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Seaview to be sold in over 230 West Marine retail stores and on the West Marine internet sit......Xmas just might be very good for Seaview
http://biz.yahoo.com/bw/010816/162352.html
SeaView CEO George S. Bernardich III and COO Mike Ambler returned last week from a product-sourcing trip to China. In addition to a new-product review, the executives solidified plans to source the popular SeaLite and TrakView marine products offshore at a cost savings of 50 to 70 percent. Said Bernardich: ``This will allow us either to increase margins, or lower the wholesale pricing while holding margin and increasing market share.'' He indicated the initial deliveries would be timed for this year's holiday-season retailing.
http://www.seaview.com/033001.htm
West Marine VP-Merchandising Ken Corwin, in a statement to SeaView CEO George S. Bernardich III, said: ``We look forward to this partnership with SeaView, the largest underwater-video system manufacturer in the world. SeaView's quality products and warranties mesh very well with the West Marine team, as we are an industry leader that offers our customers a tremendous selection of quality products, friendly and knowledgeable service, competitive prices and a ''No Hassle`` satisfaction guarantee. In addition to our 230-plus retail stores, SeaView will be offered in our catalog and on the internet.''
If Seaview gets $8500 for a 8 camera system with PC, how much do you think they get for a 32 camera system?
http://www.8amall.com/cgi-bin/ncommerce3/ExecMacro/Product/ip_prdl.d2w/report?prrfnbr=8536418&pr...
News is out
http://biz.yahoo.com/bw/010816/162352.html
Thursday August 16, 1:22 pm Eastern Time
Press Release
SOURCE: SeaView Video Technology, Inc.
SeaView Reports Sales +52%, Net Income +88.4% in Q2
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Aug. 16, 2001--SeaView Video Technology, Inc. (OTCBB:SEVU - news) released its second-quarter reports this week, citing a record sales increase for the quarter ending June 30. Sales increased 52%, while net income from operations increased 88.4% against the same period in 2000. According to the report, the gains came from the addition of new retail partners including Costco, West Marine, SuperCircuits Inc., SmartHome.com, The Sports Authority, Jimmy Houston's Fishing Stores, AllProBass.com, Heartland America Inc. and SkyMall Inc. The second-quarter figures also reflected the long-awaited mass production and initial shipments of the Company's SecureView products.
Other positive notes for the company's statement of operations included a gross profit increase of 89.7% and a 67.1% reduction in total operating expenses, stemming from operational changes implemented by the new management team.
Initial installation of the SecureView SPLSS is underway at a Tampa Bay area Wal-Mart store. Requests for site analysis now include shopping-mall REIT General Growth Properties Inc., Target Stores, and The Home Depot. The SecureView Parking Lot Surveillance System (SPLSS) uses patented IRFS powerline technology to transmit surveillance video from distant areas of the store parking lot, back to a monitoring site within the store. SecureView cameras, mounted on existing light poles, use the AC power lines for video transmission. This eliminates the need for expensive underground cabling and construction problems.
SeaView CEO George S. Bernardich III and COO Mike Ambler returned last week from a product-sourcing trip to China. In addition to a new-product review, the executives solidified plans to source the popular SeaLite and TrakView marine products offshore at a cost savings of 50 to 70 percent. Said Bernardich: ``This will allow us either to increase margins, or lower the wholesale pricing while holding margin and increasing market share.' He indicated the initial deliveries would be timed for this year's holiday-season retailing.
SecureView and the Company enjoyed much attention during this week's National Hardware Show & Building Products Exposition, at Chicago's McCormack Place. The NHS expo is the world's premier event for building-trade professionals. Attending buyers, contractors, and members of the press showed a high level of interest in the ``Camera in a Light Bulb' technology. Next stop on the trade-show circuit is the International Security Conference and Expo, August 28-30 at New York City's Jacob K. Javits Convention Center. The event presents a broad spectrum of workshops and educational sessions, coupled with technology exhibits, which attract security professionals from private, public, and governmental sectors worldwide.
SeaView has supplied SecureView products to police departments and school systems throughout the USA, as well as to the FBI, US Border Patrol, FedEx Corporation, and Tropicana Products, Inc.
ABOUT SEAVIEW VIDEO TECHNOLOGY INC.
SeaView Video Technology, Inc. is the largest manufacturer of Infrared Underwater Camera Systems. The SeaView Marine Division has over 12,000 systems in service with fishermen, divers, the US Coast Guard, US Customs, environmental scientists, and police and fire department dive rescue teams.
SecureView, the Company's innovative ``camera in a light bulb,' incorporates proprietary IRFS(tm) technology to transmit live video through the electrical wiring of any home, office, or building. SecureView eliminates expensive installation costs, drilling and cables. SecureView DC(tm) uses the same principles to transmit live video through the electrical systems of vehicles, trucks, buses, ships, and railway rolling stock. A version of IRFS capable of LAN/WAN data transmission over power lines has also been introduced.
The Company's marine and security products are GSA listed. Its technology is covered under 14 patents granted and two patents pending. SeaView trades under the OTC BB symbol SEVU.
website: http://www.sevu.com
email: info@sevu.com
THIS PRESS RELEASE contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of SeaView Video Technology Inc. to accomplish its stated plan of business. Although SeaView Video Technology Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by SeaView Video Technology Inc. or any other person that the objectives and plans of SeaView Video Technology Inc. will be achieved.
--------------------------------------------------------------------------------
Contact:
SeaView Video Technology, Inc., St. Petersburg
J R Cox, 727/866-3660
email: info@sevu.com
Seaview’s continues to contain cost by reducing salaries and wages by 55.7% during the quarter
Seaview’s net revenue increased 52.0 percent during the quarter over last year.
FG, if you would have read post 10815 you would have found that I had already apologized to you.
Come on George….close the Taiwan contact…..from the 10Q
Our Government Sales effort continues to evolve from our GSA listing, police departments, and schools. We continue to move forward on negotiating and closing a Taiwan contract for SecureView product. The closing of any Taiwan contract is not expected until late 2002.
This is the kind of good news I need to hear on a day like today……from the 10Q
The Retail-Partner sales efforts are driven by the team of thirteen independent
manufacturer's sales representatives. The Company plans to continue expanding
this team. The team is aggressively cultivating and negotiating new retail
partners. We have several vendor agreements in various stages of processing, and
we will announce these new retail partners as they are confirmed. To date, West
Marine, Costco, Supercircuits, Inc., SmartHome.com, The Sports Authority, Jimmy
Houston's Fishing Stores, AllProBass.com, Heartland America and SkyMall, Inc.
are on the SeaView team of retailers. They join our 700 plus dealers across the
United States and overseas in selling and promoting SeaView products through
various channels. The recent addition of Unified Marine, Inc. as a dealer and
teaming partner will allow this sector to grow.
My relationship with McBride is of no concern here.
And just so you don’t have to ask, no I didn’t get any of the 10 cent shares.
FG, why did it take you more then one year to figure this out? If you felt this way in the past why didn’t you speak up? Back in the old days on RB you never mentioned McBride’s loan as being an issue.
UB43, if you think Seaview has broken some type of a SEC law, why don’t you contact the law firm of Foley & Larder in Tampa I believe. This is the law firm that is handling all of Seaviews SEC compliance issues. Why don’t you guys stop playing armchair lawyer?
Frank, Please explain to the board why you had a change of heart about McBride posting.
http://www.investorshub.com/boards/read_msg.asp?message_id=52784
Posted by: Francois+Goelo
In reply to: Rich McBride who wrote msg# 6197 Date: 2/28/2001 12:35:02 AM (ET)
Post # of 10853
Hi Rich, a few Chapters of your Book...
are already on this Thread and it's nice to have you here, as a long shareholder/poster, like most of us... Bashers can no longer take pot-shots at you, since you deserve the same respect afforded to all posters on this Thread, for a change...
FG, if you can’t be objective about you job here, maybe you should remove yourself.
Frank, Are you going to apologize to all the bashers? You certainly had no problem with McBride post in the past. I’m guessing by your quick reply about this regulation and that regulation that you certainly were aware of them before. How come it didn’t bother you then?
Frank, Who is in charge at Seaview?
http://www.investorshub.com/boards/read_msg.asp?message_id=125383
Posted by: Francois+Goelo
In reply to: BillBranum who wrote msg# 9465 Date: 6/12/2001 12:39:29 AM (ET)
Post # of 10844
BB, Irrelevant: McBride is NO Longer in Charge...
at SEVU and you, of all posters, should really avoid digging in the past...
http://www.investorshub.com/boards/read_msg.asp?message_id=92067
JMHO, F. Goelo + + +
Frank, Are you say you no longer fell this way.....are you saying you were wrong?
http://www.investorshub.com/boards/read_msg.asp?message_id=125377
Posted by: Francois+Goelo
Date: 6/12/2001 12:28:27 AM (ET)
Post # of 10842
Short Report of my Visit to SEVU, June 2001...
1) Management...
http://www.investorshub.com/boards/read_msg.asp?message_id=124919
The main purpose of this visit, was to form an opinion of the new management, which is a VITAL part of any small enterprise, such as SEVU... I first met with CFO Doug Bauer, a focused and dedicated number cruncher, who seems to have been able to bring Credibility to the accounting process at SEVU, for a change... He has practically completed the transition from his previous Job to work full time with SEVU...
George Bernadich was the surprise, as I expected an older man... He seems to be in his forties and makes an excellent impression, as a well rounded CEO... Even though McBride's opinion is certainly valued, George is clearly running SEVU, together with Doug and the COO, whom I didn't meet, as he was "on the road"...
2) Credibility...
I spent a lot of time discussing means to restore some Credibility to SEVU, before the arrival of convincing Financial Results...In particular, I made it clear that any purchase of stock in the open Market by Management is a Bullish event that should be reported electronically to the SEC in the shortest possible time... Likewise, although the Private Placement may not require reporting, it should be done as a matter of fact in an 8K, without delay...
3) Product availability...
I believe that the production bottleneck issue has been resolved and that product availability can be scaled up fairly quickly to meet demand... Additional suppliers operating Internationally in low cost countries are being lined up, as well... I saw the picture provided by the new Camera Boards and the improvement in quality is incredible...
4) Expected Business for 2001...
The outstanding order Backlog is being processed and I gathered that around 60% of the $9 Million orders received last year should be salvaged... The Taiwanese order still appears to be a good possibility but the outfitting and maintenance of Security Cameras in the Parking areas of a number of major Retailers may have the biggest business potential...
It may take around 6 months for the major retailers already signed up to come on stream with products on their shelves, so direct selling will still be promoted in the meantime... In my view, total sales numbers for 2001 could range from $5 to $10 Million, depending on the date of closing of major deals and should ramp up substantially in 2002...
5) Conclusion...
I believe the worse is over for SEVU and that we should now get more good News than bad News and I am confident that the new management Team has a good chance to pull it off... I am not overly concerned by the Class Action Suit, as already one Attorney, Mr Piven has pulled off, according to an e-mail addressed to me and the action my never receive Class Action Status from a Judge, anyway...
The Products are definitely excellent, fit a market niche and a need, the management is very capable and seems to have sufficient funding to see its plans go through, so I'm CAUTIOUSLY Optimistic... The concentrated selling of large long positions with little or no cost basis and the accompanying Shorting should end sooner or later, allowing a long awaited rebound to take place...
6) Disclaimer: This is only the personal opinion of a potentially biased long - who has often been wrong before - not a recommendation and no responsibility is accepted for errors or omissions... Would-be investors should carry out extensive Due Diligence, be wary of posts on Message Boards and only invest what they can afford to lose...
JMHO, F. Goelo + + +
My apologies to FG, it does say they were restricted shares
FG,
Can you please show me where it states that he returned restricted shares.
Why is it that you have known for over one year about the loan and it is just now that it bothers you.
Where are the calls for Bernardich’s head? You guys are aware that he is the CEO.
Thank you cabos tacos for proving my point. Redirect the issues back to McBride and not Bernardich
FG,
I would suggest that before you join forces with the rest of the bashers that you first apologize to all of them.
Finding out what the PP has cost shareholders does not overly excite me, like most of you. What I don’t understand is that all the discussion is on McBride. Shouldn’t this thread be focusing on the current board of directors? Your complaints should be directed to George Bernardich. Last time I checked, he is the guy running the company. If something illegal has taken place during his tenure, it would be his butt on the line not McBride’s.
Something new on the Seaview web site.
http://www.sevu.com/invoverview.htm
The information contained herein is not intended to directly or indirectly provide advice as to the value of the company's securities, or as to the advisability of investing in, holding, or selling such securities. This material is furnished solely for informational purposes and should not be construed as an offer to sell, nor the solicitation of an offer to buy, any security
SeaView Video Technology, Inc.was originally formed as SeaView Underwater Research, Inc., a Florida Corporation, on April 2, 1998. The Company had no operations prior to incorporation. The Company was acquired by Gopher, Inc., a Nevada Corporation, on March 22, 1999. The combined entity was subsequently renamed SeaView Underwater Research, Inc. The Company then modified its corporate name to SeaView Video Technology, Inc.
SeaView manufactures underwater video cameras, lights, and accessories for the marine, commercial, and consumer retail markets. The Company has also developed and manufactures a video security system utilizing exclusive patented technology, which enables video transmission through existing electrical wiring. The key product, SecureView, is a light bulb camera and decoder system. The Company sells and distributes its product lines through the following channels: (1) direct to the public and government (2)through a network of approximately 700 independent dealers and (3) through an expanding retailers network. Production is contracted through several outside assembly companies. The Company has registered trademarks for many of its products.
MARINE PRODUCTS
SeaView manufactures and produces a distinct line of underwater video cameras, utilizing specially-modified CCD miniature video boards with infra-red emitters. The video boards are produced specifically for the Company, with proprietary modifications for the unique requirements of underwater applications. These modules are then placed within patented-design housings, which allow for various consumer and commercial configurations. Complete ready-to-go systems also include a proprietary viewing hood, a TV monitor, proprietary brackets, a kit of connectors, adapters, and power supply components, and a carrying case.
The Company also manufactures an underwater lighting product, trademarked SeaLite. The SeaLite uses a powerful halogen lamp to attract baitfish, which attract predator fish. The SeaLite is also offered as a lighting accessory for the Company's camera packages. A proprietary cable clamp is available as an option for this application.
Underwater camera systems are offered in three series: Super-Mini, Mini, and full size ("Offshore Series"). Infrared-enhanced black and white is standard; color is optional. Each respective series has a "TwinCam" package with both an IR/BW and a color camera probe.
TrakView is an electronic device which overlays data from an external GPS receiver onto any video signal, allowing a camera user to see and record the exact position directly on the video picture.
SECURITY PRODUCTS
The trademarked name, SecureView, is the key brand identifier for a range of security products incorporating IRFS (Induction Radio-Frequency System), a technology which enables video transmission over electrical conductors, both AC and DC.
SECURITY PRODUCTS---Retail
The core SecureView product is the "camera in a light bulb" design. The Company produces two types: outdoor (based on the style of a PAR-38 floodlamp) and indoor (based on the style of an R-30 lamp). Modified miniature CCD video camera boards with infrared emitters supply composite video to the IRFS circuitry within the proprietary lamp housing. A receiver component "decodes" the IRFS signal sent over the power line, and provides a composite-video feed to any standard television or recorder. The system comprises several individually-patented components. The retail system consists of a camera light bulb, decoder box and RCA connecting cable.
In addition, an IR Floodlight has been developed to enhance the performance of the camera in total darkness.
The IRFS circuitry is available in a DC variant, labeled "SecureView DC." Current board sets operate at voltage ranges from 12 volts to 28 volts and are suitable for a variety of OEM applications in cars, trucks, boats, and RVs.
SECURITY PRODUCTS---Commercial
The company manufactures and produces a commercial version of the SecureView system for schools, nursing homes, warehouses, banks, hotels, storage units, etc. An enhanced multi-camera system utilizes custom software and hardware in conjunction with a personal computer.
PowerCam utilizes a CCD miniature video camera, IR Floodlights, and IRFS technology within an emergency-lighting housing.
SECURITY PRODUCTS---Government
Enhanced SecureView systems for applications within government agencies, the military, and law enforcement are designed to the specifications designated by the purchasing agency. These systems may also be monitored worldwide with custom designed software.
The company manufactures a Vehicle Inspection Camera (VIC) utilizing modified CCD video boards with infra-red emitters produced specifically for the requirements of government applications. The camera is mounted on a lightweight alloy deployment system (patent pending) with a viewing monitor mounted on a specially designed easy-clip bracket (patent pending).
A complete range of all SeaView products and system configurations, including underwater cameras, have been developed for this category and listed for purchase via GSA order codes.
DENTAL PRODUCTS
During 2000, the company began development of dental applications for the SeaView/SecureView cameras. The DentaView is currently being presented to dentists for review and evaluation. It is an extra-oral camera that provides significant improvements over intra-oral extra-oral systems currently being sold in the marketplace.
INDUSTRIAL PRODUCTS
SecureView DC board sets are appropriate for OEM inclusion in trucks, tractor-trailers, containerized freight, rail, ship, and aviation applications. Aftermarket packages for fleet retrofit are being developed to maximize the key SecureView advantage: no additional wiring is required.
Lift-Cam allows forklift operators to see the exact placement of pallets or other cargo, even in low light. Misplacement of pallets is a major safety concern and creates high-cost damage.
Well Cam is currently undergoing tests and meeting code requirements for oil and gas well applications. This concept allows this industry to have an economical method of viewing oil and gas pipelines and drill casings. The unique properties of the camera make it well suitable to no light environments.
Madhatter,
What I don't understand about the longs and shorts is why do they come here looking for any meaningfull answers. What is stopping you from picking up the phone and asking for yourself? What makes you think that you can trust anything that a long or short would post here? I'm guessing that you are the one that is afraid to ask George.
How much does the wire21 product cost????
Don't worry I have the answer....
set of acVIDEO units with mono audio $350 per transmitter & receiver set
set of acVIDEO units with stereo audio $400 per transmitter & receiver set
How much for the camera...lets say something that I can install outside with no effort????
Is the transmitter waterproof???? How do I mount it to my flood light socket outside or on the pole in the parking lot???
Print,
What do you base your opinion on?
Class Action and Complex Litigation Information
http://www.classactionlitigation.net/contents.htm
Steps of a class action
http://www.claiminformation.com/classactions.htm
Step 1: The first step is the drafting and filing of a complaint against the defendants. This document is then filed in court and delivered or "served" on the defendants by the U.S. mail or a process server.
Step 2: After the complaint is filed, the defendants will usually file an answer denying the allegations. Alternatively, they may elect to challenge the complaint by filing certain motions challenging the lawsuit. If motions are filed, an answer will be required after the judge rules on the motions unless the case is dismissed.
Step 3: After the answers are filed and any motions ruled on, a period of "discovery" will usually take place. Discovery involves the lawyers demanding documents from the other side, asking written questions, and taking depositions. Often courts will hold a conference with the lawyers and set a timetable for preliminary discovery needed for certification to be completed.
Step 4: During the discovery phase, the defendants may file motions to challenge the legal sufficiency or underlying factual basis for the action. These are usually called motions for summary judgment. If a defendant wins, some or all of the claims of plaintiffs may be dismissed.
Step 5: After all preliminary discovery is completed, the plaintiff will file motion to certify a class action. The defendants will file objections to certification. The Court will have a hearing. If plaintiffs win, the case proceeds to be certified.
Step 6: Notice. If the lawsuit is one for money, the court will order notice go to the class. Notice is published in the newspaper or sent through the mail. This notice advises class members of their rights, and sets deadlines for objecting, "opting out," or entering an appearance through a lawyer.
Step 7: Trial or Settlement. After final certification is granted, additional discovery may be needed before the case is tried. After that discovery is completed, the case is set for trial unless it settles. The trial of a class action procedurally is the same as for any other civil lawsuit.
Get you SeaView gear at All Pro Bass
http://www.fishingworld.com/AllProBass/Details.tmpl?ID=990647874117081&Cart=994992098122081
SeaView will be at the National Hardware Show & Building Products Expostion, August 12-14, McCormick Place, Chicago, Booth 12604
http://www.nationalhardwareshow.com/cgi/menu.pl?id=9
Print,
You are so interested in being able to set up a securview camera as a web cam that I will supply you with this link so that you can learn all the ins and outs. I know this isn't as fancy as what Seaview is offering (multi camera and alarm zones) but it would surely work for a single camera system. I'm guessing that even you could set it up after looking over this web site.
At the bottom of each page you can go onto the next lesson...Have fun
Welcome to the WebCam Lab! The place to set up YOUR OWN WebCam!
http://developers.webcamworld.com/webcamlab.html
Looks like there are lots of options print
http://stage.webcamresource.com/cgi-bin/jump.cgi?ID=19
How about this one print
http://www.pegasusimaging.com/webcam/cswebcam.html
Here is your software print.....I'm sure there are many more. I'm done playing with you now so run along
http://software.symantec.com/dr/v2/ec_MAIN.Entry10?V1=298509&PN=1&SP=10023&xid=27674&...
pcAnywhere 10.0
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Print you are just too funny.
VideoFX Video Capture Card
Transform your Macintosh into a virtual video-editing studio!
http://www.cc-inc.com/macmall/shop/detail.asp?DPNo=56616
or for you Microsoft based machine.
ATI TV Wonder
http://www.cdw.com/shop/products/default.asp?edc=198181
Or pick any of these
http://computershopper.zdnet.com/texis/cs/text_search.html?catid=29&psearch_term=analog+video+ca...
As far as the software goes I would once again suggest that you talk to Seaview. Why won't you go over and have a look at a system? Are you worried that you will have to admit that you are wrong?
Just for you print. I took this off the Seaview web site. If you had gone to the open house you could have seen it for yourself. Why do you keep bring up this subjuct? I don't understand why you just don't go over to Seaview and ask for a demo.
Is SecureView Internet Compatible?
Yes! Any PC equipped with an analog video capture device can accept live video feeds from SecureView, and send them over the Internet. The type and quality of your Internet transmission is determined by your computer's hardware and software, and the speed of your online hookup. You are no longer limited by the range of a "ball" camera or short-cable PC cam. Use SecureView to transmit from anywhere in your home, and watch on the Internet from anywhere in the world!
A&P at his best
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=16057636
To:Anthony@Pacific who started this subject
From: etc. Wednesday, Jul 11, 2001 3:39 AM
Respond to of 72573
BCSC-named P.I. clients deny accounts
National Bank of Canada
NA
Shares issued 188,728,712
2001-07-10 close $28.7
Tuesday Jul 10 2001
Correction
See B.C. Securities Commission (BCSEC) Correction
by Brent Mudry
Two short-related stock market players, Steven A. Keyser and Amr Ibrahim
"Anthony" Elgindy, described by the British Columbia Securities Commission as
being clients of Pacific International Securities and securities violators, deny they
have had accounts with the scandal-plagued Vancouver brokerage or ever done
anything significantly wrong in securities markets. Each is anxious to set his record
straight. They also seem to speak from oddly similar scripts.
Both men assert they are actually white knights who bust stock frauds for federal
officials. "We're the good guys here," Mr. Keyser told Stockwatch, referring to his
group of associates. "I've never been fined, I've never been censured," says Mr.
Elgindy of Pacific Equity Investigations, who uses the nickname Anthony.
In a notice of hearing issued Tuesday by the BCSC against P.I. and its executives,
the regulator claims Mr. Elgindy was suspended in 1997 for one year by the
National Association of Securities Dealers and fined $30,000 (U.S.). The
Canadian regulator claims Mr. Elgindy's registration was revoked in 1998 by the
NASD for failure to pay monies owing in a previously executed settlement
agreement.
Mr. Elgindy told Stockwatch he has never been a securities violator in any way.
"That is in fact a lie." The former broker confirms he was fined by the NASD for
"a trading technicality and so forth," which he describes as "improper usage of an
SOES terminal," and he exited the industry in 1998 on a purely voluntary basis. "I
have a checkered past, but I've never been a securities violator," says Mr.
Elgindy. He did not offer his personal definition of either "securities violator" or
"checkered past."
NASD records confirm Mr. Elgindy was suspended for one year from association
with any NASD member in a principal capacity and for 30 days from any
association with any NASD member in any capacity. Mr. Elgindy consented to
the entry of findings that he caused his member firm to execute 108 orders through
SOES for the firm's account.
The regulatory findings also stated he cause his firm to enter "non-bona-fide"
orders through the SelectNetSM System for the firm's account that were either
timed out or cancelled by him before they could be executed.
In addition, the NASD found that Mr. Elgindy caused trades reported to ACT to
be cancelled by failing to acknowledge or confirm the trades. The regulator further
found that Mr. Elgindy failed to ensure that his firm establish, maintain and enforce
supervisory procedures that would have enabled the firm to deter and detect the
dubious conduct.
Mr. Elgindy now claims he is nothing but a knight in shining armour. "I work for
the SEC ... I investigate frauds and write reports which I turn over to the SEC,"
says Mr. Elgindy. "I have never had an account at Pacific International with the
name Anthony Elgindy," he says, although he declined to reveal his true name.
His real name is Amr Ibrahim Elgindy, also known as Amir Ibrahim Elgindy, at
least according to NASD records. Mr. Elgindy did not clarify whether his "work
for the SEC" is as a paid operative or as a volunteer of some nature.
Mr. Keyser is equally upset at being named in the BCSC notice and a
Stockwatch article. He denies he or his group of shorting associates have every
done anything wrong, although the BCSC asserts he was given a permanent
injunction and a disgorgement order in November, 1987, in a settlement of a
complaint filed by United States Securities and Exchange Commission.
Mr. Keyser, who refuses to identify which city or even state he resides in, due to
"a lot of death threats," also denies he has ever been a direct or indirect client of
Pacific International. The publicity-shy player declined to confirm whether he
controlled or directed any holding company accounts at the brokerage or whether
he had any involvement in any other accounts. "I'm not trying to dig up old dirt on
myself," he explains.
When asked whether he or his group have ever owned, operated or been
associated with any account at P.I., Mr. Keyser declined to elaborate further.
"What we do at P.I. or don't do at P.I. is none of your business," he told
Stockwatch.
On the regulatory front, Mr. Keyser concedes he once signed a standard SEC
settlement, neither confirming nor denying any wrongdoing, but he cannot recall
the terms, although he believes he handed over stock that was worth $30,000
(U.S.) to him. "I had a regulatory issue in the mid-1980s," he concedes.
Mr. Keyser is particularly offended by having his name pop up in a BCSC notice
targeting Pacific International, as he claims he also is a white knight, not a
shadowy securities violator like other purported P.I. clients on the regulator's list.
"We're the good guys here."
"We expose fraud -- we do securities research," says Mr. Keyser. "We have
been the sole reason for shutting down a number of scams." Although Mr. Keyser
declines to use the word "short," he says "we take positions and expose the
fraud." "We've never done wrong," says Mr. Keyser.
"We've exposed fantastic frauds," says the Good Samaritan, noting he and his
group have co-operated with the SEC, the FBI, state attorneys-general and the
U.S. Attorney General's office. Mr. Keyser declined to name names, but says "we
worked on the Star-Net case."
"I never had an account at Pacific International," says Mr. Keyser.
(c) Copyright 2001 Canjex Publishing Ltd.
FG,
If you look at the last filing for George it shows him holding 165,150 shares as of 7/3/01. Looks like George has bought 40,900 shares between 3/31/01 and 7/3/01.
http://www.insidertrader.com/freestuff/search.asp?search=2&criteria=BERNARDICH%2C+G%2ES%2E+III
Broken Promises
Written by Michelle DeMeritt
Published by OTCBB News Network - www.OTCBBNN.com
Investors constantly write questioning why their stock is not trading at higher prices. While each stock has a different story, basically it all comes down to trust. Investors get burned everyday in the broader markets as well as in the OTCBB. But in the OTCBB, it is more common that the companies themselves light the flame.
When the most widely followed companies break promises and do not deliver, investors are left holding the bag. There is an inherent overflow of that distrust. Investors place their money, hope, and most importantly, trust in companies. When a company turns around and shatters investors' confidence - it does not go unnoticed by all participants in the venue.
It is especially difficult in the OTCBB, since the companies themselves deliver the only source of information, besides the role OTCBB News Network is establishing, of course. Even when legitimate concerns are raised by posters on message boards, not only do fellow posters label them 'bashers', but the companies do as well.
It is well known in the broader markets, that the management of a company is the key component. Look at GE, with Jack Welch, Microsoft, with Bill Gates, or even the credit market as a whole, with Alan Greenspan. When these key people consider leaving, there is pandemonium, especially if unexpected or not managed with the utmost precision. It makes sense so much value is placed on these people - they are the company.
However, in the OTCBB, management is rarely considered a significant factor. As a matter of fact, it usually plays a very minor role in investors' decisions. Even though, it is management that is accountable to the shareholder for the better or the worse. It is the CEO who is lighting that torch to burn the investor or build a foundation for the company and the shareholder.
When investors see companies whose management is promising the world in each and every press release (sometimes even posting on the message boards), but then only promote their personal agenda, without regard for the shareholder, it takes a toll on the entire OTCBB. Unfortunately, we have experienced this numerous times lately.
The entire OTCBB suffers as a result of these betrayals. It leaves investors out of the market for good, others not wanting to be burned again - will not "hold" stocks, and the majority are left not believing press releases from other companies. Buyers flee the market, volume dries up, and stocks tank. It is unfortunate because the majority of the companies are not deceiving investors.
In the end, the old cliché is accurate - if it sounds to good to be true, it usually is! Do not let company's promises be the only deciding factor in your investment decisions. Perform your own analysis; look at the company's history and the management's track record. And above all, do not let the few unscrupulous companies set the standard for the entire OTCBB.
cabos_tacos, please show me where McBride has refused to confirm that he purchased additional shares. He has stated that he purchased the shares and mailed the form. Why don't you call the SEC and ask them why it takes so long to post the information. I'm sure someone around here can give you the phone number. If its that important to you I would think that you would have already called them to get an answer.