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Tell what?
Expar.
Try gettin your mind around the ability to create stock. If deals that went south involved stock as payment, look there. If the exes paid themselves with a sht load a stock and dumped it then ya got more ta bore into. That's not always bad but it attracts a certain type that loves the ability to create money outta thin air. A convertable note can also be used ta line your pocket. It's all about the dudes runnin the show. It's a tough business climate. Intent is everything.
Your right and wrong stoxx.
Encompass has been and is funded by NIR. They seem to have a different relationship these days. They also could have a huge effect on NIR. They are one of a few companies that will look NIR in the eye and say "this will fly and that won't" and mean it. Some interestin things are happenin at Encompass which involves NIR. I'll post on their board about it as I told JJ. If he wants facts he'll read. If not he'll post here for you guys. I don't really care. Pay attention to what I've said about Envision Capital. They are part of the NIR past that NIR wants gone. Envision was involved in much of the negetive you dudes write about concernin NIR. The last thing Envision wants is ta tangle with Encompass and NIR. I'm waitin because it may happen if Envision is lookin for it. Could get interestin or could just fade away. Envision did some things and said stuff that pssed off the wrong dudes. The have a long memory, trust me on that.
I'll give ya more on that
on the Encompass board as soon as I get 15 mins ta write. I've got a pretty good pic on that after readin an ass load a PACER docs and about 15 emails. It's another Goldenburg thing. It aint over yet but ya can bet your ass it will be soon. Ya have no idea about the dudes ya diss and what they're capable of and how they get it done. What you think as run a the mill OTC dudes is 180 off. It would be time well spent on your part ta get the clear pic dude.
I'm going to tell ya ta look
at the Nevada Secretary of State site. Look up Nacio Systems Inc. and we'll talk again.
Tell ya what JJ.
Go over to the Encompass site and give me your best shot at what's goin down at ecmh bright boy. I'll give some real info right up tell today. I've been outta touch on this rag but have been studyin PACER docs and writin emails. Let's start with Goldenburg and First Colonial Ventures up to today facility instead of gettin in ta the fray.. I'll show ya who's kickin ass and takin names for the next go around. If you or Envision Capital wanna enter that battle if sure you'll get welcomed with open arms. In fact they're waitin for ya ta act so they can do what they do. Tour big talk aint gonna mean sht when the punches start flyin. I'm bettin ya stick with sneekin around the ecmh. So go on over to the Encompass site and write what ya know and think. I'll reply with some interestin stuff on Goldenburgs latest attempt with Nacio after the new sheriff ran his ass outta town. Did that need to be done JJ or did ya like it better in the old days when ya could play your game. Bring on Envision Capital with the Noveshen opinion too. That will make it even more fun.
JJ, yo got dumb down dude.
Did Goldenburg give it to ya in the First Colonial days? Ya wanna talk ecmh, lets do that. Ya wanna talk the background a the dudes in the drivers seat now, let's do that. I heard a funny story about your last visit to their place a business, ya wanna talk about that? You're an idiot dude. Ya never have gotten a handle on your fixation. Ya just rant about nonsense. Stoxx just aint up on ya yet. woog has ya made early. I'm kinda proud of Mr. Woogie today. If ya have time ta help us all understand things give us the lowdown on Envision Capital and Eric Noveshen. Thats NIR related buddy. At least it was. You like walks down Memory Lane. This should be enough ta get ya spittin and stammerin.
Some are and some aren't Woog.
JJ's fixation is on a company that won't play the game like most. All this talk about shortin is pretty interestin. Some here understand the game and how lawyers can say "my client has never shorted" and actually be tellin the friggin truth. Any CEO with a friggin IQ above 80 could stop converting shares and tie NIR up for a couple a years. If they don't give a rat's ass about their shareholders they can come out of it smellin great. Some lay it out a say this is what I'm gonna do and not do and mean it. Get ta know the mind set of your CEO's and watch the short position. You and stoxx seem ta think there are very few ass kickers dealin with NIR and their like. That's generally true but there are some they won't wanna tangle with. So ya see notes come due and nothin happens except it gets extended. Robotsky may look like Fred flintstone but he's no dumb fk. He'll play hardball until it aint the game ta play.
Broad equity sittin on the siderins?
Where do I sign up?
What happened to poster 68?
The dude got conned by NIR broker Eric Noveshen or so he claims and had a friggin question. Looks like BSWB who's just now readin about the "Rumble in Roslyn" deleted the dudes post. Just shows ya the dude sees what he wants ta see in posts and misses the frigin meat.
No I wouldn'd.
SLMan isn't an idiot.
"And did we see how the Tuccis, who had to sue to redeem their NIR investment, suddenly settled for no payment? I guess Corey has his russian mob buddies apply a little pressure..."
A couple a months back I posted a bit on my background and ability ta walk around Brighton Beach and get high fives at every corner. I think that post was on Ragin Bull. Point is ya don't have ta worry much about the Russian Mob helpin NIR. NIR probably has more ta fear than some NIR investor family. Jhewish lawyers are the ones. They don't break heads, they tie up assets.
My MO?
You know better than that. I step right up and say what I got ta say as PD. Sorry buddy, it looks like some new dudes came to the party and they brought beer. Gotta love those kind a dudes. I like em. Like em a lot. A dude that goes back to the 90's boiler room sht and Allie Shades. I'm surprised he doesn't have more on Paul Taylor, Keith Maydak and Eric Noveshen. This new guy Pump and Dump knows what I mean about the boiler room evolution.
Ask on the Encompass site bonefish
We ot bigger fish ta fry here.
Ola amigos
Yep Allie Shades. Read "The Mob on Wall Street" folks. I believe it was Reuters that had "Rumble in Rosyln" All part a the fun here. Ya might get why the Envision boys are so up in arms. They are now sayin I turned this rag into a sewer. I say it got a whole lot more informative. Stay tuned, I said new info would flow from new sources. Looks like the ex employee is pssed off. Are ya trippin yet woog?
I wonder if the name General Motors is taken?
Get a friggin brain BSWB
That's interesti Envision
What were webber's rant about when you two talked? you gotta be the dumbest mofo that ever hit the net dude. would you consult with me?
See you dudes in a week or so.
Road Trip ta put out fires.
A double bonehead. Tuck position.
He's just a friggin dog. Triple? Gawd, where the hell am I anyway?
Envision boy
You're right. I lurk in the shadow of the technology that Rotary Engines Inc brought to Encompass Holdings. I go back beyond Scott Webber who is now the encompass CEO. My contact was Art Robins prior to Webber because he was the CEO but I knew Webber first because he received the technology in a legal battle with Rotary Power Int. which was John Deere which purchased the technology from Curtiss Wright. I don't go back that far but I do go back to RPI and the funding they received. That was govt. fundin. Envision worked with Art Robins and Murray Goldenburg. Anyone here can email Webber and ask if he deals with Envision. I'm not sure how you'd be answered but I'll bet it aint with any positive. If Envision has a beef with the dude they should go for it. Now that would be a kick ta follow.
What a friggin load this whole rag is.
Now Eric Noveshen of Envision Capital is postin. This is just too friggin dumb ta even believe and I've seen dumb. Envision, post your phone number there in South Florida so all the potential customers can reach ya that read this stuff. Ya might wanna add an extra phone line. This sht is just too good.
Hey Envision
What company are ya helpin? What slander are ya referin to? How are ta unrelated to NIR dude? Are ya sayin ya don't broker for em or at least did? What consultin do ya do? Why don't ya list all the companies you're helpin? It would be good PR for ya and we can take a look at each and make our own call on the help. I say we're gonna get more posters here who have knowledge of the companies they invest in and your role in their success. I'd love ta hear about that help ya provide.
How about those that work with NIR bonefish?
It's all about the end result for the companies and those that invest in the companies. The friggin shareholders moron. Is Envision the front man that is shortin, bringin in consultants and splittin fees with old insiders? That's what this board is about. The efeect on shareholders. You know better dude. Envision has been there takin their cut. How much have they kicked back as part of the deal? Now you're pssed when the encompass dudes step up a stop the bs. That has a big effect on Envision Capital. Anyone who really wants ta know about Eric Noveshen and Envision just needs ta find real loan brokers and ask. They'll get plenty of info as I did. Any company approached by Envision is nuts ta deal with em. If ya want hedge fund financin put your business plan together and visit NIR. If it makes sense for them ya might get funded. Those lookin for fundin read this board. My suggestion is don't even consider a relationship with Envision. Y^ou'll regret ya did. End of friggin story.
Woops
It looks like my background post is still up. Not sure which he deleted. We'll see how sensitive they are now that my little bonefish buddy JJ showed up. You can bet your ass he's real upset about posts that contain info on Envision Capital and Eric Noveshen the managing director. I doubt he's real comfy with MedGen bein mentioned in the same sentence too. Gettin way too close ta home there.
Just so you readers know.
I gave a complete rundown on the company JJ is postin about, Encompass Holdings. Posted their history and all the players. How they got connected ta NIR through Envision Capital. I guess that kinda post is gettin too close to the heart of things for this site. Aint that funny?
They don't dig crazy stoxx
My kinda crazy makes em nervous. When they get nervous they talk. When they talk they make mistakes. When they see the friggin dumb mistakes they talk more. If I go somewhere else they follow cause no one stays ta listen to em. So they follow and whole self destructive circle starts again. It's crazy dude. Look back at my first posts. I warned ya all.
They don't dig crazy stoxx
My kinda crazy makes em nervous. When they get nervous they talk. When they talk they make mistakes. When they see the friggin dumb mistakes they talk more. If I go somewhere else they follow cause no one stays ta listen to em. So they follow and whole self destructive circle starts again. It's crazy dude. Look back at my first posts. I warned ya all.
BSWB
Are ya gonn post in the intro the Envision Capital brokers for NIR? They're located in Ft. Lauderdale and Eric Noveshen is the company Managing Director. Don't ya just love the Managing Director tag. It's offshore company talk for "ya can pin anythin on me" I don't own this dude just got put in place by some Bahamian dude that owns it. I don't know his name though. Have the old boiler room dudes evolved? Naw, never. They're all gone.
JJ's Encompass fetish.
If anyone's really interested I could give a pretty friggin accurate rundown on Encompass at the Ihub Encompass site where it should be done. For his own South Florida reasons JJ has Envisioned and paints things wrong. First Colonial Ventures was run by Murray Goldenburg who ya can read about in The Mob On Wall Street and his buddy Leslie Handler. Please note that Goldenburg did do time for trying ta bribe MM's. His partners in crime were in South Florida by the way. When Goldenburg went to the big house he brought in Kennith Owen and they changed the name to Nova Communications. It's all in the Edgar filins. When Goldenburg got out it looks like he decided he'd had enough of Owen who has his own on going problems with the SEC so in came Art Robins as Goldenburgs new fall guy. I started talkin ta Robins because I followed the rotary engine technology that he brought in with an agreement between Nova and a company named Rotary Engines Inc. Robins had a product that was very cool called the Xboard that needed a small powerfull engine. The rotary was the only one that would work. Robins made a deal to buy 51% of the rotary assets and Encompass formed a new company Rotary Engine Technologies Inc. The incoming rotary guys were to continue development with fundin Goldenburg set up with NIR. Hey, there's the NIRe connection. I talked with Robins a lot. Dude's not the brightest bulb on the tree but he wasn't corrupt. He was just dumb enough ta let Goldenburg pull his strings and do ahole deals with those tryin ta steal the rotary engine and Xboard technology. When Robins couldn't provide the needed development fundin as promised the rotary dudes had enough of his bull sht. Keep in mind Goldenburg was workin in the background cause he had a little problem with his past and needed it that way. Did I mention that his old partners in crime were from South Florida where Envision Capital is located who is the brooker that introduced Nova to NIR? Woog may understand more about how the boiler rooms evolved that he let's on but that's another story. Anyway, the rotary dudes were owed 3 million bucks which Encompass couldn't pay so they got shares. Enough for controllin interest. Bingo. They called a special shareholders meetin and removed Robins and the whole BOD. They then put Goldenburg and Handler on the board with themselves for reasons they had. In short order another special meetin was called ta remove Goldenburg and Handler the original First Colonial Ventures bad guys. a complete clean up of Encompass Holdings. These dudes are not the usual dumb or corrupt mofo's that inhabit the OTC. I've got more a lot more that belongs on the Encompass site. In the mean time this moron JJ from South Florida who owns no Encompass shares follows me around postin about Encompass and the dudes who cleaned the company up. It's like his cash cow was affected. Ya gotta remember here that the ever present ex con Goldenburg set up NIR fundin through South Florida Envision Capital. Straight deal? Ya sure. Stupid jj just can't seem to Envision the future and what I'll post. In the mean time none of these idiots want ta get near Encompass anymore. They'd get eaten alive. Way more dirt from the past than I'm postin about. One dude actually posted that I was defendin NIR. stoxx got all bound up cause I told the dude "so what" about his concerns. Well stoxx, I know more than you'll ever know buddy. I also posted about how NIR cleaned house. They sent Dworkin packin and guess what? His buddy was Eric Noveshen at Envision Capital in South Florida where Murray Goldenburgs buddies were located. So NIR dumped Dworkin and probably Envision. Encompass cleaned out all the dirt and would never deal with Envision and JJ follows me around in a panzy ass snit cause of it all. Too friggin bad. He wanted ta talk so we talk. If he wants ta talk more we can do that too. Is MedGen on the list of NIR funded companies? Welcome to the NIR board JJ. Are ya havin fun yet? Have ya heard the word dumb before dude?
The boiler rooms have evolved a bit.
The Hanover Sterling days were quite the time. Now we have chat rooms and nerds. Friggin sad state the U.S. has become. Why prosecute? Ya could hurt someones feelings. We sure wouldn't want that ta happen. Time foe Charles Bronson ta take a sock fulla pennys and deal with it. Probably send em ta South Florida for starters.
Madoff was in New York.
His brokers worked the Palm Beach / Boca Raton country club scene. I believe that's also S. Florida. They didn't like tough questions and always made a point of bein way above the typical corruption. Good ole Bernie probably woulda posted that he never cheated his clients. When these dudes see a possible problem person they have a little yapping dog follow you around. My just happens ta be named JJ.
oSome Mob on W S cut and paste
This fool JJ actually thinks I care when he posts about Encompass Holdings. actually i love it. He gets bent outta shape everytime the company is mentioned along with the Wall Street S. Florida connection you can read about below. A mention of Envision Capital sends him into a dumb haze. It's like it affects him personally. He's stated many times that he owns no Encompass stock. Don't worry gang, he's just here ta help. Read on.
THE MOB ON WALL STREET--PART 1
A three-month investigation reveals that organized crime has made shocking inroads into the small-cap stock market
A three-month investigation by BUSINESS WEEK reveals that substantial elements of the small-cap market have been turned into a veritable Mob franchise, under the very noses of regulators and law enforcement. And that is a daunting prospect for every investor who buys small-cap stocks and every small company whose stock trades on the NASDAQ market and over the counter. For the Mob makes money in various ways, ranging from exploiting IPOs to extortion to getting a ''piece of the action'' from traders and brokerage firms. But its chief means of livelihood is ripping off investors by the time-tested method of driving share prices upward--and dumping them on the public through aggressive cold-calling.
In its inquiry, BUSINESS WEEK reviewed a mountain of documentation and interviewed traders, brokerage executives, investors, regulators, law-enforcement officials, and prosecutors. It also interviewed present and former associates of the Wall Street Mob contingent. Virtually all spoke on condition of anonymity, with several Street sources fearing severe physical harm--even death--if their identities became known. One, a former broker at a Mob-run brokerage, says he discussed entering the federal Witness Protection Program after hearing that his life might be in danger. A short-seller in the Southwest, alarmed by threats, carries a gun.
Among BUSINESS WEEK's findings:
-- The Mob has established a network of stock promoters, securities dealers, and the all-important ''boiler rooms''--a crucial part of Mob manipulation schemes--that sell stocks nationwide through hard-sell cold-calling. The brokerages are located mainly in the New York area and in Florida, with the heart of their operations in the vicinity of lower Broad Street in downtown Manhattan.
-- Traders and brokers have been subjected in recent months to increasing levels of violent ''persuasion'' and punishment--threats and beatings. Among the firms that have been subject to Mob intimidation, sources say, is the premier market maker in NASDAQ stocks--Herzog, Heine, Geduld Inc.
-- Using offshore accounts in the Bahamas and elsewhere, the Mob has engineered lucrative schemes involving low-priced stock under Regulation S of the securities laws. Organized crime members profit from the runup in such stocks and also from short-selling the stocks on the way down. They also take advantage of the very wide spreads between the bid and ask prices of the stock issues controlled by their confederates.
THE BOX
At about 3 o'clock in the afternoon of Sept. 25, 1996, three men appeared on the 28th floor of 120 Broadway, Manhattan. They walked into the offices of Sharpe Capital Inc., a dealer in over-the-counter stocks. They were burly. ''Like lumberjacks,'' said an eyewitness soon after. A gun was in the belt of one of the men.
The confidential police report of the incident (Complaint No. 10530, First Precinct) reads as follows:
''At that point they asked the victim what he was trading in. Then they slapped him in the head and stated again, 'What the f-- are you trading in.' Then he slapped the victim in the head again.''
A witness recalls one of the men saying: ''Don't f-- with our stock.'' The stock: Crystal Broadcasting Inc. After the men left, Sharpe stopped trading in Crystal Broadcasting.
The box is the heart of most stock-manipulation schemes. In the case of Crystal, the trader at Sharpe was suspected of ''cracking the spread.'' According to market sources who were familiar with the trading in Crystal that day, Sharpe was blamed, in effect, for doing what a market maker is supposed to do--get the best possible price for its customers and keeping the spreads as narrow as possible. During the day, Crystal traded as low as 4, well below the 5 1/8 closing price of the day before, and the spreads narrowed as well, to a relatively reasonable 4 3/8 bid and 4 7/8 ask. Sharpe was blamed for that benign--to most people--market action.
In the weeks following the Sharpe incident, Crystal shares were trading at the kind of spreads that can only happen when the market is tightly controlled. If you buy it from a dealer, you pay the ask price, $3.50. But when you sell it, you get the bid--56.2 cents. (Crystal's president, Joseph Newman, said he had no knowledge of coercion of market makers in his stock.)
Sometimes the maneuvering involved in creating and exploiting the box can be as subtle as a bison in a china shop. One West Coast investor, who requested anonymity, says that brokers at a small New York firm, Monitor Investment Group, convinced him that two small-cap stocks--International Nursing Services and Beachport Entertainment--were about to be pushed upward. Says the investor: ''They said they had a handle on all this stock. They said they'd run it up and get me out of it in a week.''
So sometime around last New Year's Day, he bought warrants and a big block of the stock--100,000 shares of International Nursing and 85,000 of Beachport. When he tried to sell, he says, his brokers flatly refused. The shares, which had started heading southward almost from the moment he bought them, plummeted. They're now worth one-fifth of what he paid. Monitor Chairman William F. Palla denies the firm was involved in stock manipulation but concedes a broker may have promised a runup but not really meant it.
Sometimes, of course, thinly traded stocks can be run down by aggressive short sellers, and the Mob is alleged by Street sources to have profited from that as well. One target of investigators, sources say, is a coterie of brokers formerly associated with the defunct penny-stock brokerage of Stratton Oakmont. Sources familiar with the investigation say that authorities are exploring charges that some of these brokers, after Stratton's demise, may have extorted money from their former colleagues in the business--allegedly threatening to short-sell stocks underwritten by those firms. According to sources, the Stratton brokers allegedly shared their profits with a member of a New York crime family.
Among the trading being investigated, sources say, are stocks underwritten by a penny-stock firm called State Street Capital Markets. Stocks brought public by the New York-based firm--Fun Tyme Concepts, U.S. Bridge of N.Y., and Cable & Co. Worldwide--were pummeled in the market last August, and trading in the stocks is allegedly being probed. At the time, State Street maintained that its shares were victimized by concerted short-selling. State Street officials did not return phone calls, and Stratton officials could not be reached for comment.
''YOU'VE MADE A FRIEND''
First Colonial Ventures Ltd. is a minor venture-capital firm whose stock trades on the OTC bulletin board--so small that it is not required to file more than token disclosures with the Securities & Exchange Commission. But for market makers in small-cap stocks, First Colonial looms huge. It is an object lesson: When the Mob speaks, market makers obey.
The incidents took place early in October, one week after the assault at Sharpe. First came a beating. A trader at Naib Trading Corp. in Fort Lauderdale was summoned to the office of a man by the name of Roy Ageloff. The trader has told associates that Ageloff had beaten him once before with a nail-pierced baseball bat. This time, he said, Ageloff left the room. Then a 400-pound hoodlum knocked him down and kicked him while he was on the floor. The message: Stay away from First Colonial.
The trader at Naib was not the only one to suffer ''persuasion'' over First Colonial. Sources say that four other firms were approached with warnings to cease trading in the stock. To be sure, it was not a total success. There was one rebuff: A market maker in the little town of Hurst, Tex., Anthony Elgindy of Key West Securities Inc., says he ignored warnings that traders who did not comply would soon be ''facing the ceiling''--and has received numerous threatening phone calls since then. But at two other market makers, the intimidation worked. They ceased making a market in First Colonial.
The market makers dropping the stock were William V. Frankel & Co. in Jersey City, N.J., and the biggest name in NASDAQ stocks: Herzog, Heine, Geduld. Sources say traders at both firms quit trading the stock after receiving menacing visits at their offices. ''We decided we shouldn't get involved in a stock like that,'' says Herzog's head trader, Irwin Geduld. Was anyone at his firm threatened? ''We weren't,'' said Geduld. ''Someone else was.'' (A Frankel trader, who declined to give his name, says: ''We have no comment whatsoever about First Colonial Ventures.'') Even a brokerage that was not a market maker, D.L. Cromwell Investments Inc. in Boca Raton, received a visit from a thug, a source says. The visitor left after demanding, and being shown, proof that the firm was not a short-seller in the stock. Cromwell officials declined comment.
Sources say that traders who caved in to coercion later received expensive bottles of liquor with a note that read: ''You've made a friend.'' But the market makers who dropped First Colonial were making no new pals among investors. Since the incident, the ask price paid by the public for buying First Colonial stock has climbed--from a low of $1.13 on Oct. 2 to as high as $4.13 in recent trading. But the bid price that the public gets when selling the stock back to the Street has been far less buoyant. The bid promptly rose from a low of 87 cents on Oct. 2 to $1.50 and has stayed at about that level, even as the ask price has skyrocketed to almost three times that figure. (On Oct. 4, according to a letter sent to market makers obtained by BUSINESS WEEK, the NASD launched an inquiry into the dropping of First Colonial stock by market makers. The NASD declined comment on the investigation.)
Who was behind the wave of intimidation over First Colonial? NASDAQ trading figures point toward a New York-based firm called PCM Securities Ltd. PCM was the largest market maker in First Colonial in September, with 48% of the trades. By October, however, this rose to 75%. PCM completely dominated the market in First Colonial.
Although he is not listed in NASD records as a control person or even as an employee of PCM--or of any other brokerage--Street sources say that the power behind PCM is the 37-year-old Ageloff. He did not respond to numerous messages left at PCM's office in Boca Raton. An employee there said Ageloff nowadays spends most of his time there, punctuated by frequent visits to New York. Asked about Ageloff, Steven Edelson, PCM's principal, denied that Ageloff has any role in the firm and says he has met him only once. Edelson had no comment on its trading in First Colonial, and First Colonial President Murray Goldenberg said he was ''shocked'' to hear reports of intimidation of market makers.
(Continued on next screen)
By Gary Weiss