busy making sauce
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mrgoodtrade/AVTX,
News way overdue but they rarely pr.Need to see something with fed ex and their tech being used in that deal mentioned in the Q.
~Rig
~TRBY .095 X .10 holding nicely considering the basher brigade is working overtime on RB.lol.When will the next pr with the soft one come?
This stock will make even more people happy quite soon IMO.
~Rig
harley/APOA,
MMkers taking advantage of the poor market conditions and shaking every stock known to man.lol.Except BRVO.NIce pop back with APOA!
~Rig
~APOA/Harley,
I added.
~Rig
New Interview available....
http://www.wallst.net/popup.asp?id=609
~Rig
~PLKC News..Keep this on watch folks...Chart posted yesterday, right at the 200ma
PlanetLink Communications Completes First Commercial Test Installations of TransTRAK
Installations are for tests in live environment at two Mexican companies
By Staff
CUMMING, Ga., Jun 16, 2004 (PRIMEZONE via COMTEX) --
PlanetLink Communications Inc. (OTCBB:PLKC), a provider of satellite-based products and services, announced today that it has installed eight TransTRAK mobile locator units in vehicles operated by two large Mexican companies. The Company had previously announced that it has reached separate agreements with a major Mexican electric utility and one of Mexico's largest bus companies to test its mobile asset management systems. Installation of these eight units is the first step in testing the systems in a live environment. The mobile units communicate wirelessly with PlanetLink's proprietary tracking software to provide a wide range of information about vehicle location and behavior. The test periods are expected to last 60 to 90 days, during which time, customizations will be completed.
"There has been much preparation and development effort to bring us to this point, and it gives us a great sense of accomplishment to have our first units installed and working for these two prospective customers. Moreover, we are pleased that these companies are both very large organizations that have a combined fleet of 82,000 vehicles that need tracking devices," stated PlanetLink Communications CEO, Mr. Dewey Bain. "We could not have hoped for a better opportunity for our commercial product launch. In the coming weeks and months we will be working very closely with these prospective customers to make this testing period a success, in hopes that we can move forward with initial orders."
Although the initial test units are installed, and PlanetLink expects that the testing period will be successful, there is no guarantee that successful testing will lead to a contract.
About PlanetLink Communications, Inc.
PlanetLink Communications, Inc. recently launched its TransTRAK product through its wholly-owned subsidiary, PlanetTRAKS. The Company is developing a family of GPS-enabled products and services under the PlanetTRAKS name. TransTRAK is the first of these products and is the Company's turnkey solution for real-time, mobile asset management. From tracking vehicle speed and location in real-time to controlling vehicle functions through remote access, TransTRAK allows the customer to actively monitor and manage virtually any type of mobile asset.
Safe Harbor Statement
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis" or "Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request. For more information on PlanetLink, please visit the company's Web site at: http://www.plcweb.net
SOURCE: PlanetLink Communications Inc.
Sky Investor Relations
Laurel Moody
212-440-5000
laurel@skyir.com
--------------------------------------------------------------------------------
(C) 2004 PRIMEZONE, All rights reserved.
News provided by
~PKSP Nice News!!!
This one is about ready IMO.........
PocketSpec Technologies Inc. Announced Today a New Software System Designed for Manufacturing Industries and a Pending Agreement to Sell the New Software Systems to a Plastics Industry Distribution Network
By Staff
DENVER, Jun 16, 2004 (PRIMEZONE via COMTEX) --
PocketSpec Technologies Inc. (OTCBB:PKSP) announced the pending release of a manufacturing software system that integrates its ColorQA color technology. This will mark the second software system since the announcement of the Easy ColorQA System earlier this month.
This second system, the ColorQA Pro System II, will be available for sale in the next few weeks at a price of $1,780.00. Currently many manufacturers pay between $10,000 and $20,000 for complex spectrophotometers that are not needed in most applications. PocketSpec's new software will provide an inexpensive alternative and still satisfy needed ISO standards of manufacturing, with measurements in the needed color expressions of industry such as Delta E difference. This new system can serve the quality assurance needs of any industry that requires correct color in its production, from powders to solids, and will compete very well with present industry leaders such as DataColor, Minolta and Xrite.
Jeff Krupka, PocketSpec's General Manager, said, "This is further evidence of PocketSpec's mission to increase shareholder value and profitability for the company by becoming a major provider of cost-effective software solutions for the color industry," who went on to say, "We expect to announce in the next week, an agreement with a strong distribution team that will market our software systems and other products to the Plastics Industry, and notably, the agreement will include an initial purchase of approximately $100,000.00 in inventory."
PocketSpec's rapid software development is made possible by the collaboration between Gregg Wagner, PocketSpec's Chief Technical Officer, and Giorgio Stevanato and his team at Logicol S.r.l., of Italy, PocketSpec's software partner. PocketSpec will provide an on-line demo of this second system on its website, www.pocketspec.com, as well as Logicol's website, www.easyrgb.com. Visit these websites to view the high quality on-line demonstration of the first software system, the Easy ColorQA System.
More information on PocketSpec's current business operations and other products can be found at www.pocketspec.com or by telephone at 303.393.8060. Email to info@pocketspec.com .
Forward-Looking Statements: All statements contained in this press release that are not statements of historical fact constitute "Forward-Looking Statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from historical results or from any future results expressed or implied by such forward-looking statements. Readers are urged to consider statements that include the terms "believe," "belief," "expects," "plans," "anticipates," "intends" or the like to be uncertain and forward-looking. Forward-looking statements also include projections of financial performance, statements regarding management's plans and objectives and statements concerning any assumptions relating to the foregoing.
SOURCE: PocketSpec Technologies Inc
PocketSpec
(303) 393-8060
info@pocketspec.com
www.pocketspec.com
--------------------------------------------------------------------------------
(C) 2004 PRIMEZONE, All rights reserved.
News provided by
THREES,
Next leg up coming soon IMO.
~Rig
June 16, 2004. (FinancialWire) It’s not just U.S. companies such as Whistler Investments (OTCBB: WHIS), Sonoran Energy (OTCBB: SNRN), Celsion Corporation (AMEX: CLN), and eLinear Inc. (AMEX: ELU) or Israeli companies that have had serious concerns about their unannounced and unathrorized listings on the Berlin-Bremen Stock Exchange.
June 16, 2004. (FinancialWire) It’s not just U.S. companies such as Whistler Investments (OTCBB: WHIS), Sonoran Energy (OTCBB: SNRN), Celsion Corporation (AMEX: CLN), and eLinear Inc. (AMEX: ELU) or Israeli companies that have had serious concerns about their unannounced and unathrorized listings on the Berlin-Bremen Stock Exchange.
Apparently, some 150 British companies are protesting the same fate.
A number of UK-listed companies have demanded a London Stock Exchange investigation after they found that their shares are being traded.
Meanwhile, Whistler, Sonoran and eLinear have announced they have successfully secured their delistings, and the U.S. Securities and Exchange Commission has rescheduled its open hearing to consider the adoption of amendments to Regulation Sho to June 23 at 9:30 a.m. The announcement is at http://www.sec.gov/news/digest/dig061504.txt .
According to the London Money Telegraph, “several companies believe the market for their shares has been distorted and that they have fallen in value after trading started on the Berlin-Bremen exchange.
“Some smaller companies, whose shares are lightly traded in London, fear the Berlin market has been used by speculators to short-sell their shares.”
The Telegraph said the number of companies are thought to be as high as 150, including even “larger companies” such as Matalan (OTC: MATNF) and Halfords.
Mladen Ninkov, the chairman of Aim-listed Griffin Mining (OTC: GFNMF), was quoted as saying: "We were put on the Berlin market without our knowledge by a German broker and now we've got about 8m shares out in a short sale. It is horrifying - that is about 4 per cent of the company and it is forcing the price down."
A spokesman for the London Stock Exchange said: "If there is evidence of market abuse we would refer that on to the appropriate authorities."
Whistler said that according to its transfer agent records, “we have 5,504,680 shares held by DTC, but the ADP broker search indicates of 6,217,458 shares being reported by broker/dealers as being held on behalf of their customers, indicating a short position of more than 700,000 shares. A summary report can be viewed at http://www.whistlerinvestments.com/shorts.html .
“We have therefore commenced work with DTC for a formal review of the reported excessive broker/dealer holdings of our stock so that we can conduct our corporate affairs properly in view of our planned stockholders meeting and other upcoming corporate matters. We again advise our stockholders make sure that they receive delivery of any shares that they purchase, and also that their stock is not being borrowed without authorization.
Holly Roseberry, President of Whistler Investments, states "We intend to get to the bottom of the excessive short position and bring stability back into the trading of our stock. We're happy to say that we have 5,133 stockholders and we expect all our stockholders to benefit from the shorters having to cover their short positions.”
FinancialWire has reported on the disclosure that “Dateline,” the investigatory TV program aired by General Electric’s (NYSE: GE) NBC unit, has purportedly been preparing a blockbuster expose of “Stockgate” (see separate story at http://www.financialwire.net).
It is not known if “Dateline” has uncovered continuing underworld connections to the scandal, but FinancialWire reported that Dateline may be pointing a large finger of conflict at the U.S. Securities and Exchange Commission itself, which reportedly receives a slice of every transaction fee as part of its budget. According to court filings supported by the O’Quinn/Christian legal network, almost $1 billion annually is received by the Depository Trust and Clearing Corp. for its “Stock Borrow Program,” which the lawsuits claim is just a fancy name for counterfeiting, as the DTCC purportedly lends out many multiples of the actual certificates in the float. Apparently the SEC receives a transaction fee for each transaction facilitated by these loans of non-existent certificates, which could knock a hole in its budget should the revenues from the practice be halted.
The North American Securities Administrators Association, comprised of state and Canadian regulators, has pointedly told the SEC that either it must rethink its cozy DTCC relationship, or it hints, some of its more aggressive state practitioners (think Eliot Spitzer) may do the rethinking for the SEC.
Naked short selling is worrisome for hundreds of small U.S. companies, including those recently asking to be delisted from the Berlin Stock Exchange, such as Golden Phoenix Minerals, Inc. (OTCBB: GPXM), Nannaco, Inc. (OTCBB: NNCO), 5G Wireless Communications, Inc. (OTCBB: FGWC), CyberAds, Inc. (OTCBB :CYAD), Provectus Pharmaceuticals, Inc. (OTCBB: PVCT), House of Brussels Chocolates (OTCBB: HBSL), InforMedix, Inc. (OTCBB: IFMX), Tissera, Inc. (OTCBB: TSSR), Americana Publishing, Inc. (OTCBB: APBH), Celsion Corporation (AMEX: CLN), ChampionLyte Holdings, Inc. (OTCBB: CPLY), Pickups Plus, Inc. (OTCBB:PUPS), China Wireless Communications Inc. (OTC BB: CWLC), CareDecision Corp. (OTCBB: CDED), Titan General Holdings, Inc. (OTCBB: TTGH), IPVoice Communications, Inc. (OTCBB: IPVO), Whistler Investments (OTCBB: WHIS), WARP Technology Holdings, Inc. (OTCBB: WRPT), BGR Corp. (OTCBB: BGRR), ICOA, Inc., (OTCBB: ICOA), DICUT, INC. (OTCBB: DCUTE), NHC Communications Inc. (TSX: NHC; OTCBB: NHCMF), Stratus Services Group, Inc. (OTCBB: SERV), Golden Phoenix Minerals, Inc. (OTCBB: GPXM).
Berliner Freiverkehr (Aktien) AG has been singled out as the broker and market maker that has been “listing” the companies. It is suspected that one broker, RA Angsar Limprecht, is involved in all if not most of the listings.
Small public companies are squeezed not only by hedge funds, naked short sellers, overseas listers such as the Berlin Stock Exchange, and the out-of-control “Stock Borrow Program” run by the governance-conflict-laden Depository Trust and Clearing Corporation, but to the amazement of the industry, as often and not by their own regulators.
A new staff recommendation by Annette Nazareth, director of the division of market regulation at the U.S. Securities and Exchange Commission to “outlaw” ownership of paper certificates at the same time the Depository Trust and Clearing Corporation is under intense scrutiny for alleged electronic counterfeiting has begun hitting the small public company markets, company executives, shareholders and manipulative short-selling opponents like the proverbial ton of bricks.
A Dow Jones (NYSE: DJ) article by Judith Burns sparked the uproar, as the inextricably intertwined web of connections between the SEC and the DTC, which is sagging from the weight of conflicted governance by representatives from a rollcall of industry heavyweights, including NASD, which owns NASDAQ (OTCBB: NDAQ), the New York Stock Exchange, Goldman Sachs (NYSE: GS) and Lehman Brothers (NYSE: LEH), to name only a few.
The rule proposal would bar stock transfer agents from handling shares that carry any limitations on transfer. Control over stock certificates is one of the ways that small companies have combated illegal naked short sellers. Burns quoted Nazareth as saying that these companies’ “self-help” efforts “aren’t helping U.S. markets overall.” Nazareth was quoted as saying restrictions on stocks are “a significant step backwards” in the “move from paper stock certificates to automated computerized trading.”
Nazareth said that abusive “naked” short selling has been a problem “in some cases,” but that is “best dealt with by a pending SEC proposal,” presumably Regulation SHO.
SEC Commissioner William Donaldson purportedly publicly refused to answer any questions from the NASD about the timing of the Commission’s consideration of the Regulation at a conference where he was simultaneously proposing early reforms of the mutual fund scandals. The Dow Jones said, however, that Robert Colby, SEC deputy market regulation division director, predicted the SEC will take that to a vote in early June.
The Dow Jones report noted that “naked short-selling occurs when sellers don't buy shares to replace those they borrowed, a manipulative practice that can drive a company's stock price sharply lower.
The stock certiticate plan has been put to a 30-day comment periodl Then the SEC would have to vote to adopt it. If adopted, Colby was quoted as saying that regulators might “sue firms that seek to impose restrictions on stock transfers.”
The recent lawsuit filed by Nanopierce Technologies (OTCBB: NPCT) alleges that the Depository Trust and Clearing Corp. has a lot of reasons, almost one billion of them a year, to keep illegal naked short selling in operation. It was the shot across the bow by the legendary Houston law firms of Christian, Smith, Wukoson and Jewell, and OQuinn, Laminack and Pirtle, whose notches already include environmental targets, the breast implant industry and the tobacco industry, all brought to their knees.
In comments to the U.S. Securities and Exchange Commission, C. Austin Burrell, who is providing litigation support and research for the law firms, said that StockGate is more massive than anyone may have imagined. “Illegal Naked Short Selling has stripped hundreds of billions, if not TRILLIONS, of dollars from American investors,” and have resulted in over 7,000 public companies having been “shorted out of existence over the past six years.” Burrell said some experts believe as much as $1 trillion to $3 trillion has been lost to this practice.
He stated that the restrictions on short selling were deliberately put into the Securities Acts of 1933 and 1934 because of the first-hand evidence then available that the “sheer scale of the crashes was a direct result of intentional manipulation of US markets through abusive short selling by a massive conspiracy.”
Burrell noted that the 65-lawyer team presided over by lead lawyers Wes Christian and John O’Quinn has uncovered more than 1,200 hedge fund and offshore accounts working through more than 150 broker-dealers and market makers in a joint cooperative effort to strip small and medium size public companies of their value.
Recently the NASD and U.S. Securities and Exchange Commission approved an interim naked short-selling band-aid, requiring U.S. brokers to make an “affirmative determination” that short-sellers, even foreign short-sellers, mostly Canadian, can find certificates to cover before processing the order.
Last year, many besieged public companies sought refuge from the manipulation by seeking to exit the DTC, but on June 16, 2003, the SEC stated “the issues surrounding naked short selling are not germane to the manner in which DTC operates as a depository registered as a clearing agency. Decisions to engage in such transactions are made by parties other than DTC. DTC does not allow its participants to establish short positions resulting from their failure to deliver securities at settlement. While the Commission appreciates commenters' concerns about manipulative activity, those concerns must be addressed by other means.”
The Nanopierce lawsuit, said to be the first of many out of the box, emphatically suggests otherwise. According to lawyer Christian, et.al., the DTC is at the very heart of the problem, and has almost a billion dollars a year at stake in keeping the problem.
The Depository Trust Company (DTC) is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the SEC. The depository supposedly brings efficiency to the securities industry by retaining custody of some 2 million securities issues, effectively "dematerializing" most of them so that they exist only as electronic files rather than as countless pieces of paper. The depository also provides the services necessary for the maintenance of the securities it has in “custody.”
According to the suit, the DTCC has an enormous pecuniary and conflicted interest in the entire short selling scandal through the huge income stream they were realizing from it every day. They have made literally billions of dollars lending individual real shares, in most cases over and over, getting a fee each time they made a journal entry in the “Stock Borrow Program.”
The Stock Borrow Program was purportedly set up to facilitate expedited clearance of stock trades. Somewhere along the line, the DTCC became aware that if it could lend a single share an unlimited number of times, it could collect a fee each time, according to Burrell. “There are numerous cases of a single share being lent ten or many more times,” giving rise to the complaint that the DTCC has been electronically counterfeiting just as was done via printed certificates before the Crash.
“Such re-hypothecation has in effect made the potential ‘float’ in a single company's shares virtually unlimited and the term ‘float’ meaningless. Shares could be electronically created/counterfeited/kited without a registration statement being filed, and without the underlying company having any knowledge such shares are being sold or even in existence.” Burrell said the Christian/O’Quinn lawsuits will seek to show that the “counterfeiting/creation of unregistered shares is a specific violation of the Securities Act of 1933, barring the ‘Sale of Unregistered Securities’.”
While the Nanopierce lawsuit has been filed at the state level, another companion lawsuit just heading to the courts on behalf of Exotics.com (OTC: EXII) will be argued at the Federal level.
Nanopierce’s suit in the 2nd Judicial District Court in Nevada, is Case No. CV04-01079, alleges that the DTC’s “stock borrow program” was “purportedly created to address SHORT TERM delivery failures,” but that the “end result of the program has been to create tens of millions of unissued and unregistered shares to be traded in the public market,” and in some instances resulting in “two or more shareholders who purchase shares in separate transactions to own the same shares.”
The complaint alleges that the DTC has a colossal disincentive to stop the “stock borrow” program, booking revenues from services of $425,416,000 and similarly, the NSCC deriving revenues of $293,133,000.
Further, the suit alleges that “open positions” resulting from this activity at the close of business on December 31, 2003, “approximated $3,025,467,000” due to NSCC, and $2,303,717,000 due by NSCC, and unsettled positions of $721,750,000 for securities borrowed through the NSCC’s “Stock Borrow Program.”
Nanopierce claims that DTCC and NSCC have joined in a “scheme” to “manipulate downward the price of the affected securities, thereby reducing the market value of the open fail to deliver positions.” The suit also claims that the defendants have permitted sellers to maintain open fail to deliver positions of tens of millions of shares for periods of a year and even longer.
It quotes the National Association of Security Dealers as admitting that “concerns have been raised by members, issuers, investors and other interested parties about potentially abusive short selling activities occurring in the marketplace. In particular, naked short selling, or selling short without borrowing securities to make delivery, can result in long term failures to deliver, including aggregate failures to deliver that exceed the total float of a security. NASD believes such extended failures to deliver can have a negative effect on the market. Among other things, by not having to deliver securities, naked short sellers can take on larger short positions than would otherwise be permissible, which can facilitate manipulative activity.”
Nanopierce claims that it had “relied on material misrepresentations and omissions by DTC and NSCC in trading its shares in the stock market “without knowledge of Defendants’ fraud-on-the market through statements they made about the clearing and settlement services they provided.” Further, it claims that the Defendants acted with “scienter” since they had a major financial financial motivation to falsely represent their services, which Nanopierce claims are also anticompetitive.
The largely unregulated DTC has become something of a defacto Czar presiding over the entire U.S. markets system, wielding more day-to-day influence and control than the SEC, the NASD and NASDAQ combined. And, as the SEC’s June 16 ruling indicates, its monopoly over the electronic trading system appears even to be protected.
The Depository Trust and Clearing Corp.’s two preferred shareholders are the New York Stock Exchange and the NASD, a regulatory agency that also owns the NASDAQ (OTCBB: NDAQ) and the embattled American Stock Exchange! Regulators, regulate thyself?
In an era when corporate governance is the primary interest for the SEC and state regulators, the DTCC is hardly a role model. Its 21 directors represent a virtual litany of conflict:
They include Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C); Michael C. Bodson, Managing Director, Morgan Stanley (NYSE: MWD); Gary Bullock, Global Head of Logistics, Infrastructure, UBS Investment Bank (NYSE: UBS); Stephen P. Casper, Managing Director and Chief Operating Officer, Fischer Francis Trees & Watts, Inc.; Jill M. Considine,Chairman, President & Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC);
Also, Paul F. Costello, President, Business Services Group, Wachovia Securities (NYSE: WB); John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER); Donald F. Donahue, Chief Operating Officer, The Depository Trust & Clearing Corporation (DTCC); Norman Eaker, General Partner, Edward Jones; George Hrabovsky, President, Alliance Global Investors Service; Catherine R. Kinney, President and Co-Chief Operating Officer, New York Stock Exchange; Thomas J. McCrossan, Executive Vice President, State Street Corporation (NYSE: STT); Eileen K. Murray, Managing Director, Credit Suisse First Boston (NYSE: CSR); James P. Palermo, Vice Chairman, Mellon Financial Corporation (NYSE: MEL); Thomas J. Perna, Senior Executive Vice President, Financial Companies Services Sector of The Bank of New York (NYSE: BNY); Ronald Purpora, Chief Executive Officer, Garban LLC; Douglas Shulman, President, Regulatory Services and Operations, NASD; and Thompson M. Swayne, Executive Vice President, JPMorgan Chase (NYSE: JPM).
In their comments to the SEC regarding Regulation SHO in January, the 50 state regulators, through their association, the North American Association of Securities Administrators (NASAA) issued what many consider to be a strong warning that if the DTC is not dealt with in the final regulations, state regulators such as New York State Attorney General Eliot Spitzer may step to the plate.
In what many considered to have been explosive comments, Ralph Lambiase, NASAA president and Director of the Connecticut Division of Securities, warned "NASAA urges the Commission to reconsider its stance regarding the role of the Depository Trust and Clearing Corporation (the DTC). As a threshold matter, NASAA believes that the Commission should explicitly prohibit the DTC from lending more shares of a security than it actually holds. The ability of the overall proposed rule would be severely impared unless the Commission undertakes to implement such a prohibition.”
As the Nanopierce lawsuit reveals, those were indeed strong words, meddling as it did, in a substantial revenues base for the DTCC.
Recently, leading market makers and brokers named in various lawsuits and other actions, including FleetBoston (NYSE: FBF), Goldman, Sachs & Co. (NYSE: GS), H. Myerson & Co., Inc. (NASDAQ: MHMY), Olde / H&R Block (NYSE: HRB), Charles Schwab (NYSE: SCH), Toronto-Dominion’s (NYSE: TD), TD Waterhouse Group and vFinance, Inc. (OTCBB: VFIN). A.G. Edwards, Inc. (NYSE: AGE), Ameritrade Holding Corp. (NASDAQ: AMTD), Deutsche Bank AG (NYSE: DB), and ETrade Group, Inc. (NYSE: ET), were forced to comply with new short-selling market regulations imposed by the NASD after the SEC had “sat on” the NASD request to plug material loopholes for almost 2-1/2 years.
“The new rules expand the scope of the affirmative determination requirements to include orders received from broker/dealers that are not members of NASD ("non-member broker/dealers").
The new rule is on the web at http://www.nasdr.com/2610_2004.asp#04-03
The rule itself, while welcomed by small companies and their shareholders in the U.S., nevertheless raised an outcry because the NASD’s request to put it into effect had set on a shelf at the SEC since 2001.
The scandal has embroiled hundreds of companies and dozens of brokers and marketmakers, in a web of internaitional intrigue, manipulative short-selling and cross-border acctions and denials.
Comments on Regulation SHO ended January 5, and may be viewed at http://www.sec.gov/rules/proposed/s72303.shtml .
Some 122 companies, including 13 brokers, such as FleetBoston (NYSE: FBF), Goldman, Sachs & Co. (NYSE: GS), H. Myerson & Co., Inc. (NASDAQ: MHMY), Olde / H&R Block (NYSE: HRB), Charles Schwab (NYSE: SCH), Toronto-Dominion’s (NYSE: TD), TD Waterhouse Group and vFinance, Inc. (OTCBB: VFIN). A.G. Edwards, Inc. (NYSE: AGE), Ameritrade Holding Corp. (NASDAQ: AMTD), Deutsche Bank AG (NYSE: DB), and ETrade Group, Inc. (NYSE: ET), have been embroiled for over a year in a raging controversy
The remaining 109 companies among the 122 named to date have issued press releases or been named in the media as having been victimized, or as taking various actions, either alone or in concert with other companies, to oppose manipulative trading in the form of illegal naked short selling. The actions have ranged from lawsuits to withdrawals and threatened withdrawals from the electronic trading system managed by the Depository Trust & Clearing Corp., to withdrawals from toxic financings, to the issuance of dividends or name changes designed to squeeze manipulators, to joining associations or networks or to contacting regulatory authorities to provide documentation of abuses or otherwise complain.
The complete list of those 108 companies include Advanced Viral Research Corp. (OTCBB: ADVR), AdZone Research, Inc. (OTCBB: ADZR), Amazon Natural Treasures (OTC: ANTD), America's Senior Financial Services (OTCBB: AMSE), American Ammunition, Inc. (OTCBB: AAMI), AngelCiti Entertainment (OTCBB: AGLC), ATSI Communications, Inc. (OTC: ATSC), Federal Agricultural Mortgage / Farmer Mac (NYSE: AGM) Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV), American International Industries (OTCBB: AMIN), Ameri-Dream (OTC: AMDR), Adirondack Pure Springs Mt. Water Co. (OTCBB: APSW), ATSI Communications,Inc. (OTC: ATSC) Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB: BLIIV), Bentley Communications (OTCBB: BTLY), BIFS Technologies Corporation (OTCBB: BIFT), Biocurex (OTCBB: BOCX). Broadleaf Capital Partners, Inc. (OTCBB: BDLF), Chattem, Inc. (NASDAQ: CHTT), Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), CyberDigital, Inc. (OTCBB: CYBD). Diamond International Group (OTCBB: DMND), Dobson Communications Corp. (NASDAQ: DCEL), Eagle Tech Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH);
Also, Endovasc Ltd. (OTCBB: EVSC), Enviro-Energy Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC: EPTC), Environmental Solutions Worldwide, Inc. (OTCBB: ESWW), EPIXTAR Corp. (OTCBB: EPXR), eResearchTechnologies, Inc. (NASDAQ: ERES), Flight Safety Technologies (OTCBB: FLST), Freddie Mac (NYSE: FRE), FreeStar Technologies (OTCBB: FSRCE), Front Porch Digital,
Inc. (OTCBB: FPDI), Geotec Thermal Generators, Inc. (OTCBB: GETC), Genesis Intermedia (OTC: GENI), GeneMax Corp. (OTCBB: GMXX), Global Explorations Inc (OTC: GXXL), Global Path (OTCBB: GBPI), GloTech Industries, Inc. (OTCBB: GTHI), Green Dolphin Systems (OTCBB: GLDS), Group Management (OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), Hyperdynamics Corp. (OTCBB: HYPD), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), International Broadcasting Corporation (OTCBB: IBCS), InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Investco Corp. (OTCBB: IVCO), Lair Holdings (OTC: LAIR), Lifeline BioTechnologies Inc. (OTC: LBTT), Life Energy & Technology (OTCBB: LETH), MBIA (NYSE: MBI);
Also, MegaMania Interactive (OTC: MNIA), MetaSource Group, Inc. (OTCBB: MTSR),Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), Medinah Minerals (OTC: MDMN), MSM Jewelry Corp. (OTC: MSMC), Nanopierce Technologies, Inc. (OTCBB: NPCT), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Navigator Ventures (OTC: NVGV), Orbit E-Commerce, Inc. (OTCBB: OECI), Pitts & Spitts (OTC: PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PACC), PayStar Corporation (OTC: PYST),Petrogen Corp. (OTCBB: PTGC), Pinnacle Business Management (OTC: PCBM), Premier Development & Investment, Inc. (OTCBB: PDVN), PrimeHoldings.com, Inc. (OTC: PRIM), Phlo Corporation (OTCBB: PHLC), Resourcing Solutions (OTC: RESG), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp. (OTCBB: RMECE), RTIN Holdings (OTCBB: RTNHE), Saflink Corp. (NASDAQ: SFLK), Safe Travel Care (OTCBB: SFTVV), Sedona Corp. (OTCBB: SDNA);
Also, Sionix Corp. (OTCBB: SINX), Sonoran Energy (OTCBB: SNRN), Starmax Technologies (OTC: SMXIF), Storage Suites America (OTC: SSUA), Suncomm Technologies (OTC: STEH), Sports Resorts International (NASDAQ: SPRI), Technology Logistics (OTC: TLOS), Swiss Medica, Inc. (OTCBB: SWME), Ten Stix, Inc. (OTCBB: TNTI), Tidelands Oil (OTCBB: TIDE), Titan Construction (OTC: TTCS), Trezac Corp. (OTCBB: TRZAV), Universal Express, Inc. (OTCBB: USXP), Valesc Holdings, Inc. (OTCBB: VLSHV), Vega Atlantic (OTCBB: VGAC), Viragen (AMEX: VRA), Viragen International (OTCBB: VGNI), Vista Continental Corporation, (OTCBB: VICC), Viva International (OTCBB: VIVI), Vtex Energy (OTCBB: VXENE) and Wizzard Software (OTCBB: WIZD), WorldTradeShow.com (OTC: WTSW) and Y3K Secure Enterprise Software, Inc. (OTCBB: YTHK).
Earlier in 2003, the SEC fined Rhino Advisors, Inc., $1 million for its representation of Amro International in the financing and manipulation of Sedona Corp. Amro, also known as AMRO, was registered in Panama, a secretive offshore haven, but was not named in the SEC settlement. Another 60 public companies may have been manipulated by the fined Rhino Advisors and its indicted principals, or its funding apparatus, Amro.
These include:
All American Food Group Inc (OTC: AAFGQ), Amanda Co Inc (OTC: AMNA), Antra Holdings (OTC: RECD), Aquis Communications Group Inc (OTCBB: AQUIS), Avanir Pharmaceuticals (AMEX: AVN), Bionutrics Inc (OTC: BNRX), Brilliant Digital Entertainment Inc (AMEX: BDE), Bravo! Foods International Corp. (OTCBB: BRVOE), Butler National Corp (NASDAQ: BUTL),Calypte Biomedical Corp (OTCBB: CYPT), Chemtrak Inc/DE (OTC: CMTR), Clicknsettle Com Inc (OTCBB: CLIK), Corporate Vision Inc (OTC: CVIA), Crown Laboratories Inc/DE (OTC: CLWB), Dental Medical Diagnostic Systems Inc (OTC: DMDS), Detour Media Group Inc (OTC: DTRM),
Also, Digital Privacy Inc/DE (OTC: DGPV), Senior Services Inc (OTC: DISS), International Inc (OTC: DYNX), Endovasc Ltd Inc (OTCBB: EVSC), Esynch Corp/CA (OTCBB: ESYN), Focus Enhancements Inc (NASDAQ: FSCE), Frederick Brewing Co (OTC: FRBW), Greystone Digital Technology Inc (OTC: GSTN), Havana Republic Inc/FL (OTCBB: HVNR), Henley Healthcare Inc (OTC: HENL), Hollywood Media Corp (NASDAQ: HOLL), Ibiz Technology Corp (OTCBB: IBZT), Diagnostic Systems Inc/FL (OTCBB: IMDS), Imaging Technologies (OTCBB: IMTO), Integrated Surgical Systems Inc (OTCBB: RDOC),
Also, Interferon Sciences Inc (OTC: IFSC), Interiors Inc (OTC: ITRNA), Laminaire Corp (OTC: THMZ), Medisys Technologies Inc (OTC: SCEP), Milestone Scientific Inc/NJ (AMEX: MS), Nevada Manhattan Group Inc (OTC: NVMH), Innovations Inc (OTCBB: NTGE),Systems Group (OTC: OSYM), Pacific Systems Control Technology Inc (OTCBB: PFSY), Professional Transportation Group Ltd Inc (OTC: TRUC), Rnethealth Inc (OTC: RNTT),
Also, Sand Technology Inc (NASDAQ: SNDT), Sedona Corp (OTCBB: SDNA), Silverado Foods Inc (OTC: SVFO), Stockgroup Information Systems (OTCBB: SWEB) Surgilight Inc (OTC: SRGL), Tasty Fries Inc (OTCBB: TFRY), Tech Laboratories Inc (OTCBB: TCHL), Teltran International Group Ltd (OTC: TLTG), Titan Motorcycle Co of America Inc (OTC: TMOTQ), Trans Energy Inc (OTCBB: TSRG), Motorcycle Co (OTC: UMCC), Universal Communication Systems Inc (OTCBB: UCSY), Medical Systems Inc (OTC: UMSI), Vianet Technologies Inc (OTC: VNTK),Viragen Inc (AMEX: VRA), Webcatalyst Inc (OTC: WBCL), Worldwide Wireless Networks Inc (OTCBB: WWWNQ), and ZAP (OTCBB: ZAPZ).
For up-to-the-minute news, features and links click on http://www.financialwire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
~CAUL Shell .19 X .20, active again.~Rig
~PLKC .048 X .05 Chart... trying to break through 200 ma........
~Rig
~FSIJ News...
Food Safe International Completes Distribution Agreement with I.M. International Trading Corp.
By Staff
TORONTO, Jun 15, 2004 (PRIMEZONE via COMTEX) --
Food Safe International, Inc. (Pink Sheets:FSIJ) is pleased to announce that it has finalized its Letter of Intent with I.M. International Trading Corp., a Nevis-based company, to distribute our food safe process. I.M. International will represent Food Safe International in the Caribbean and act as a gateway for distribution of the food safe process and additional food safety products throughout the Caribbean.
Food Safe International will begin with the distribution of ozone purification equipment available to Food Safe International via an affiliate partner. Ozone equipment is expected to be available for shipping over the next few months. I.M. International will also distribute additional products that Food Safe International has to offer as they become available.
Food safety is an extremely important issue that affects all of the world's people. Countries in the world are becoming increasingly more independent on both their food supply availability and food safety. Food Safe International plans to be in a position to provide both the equipment and processes needed to meet the escalating demands of the world in respect to food safety.
About Food Safe: The main goal of Food Safe is to eliminate food safety and sanitation issues and provide methods to improve procedures to minimize risk and liability. Food is one of the most mobile commodities traded internationally. Consumers are asking more questions and demanding answers. Whether the commodity is spices (insect contamination), beef (E. coli), strawberries (Hepatitis A, salmonella), fish (mercury) or any of thousands of foods traded globally, consumers and buyers are demanding new standards of quality, safety and nutritional value.
Protecting people from food borne illness is Food Safe's number-one priority. Food Safe's comprehensive program is a proactive approach to food safety. Spurred into action by food crises in the global beef industry, there is an international consensus that producers and food industry stakeholders require a reliable methodology and technology for verifying food production and food safety.
Forward-looking statements in this release are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all 'other risks' associated with business.
SOURCE: Food Safe International, Inc.
Food Safe International, Inc.
Jason Wong
416-417-4779
info@foodsafeint.com
www.foodsafeint.com
--------------------------------------------------------------------------------
(C) 2004 PRIMEZONE, All rights reserved.
News provided by
OT:Czech,
Congrats!!!
~Rig
~PKSP Volume surge ~Rig
~BRVO .26 X .27 more bid support building.~Rig
~RUBM News...
Ruby Mining Signs Agreement With Underwater Treasure Associates
By Staff
ATLANTA, Jun 15, 2004 (PRIMEZONE via COMTEX) --
Ruby Mining Company (OTCBB:RUBM) ("Ruby"), which conducts its operations through its wholly-owned subsidiary, Admiralty Corporation ("Admiralty"), announced that it has entered into an agreement with Underwater Treasure Associates, LLP for purposes of managing the exploration and recovery of valuable shipwrecks and cargos and other underwater cultural heritage at a site in the Gulf of Mexico. Underwater Treasure Associates is the owner and salvor-in-possession of property within its permitted area pursuant to a ruling of a U.S. District Court. Initial survey work is expected to be conducted on site within the next few weeks.
This agreement represents the first of a series of planned actions which are designed to diversify Ruby's operations and opportunities. The agreement does not give Underwater Treasure Associates any ownership position in Ruby or any rights in, or access to, the proprietary ATLIS(TM) technology. Instead, it allows Ruby to share the rights in a marine permit which will enable both companies to benefit if any shipwreck in the permitted area contains valuable cargo.
As Ruby continues to analyze the data collected from its expedition on the Pedro Bank (under license from the Government of Jamaica), begins preparation of a restoration laboratory, and completes and tests the ATLIS(TM) field unit, we intend to fully utilize our research vessel, the New World Legacy, on other projects to maximize utilization of our resources.
In other news, Ruby has taken steps to de-list its stock from the Berlin Stock Exchange. Over a short period of time during April, over 200 U.S. companies were listed on the Berlin Exchange without their consent or knowledge. Ruby was one of these companies. CEO, G. Howard Collingwood, states: "It is in the best interest of our shareholders for us to control where our stock is listed. We do not believe that the initiator of this listing had Ruby's best interests in mind in making this listing."
Additional information about the company can be found at www.admiraltycorporation.com.
Forward-Looking Statements Caution:
This release contains "forward looking statements." Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements are based on expectations, estimates and projections that involve a number of risks and uncertainties (some of which are described in the Company's Annual Report for 2003 on Form 10-KSB filed with the SEC) which could cause actual results or events to differ materially from those anticipated. Ruby does not undertake to update any of its forward-looking statements that may be made from time to time.
SOURCE: Ruby Mining Company
Ruby Mining Company
G. Howard Collingwood, COB & CEO
(404) 231-8500
http://www.admiraltycorporation.com
http://www.macreport.net
--------------------------------------------------------------------------------
(C) 2004 PRIMEZONE, All rights reserved.
News provided by
Welcome redsamurai!! ~Rig
We need some of that fire to start spreading from the ribs to the stock price.lol.~Rig
Churak/FSIJ,
I do not normally play these kinds of stocks with the huge floats and o/s but many have been moving.I wont be marrying it .lol.
~Rig
Churak/FSIJ,
Thanks, They have a few LOI's pending and I figure if they get just one, it should make a nice move.Chart is good also IMO.
~Rig
~BRVO .26 X .27 Bid support building.Triple top coming IMO...
~FSIJ has some LOi's pending.Gonna hold this for a bit.~Rig
~PKSP News...
PocketSpec Technologies Inc. Announces New Significant Markets for Tanning Products and Software
By Staff
DENVER, Jun 14, 2004 (PRIMEZONE via COMTEX) --
PocketSpec Technologies Inc. (OTCBB:PKSP) announced the appointment of Jim Humphries of Hybrid Intelligent Technology, Liverpool, England, to pursue new markets for PocketSpec's tanning industry products and software.
Laser Surgery is the first market as Mr. Humphries has recently delivered PocketSpec's Bronzv(r) device to a leading producer of laser surgery instruments, who believes the device may be easily adapted as a skin typing tool to sell with its surgical instruments. Results are not yet concluded, but if successful, at least 1,000 devices are expected to be sold, according to discussions.
The other market which Mr. Humphries will immediately pursue, is the presentation of PocketSpec's tanning industry technology to the UK tanning industry association. Mr. Humphries believes a perfect window of opportunity exists for PocketSpec to provide a tool to scientifically monitor and protect against over exposure to UV (Ultra Violet Light).
Japan's tanning association industry (JSA) has already purchased 120 of the Bronzv(r) devices for some of its members.
The situation is critical to the tanning industry worldwide with increasing medical industry and consumer publications of negative information, and skin cancer risks associated to UV exposure, as well as legislative attempts fought hard by tanning industries such as the ITA, the Indoor Tanning Association in the US.
PocketSpec would like to provide the needed tools of self-regulation instead of industry feared government regulation.
The Bronzv(r) device, launched in November 2002, sells for $349.00 (US), and is used to measure how a client is getting more or less tan, represented by a TanTone(tm) number from Zero to 1,000. In November 2003, the TanTone(tm) System was launched. This software system, built by tanning industry software developer, Interactive Designs, Inc. (IDI), increases versatility by allowing a salon to store client records, TanTone(tm) numbers, and graph tanning progress. An easy automated skin-typing questionnaire in also included. The TanTone(tm) System is $699.00 (US).
The UV exposure fear has spawned a boom in the spray tanning industry, called "Sunless Tanning", and some manufactures of these tanning systems and salons that use them have embraced PocketSpec's TanTone(tm) System and the Bronzv(r) device as a method of programming Sunless Tanning schedules.
PocketSpec is especially positioned to immediately modify its software to incorporate in the new markets. This is due to a recent agreement with IDI that transferred 100% ownership to the source code used in the stand-alone TanTone(tm) System to PocketSpec, in exchange for PocketSpec's agreement to continue selling USB version Bronzv(r) devices to IDI, which it sells with its salon management software -- SalonTouch and SunTouch Plus. Now PocketSpec may further develop, refine, license and sell its software, with a significant timing advantage.
PocketSpec is launching a worldwide promotion of the TanTone(tm) System and is offering to distributors quantity purchases in a choice of languages. PocketSpec's software partner Logicol S.r.l. of Italy plans to make the needed language changes and other changes to address the needs of these new markets.
An on-line demonstration can be seen of the English language version of the TanTone(tm) System at www.tantone.net.
More information on PocketSpec's current business operations and other products can be found at www.pocketspec.com or by telephone at 303.393.8060. Email to info@pocketspec.com.
Forward-Looking Statements. All statements contained in this press release that are not statements of historical fact constitute "Forward-Looking Statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from historical results or from any future results expressed or implied by such forward-looking statements. Readers are urged to consider statements that include the terms "believe," "belief," "expects," "plans," "anticipates," "intends" or the like to be uncertain and forward-looking. Forward-looking statements also include projections of financial performance, statements regarding management's plans and objectives and statements concerning any assumptions relating to the foregoing.
SOURCE: PocketSpec Technologies Inc
PocketSpec Technologies Inc.
Phone: (303) 393-8060
info@pocketspec.com
www.pocketspec.com
--------------------------------------------------------------------------------
(C) 2004 PRIMEZONE, All rights reserved.
News provided by
Money/ALL here is the link, yes I saw booth 1360 near Oracle and Citrix systems.
http://center.uoregon.edu/conferences/ISTE/NECC2004/
Rig
CED/LMAO!!!! It's nice that the record be kept straight.Like I said several times when the TRBY P+D jargon started last week, It's important that you post responsibly.Some ceo's wont put up with that crap and Large is one of them.I guess with the recent MSFT relationship, he's even more careful about protecting everyones investment and squashing inaccurate information.When I bought his company, I invested in the ceo.Top notch IMO.
~Rig
newyorkscorpio,
I think you have clarified your position.Thats all that was needed.Many took your post for what it was worth and as you know, opinion and fact are quite different.
Be Well, and stay out of the shower.
~Rig
newyorkscorpio.
Ok you clarified, it's a hunch.
I really could care less about another s8 because i'm sure it wont be much and we have MSFT in our corner helping with the product.Besides IMO there will be none next week as you originally claimed.Not many small companies can say they have MSFT assisting them.If you are short term, I guess you worry every day.
~Rig
newyorkscorpio,
Are you stating this as fact or opinion?
I didn't see an IMO after your statement.If this s8 doesn't happen next week, your making problems for yourself.
Just clarifying.
~Rig
jawmoke, They sent me a cheese grater.~Rig
Good info BUZZ, here is the site for those of you who would like to save it.............
http://www.investorhouse.com/symbols.shtml
~Rig
CED/TRBY,
That poster is currently in Jail on IHUB.I would not believe anything a jailbird says.I think Bubba needs to pay him a visit.Maybe he wants entry like some others last week with the P+D routine.
Large scamming MSFT into a relationship with him.Whats the next rumor?
~Rig
bruce2003, save this site also.......
http://pinksheets.com/quote/company_profile.jsp?symbol=SMOC
~Rig
What? I can't hear you??????? ~Rig
flotariferous, Thanks for the inforiferous. ~Rigariferous
mgland,
diamondiferous????????????. LMAO. Thats a new one!!!!!!
~Pastariferous
armyseal,
I think it means it's good to be in the minority for certain stocks.After all, the masses usually lose!
Oh theres lots more in that post.
~Rig
jawmoke,LMAO
BRIG is, kinda sheepish.
~Rig
thegreatbear/RUBM......
http://www.investorshub.com/boards/read_msg.asp?message_id=3256896&txt2find=rubm+
~Rig
~RUBM Link to London Guardian Newspaper for this Saturdays article......
http://www.guardian.co.uk/guardian
~Rig
~RUBM Just saw this...Look............
Just a heads up to all of you who are interested…. We will be featured in an article in London’s Newspaper “The Guardian” in this Saturday’s edition (June 12)
www.guardian.co.uk/guardian
~Rig