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Not to far afield:
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Mark A. Watson, M.D., Ph.D.
Assistant Professor
Pathology and Immunology
Molecular Genetics Program
Quantitative Human and Statistical Genetics Program
Office Phone: 314-454-7919
Lab Phone: 314-454-8636
Other Phone:
FAX: 314-454-5525
Box: 8118
Lab Address: 2316 Kingshighway Building, Barnes-Jewish Hospital, North
Email: watsonm@wustl.edu
Website: http://pathbox.wustl.edu/~mgacore
Keywords: cancer; functional genomics; gene expression; pathogenesis; breast cancer
Short Research Description: Use of microarray technology and other 'whole-genome' approaches to molecularly classify human malignancies and to identify genetic pathways associated with tumor progression.
We are studying secretoglobins, a cluster of six homologous genes located on human chromosome 11q12, as they relate to human breast cancer. Each secretoglobin gene encodes a secreted polypeptide that forms a covalently linked, combinatorial multimer with other secretoglobins. Experimentally, these quaternary structures bind steroid-related ligands, modulate inflammatory processes, and affect the invasive behavior of tumor cells. The expression of one secretoglobin, which we have named mammaglobin, is generally restricted to the mammary epithelium and is elevated in almost 80 percent of human breast tumors. Cell culture and animal models are used to understand the functional role of mammaglobin and related secretoglobin proteins in breast cancer progression, while primary human tumors and high density oligonucleotide microarrays ('GeneChips') are utilized to elucidate the mechanisms controlling the tumor-specific expression patterns of these genes. In addition to providing new insights into breast development and tumorigenesis, we hope that results from these studies will identify a new therapeutic target for breast cancer.
In collaboration with other clinical and basic science investigators, we also use microarrays to monitor gene expression in other human tumors (brain, lung, pancreas, and breast). Using a technique called Laser Capture Microdissection, we are isolating subpopulations of cells from complex human tissues to address how patterns of gene expression differ between cells within a single tumor and between patients with histologically similar tumors. The long-term goal of these efforts is to use state-of-the-art technology to define and further characterize patterns of gene expression that may be applied to the rationale design of new cancer diagnostics and therapeutics.
Span PN, Waanders E, Manders P, et al. Mammaglobin is associated with low-grade, steroid receptor-positive breast tumors from postmenopausal patients, and has independent prognostic value for relapse-free survival time. J Clin Oncol 2004 22:691-698.
Ley TJ, Minx PJ, Walter MJ, et al. A pilot study of high-throughput, sequence-based mutational profiling of primary human acute myeloid leukemia cell genomes. Proc Natl Acad Sci USA 2003 100:14275-14280.
Gutmann DH, Hedrick NM, Li J, et al. Comparative gene expression profile analysis of neurofibromatosis 1-associated and sporadic pilocytic astrocytomas. Cancer Res 2002 62:2085-2091.
Luizzi V, Holtschlag V, Watson MA. Expression profiling of ductal carcinoma in situ by laser capture microdissection and high density oligonucleotide arrays. Am J Pathol 2001 158:278-284.
Fleming TP, Watson MA. Mammaglobin, a breast-specific gene, and its utility as a marker for breast cancer. Ann N Y Acad Sci 2000 923:78-89.
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Stakddek
New here and doing dilligence. While perusing the insider sales I noted brothers Chen. A google brought up "Aurora" and that appears to be a Chen connection to China. Since they have shares files to sell, are they "investors" or did they get paid in shares for services? I couldn't get beyond what I reported.
I have installed the web device, and liked the "pop-up" when needed. Surprised me once or twice. My price comparisons helped, but I found the search engine very weak for manual search. I imagine that capability can and will expand.
I've used price comparison shoppers for a number of years, even before google and buycom etc. They all had growing pains.
The merchants don't mind paying a commission to an "agent" for a sale but they usually don't like paying for a "hit" with no transaction. Not sure how the pay will come in. Imagine if you were a "new merchandiser" and had no track record to boast of. People hit on you for your "super good deal" but then buy for s little more at a known supplier with a good rep and customer track record. Worse, the customer gets them to match your low price! Now if I was that newbie merchant, I'd hate to be paying for "leads" that didn't have a sale as a result.
Okay guys, I am in for a few shares but don't know if I'll stay. On the surface it looks good, but I'm still drilling down.
Stakddek
Hi Retired. I think the phrasing might better have been: "DNAP has so many good opportunities for a spectacular news release. Let's hope a patent or some such blockbuster is announced before the shares must be sold."
Stakddek
Golly Gosh! Would it be possible to hope that after all the strident post by our two biggest nay sayers that perhaps they see a no vote as a way to insure the demise of DNAP? They sure are beating a dead horse by thier vocalizations. How many posts does it take to put all the nails in the coffin. I can see them happily lined up to drive a stake thru the heart and spread the wolfsbane liberally on all these message boards. Being a contrarian by nature I've had enough propaganda today to convince me that a no vote would be the wrong message to send to management. I'm now a firm abstain with a leaning toward yes.
It's just when I see how important it was for the those "F" posters to spend the day here and attempt to control the board.
I don't like the dilution but I still believe. I can fight on and I'll also have a reason to be in this community.
Stakddek
Voices heard on the "share consolidation": It is with deep regret that I find myself being forced to agree with the consolidation. There are a few reasons, but the paramount and most insurmountable to my eyes is my perception that management owns and or controls enough shares to make this a fait acompli.
Is it best for DNAP? Obvioudly yes, to fund the recent patent purchase and the research that must be performed.
1) Is there an alternative sufficient source of funding? Do we have a division or patent to sell???
NO!
2) Are we expecting future growth and payment for the products and services DNAP has, is and will produce? To get there, we have to pay more for the chance to grab the brass ring. WE have been on the merry-go round for years, and we just keep missing. Okay we got a bunch of silver rings, but that has just put us in position to play in the big leagues. An accomplishment in itself.
YES!
3) Is the company becoming more well known and better respected?
Well the mere fact that funding is being considered and the recent alliances, seems to answer this question with a resounding
YES!!!
4) Can DNAP go on without additional funding? Or will lack of capital cause the company to stagnate? No victory wine when the grape withers on the vine.
NO!
5) After standing on the dock for this long, am I going to dump my ticket for a loss, or am I willing to keep the loss on paper and take a longer to have the chance to suceed with this investment. It will definitely take longer to profit because of dillution. The goals are set high and now someone just lowered the field. Do you or I want to give up on DNAP and walk away? Or do we stay on in the belief that Doctor Frudakis has some small bit of genius that will reward us.
I don't give up!
6) Is the management team shafting the shareholders?
This is the most difficult to answer. I am still suspicious of DNAP's role in the Biofrontera activity. But in reading up on Biofrontera's "nervous bride" history, perhaps when I referred to using DNAP as a ringer to bolster a competing offer for Biofrontera, I might have spoken to harshly. But I'm still not satisfied with the answers I have and I'm in no position to get a more satisfactory answer.
Have to Wait and see
Are the stock options and payments due the management team payable in 1/15th value shares that we all have after the consolidation? Or are the payments to the management team to increase in value by a factor of 15 because they will be issued in sufficient quantity to nullify the effect of the consolidation for management and favored share participants?
The crux of this consolidation and "should we stay the course" boil down to can the management team be counted on to husband the "super shares" so as to treat the shareholders fairly? (In light of the changing conditions we all are aware of.) I believe Doctor Frudakis cares for his shareholders.
Lopez Gomez and Tamborini are movers and shakers and will drive the company on, but will they do it at the expense of the long term investor? I'm afraid the answer is Yes. I don't think that they give one whit about the personal side of some of the money they handle. They are goal oriented and will do what is best to achieve the goal. Perhaps they will look at it as rewarding the investors "eventualy", and ease any twinge of conscience that might result from considering that some people are invested here because we know someone, or we are those who could benefit from the science. Or worse that we invested with a social conscience because it was good for mankind.
And some of us who invested in memory of lost friends who succumbed to an illness because the treatment was de riguer but our friends didn't take to it. These are just our personal feelings that this management team has put aside to suceed. The feelings of early investors play no role on the path they see to sucess. Having feelings plays no role in business. Our loyalty to Doctor Frudakis will now only be rewarded by just how "miserly" they are with the "new" shares that are created by this consolidation. Will they remember that someone paid fifteen cents a share in 2003, and now has a share worth a little over a penny? That that share is to be reduced in value by the "consolidation" to 1/15 of it's current value? That the portion of the company that that share represents is being reduced simultaenously by keeping the other "new shares" undiminished? If you take the current share count and reduce the (guess?) 2/3 outstanding to 1/15 and then I think you must consider the 1/3 as representing a greater portion of the company per share sold. Maybe it comes out in the wash, but I feel it's a double whammy on us and until I'm shown differently, that's my understanding. I guess we won't know until we see who gets those shares. If it's a goal oriented environment I can consider it okay if mangement get's a bonus for achievement. But if it's a quick way to grab cash and bankrupt the company and create a way to send the assets over to a new stable that we have no interest in, well I guess I've had that happen on the penny markets before. I just don't think that is the way it is. I think we may all have to tighten our belts together. I hope management will have some respect and consideration for longer term shareholders, but I can't expect it from them. I hope for it, and I think it's possible, but I can't say I've seen it exhibited by our management in the past.
As gloomy as I am about this consolidation and the personal cost to my bank account, I still have that faith I always had in Doctor Frudakis. If he has faith in the managers, I will reluctantly join in his belief. It's not all the money that drives me here, and we all know those personal reasons can be quite compelling. I can see no other course of action for the company to consider for it's survival. While there is life there is hope.
As my family doctor said to me the other day, "Medicine isn't cheap." Voting against the consolidation is a fruitless endeavor. It has to be to survive. Abstaining from the vote on that item might send a message, but then who would care. The only other voting alternative is to sell out and take the loss. That is as strong a statement as you can make, but it could possibly destroy the company. The term phyrric victory comes to mind.
I've decided not to attend the shareholders meeting. I fear that even the good comraderie would fail to revive my flagging spirit. I wish you all a productive and informative meeting. Please bring back some gloombuster news. Please?
Stakddek
Okay. I got it! Frog is the name Frudakis, George uses to post here to keep us all from becoming irrationally exhuberant and thereby protects us all from causing an increase in the pps when DNAP releases news.
Either that, or he is someone else. Any nominees?
Stakddek
Chris: A sure cure?
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http://www.hollywoodjesus.com/media/Bambi.gif
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Stakddek
++++++++++++++ CNBC schedule +++++++++++
Today's Reports: Friday, May 13, 2005
A rundown of the biggest stories coming up today on CNBC. If you haven't already, sign up to get CNBC TV alerts on the stories most important to you.
Power Lunch 12:00 PM - 2:00 PM ET
12:00 pm Bush and the Realtors
President Bush addresses the National Association of Realtors today as the group backs away from a decision that attracted the attention of antitrust regulators.
1:00 pm The latest in the cancer battle
CNBC reports from the American Society of Clinical Oncology annual meeting, where companies are discussing their latest efforts to battle cancer. Also airs during Closing Bell, which begins at 3 p.m. ET.
Closing Bell 3:00 PM - 5:00 PM ET
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One never knows, do one?
Stakddek
Jever00: Good call. I checked Weather Channel!
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"Kansas City, which was struck by 60 to 70 mph winds tearing down tree limbs and power lines and flooding rains, is yet again in the target zone for more strong storms."
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Good call.
Stakddek
Illwill: The teasing posts and the banter on the board are fun. The fact that your guesses have been good ones, eg, reasonably timely, about the news releases by DNAP. You haven't revealed any content, and if you are aware of content before the release by the company, it would be foolish, if not criminal (possibly) to release that particular information to other parties.
Carrying on a private communication with any member of this community could be construed by some people as collussion to use insider information for personal gain. Perhaps any such communication, no matter how harmless, would be taken for something else.
Perhaps after you meet some people at the stockholders meeting, anb exchange of e-mail addresses would be appropriate. Until then and if you decide to post with individuals, please excercise caution in how how you characterize your congection!
Just as beauty is in the eye of the beholder, some people could misconstrue your playful missives as a dissemination of insider information. I want you to know that it is my impression that some parties on this or other boards have based trading decisions on your posts. They have not been playing on the content of the news you prognosticate, but just on the spectre that the company has good news to release. You've been very lucky with your guessing so far, but when people begin to take those broad general postings as gospel, wekk that's when trouble can begin.
Please take care, and continue to post wherever you desire, for all our enjoyment, as youv desire. I would suggest though that the Morse Code posting was a little to cryptic! Perhaps Naval signal flags? This is a VISUAL MEDIUM!
Stakddek
Illwill: Thanks for applying your gift of prophecy to our humble ears. Your prognostications have made the long bleek waits less onerous. So far you've got us all beat with your "Better to light a candle than to curse the darkness" attitude. Thanks for keeping our sometimes flagging spirits out of the quagmire.
Stakddek
Hi to GSPZ, Welcome. Bluejuggernaut, well put. Any consolidation that has been voiced by the Board of Directors is ipso-facto. The exact math is not available.
HOWEVER: If a 1 for 20 consolidation occurred at .0055 I think we can assume a post consolidation price of about .11 cents
Since that low we have experienced a few spurts and are now at about .015. Same consolidation and the share price is .30 cents.
Now if we even dare to consider the high of recent days of .03 cents, that would have been .60 cents.
In the past, we saw DNAP move from mid single digits up to midteens. If the pre consolidation price is at a dime, well you have a $2.00 stock.
Now I can't prophecy what will happen. A breaking story involving DNAP with some major news, an affilliation with a major pharma to design and implement a major study to reclaim a lost candidate, (hey we lost 8 years and 5 billion, think 5 million to possibly salvage our cure for ugliness is worth it?)!
Maybe it will be patents granted. Maybe news. The company has funding to develop the current blood candidate. It has the faith of a major medical center.Maybe there is more to come on this affiliation. There are many good things that can happen for DNAP. The management sees the keystone to this to be having addittional shares available to finance the work. The revalued shares available (and our reduced shares) will quickly fall in value if there is no substance behind them. If patents are not issued or refused-- If a biological "sport" becomes the subject of an investigation, if a gathered DNA sample is "profiled" and DNAP does perfect work, but, so sorry, the police unit gathering the "sample" goofed. They better be sure it's the right sample to send. Sloppy work by the evidence technicians could hurt DNAP.
There are products in the pipeline that are overdue for release. They involve cancer. Cancer is a fear word and a money word. We are so afraid of cancer that any product that leads to hope has great monetary value.
Fat America: We have led the good life most of us, and in so doing have clogged many arteries in our hearts and brains. Now some one recently suggested that an 80 dose was better than a ten dose. Well maybe at those dosage levels side effects will become more pronounced. How to tell if you are a potential victim of this superdose?
"Well you've been taking a 10 or 20, so you should be okay." "We'll see on your quarterly blood tests." "Oh by the way if you can't get up one morning call an ambulance, go to the hospital, and whatever you do, don't call a lawyer!".
I don't recall any studies linking "clogged" arteries to Alzheimers, but from my non medical standpoint I figure it's a root cause. Block off minor areas of the brain from nutrition and oxygen, well the brain compensates by redirecting storage activities etc. But when you punch enough holes in the storage matrix, well info starts getting lost. Neural pathways would heve to become very complex to allow access to information that used to be at "the tip of our tounge". Further damage and more rerouting, well thats my uninformed speculation. Lipitor to the rescue. Dose at 80. We may end up bedridden on dialysis but at least we'll remember who to send the checks too!
The reverse split, or consolidation is necessary for the survival of DNAP. If you believe in the company and the management, you just have to trust them to proceed for all our best interests.
If you have overdosed on the bashers, if you have lost faith in that management, you would best be advised to sell all your shares and apply the money to some endeavor you feel is more tolerable for it's risk.
I'll be here and in some cases, I will miss you. I really don't know what the patent office will do. We (DNAP) are so far outside the current tech that finding people suitable to review the technology, methodology, is perhaps the crux of the delays. We know there are "professors" who have degraded DNAP because thier way is best. Bet they hurried to comment. Nothing like the bad feeling you get from finding out your an expert in a dying field of expertiece!
Anyway, all friends new and old have a great weekend, evaluate between the feelings that are your's and the feelings that have been induced by years of the naysayers and opportunists, the vindictive and the patent liars. Monday is a new week and who knows what the near future will bring.
Happy Mothers Day! (don't forget!)
Stakddek
Somehow it seems to me that replying to a person who's every intent is evident in the name he's chosen to post under...
Well if you wish to give the favor of a reply to such an agenda, you are going to be bombarded with continual negative rhetoric that will highlight every flaw and every bad outcome that an imagination based in a negative agenda can create. If you reply to the nigtmare scenarios promulgated with any kind of "ilver lining" reply, or point out a any good development you are bombarded with a repetitious litany of deficencies that are designed to churn your stomach.
Apparently some posters are so intent on degrading the promise of DNAP and all the accomplishments and the hard work that has gained multiple affiliations and peer respect. That a poster would find it necessary to assume a name that in itself should be an affront to all the posters here is more than enough reason to ostracize that poster.
I have decided that a continual rehash of all the negative possibilities with no discussion of any favorable aspects by such a poster is not worth my effort to read.
I value the opinions of all posters here, and am willing to accept rational discussion about DNAP, warts and all. However I feel the continued barrage of absolute negativity from a moniker designed to deride the prime force and heart of DNAP is just not worth the bother to either read or reply to.
Stakddek
Hi Chris and Arch. Did anyone note a little deeper in what that "IR firm"! does includes (if I read the language right) arranging the licensing of technology. I read that as being in (make other people pay for using what you develop). They may be very deeply involved in what DNAP and our other commercial partners are about.
Stakddek
Hey Retro here's the list.
Let's discuss NSA and London Metropolitan Police!
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http://www.sema4usa.com/clients.htm
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Our Customers
Representative clients include:
Private Equity
Bank of America
Citibank
DMG Information
M/C Venture Partners
Ohio STRS
Paladin Capital Management, LLC
Wells Fargo
Legal
Eckert Seamans Cherin & Mellott, LLC
Katten Muchin Zavis Rosenman
Kirkpatrick & Lockhart
McDermott Will & Emery
Corporate & Government
ChartOne
Federal Reserve
London Metropolitan Police
NSA
Ordnance Survey
Research Agent
Sallie Mae
Travelers
Research
Beth Israel
DNAPrint
Forsyth
from ABC NY: more studies ---
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http://abclocal.go.com/wabc/news/health/wabc_ONCALL_050305_osteoporosis.html
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Important News For Women About Osteoporosis And Race
Osteoporosis And Race
By Dr. Jay Adlersberg
(New York-WABC, May 3, 2005) — Tonight Seven's On Call with important news for women about keeping your bones strong and healthy. Your race may determine your bone density. Dr. Jay Adlersberg is here with details.
For More On This Story:
American College of Physicians:
Osteoporosis
National Institutes Of Health:
Osteoporosis and African-American Women
Many older people, particularly women, are at risk of bone fractures because of osteoporosis, but studies show that there are racial differences.
Researchers are starting to look more into how race affects different health conditions. One heart drug designed for African Americans is now before the FDA, and today a study looks at the special differences in risk of fractures in African American women.
Women have about a 40 percent of having a painful and costly bone fracture sometime in their lives. Thinning bones, or osteoporisis, is the primary reason.
Although African American women are at a lower risk of osteoporosis and fractures, they still need bone mineral density tests. Seventy-nine year old Amy Brown had one.
Amy Brown, Osteoporosis Patient: "The test showed that my bones were weak."
Meaning she was at risk of fracture. But because Amy is African American, her risk of fracture is lower than that of a white woman with similar bone density.
Reseachers reporting in the Journal of the American Medical Association compared bone density and fracture rates in black and white women for six years.
Dr. Jane Cauley, University of Pittsburgh: "At every level of bone density, the rate of fracture was still 30 to 40 percent lower among African American women."
So for African American women, the bone density level alone cannot tell doctors when women might need to have intervention such as medication to protect them from fractures. The researchers say a black reference database is needed.
Dr. Jane Cauley: "The important thing is to identify the African American women who are at risk of fracture. So yes, their rate will be lower, but we still need to identify the African American women who are at risk and who may indeed benefit from prevention."
Researchers have a hypothesis that there's something else involved other than just the bone density. It could be how fast the bone is remodeled. Still, all women should remember risk factors for testing are similar and that should not be overlooked.
African American women who might get osteoporosis should be tested for bone density. While the risk of fractures is lower, the numbers are high in both black and white populations.
More Top Stories from Dr. Jay ++++
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Stakddek
An ethicist had her car sideswiped during a driveby shooting in a parking lot. She didn't want to tell the police where the lot was because it might limit the pool of possible suspects. She refused to allow paint matching because the kind of vehicle that might be found could be reflective on the social status of the offender. She put in a claim for the damage under no fault insurance and all our rates went up. The felon was caught later that year when he rammed a school bus carrying a church bingo group killing three occupants. The ethicist noted the story and applied for a grant to the study the linkage between gambling and death in psuedo religious organizations.
Reformed liberal = Victim of mugging or such.
PS: NRA funded grant to take heat off assault weapons debate!
Stakddek
Please feel free to post. I linked it to the source. I just thought it was worth our attention. Just try to keep the original link to the source in the post. My repost did that. Other than that I'm a non-entity in that matter.
Stakddek
Just wanted everyone to know I am not the person "Dennis Smith" referred to as the author in an earlier post. I have never owned stock in that company. (But if I wanted to I couldn't buy any anyway it seems!)
It would be nice, as a "poison pill" if DNAP would make it part of the company charter, that on an offer to purchase DNAP, all unissued shares in the company would be issued as "held in common" by all registerd shareholders as of the date of the buyout offer.
Has anyone been able to verify if the oft heralded but vaporous NBC show on naked shorting is to air next Sunday? Or are more brides getting cold feet??? Or perhaps a a special investigation on ride safety at MJ's Neverland Ranch.
I think if it's running, a few e-mails to those you know who have told you not to invest because it's fixed, or e-mails to those you know who have been burned would be called for. Maybe ratings on this show would convince other news departments to follow up? If you have a TIVO, or replay TV, be sure to record it so it scores in the ratings.
Who knows, maybe there will be a wardrobe malfunction and we'll get to see someone's shorts!
Stakddek
undelivered certificates -- interesting read.
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http://cmkxdiamond.proboards32.com/index.cgi?board=general&num=1114867823&action=display&....
+++++++++++ (A taste) +++++++++
Posts: 361
E-Trade Red Flag? A Certificate Dance:
« Thread started on: Apr 30th, 2005, 08:30am »
--------------------------------------------------------------------------------
A few days after Utah's Senator Bennett cited GLKC as a shorted poster child I made two modest purchases, one for 3500 shares through Ameritrade and the other for 3600 shares through Wells Fargo. I thought it might be interesting to prove a short position first hand by purchasing shares in a company that reportedly already had over 100% of it's shares sold (and "legally" documented). I was a little surprised that both buys filled within 10 minutes. Just after settlement date (three days later), I requested certificates from both brokers. The cert ordered through Ameritrade appeared in three weeks with an Ameritrade return address. The cert had a pasted on cusip number which prompted me to call the transfer agent to confirm authenticity. The TA checked his books, found my name in the proper place with the proper cert # and also shared the fact that the SEC had been in their office recently auditing the books re GLKC. As an aside, the young man I spoke with at the TA office (he was not the boss) was largely in the dark on the issue of failures to deliver so I directed him to a few salient web sites.
Getting the Wells Fargo cert however has become predictably (and almost amusingly) problematic. I found it interesting that Wells Fargo (at first) felt free to communicate in a forthright manner in their written responses to my emails. So, FWIW, following is a blow by blow account of the "GLKC Certificate Dance" with Wells Fargo and where the unfulfilled request stands as of now: that Wells Fargo would actually name E-Trade as the short broker/dealer is additional food for thought and a possible giant red flag, IMO.
----- Original Message -----
From: "Online Brokerage Customer Service" To: < Sent: Monday, April 18, 2005 1:56 PM
Subject: Re : Your Wells Fargo Inquiry (#7482-003312-9002\33129002)
>
> Dear Dennis Smith:
>
> Thank you for sending us your inquiry regarding a certificate for your
> Global Links position.
>
> We are researching your request and will contact you directly as soon as
> we have completed our investigation. Please allow us five business days to
> complete our research.
>
> Meanwhile, if you have any questions, or would like additional assistance
> with your account, please do not hesitate to call us anytime at
> 1-800-TRADERS (1-800-872-3377).
Sincerely,
>
> Wells Fargo Investments
***********************************************************************
It's been five days. What kind of "investigation" are you doing? It seems to me a rather simple
request.
What's up?
Dennis Smith
************************************************************************
> Dear Dennis Smith:
„« > Thank you for your patience.
>
> Your position is now available to trade. We were awaiting full delivery
> of the shares from the transfer agent. Unfortunately, due to some unusual
> circumstances, this took longer than we expected. We regret any
> inconvenience this may have caused.
>
> If you have any questions, or would like additional assistance with your
> account, please do not hesitate to call us anytime at 1-800-TRADERS
> (1-800-872-3377).
>
> Thank you for your business and your continuing relationship with Wells
> Fargo Investments.
>
> Sincerely,
>
> Wells Fargo Investments
**********************************************************************
Dear Wells Fargo:
Could you please tell me what the above message means? What exactly are the
"unusual circumstances"?...I do indeed notice inexplicable (at least to me)
entries regarding GLKC under my "history" and would appreciate a clear
explanation. Also, what is meant by "your position is now available to
trade? My understanding is that "my position" has been available for trade
since settlement date and should have been continuing until the certificates
(that I requested weeks ago) were mailed. Have you now in fact received the
certificate(s)? Have they been mailed to me per my original request? If
not, when may I expect them?
Thank you in advance for your reply enlightening me regarding all the above.
Dennis Smith
**********************************************************************************8
Dear Dennis Smith:
We have re-requested the delivery of a certificate for your GLKC shares. However, we are still unable to ship a certificate for those shares at this time. Below is a brief explanation regarding this situation.
The broker/dealer from whom your shares were purchased is short 5,000,000 shares versus the street. A broker/dealer is allowed to sell shares which they do not own, which they will buy at a later date and deliver. Unfortunately, certificates cannot be issued on those shares until the shares are actually delivered to us.
We attempted to purchase shares into our house account from another broker/dealer in order to issue your certificate. However, the only broker/dealer offering shares of GLKC in the market is the one from whom we purchased the original shares.
The notations you are seeing in your account history are requests to issue your certificate when the shares are delivered to us from the other broker/dealer. Each day the request is being delayed pending the delivery of the shares to us.
While we are unable to issue a certificate for the position, you may trade the shares at any time.
If you have any questions, or would like additional assistance with your account, please do not hesitate to call us anytime at 1-800-TRADERS (1-800-872-3377).
Thank you for your business and your continuing relationship with Wells Fargo Investments.
Sincerely,
Wells Fargo Investments
Investment and Insurance Products:
Are NOT Insured by the FDIC or any other government agency - Are NOT deposits of or guaranteed by the Bank or any Bank affiliate - May Lose Value
******************************************************************************
Dear Wells Fargo:
Thank you for both the information and for the promptness of response.
I'm a little new to all this but am nonetheless concerned about a
broker/dealers apparent ability to "sell what they don't own" until a
"later" date. Exactly how later is "later"? Is not a 5,000,000 short
position cause for alarm? What happens if my shares are simply electronic
counterfeits which are never covered (I believe in that instance they are
called "naked shorts" or "failures to deliver") and for which no
certificates will ever be available? What would be your position? Who is
the subject "broker/dealer" from whom you acquired my "shares" and what is
that dealer telling you about his apparent failure to deliver? As I
understand it, a shareholder is entitled to physical certificates in every
event, assuming the buy was legitimate.
There seems to be something rather suspect going on here and I'm wondering
if WF (and by extension my wife and I) might be the victim of questionable
trade practices by your market maker.
I am growing quite concerned about all of the above. Thank you in advance
for your response addressing those concerns.
Dennis Smith
*************************************************************************************
> Dear Dennis Smith:
>
> Thank you for your inquiry.
>
> The other broker/dealer who is short shares of your security is E*Trade.
> Though this type of activity makes it difficult to issue physical
> certificates, it is legal and within regulations.
>
> There is no definite date by which E*Trade would have to purchase the
> shares. In many cases, a broker/dealer will sell shares they don't hold
> hoping that the price will fall. If it does fall, the broker/dealer will
> buy the shares at that time, and deliver those newly acquired shares,
> making a profit. If the stock price continues to rise, the broker/dealer
> will eventually buy the shares and deliver them to prevent any additional
> losses.
>
> According to our trading desk, E*Trade was the only broker/dealer offering
> shares of GLKC yesterday. This has been the case since you originally
> requested your certificate. Anybody who has purchased this security in
> that time period has likely purchased the shares from E*Trade.
>
> You are free to sell the shares anytime. When E*Trade acquires shares,
> they would be delivered to the current owner. However, a certificate
> cannot be issued until the shares are actually received.
>
> A vast majority of equity positions are held in street name. Very few
> physical certificates are produced at this time. Client positions are
> held electronically by brokerage firms.
>
> A physical certificate may be produced for most positions if the client
> wishes to hold the certificate personally. In most cases, physical
> certificates are discouraged. When shares are to be sold, the physical
> certificate needs to be verified and then deposited in your account, where
> it than then be sold. This frequently delays the sale. Shares held
> electronically can be sold at any time, without delay, during market
> hours.
>
> We apologize if this is confusing. Additional information is available at
> the New York Stock Exchange Web site (www.nyse.com), the Nasdaq Web site
> (www.nasdaq.com) the the US Securities and Exchange Commission
> (www.sec.gov).
>
> If you have any questions, or would like additional assistance with your
> account, please do not hesitate to call us anytime at 1-800-TRADERS
> (1-800-872-3377).
>
> Thank you for your business and your continuing relationship with Wells
> Fargo Investments.
>
> Sincerely,
>
> Wells Fargo Investments
>
> Investment and Insurance Products:
> Are NOT Insured by the FDIC or any other government agency - Are NOT
> deposits of or guaranteed by the Bank or any Bank affiliate - May Lose
> Value
*********************************************************************************
« Last Edit: Apr 30th, 2005, 11:55am by particleswaves » Logged
--------------------------------------------------------------------------------
particleswaves
Diamondologist
member is offline
Posts: 361
Re: E-Trade Red Flag? A Certificate Dance:
« Reply #1 on: Apr 30th, 2005, 08:31am »
--------------------------------------------------------------------------------
Dear Wells Fargo:
Thank you again for your prompt and informative response(s) to my concerns
re difficulty in obtaining certificates for GLKC. While I appreciate the
"education" this appears to be an extremely murky and suspect situation. I
am left with the uneasy feeling that my GLKC shares are no more than
electronic counterfeits if there are no company issued (or Transfer Agent
issued) certificates to back them up.
You stated there is no definite date by which E-Trade has to purchase the
"short" shares that they sold you and that in turn you sold me. How can this
be "legal"? What is to prevent them from continuing to sell what they don't
own while subsequently refusing to buy the shares back if there are no time
constraints? Does this not onerously dilute the value of the legitimate,
certificate backed shares if "short" or non-certificate backed shares are
allowed to trade along side the true "long" shares? Again, I'm rather new to
all this but it seems elementary that the more shares (legit or "short")
there are in the trading pool, the less each individual share is worth. In
your earlier correspondence you stated the broker/dealer (E-Trade) was some
5,000,000 shares "short" on GLKC which indicates they have been selling what
they don't own to a lot of people for a long time. The SEC appears
conflicted (and toothless) on this issue so where's the incentive to cover?
Collecting money for repeatedly (and blatantly) selling something you don't
own does not sound "legal" to me at all. How can this be?
You also indicated that physical certificates were "discouraged" in favor of
electronic entries to be held in "street name". Discouraged by whom? I would
imagine that the "discouragement" is coming from the very people who sell
short with no intention of covering and/or those who have apparently found
out how easy it is to counterfeit electronic shares through the DTC's stock
borrow program. My research on the DTC reveals that they (at lest so far)
refuse to open their books, even though I understand they are a private and
for profit entity. Please correct me if I am wrong.
My bottom line is this. I demand the physical GLKC certificate(s)
representing the shares I purchased. I do not intend to sell any time soon
and intend to sequester the certificate(s) alongside certain other stock
certificates that I retain for safe keeping and proof of ownership. I do not
accept what appear to be bogus "electronic entries", particularly in light
of what you have told me about E-Trade being egregiously short on this
particular stock (and who knows how many others). You say E-Trade refuses or
is unable to supply the certificate at this time but at some undetermined
point down the road when and if the price changes and when and if it is in
E-Trade's perceived advantage they perhaps may deign to cover their short(s)
and deliver the certificate (receipt) for what they "sold". That is simply
unacceptable. In any event, I did not buy from E-Trade; I bought from Wells
Fargo. Additionally, your disclaimer of any insurance or guarantee does
nothing to inspire confidence in the legitimacy of my purchase.
I dislike having to be "cheeky" or "in your face" about this, but I reject
the electronic entry and again demand physical proof of my purchase in
certificate form. It appears that both you and I are being taken for an
unwelcome ride; what say you?
Thank you in advance for your attention to this matter.
Dennis Smith
**************************************************************
Dear Dennis Smith:
Thank you for your inquiry.
We have received your request for physical certificates. As soon as we are able to order a physical certificate for you, we will do so.
To trade shares in physical certificate form through a brokerage account, the certificates must be delivered to the brokerage firm, verified and deposited. This frequently delays trading the shares by a number of days. In addition, physical certificates can be misplaced, and replacement can by a lengthy process and involve some replacement cost. Finally, if a merger or other corporate reorganization occurs, physical certificates may have to be delivered to the transfer agent, and a new certificate issued. Certificates often surface years after a company has merged, or had repeated reorganizations, and then must be researched and replaced. For these reasons, most brokerage firms discourage the production of physical certificates.
If you would like additional information regarding how trading occurs on the nasdaq and on stock exchanges, please visit the New York Stock Exchange Web site (www.nyse.com), the Nasdaq Web site (www.nasdaq.com) the the US Securities and Exchange Commission Web site (www.sec.gov).
We are unable to provide regulatory details via email.
If you have any questions, or would like additional assistance with your account, please do not hesitate to call us anytime at 1-800-TRADERS (1-800-872-3377).
Thank you for your business and your continuing relationship with Wells Fargo Investments.
Sincerely,
Wells Fargo Investments
Investment and Insurance Products:
Are NOT Insured by the FDIC or any other government agency - Are NOT deposits of or guaranteed by the Bank or any Bank affiliate - May Lose Value
******************************************************************************************
So, the above rather clipped message from WF was just received Fri after the close and as you will notice the tone and tenor has changed from “we’re trying to do something” to “screw you”.
Those who use E-Trade may find all this of particular interest; additionally it appears that E-Trade is one of the few broker/dealers still allowing CMKX buys (at five decimals). Not sure what conclusions (if any) can be drawn but one possible scenario may be that E-Trade will be the designated naked short patsy for all shorted stocks, take the hit for all their cohorts and simply declare BK. All the money the E-Trade principals have made from what may be illegal shorting activity could be safely stashed out of the country by now. I hasten to add I am not unequivocally stating this "scenario" as fact; the BK patsy idea is only a "possibility" surfacing in my own belabored thought process, a process that could be totally off-base and/or unduly paranoid. Or not. In any event all is in my opinion and in my experience only and offered simply as grist for the mill.
« Last Edit: Apr 30th, 2005, 11:57am by particleswaves » Logged
++++++++++++(4+ pages at link++++++
Stakddek
Scovillez: Re: reverse split. Opinion
As somewhat longterm holder of DNAP stock I can only report that the general consensus I've discovered in perusing the boards is the holders who have faith in the company seem to feel that it is going to have to be to reach our goals. The traders and some other hanger-ons who are here just for a trading vehicle will expound on how it gives the management a chance to destroy the company and savage the stockholders. ( Funny how the trader picture of management is what the traders are willing to accomplish for thier own gain.)
Anyway, my opinion is I don't like it, but I have decided that I will continue to keep faith with DNAP.
Perhaps in your reading the posts here and on Raging Bull you are failing yourself in the Due Dilligence Department. Remember that the information you uncover on a message board is flavored by many interpretations. Try to ignore the spin doctors on all sides and do a "just the facts". Reach your own conclusions about the risk reward in investing here. At the current time you have the benefit of equalling with pennies the positions of many longs who are down dollars.
Do youe own Due Dilligence and don't spend or depend on the altrustic nature of complete strangers.
Stakddek
Fuel Cell Conference: LINK
+++++++++++++++++++++
http://www.ceramicindustry.com/CDA/ArticleInformation/news/news_item/0,2714,149634,00.html
++++++++++++++++++++
INDUSTRY NEWS:
Fuel Cell 2005 Releases Final Conference Schedule
Posted on:04/25/2005
The final conference schedule for Fuel Cell 2005, to be held June 7-8 at the Hyatt Regency Minneapolis in Minneapolis, Minn., is now online. Featuring more than 25 sessions, this two-day conference will include topics on market adoption, proton exchange membrane (PEM) technology, a roadmap to automotive implementation and end user requirements. Keynote sessions will include "When Will the Fuel Cell Come to Fruition?" by Rich Romer, director of sales for Plug Power; and "Paving the Way to PEM Fuel Cell R&D Cost Reduction" by Agassy Manoukian, general manager of H2 ECOnomy, along with John Turner, principal scientist at the National Renewable Energy Laboratory (NREL). Featured presentations will include "From Baby Steps to Marathons: Rolling Out Fuel Cells in Backup Power Applications" by Gary Flood, CEO of ReliOn; "Evaluating the Market Potential of Residential Fuel Cell Applications" by William H. Steigelmann, P.E., senior consultant at Aspen Systems Corp.; and "Regulatory Requirements, Codes and Standards for Fuel Cells" by Jack Paterson, environmental lawyer, Office of John Paterson. This year's conference will also include a hands-on application pavilion that will demonstrate a range of products operating on fuel cells.
A PDF of the final schedule can be downloaded at:
http://www.fuelcell-magazine.com/images/FuelCellPDF1104.pdf
To register for the conference, visit:
http://www.fuelcell-magazine.com/fc_conf_registration.htm
-----------------------------------------------------------
++++++++++++++++++++
Stakddek
Okay Arch. I guess we still don't "get no respect". The Forbes story didn't mention DNAP by name. What do we have to do? Raise the share price and be listed on another exchange? Tie in with patents from a high profile institution? Lease a few test regimes to a big pharma? What's gotta' be gotta' be. The only drawback to all this is of course the takeover card. If someone can acquire enough stock, what protects us from a hostile buyout?
Okay I thought about this consolidation. I've put my trust in Doctor Frudakis for this long that I see no reason to change. I have some mixed feelings about the management team but then if they are wheeling dealing, I am along for the ride. I don't believe Doctor Frudakis would let them kill his dreams or ours. They managers may make money on any deal they construct, and we may just get crumbs, and I don't like that, but it's still progress. There is a very good chance that the crumbs that fall our way from the royal table may be quite nutricious.
Let it ride!
Stakddek
A consolidation? Well really a reverse split. Lets not mince words. If anyone is scared by this tactical move on DNAPs part, you have a month or so to make up your mind to stay or go. -Meanwhile, all the reasons in the filing for increasing the per share price stand. Right now many parties don't take us seriously. "A penny stock"? 'Nuff said.
Looking deeper at the filing you will note that personal loans were made by Doctor Frudakis and his father. These have been repayed in stock. from the filing, "all shares consolidated". Not just yours and mine. Everyones.
"High priced management": Often heard from DNAP bashers.
It looks like the management team got a good share of the same stock that will be reduced in number/increased in value as we do. Looking at the financial report of what they were paid, the high priced label is a misnomer. They got stock that has dropped in value from when they got it, (just like mine did.) They sure as heck weren't pulling down astronomical salaries and bleeding the cash from DNAP.
We've all puzzled over the pps and demand over the last few days. This filing wasn't the reason for the recent run-up. What was? Or is? Or will be? I think there is another announcement waiting in the wings and it will be a biggie.
My understanding of the LaJolla and future Dutchess agreements is that they are on demand of DNAP. If we don't need them, we don't use them. That is my understanding of the finance agreements. If the stock has increased in intrinsic value by the vote and date of the consolidation, the reverse split will be just a bookkeeping entry. Let's hope it's at least a dime by then.
A future DNAP will demand a higher share price on it's prospects. The patents haven't been issued as of yet and that could be the future news that going to justify the pps having moved north of subpenny.
Everyone wants revenues and ancestry and wittness haven't provided much yet. Well when you open the doors at the coffee shop for the first time, you don't have any repeat customers. Unless they get quick service and good coffee at a fair price, there won't be any regulat customers to produce a revenue stream. DNAP has had to "pour a lot of cups" on the house just to show how good they are. The repeat customers will be coming in because there is no other coffee shop like them in this world.
Institutional buyers and most brokers have no respect for penny stocks. As you are probably investing in penny stocks to be invested in DNAP you know this. In order to have a more stable investor base, DNAP has to not only be a promising company, but also has to have a share price that well garner those savvy investors who can't dip into pennyland for the plum.
Many new faces and old friends coming to visit. For some reason enough is curiosity. Possibly some smell a profit, and for some, it's time to redouble the bash. DNAP chart I'm told looks great, but being a pragmattist, I know the price and volume are indicating something is up besides a "consolidation" of all stock classes to cause such interest. I just have to hang on tight for this episode to play itself out. I'll maybe be a little richer, or maybe a little poorer, but I kow I'll be none the wiser!
Stakddek
Hello to new faces Geob & JusDe: Yes we are a long suffering lot here for the most part. Many of us have been in (and in some cases stayed in)DNAP through hard times and thin times. In fact we are all waiting for good times. On the whole we are not a clanish lot as you may see by your welcome. But we do get bored easily with posters who harp on and on about death spirals and dilution. We all believe from years of "hanging in there" that this is a real company with real prospects. We've seen tv exposure and magazine articles, newspaper coverage and fairly infrequent alerts from the company.
The recent volume increase has us puzzled as it is contrary to the course of things for the past few months. We have seen the result of the dilution from the La Jolla financing. They are forced to sell in excess of 5% of total stock. If they are playin fair, they have purchased stock and kept the doors open at DNAP. If they are cheating they have made a lot of money shorting on the spiral, But they've kept the doors open at DNAP.
New financing via additional shares sold may occur from the company or from a debenture. So it's been with DNAP for many years. BUT the doors are open and progress is being made.
You mentioned the management team joining to paddle. Many have voiced the opinion that this is dilutive shares. I would infer from the activities of the past years that they may have been reimbursed for DNAP business expenses for travel and doing company business. But not on a weekly basis! Sort of a personal loan against getting the show on the road. Possibly wishful thinking on my part, but none of the administrators came to DNAP "needing the job".
We look forward to input from both of you, and yes, we are a tad sensitive about knowitalls and shills, bashers and pumpers of all ilk. We've waited a long time for our faith in Doctor Frudakis and the promise of DNAP to be fullfilled.
The last PR was quite positive for DNAP, but 40 million shares and the price jump we've seen this week has us somewhat perplexed. Most here are not daytraders, and are longtermers with a conviction. To know more about us, you would have to start reading from posting #1. You'll see most of us have been here, with DNAP since the beginning. At any rate, welcome to the community and I'm sure we all hope your stay will be long and profitable.
Stakddek
For the chartist, a poster here called easymedicine had included many charts in his postings. Of course his point of view about the companies prospects differed from ours. He used those charts to make his prognostication of .001 or .0001. I don't understand charts, so I personally was just turned off to his constant bashing simply because of the quantity of less than informative postings. He posted quite a bit but is in Matts jail for now. I do not know if his charts are accessible, but the more recent ones with his analysis may still be here.
DNAPRINT GENOME (Frankfurt : WKN 940906/ISIN US23324Q1031)
++++++++++++++++++++++++++++++++++
DNAPRINT GENOME (Frankfurt : WKN 940906/ISIN US23324Q1031)
Letzter Kurs: 0,013 €
Kurszeit: 19:09
Veränderung: 0,005 (62,50%)
Letzt. Schlußk: 0,008
Eröffnungskurs: 0,008
Geldkurs: 0,01
Briefkurs: 0,013
Kursziel 1J: N/A
Tagesspanne: 0,008 - 0,013
52W Spanne: 0,005 - 0,04
Volumen: 350.000
Ø Volumen: 29.758
Mkt. Kap.: 13,08 Mio
KGV (ttm): N/A
GpA (ttm): 0,00
DpA: N/A ()
1T 5T 3M 6M 1J 2J
940906.F zum Portfolio hinzufügen Kursdaten downloaden
++++++++++++++++++++++
Stakddek
Hi retiredinvestor. That;s my take. As far as the program I remember the other little girl and her mother, the mother saw a white face because the mask was pulled down. Perhaps the show was infering white fronm this eyewittnes. They had saliva on that one, but who knows given the roasting the investigators team gave the police investigation, I wouldn't credit those investigators with acumen to utilize the samples properly. (DNAP).
As far as the action today, the RB board is full of names I don't recognize and they all seem to be pumping. Prelude to news? Or prelude to end of month selling by our financiers?
Awful lot of shares moving across the tables.
Stakddek
Thanks Extreme Sport. As per usual all the factions in academia sound off to protect thier own little piece of teh pie. It doesn;t matter much about your race or your geographical background when the reaction to the drug is based on your particular genes, where ever or who ever they are from. It's your reaction that can be broadly predicted by the tags, but it's your genes that have to be checked because of all the little things that make you, well you!
Of course the DNA witness program works to create a fuzzy picture of a broad nature based on observed data. The additional adjectives used to describe the result and the perceptions of the user about the data result are where the "racial" cards come into play.
This "battle" about race and ethnicity is a side issue that many people are going to harp on while failing to recognize the value of DNAP's work and research in personalised medicine.
My opinion and guess where I got my money!
Stakddek
So Rusty, if it's as it's thought to be, and we are a "more desirable" target for shorting (because we are not reported on the SHO list-), I hope the company realizes this. I hardly think the loss of investors money and company value is a best business practice that Mr. Hilal would pursue. Perhaps it's time to change the shares to registered to at least keep CTKH on the radar to alert all to the market manipulation that negates all the positive effort Mr. Hilal has expended. If you can't stop the naked shorting, at least to some degree the problem can be documented.
Stakddek
Shapiro letter re: dtcc: re:Short sales
++++++++++++++++
http://www.ncans.net/files/Response%20to%20DTCC%20Deputy%20Counsel%20Thompson%20-%20Robert%20Shapiro....
+++++++++++++++
Stakddek
joani_de: Had (Have) you seen the Shapiro Letter to DTCC?:
++++++++++++++++
http://www.ncans.net/files/Response%20to%20DTCC%20Deputy%20Counsel%20Thompson%20-%20Robert%20Shapiro...
+++++++++++++++
Stakddek
CTKH off the SHO list. Of course we know that was a mistake in the first place. Now that it's been corrected and we are off, it can be super shorted and we'll never be told of it by Nasdaq's SHO list.
Stakddek.
Checked my TIVO and the listing is for The Investigators 'Jonbenet A Closer Look" copyright 2005 and that's it for the listing. (I paraphrased it, but it's real short listing.) No other program info there. I did however put it on my record list. ("One never knows. Do one?".)
We've had bit's of media exposure before, and it' been beneficial to the pps, and for the advancent of the recognition factor for Witness and Ancestry. I believe I recall the DNAP plan is to license the test to accredited labs to perform the services. Remember the problems ORCH had a few years ago when the people taking samples 'caused a lot of grief for the company?
It appears to me that as time goes by the fault of the original investigation becomes obvious for its exclusivity in focusing to closely on a family link. I often wonder if "the Ransom Note" might have been fabricated in the hope of bringing Federal Authorities into the investigation.
Stakddek
Petite English would be out of character for GCBR. The fact that a poster who chose a non de plume to ridicule a major force in DNAP is telling. Perhaps the content provided and acclamation of the veracity of his champion is also suspect. Of course I could be mistaken in my views, and fearing for the longevity of this posting, I dare not speak further.
Stakddek
PS: better read all the old postings quick before they disappear!
NASDAQ DID IT AGAIN: SHO list contains CTKH. Now we know this is at least two errors.
1. The short position was because they used the regdex share count.
2. CTKH shouldn't be on the list anyway because it's not registered so it doesn't count as a real stock. Or something like that. (So you don't have to use real money to buy it???)
At any rate given all these continuing errors indicating a continued ambivalence about our financial well being maybe someone could call over there and straighten them out. They obviously don't pay much attention to the common folk. Maybe one of the traders around these parts can get them to clean up their act.
Stakddek
PS: As Orangeman pointed out in quoting Roundmots post from RB:
+++++++++++++++++++++
Posted by: Orangeman3
In reply to: brg88tx who wrote msg# 3093 Date:4/18/2005 10:01:38 AM
Post #of 3112
brgtx88 Forgot one more thing Forget about CTKH being on the SHO list means nothing as far as the PPS goes. Plenty of clueless investors who think that means so much. First of all CTKH is not even registered plus l will repost what round said finally one of his better posts. Here is another example LENF made the SHO list when the stock was $5.05 last week when it was removed from the list $3.15 and thats a BB company. The same people making a big deal about the SHO list and they see they are clueless are the same ones saying the SEC is not doing there job. Here is that repost
By: roundmot_2
18 Apr 2005, 01:39 AM EDT
Msg. 137323 of 137338
(This msg. is a reply to 137304 by end2war.)
Jump to msg. #
end2war - Actually I found out from the NASD that CTKH has been naked shorted but apparently only in the sense that the MMs have sold unauthorized shares to keep the market fluid. But even then, it appears that they were not using the 4.7 billion share O/S to calculate the percentage of naked shorts.
According to the NASD rep I spoke to, the company was included on the SHO list by mistake (the are not a registered company and therefore should not have been on the list, even if they were naked shorted more than .5% of the O/S). But I also found out that they did not calculate the naked shorting as .5% of the actual O/S of 4.7 billion, but rather .5% of the total shares included in the RegDEx filings. That means that even if there has been naked short trading of this stock, it is a total of only ten thousand shares or so, not hundreds of millions. Therefore, I suggest that it is a non-issue. JMHO of course.
+++++++++++++++++++++++++++++++++
In reading the RB post from roundmot_2:
"By: roundmot_2
18 Apr 2005, 01:39 AM EDT
Msg. 137323 of 137338
(This msg. is a reply to 137304 by end2war.)
Jump to msg. #
end2war - Actually I found out from the NASD that CTKH has been naked shorted but apparently only in the sense that the MMs have sold unauthorized shares to keep the market fluid. But even then, it appears that they were not using the 4.7 billion share O/S to calculate the percentage of naked shorts.
According to the NASD rep I spoke to, the company was included on the SHO list by mistake (the are not a registered company and therefore should not have been on the list,"
+++++++++++++++++
Translates to: Even if CTKH was quadruple shorted for 20 billion shares we wouldn't tell you.
+++++++++++++
"even if they were naked shorted more than .5% of the O/S). But I also found out that they did not calculate the naked shorting as .5% of the actual O/S of 4.7 billion, but rather .5% of the total shares included in the RegDEx filings."
+++++++++++++++
Nasdaq can't do it right. We're so dumb we have a sophisticated computer controlled system that gets messed up by some $200,00 a week clerk pumping in the wrong figures.
++++++++++++++++
"That means that even if there has been naked short trading of this stock, it is a total of only ten thousand shares or so, not hundreds of millions. Therefore, I suggest that it is a non-issue. JMHO of course."
+++++++++++++++++
Yup. And I guess all the other stocks on the SHO list have some error or that means they shouldn't be there. Of course that could mean that all the stocks NOT on the SHO list might be off it because of error. But I guess that is another non-issue.
This post is in no way a swat at roundmot_2. He made the effort to contact NASDAQ. HOWEVER, it sure is a SWAT at the sloppy practices and inconsistent policies of the NASDAQ people.
I have stock in DNAP and we showed up on the Daily List as having been removed from OTCBB and went Pink. OOPS Sorry. We got that wrong, see the little note in fine print at the very bottom of the page!
So if NASDAQ can make all these misteaks that we are aware of, how much trading is predicated on false and unreliable information on other stocks?
Essentially NASDAQ has resorted to disemminating information on message boards after someone calls them and questions the accuracy of what they publish. It would seem that NASDAQ needs a page for "CORRECTIONS" so that the false and misleading information they propagate can be reviewed and a determination made about how much credence what they report should be given in making investment decisions.
Stakddek
Hmmmmmm: Corrected Proof Upcoming Story:
+++++++++++++++++++
http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6T6W-4FWMW1C-1&_coverDate=04%2F07%...
++++++++++++++++++++
Stakddek
Relia-gene Get's Kudos - March story
++++++++++++++++++++
http://www.2theadvocate.com/stories/evergreen/sk/030904new_dnalab001.shtml
++++++++++++++++++++
DNA lab honored for work in serial-killer case
By JOE GYAN JR.
New Orleans bureau
NEW ORLEANS -- A private Jefferson Parish DNA testing lab that linked alleged south Louisiana serial-killer suspect Derrick Todd Lee to the killing of a West Baton Rouge Parish woman has received an award for "best application of technology."
ReliaGene Technologies Inc. in June linked Lee to the January 2002 slaying of Geralyn Barr DeSoto. ReliaGene analyzed DNA evidence under the fingernails of DeSoto and said the results of its testing linked Lee to the 21-year-old Addis woman's death.
The Louisiana Technology Council and Greater New Orleans Inc., the new name for the New Orleans Regional Chamber of Commerce and MetroVision, presented an "Eward" to Harahan-based ReliaGene last week.
The inaugural awards were created to showcase and recognize companies, organizations and individuals in the New Orleans region that made a positive impact in the technology field in 2003.
ReliaGene is accredited by the American Society of Crime Lab Directors/Laboratory Accreditation Board and certified by the National Forensic Science Technology Center, which examines crime labs around the country. The company said its work in the DeSoto case "no doubt contributed heavily" to the company's selection for a technology award.
Dr. Sudhir Sinha, who founded ReliaGene in 1990 and serves as its president and lab director, said the company is "extremely proud of this achievement." ReliaGene was known as GenTest Laboratories Inc. in 1990-97.
"It is a tremendous feeling to be recognized for our hard work and scientific contributions, but it is also encouraging that there is recognition of the importance of technology companies, especially biotech companies, in Louisiana's economic landscape," Sinha said.
"We hope this trend continues and that our success paves the way for other biotech firms to start up or relocate here," added Sinha, an adjunct professor of molecular biology and biochemistry at Tulane University.
ReliaGene has partnered with law enforcement agencies in 33 states and countries around the world on forensic work. The company's scientists specialize in detecting DNA profiles from challenging evidence specimens -- fingernail scrapings, for example -- that contain minute or low-level quantities of human DNA.
ReliaGene used a relatively new DNA test that focuses on the different DNA markers on the Y chromosome to link Lee to DeSoto's murder, Sinha said last year. The Y chromosome is the male chromosome. ReliaGene is a leader in the development of Y-chromosome STR testing, which identifies male-specific DNA, he said. STR stands for short tandem repeat.
Sinha said Y-STR testing can be extremely useful in forensic cases involving sexual assaults with single and multiple assailants, fingernail scrapings from a female victim with a male assailant and male-female bloodstain and saliva mixtures.
ReliaGene employs more than 60 people but projects a staff of more than 100 by the end of 2006. The company also performs private paternity testing worldwide.
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Stakddek
A Video Link to Fox News Story:
A Viox victim speaks about about injury, but he's a Michigan native and it is the only one of 49 states where he can't sue the drug company on an FDA approved drug. Don't worry though. Congress has a bill to correct this situation! They are going to restrict the right to sue nationwide on FDA approved drugs.
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http://www.foxnews.com/video2/set_cookie.html?033105/fr_goldblatt_033105&FOX_Report&Right%&a...
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Stakddek
OT: Hi Loch: No debate. Somewhere in the back of my mind is a vague recollection of a creation story (no offense implied by the word story) of a few peoples that had the belief that this creation was the second or third time round. This is counter of course to our Judaeo-Christian creation story in the main sense that it implies a supreme being who is fallible.
Many years ago I asked a person I had a great deal of respect for for his thoughts on Creation and all the scientific theory "Darwinism" and carbon dating contradicting Scripture. He didn't go into "Divine Will" and "God made it that way", he simply told me "God has one hell of a sense of humor."
Now I've run into a heck of a lot of hypocrits in my time, and quite a few where politicians and clergy of All casts. Some of the other vile specimens I've had the misfortune to deal with always seemed to find "true faith" right after they got caught. It's sort of soured me on organized religions and I've lost much respect for quite a few of my fellow man. Over the years I've always held true to doing what I felt was moral and right, and I find it allows me to sleep at night and not get a crick in my neck from looking over my shoulder. It tends to make me wary of just about everybody until I get to know them. We've all seen or heard enough examples of late about criminal, gross or inhuman behavior by our brothers on this earth over money race and even being from an inferior tribe.
So basically I'm a believer in a God, who I will allow must get a lot of laughs watching us mortals plow through the obstacles we create for each other. I figure if He thinks I did things right I'll be rewarded, (I know he's laughed a lot at me!) and if I messed up in His eyes, (not too badly) I hope He'll give me another chance to get it right after a little pennance. I figure I stand a chance somewhere between that rich guy and a real real real skinny camel. Meanwhile I treat people in this life the way I would like to be treated by them. Until they prove they are not worthy of respect.
Most of the hundreds of religions of the world are a mystery to me, but fortunately we still live in a country where we can choose to worship as we please. (Well excluding the Druids and the Mayans who had human sacrifice and the Indians who did above ground burials etc,). I always figured life would be easier for all of us if everyone lived up to the moral codes of thier religion, but I get worried when people start interpreting and embellishing on the ten commandments. Those are quite well written and easy to follow. Take "Thou shall not kill" Now go and burn a heretic! I never saw the original tablets and wouldn't be able to read Aramaic or Hebrew, but we sure have added a lot of subclauses to that one! Now I admit that if Fred comes at me with a stone axe and I have a stone axe handy, well Fred is in trouble. But I wouldn't be in the position of having to kill Fred if he followed that commandment. Okay overly simplified, but the concept is human addendums shouldn't be made to modify or change something we realize in our kharma or soul without seeing a written Commandment.
Gosh I'm long winded tonight. We can chew the fat a little further over any beverage of choice when we meet at a stockholder meeting or dinner and such.
Stakddek