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Geotec Thermal Generators
Inc./TelcoEnergy Corporation (OTCBB:GETC) announced today the intention to
issue
a 15% stock dividend to Geotec shareholders of record on the date of
completion
of Geotec's acquisition of TelcoEnergy Corporation.
"TelcoEnergy recognizes the value of the long term and sustained support
provided by Geotec's shareholders and the importance of the continuing
support
of these shareholders as we move towards the integrated operations of the
merged
companies. TelcoEnergy wishes to show its appreciation by providing a 15%
stock
dividend to all Geotec shareholders of record at the time the acquisition
is
completed. The shares of stock transferred to the Geotec shareholders will
be
derived from a set of the stock provided to TelcoEnergy, as part of the
acquisition." as expressed by TelcoEnergy management.
Geotec/TelcoEnergy Management believes that it will take approximately 60
days
to finalize the acquisition process. As the closing date approaches,
management
will announce the exact date and terms of the dividend.
"We are aware that there are numerous shareholders that have been
acquiring
Geotec shares for several years, and I wish to personally thank them for
their
continuing support," stated W. Richard Lueck, CEO for Geotec/TelcoEnergy.
About Geotec: Geotec Thermal Generators, Inc. has exclusive rights, to the
Russian Federation technology for oil and gas recovery developed by the
Military
Research and Production Facility, FR & PC ALTAI for the Ministry of
Geology, for
use in North, South and Central America. This unique scientific technology
concluded development in 1986, comprising 6500 wells with 14 years of
research
and development. Over 30,000 wells have been treated with a 70% success
rate for
oil wells, and a 90+% success rate for gas wells. The technology produces
incremental oil yields averaging over 6000 barrels of oil per well, per
year.
Wells, in certain rock formations, have exceeded 45,000 barrels of oil per
well,
per year. Other than the Company, only 13 governments have been permitted
this
technology, including China and India.
About TelcoEnergy: TelcoEnergy Corporation has a 50% ownership in MACH 3
Enterprises, LLC, a Nevada Corporation. TelcoEnergy Corporation has U.S.
and
developing operations in Russia, China and South America. TelcoEnergy,
operating, "From the Wellhead to the Gas Pump." The details of the
complete
operations will be incorporated into SEC filings and new information
included in
future Geotec Press Releases.
Geotec Thermal Generators, Inc./TelcoEnergy Corporation (OTCBB:GETC) is an
operating oil/gas/energy company. Statements in this release, which relate
to
other than strictly historical facts, including statement about the
Company's
plans and strategies, as well as management's expectations about new and
existing products and services, technologies and opportunities, market
growth,
demand for new and existing products and services, are forward-looking
statements. The words "believe," "expect," "anticipate," "estimate,"
"project,"
"intend" and similar _expression identify forward-looking statements that
can
speak only as of the date hereof. This press release contains certain
forward-looking statements regarding Geotec Thermal Generators, Inc.,
TelcoEnergy Corporation, its business prospects and results of operations
that
are subject to certain risks and uncertainties posed by many factors and
events
that could cause Geotec/TelcoEnergy's actual business, prospects and
results of
operations to differ materially from those that may be anticipated by such
forward-looking statements. Readers are urged to carefully review and
consider
the various disclosures made by Geotec/TelcoEnergy in this new release and
other
reports filed with the Securities and Exchange Commission that attempt to
advise
interested parties of the risks and factors that may affect
Geotec/TelcoEnergy's
business.
SOURCE: Geotec Thermal Generators, Inc./TelcoEnergy Corporation
CONTACT: Mirador Consulting, Inc., Boca Raton
Frank Benedetto, 877-Mirador
fb@MiradorConsulting.com
or
Geotec Thermal Generators, Inc./TelcoEnergy Corporation
W. Richard Lueck, 561-447-7370
rlueck@mindspring.com
Your perceptions are seriously flawed by misinformation. Hows your stock market doing now?
Only people who plan to vote for Bush are stupid. EM
U.S. Government Propaganda Machine Crumbling in the Wake of Public Lies and Misinformation
http://www.strike-the-root.com/
"The voice of a free people can only be heard when the sound of the guns have died off."
G! Alex Gabor
No, not unless you do what he did. Live long and prosper.
U.S. Government Propaganda Machine Crumbling
http://www.strike-the-root.com/
"The voice of a free people can only be heard when the sound of the guns have died off."
G! Alex Gabor
U.S. Government Propaganda Machine Crumbling
http://www.strike-the-root.com/
"The voice of a free people can only be heard when the sound of the guns have died off."
G! Alex Gabor
My Day in Court
Recommended "The majority makes state politicians into the new prelates and priests of our day, selling the junk trinkets of false religion and superstition and gladly taking the shillings of an over-taxed peasantry in order to hear souls spring every time the coin box rings! It is no wonder to me that we are just a breath away from the New Dark Ages, a time when computer databases and technology will replace medieval castles and knights. The people are hungry and desperate for feudal lords who would pen their gates in and protect them from freedom, rather than leaving them free." Column by Abe Arias.
Source Link: http://www.strike-the-root.com/
Force begets force-Bush and his Administration are out!
Due Dillinger Expelled From Free and Clear Society
A person who goes by the moniker "Due Dillinger" has been expelled from the Free and Clear Society forever and condemned to drown in his debts and his family to be forever indentured for his crimes.
The order, issued by the Board of Trustees, came about as a result of a long series of posts made by him on Raging Bull and Investorshub that were full of innuendo, false and misleading statements, and which formed the basis of a harrassment suit against Mr. Dillinger which is the next action which may be taken by the organization.
Although he never formally joined the organization, all members of the human race were granted a free lifetime membership in the Free and Clear Society by the Free and Clear Foundations of Earth, International over a decade ago in order to promote cooperation and synergy among like minded people who sought to extricate themselves from the problems created by interest bearing debts that are used as the most common forms of currency in todays society.
Mr. Dillinger has been ordered by the Board to cease and desist from posting, distributing, or publishing any further forms of harrassment, innuendo, and/or false and misleading statements on any public bulletin board or face further severe action by members of the Free and Clear Society.
Published by The Free and Clear Press
Due Dillinger Expelled From Free and Clear Society
A person who goes by the moniker "Due Dillinger" has been expelled from the Free and Clear Society forever and condemned to drown in his debts and his family to be forever indentured for his crimes.
The order, issued by the Board of Trustees, came about as a result of a long series of posts made by him on Raging Bull and Investorshub that were full of innuendo, false and misleading statements, and which formed the basis of a harrassment suit against Mr. Dillinger which is the next action which may be taken by the organization.
Although he never formally joined the organization, all members of the human race were granted a free lifetime membership in the Free and Clear Society by the Free and Clear Foundations of Earth, International over a decade ago in order to promote cooperation and synergy among like minded people who sought to extricate themselves from the problems created by interest bearing debts that are used as the most common forms of currency in todays society.
Mr. Dillinger has been ordered by the Board to cease and desist from posting, distributing, or publishing any further forms of harrassment, innuendo, and/or false and misleading statements on any public bulletin board or face further severe action by members of the Free and Clear Society.
Published by The Free and Clear Press
This is not any threat Mr. Dillinger. You are hereby ordered to cease and desist from publishing, posting or circulating any further forms of public harrassment against Mr. Acs or any of his organizations. Further you are hereby expelled from the Free and Clear Society forever. May you drown in your debts and your family be forever indentured for your crimes. If you post anything further that is false, misleading, or any other forms of innuendo about him or any of his organizations, further actions will be taken. Be advised that you have been both publicly and privately warned. By order of the Board of Trustees.
NanoSignal Corp. (OTCBB:NNOS) announced today that in advance of the newly enacted short selling rule adopted by the NASD (which goes into effect April 1, 2004), that its Board of Directors have engaged the services of Morrow & Co., Inc., 445 Park Avenue, 5th Floor, New York, NY with the mandate to conduct a forensic shareholder audit to determine the extent of naked short selling in NNOS. For more information on Morrow & Co., Inc. go to www.morrowco.com. This action was with the approval of the majority shareholders.
Scott A. Ervin, CEO stated, "management believes that there is a significant and growing naked short position in NNOS due to 'naked short selling' in both the United States and Canada. We have asked Morrow & Co., Inc. to provide us with ongoing stock surveillance to monitor short selling. We will take all remedial actions recommended to us to stop naked short selling."
Naked short selling occurs whereby short-sellers sell stock short without properly borrowing the stock first. The NASD amendment has been seen by some as a measure to stop "naked short-selling" that has resulted in unwarranted selling pressure on many stocks like NNOS. The complete text of the NASD Notice delaying the amendment until April 1, 2004 appears below.
"NASD Notice to Members 04-08
Effective Date of Amendments to NASD Rule 3370 (Affirmative Determination Requirements) Extended to April 1, 2004
Executive Summary
NASD is delaying the effective date of amendments to Rule 3370 (Prompt Receipt and Delivery of Securities -- the "Affirmative Determination" Rule) approved by the SEC in November 2003, until April 1, 2004. The amendments expand the scope of the affirmative determination requirements to include orders received from broker/dealers that are not members of NASD ("non-member broker/dealers"). The effective date of the amendments originally was February 20, 2004. NASD understands that some members need to make significant technological changes to their systems to comply with the new requirements; therefore, NASD is extending the effective date to provide members with additional time to make such changes.
Questions/Further Information
Questions concerning this Notice may be directed to Gary L. Goldsholle, Associate General Counsel, Regulatory Policy and Oversight, NASD, at 202-728-8104; or Patricia M. Albrecht, Assistant General Counsel, Regulatory Policy and Oversight, NASD, at 202-728-8026.
Discussion
As further detailed in Notice to Members 04-03, the SEC recently approved amendments to Rule 3370 to require that, prior to accepting a short sale order from a non-member broker/dealer, a member make an affirmative determination that the member will receive delivery of the security from the non-member broker/dealer or that the member can borrow the security on behalf of the non-member broker/dealer for delivery by the settlement date. In addition, the amendments provide exemptions for certain proprietary orders of a non-member broker/dealer if those proprietary orders meet the same conditions for exemptions applicable to proprietary orders of member firms, and the following two conditions are satisfied: (1) the non-member broker/dealer must be registered with the SEC; and (2) if using the market maker exemption, the non-member broker/dealer is registered or qualified as a market maker in the securities and is selling such securities in connection with bona fide market making.
As approved, the effective date of the amendments was February 20, 2004; however, NASD is delaying the effective date of these provisions until April 1, 2004. NASD understands that some members will need to make significant technological changes to their systems to comply with the new requirements. NASD believes that delaying the effective date of these amendments until April 1, 2004, will provide members the additional time necessary to make changes to their systems. Endnotes: 1 File No. SR-NASD-2001-85; SEC Release No. 34-48788 (Nov. 14, 2003); Rule, to go into effect on February 19, 2004, is delayed until April 1, 2004; 68 F.R. 65978 (Nov. 24, 2003); 2 See Notice to Members 04-03 (January 2004)."
The results of the forensic shareholder's audit will be posted on the Company's website for review by all shareholders and members of the public. The Company will take all appropriate actions following the audit based upon the recommendations of its experts.
Forward Looking Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statements.
SOURCE: NanoSignal Corp.
Princeton Research, Inc.
J. Michael King, 702-650-3000 (Investor Relations
How many MM's will go belly up on April Fools Day?
http://www.investorshub.com/boards/read_msg.asp?message_id=2600581
“CELLAR BOXING”
There’s a form of the securities fraud known as naked short selling that is becoming very popular and lucrative to the market makers that practice it. It is known as “Cellar boxing” and it has to do with the fact that the NASD and the SEC had to arbitrarily set a minimum level at which a stock can trade. This level was set at $.0001 or one-one hundredth of a penny. This level is appropriately referred to as “the cellar”. This $.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
“Cellar boxing” has been one of the security frauds du jour since 1999 when the market went to a “decimalization” basis. In the pre-decimalization days the minimum market spread for most stocks was set at 1/8th of a dollar and the market makers were guaranteed a healthy “spread”. Since decimalization came into effect, those one-eighth of a dollar spreads now are often only a penny as you can see in Microsoft’s quote throughout the day. Where did the unscrupulous MMs go to make up for all of this lost income? They headed "south" to the OTCBB and Pink Sheets where the protective effects from naked short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are nonexistent.
The unique aspect of needing an arbitrary “cellar” level is that the lowest possible incremental gain above this cellar level represents a 100% spread available to MMs making a market in these securities. When compared to the typical spread in Microsoft of perhaps four-tenths of 1%, this is pretty tempting territory. In fact, when the market is no bid to $.0001 offer there is theoretically an infinite spread.
In order to participate in “cellar boxing”, the MMs first need to pummel the price per share down to these levels. The lower they can force the share price, the larger are the percentage spreads to feed off of. This is easily done via garden variety naked short selling. In fact if the MM is large enough and has enough visibility of buy and sell orders as well as order flow, he can simultaneously be acting as the conduit for the sale of nonexistent shares through Canadian co-conspiring broker/dealers and their associates with his right hand at the same time that his left hand is naked short selling into every buy order that appears through its own proprietary accounts. The key here is to be a dominant enough of a MM to have visibility of these buy orders. This is referred to as "broker/dealer internalization" or naked short selling via "desking" which refers to the market makers trading desk. While the right hand is busy flooding the victim company's market with "counterfeit" shares that can be sold at any instant in time the left hand is nullifying any upward pressure in share price by neutralizing the demand for the securities. The net effect becomes no demonstrable demand for shares and a huge oversupply of shares which induces a downward spiral in share price.
In fact, until the "beefed up" version of Rule 3370 (Affirmative determination in writing of "borrowability" by settlement date) becomes effective, U.S. MMs have been "legally" processing naked short sale orders out of Canada and other offshore locations even though they and the clearing firms involved knew by history that these shares were in no way going to be delivered. The question that then begs to be asked is how "the system" can allow these obviously bogus sell orders to clear and settle. To find the answer to this one need look no further than to Addendum "C" to the Rules and Regulations of the NSCC subdivision of the DTCC. This gaping loophole allows the DTCC, which is basically the 11,000 b/ds and banks that we refer to as "Wall Street”, to borrow shares from those investors naive enough to hold these shares in "street name" at their brokerage firm. This amounts to about 95% of us. Theoretically, this “borrow” was designed to allow trades to clear and settle that involved LEGITIMATE 1 OR 2 DAY delays in delivery. This "borrow" is done unbeknownst to the investor that purchased the shares in question and amounts to probably the largest "conflict of interest" known to mankind. The question becomes would these investors knowingly loan, without compensation, their shares to those whose intent is to bankrupt their investment if they knew that the loan process was the key mechanism needed for the naked short sellers to effect their goal? Another question that arises is should the investor's b/d who just earned a commission and therefore owes its client a fiduciary duty of care, be acting as the intermediary in this loan process keeping in mind that this b/d is being paid the cash value of the shares being loaned as a means of collateralizing the loan, all unbeknownst to his client the purchaser.
An interesting phenomenon occurs at these "cellar" levels. Since NASD Rule 3370 allows MMs to legally naked short sell into markets characterized by a plethora of buy orders at a time when few sell orders are in existence, a MM can theoretically "legally" sit at the $.0001 level and sell nonexistent shares all day long because at no bid and $.0001 ask there is obviously a huge disparity between buy orders and sell orders. What tends to happen is that every time the share price tries to get off of the cellar floor and onto the first step of the stairway at $.0001 there is somebody there to step on the hands of the victim corporation's market.
Once a given micro cap corporation is “boxed in the cellar” it doesn’t have a whole lot of options to climb its way out of the cellar. One obvious option would be for it to reverse split its way out of the cellar but history has shown that these are counter-productive as the market capitalization typically gets hammered and the post split share price level starts heading back to its original pre-split level.
Another option would be to organize a sustained buying effort and muscle your way out of the cellar but typically there will, as if by magic, be a naked short sell order there to meet each and every buy order. Sometimes the shareholder base can muster up enough buying pressure to put the market at $.0001 bid and $.0002 offer for a limited amount of time. Later the market makers will typically pound the $.0001 bids with a blitzkrieg of selling to wipe out all of the bids and the market goes back to no bid and $.0001 offer. When the weak-kneed shareholders see this a few times they usually make up their mind to sell their shares the next time that a $.0001 bid appears and to get the heck out of Dodge. This phenomenon is referred to as “shaking the tree” for weak-kneed investors and it is very effective.
At times the market will go to $.0001 bid and $.0003 offer. This sets up a juicy 200% spread for the MMs and tends to dissuade any buyers from reaching up to the "lofty" level of $.0003. If a $.0002 bid should appear from a MM not "playing ball" with the unscrupulous MMs, it will be hit so quickly that Level 2 will never reveal the existence of the bid. The $.0001 bid at $.0003 offer market sets up a "stalemate" wherein market makers can leisurely enjoy the huge spreads while the victim company slowly dilutes itself to death by paying the monthly bills with "real" shares sold at incredibly low levels. Since all of these development-stage corporations have to pay their monthly bills, time becomes on the side of the naked short sellers.
At times it almost seems that the unscrupulous market makers are not actively trying to kill the victim corporation but instead want to milk the situation for as long of a period of time as possible and let the corporation die a slow death by dilution. The reality is that it is extremely easy to strip away 99% of a victim company’s share price or market cap and to keep the victim corporation “boxed“ in the cellar, but it really is difficult to kill a corporation especially after management and the shareholder base have figured out the game that is being played at their expense.
As the weeks and months go by the market makers make a fortune with these huge percentage spreads but the net aggregate naked short positions become astronomical from all of this activity. This leads to some apprehension amongst the co-conspiring MMs. The predicament they find themselves in is that they can’t even stop naked short selling into every buy order that appears because if they do the share price will gap and this will put tremendous pressures on net capital reserves for the MMs and margin maintenance requirements for the co-conspiring hedge funds and others operating out of the more than 13,000 naked short selling margin accounts set up in Canada. And of course covering the naked short position is out of the question since they can’t even stop the day-to-day naked short selling in the first place and you can't be covering at the same time you continue to naked short sell.
What typically happens in these situations is that the victim company has to massively dilute its share structure from the constant paying of the monthly burn rate with money received from the selling of “real” shares at artificially low levels. Then the goal of the naked short sellers is to point out to the investors, usually via paid “Internet bashers”, that with the, let’s say, 50 billion shares currently issued and outstanding, that this lousy company is not worth the $5 million market cap it is trading at, especially if it is just a shell company whose primary business plan was wiped out by the naked short sellers’ tortuous interference earlier on.
The truth of the matter is that the single biggest asset of these victim companies often becomes the astronomically large aggregate naked short position that has accumulated throughout the initial “bear raid” and also during the “cellar boxing” phase. The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely: bankruptcy, a reverse split, or the forced signing of a death spiral convertible debenture out of desperation. As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes name changes, CUSIP # changes, cancel/reissue procedures, dividend distributions, amending of by-laws and Articles of Corporation, etc. Nevada domiciled companies usually cancel all of their shares in the system, both real and fake, and force shareholders and their b/ds to PROVE the ownership of the old “real” shares before they get a new “real” share. Many also file their civil suits at this time also. This indirect forcing of hundreds of U.S. micro cap corporations to go through all of these extraneous hoops and hurdles as a means to survive, whether it be due to regulatory apathy or lack of resources, is probably one of the biggest black eyes the U.S. financial systems have ever sustained. In a perfect world it would be the regulators that periodically audit the “C” and “D” sub-accounts at the DTCC, the proprietary accounts of the MMs, clearing firms, and Canadian b/ds, and force the buy-in of counterfeit shares, many of which are hiding behind altered CUSIP #s, that are detected above the Rule 11830 guidelines for allowable “failed deliveries” of one half of 1% of the shares issued. U.S. micro cap corporations should not have to periodically “purge” their share structure of counterfeit electronic book entries but if the regulators will not do it then management has a fiduciary duty to do it.
A lot of management teams become overwhelmed with grief and guilt in regards to the huge increase in the number of shares issued and outstanding that have accumulated during their “watch”. The truth however is that as long as management made the proper corporate governance moves throughout this ordeal then a huge number of resultant shares issued and outstanding is unavoidable and often indicative of an astronomically high naked short position and is nothing to be ashamed of. These massive naked short positions need to be looked upon as huge assets that need to be developed. Hopefully the regulators will come to grips with the reality of naked short selling and tactics like "Cellar boxing" and quickly address this fraud that has decimated thousands of U.S. micro cap corporations and the tens of millions of U.S. investors therein.
D.C. Sniper: The Good News
by Joe Blow
The “sniper” shootings in the metro D.C. area can be viewed from several perspectives, most of them negative, but we are remiss if we overlook the positive aspects of this very public ordeal. Irrespective of who the shooter is or how many more citizens will be wounded or killed, there is some very good news: The truth has returned.
The State is now seen—daily, live, and in color—for what it truly is: bloated, overrated, expensive, inefficient, ineffective, and utterly helpless against a dedicated individual who refuses to play by Leviathan’s rules. Millions of Americans have lived in a fog of delusion for decades, believing the lies of the State. Five million metro D.C. residents were recently forced to face the ugly truth: the State cannot protect them from this shooter, or from anyone else. While this used to be common knowledge and well understood, millions of other Americans also recently learned the facts of life the hard way.
Concealed carry weapon permit applications are way up in Virginia. Fearing for their wives’ safety, husbands are sending them to the State to beg for “permission” to defend themselves. Reality therapy—don’t you just love it?
The scales have fallen from millions of pairs of eyes in the past three weeks, thanks to the “sniper.” Suddenly, “we have all become Israelis” actually means something to those who still refused to believe it a month ago.
Millions of Americans were recently forced to confront Mao Zedong’s truth that “power comes from the barrel of a gun.” The same citizens who are now scrambling to “legally” purchase firearms to defend themselves are simultaneously witnessing renewed interest in even more gun control legislation by the State. Those who are actually paying attention soon realize that they are now wondering which is worse: not having a gun or the State’s renewed efforts to ensure that they never get one. More reality therapy.
Many Americans are suddenly operating outside their comfort zones and their anxiety levels have greatly increased. More good news! There’s nothing like reality therapy to shock complacent, deluded, and ignorant people back to their senses, and just in time for the election.
Based on current trends, the “sniper” situation in the D.C. metro area could have a profound impact on the November 5th election. Public events are being canceled left and right. Schools are in lock down or closed. People are staying home, pedestrians are becoming scarce, and retail sales are suffering. One can only hope that the same effect will apply to the polls.
Now that the “sniper” supposedly demanded up to $10 million and also threatened the lives of everyone’s children, this becomes almost a sure thing, assuming that he is not caught by then. If he isn’t, the upcoming election will be a bust in the metro D.C. area. Voter turnout will be meager at best.
Forget about feigned legitimacy of the State, for it has none. Joe Six Pack just realized that. He is much more interested in the safety and security of his children than going through the motions of pretending to elect State officials who are clueless and helpless, despite having unlimited resources and military support.
Other great truths that have recently resurfaced, thanks to the “sniper”:
- Trading liberty for illusions of safety is never a good deal.
- A smart, mobile individual can easily outmaneuver a large, slow State.
- A single “sniper” is a very powerful force multiplier.
- Promises of politicians mean nothing as you bleed to death.
- Terror is a very effective weapon.
- Asymmetrical warfare is not only inexpensive, it is also very effective.
- Only dinosaurs and losers play by the rules in modern warfare.
- Rule #1 of submarine warfare: shoot first.
- Rule #1 of special warfare: there are no rules, win at all costs.
- God created men, Sam Colt made them equal.
The Marines just canceled their annual sniper competition due to the sensitivity of the D.C. “sniper” situation. What’s wrong with this picture? Not only is the metro D.C. area shutting down, the world’s finest military snipers are now not even being allowed to practice their deadly skills, thanks to political correctness and the upcoming election. That alone tells you all you need to know about the State.
For the rest of you, just go back to watching TV. Maybe you’ll get to see Homer Simpson utter one of his best lines: "Marge, the reason we have elected officials is so we don't have to think!"
October 23, 2002
http://www.strike-the-root.com/columns/blow/blow3.html
Bravo Zeev...Proves one thing...the bible is full of BS.
Recently, I spent one class period discussing current events with my public high school students. This wasn’t planned, but the scheduled event was rained out so I substituted an impromptu review of the news. We bounced around the world with me asking them questions, hoping that someone would know something about world events. As usual, most of them were clueless.
After teaching for almost nine years, I have concluded that a large majority of my high school students live in their own little world, oblivious to all but the bell and earthquakes over 5.0 on the Richter scale. This is California .
Eventually, one student asked a question about gay marriages in San Francisco , and we were off and running. A wide variety of viewpoints instantly surfaced. It is very easy to tell when you finally have their interest and attention because they immediately attempt to drown out their vociferous classmates by loudly interjecting their own opinion. This controversial issue was no exception, so we explored it further.
We talked about marriage licenses, who issues them, what they are used for, why they exist, and what, if anything, is gained by possessing one. I also pointed out that unless the marriage is officially recorded, it does not exist legally, even if a ceremony was conducted. That precipitated several questions about why the State regulates marriage.
I explained to them that historically, marriages were religious ceremonies conducted by holy men of various faiths, not by civil servants of the State. Several students were surprised to learn that the Roman Catholic Church functioned as a de facto State for many years before being replaced by its more modern and ubiquitous secular cousin.
Finally, one young lady who was obviously upset remarked, “Who are these people to tell others that they can’t get married? There ought to be a law against it!” Playing the devil’s advocate, I took the opposite position saying, “I disagree. I would say that another law is not the solution; more laws are the problem.” The silence was total, but brief....
http://www.strike-the-root.com/4/blow/blow4.html
“Freedom is where you find it, but it won’t come looking for you.”
http://www.strike-the-root.com/4/blow/blow4.html
99% of all laws are negative; they take something away from you, in many different ways — including registration, certification, licensing, fees, regulation, limitation, and outright prohibition — with the kicker of hefty fines thrown in for failure to abide by the new rules. All are simply politically correct euphemisms for taxes. They all take away your freedom, under color of law. Thank you, State agents. p
http://www.strike-the-root.com/4/blow/blow4.html
Spain's Ruling Party Swept From Power
By DANIEL WOOLLS, Associated Press Writer
MADRID, Spain - Spain's ruling conservatives crashed to surprise defeat in elections overshadowed by anger over terrorist bombings, becoming the first government that backed the U.S.-led war in Iraq (news - web sites) to be voted out of office.
The win by the Socialists over President Jose Maria Aznar's favored Popular Party Sunday came amid charges that Aznar made Spain a target for terrorist by supporting the Iraq war.
Spain's incoming prime minister, Jose Luis Rodriguez Zapatero, has pledged to bring home the 1,300 Spanish troops in Iraq when their tour of duty ends in July.
Zapatero fell short of a majority in Parliament and will need help to form a government. But it was still a spectacular — and bittersweet — triumph that capped four tumultuous days beginning with Thursday's terror attacks in Madrid, which killed 200 people and wounded 1,500. Critics of the government said it had provoked the attacks by backing the Iraq war.
Next came millions-strong, nationwide street rallies against the railway bombings, smaller ones against the increasingly beleaguered government of Prime Minister Jose Maria Aznar, the arrest of five suspects in the bombings, including three Moroccans, and a reported al-Qaida claim of responsibility in a videotape.
The tape raised the possibility that terrorists aligned with Osama bin Laden (news - web sites) had changed the course of a national election. Spain's government has insisted its prime suspect in Thursday's rail bombings was the armed Basque separatist group ETA.
In one fell swoop, voters ousted Aznar, whose party was favored to win just days ago, even though he brought Spain eight straight years of economic growth, made it a founding member of the euro single currency, cut unemployment in half and brought a degree of prominence to a long-ignored country.
With 99 percent of the votes counted, the Socialists soared from 125 seats to 164 in the outgoing 350-seat legislature. The ruling Popular Party fell from 183 to 148. It cannot try to form a coalition because it has no virtually no allies in the legislature, where it had enjoyed a majority and was often accused of riding roughshod over opponents.
Rodriguez Zapatero started his victory speech by remembering those killed in the railway bombings. "At this moment I think of the lives that were broken by terror on Thursday," he said, then asked the crowd to join him in a minute of silence.
"My most immediate priority will be to fight terrorism," he said.
The Spanish Socialist Workers Party ruled from 1982 to 1996 but ran afoul of corruption scandals and was voted out in 1996, when Aznar took power.
Savoring victory again, outside Socialist party headquarters 1,000 jubilant supporters cheered and waved the party's red flag. But they, too, mourned those killed in the railway blasts. "Not all of us are here. Two hundred are missing," the crowd shouted.
"I think the party won because of people's frustration people about the Popular Party getting us into the war in Iraq," said one of them, housewife Loli Carrasco Gomez, 36.
Of the troops in Iraq, she said: "I hope they all come home and never go back."
Ruling party candidate Mariano Rajoy, Aznar's hand-picked successor, called Zapatero to congratulate Zapatero.
Outside the Popular Party headquarters, some 100 supporters chanted "Viva Espana! Viva Aznar" and waved party flags although there was nothing to celebrate.
Aznar chose not to seek a third term, saying he wanted renewal in government and his party.
Pre-election polls had favored his ruling party to win handily.
But on election day voters expressed anger with the government, accusing it of provoking the Madrid attacks by supporting the U.S.-led war in Iraq, which a vast majority of Spaniards opposed.
The government had insisted that its prime suspect in Thursday's rail bombings was the armed Basque separatist group ETA, even as evidence mounted of an Islamic link in the bombings.
The government was accused of withholding information on the investigation to save the election.
Throughout Sunday, voters said they lost faith in the ruling party.
"I wasn't planning to vote, but I am here today because the Popular Party is responsible for murders here and in Iraq," said Ernesto Sanchez-Gey, 48, who voted in Barcelona.
You might call biotech Valentis (VLTS) a late bloomer. On Dec. 29, it traded at 2.49 but by Feb. 25 had jumped to 5.72. What happened? George Soros, through his Perseus-Soros BioPharmaceutical Fund, bought more shares in a private deal, upping his stake to 20%. Valentis' lead product, Deltavasc, is a novel angiogenesis -- that is, it's designed to grow new blood vessels in patients suffering from arterial disease. Dennis Purcell, managing director at Perseus-Soros Fund, says Soros wants to help biotechs with good products complete their clinical trials. Initial results from Valentis' Phase 2 trials, which test for safety, look promising...according to Gene G. Marcial...
I wonder how many times your father smacked you upside the head when you disagreed with him? Musta worked...now you are so wise for it and make lots of money while 2/3rds of the world earns less than $2.00 per day. Must be nice being blind and deaf! Hear no evil, see no evil makes eanomnshute a good little boy!
P.S. Confusion will be your epitaph. EM
You left out the part about the US Army and Defense Department...go back to your Singapore job and earn money while someone else smacks America upside the head...you have met the enemy and the enemy is yourself.
Geotec Thermal Generators
Inc.
(OTCBB:GETC) announces an Update to its Shareholders.
Geotec Management is very excited about the acquisition of TELCO Energy
Corporation, and the details and events of the next few weeks require that
we
inform our shareholders of the process.
First, you will continue to see press releases regarding TELCO's ongoing
operations, as we are provided all the details necessary for publication
and
release. Geotec Management believes that TELCO is a very rare and exciting
company with operations in the United States, China and Russia. TELCO's
motto is
"From the Wellhead to the Gas Pump." You can also expect to see the depth
and
experience of TELCO management.
Second, we are required to send to all shareholders a proxy notice of the
acquisition, including the increase in authorized shares. It will require
your
approval, however Geotec management, owning more than 50% of the company,
has
pledged approval, such that the acquisition is pre-determined.
Third, the acquisition will require Geotec to change its name to TELCO,
and this
will require a change in cusip number, trading symbol, and a surrendering
of
your share certificates to the transfer agent to enable you to receive
your
shares in TELCO Energy Corporation.
About Geotec: Geotec Thermal Generators, Inc. has exclusive rights to the
Russian Federation technology for oil and gas recovery developed by the
Military
Research and Production Facility, FR & PC ALTAI for the Ministry of
Geology, for
use in North, South and Central America. This unique scientific technology
concluded development in 1986, comprising 6500 wells with 14 years of
research
and development. Over 30,000 wells have been treated with a 70% success
rate for
oil wells, and a 90+% success rate for gas wells. The technology produces
incremental oil yields averaging over 6000 barrels of oil per well, per
year.
Wells, in certain rock formations, have exceeded 45,000 barrels of oil per
well,
per year. Other than the Company, only 13 governments have been permitted
this
technology, including China and India.
About Telco: TELCO Energy Corporation has U.S. and developing operations
in
Russia and China. The details of the complete operations will be
incorporated
into SEC filings and new information included in future Geotec Press
Releases.
Geotec Thermal Generators, Inc. (OTCBB:GETC) is an operating oil and gas
well
treatment company. Statements in this release, which relate to other than
strictly historical facts, including statements about the Company's plans
and
strategies, as well as management's expectations about new and existing
products
and services, technologies and opportunities, market growth, demand for
new and
existing products and services, are forward-looking statements. The words
"believe", "expect", "anticipate", "estimate", "project", "intend" and
similar
expression identify forward-looking statements that can speak only as of
the
date hereof. This press release contains certain forward-looking
statements
regarding Geotec Thermal Generators, Inc., its business prospects and
results of
operations that are subject to certain risks and uncertainties posed by
many
factors and events that could cause Geotec's actual business, prospects
and
results of operations to differ materially from those that may be
anticipated by
such forward-looking statements. Readers are urged to carefully review and
consider the various disclosures made by Geotec in this news release and
other
reports filed with the Securities and Exchange Commission that attempt to
advise
interested parties of the risks and factors that may affect Geotec's
business.
SOURCE: Geotec Thermal Generators Inc.
CONTACT: Mirador Consulting, Inc., Boca Raton
Frank Benedetto, 877-Mirador
E-mail fb@MiradorConsulting.com
or
Geotec Thermal Generators, Inc.
W. Richard Lueck, 561-447-7370
E-mail rlueck@mindspring.com
U.S Sec Sued in Florida-Here comes the Avalanche
The U.S. Securities and Exchange Commission is being sued in the U.S. District Court,
Southern District of Florida, for harassment and intimidation by Universal Express, Inc. (OTCBB: USXP), in part rising out of the SEC's investigation into
claims that Universal Express has been a victim of naked short selling. As of this writing, the company has not disclosed in a press release or other filing
that it has filed.
Recently, leading market makers named in various lawsuits and other actions, including Ameritrade Holding Corp. (NASDAQ:AMTD), Deutsche Bank AG (NYSE: DB),
and ETrade Group, Inc. (NYSE: ET) were given a "reprieve" until April 1 to comply with new short-selling market regulations imposed by the NASD after
the SEC had "sat on" the NASD request to plug material loopholes for almost 2-1/2 years.
According to a non-affiliated source that provided the document to FinancialWire, the filing occurred March 3. The lawsuit infers that SEC subpoenas issued to funding and acquisition targets have spooked and interfered
with the company's ability to raise capital and to complete acquisitions, such as that of North American Airlines.
It also states that USXP and its executives have been served with what appears
to have been dozens of subpoenas, over many months, asking for virtually every
document in the company's possession. The lawsuit notes that the company had
complied with all of them, despite due dates often as short as two days, but
that the SEC appears bent on "harassing" the company with ever
increasing demands.
The reason given for delaying the implementation of the "loophole" close
was that many NASD members, most of whom have argued in the past that their
trading systems do not allow for "naked" short selling, "need to
make significant technological changes to
their systems to comply with the new requirements." This could easily become
fodder for the many lawsuits that have been filed in this long-standing national
scandal called StockGate.
For some in the industry, the fact that the new date coincides with "April
Fool" was not lost.
The NASD noticed its members that it is "delaying the effective date of
amendments to Rule 3370 (Prompt
Receipt and Delivery of Securities-the "Affirmative Determination" Rule)
approved by the SEC in November 2003,1 until April 1, 2004.
"The amendments expand the scope of the affirmative determination
requirements to include orders received from broker/dealers that are not members
of NASD ("non-member broker/dealers"). The effective date of the amendments
originally was March 5, 2004," said the notice.
The proposed and now delayed rule is on the web at
http://www.nasdr.com/2610_2004.asp#04-03
The rule itself, while welcomed by small companies and their shareholders in the
U.S., nevertheless raised an outcry because the NASD's request to put it into
effect had set on a shelf at the SEC since 2001.
Meanwhile, CBS Marketwatch, a venture between Marketwatch (NASDAQ: MKTW) and
Viacom's (NYSE: V) CBS unit, has suggested that victims of securities fraud may
be able to file for theft claims on tax returns instead of capital losses.
The scandal has embroiled hundreds of companies and dozens of brokers and
marketmakers, in a web of international intrigue, manipulative short-selling
and cross-border accusations and denials.
Comments on Regulation SHO ended January 5, and may be viewed at
http://www.sec.gov/rules/proposed/s72303.shtml .
Some 122 companies, including 13 brokers, such as FleetBoston (NYSE: FBF),
Goldman, Sachs & Co. (NYSE: GS), H. Myerson & Co., Inc. (NASDAQ:MHMY), Olde /
H&R Block (NYSE: HRB), Charles Schwab (NYSE: SCH), Toronto-Dominion's (NYSE:
TD), TD Waterhouse Group and vFinance, Inc. (OTCBB: VFIN). A.G. Edwards at, Inc.
(NYSE: AGE), Ameritrade Holding Corp. (NASDAQ:AMTD), Deutsche Bank AG (NYSE:
DB), and ETrade Group, Inc. (NYSE: ET), have been embroiled for over a year in a
raging controversy
The remaining 109 companies among the 122 named to date have issued press
releases or been named in the media as having been victimized, or as taking
various actions, either alone or in concert with other companies, to oppose
manipulative trading in the form of illegal naked short selling. The actions
have ranged from lawsuits to withdrawals and threatened withdrawals from the
electronic trading system managed by the Depository Trust & Clearing Corp., to
withdrawals from toxic financings, to the issuance of dividends or name changes
designed to squeeze manipulators, to joining associations or networks or to
contacting regulatory authorities to provide documentation of abuses or
otherwise complain.
The complete list of those 108 companies include Advanced Viral Research Corp.
(OTCBB: ADVR), AdZone Research, Inc. (OTCBB: ADZR), Amazon Natural Treasures
(OTC: ANTD), America's Senior Financial Services (OTCBB: AMSE), American
Ammunition, Inc. (OTCBB: AAMI), AngelCiti Entertainment (OTCBB: AGLC), ATSI
Communications, Inc. (OTC: ATSC), Federal Agricultural Mortgage / Farmer Mac
(NYSE: AGM) Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV),
American International Industries (OTCBB: AMIN), Ameri-Dream (OTC: AMDR),
Adirondack Pure Springs Mt. Water Co. (OTCBB: APSW), ATSI Communications, Inc.
(OTC: ATSC) Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB:
BLIIV), Bentley Communications (OTCBB: BTLY), BIFS Technologies Corporation
(OTCBB: BIFT), Biocurex (OTCBB: BOCX). Broadleaf Capital Partners, Inc. (OTCBB:
BDLF), Chattem, Inc. (NASDAQ:CHTT), Critical Home Care (OTCBB: CCLH), Composite
Holdings (OTC: COHIA), CyberDigital, Inc. (OTCBB: CYBD). Diamond International
Group (OTCBB: DMND), Dobson Communications Corp. (NASDAQ:DCEL), Eagle Tech
Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH);
Also, Endovasc Ltd. (OTCBB: EVSC), Enviro-Energy Corporation (OTCBB: ENGY),
Environmental Products & Technologies (OTC: EPTC), Environmental Solutions
Worldwide, Inc. (OTCBB: ESWW), EPIXTAR Corp. (OTCBB: EPXR),
eResearchTechnologies, Inc. (NASDAQ:ERES), Flight Safety Technologies (OTCBB:
FLST), Freddie Mac (NYSE: FRE), FreeStar Technologies (OTCBB: FSRCE), Front
Porch Digital,
Inc. (OTCBB: FPDI), Geotec Thermal Generators, Inc. (OTCBB: GETC), Genesis
Intermedia (OTC: GENI), GeneMax Corp. (OTCBB: GMXX), Global Explorations Inc
(OTC: GXXL), Global Path (OTCBB: GBPI), GloTech Industries, Inc. (OTCBB: GTHI),
Green Dolphin Systems (OTCBB: GLDS), Group Management (OTCBB: GPMT), Hop-On
(OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), Hyperdynamics Corp. (OTCBB: HYPD),
International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO),
International Broadcasting Corporation (OTCBB: IBCS), InternetStudios, Inc.
(OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Investco Corp. (OTCBB: IVCO), Lair
Holdings (OTC: LAIR), Lifeline BioTechnologies Inc. (OTC: LBTT), Life Energy &
Technology (OTCBB: LETH), MBIA (NYSE: MBI);
Also, MegaMania Interactive (OTC: MNIA), MetaSource Group, Inc. (OTCBB: MTSR),
Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), Medinah Minerals (OTC:
MDMN), MSM Jewelry Corp. (OTC: MSMC), Nanopierce Technologies, Inc. (OTCBB:
NPCT), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Navigator
Ventures (OTC: NVGV), Orbit E-Commerce, Inc. (OTCBB: OECI), Pitts & Spitts (OTC:
PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PACC), PayStar
Corporation (OTC: PYST), Petrogen Corp. (OTCBB: PTGC), Pinnacle Business
Management (OTC: PCBM), Premier Development & Investment, Inc. (OTCBB: PDVN),
PrimeHoldings.com, Inc. (OTC: PRIM), Phlo Corporation (OTCBB: PHLC), Resourcing
Solutions (OTC: RESG), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp.
(OTCBB: RMECE), RTIN Holdings (OTCBB: RTNHE), Saflink Corp. (NASDAQ:SFLK), Safe
Travel Care (OTCBB: SFTVV), Sedona Corp. (OTCBB: SDNA);
Also, Sionix Corp. (OTCBB: SINX), Sonoran Energy (OTCBB: SNRN), Starmax
Technologies (OTC: SMXIF), Storage Suites America (OTC: SSUA), Suncomm
Technologies (OTC: STEH), Sports Resorts International (NASDAQ:SPRI), Technology
Logistics (OTC: TLOS), Swiss Medica, Inc. (OTCBB: SWME), Ten Stix, Inc. (OTCBB:
TNTI), Tidelands Oil (OTCBB: TIDE), Titan Construction (OTC: TTCS), Trezac Corp.
(OTCBB: TRZAV), Universal Express, Inc. (OTCBB: USXP), Valesc Holdings, Inc.
(OTCBB: VLSHV), Vega Atlantic (OTCBB: VGAC), Viragen (AMEX: VRA), Viragen
International (OTCBB: VGNI), Vista Continental Corporation, (OTCBB: VICC), Viva
International (OTCBB: VIVI), Vtex Energy (OTCBB: VXENE) and Wizzard Software
(OTCBB: WIZD), WorldTradeShow.com (OTC: WTSW) and Y3K Secure Enterprise
Software, Inc. (OTCBB: YTHK).
Earlier in 2003, the SEC fined Rhino Advisors, Inc., $1 million for its
representation of Amro International in the financing and manipulation of Sedona
Corp. Amro, also known as AMRO, was registered in Panama, a secretive offshore
haven, but was not named in the SEC settlement. Another 60 public companies may
have been manipulated by the fined Rhino Advisors and its indicted principals,
or its funding apparatus, Amro.
These include:
All American Food Group Inc (OTC: AAFGQ), Amanda Co Inc (OTC: AMNA), Antra
Holdings (OTC: RECD), Aquis Communications Group Inc (OTCBB: AQUIS), Avanir
Pharmaceuticals (AMEX: AVN), Bionutrics Inc (OTC: BNRX), Brilliant Digital
Entertainment Inc (AMEX: BDE), Bravo! Foods International Corp. (OTCBB: BRVOE),
Butler National Corp (NASDAQ: BUTL), Calypte Biomedical Corp (OTCBB: CYPT),
Chemtrak Inc/DE (OTC: CMTR), Clicknsettle Com Inc (OTCBB: CLIK), Corporate
Vision Inc (OTC: CVIA), Crown Laboratories Inc/DE (OTC: CLWB), Dental Medical
Diagnostic Systems Inc (OTC: DMDS), Detour Media Group Inc (OTC: DTRM),
Also, Digital Privacy Inc/DE (OTC: DGPV), Senior Services Inc (OTC: DISS),
International Inc (OTC: DYNX), Endovasc Ltd Inc (OTCBB: EVSC), Esynch Corp/CA
(OTCBB: ESYN), Focus Enhancements Inc (NASDAQ: FSCE), Frederick Brewing Co (OTC:
FRBW), Greystone Digital Technology Inc (OTC: GSTN), Havana Republic Inc/FL
(OTCBB: HVNR), Henley Healthcare Inc (OTC: HENL), Hollywood Media Corp (NASDAQ:
HOLL), Ibiz Technology Corp (OTCBB: IBZT), Diagnostic Systems Inc/FL (OTCBB:
IMDS), Imaging Technologies (OTCBB: IMTO), Integrated Surgical Systems Inc
(OTCBB: RDOC),
Also, Interferon Sciences Inc (OTC: IFSC), Interiors Inc (OTC: ITRNA), Laminaire
Corp (OTC: THMZ), Medisys Technologies Inc (OTC: SCEP), Milestone Scientific
Inc/NJ (AMEX: MS), Nevada Manhattan Group Inc (OTC: NVMH), Innovations Inc
(OTCBB: NTGE), Systems Group (OTC: OSYM), Pacific Systems Control Technology Inc
(OTCBB: PFSY), Professional Transportation Group Ltd Inc (OTC: TRUC), Rnethealth
Inc (OTC: RNTT),
Also, Sand Technology Inc (NASDAQ: SNDT), Sedona Corp (OTCBB: SDNA), Silverado
Foods Inc (OTC: SVFO), Stockgroup Information Systems (OTCBB: SWEB) Surgilight
Inc (OTC: SRGL), Tasty Fries Inc (OTCBB: TFRY), Tech Laboratories Inc (OTCBB:
TCHL), Teltran International Group Ltd (OTC: TLTG), Titan Motorcycle Co of
America Inc (OTC: TMOTQ), Trans Energy Inc (OTCBB: TSRG), Motorcycle Co (OTC:
UMCC), Universal Communication Systems Inc (OTCBB: UCSY), Medical Systems Inc
(OTC: UMSI), Vianet Technologies Inc (OTC: VNTK),Viragen Inc (AMEX: VRA),
Webcatalyst Inc (OTC: WBCL), Worldwide Wireless Networks Inc (OTCBB: WWWNQ), and
ZAP (OTCBB: ZAPZ).
NITE Got a Wells Notice
Ameritrade Holding Corp.: 22.1
Friedman, Billings, Ramsey Group Inc.: 19.6
LaBranche & Co.: 18.1
Knight Trading Group Inc.: 11.4
E*TRADE Group Inc.: 10.4
Bear Stearns Cos.: 9.1
A.B. Watley Group Inc.: 8.2
Neuberger Berman Inc.: 7.7
TradeStation Group Inc.: 7.2
Legg Mason Inc.: 6.8
JB Oxford Holdings Inc.: 6.2
Jefferies Group Inc.: 6
TD Waterhouse Group Inc.: 5.7
Ameritrade Holding Corp.: 22.1
Friedman, Billings, Ramsey Group Inc.: 19.6
LaBranche & Co.: 18.1
Knight Trading Group Inc.: 11.4
E*TRADE Group Inc.: 10.4
Bear Stearns Cos.: 9.1
A.B. Watley Group Inc.: 8.2
Neuberger Berman Inc.: 7.7
TradeStation Group Inc.: 7.2
Legg Mason Inc.: 6.8
JB Oxford Holdings Inc.: 6.2
Jefferies Group Inc.: 6
TD Waterhouse Group Inc.: 5.7
To the best of my knowledge, yes...dittos to the dittohead!
You are claiming to be both?
Go collect your bounty elsewhere Mr. Pants on Fire:
H-Quotient, Inc. (OTC Bulletin Board:HQNT) provided details on its year-end dividend. The year-end dividend of $.02 per share is in addition to the quarterly dividends. It is payable to stockholders of record as of March 15, 2004, and is payable on or before April 30, 2004.
To become a stockholder of record, investors typically must purchase the stock three business days prior to the record date or, in the alternative, one business day prior to the record date if they instruct their brokers to execute the trade on a "next day" basis.
The dividend will be paid in listed securities. Listed securities are stocks traded on the NASDAQ, New York Stock Exchange and American Stock Exchange. The specific security (securities) will be specified on the payment date.
The Company paid dividends of $.01 per share for the 2nd and 3rd Quarters of 2003 and declared a dividend of $.02 per share for the 4th Quarter of 2003 and an additional year-end dividend of $.02 per share.
Stockholders' shares held in margin accounts can be loaned to short sellers. In this event, dividends paid to you are taxed as ordinary income rather than at the 15 percent rate. This can be prevented by placing your shares in a "cash" account rather than a "margin" account or by holding your shares in certificate form.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
For more information visit the H-Quotient web site at www.hquotient.com.
CONTACT:H-Quotient, Inc. Ashley Bell, 703-752-0690 abell@hquotient.com
SOURCE: H-Quotient, Inc.
03/05/2004 09:43 EASTERN
© Business Wire 2003
The American Stock Exchange LLC ("Amex" or "Exchange") respectfully submits the following comments with respect to File No. S7-23-03 (Short Sales; Proposed Rule)1, in which the Securities and Exchange Commission (the "Commission") proposes new Regulation SHO - Regulation of Short Sales and certain other changes to the rules applicable to short sales under the Securities Exchange Act of 1934 (the "Exchange Act").
http://www.sec.gov/rules/proposed/s72303/amex022004.htm
Naked shorting takes place every day through Canada and ...
Friday, March 5, 2004...
Whisper Stocks
Market Digest Online
info@marketdigestonline.com
www.marketdigestonline.com
Market Digest Online, Inc.
JAG MEDIA HOLDINGS: (JGMHA) $1.39 Up $.09 and traded on the OTC Bulletin Board….. MDO first recommended Jag Media Holdings on Wednesday, March 3, 2004 to Flash Alert subscribers when the stock was priced at $1.20 per share. The company provides financial and investment information. However, this recommendation centers around the illegal shorting of penny stocks that has been taking place for years. The average investor thinks it is not possible to short stocks priced under $5.00, but for the pros this is not the case. The illegal shorting of penny stocks takes place every day through Canada and offshore accounts, but rules will soon go in force that will supposedly make it illegal to "naked short." Think about it folks.....penny stocks are generally very thinly traded. On the Bulletin Board, it's a given that 95% of those companies never make it and illegal shorting of Bulletin Board stocks has played a major role in most of these companies going out of business. The story of Jag Media Holdings is likely no different than hundreds of other penny stocks, but there's a huge difference. The management of Jag Media has taken it upon themselves to crucify those responsible for shorting their stock. The company has hired O'Quinn Laminack & Pirtle and is suing a host of major brokerage firms in connection with naked short selling of Jag Media's stock. This law firm has taken on big tobacco and is widely acknowledged as one of the most accomplished trial lawyer firms in the nation, holding some of the largest verdicts and settlements in the country. We plan to make this a two part story, as to fully understand this soap opra it will take much reading to familiarize yourself with the entire story.....and this story is truly like a soap opra. The only script that hasn't been written yet is the ending and many pros believe the ending will be a melt up in the price of Jag Media's stock. Today, we'll tell the story of a company by the name of Eagletech as published in Forbes and then we'll tell you about Mark Valentine, the former chairman of Canadian based Thomas Kernaghan. Valentine is currently in custody in south Florida and is set for trial later this month. Valentine is widely known as a person who has been solely responsible for putting hundreds of penny stock companies out of business through his illegal naked short selling. Finally, there are 40 million shares outstanding for Jag Media Holdings. Management believes there is in excess of 100 million shares short.
More than $54 billion is spent annually on prisons in the United States, much of it directed toward incarcerating people for non-violent drug offenses with little or no hope of access to rehabilitation services. In the November 2003 issue of Ideas for an Open Society, Susan Tucker and Eric Cadora argue that the nation's dependence on mass incarceration reflects an approach to imprisonment that actually sacrifices public safety. They contend that the appropriate strategy to address this situation is to reallocate funding throughout the U.S. criminal justice system toward education, housing, health care, and jobs—all priority areas that can directly influence crime rates.
http://www.soros.org/resources/articles_publications/publications/ideas_20040106
Let us see if you change your opinion on military supremacy when the US gets knocked off its pedestal when some foreign terrorist organization sets off a limited nuclear weapon in New York City or Los Angeles that was sold to them by the corrupt military personnel working for the US army and defense department. None dare call it treason until after its too late. Then it all becomes so obvious and how could this have happened and cry cry cry for more revenge that will never end as long as there are stupid humans. The best weapon of mass destruction is intelligent human beings who use their wisdom for the greatest good for the greatest possible number. Hows that for a beddy bye story? Sweet dreams, rest in peace!
Sure Due, whatever you say and write is the truth right?
Go back to sleep stupid Americans! Tomorrow the light will shine upon your ignorance in the international presses.
Yum Yum, who hum, where are the wizards when the dum are so dum?
Breath deep your own gathering doom, and watch your lights fade in every city, as recompense for all that dirt you made so pretty.
Ideas for an Open Society: Justice Reinvestment
To Invest in Public Safety by Reallocating Justice Dollars to Refinance Education, Housing, Healthcare, and Jobs
November 2003
OSI
More than $54 billion is spent annually on prisons in the United States, much of it directed toward incarcerating people for non-violent drug offenses with little or no hope of access to rehabilitation services. In the November 2003 issue of Ideas for an Open Society, Susan Tucker and Eric Cadora argue that the nation's dependence on mass incarceration reflects an approach to imprisonment that actually sacrifices public safety. They contend that the appropriate strategy to address this situation is to reallocate funding throughout the U.S. criminal justice system toward education, housing, health care, and jobs—all priority areas that can directly influence crime rates.
Ok, replace stupid with ignorant. Ignorant Americans. Someone should kick them in the ass and get them off their couches and out in the streets screaming at the banks they so idiotically put all their money into.
u·biq·ui·ty
Existence or apparent existence everywhere at the same time; omnipresence
Since the Open Society Institute’s U.S. Programs began in 1996, one of the foundation’s central efforts has been to improve the functioning of U.S. democracy and, in particular, to promote an understanding of the influence of money on U.S. politics and to explore solutions that reduce this influence. OSI’s long-term goals have been to reduce the corrupting influence of very large donors to political parties and candidates, to increase public trust and participation, and to open the system so that candidates without access to financial resources can be heard by voters.
The Open Society Institute is a free-standing private foundation whose grantmaking is a matter of public record. George Soros and Soros family philanthropies have provided its funding, and Mr. Soros chairs the board of the foundation, but all decisions about grants are made by a professional staff with significant expertise on these issues. Furthermore, these decisions are reviewed periodically by a board of trustees. There is not and has never been any relationship or coordination between the activities of the foundation and George Soros's personal investment decisions or political activities as a private citizen.
Along with several other foundations, OSI supports organizations that helped develop the case for reform through research, public education, collection of campaign finance data, and testing of reform options at both the state and federal level. These organizations pursued a wide range of reform options, including restrictions on large donations such as those enacted in the Bipartisan Campaign Reform Act of 2002; public financing of campaigns such as the program now in effect in Arizona; free television time for candidates; fuller disclosure of contributions; and improvements to the presidential campaign system to deal with the problems caused by some candidates' refusal to participate.
Among the organizations OSI has funded are Public Campaign, Common Cause Education Fund, Democracy 21, the Campaign Finance Institute, and the Brennan Center for Justice at New York University; a large number of state and regional organizations; and research groups such as the National Institute on Money in State Politics. Grants have also been awarded to academic researchers, constitutional scholarship, bipartisan roundtables, and other efforts.
In the specific case of the Bipartisan Campaign Finance Reform Act, OSI funded factual research to support the legal defense of the act against a constitutional challenge raised by Kentucky Sen. Mitch McConnell (R), the National Rifle Association, and others—a challenge that is currently pending before the Supreme Court.
The chairman of the Republican National Committee has made a specific allegation about OSI, charging that the legislation the foundation helped to defend had the consequence of giving advantage to large contributors, citing George Soros in particular. This is not a claim that the particular kind of contributions Mr. Soros is making are illegal under the campaign finance reform law. Indeed, the argument made by the legal challengers to the law such as Sen. McConnell is that the law restricts the free speech of individuals who wish to make so-called “soft money” contributions. In fact, the law has significantly limited the potential influence of very large contributors, as well as corporations and labor unions. Before the new law, such donors could, and did, contribute millions of dollars to Republican and Democratic committees in support of candidates for federal office. Before the new law, such donors could, and did, contribute to organizations that ran advertisements in the weeks before the election, naming candidates for federal office and criticizing or praising them.
Under the provisions of the Bipartisan Campaign Finance Reform Act, large contributions can no longer be made to these party committees or to fund ads that mention candidates in the heat of the election. Nor can large donors or the groups they fund coordinate in any way with candidates or political parties. This is intended to reduce the influence of large contributors by limiting their role to efforts that focus exclusively on issues or seek to maximize voter participation in the election.
Such efforts are not only constitutionally protected, but because they have no direct connection to candidates for office, reformers and scholars agree that they have less potential for corrupting influence on officeholders. Many also believe that such efforts are beneficial to the functioning of democracy—for example, they are targeted to educating voters and increasing voter turnout among disenfranchised or disaffected groups. Also, under legislation passed a year earlier, such contributions to “527 organizations” are now required to be fully disclosed, and some donors have admirably gone even further by disclosing contributions well before the law requires.
Contributions to organizations that will be mobilizing voters or calling attention to particular issues—whether those contributions come from liberal, conservative, libertarian or other donors—are not incompatible with OSI's unwavering focus on reform of the political process. To the extent that they help more citizens engage in the electoral process, or that they substitute serious discussions of issues for the personal attack ads that can no longer be funded in this way, such contributions may well be beneficial to democracy. And because they are not connected to candidates or parties, there is less potential for corruption.
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