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Hmmm...didn't that e-mail address used to belong to some guy named Charlie or something?
Actually, it does cost quite a bit to put out a press release, if you want it to show up anywhere.
Business Wire, PRNewswire, etc., all charge quite a bit, and up front, to most pink sheet companies.
Did you send it to the general info address, or did you send it to the IR address?
Exactly. According to the last company he said he was merging with, things were never as far along as he claimed they were in the PRs.
Not necessarily. If Desmond's lawyers could prove reasonable doubt - that he did not know the LOI and the merger with Terra Fuels was not happening - a jury would likely spring him.
I'm not saying this is the case, but it would be a good way to do it.
Sending out PRs is expensive. Quite often, in the case of Pinks especially, companies are required to pay up front, or with a credit card for each individual press release. Why not save some money by having a conversation with a shareholder, letting that information get disseminated on the boards, which, if you ever do a google search of a company, the posts frequently come up.
Well, the AG would need to be able to prove intent, but I would think fraud would be the complaint.
He's also in Texas. The Texas Attorney General is one of those "tough on crime, loves the consumer rights" types, so a complaint to him, if one was so inclined, wouldn't be out of the norm.
Perhaps one with the NASD would work better?
For what its worth, I don't think this person has up to date information on some of this, and is acting on the old PRs regarding the now-defunct merger between eCarfly and CompleteAuto.
I think it'll be interesting to see how many companies care what kind of little icon pinksheets.com gives them in August.
I mean SEC reporting - which this company is not.
Lex, are you saying this because you're filled to the brim with the milk of human-kindness, or because you like to gloat?
So was mine. *sigh*
Dang...some of these posts I never get to even see, Mr. Itchytriggerfinger.
Are we assume he went to SEA in March because that's the date of the missed MN1 interview? If so, I wouldn't hinge everything on that date. The interview was slated to be a phoner, not in studio. He could have done it from Billy Bob's House of Humongous Hooters, and nobody'd ever know.
There are at least 1000 other pinks vying for that title.
Regardless of how long it takes to settle everything, until it is, no merger or acquisition could take place if it was based on the disputed product or process.
If this was a SEC regulated company, sure. But it's a pink, and anything is possible. I've seen far weirder happen.
What Sentinel means is that my life is far too boring, and would bring the board to a screeching, mind-numbing halt.
You really should scroll back further, pookie.
Wait...haven't people gotten read receipts in the past couple weeks?
Wouldn't that imply someone was having relative ease in getting his e-mail?
I have an MN1?
I'm not saying this is the case, but couldn't this scenario be plausible:
Perhaps SS and AC thought it was NSS because at the time they did not know about the issues surrounding Select?
It's clip art. Sorry.
You mean Steven Sung?
Good luck with that.
Ask Daddy. Daddy knows.
I did do a story a few months ago on buy-side trading, and while most firms only do mid to large cap companies, some do specialize in small and micros.
In buy-side trading - and this is the most simple explanation - large amounts of shares are bought and sold outside the exchange. Basically, say person A has 600,000 shares of Widgets Express he'd like to unload. Widgets Express is a pink, and a smaller float, so unloading that many could prove disastrous. So Person A contacts Buy Side Firm, who then puts out feelers for buyers of the shares. When Buy Side Firm finds buyers, it completes the transaction. None of the trade ever appears on any of your level II's, charts, etc. It simply doesn't show up, because it's not done in the open market.
How about:
Dear, Dear, Darling Alex. You stole my heart, and my business plan for biomass conversion technology to manufacture plastic and polymer raw materials and soon bio-fuels, from non-food-crop as main feedstock, and ran off to Southeast Asia.
The kids - Jenthico, Sentinel, and poor, poor Prado - miss you terribly. They miss their Uncle Steven Sung, too.
Please come home, mon cherie. We're desperate.
Oh, and that little neighbor kid, little Richie Hancock, keeps asking about you. I think you owe him for our newspaper subscription or something.
Where would you post an ad looking for Dr. Cavasin? LOL
Missed connections?
Isn't there a Thailand section on Craig's List?
LOL... I couldn't resist.
Maybe he knew when to hold 'em....and knew when to fold 'em...knew when to walk away...knew when to run.
I agree that the SEC has its issues - and sometimes when it does decide to act it does it in a backasswards way.
That's why I always tell people to file complaints with more than just the SEC. File them with your state attorney general. File them with the AG of the state the company's incorporated in. Try NASD, the FBI, and any other agency you can think of.
When you think of the fact that there are literally thousands of pinks out there, and maybe 300 of them are actually legit, it's really any wonder at all that the SEC is able to respond, considering the fact that they are also charged with overseeing so much more than pinks.
As I'm sure you're aware, the NASD was recently given the power to halt and suspend pinks and otccbb stocks. Perhaps the delegating of power will cause a little more action. It will also be interesting to see what the new distinctions that Pink Sheets will be affixing to companies will do, as well.
As I suspected, this is what I got from the Autorité des marchés financiers:
Ms Anderson
The Autorité des marchés financiers does not generally comment publicly as to the existence, status, or nature of an investigation being conducted unless the matter becomes one of public record. The purpose is to protect the integrity of investigations, to ensure the complaint process is not used
to affect the market and to provide fairness towards those who are the subject of investigations, but against whom proceedings may never be taken.
Regards
Frederic Alberro
-----Message d'origine-----
De : Bethany Anderson [mailto:bmandersontx@gmail.com]
Envoyé : 28 mai 2007 15:09
À : 'Alberro Frédéric'
Objet : RE: Alcar Chemicals
Yeah, what he said.
I have four letters for you: CSHD.
I have four words for you, too: Cyberkey and Jim Plant.
How many Steven Sungs can there be in Quebec?
http://slam.canoe.ca/Slam/Golf/Canadian/2006/05/20/1589839-sun.html
Birman probably paid for the initial report. Then they (Reuters) just add to it as new news comes out, without updating the rest.
That's my guess. I have no clue about the inner workings of Reuters analyst report updates.