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SSWC new installation San Fran
SpeechSwitch Deploys Speech Enabled Auto Attendant at Collette Erickson Farmer & O'Neill LLP in San Francisco, CA
Business Wire via Yahoo! Finance Thu, 15 Sep 2005 3:25 AM PDT
SpeechSwitch, Inc. , a leader in speech-recognition technology announced today that Collette Erickson Farmer & O'Neill LLP has installed a Speech Enabled Auto Attendant. SpeechSwitch, Inc. previously was a wholly owned subsidiary of iVoice, Inc. prior to the spin-off from iVoice that was completed in August 2005 as a special stock dividend distribution to iVoice shareholders.
now Al-Qaida going too far LOL
MSNBC Breaking News
------------------------------------------------------
Al-Qaida in Iraq leader purportedly declares war on Shiites, Iraqi troops
BLYC buy on a dip?
Not the best of news and been weak since last pop & drop.
Guess gotta fig flat & drop til she is figured out or replaced with a perm. AAC been weakish too as sector sign.
HLUN.pk stems 1.06 +.05 thin mover
See $35M cap and decent OS. Being covered by these guys. Do
the normal DD on itm but for a pinkie....
September 14th, 2005
Hello Subscribers
We hope that you are all following our most recent profiled company HealtheUniverse (OTCPK:HLUN) a unique biotechnology development firm specializing in the development and commercialization of biopharmaceutical and biomedical products. Today the company announced that intellectual property in development through the Healtheuniverse research team is moving toward a progenitor cell line that is proprietary to the Company. This seminal research will lead to the development of various cell lines that will be utilized to cultivate cells amalgamate to form functional human tissue or substitutes. These unique cell lines offer an alternative to human embryonic stem cells for medical treatments.
This announcement makes the Market Gainer team feel even more optimistic about the future of this hidden gem.
Good luck investing.
Richard Getty
Full Press Release
Healtheuniverse Announces Intellectual Property Development Utilizing Fat Cells to Regenerate Stem Cells
(Phase One Development of Unique Cell Lines Offers Alternative to Human Embryonic Stem Cells for Medical Treatments)
Healtheuniverse, Inc. (OTC: HLUN), a biotechnology development firm specializing in the development and commercialization of biopharmaceutical and biomedical products, announced today that intellectual property in development through the Healtheuniverse research team is moving toward a progenitor cell line that is proprietary to the Company. This seminal research will lead to the development of various cell lines that will be utilized to cultivate cells amalgamate to form functional human tissue or substitutes. These unique cell lines offer an alternative to human embryonic stem cells for medical treatments.
Major commercial applications for these progenitor cell lines in development will be utilized for both non- surgical and surgical areas. Non-surgical applications will be focused on skin rejuvenation and minor wound reparative processes. Surgical applications in process are addressing major wound repair and reconstructive areas such as formation of new skin, new bone, and nerve cells.
Vipul Dev, MD, Chief Executive Officer of Healtheuniverse, stated, "Our research is a promising example that adult stem cells are not necessarily locked into their current fate, and we have the potential to reprogram them into becoming other cell types. It is unlikely that one source of stem cells can be used to treat all medical problems and diseases, but different clinical problems could be addressed by using adult cells taken from different areas throughout the body, without the same ethical concerns associated with embryonic stem cells."
Richard Getty
MarketGainer.com
PCCR POS alert PR News & Vol 0.0001
PACEL Corp. Signs RVT Consulting LLC to Assist HR Outsourcing Business Development Effort Nationwide
via COMTEX
September 14, 2005
CHARLOTTE, N.C., Sept 14, 2005 /PRNewswire-FirstCall via COMTEX/ --
PACEL Corp. (OTC Bulletin Board: PCCR) -- PACEL announces today that it has signed a consulting agreement with RVT Consulting LLC of New York to help expand the business development efforts the company has under taken. Robert Troy CEO and President of RVT Consulting LLC has agreed to assist Pacel Corp. in identifying potential candidates on a national level.
Mr. Troy brings to Pacel Corp. a significant amount of experience in the Human Resource Outsourcing markets as well as experience at the executive level of several companies. Mr. Troy has worked with most of the largest Human Resource consulting companies in the business. Some of the companies that Mr. Troy has worked with in the past include PricewaterhouseCoopers LLP and KPMG LLP.
Mr. Troy stated, "I am very excited to be working with Pacel Corp to help identify new business on a National Level in one of the fastest growing segments of the Outsourcing Industry"
"Bob's expertise in the Human Resource Outsourcing field is a great asset to the PACEL management team," stated Gary Musselman, President/Chief Executive Officer of PACEL. "I am looking forward to his contributions as we grow PACEL's client base."
PYPR wetting itself 0.0002 bargain!? eom
COOL story of woe$, Bk poss, etc.
Seem like the old AKLMq?
News for 'COOL' - (=DJ UPDATE: Majesco Dn; Stk Downgraded On Bankruptcy Concerns)
(Updates with comment from Majesco in 10th paragraph.)
By Dwight Oestricher
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--A weak earnings outlook from Majesco Entertainment Co. (COOL) was followed by a series of downgrades by analysts who questioned the company's ability to continue as a going concern.
Investors pushed shares of Majesco down $1.16, or 47.5%, to $1.28, below the 52-week low set Monday of $2.38.
Late Monday, the company cut its fiscal 2005 revenue guidance to a range of $60 million to $65 million from a prior range of $120 million to $125 million. It also predicted a wider operating loss of $40 million to $45 million compared with an earlier range of a loss of $16 million to $19 million.
The company said the guidance reflected the delayed release into the fiscal first quarter of its "JAWS Unleashed" and "Infected" video games as well as feature films for the Game Boy Advance.
However, Majesco's current crop of video games didn't fare well in the fiscal third quarter ended July 31, with revenue dropping to $4.6 million from $34 million a year ago. The loss in the quarter came to $37.5 million, or $1.69 a share, compared with net income of $20.5 million, or $1.06 a share, last year.
Those results were worse than guidance the company gave in July of revenue of $5 million to $10 million and an implied loss of 52 cents to 61 cents a share, said Wedbush Morgan analyst Michael Pachter in a research note Tuesday.
Pachter downgraded the stock to sell from buy, saying Majesco faces a liquidity crunch so serious that "we are no longer confident that Majesco can avoid bankruptcy."
Majesco said it ended the quarter with $10 million in cash and essentially no accounts receivable. The fiscal 2005 guidance implies a fourth-quarter operating loss of $4 million to $9 million, "which would significantly deplete their remaining cash balance," Janco Partners Inc. analyst Mike Hickey said in a research note.
Majesco said that, to satisfy liquidity needs, it factors its accounts receivables, which can reduce corporate income for tax purposes. Factoring firms buy a company's receivables at a discount, providing much-needed cash. The factor put a limitation of $7.5 million on cash advances and $2 million for letters of credit. Although Majesco said it was evaluating alternatives for the factoring arrangement, Hickey said the company "will have to take extreme measures to raise capital." He predicted the company will discontinue its non-competitive video game gadgets business and its low-margin video operations.
Hickey cut his rating on the stock to sell from market perform, saying "we're not confident that the company will continue as a going concern for much longer unless much needed capital is found, which could prove extremely difficult."
Majesco's director of investor relations, Mary Magnani, said the company is not planning on filing for Chapter 11 at this time. In its earnings release, the company said it "believes it will be successful in either increasing the availability from its current factor or obtaining alternative financing," but added that there can be no assurance that it will be successful in those efforts.
Also Tuesday, JMP Securities cut Majesco to underperform from market perform.
-By Dwight Oestricher, Dow Jones Newswires; 201-938-5266; dwight.oestricher@dowjones.com
News for 'COOL' - (=DJ CORRECT: Majesco Downgraded To Sell From Buy)
Wedbush Morgan analyst Michael Pachter downgraded the stock to sell from buy, saying Majesco faces a liquidity crunch so serious that "we are no longer confident that Majesco can avoid bankruptcy."
Majesco said it ended the quarter with $10 million in cash and essentially no accounts receivable. The fiscal-2005 guidance implies a fourth-quarter operating loss of $4 million to $9 million, "which would significantly deplete their remaining cash balance," Janco Partners Inc. analyst Mike Hickey said in a research note.
(In a story published around 10:29 EDT Tuesday, the stock downgrade was misreported and the sentence on accounts receivable was garbled.)
(END) Dow Jones Newswires
September 13, 2005 15:31 ET (19:31 GMT)
Copyright (c) 2005 Dow Jones & Company, Inc.- - 03 31 PM EDT 09-13-05
COOL crushed - another JWL? big loss. eom
AMTD as dead as PRRM eom
Longer base Longer breakout LOL eom
Nope order status down now.
Review Orders information is currently unavailable. Please try again later.
IZONE partial. Can get in but limited
No balances & Ports. Trades works. Dead with Quotetracker too. after about 11:30 EST NYC.
CWMF.pk It can happen! eom
v7.45 and v3.42 like so (?)
What am i missing here? Some stocks within these 2 posts are
same and some are different. Are there two dif versions or
is something else going on? Thanks.
#1365 Death Drop (v. 7.45) - 20050909 (>30% 3 zardiw 9/9/2005 7:08:50 PM
#1364 Death Drop Subbers v3.42 - 20050909 (>30% 3 zardiw 9/9/2005 7:07:24 PM
hey z what's dif in two versions?
I'm seeing some stocks WHLI WTVN etc. hit both version?
Shouldn't stocks only be on one or other if versions are all
that different?
Didn't see any mention of this in the board's info.
Gonna be interesting to see if any new NASD rule changes about companies having to do 'timely' filings to keep OTC BB
status. Maybe just get more Pinks that are impossible to get
any info about. Sure looks like the multi RSers are just
hollow outfits that game the system thru RS in order to get
a free pass with a name/symbol change.
Thanks again for your research!
Susie that's front running no no
In old days, cash accounts at some day trader brokers like
Datek allowed buying with unsettled funds > available funds.
That's were you sold a cash stock and then went into another
stock before T+3. It was as if house lent you the money w/o
a margin account to keep your business for their comish.
This is one of things that led to PDT Rule. Datek brokers
& traders began to mix client funds with house-only funds (to
cover bad house trades). Places got sued or fined. Many just closed down. No thanks to the killer rogue day trader in
NJ who went nuts over his losses. Plus the horror stories
of celebs getting looted in their accounts by crooked money
managers. Just was out of control. No one was checking their accounts anyway as always was rising and "I trust the guy anyway". Books and accounts were cooked, trades failed to
clear, the whole bit.
So ended front running. Unless you are the CEO's mistress
you will have to have the funds fully available at time of placing trade. If no funds clear to afford the trade (exclusive of the monies coming to you from unsettled trades) then no trade. Might try dif accts at dif brokers if need
to be hyper positions.
As for day trading in margin account, in order to free wheel -
this is how AMTD's Izone puts it:
What is the 2x SRO factor/4x SRO Factor?
The SRO factor is the calculation that day trade buying power is subject to, pursuant to the National Association of Securities Dealers (NASD) Pattern Day Trading Rules. The calculations are done distinctly from the 2x SRO factor to the 4x SRO factor.
4x SRO Factor When an account is above the $25,000 minimum equity and unrestricted, the account receives the maximized 4x SRO factor for that trading day. The 4x SRO factor sets day trade buying power to 4x the start-of-day SRO maintenance excess. The day trade buying power will recycle/replenish throughout the trading day with day trades.
Example:
At the start of day, your account has $25,000 cash and is unrestricted, the account receives the 4x SRO factor giving the account $100,000 for day trade buying power. You buy $100,000 of stock ABCD, so day trade buying power is reduced to zero. When stock ABCD is sold, your day trade buying power will recycle/replenish back up to as high as $100,000.
2x SRO Factor When an account value is below $25,000 or in one new day trade buying power call, the account will receive the 2x SRO factor for day trade buying power. The 2x SRO factor sets day trade buying power to 2x the start of day SRO maintenance excess and the day trade buying power will not recycle/replenish throughout the trading day with day trades.
Example:
At the start of day, your account is in a day trade minimum equity call (or one day trade buying power call) with $10,000 cash. Your account receives the 2x SRO factor, giving it $20,000 in day trade buying power. You buy $20,000 of stock ABCD and day trade buying power is reduced to zero. When stock ABC is sold, day trade buying power will not recycle/replenish, it will stay at zero for the remainder of the day. If you continue to day trade on margin, a day trade buying power call may be issued.
Defunct Company PRRM run by FEMA eom
TZOO false bottom?
Never know. Could rebound. Notice tho that twice in August
it had exact same Candle formation only to fail. Third time
a charm or 3 strikes and out?
Fundamentals are against it given further travel biz woes over
Katrina and convention biz disaster there. Travel was soft going into Labor Day given pump high gas prices. Takes lot to
haul in travel plans but when that happens like this it can
be a trend change. If fails here maybe need $15. If jumps
there's not a lot of wind under it to push up. Hot money playing energy, alt energy, and reconstruction outfits.
Really did have a GOAM type of rapid drop!
g/l
StockGate fails-to-deliver DTC ADP
StockGate: The States Are Coming! The States Are Coming! The Subpeonas Are Flying. / FinancialWire®
September 9, 2005 (FinancialWire) Why aren’t brokerages, floor specialists and market makers such as Morgan Stanley (NYSE: MWD), Janney Montgomery, Wells Fargo (NYSE: WFC) or E*Trade (NYSE: ET) settling their trades and effecting buy-ins when there are fails-to-deliver?
September 9, 2005 (FinancialWire) Why aren’t brokerages, floor specialists and market makers such as Morgan Stanley (NYSE: MWD), Janney Montgomery, Wells Fargo (NYSE: WFC) or E*Trade (NYSE: ET) settling their trades and effecting buy-ins when there are fails-to-deliver?
As it turns out, that is what the NASD now wants to know, according to those who have received its subpoenas.
For most of two years, as FinancialWire has been reporting this national scandal known as StockGate, detractors as high as the Depository Trust & Clearing Corp. have insinuated that illegal naked short selling really doesn’t exist, or if it does, those asking for an accounting of the practice are making mountains out of mole hills.
The NASD apparently didn’t jump into this process with a lot of conviction, however. It appears that it is a defensive move aimed at keeping state regulators at bay. They apparently didn’t want to be “Spitzered” again.
Instead of Spitzer, however, it is Ralph Lambiase, head of the Connecticut securities division, and immediate past president of the North American Securities Administrators Association, and an on-the-record critic of the DTCC, who is heading up an 11-state task force reportedly in serious strategy sessions this week.
The New York Post quoted one regulator as saying there is “an epidemic” of naked shorting. Regulation SHO has made that evident for the world to see. Numerous U.S. Senators have called the Regulation fully ineffective, and have repeatedly called upon the SEC Commissioners to get the practice under control.
The Post said that an SEC official confirmed to it “that no complaints have been brought in the nine months since Regulation SHO went into effect.”
It quoted one state securities regulator, Bill Reilly of Florida, as saying he expects the increased effort will result in more voluntary compliance from dealers, as well as enforcement activity.
That may or may not resolve the DTCC “problem.” Recently a stock transfer agent, Transfer Online Inc., had asked then-SEC Chair William Donaldson to put a stop to the control the Depository Trust & Clearing Corp. and Automatic Data Processing (NYSE: ADP) are fast gaining over the transfer business, and to demand DTCC transparency.
Excerpts from the letter, posted at http://www.faulkingtruth.com/Articles/LettersToEditor/1012.html , states: “Over the years as the amount of shares held at DTC has increased it has become more and more difficult to determine who owns the shares, who is trading them and if the trading is proper. This trend, and the resulting problems I will detail below, continues to increase because a minority of the total number of shareholders are reflected on the books and records of the corporation, most activity takes place behind the wall of ownership that is designated as Cede & Co. and neither the company nor the transfer agent has any access to the underlying information.
“Furthermore, DTC recently managed to put through a rule change (Release No. 34-50758A; File No.S7-24-04) that prohibits a transfer agent from representing any company who seeks to withdraw from the DTC system. This change effectively leaves companies with no voice or choice in the management of their stock and their ability to have any transparency as to what is actually taking place in the market in regard to their stock.
“I receive calls from companies seeking information as they watch millions of shares trade in a single day, who watch their share price decrease in value and who have no access to information regarding who is behind the trading of these shares, or if in fact the trades are at all legitimate. As the system now operates, most companies have a large percentage of shares on their books registered to Cede & Co.
“Given the importance of shareholder voting and communication one would assume that the same requirements placed on transfer agents as to accuracy and reporting would be placed on ADP and Cede & Co. as they usually hold or service the majority of the shares owned in any given company.
“I have found; however, that when presented with the tabulation reports from ADP the share totals they report sometimes exceed the total number of shares outstanding for the company. Let me restate this because it is a very important part of my concern about a system that is more and more headed in the direction of increased control by DTC. The shares presented by ADP, that are the shares voted by the brokers on behalf of the shareholders for whom they hold accounts, EXCEED when added to the shareholders of record the total number of shares outstanding.
“Where are these extra shares coming from? Why are there no controls on the number of shares held in the nominee name Cede & Co. vs. the ownership on the books and records of the brokers and why is the company not privy to any information unless it pays whatever fees it is told it must pay by the organizations that control the data?
“In fact, as the system is evolving, DTC is de facto becoming the largest transfer agent in the industry even though it is an organization formed by and working for the interests of the brokerage community. If, ultimately, the S.E.C. is in place to protect investors then this issue can not be ignored because in the end when the market is completely under the control of the brokers and the organizations that represent them then the market can neither be transparent nor fair.”
The DTCC actions in the StockGate mire are the most serious, if not notorious since the agent of two SROs, the New York Stock Exchange and NASD is also peopled by some 21 directors whose companies, such as Merrill Lynch & Co. (NYSE: MER), State Street Corporation (NYSE: STT) and Goldman Sachs (NYSE: GS), are unlikely to support the DTCC in its media censorship.
DTCC board members include 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); Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); and Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), 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).
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
For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279
The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268
more on StockGate naked shorts
StockGate: The States Are Coming! The States Are Coming! The Subpeonas Are Flying. / FinancialWire®
September 9, 2005 (FinancialWire) Why aren’t brokerages, floor specialists and market makers such as Morgan Stanley (NYSE: MWD), Janney Montgomery, Wells Fargo (NYSE: WFC) or E*Trade (NYSE: ET) settling their trades and effecting buy-ins when there are fails-to-deliver?
September 9, 2005 (FinancialWire) Why aren’t brokerages, floor specialists and market makers such as Morgan Stanley (NYSE: MWD), Janney Montgomery, Wells Fargo (NYSE: WFC) or E*Trade (NYSE: ET) settling their trades and effecting buy-ins when there are fails-to-deliver?
As it turns out, that is what the NASD now wants to know, according to those who have received its subpoenas.
For most of two years, as FinancialWire has been reporting this national scandal known as StockGate, detractors as high as the Depository Trust & Clearing Corp. have insinuated that illegal naked short selling really doesn’t exist, or if it does, those asking for an accounting of the practice are making mountains out of mole hills.
The NASD apparently didn’t jump into this process with a lot of conviction, however. It appears that it is a defensive move aimed at keeping state regulators at bay. They apparently didn’t want to be “Spitzered” again.
Instead of Spitzer, however, it is Ralph Lambiase, head of the Connecticut securities division, and immediate past president of the North American Securities Administrators Association, and an on-the-record critic of the DTCC, who is heading up an 11-state task force reportedly in serious strategy sessions this week.
The New York Post quoted one regulator as saying there is “an epidemic” of naked shorting. Regulation SHO has made that evident for the world to see. Numerous U.S. Senators have called the Regulation fully ineffective, and have repeatedly called upon the SEC Commissioners to get the practice under control.
The Post said that an SEC official confirmed to it “that no complaints have been brought in the nine months since Regulation SHO went into effect.”
It quoted one state securities regulator, Bill Reilly of Florida, as saying he expects the increased effort will result in more voluntary compliance from dealers, as well as enforcement activity.
That may or may not resolve the DTCC “problem.” Recently a stock transfer agent, Transfer Online Inc., had asked then-SEC Chair William Donaldson to put a stop to the control the Depository Trust & Clearing Corp. and Automatic Data Processing (NYSE: ADP) are fast gaining over the transfer business, and to demand DTCC transparency.
Excerpts from the letter, posted at http://www.faulkingtruth.com/Articles/LettersToEditor/1012.html , states: “Over the years as the amount of shares held at DTC has increased it has become more and more difficult to determine who owns the shares, who is trading them and if the trading is proper. This trend, and the resulting problems I will detail below, continues to increase because a minority of the total number of shareholders are reflected on the books and records of the corporation, most activity takes place behind the wall of ownership that is designated as Cede & Co. and neither the company nor the transfer agent has any access to the underlying information.
“Furthermore, DTC recently managed to put through a rule change (Release No. 34-50758A; File No.S7-24-04) that prohibits a transfer agent from representing any company who seeks to withdraw from the DTC system. This change effectively leaves companies with no voice or choice in the management of their stock and their ability to have any transparency as to what is actually taking place in the market in regard to their stock.
“I receive calls from companies seeking information as they watch millions of shares trade in a single day, who watch their share price decrease in value and who have no access to information regarding who is behind the trading of these shares, or if in fact the trades are at all legitimate. As the system now operates, most companies have a large percentage of shares on their books registered to Cede & Co.
“Given the importance of shareholder voting and communication one would assume that the same requirements placed on transfer agents as to accuracy and reporting would be placed on ADP and Cede & Co. as they usually hold or service the majority of the shares owned in any given company.
“I have found; however, that when presented with the tabulation reports from ADP the share totals they report sometimes exceed the total number of shares outstanding for the company. Let me restate this because it is a very important part of my concern about a system that is more and more headed in the direction of increased control by DTC. The shares presented by ADP, that are the shares voted by the brokers on behalf of the shareholders for whom they hold accounts, EXCEED when added to the shareholders of record the total number of shares outstanding.
“Where are these extra shares coming from? Why are there no controls on the number of shares held in the nominee name Cede & Co. vs. the ownership on the books and records of the brokers and why is the company not privy to any information unless it pays whatever fees it is told it must pay by the organizations that control the data?
“In fact, as the system is evolving, DTC is de facto becoming the largest transfer agent in the industry even though it is an organization formed by and working for the interests of the brokerage community. If, ultimately, the S.E.C. is in place to protect investors then this issue can not be ignored because in the end when the market is completely under the control of the brokers and the organizations that represent them then the market can neither be transparent nor fair.”
The DTCC actions in the StockGate mire are the most serious, if not notorious since the agent of two SROs, the New York Stock Exchange and NASD is also peopled by some 21 directors whose companies, such as Merrill Lynch & Co. (NYSE: MER), State Street Corporation (NYSE: STT) and Goldman Sachs (NYSE: GS), are unlikely to support the DTCC in its media censorship.
DTCC board members include 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); Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); and Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), 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).
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
For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279
The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268
NASD probes brokers over naked shorts
NASD IS PROBING NAKED SHORT SALES
By RODDY BOYD NY Post
September 8, 2005 -- If the National Association of Securities Dealers has its way, the naked shorts will be forced to cover up.
The NASD has requested data from the stock-lending operations of Wall Street giants in a bid to get to the bottom of what one regulator has called an epidemic of so-called naked shorting.
The requests went out to dealers large and small, from Morgan Stanley to Janney Montgomery Scott.
Naked shorting occurs when a short seller hoping to profit from a decline in a stock's price fails to borrow shares prior to establishing the position.
The practice has the potential to swamp thinly traded stocks with sell orders; numerous companies have argued that naked shorting has forced their stock prices below minimum listing requirements.
While always technically illegal, the Securities and Exchange Commission enacted Regulation SHO in January to curb the practice once and for all.
One individual at a large Wall Street firm that received the NASD's request said that it focused on stock loans resulting in trades that do not settle properly.
Regulators and anti-naked shorting advocates argue that dealers lend out more shares than are publicly available to trade.
An SEC official confirmed that no complaints have been brought in the nine months since Regulation SHO went into effect.
One avenue where additional pressure will be put on the Feds to act is the state level.
Ralph Lambiase, the head of the Connecticut division of securities and business investments, is said to be heading up an 11-state task force designed to crack down on the practice.
The task force, under the auspices of the North American Securities Administrators Association, and consisting of state securities regulators from all 50 states and Canada, is plotting strategy in meetings this week.
One state securities regulator, Bill Reilly of Florida, said he expected the increased effort would result in more voluntary compliance from dealers, as well as enforcement activity.
Capt: OTC 3 strikes Rule Oct 1
http://www.otcbb.com/news/2005/generalnews/threestrikes2.stm
The following news item has recently posted to the OTCBB Web Site:
Ineligibility for Repeat Untimely Filers Proposal Published in the Federal Register. Please read the summary information below or click the link above for more information via the web.
Summary:
-The proposal previously announced on May 16, 2005 has been published in the Federal Register.
-The proposed rule amendment is anticipated to be effective for filings with periods ending on or after October 1, 2005.
EEGC on likeys Thanks guys. eom
JWL restarted 1.38 -65% woe$ eom
PCCR for taste of floor sweepings eom
PCCR GWDB for 1 plays eom
EAG on N.O. Sat Army news eom
like TZOO GOAM PRRM has Kat Fever eom
CCGI My Lord! Was considering-was. eom
Huge snowstorm wipes PRRM 0.00005
Hey, it's something.
Nat Geo had Katrina Oct. 2004
Amazing. No wonder scientist types make poor traders as a
rule. They see things others can't or won't but way too soon
to benefit from market action.
Party on dudes. Oops closed for awhile. TBA.
http://www3.nationalgeographic.com/ngm/0410/feature5/
USXP dropsy 12 -3 travel baggage
Blame it on SEC or Kat? #1 Vol leader.
GSPG got gold, we do. Claims done.
GoldSpring, Inc. Completes Acquisition of Leases on Nevada Claims
via COMTEX
September 6, 2005
GOLD HILL, Nev., Sept 06, 2005 /PRNewswire-FirstCall via COMTEX/ --
GoldSpring, Inc. (OTC Bulletin Board: GSPG) announced today that it has completed the acquisition of the Justice, Woodville and Keystone patented claims from Comstock Gold, L.L.C. These claims are located in the Comstock Lode region of Nevada, adjacent to GoldSpring's operations in Storey County, Nevada. The acquisition was first announced in the Company's May 4, 2005 press release.
GoldSpring, Inc., President and CEO Rob Faber, said, "This acquisition fits well with our Company's focus on increasing efficiency and enhancing shareholder value. The Justice, Woodville and Keystone claims are contiguously located to our Plum mine operation. The proximity of the claims should allow us to develop the property in a cost-effective manner, thereby creating the opportunity for increased efficiencies in our overall mining operations."
Although specific terms of the transaction were not disclosed, GoldSpring, Inc. indicated that it was under favorable terms for the Company and included both stock and cash. The cash portion will be paid in installments over a two to three year period.
Faber continued, "The acquisition of these claims will enlarge our footprint in the Comstock Lode region and has the potential for expanding the life of our existing Plum Mine operation. The addition of these properties will also improve our geologic understanding of the entire physical area and its trends, which should increase the effectiveness of our future exploration activities."
GoldSpring also announced the date of its Annual Shareholders' Meeting. As stated in the preliminary proxy statement, filed on August 31, 2005 with the SEC, GoldSpring plans to hold the meeting on October 5, 2005 for shareholders of record on September 2, 2005. The meeting will be held in Carson City, Nevada.
GoldSpring is a North American natural resource company whose objective is to achieve growth and profitability through enhancements at our Plum Mine property in northern Nevada and through the acquisition of additional mining projects that can be efficiently put into near-term operation and production. We currently own mineral properties and conduct test mining in Storey County, Nevada, located about 30 miles southeast of Reno, Nevada. This operation consists of the Plum Mining facility. We also own mineral permits in Alberta, Canada.
NNOS hires Judge to get bashers LOL
News for 'NNOS' - (NanoSignal Corporation Announces its New President and CEO)
LAS VEGAS, Sept. 6, 2005, Sep 6, 2005 (PRIMEZONE via COMTEX) -- NanoSignal
Corp. (Pink Sheets:NNOS) announced today that "it has agreed to terms with
Retired Judge Kelly Slade to serve as President and CEO effective immediately,"
said Dr. Rupert Perrin.
Slade, who has been practicing law since 1977 -- first as a public defender and
then as a private practice attorney -- served from 1982 to 1994 as a Clark
County Judge in the Las Vegas Township. He was responsible for conducting
criminal hearings as well as other hearings. As a Justice Court Judge, he has a
broad understanding of Court processes. Since 1994, Judge Slade has owned and
operated a successful small business and law practice.
"I understand the current situation with the Company," said Judge Slade. "I
intend to look at every part of the company and make this company a success.
With the help of Dr. Perrin, we have already begun the process of restructuring
the Board of Directors. I intend to look at finding a remedy for the bashers of
the company and where slander and libel laws apply, we will aggressively pursue
legal action," stated Judge Slade.
"Now that Mr. Walters has removed himself from direct involvement in the
company, I know that I have a great opportunity to refocus the company on its
core business. I have to personally thank Mr. Walters for bringing the company
to this point in its development, and I know he has many other exciting projects
to develop," added Judge Slade.
Chairman of the Board Sir Rupert Perrin, Ph.D., stated that "it is an honor to
have Judge Slade on board with our company. This is just the beginning to the
new NanoSignal and the Board pledges to work closely with Judge Slade in
building his new team."
NNOS its Judge attacks bashers LOL
News for 'NNOS' - (NanoSignal Corporation Announces its New President and CEO)
LAS VEGAS, Sept. 6, 2005, Sep 6, 2005 (PRIMEZONE via COMTEX) -- NanoSignal
Corp. (Pink Sheets:NNOS) announced today that "it has agreed to terms with
Retired Judge Kelly Slade to serve as President and CEO effective immediately,"
said Dr. Rupert Perrin.
Slade, who has been practicing law since 1977 -- first as a public defender and
then as a private practice attorney -- served from 1982 to 1994 as a Clark
County Judge in the Las Vegas Township. He was responsible for conducting
criminal hearings as well as other hearings. As a Justice Court Judge, he has a
broad understanding of Court processes. Since 1994, Judge Slade has owned and
operated a successful small business and law practice.
"I understand the current situation with the Company," said Judge Slade. "I
intend to look at every part of the company and make this company a success.
With the help of Dr. Perrin, we have already begun the process of restructuring
the Board of Directors. I intend to look at finding a remedy for the bashers of
the company and where slander and libel laws apply, we will aggressively pursue
legal action," stated Judge Slade.
"Now that Mr. Walters has removed himself from direct involvement in the
company, I know that I have a great opportunity to refocus the company on its
core business. I have to personally thank Mr. Walters for bringing the company
to this point in its development, and I know he has many other exciting projects
to develop," added Judge Slade.
Chairman of the Board Sir Rupert Perrin, Ph.D., stated that "it is an honor to
have Judge Slade on board with our company. This is just the beginning to the
new NanoSignal and the Board pledges to work closely with Judge Slade in
building his new team."
Thanks z and 2 questions.
What does the * mean - ELANZ has one & others have had it in
past.
And IWWI (IWWD before R/S) is off the list (IWWD it was on list). Do those just 'go away' if they pull the common head fake of subs to get a new symbol in hopes of hiding their past? Damn things are like a dead beat dad.
Now with an even higher risk premium priced into the market I expect to see even fancier moves.
Great work, much appreciated. Keep looking fo one of these
to score off. But several are those dilute beasts like the
hated RVMN (RVNM he he).
AAMI adds 1.5M rounds to 'green ammo' order
Rem that 90%+ ammo is used on target ranges so environ impact
is sure to increase demand. R/S pending 1:10
Stock had a fast hard run & dump earlier. Flat as a dum dum
ever since.
News for 'AAMI' - (American Ammunition Receives New Order for 1,500,000 Rounds of Reduced Hazard ECO-AMMO(TM))
MIAMI, Sep 06, 2005 (BUSINESS WIRE) -- American Ammunition, Inc. (OTCBB:AAMI)
AAMI announced today it received a supplemental 1,500,000 round order on its line of ECO-AMMO(TM). The purchase order is for the 9mm caliber. The purchase order is under an existing federal contract and is in addition to the 2,000,000 round order announced on August 15, 2005. ECO-AMMO(TM) is a product with reduced lead pollutants sometimes referred to as "green" ammo, which disintegrates upon impact, reduces ricochets, as well as reducing environmental hazard.
Paul Goebel, Director of Sales and Marketing for AAMI stated, "The favorable responses we are receiving to our premium line of ECO-AMMO(TM) is very satisfying. It reinforces our belief that reduced hazard ammunition is viable in the marketplace and serves to create consumer demand."
About American Ammunition, Inc. -- AAMI is an autonomous manufacturer of ammunition, with the technology and equipment to take advantage of the growing market. It has an excellent reputation within the industry. The ammunition industry has experienced a 28% average increase in revenues annually between
1991 through 1998, and the trend is expected to continue through the year 2005 and beyond. For further product information, please call 1-305-835-7400 or visit the website at: http://www.a-merc.com For Investor Relations information, please
call: 1-305-446-4800 or e-mail: CISintr@netscape.net.
BCG! .99 -42% Lost Court case eom
FEMO got da rag? 0.0087 weaky eom
Chances are ICAN closed on a NO prop! eom