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Good w/e everyone
And happy dads day !
EZTO becoming a many faceted entity.
Somethings got to go soon.
MIAMI--(BUSINESS WIRE)--June 9, 2005--EZ2 Companies, Inc. (OTCBB:EZTO), announced today that they have completed a beta version of a dynamic video/flash poker application that will serve as the main program for http://www.EZ2poker.com . This application will allow players to create a more personalized experience while playing online card games with other users around the world using live streaming video to be able to see each others facial expressions.
"We realize that Online gaming sites are one of the fastest growing sectors in our industry and we have been approached by several other companies to build and develop this very unique application for gaming," stated Otto Bethlen, CEO of EZ2Companies. EZ2Poker.com will be going through extensive testing and expects to launch sometime in the next few months.
GIGM 'rested' today
Bit more consolidation needed
GIGM
Yes they are already there and heading for a listing on the UK stock exchange.
Based in Gibralter they are picking up on 'circumventing' the UK's gambling laws succesfully it seems.
They are cash rich with no debt.
Just looking for a new entry and exit point.
Met resistance (hesitance) @ 2.50 last close.(Did .50 the last 2 days)
Hope for a retrace today, but next resistance looks like 3.00
Another point that I think a lot have missed with EZTO is there introduction of EZ2poker.
They are introducing the ability to bring your actual 'poker' face to a virtual table.
I have not been interested in gambling stocks until now.
I dont gamble !!LOL (Yes right he punts pennies)
But have to admit its a hot sector at the moment.
GLTY
Thanks DJ,
Work today?
Would like a look at GIGM charts if possible please.
Made a good run today and hoping for a retrace to get back in.
The numbers look good.
Thanks
Sorry typo,
yep GIGM
thanks
I heard you LOL
So I listened and have to thank you !
Nice
GLTY
Snap
Take a look at GGIM if you can
Its cash rich no debt and will go onto the UK market shortly.
Should have mentioned it yesterday.
Many Congrats Doug,
Mad Bags !?
Please pop in occasionaly to keep us all in line and say hallo.
The best to you.
Great Dusty
LOL
Thanks
S l o w day !
TIC TOC
Yawn yawn
It seems Mr Villabos hasnt got so much expertise as is claimed.
KKD where will it bounce today ?
Krispy Kreme shares sag after loss warning
June 14, 2005 13:49:39 (ET)
CHICAGO (MarketWatch) -- Krispy Kreme shares turned lower Tuesday, a day after the doughnut maker warned that its quarterly filing would be late and would show a loss as well.
Krispy Kreme (KKD, Trade) shares dropped nearly 5%, or 41 cents, to $8.15 in recent action. The Winston-Salem, N.C.-based chain's stock had been crawling higher in the last month from $6.30.
The troubled company said a 17 percent dive in sales to $153 million would lead to a loss for the fiscal first quarter. However, it will remain unclear exactly how deep the results fell into the abyss until the company completes its regulatory filings.
At this point, Krispy Kreme said it is still picking through accounting practices surrounding certain transactions and won't be able to file its quarterly report on time for the three months ended May 1. In fact, the company hasn't filed a report since September as it looks at restating results from 2004 and 2005.
The quarterly loss is a surprise to Wall Street, which had been expecting a profit of a penny a share, according to the average reached at Thomson First Call.
However, Krispy Kreme has seen sales and earnings plunge amid the double whammy of changing consumer eating habits and the high price tag to cover legal and regulatory issues related to probes of its accounting practices.
The SEC, for instance, is still investigating possible accounting irregularities related to the sale of certain franchise operations back to the company.
June 13, 2005 (FinancialWire) The counterfeit securities demonstration this past week in Washington and New York were not massive, but the organizers are satisfied enough that they are planning another, this time targeting the Depository Trust & Clearing Corp., set for July 29.
The protests are over what several U.S. Senators have called the failure of the SEC to stop illegal naked short sales in stocks such as Novelis (NYSE: NVL), Martha Stewart Living Omnimedia (NYSE: MSO), Infineon Technologies (NYSE: IFX) and Calpine Corp. (NYSE: CPN).
“We made a big impact on our government and on Wall Street with a small group of protesters this last Monday and Tuesday, we are planning a very large rally in front of the DTCC with hundreds of shareholders from several companies that have been devastated by naked short selling crimes”, stated Hugo Cancio of Fuego Entertainment.
Counterfeiting anything of monetary value in the United States is illegal. Yet shares of stocks involving hundreds or even thousands of companies are counterfeited on a daily basis without penalty, the organizers stated. “This crime affects everybody in America. The counterfeiting of stocks is costing our country in many ways; jobs, retirement accounts, college fund savings, 401K’s, rising inflation and all kinds of ways that the general public is not aware of.”
Fuego is filiming “The Counterfeit Conspiracy” documentary.
The “National Counterfeit Conspiracy” event is profiled at http://www.americaneedstoknow.com/DC_trip.htm .
Meanwhile, a stock transfer agent, Transfer Online Inc., has asked U.S. Securities and Exchange Commission Chair William Donaldson to put a stop to the control the Depository Trust & Clearing Corp. and Automatic Data Processing (NYSE: ADP) are fast gaing over the transfer business, and to demand DTCC transparency.
Excerpts from the letter, posted at http://www.faulkingtruth.com/Articles/LettersToEditor/1012.html , states
The letter to Donaldson and to market regulation states: ”“Over the years as the amount of shares held at DTC has increased it has become more and more difficult to determine who owns the shares, who is trading them and if the trading is proper. This trend, and the resulting problems I will detail below, continues to increase because a minority of the total number of shareholders are reflected on the books and records of the corporation, most activity takes place behind the wall of ownership that is designated as Cede & Co. and neither the company nor the transfer agent has any access to the underlying information.
“Furthermore, DTC recently managed to put through a rule change (Release No. 34-50758A; File No.S7-24-04) that prohibits a transfer agent from representing any company who seeks to withdraw from the DTC system. This change effectively leaves companies with no voice or choice in the management of their stock and their ability to have any transparency as to what is actually taking place in the market in regard to their stock.
“I receive calls from companies seeking information as they watch millions of shares trade in a single day, who watch their share price decrease in value and who have no access to information regarding who is behind the trading of these shares, or if in fact the trades are at all legitimate. As the system now operates, most companies have a large percentage of shares on their books registered to Cede & Co.
“Given the importance of shareholder voting and communication one would assume that the same requirements placed on transfer agents as to accuracy and reporting would be placed on ADP and Cede & Co. as they usually hold or service the majority of the shares owned in any given company.
“I have found; however, that when presented with the tabulation reports from ADP the share totals they report sometimes exceed the total number of shares outstanding for the company. Let me restate this because it is a very important part of my concern about a system that is more and more headed in the direction of increased control by DTC. The shares presented by ADP, that are the shares voted by the brokers on behalf of the shareholders for whom they hold accounts, EXCEED when added to the shareholders of record the total number of shares outstanding.
“Where are these extra shares coming from? Why are there no controls on the number of shares held in the nominee name Cede & Co. vs. the ownership on the books and records of the brokers and why is the company not privy to any information unless it pays whatever fees it is told it must pay by the organizations that control the data?
“In fact, as the system is evolving, DTC is de facto becoming the largest transfer agent in the industry even though it is an organization formed by and working for the interests of the brokerage community. If, ultimately, the S.E.C. is in place to protect investors then this issue can not be ignored because in the end when the market is completely under the control of the brokers and the organizations that represent them then the market can neither be transparent nor fair.”
In other Stockgate news, Senator James Talent (R-MO), has joined U.S. Senators Richard Shelby (D-AL), Susan Collins (R-ME), Robert Bennett (R-UT) and Richard Durbin (D-IL) in questioning U.S. Securities and Exchange Commission Chair William Donaldson about what they call the “failure” of Regulation SHO to curtail unlawful, predatory securities trading.
The current Senate line-up carries significant heft. Senator Collins is chair of the Homeland Security and Governmental Affairs committee, Senator Shelby is chair of the Senate Banking Committee, Senator Durbin is Assistant Democratic Leader and Senator Bennett is Republican Whip. The Senators’ letters are posted at http://www.americaneedstoknow.com
“Stockgate Today” publisher David Patch said that the Senators have 23 good reasons, citing that many companies, including Martha Stewart Living Omnimedia (NYSE: MSO), Delta Air Lines (NYSE: DAL), Krispy Kreme (NYSE: KKD) and Netflix (NASDAQ: NFLX), that remain “not settled” on the official threshold lists maintained by the New York Stock Exchange and Nasdaq five months later.
“Stockgate Today” is published at http://www.investigatethesec.com . The Senators’ letters to shareholders and the SEC are posted at http://www.americaneedstoknow.com
Patch said that most of the 23 companies hardest-hit by unlawful stock manipulations in full sight of market regulators, including those at the SEC, such as Annette Nazareth, head of market regulation, who belittles complaints as coming from those who “want to see their stock go up,” have had double-digit declines in stock valuations over the 94 days they have been on the highly-public list.
He also noted that in the March, 2005 Euromoney Magazine article on illegal naked short selling, Head of Market Regulation Annette Nazareth’s assistant, James Brigagliano said that prior lawbreakers were “grandfathered” because “we were concerned about generating volatility where there were large pre-existing open positions, and we wanted to start afresh with new regulation, not re-write history.”
“So does Ken Lay, but he can’t,” retorted Patch.
This disputed “grandfathering” has not yet been taken up by Congress, but the 23 companies on the threshhold list for over days are new transgressions, and presumably they can’t be dealt with either because Nazareth and Brigagliano are concerned about “generating volatility.”
Also, in a blockbuster event almost equal to the mysterious “postponement” of the announced expose of the Depository Trust and Clearing Corp. by General Electric’s (NYSE: GE) “Dateline NBC,” the U.S. Securities and Exchange Commission has inexplicably given the DTC’s National Securities Clearing Corp. “immunity” in the form of limited liability for willful misconduct or violations of Federal securities laws.
The Notice regarding the SEC’s action is at http://www.nscc.com/impnot/notices/notice2005/a6029.pdf
These and other events, including the proposed nomination of Director of Market Regulation Annette Nazareth, who has characterized opponents of illegal market manipulation as people “who just want their stock to go up,” to become a Commissioner, is providing more and more fodder for the organizers of public demonstrations and lobbying in Washington June 6 and in New York June 7. The organizers, who are filming a documentary, say demonstrators now number over 600.
Some legal experts are questioning whether the SEC, without the approval of Congress, has the authority to limit the NSCC’s liability. There have been similar questions about the SEC’s authority to unilaterally “grandfather” securities violations prior to Regulation SHO.
The new regulation is sure to be litigated since the DTCC and the NSCC were the subject of lawsuits claiming their “stock borrow program” is illegal counterfeiting, prior to the rule approval by the SEC.
The DTCC has also admitted to interfering with the media in impacting the distribution of FinancialWire on Yahoo (NASDAQ: YHOO) and elsewhere through malicious interactions with Investors Business Daily. The “Important Notice” from the DTCC regarding the NSCC demonstrates that the entities are a “self-regulatory organization” under the auspices of the SEC, which ramps up the media interference to First Amendment violations. FinancialWire’s counsel, Marshal Shichtman, Esq., is returning to the U.S. today and will be reviewing the new evidence.
The DTCC said that the “approved changes create a uniform standard limiting NSCC’s liability to direct losses caused by the NSCC’s gross negligence, willful misconduct, or violation of Federal securities laws for which there is a private right of action.”
In addition, the organization stated, “the changes memorialize an appropriate commercial standard of care that will protect NSCC for undue liability, permit the resources of NSCC to be appropriately utilized for promoting the accurate clearance and settlement of securities, and are consistent with similar rules adopted by other self-regulatory organizations and approved by the Commission.”
The DTCC had asked for the rule December 8, 2004. It is not known how the proposed rule slipped through the cracks on the public and Congressional levels prior to the approval.
The National Coalition Against Naked Shorting stated that the action was sought and approved hastily because “they have been willfully violating securities laws for years, know that it will come out in court, and want to have a piece of paper to fall back on,” adding that it corroborates “the theory that the stock borrow program violates a host of securities laws, that the NSCC knows it, and that they have been counterfeiting stock for years and just now are starting to catch on to the idea that they will get caught.”
Nazareth was quoted in February in the New York Times (NYSE:NYT) as “doubting” that threshold companies such as Overstock (NASDAQ: OSTK), Martha Stewart Living (NYSE: MSO) or Novastar Financial (NYSE: NFI) were being “manipulated,” and that victims of illegal naked short sales are simply people who want their “stocks to go up.”
She said those who complain of their losses to illegal trading activity have an attitude that “it’s a criminal conspiracy when stocks move the wrong way, and the government should do something about it.”
“What is criminal,” said one who believes Nazareth’s appointment, so far championed by U.S. Senators Charles Schumer (D-NY) and Harry Reid (D-NV), would be disastrous for small investors who someday expect justice and a fair playing field in the markets, “is that someone could be in a position of authority at all with this kind of anti-investor attitude.”
EZTO
How did you do that Rigs?
No sooner mentioned than its puts on a p.
And its been in the wilderness for a month.
News ??
Too modest
That was good and highly selective TA
Pity it had left the station before I could get on.
GLTY
Gotta say this because neither rigs or EZ will but
but ...quite a lot of us got a heads up from EZ the day before
Whoever it was (and I suspect their was some joint confirmation0.
Thanks to you both for sharing with us.
GLTA.
Good call on VVUS BTW Snap
You seem to have been unique in spotting that.
NEW
There are some excellent TA Guru's on the GTE/TA board BTW
PBLS
Great call EZ
Learning to have fun with this.
Have a good w/e EZ and all
Urricane season !!??
Thanks
Lets look for the retrace.
I know you'll find another if not.
Thats the thing about this
Always one around the corner.
Just spotting them as you did.
You have a mark from me .
Where's Mac BTW?
ASTIE MAc
Holding well
Humm
Please give us the heads up on FUEL Monday.
Could be interesting again next week.
Have a good w/e
Always.
chuckle (LOL)!!
Used to go on that 'Sun over the yardarm thing'
But that was when I could actually climb a mast !!
Ahh thats nice
Just put the Jimmy B on.
Cant have the Margarita without the Buffet !!
Have a good w/e all
Thanks coy
but I gotta say this was EZ tradins 3 days ago.
It doubled yesterday and might do it again come Monday.
Got back in on the retrace.
Do do your own DD but this seems to be way undervalued.
Just play a few thou or watever for fun.
Thats a plan.
Going for the first M now
Would two be an MM ?
Did you get into Fuel BTW?
Siesta time.
Or is it Margarita time.
Hummm
Expecting it to run again PBLS
In again @0.95
PBLS added too
PBLS added too
ASTIE up 5 Mac.
Still holding a few here.
Is the E anticipated to come off soon ?
Thanks for the chart
I'll shed a few here and hold some into next week.
I think (hope) it could be its recovery northward.
Snap what are your thoughts on BWDI
Appreciate the input
Only news seems to be change of management.
But appears undervalued considerably.
FUEL
Congrats Snap,
Got it again.
Did you get in?
Humm though
EZ was looking for a move nigh to .15.
Looks like its had its breakout from your chart?
It doubled today and then NITE came on !
Put it back down to 50% on the day
Story is that its asset rich and has just paid of a 3.5M debt (yet to be shown.)
BTW
Thanks for what you guys do for all of us !
FUEL
Yes you had that one nailed yesterday.
Still looks good though Snap
Thanks Snap
I did think of altering it to
'You can use your own balls'.
But there are ladies around LOL
Humm that ASTIE chart s looking interesting.
It was great that Mac picked up on it from a distance too.
I'm impressed.
I check in with you guys every day but am still learning and not yet confident enough to give any predictions.
Take a look at PBLS though.
Should run again tomorrow I hope.
One of EZ and Rigs
ASTIE
Thats great thanks.
Been nursing some for quite a while.
Very stagnant until this week as Mac said.
Lost 1/2 @.29 for a small profit today just too liquidate.
I'll hold the rest a bit longer now.
Sure kept firm on .20 for ages.
Could be interesting.
Thanks for the posts and charts on this.