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The SEC has probably know about this since Feburary when all the shorters were on the attack. If they were to find something wouldn't they have already done something by now?
Call ASC they seem to like playing sheriff. Maybe they can put a cease trade on all shorters. Lol
I agree I wish my patients would cancel more so that I can spend more time on the computer. I don't day trade but I do like to research companies to see if I find one that I like but so far I can't find one.
Don Rodgers is real sad but true he replys to emails from the ASC.
If this were all true wouldn't the 2 investors who bought at $1.09 be seeking some sort of legal matter against them by now? Although it is all possible I am wondering would they have bought in if they believed this was a scheme? Just my thought.
They've been frozen since October 09 and the SEC has a hearing scheduled for Feburary 11 but they might settle next month, the companies have to pay a fine.
At this point if you have an opportunity to make money else where then go for it. I have a lot invested in tsho but that's because I am young enough that I have time to gain it back. I own another stock that has been frozen by the SEC for registered shares that were sold by companies too soon. I have money on the sidelines that I will wait to invest later I want to see which way the markets are headed in the short term first.
The SEC does worry me, but don't you think they would've gotten involved already? Since Febuary people have been talking about notifying the SEC and now it's been 6 months. I guess since Skymark is in Alberta and Skymark had somebody actually contact somebody that works at ASC they had to do something about it.
I don't know FLD so I can't really give an opinion.
I wrote to ASC and I guess they didn't like what I said. I read the filing again and it seems to me that an ASC worker was called by Skymark and that's how they got caught. Anyways here is what ASC wrote to me:
Thank you for contacting the Alberta Securities Commission (ASC).
Please use the link below to access the Notice of Hearing published on September 03, 2010 regarding the allegations made against the respondents, including both companies, Tradeshow Marketing and Pacific Blue Energy. I have copy and pasted the allegations made against these two companies below but you should take the time to carefully read the Notice of Hearing to better understand. You also should understand the order applies only to Alberta residents or accounts domiciled in Alberta but have no effect on anyone or accounts based outside the province of Alberta. The role of the ASC is to foster and protect the integrity of the Alberta capital markets and to protect Alberta investors. We are not destroying any company for any so called bureaucratic reasons but simply to protect Alberta investors from a possibly fraudulent stock trading scheme. You also should be aware the Cease Trade Order does not restrict the companies from carrying on their day to day business activities, it only prevents them from having their shares sold to Alberta investors or Alberta based accounts so again, we fail to see how the cease trade order is going to destroy the companies.
4. The Respondents Tradeshow and PBEC knew, or in the circumstances ought to have known, that the market for their shares was being manipulated by the other Respondents, and each authorized or acquiesced in the wrongful conduct of the other Respondents; and
5. The Respondents have each acted contrary to the public interest.
I think if you carefully read the Notice of Hearing you will begin to see the connections between Skymark Research and the two traded companies. The link is below for your convenience.
I would say with all the people out to destroy the company we could probably still see $1-$1.5 just my guess.
That would be good especially with rufus in the mix.
I am with you I own 140k shares of TSHO and my time frame was for atleast a few years but I wasn't counting on the rollercoaster ride. It's funny I e-mailed Cesari about their business with TSHO and my buddy at Shelton replied to me.
I don't understand why they are so determined to try and kill TSHO.
Thanks nevermind.
Investor can you PM me the info to the person handling the case so that I can write to them or call. Thanks
I just find it amazing how as soon as bad news is posted people get scared and sell, but when we get good news they are not as fast to buy. I think this company is 100 times better today than what it was a year ago. All the good things about the company outweigh the bad but yet people just react to the negative. I think people don't know the true meaning of investing, instead they are trading thinking it's the same as investing. Truly frustrating but I guess that's all part of investing.
Well i guess there are still people willing to buy this stock. This whole bureaucratic decision sucks. I think even without canadians trading this we can still have a move up with positive news. There is still a chance that they can get themselves cleared of the cease trade before march.
I think the next news we get will be the end of year financial report next week, hopefuly with positive numbers.
I agree with you. It has become frustrating reading post after post as if this company is dead.
It really shouldn't matter who is the moderator or the assisstants, Pirate what should matter is that the company is still functioning and moving forward.
At this point I don't care if he worked for them or not. If he did then he is one of the guys named. Now the company is still running and not being able to trade it in Alberta in my opinion doesn't matter since there is almost no volume everday.. I really dobt we are getting a lot of people trading this in canada. Now being a company in the US I hope the ASC can't really impose any real sanctions on de Beer. I just hope they release some news this week on how business is going. And I would really want to know who the investors that bought at $1.09 are.
Here is what Maone sent me back on June 10 when I stated that more and more he seemed to be connected with SM.
still here, pm me if you want a sticky changed. if there is something that should be stickied, i change it.
ibox updated everytime there is something new, e.g. g-spout, etc.
...i also assigned 5 other moderators, if you want to become one, msg me
read every post. still here, haven't sold a cent
That's what they wrote back to me.
I asked about what would happen if De'Beer was found guilty of wrong doing and what would happen with the company if he had to step down? I asked if they would have some one who would be ready to step in and take over or would it be the end of the road for the company?
Here is what Shelton replied when I asked about De'Beer being involved.
There is nothing in the issue at ASC stating the CEO is involved. Nor did he buy the company from them. Furthermore the company has plainly stated that it does not believe it should be included in this matter. Your assertions are not representative of the facts or of the actual complaint pertaining to Skymark's interaction with investors. Please review the actual statements in the ASC files and the company statements as it is important for shareholders to have the factual items involved in this rather than incorrect information.
DeBeer and Joe will probably get a fine which they can settle before march. Well aleast no monkey in Canada can short it. lol
Don't expect a call they sent me an email stating they would post it on their web page once a decision is made and to just keep checking.
I am sure this has been brought up to the SEC already back when this whole thing came out. Nothing had happened until someone found a small commission in canada to listen. Now I've been looking at other settlements for breaching the same sections of their act and nobody got jail time just retrictions from trading and fines of upto $160,000. Now I don't see this as the end of the world and trying to get a class action lawsuit against SM will be hard because they are in canada. Instead of crying why not just wait until they release their decision.
Sorry don't have anything, we just have to wait until 9:30 am and hope they don't extend the cease trade.
The hearings I was told are about an hour long, but could be extended. So hopefully tomorow we can get word on that and finally get it out of the way.
Here is what they sent me when I asked about the sanctions regarding any breach of the acts.
Thank you for contacting the Alberta Securities Commission. When the ASC receive a complaint, we assess the information to determine whether to investigate further. If the information provided does conclude that a breach of Alberta Securities laws has occurred then further enforcement actions and investigation will proceed.
During the course of investigation, if the ASC have reason to believe that the individual or company in question is committing ongoing breaches of Alberta securities laws, ASC staff may request that an ASC panel (made up of two or more members of the ASC) temporarily ban that person or company from participating in the capital market through issuing an Interim Cease Trade Order (ICTO).
When ASC are of the opinion that there has been a breach of Alberta securities laws, they can commence an administrative hearing. Once an administrative hearing has concluded, the ASC panel will then issue a decision document that outlines any sanctions imposed and rationale for its decision.
If you feel that a company or individual has breached the Alberta securities laws please place a complaint with us.
Regards,
Jessica
It's for the annual report which they had until August 30 to file, so they had to get an extention to file. The quarterly report is not due to be filed until next month.
If you look that company reported a loss of about 10 mil for the year with a lot of debt and it is trading at about .08 to .10 so if we can show we are making money then we can definitely go higher from here.
that stock has only gone up to .25 and now it's at .08
I think TSHO just breached section 93 of the act it says so at the bottom of the letter. And I was looking up similar settlements for breaching the act which I posted the links on the tsho board, and the people had to pay a small fine and could not trade for others for a few years in Alberta but they were still allowed to buy stocks for themselves, hope this helps.
http://cto-iov.csa-acvm.ca/ArticleFile.asp?Instance=101&ID=CB3BBB9054A44B5091F3F646CB44C791
here is the one that got the 2 years no trading in Alberta. The other link was for another settlement.
I got this off a settlement agreement for this person who breached more than what SM and TSHO did and this is all they got:
here's the link to the article.
http://cto-iov.csa-acvm.ca/ArticleFile.asp?Instance=101&ID=54941493ADDC4FDFA72C1044FEA8F419
Settlement and Undertaking
16. Based on these facts and admissions, Cochrane undertakes to the Executive
Director that:
a. He will cease trading in all securities for a period of 2 (two) years from the
date of this Agreement;
- 3 -
b. He will not make use of any exemptions contained in the Alberta securities
laws for a period of 2 (two) years from the date of this Agreement;
c. He agrees to pay to the Commission an amount of $10,000 to settle these
allegations;
d. He agrees to pay to the Commission an amount of $3,000 in partial
satisfaction of the costs of the investigation.
It doesn't matter, but why would he just run now after all that time?