Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
hmmm, seems I have been drafted?
regards,
danny
following it?
i think i wrote half of it.lol
regards,
danny
In respect to the NPCT/Thomson Kernaghan lawsuit this is a little info on whats happening at the legislative level in canada.
Offshore accounts revealed
Survey uncovers 13,000 brokerage accounts in 23 blacklisted countries
Theresa Tedesco, Chief Business Correspondent
Financial Post
A national survey by the country's major provincial
securities regulators has uncovered about 13,000
offshore accounts in 23 blacklisted countries held
at Canadian brokerage firms.
The surprisingly high number of accounts has
reinforced the regulators' campaign to crack down
on the use of offshore accounts in secretive
jurisdictions.
The survey, which is expected to be released as
early as today, suggests that 11,500 of the
13,000 accounts held by the 194 investment
companies registered with the Investment Dealers
Association are concentrated in Ontario, the
country's largest capital market.
These offshore accounts held in the 23 havens
blacklisted by the Organization for Economic
Co-operation and Development represent fewer
than 1% of all brokerage accounts held at
investment firms in Canada.
"It may appear a small percentage of the total but
what is troubling is that these accounts are all in
non-co-operating jurisdictions," said an industry
official who asked not to be named.
"Let's face it, people are setting up these
accounts for the purposes of avoiding some
aspects of Canadian law and every one of these
accounts has the potential to be a problem."
Almost all of the Canadian firms responded to the
securities' regulators' request for information with
lists of accounts in havens on the OECD blacklist,
but the data indicates they are particularly prevalent in mid-to small-sized firms, accounting for
between 4% to 6% of their overall business.
As well, the offshore accounts are spread across a number of countries ostracized by the
OECD, most notably Switzerland, the Bahamas, Turks & Caicos. There are a surprisingly large
number in Egypt.
The average value of the transactions in these accounts is said to be anywhere between
hundreds of thousand and millions of dollars, significantly higher than in most other brokerage
accounts.
Canada's four major securities regulators have been pushing the country's brokerage houses
to stem the abuse of offshore accounts in the world's tax havens, saying they are widely used
for insider trading, stock-market manipulation and other breaches of securities laws.
Offshore accounts -- with the high degree of confidentiality they promise clients -- have long
been an obstacle to Canadian securities regulators in investigating irregularities and illegal
activity.
"In virtually every major securities transaction that appears to violate our laws, we find a part
of it is conducted through offshore accounts," said Brian Butler, manager of investigations at
the Ontario Securities Commission in a recent speech. "The heart of the problem of offshore
activity lies in the ability of people to use the laws of foreign jurisdictions to circumvent our
own laws." Added Jean Lorrain, director of compliance and enforcement at the Quebec
Securities Commission: "We've had investigations held up because we can't get behind these
accounts."
Last October, securities commissions in British Columbia, Alberta, Ontario and Quebec
compelled brokerage firms operating in those provinces to provide a list of all accounts they
operate in the secretive jurisdictions blacklisted by the OECD. While the identities of the
beneficial owners of the offshore accounts -- those who have a financial interest in them --
were not sought as part of the survey, regulators are convinced that many of the accounts
are being used by members of the financial-services industry to break the law or bend the
rules.
"We have a real concern that a huge percentage of those offshore accounts in fact belong to
people who work a few feet away from this office," said Michael Watson, director of
enforcement at the Ontario Securities Commission when the campaign began.
"We are concerned that this is pervasive," added Sasha Angus, the director of enforcement in
British Columbia. "So rather than base this assumption on anecdotal evidence, we want data
to see if this is true. All we're doing is collecting information. You can't set meaningful policy on
anecdotal evidence."
A senior source formerly employed at a major Canadian investment firm concurred. "Normally
in Canada, brokers are supposed to report all their trades to their employer. However, they
get around it by opening up offshore accounts with secrecy rules, and they simply trade
through that account. Lots of brokers do it."
Documents obtained by the Financial Post appear to support this allegation. The confidential
documents reveal that as many as 250 investment analysts licensed in Ontario and Quebec
are registered as the beneficial owners of offshore accounts held at a large Canadian financial
institution that has operations in the Bahamas.
The brokers, who are employed at 37 Canadian investment firms, have hundreds of offshore
accounts for their own trading purposes. For example, two brokers each had 93 accounts
registered in their own names.
"There's a lot of undisclosed trading that's going on by people who are either directly or
indirectly involved in the industry and who are able to direct what's going on," says a
regulatory official who asked not to be named. And according to a source familiar with the
survey results, "nothing that came out in the data suggested that brokers are not the owners
[of the accounts]."
For now, the four securities commissions intend to use the survey results as a deterrence
mechanism by helping to bolster their regular risk-based compliance reviews at individual
firms. These routine audits help staff at the securities commissions monitor and assess
registrants and their operations.
Ultimately, the securities commissions want to use the data as an enforcement stick to force
brokerage firm to lift the veil of secrecy and provide the name of the beneficial owners of the
accounts when called upon during an investigation.
To that end, they have secured a legal opinion from Gowling Lafleur Henderson LLP, a Toronto
law firm, outlining how far the securities commissions can push the industry to toughen its
know-your-client rules. "We can't set the rules in these offshore havens because they're
aren't in our jurisdiction, but we can structure the laws here so that foreign laws can't
circumvent ours," says Mr. Watson. "Canada has to accept some responsibility for the
reputation it has of being a haven for dubious activity within its marketplace."
ttedesco@nationalpost.com
regards,
danny
I copied this from another board.
It is a translation of a german article about in part Simotech.
First there is a description of Simotec's machine. Then comes the part which is interesting for us:
'The company has just developed a machine which can treat and sort (assemble?) light emitting diodes (LED) in a single step for lightmanufacturer Osram'
'For a month now, Infineon has been producing paperthin stickers, into which a memorychip and an antenna are integrated with a microassembly module from Simotec'
Then future revenues are estimated. Revenue for 2002 is expected to be around 4 million Euro which means sales of up to 20 machines which are priced starting from 270,000 Euro. For 2003 revenue is even expected to triple.
If this doesn't spell it out then what does?
regards,
danny
bull,
You seem a little nervous.
regards,
danny
bull,
I will post to anyone I want anytime I want.
Your money is allready mine.
regards,
danny
Matt,
Bull just stated he has never said what stated he said while he repeated it in this post.
Even though I believe that NPCT is a company that exists to sell stock to innocent and unsuspecting "investors", I never called it a fraud. Nor did I ever call the CEO a liar.
These people are here to spread leading inuendo only.
Did you see him duck any hard questions about how financing might affect the future of npct?
Why would he?
Because he is not here to talk about any possible positive events or their outcome.
His agenda is clear.
Even though I believe that NPCT is a company that exists to sell stock to innocent and unsuspecting "investors", I never called it a fraud. Nor did I ever call the CEO a liar.
regards,
danny
ok bull, here it is as you requested on the jail board and it was here a few days ago to.
you just missed it right?
your responce will be some cut and pastes in italics with leading questions right?lol
Matt,
At this point all there is to do is wait but in the mean time I will attempt to post something of value.
I have followed this company very closely for several years now.
I also watch the semi market very close as well as the ipo market.
There is plenty of cash in the system for startups and the ipo market is showing signs of life as well.
It is my understanding from statements made by the ceo that the company is looking for around ten million dollars.
Our friend bull has attempted to make this a dilution issue that is much more adverse then it should be.
Lets take for instance a funding is done at a twenty five percent discount to an average market price.
This is the current best rate I have seen used.
The worst rate would fall around thirty five percent but I am using the best rate I have seen and it was given to a company in much the same position as NPCT. see Samsys Technologies. v.smy
Using twenty five percent that would put the conversion at around a $1.04 using the last five days give or take a nickel.
That would put the share to dollar conversion at around 9.6 million shares given for ten million dollars.
That works out to aproximately a 16.5% dilution to outstanding.
I do not find this a "scary number" but perhaps I will hear differant.lol
Now this is assuming that the parent company is the one giving up the shares.
The ceo states that they are attempting to sell a stake in one of the new divisions as opposed to using the parent companys paper.(NPCT)
If this happens then the effect on the per share value of NPCT is much milder.
Now if the share price goes higher then the dilution goes lower.
My position is that this company will get funded or allready has a funding promised hence the going concern being removed.
This is an unverifiable position so all I can do is wait and see what happens but I do believe whole heartedly that things will move forward very well.
regards,
danny
bull, and I mean that literally,
You never responded to this post.
I wonder why?
Guess you just can't take the heat.
Matt,
At this point all there is to do is wait but in the mean time I will attempt to post something of value.
I have followed this company very closely for several years now.
I also watch the semi market very close as well as the ipo market.
There is plenty of cash in the system for startups and the ipo market is showing signs of life as well.
It is my understanding from statements made by the ceo that the company is looking for around ten million dollars.
Our friend bull has attempted to make this a dilution issue that is much more adverse then it should be.
Lets take for instance a funding is done at a twenty five percent discount to an average market price.
This is the current best rate I have seen used.
The worst rate would fall around thirty five percent but I am using the best rate I have seen and it was given to a company in much the same position as NPCT. see Samsys Technologies. v.smy
Using twenty five percent that would put the conversion at around a $1.04 using the last five days give or take a nickel.
That would put the share to dollar conversion at around 9.6 million shares given for ten million dollars.
That works out to aproximately a 16.5% dilution to outstanding.
I do not find this a "scary number" but perhaps I will hear differant.lol
Now this is assuming that the parent company is the one giving up the shares.
The ceo states that they are attempting to sell a stake in one of the new divisions as opposed to using the parent companys paper.(NPCT)
If this happens then the effect on the per share value of NPCT is much milder.
Now if the share price goes higher then the dilution goes lower.
My position is that this company will get funded or allready has a funding promised hence the going concern being removed.
This is an unverifiable position so all I can do is wait and see what happens but I do believe whole heartedly that things will move forward very well.
regards,
danny
bull,
I do not believe that you are paid to investigate companies and post your findings.
I believe you do it as a hobby and that you enjoy it.
Only you know the real truth. So why respond to posters that are posting lies? Why don't you simply ask them to prove it?
I have proven her wrong over and over and she just keeps posting the same lies over and over.
Nothing more than inflamatory rhetoric just like yours at the npct board here where I proved you wrong as well.
You two have an agenda plain and simple and I will not let you damage any more innocent investors.
regards,
danny
Nasdaq operates the otc.
its that simple.
regards,
danny
Schneider Securities, Inc. Initiates Coverage on NanoPierce Technologies, Inc.
DENVER, Feb 21, 2002 /PRNewswire via COMTEX/ -- Schneider Securities, Inc.
initiated coverage on NanoPierce Technologies Inc. (OTC Bulletin Board: NPCT)
with a speculative/Buy rating.
Information and statements contained herein, other than historical information,
should be considered forward looking, which involve risk and uncertainties.
Schneider Securities Inc., its officers, directors and affiliates may maintain
positions in the securities referenced, which may change at any time without
notice. Schneider Securities, Inc. is a Market Maker in these securities. The
securities referenced are speculative in nature and may not be suitable for your
investment objective. Additional information is available upon request.
Schneider Securities, Inc., is a member of the National Association of
Securities Dealers, CRD number 16434.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X85224624
SOURCE Schneider Securities, Inc.
CONTACT: Jim Creamer of Schneider Securities, Inc., +1-303-221-4060
(NPCT)
Willy,
Actually that figure is around 300% since spring but why split hairs.lol
Money talks right?
enjoy,
danny
Matt,
At this point all there is to do is wait but in the mean time I will attempt to post something of value.
I have followed this company very closely for several years now.
I also watch the semi market very close as well as the ipo market.
There is plenty of cash in the system for startups and the ipo market is showing signs of life as well.
It is my understanding from statements made by the ceo that the company is looking for around ten million dollars.
Our friend bull has attempted to make this a dilution issue that is much more adverse then it should be.
Lets take for instance a funding is done at a twenty five percent discount to an average market price.
This is the current best rate I have seen used.
The worst rate would fall around thirty five percent but I am using the best rate I have seen and it was given to a company in much the same position as NPCT. see Samsys Technologies. v.smy
Using twenty five percent that would put the conversion at around a $1.04 using the last five days give or take a nickel.
That would put the share to dollar conversion at around 9.6 million shares given for ten million dollars.
That works out to aproximately a 16.5% dilution to outstanding.
I do not find this a "scary number" but perhaps I will hear differant.lol
Now this is assuming that the parent company is the one giving up the shares.
The ceo states that they are attempting to sell a stake in one of the new divisions as opposed to using the parent companys paper.(NPCT)
If this happens then the effect on the per share value of NPCT is much milder.
Now if the share price goes higher then the dilution goes lower.
My position is that this company will get funded or allready has a funding promised hence the going concern being removed.
This is an unverifiable position so all I can do is wait and see what happens but I do believe whole heartedly that things will move forward very well.
regards,
danny
right littler one.
regards,
danny
you havent made any.
regards,
danny
you doubt the wrong fella littler one.
regards,
danny
oh jeezz,
what does t/k mean?
pour it on a little thicker will ya?roflmao
regards,
danny
OK so you are just a saint here to save all us little ones right?
what a joke.
i think the folks over at Enron need saving or maybe you can get out in front of Tyco and save a few of them.
regards,
danny
make a point worth addressing and i will prove you wrong.
regards,
danny
up up and away with your money!lol
regards,
danny
i am paranoid?
t/k is being sued for 300 million dollars and mary shows up and i am being paranoid?
t/k uses the courts to try and bankrupt companys that they are alleged to be short and i am paranoid?
i am supposed to believe that you are here for my benefit?
spare me.
regards,
danny(little one)
bull,
i am an individual investor in the U.S. that can walk across the border and open a canadian account just like you and short any stock i want to.
i have never done this but i do short listed stocks often using a U.S. account.
shorting is only a problem on penny stocks where manipulation by use of these silly boards can become an influential factor.
this is why you are here imo.
i have never posted on a board that i did not have a stake in.
why would anyone?
your stake is clear.
regards,
danny
thats where you are wrong little one?
what the hell was that?
you think i just fell of the turnip truck? roflmao
i have been around this stock and many others for a long time.
maybe you are not mary afterall.
she knows better then to argue with me since i prove her wrong time after time.
regards,
danny
bull,
i have been warned by dozens of bashers.
guess what?
i am way up here despite t/k and so called saints like you.
regards,
danny
my ignorance?
its the ignorance of innocent investors that you are preying on with scary sounding posts.
you are nothing more then a shill for t/k and would not be here unless they were sweating bullets.
turn off cookies, use a split hard drive with operating system, use a second computer, its not hard.
regards,
danny
anyone can short penny stocks if you feel like putting out the effort to go to canada and set up an account or if you allready live there.
or if say you are part of a hedge fund operating out of canada?
regards,
danny
ok if this isn't mary then who else could it be?
You don't really need to know why I am here, just thank me.
yea there are lots of people who sold at npct at .50 cents thanking mary.
regards,
danny
Will the real Mary please stand up?
where am i wrong?
the shoe fits.
regards,
danny
bull,
scare tactics are useless on me.
using me to repeat those scare tactics does not bother me either.
cut and paste till you are blue in the face.
you won't like when i start cutting and pasting.
by the way that garbage about isp's mean nothing?
spare me the lies next time.
i know how to do it and so it do you mary.
regards,
danny
bull,
First your use of the company figures for burn does not allow for one time purchases of equiptment etc...
Take out the one time purchases and that 1.8 million could easily last till the end of the year.
Don't tell me you simply forgot to factor this in did you?
Second, isp's are a dime a dozen.
I could post here under three dozen alia's and Matt would never know the differance.
Third, the use of shares for funding is dilution but so what?
Growth is not possible without dilution in the markets.
Growth generates profits/revenues which increase share price.
That is the point isn't it?
As far as the Enron comparison you made for shock value?
What you are saying is that after Enron this company found an accountant to sign off on a fraudulent audit.
How foolish would those accountants have to be?
I guess they just don't watch the news.
You sound like mary, carry the same theme as mary, so whats the differance if you are not mary?
You are still mary.
regards,
danny
Bull,
The real question is not how long will they make it without more funding but will they get more funding.
The answer to the question in my opinion is that there is a line of people willing to fund this company.
There are very few high growth stocks left in this market and plenty of cash available for funding.
There is no reason this company can not tap into that market.
Your estimation of the end of March is foolish enough to make me believe you are just another alias for mary.
She is the only one who would make such a far out claim for shock value that I have run into on this stock.
regards,
danny
Mary,
I never did thank you for that email by the way.
It motivated me to buy heavily at .70 cents.
regards,
danny
Mary,
Why don't you repost the email from Infineon.
You know the one where it says Nanopierce's tech has value?
regards,
danny
Sara,
Nano is going into led's and wafer's right?
The differance is two completely differant sectors of the semi business.
Actually I am not even sure if led's are considered semi's but they are very close imo.
The better the chance for a quick positive return can be shown for potential backers the better.
There is plenty of capitol out there for investments but it has to the best place at the best time to get the dough.
Nanopierce fits that category to me and others but Nano isn't asking us for millions of dollars.
My best analogy is why open a lemonade stand(investor conferance) if you don't have any lemonade to sell?
I think they have squeezed the lemons now and just need some sugar.
Sorry about the euphynism's, I am a redneck.
Regards,
Danny
sara,
congrats!
I hope you picked the right price.lol
this is going to a wild ride.
Personally i think the coup de grace(spelling?) is going to be a letter of intent from a wafer fab.
This company is going to need something to take to the investor conferance in march.
They have one from the taiwan led company allready but a wafer fab would be icing on the cake.
I am truly looking forward to the coming month.
regards,
danny
sara, jim,
infineons plant in germany is allready up, the 300mm wafer plant went on line on schedule.
enjoy,
danny
Hello sara,
how are you?
i would buy back if i were you, hate to see you miss out on whats coming???
regards,
danny
Diverdan,
I have a Taurus .38 five shot in stainless without a hammer that I have carried due to my work and cash deposits.
Its a little heavy but I feel very comfortable with it.
It is my prefered handgun at the moment.
I had to have the action cleaned up at the local gunsmith but it didnt cost much for the gun or the work and I'm happy.
regards,
danny