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jurisper thank you for all your posts have you contacted telynx directly yourself to address your concerns?
saudi investor has $500 million stake in citigoup 3.8%
Prince Alwaleed: The Anti-Buffett?
Davide Dukcevich, 03.11.02, 12:41 PM ET
NEW YORK - For a man who takes such delight in being known as the Middle East's Warren Buffett, Saudi Arabian Prince Alwaleed bin Alsaud's investment strategy sure has run counter to the Oracle of Omaha's lately. A quick look at the two men's track records over the past couple of years shows that those whose investments mirror Buffett's portfolio are resting a lot easier than those who followed Alwaleed's.
Alwaleed today announced that he recently acquired more than $1 billion in stocks, including a $500 million stake in Citigroup (nyse: C - news - people ), adding to his 3.8% interest in the world's biggest bank. (See: Saudi Prince Buys $1B Citigroup, AOL, Priceline) The Prince's holdings in Citigroup constitute roughly half of his $20 billion net worth. "At about $43, Citi's share price was at too attractive a price," Alwaleed said in a release issued by his company, Kingdom Holdings.
is CITIGROUP buying for WESSAL? SBSH .165 bid
sbsh/able fighting over the bid citigoup/hill now .16 bid
is that CITIGROUP on the BID?? sbsh..interesting considering they are a new market maker trading sljb
nite .165 ask
agreed
fringe..
i will respect you as a moderator, but have no respect for those who post false and misleading info on this board as if they are posting facts!! jmo
fringe...appreciate this post!! you had your concerns and they were addressed...why doesnt juri want to get the answers from management? why is juri in denial that there is a VERSION 3? if he is not a shareholder, why all the focus on prefferds and amount of common they convert into? why does he not want to believe there is no VERSION 3? ALL FROM A ANONYMOUS INDIVIDUAL...HUSHHHHHH...with nothing but a worthless "CHANCES ARE" and a "IMO"..that doesnt mean squat!!
jurisper are you a shareholder in telynx?
sljb chart showing 15 cents as 52 wk high, however lfwk was at .40 last sept...any ideas where this runs to if it breaks the previous high of 15 cents this week?
fringe..what are your thoughts on the 50 turning and is days away from breaking the 200 day ma? your thoughts please
500 share trade ubss at .0035 moved up to .0055 bid on no trading..they opened at .0035 and moved up to this current level!!
dig...citigroup sbsh went from a ask of .02 on level 2 last week to now a 12.5 ask..they come active at 7:30'ish and have consistantly raised their ask over the past few weeks to this new level..just wondering what your thoughts are on this!!
you asked me to return your message, your phone is going to your voice mail
fringe tried you cannot get thru
you will never get a reply from him...hes been wrong for 2 years now about the this company he claimed it was a shell, they would never file..he claimed they would get delisted and the company would not sign the sarbox...hes been wrong on all fronts...hes throwning darts in the dark!!
new market maker VFIN vfinanceon the ask at .005
satch read the current sec filings for current info on the status of the company, not some 3rd party report
satch..thats a lie they had 2 installs when you owned this stock..telecom malayasia and telecom egypt..if they didnt have a product why did hp pay them a license fee to support the telecom egypt project?
sbsh(citigroup) no longer on level 2
TDCM asking $10 on level 2?? is this correct?
dream..they are relatively a new market maker..they just became active a few weeks ago what are your thoughts??
ot:Naked Fines
Liz Moyer, 09.13.06, 5:00 PM ET
The U.S. Securities and Exchange Commission has received a deluge of requests to amend short-selling rules it enacted just two years ago as the New York Stock Exchange continues its efforts to enforce existing regulations.
JPMorgan Chase (nyse: JPM - news - people ) has become the fifth bank to be censured and fined by the NYSE's regulatory division for violations of trading rules meant to curb abusive short-selling.
The New York bank agreed to pay $400,000, without admitting or denying guilt. NYSE Regulation said Tuesday that JPMorgan violated numerous rules related to its handling of stock short-sales, a strategy in which the trader is supposed to borrow the shares, or at least find a broker who says he has them and is willing to lend them, before he makes the trade.
NYSE Reg says JPMorgan violated Regulation SHO, a rule put into effect in January 2005 by the SEC to curb abusive trading practices by limiting the ability of traders to do what's called a naked short-sale, which is selling a stock they haven't borrowed.
The exchange's enforcement arm says JPMorgan inaccurately marked sell orders, submitted inaccurate trading data and transacted short sales without reasonable grounds to believe the stocks could be borrowed. JPMorgan also had programming and systems errors that caused many of the problems.
A naked short-sale frequently results in those shares not being delivered to the buyer within the mandated three-day window. This is called a "failure to deliver," and despite assertions by some that the problem is not pervasive, it is enough of a problem to have attracted the increasing attention of the SEC and market regulators.
In July, Citigroup (nyse: C - news - people ), Daiwa Securities, Goldman Sachs (nyse: GS - news - people ) and Credit Suisse collectively paid $1.3 million for similar violations. They were the first firms to be slapped with a NYSE censure since the enactment of Reg SHO.
Daiwa paid the heftiest fine of those four, $400,000. NYSE Reg said one of the firm's proprietary trading desks transacted 103,000 short-sales without locating the shares to be borrowed. Also, the NYSE said, Daiwa's stock loan desk didn't document compliance with the stock locate requirements.
Critics complain that the enforcement efforts to date lack sharp enough teeth to discourage future abuses.
JPMorgan's fine looks miniscule compared to its $160 billion market capitalization. Through June, the bank had reported $1.7 billion in revenue from equity markets activities. A bank spokesman had no comment Tuesday.
"By levying a fine that is but a tiny fraction of the ill-gotten gains, the SEC is pinning a 'Kick Me' sign on the backside of the rule of law," says Patrick Byrne, CEO of Overstock.com (nasdaq: OSTK - news - people ), and big activist for reform in trading rules. "But the SEC is not monolithic: Though the brass are mostly captured regulators, in the rank and file, and at the highest echelons, I believe there are people who understand the gravity of the situation and who want to do something about it."
The SEC, recognizing continued problems with persistent and large trade failures in a few hundred stocks, is currently gathering comments about proposed amendments that would close some loopholes. The comment period is set to end early next week, and the agency has posted nearly 200 letters on its Web site urging reform.
Among the comment letters received so far is one from Utah Gov. Jon Huntsman Jr., who earlier this year signed into law stiff penalties for brokerage firms that didn't immediately report failed trades in the stocks of Utah companies to the state's division of securities.
The law was written for the benefit of Salt Lake City-based Overstock.com, a heavily shorted stock that has had persistently appeared on Nasdaq's lists of stocks that fail to deliver since Reg SHO was put in force. Gov. Jon Huntsman backed down during the summer after an intense lobbying effort by Wall Street firms, who complained that compliance would be too costly and cumbersome. Utah won't enforce the law until next June.
But in his comment letter, dated Sept. 8, the governor urged amendments to Reg SHO, including shorter trade settlement deadlines and daily disclosure of trade failures. "Restoring investor confidence requires both additional enforcement attention by the SEC and additional regulatory changes," the governor wrote.
The current rules don't require the brokers to fix the trades by buying shares to cover their short positions after 13 days, they merely say that if the trades aren't fixed, the broker can't do any more short-sales in that security without borrowing or arranging to borrow the stock.
The Depository Trust & Clearing Corp., the New York clearing house that is owned by the big brokerage houses and whose mission is to settle and clear the lion's share of the daily stock transactions that occur in the markets, says it has no power to force brokers to fix the trades either, a fact that also frustrates critics of the current system.
"We don’t have any power or legal authority to regulate or stop short-selling, naked or otherwise," the DTCC says on its Web site. "We also have no power to force member firms to close out or resolve fails to deliver."
Brad Niswonger, a senior vice president for brokerage firm Robert W. Baird Co., complained in a July letter to the SEC, "It seems like every day the SEC fines someone for fraudulent stock transactions, but they walk away after collecting their fee without completing the transaction by making these players buy in the illegal short positions."
A Canadian brokerage firm also complained to the SEC about its experience trying to settle its purchases of shares in Overstock.com. The broker, Research Capital of Toronto, says it tried to buy shares of Overstock to satisfy customer orders but has never received the actual shares it bought, even after 39 attempts to force the brokers who sold it the stock to produce the shares.
Research Capital says this has been going on since February 2006. "The failed deliver has simply been replaced with another delivery commitment which also fails," the brokerage says.
NYSE Regulation says it has been reviewing broker firm compliance with the Reg SHO rules as part of its annual examinations, and more rule breakers could be exposed.
"This is definitely an area of focus for us," said a spokesman for the regulatory arm of the Big Board.
churak...if they sue..can he go after them for discovery of evidence re: his claims? do you think they want to open up their books?
dig..they labelled this company a scam..they said they will never file the sec filings..they will never sign the sarbox...
they said this is a empty shell..a company with no product YEARS OF LIES, DECEPTION AND MANIPULATION...they were wrong!!! now the company unveils a new product and look at how these lowlifes are now labelling this as "Latest in a series of imaginary products... Bring on the toxic financing,"
THESE SCUM BAGS COULD NEVER ADMIT THEY ARE WRONG AND THERE IS PROOF THAT ONE OF THESE LOWLIFES BASHED A COMPANY FOR YEARS CALLING IT A SCAM AND THEY ARE NOW GENERATING REVENUES AND TRADING AT 50 CENTS!! guess what..hes never posted on that board since!!!
NEWS!! Telynx, Inc. Unveils its Latest Product Telynx III
NewswireToday - /newswire/ - Sherman Oaks, CA, United States, 09/13/2006 - Telynx, Inc. (Pink Sheets: TLYN), unveils its latest product Telynx III. Our new product was designed and developed to provide the highest quality of service to our customers, big or small.
Telynx President and CEO Talieh Safadi said: "We are excited about the new product and are looking forward to the next stage of marketing and distribution. This is yet another building block in our way to achieving our goals."
Telynx, Inc. creates world-class network infrastructure management and provisioning solutions for the telecommunications industry. Our customers are small and large service providers of wireline, wireless and broadband services on three continents. Each customer implemented Telynx products to save money and raise revenues in the following ways:
Reduce provisioning time byproviding accurate physical and logical representations of their network, in order to decrease operation costs, and in turn enhancing customer care and quality of service. Telynx, Inc. designs network management solutions for telecommunications service providers around the globe. Small or large, wired or wireless, these companies turn to Telynx software and integration service for strategic and financial advantage over their competition.
Please visit our website for more information on the product and specifications.
About Telynx, Inc.
Telynx, Inc. (Pink Sheets:TLYN), a provider of network management software solutions and related services, commented today as to the state of the telecom market, the industry's cost-cutting attitude and the positioning of the Company with respect to opportunities.
Telecom companies have faced many challenges related to emerging technologies and the ever-changing trends and needs of the retail consumer. Significant demand by consumers for value-added solutions adds an element of complexity never before seen in this space. In order to achieve their goals, today's companies must be able to access and manage their vital and complex information rapidly and efficiently. The complexity of vast, global networks coupled with a constantly changing environment requires service providers to be ever more diligent about their purchase of technology and solutions.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Telynx, Inc., which involve risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Agency / Source: Telynx, Inc.
**MUST READ.Conversion Solutions Issues Statement on TD Ameritrade
By PR Newswire
Last Update: 9/13/2006 7:39:31 PM Data provided by
KENNESAW, Ga., Sept 13, 2006 /PRNewswire-FirstCall via COMTEX/ -- The following statement is being issued by Rufus Paul Harris, Chief Executive Officer of Conversion Solutions Holdings Corp (CSHD), a Delaware Corporation.
Depending on who you speak to, the events of the last thirty days could be the beginning of the end for a trading dynasty. The "Short" selling of Conversion Solutions Holdings Inc. (CSHD) company stock by a once loved and respected trading house may have sealed that company's fate as it is now perceived to specialize in "Shorting" OTC Bulletin Board stocks.
Short selling of OTCBB stock is legal, and is used by some companies to create liquidity where there is none. Why would a stock be stagnating, you may ask? In some instances anticipation of an upcoming 10K or a price reset might cause a company's share holders to sit tight and hold for a time. Companies that participate in the practice of "Short" selling either: buy their positions out of the market or go bankrupt.
Conversion Solutions Holdings Inc. has filed 8K documentation, announcing nearly 2.6 billion dollars in assets and yet TD Ameritrade (and their subsidiaries) continue to sell shares they don't own, or have the ability to borrow. TD Ameritrade responds not by buying the stock out of the market, to cover their "Shorts," but by refusing their customers their legitimate right to buy more OTC Bulletin Board: CSHD stock. Some Conversion Solutions Holdings Inc. supporters have shared their thoughts and feelings on the forum http://www.hotstockmarket.com, many of whom vow to press litigation against TD Ameritrade for not allowing them to purchase more CSHD stock. This stock has been on regulation SHO for 25 consecutive days and it has been confirmed that it has been "Shorted" by an objective "Third Party." To peruse this information please visit http://www.buyins.net, they assert, "the 'Shorting' is over...16,000,000 shares with others estimating the 'Shorting' to be as high as 60,000,000."
Currently, the Company has 62,000,000 shares outstanding, and simple calculations would assess a current book value for this company, as of today, at approximately $41.93 per share. Then the sum, when multiplied by a minimum of 16,000,000 shares shorted, comes to minimum of $670,880,000. A market analyst concludes this stock may be conservatively valuated at 2x its book value ($1,341,760,000) or put another way, about 4 times greater than TD Ameritrade's last year's net profit.
Some of TD Ameritrade's clients are already requesting their stock certificates in fear that TD Ameritrade may go under. They are moving their shares to other trading houses that they believe to be less likely to short this stock.
As Conversion Solutions Holdings Inc. nears its 10K due date (September 30, 2006) its share holders should look positively on the actions of their Chairman and his Board and their corporate wide confidence should be reflected and rewarded by ever increasing share values. Having said that and looking back on the events of the last thirty days I can say with certainty that it should be an interesting, but profitable ride for any person who wants to get on board to make the trip by supporting their company for the long haul.
For additional information concerning "Short Selling," please read "Darkside of the Looking Glass." by Dr. Patrick Byrne http://www.businessjive.com/nss/darkside.html
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein which are not historical are forward- looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
SOURCE Conversion Solutions Holdings Corp
dream..he popped up 2-3 weeks ago and was sitting at .0008 bid, if you look at the charts a few weeks back you will see a shake thats when you will see that the volume picked up and the trade went off at that price..your thoughts?
dream....
ssgi was not even listed as a active market maker in august
your thoughts re: this>>>>TLYN Monthly Share Volume Report
Select a different report by entering an issue or MPID: Sort By: Report Date:
Issue Market Participant
Volume Issue/MPID
Aug 2006 Jul 2006 Jun 2006 May 2006 Apr 2006 Mar 2006 Feb 2006 Jan 2006 Dec 2005 Nov 2005 Oct 2005 Sep 2005
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TLYN - TELYNX INC CL A NEW
Page of 1
August 2006 July 2006 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
--------------------------------------------------------------------------------
Total Share Volume 1,216,978
--------------------------------------------------------------------------------
UBSS
UBS Securities LLC (UBSS) 1,145,997 1 94 35,458 2 37 1,672,575 1 68
NITE
KNIGHT EQUITY MARKETS, L.P. 54,884 2 4 1,650 4 1 246,946 3 10
DOMS
DOMESTIC SECURITIES, INC. 14,700 3 1 116 5 <1 33,111 5 1
ETRD
E*TRADE CAPITAL MARKETS LLC 1,397 4 <1 47,625 1 50 415,877 2 16
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sljb market maker Monthly Share Volume Report
Select a different report by entering an issue or MPID: Sort By: Report Date:
Issue Market Participant
Volume Issue/MPID
Aug 2006 Jul 2006 Jun 2006 May 2006 Apr 2006 Mar 2006 Feb 2006 Jan 2006 Dec 2005 Nov 2005 Oct 2005 Sep 2005
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SLJB - SULJA BROS BUILDING
Page of 1
August 2006 July 2006 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
--------------------------------------------------------------------------------
Total Share Volume 493,517,714
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NITE
KNIGHT EQUITY MARKETS, L.P. 321,098,439 1 65 137,078,750 1 68 534,267,435 1 67
UBSS
UBS Securities LLC (UBSS) 94,936,935 2 19 35,975,981 2 17 138,554,524 2 17
ETRD
E*TRADE CAPITAL MARKETS LLC 49,103,564 3 9 22,470,147 3 11 83,660,016 3 10
ABLE
NATEXIS BLEICHROEDER INC. 17,942,155 4 3 - - - 17,942,155 4 2
HDSN
HUDSON SECURITIES,INC. 5,027,790 5 1 381,050 7 <1 6,109,340 5 <1
VERT
THE VERTICAL GROUP 4,204,000 6 <1 210,000 9 <1 4,414,000 6 <1
VFIN
VFINANCE INVESTMENTS, INC 432,300 7 <1 - - - 432,300 11 <1
NACI
North American Clearing, Inc. (NACI) 275,000 8 <1 - - - 275,000 13 <1
EFGI
EMPIRE FINANCIAL GROUP, INC. 175,000 9 <1 - - - 175,000 14 <1
DOMS
DOMESTIC SECURITIES, INC. 115,166 10 <1 - - - 1,602,101 9 <1
ACAP
ACAP FINANCIAL INC. 100,000 11 <1 - - - 100,000 15 <1
HILL
HILL THOMPSON MAGID & CO., INC. 53,400 12 <1 1,871,500 5 <1 2,024,900 8 <1
SPIN
SPENCER EDWARDS, INC. 25,000 13 <1 - - - 25,000 18 <1
STGI
STG Secure Trading Group 15,000 14 <1 35,000 10 <1 50,000 16 <1
SBSH
CITIGROUP GLOBAL MARKETS INC. 5,000 15 <1 - - - 5,000 19 <1
SEAB
SEABOARD SECURITIES, INC. 4,500 16 <1 2,063,000 4 1 2,067,500 7 <1
TASL
Tradition Asiel Securities Inc. (TASL) 2,265 17 <1 - - - 2,265 20 <1
TDCM
TD WATERHOUSE CAPITAL MARKETS, INC. 2,200 18 <1 320,000 8 <1 327,200 12 <1
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profit....
could the $25 million investment be for the stock dividend? didnt the company say that insiders would return their dividend to the company? your thoughts on the use of the $25 million investment
4 mms at .068 hdsn ubss able sbsh
any explanation why certain mms have 100 size bid ask oand others are at 1??
who do you trust a cpa firm or a annonymous message board basher with over 40,000 posts on several message boards??
"We have audited the accompanying balance sheet of Telynx, Inc. as of October 31, 2004 and the related statements of operations, shareholders' equity and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit."
due you lying again?? REPORT OF INDEPENDENT REGISTERED ACCOUNTING FIRM
We have audited the accompanying balance sheet of Telynx, Inc. as of October 31, 2004 and the related statements of operations, shareholders' equity and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Telynx, Inc. as of October 31, 2004 and the results of its operations and cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.
The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 6 to the financial statements, the Company's current liabilities exceed its current assets by $652,615 and has not attained profitable operations and is dependent upon obtaining adequate financing to fulfill its planned activities. These factors raise substantial doubt that the Company will be able to continue as a going concern. Management's plans in regard to these matters are also discussed in Note 5. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Madsen & Associates CPA's, Inc.
Salt Lake City, Utah
September 16, 2005
dig dont waste your time or your breath on this guy..look at this guys alias page on ragingbull over 40,000 posts bashing companies..shareholders and mangament..what a lonely soul and life this guy lives...telynx current filings have proven his 3 year stint as a utter failure!! he has doubts he should contact the company..their auditor or their accountant!! he fears exposing his identity!! telynx is a real company..they have a installed product in the market...the 2000 tech crash lack of funding..toxic financing..brings us o where we stand today, hopefully these filings indicate a positive turnaround!! good luck to you as well!!