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As promised here is the filing :
http://www.exportica.com/WorldHealthbankruptcyfiling_1.ZIP
Thank you for the winderful gift!!
If anybody has problems getting the ~8 MB file email me at backdraftdk1@hotmail.com
I someone can send it to me I can post it on my website for all to see
backdraftdk1@hotmail.com
Where can we look for the bankruptcy filing? Anyone?
Is it ... will it be ... filed in Delaware or Pennsylvania?
Thanks!
Delaware or Pennsylvania Bankruptcy court?
Which one will it be filed under?
I want to find out the details of this deal.
http://www.pawb.uscourts.gov/
http://www.paeb.uscourts.gov/
http://www.pamb.uscourts.gov/
OR
http://www.deb.uscourts.gov/
hmm ... does certain liabilities also include this?
Crusader Investments Announces It Will Continue Its Contract and Libel Lawsuits Seeking More Than $20.0 Million against World Health Alternatives
Publish Date : 11/15/2005 1:36:00 AM Source : Health News Onlypunjab.com
Crusader Investments, LLC ("Crusader" or the "Company") will continue to pursue its two lawsuits against World Health Alternatives, Inc. (WHAI.PK) despite recent events at WHAI. The Company continues to assert that is has a strong claim against WHAI and the Company will seek recovery of all amounts alleged to be owed to Crusader by WHAI. One of the actions is now moving into the discovery and deposition phase and Crusader is anxious to get an opportunity to take the deposition under oath of both current and former WHAI executives.
It is Crusader's understanding that WHAI has engaged a third party advisor to sell WHAI's operations either in their entirety or in pieces and that this third party advisor is already beginning to accept letters of intent. If that is the case, the Company intends to review each transaction and possibly assert successor liability claims against any purchaser of all or part of WHAI's operations to seek recovery of the Company's contract and libel claims totaling more than $20.0 million, if fair consideration isn't paid by a purchaser(s).
Alternatively, in the event WHAI elects to seek protection from creditors by filing bankruptcy, the Company will continue to pursue its claim against WHAI in the Federal Bankruptcy Court, while simultaneously pursuing Richard E. McDonald, WHAI's former Chairman and President, individually, who is being represented and defended by attorneys also representing WHAI, presumably at WHAI"s cost and expense.
Crusader Investments, LLC, and its affiliates, is a boutique investment bank with offices in New York and Los Angeles. Through its extensive relationships with institutional and private investors, the Company provides its public and private clients access to attractive sources of capital through both private placements and public offerings. The Company also offers traditional investment banking advisory services including merger and acquisition advice. The Company's goal is to build enduring, long-term client relationships by providing professional, independent and strategically advantageous advice.
Pfrenz did a great job of finding the court transcription of the class action ... how do we go about finding if the old BOD is in court gettin sued (SEC, personal etc...).
Would you look for it in the state the person resides?
Is there a special site for when the SEC takes you to court?
If their asses are in court as I am writing this then the word has to be spread!
Thank you for your help.
I agree with what you are saying.
I hope Columbus Capital or the other do not wait too long for WHAI to restate the financials cause it asin't gonna happen soon IMO. Like you said, WHAI controls everyhting right now ... I hope that Columbus realises this and does not let ego get in the way of settling as fast as possible. Columbus might want to play the waiting game .... the very long waiting game!
Best of luck to all of us! Sooner better than later!!
Do you think Columbus Capital is in any way linked to the BOD of WHAI? Meaning they are pretending to represent the class action and they are going to settle with WHAI quietly? Imagine if they shorted also!!!
Is there any way for us commoners to find out if they shorted?
How would you go about it if possible?
This is a good start!
SEC Announces Approval of Short Position Reporting in Pink Sheet Stocks
New York, NY, February 16, 2006 -- On February 10, 2006 the US Securities and Exchange Commission published its order approving changes to NASD Rule 3360 in the Federal Register, Volume 71, No. 28. This change will expand short interest reporting requirements to over-the-counter equity securities, including those quoted on Pink Sheets. Currently, NASD rules require monthly short interest reporting only in securities listed on Nasdaq.
The Commission believes that expanding short interest reporting to OTC equity securities will protect investors and the public interest by requiring NASD members to increase the information available to investors and other interested parties related to trading in OTC equity securities.
The NASD will announce the effective date of the proposed rule change in a Notice to Members to be published no later than 60 days following Commission approval. In the proposed rule change, the NASD stated that in recognition of the technological and systems changes the proposed rule change may require, the effective date for the proposed rule change will be 90 days following publication of the NASD’s Notice to Members announcing Commission approval.
Thanks speed! This is the first time I ever read a court proceeding and did not realise what discover meant. This is fascinating stuff. If the Patterson group does force discovery and they find that they DID in fact short the stocks what does that imply? Columbus gets thrown out as lead plaintiff right?
Is it better for us if Columbus stays lead plaintiff so they can settle fast and like that the stock price recovers fast?
Or is it better for the stock price if Columbus gets thown out?
All parties are now waiting for WHAI to restate their financials and the judge said they can wait a little while longer.
What timeframe to wait for the restated financials? 1 month? 2 months? before they are forced to file their case? The courts wait how long usually?
Thanks for you comments
Ultimate
Transcript of HEARING ON MOTIONS FOR APPOINTMENT
OF LEAD PLAINTIFFS AND LEAD COUNSEL
commencing on NOVEMBER 21, 2004
United States District Court, Pittsburgh, Pennsylvania
BEFORE: HONORABLE THOMAS M. HARDIMAN, DISTRICT JUDGE
On pages 39 and 40 of the court proceeding:
23 We respectfully request, Your Honor, that to the
24 extent the Court does believe that the Columbus funds do have
25 the largest financial interest and they should be afforded the
1 presumption, we would respectfully request we get discovery to
2 determine how they acquired the shares and what the strategy
3 was. A very focused discovery, of the type that must have
4 been granted most recently in the Beyers case, a case in
5 Massachusetts where the Court did grant discovery to a hedge
6 fund because of the trading strategy they engaged in.
7 Columbus is aware of in a California case they were
8 found to be engaged in unique trading strategy, and as a
9 result of that, they were disqualified as the lead plaintiff.
10 THE COURT: Who was?
11 MR. ROSENFELD: Columbus. They moved to be
12 appointed as lead counsel in the case in California. In that
13 instance, they engaged in unique trading strategy, short
14 selling. Based on that, they were found to be inadequate.
Is it possible to know if Columbus Capital was short selling WHAI?
Can the court order the stock transaction reports for that day?
How did they get caught in the case in California?
Ultimate
i could not have said it better semi!
Posted by: speedbump
In reply to: whyaskwhyca who wrote msg# 187
Date:1/29/2006 9:27:45 AM
Post #of 424
Yes, a reasonable time to restate the 12/31/04 financials has elapsed, and everyone of us should demand a copy. The restated version should answer many of our questions.
The directors have obviously not been following the law with respect to the shareholder list. An allegation that the directors are deliberately keeping the list to themselves so that they can stay in control imho could be used to convince the judge to order its production quickly.
Speedbump,
can you tell me how I can demand a copy of this?
The Corporate Office address is :
Pennsylvania
777 Penn Center Blvd.
Suite 111
Pittsburgh, PA 15235
phone: (412) 829-7800
toll free: (888) 293-8644
fax: (412) 829-8905
Is there a particular email address and/or person I should address it to? I will send a registered letter also to make sure they get it.
All of us should do this.
Thanks!
Another forebearance extension!
How many of these can we have?
Is the principal amount growing because of the interest?
What is the total amount of money owed to Palisades and Capsource?
Off to sec.gov I go for a good history lesson :)
Just trying to get some conversation going ...
ultimate
For the full year of 2004 they would have made :
I multiply by 4 so we can get a full year for 2004
287,117 X 4 = $1,148,468
In 2005 they made $676,291. Their revenue went DOWN?!!
How is that possible?
"The Company reported revenues of $676,291 and $287,117 for the years ended December 31, 2005 and 2004, an increase of $389,174 or approximately 135%. Revenues were primarily derived from monthly subscription fees. Revenues increased in 2005 compared to 2004 primarily due to a full year of operations compared to three months of operations in 2004."
On a brighter note:
I multiply by 4 so we can get a full year for 2004
$188,415 X 4 = $753,660 cost of revenues for 2004
The cost of revenues has gone down.
"The Company reported cost of revenues of $434,155 and $188,415 for the years ended December 31, 2005 and 2004,"
What worries me is that they made LESS revenue in 2005 as compared to 4 quarters in 2004.
Just stating facts! Why did the revenue go down if they had MORE
subscribers?
People cancelled? Churn rate?
Could someone please explain this?
From the 10K year end 2005
"we had 3,291,733,490 shares of common stock issued and outstanding and convertible debentures outstanding that may be converted into an estimated 5,015,487,805 shares of common stock at current market prices"
Does that mean they we 5,015,487,805 X 0.01 = $50 154 878 to Golden Gate ??
Thanks!
Risks Relating to the Financing Arrangements.
(a) There are a Large Number of Shares Underlying our
Convertible Debentures and Warrants; Sale of These Shares may Depress
the Market Price of our Common Stock.
As of December 31, 2005, we had 3,291,733,490 shares of
common stock issued and outstanding and convertible debentures
outstanding that may be converted into an estimated 5,015,487,805
shares of common stock at current market prices, and outstanding
warrants to purchase 8,203,000 (out of an original 15,000,0000) shares
of common stock. In addition, the number of shares of common stock
issuable upon conversion of the outstanding convertible debentures may
increase if the market price of our stock declines. All of the
shares, including all of the shares issuable upon conversion of the
debentures and upon exercise of our warrants, may be sold without
restriction. The sale of these shares may adversely affect the market
price of our common stock.
The continuously adjustable conversion price feature of our
convertible debentures could require us to issue a substantially
greater number of shares, which will cause dilution to our existing
stockholders.
The Company's obligation to issue shares upon conversion of the
convertible debentures to Golden Gate Investors, Inc. is essentially
limitless. The following is an example of the amount of shares of our
common stock that are issuable, upon conversion of the balance of the
convertible debenture of $82,027 as of December 31, 2005 (excluding
accrued interest), based on market prices 25%, 50% and 75% below the
market price as of January 28, 2006 of $0.01:
Number % of
% Below Price Per With Discount of Shares Outstanding
Market Share at 18% Issuable Stock
25% $0.0075 $0.0060 1,496,000,000 31.24%
50% $0.0050 $0.0040 2,248,000,000 40.58%
75% $0.0025 $0.0020 4,503,000,000 57.77%
Thank you for the response!
i don't wanna be a stickler but what is the use of having level 2 for picks?
1000 shares buy? where? the latest is 250
15:30:12 250 0.085 + OTCEQ_NBB
15:04:39 10000 0.081 + OTCEQ_NBB
15:03:39 10000 0.081 + OTCEQ_NBB
14:45:18 2500 0.08 - OTCEQ_NBB
14:43:09 10000 0.08 - OTCEQ_NBB
13:25:21 24000 0.08 - OTCEQ_NBB
13:25:21 23625 0.081 + OTCEQ_NBB
12:49:27 2000 0.081 + OTCEQ_NBB
12:49:27 2000 0.081 + OTCEQ_NBB
12:46:33 250 0.081 + OTCEQ_NBB
12:45:33 2000 0.075 - OTCEQ_NBB
12:38:21 4100 0.08 - OTCEQ_NBB
12:38:21 5000 0.081 + OTCEQ_NBB
12:13:27 5600 0.081 + OTCEQ_NBB
12:12:09 3391 0.081 + OTCEQ_NBB
12:09:33 10000 0.08 - OTCEQ_NBB
12:09:27 5000 0.081 + OTCEQ_NBB
12:09:09 5000 0.081 + OTCEQ_NBB
12:01:03 10000 0.08 + OTCEQ_NBB
Why does my order in for .079 not display on LII(alphatrade)??
As per http://www.island.com/prodserv/works/index.asp
the limit orders can be "display" or "non-display" assuming the order goes through INET. Does ARCA and the others work the same way?
How can I make my order "display" all the time?
What an advantage these fuckers have if they can make the choice for you.
Comments please!
REGULATION SHO LIST
According to ftp://ftp.nasdaqtrader.com/symboldirectory/regsho/
ILCO has appeared every trading day since June 06 2005 NONSTOP!
What the hell?
How can we get these criminals off our backs?
Seriously!?
ILCO looking good! RSI at 10 and volume picking up.
INNOTELCO, Inc. Announces Exclusive Supplier Agreement
Jan 25, 2006 12:34:00 PM
TORONTO -- (MARKET WIRE) -- 01/25/06 -- INNOTELCO, Inc. (OTC: ILCO), a marketer and distributor of telecom hardware and network solutions, announces signing of an Exclusive Supplier Agreement with Fenghua Yuguang Electron Wire & Cable Manufacturing Co. Ltd.
Innotelco and Fenghua Yuguang have signed a final agreement for Fenghua Yuguang to be the exclusive supplier of cable and cable products for Innotelco in the Southeastern Region of Europe. We believe that this agreement gives the company a better edge in developing business in the Balkan Region above our expectations. Innotelco has been able to negotiate suitable terms to meet the needs of the company and its clients and increase the profitability of our already signed contracts.
"Due to the signing of this agreement, I strongly believe that Fenghua Yuguang is the manufacturing company who can follow us and be part of our business plan and tender process for the future," said Ross Sehovic, CEO.
"The Southeastern European Region imports over half a billion euros of telecommunication equipment annually, and Innotelco has been successful in obtaining signed contracts. We at Fenghua Yuguang look forward to supplying them on these deals and to continue with our very beneficial relationship by working with Innotelco in any capacity to fulfill these contracts. We believe that Innotelco has received from us very advantageous terms and this will contribute to a durable business relationship," (Blank Zhang, Fenghua Yuguang).
About Fenghua Yuguang Electron Wire & Cable Manufacturing Co. Ltd.
The company manufactures cable products for the European, Middle East, and many other markets around the world. They have the technical ability to test products to quality standards manufactured in their factory.
The Fenghua Yuguang Electron Wire & Cable Manufacturing Co. Ltd. is located in Ningbo in the middle of China's coastline and in the south of Yangtze Delta. Ningbo is divided from Shanghai by the Hangzhou Bay and has grown into one of the four International deepwater harbours in China.
"INNOTELCO - Building Bridges for Communication"
About Innotelco, Inc.
Innotelco is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. Innotelco products range from indoor and outdoor coaxial cables and accessories to fibre optics and switching equipment.
Safe Harbor Statement
This press release contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe,'' "expect,'' "estimate,'' "project'' and similar expressions define forward-looking statements, which speak only as of the date the statement was made. Innotelco, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the Company's ability to meet its projected growth, the effects of government regulation, competition and other material risks.
Contact:
Innotelco, Inc.
Ross Sehovic
416-259-8444
Website: www.innotelco.com
CWLC not looking good
RSI is at 95%, way overbought. Pullback imminent
According to the latest 2nd quarter report of 2005, the Net loss available to common stockholders is going down.
I guess you can say this is good but will they be able to sell enough oil (the price of oil is not dropping anytime soon)
to get rid of the death spiral financing?
They have over 4million in convertible debentures and are paying interest on this:
As of September 30, 2005, interest of $552,054 has accrued on all of the
convertible debentures and is included in current liabilities.
During the six months ended September 30, 2005, convertible debentures in the principal
amount of $201,955 were converted into 18,600,000 shares of common stock at the election of the holder.
At this rate we will be very diluted in a short period of time.
They can't lower their expenses (oil) and this winter(2005-2006) is warmer than usual.
Any thoughts?
Raging bull is down?