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Green-they didn't "agree" to a public hearing. It's part of their SOP. Ya know, that due process thingee in English and US law.
And yes, they have a slam dunk. They clearly subpoenaed the trading and bank records.
I wonder how long before the first "sting" post? Or the "part of the plan" post?
LOL, abbam. No, "somebody" didn't file charges. The OSC filed charges. This is an official government action against fraud, and they never file them until they are assured of winning them.
Oh please, jr. And did you forget that the RCMP is indeed involved as part of the OSC stock fraud joint operations?
Criminal charges take longer than civil actions, and nothing will be done by Nevada authorities. It's the SEC and possibly the DOJ next in line.
Airys-that's because the notice to business editors from the OSC just went out today. I'd look for a Sunday front pager.
Lotss of people in Ontario probably hold this, and now they can'tg trade it. And unlike the SEC, the Provincial Commissions have the power to extend the suspension order. There are going to be some pissed off investors close to Sulja and Petar land.
nonsense, venom. The money doesn't go to the company, it goes to the OSC. The company can't get rewarded for participating in an illegal scheme to manipulate stock prices and sell unregistered securities.
Shorts-I use info@pinksheets.com. Are you banned on SLJB? If not could you do me a favor and post the link to this post. They are busted big time!!
http://www.investorshub.com/boards/board.asp?board_id=1561
Could someone who isn't banned on SLJB repost this for me. It's hot off the presses:
SULJA BROS. BUILDING SUPPLIES, LTD. (NEVADA),
SULJA BROS. BUILDING SUPPLIES LTD.,
KORE INTERNATIONAL MANAGEMENT INC.,
PETER VUCICEVICH AND ANDREW DeVRIES
STATEMENT OF ALLEGATIONS
OF STAFF OF THE ONTARIO SECURITIES COMMISSION
Staff of the Ontario Securities Commission (“Staff”) make the following allegations:
Parties
1. Sulja Bros. Building Supplies Ltd. (“Sulja Ontario”) is a company incorporated in Ontario in 1987 with a registered office in Harrow, Ontario. Sulja Ontario is in the building supplies business and has been operating in the Windsor area for a number of years.
2. Sulja Bros. Building Supplies, Ltd. (Nevada) (“Sulja Nevada”) is a company incorporated in May 2006, in the State of Nevada with a registered officer in Las Vegas, Nevada. Sulja Ontario and Sulja Nevada are collectively referred to in this Statement of Allegations as “Sulja Bros.”
3. Peter Vucicevich (“Vucicevich”) is a resident of Ontario. Vucicevich is the former Chief Executive Officer of at least one of the Sulja Bros. companies. Vucicevich is also the director and a majority shareholder of Kore International Management Inc. (“Kore”).
4. Kore is a company incorporated in Ontario with a registered office in Windsor, Ontario. Kore has a relationship with Sulja Bros. through Vucicevich.
5. Andrew DeVries (“DeVries”) is an American resident in Texas. DeVries is an associate of Vucicevich and is also affiliated with both Kore and Sulja Bros.
Manipulative Trading of Sulja Nevada Shares
6. Sulja Bros. is quoted on the Pink Sheets, an over-the-counter quotation system in the United States. It is not listed for trading on any exchange or trading system in Canada.
7. From or about September 2004 to August 2005, Vucicevich set up trading accounts at two Canadian discount brokers using employees of Kore and/or members of the Sulja family as nominees (the “Nominee Accounts”).
8. Between August 2006 and November 2006, Vucicevich and DeVries directed trading in the Nominee Accounts as follows: Sulja Nevada shares were received in large quantities into the Nominee Accounts by journal entry from Transfer Online, a transfer agent in Portland, Oregon, and were thereafter sold from the Nominee Accounts. Vucicevich and De Vries instructed the account holders of the Nominee Accounts when to trade, at what price to trade, and how many shares to trade at a given price.
9. The shares were received into the Nominee Accounts from Sulja Nevada’s treasury either directly or through Kore. In both circumstances, the trading constituted a distribution which requires in each instance the issuance of a prospectus receipt by the Commission for the securities of Sulja Nevada or a proper exemption under Ontario securities law. No such receipt has been issued nor have the Respondents demonstrated the existence of a proper exemption from the requirement, contrary to section 53 of the Act.
10. Within the Nominee Accounts, the effect of the trading in securities of Sulja Nevada as directed by Vucicevich and DeVries and as facilitated by Sulja Bros. and Kore, was to maintain a certain share price in Sulja Nevada, resulting in a misleading appearance of trading activity and an artificial price level for the shares of Sulja Nevada in breach of section 126.1 of the Act.
11. The proceeds of the trading in securities of Sulja Bros. from the Nominee Accounts as described above are approximately $7.8 million (US).
Misleading Disclosure
12. Sulja Bros. issued press releases dated August 11, 2006 and August 23, 2006, in which each time it stated that it was negotiating with KPMG LLP (“KPMG”) and PriceWaterhouseCoopers (“PWC”) to handle all future SEC filings and reporting. The press releases further represented that those firms would be conducting an audit of certain transactions and that the audited financial were “upcoming”.
13. Sulja Bros. issued a press release dated September 5, 2006, stating that it has a contract for building materials in the Middle East which will produce annual revenues of $3.5 million.
14. The representations made in the press releases described above are untrue. Neither KPMG nor PWC have or have had any involvement with Sulja Bros. Furthermore, the contracts in the Middle East referred to in the press release dated September 5, 2006 do not exist.
15. Vucicevich and DeVries are responsible for Sulja’s improper disclosure and for the misrepresentations made in the press releases.
16. By issuing disclosure that contained statements that were in a material respect misleading or untrue, Sulja Bros., Vucicevich and De Vries are in breach of section 126.2 of the Act.
Conduct Contrary to Ontario Securities Law and Contrary to the Public Interest
17. The Respondents have issued false press releases contrary to section 126.2 of the Act that misrepresent the business of Sulja Bros. and its prospects.
18. At the same time, the Respondents have traded or have caused to be traded, large numbers of shares of Sulja Nevada to third parties in a manner which constituted distributions for which no preliminary prospectus or prospectus were filed nor a receipt issued by the Director, contrary to section 53 of the Act.
19. The trading directed by Vucicevich and De Vries and facilitated by Sulja Bros. and Kore have created a misleading appearance of trading activity and an artificial price for the shares of Sulja Nevada contrary to section 126.1 of the Act.
20. The Respondents’ conduct was contrary to the public interest and harmful to the integrity of the Ontario capital markets.
DATED at Toronto this 27 th day of December, 2006.
http://www.osc.gov.on.ca/Enforcement/Proceedings/AlphaListing/ep_s_index.jsp
What are they using for a server, a VIC20?
Shorts-Yep. I make it a point to forward every anonymous spam I receive to Pink Sheets, and I suggest that everybody do the same.
I'm sure that it's not just my input, but they have been moving very quickly lately to suspend quotes.
Now, if we could just get the SEC to immediately issue ten day trading suspensions at the onset of spam campaigns.
And you can sell them for what, fung?
LOL, snoop. They are in the same business for sure. Ripping off poor people.
Check their tarrifs link.
Fresh spam! Wild Brush Energy (wbrs.pk). Projected 10 bagger!! LOL
Good Grief, uber. Whatever came over you?
20year-here's another link. Read the Hugh Beck declaration of evidence and perchance open your eyes:
http://jimewescamp.250x.com/raindex1.html
Snoop-TD is not self clearing, so their shares would show up in the CEDE list, or, if it was after the merger, in ATrades clearing house.
Please, snoop. This is a gray market stock. There are no MM's who could short it in the course of making a market, and there sure as hell aren't any retail shorts.
Hog-kinda hard to move to the BB without financials, eh?
Gee, cliff, what a surprise.
goin, hunnybunch-I'll be calling Wyoming tomorrow and asking. I'm sure you can provide the details I need, no?
Pretty impressive, not:
Registrant:
WMD Holdings Group, Inc.
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: WMDHOLDINGS.COM
Goin-here is the list of Wyoming licensed money transmitters. Can you find PYCT or any affiliates there?
http://audit.state.wy.us/Banking/MoneyTransmitter/Wyoming_Licensed_Money_Transmitters.pdf
Goin-what licenses are held by Genfin partners, and who are those partners? The FAQ doesn't seem to mention that, and genfin is virtually internet invisible.
So, goin, I take it you don't want to have a meaningful conversation.
Sure, goin. Why don't you start by telling us what bank they are using as an intermediary. Then lets go on to the question I asked a few posts ago about what value they add.
I'll wait.
Pup-it's also possible that Deli's stuff prompted the SEC to crack down on the TA.
But it wouldn't surprise me if Casavant stiffed her either.
Unknow-that's because they have no banking relationship, and given the background of the principals, and the climate surrounding international money laundering, they aren't going to get one.
Plus, the entire service is worthless. If Juan Gomez has a bank account and I want to send him money, I can do it with a few keystrokes and a click on my online bank account. Why the hell would I need them?
Green-your source, if you have one, is lying. And there are no MM's to "scramble". This is an unsolicited quote stock.
Good advice, shorts. And one can set up a netstock account with a fixed monthly or quarterly investment and buy a diversified basket of those stocks with the automatic reinvestment of dividends option chosen. Fractionable shares are allowed.
If they skip the supersized big macs and exercise modest discipline for twenty years, then they will be rich.
I would avoid novastar, however. It's a sub-prime lender with huge exposure to that deteriorating market. Its dividend is not sustainable.
It's a stinker for sure, 2many. The only red flag missing is anonymous spam promoting it, and that probably isn't far away.
Let's see; if I have a bank account, and the guy to whom I wish to send money has a bank account, what exactly does PYCT add to the equation?
Yes, plasti. As a rule of thumb a DTC of 10 days or so is no big deal, and even if positive news came about the company there would likely be no significant short squeeze. Positive news would increase the volume, and actually help the short to cover.
More on the Wanta wing-nut:
http://thechiefbrief.blogspot.com/2006/12/strange-saga-of-leo-wanta.html
Plastipunk-a one and a half days to cover index would be considered an immaterial short position.
Amusing, vegita, but a metric disaster.
This is interesting:
http://www.quatloos.com/Tax-Forums/viewtopic.php?t=1006817
Shorts-the non-disclosure policy is on a company by company basis at the request of the commpany.
enforceinfo@ssb.state.tx.us <enforceinfo@ssb.state.tx.us>
He's back. I don't know what the latest scam is exactly, but I guarantee he is once again selling unregistered securities. The posts have been removed from his spam sites, but it continues:
Paychest Inc. (OTCF: PYCT)
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By: tsigannos
20 Dec 2006, 10:05 PM EST
Msg. 18270 of 18283
Jump to msg. #
Be apart of winning company :Fat Franks Hot Dog Club
The Fat franks Hot Dog Club was established for people who love hot dogs. At Fat Franks Chicago Style Hot Dogs we make the Worlds best hot dogs! By joining our hot dog club you will receive the following:
" Welcome letter personally signed by "Mr. Fat Frank"
" An official Fat Franks Chicago Style Hot Dogs restaurant apron
" An Official Mustard & Ketchup squirt bottle set with Company Logo
" Club registration verification document
" A "Gift" Certificate from the club (allow 3-4 weeks for processing)
" A "RE~LOADABLE" gift VISA card. Reload dates will be announced via Fat Franks Chicago Style Hot Dogs web site posting
" Membership into the Fat Franks Hot Dog Club message board
To join club:
Send a piece of paper with Your name, age, address along with (12 postdated checks) in the amount of $50 for each of the calendar months in 2007. Example (Jan 1, 2007 $50, Feb 1, 2007 $50, Mar, 1, 2007 $50) to:
Fat Franks Hot Dog Club
314 E. Avenue B
Killeen, TX 76541
Phone: 254-616-1876
Classic scam, shorts. GOIH is one guy who works out of his attorney's office and who is going to create a billion dollar company out of a zero operations shell.
Did I mention that the TA is gagged?
Good thinking, twodollar. They will sell shares for 60 cents on the dollar and use the proceeds to support the market price.
Hello.