAXOL(R).

This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks, uncertainties, including the ability of the Companies to successfully develop and commercialize their technologies, and other factors that may cause the actual results, performance or achievements of the Companies to be materially different from any future results, performance or achievements of the Companies expressed or implied by such forward-looking statements.

SOURCE: Xechem International, Inc.

Xechem International, Inc. Dr. Ramesh C. Pandey, 732-247-3300

http://www.businesswire.com

Thank You Susie..eom

As Jonathan Winters would say, HEP! HEP!

When I try to run scandisk it keeps stopping and starting over until I get a messege that some program is writing to the drive and I should disable it.

I don't have any screensavers,(for that reason) and I have no virus programs running.
I only have a small popup stopper called NoAds and I disable that before I run scandisk.

I've looked everywhere I can think of and I can't find any program that may be running.
How can I fix this?

PS: I also started scandisk from safemode, but after an hour it had only completed about 25% and it was looking shaky, so I stopped it.

PTSC has issued a couple of form 4's and a 10Q...
The Estate of Helmet Falk, the late Director, still holds almost 10M shares which is slowly being dumped.
It appears that it will be some time before this is finished and, until then, the dumping will have a detrimental affect on the PPS.
The 10Q isn't all that bright either.....the currant OS is about 120M

Sail, are you looking for a recovery? For this particular stock, I have no opinion on that, but please see my post, #2039 .....good luck

MSGL is gapping down bigtime..Looks like the run if over..eom

BEVI filed a 10Q today..eom

MXDY filed an 8K after hours..
Not quite sure why, because all it seems to do is make todays PR official.....?

joepcf, right after I asked you about OMOG, I took a look at it....As best as I could for a Pinksheet stock.

This looks for all the world like a post-RS bounce/bottom play from the 1:1000 RS they did last year.
These plays are usually short with a big fall-back.
Six months after the split, they had built the OS back up to 120M. God knows what it is now.

I was thinking about jumping in, even now, but the Pinks are just to shakey for me to put hard money on.
good luck

Article on AGRD by Stock Patrol.....
October 13, 2003

Did AuGRID Corporation (OTCBB: AGRD) bet on the wrong horse? AuGRID, a Nevada corporation with offices in Cleveland, Ohio, has been trying for several years to launch an operating business. Recently, the Company established relationships with a number of consultants, including several who are supposed to be helping AuGRID assess potential mergers and acquisitions.

Ranking first among those consultants – at least in terms of compensation paid by AuGRID – is one Daniel Rubin, a high profile investment banker who has cultivated an image as a playboy and “most eligible bachelor,” while accumulating large positions in troubled public companies. The Company recently solidified its relationship with Rubin, who now owns approximately 36% of its outstanding common shares.

But Rubin’s days as an investment banker may be numbered. On October 2, 2003, Rubin was arrested, and charged with orchestrating a “pump and dump” scheme involving shares of two small, struggling companies - Marx Toys & Entertainment Group and The Classica Group. See Feds Say Rubin’s Been Robbin’. Authorities say that Rubin, CEO of Rubin Investment Group (RIG), received 1.2 million shares of Classica stock, and 6.8 million shares of Marx Toys’ stock, in consideration for consulting services that he never actually rendered.

Rubin has been associated with a series of under-performing, over-promoted public companies, including Infotopia, Inc. (Pink Sheets: IFTA), the failed infomercial company that was long on promises and short on performance. Infotopia boasted a series of strange bedfellows who became targets of regulatory or criminal actions, or both, including Rubin; a pair of Las Vegas lawyers, Daniel Chapman and Sean Flanagan; New York attorney/consultant, Alan Berkun; Canadian investment banker Mark Valentine and his firm Thomson Kernhagen & Co. Ltd; and Canadian promoter and offshore investor, Teodisio Pangia. See No Viva in Las Vegas; Infotopia, Inc. – The Professionals - A Familiar Ring; Not Exactly Valentine’s Day; Zero Degrees Of Separation, Part I – North Of The Border; Diamond Discoveries International, Inc. – Are These Diamonds Forever Or Never?

From a public relations standpoint, AuGRID’s timing could not have been worse – even assuming that Rubin did not engage in similar antics with AuGRID shares. On September 30, 2003, AuGRID announced, with unconcealed glee, that Rubin and RIG had paid the Company $1.5 million to exercise common stock purchase options that they had been awarded under two consulting agreements. A Form 13D filed on October 1st revealed that Rubin now owned 200 million shares of the Company – or 36% of the outstanding shares.

We suspect that the joy was short lived. Rubin was arrested the next day.


VISION QUEST

AuGRID may have been hoping that Rubin would help bail it out of its financial malaise. As of December 31, 2002, AuGRID had less than $2,000 in cash, zero operating income, and its auditors were expressing doubt about its ability to continue as a going concern.

By June 30, 2003, (shortly after it entered into its first agreement with Rubin) the bank account had increased to slightly more than $21,000 and AuGRID was claiming receivables of more than $500,000. On the other hand, the Company still had no operating revenues and seemed to receive the bulk of its income from selling its shares.

This has continued to prove true. The Company now says it has raised an additional $1.5 million as a result of Rubin’s option exercise. But the money came at a considerable price – about 36% of AuGRID is now owned by an individual who faces criminal and civil securities fraud charges.

Before it can generate operating revenues, however, the Company will have to establish a viable operating business. How does the Company plan to accomplish that task? AuGRID aspires to enter the growing market for “flat panel display” screens. It claims that the worldwide market for flat panel displays is approximately $9.5 billion, and is estimated to increase to $35 billion by 2005. At last report, however, none of those sales were being generated by AuGRID.

AuGRID’s plans appear to hinge, to a significant degree, on its relationship with CeraVision Limited, a company registered in England and Wales, which agreed to license certain flat panel technologies to AuGRID. Unfortunately, that association appears to be tenuous at best, and non-existent at worst.

In July 2000, AuGRID entered into two licensing agreements for flat panel technology with CeraVision (and its Ireland-based subsidiary). But, there’s a problem. The Company has failed to make required royalty payments to CeraVision, placing the status of the relationship in doubt.

Under one of those agreements, AuGRID was obligated to make quarterly royalty payments of $500,000, beginning with the quarter ended September 30, 2001. The first payment was due on October 7, 2001, two years ago, but remains unpaid. That means that, as of the end of September 2003, AuGRID owed a total of $4.5 million in overdue payments – plus interest at 6% above the prime lending rate.

The Company says that CeraVision agreed to defer those payments because of an ongoing dispute under the second agreement. That second agreement called for the Company to pay CeraVision $3 million to develop “certain flat panel display prototypes and building manufacturing lines for the purpose of producing such displays.” The Company says that it paid the first $1 million, but has made no further payments because of disagreements over the prototypes. According to AuGRID, those payments have been deferred while it explores its options.

CeraVision may not share that view. Stock Patrol contacted CeraVision’s U.S. affiliate and spoke with an individual who identified himself as a company representative. He insisted that CeraVision’s agreements with AuGRID had terminated because of AuGRID’s failure to pay the license fees.

The bottom line seems to be this. AuGRID has not paid CeraVision since 2001 and there is no indication in the Company’s public filings that it has moved forward to resolve the dispute, accept the prototypes, or sustain the relationship and licenses.

Investors can take little comfort from the Company’s evident lack of progress, or its inability to resolve this dispute. AuGRID claims that it intends to begin making the licensed product before the end of 2004, but that, of course, would depend upon the continued viability of the license.

And then, there’s this ongoing problem; as of June 30, 2003, AuGRID had no manufacturing or sales operations in place which would enable it to develop the product.

Although progress may be stalled on the flat screen development front, AuGRID has remained busy – retaining consultants and rewarding them with stock. Who are these consultants, what services have they provided, and how have they been compensated?

We will explore those questions in Part II of this series.



©2003 Stock Patrol.com. All rights reserved.

WE'RE BACK ON PATROL

EPHO also closed very strong today, up about 66% on no news.
Today's increase came on a volume that was a little higher than usual.
I'm watching tonight and before the open tomorrow for some news.

joepcf, OMOG looked very strong at the close.
I have to admit, because I'm gunshy about the Pinks, I didn't even look at it until now.

Their last PR, (Oct 9), was nothing to get excited about and yet, for no apparent reason, it moved very nicely today.

Do you have a handle on what's going on?
TIA