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Sheer insanity. The paranoia level is climbing rapidly.
IMHO I am of the opinion that my borker was slowly making moves to liquidate my PCBM without telling me and others.
That's my guess too.
Time for an R/S! I would think they are about out of ink.
But it's gonna be practically impossible for retail investors to buy now. What WILL the True Longs DO? What will happen to AlanC's List?
Then which company is UBNI? The court ordered that Rosario stop using that ticker.
Odd. Quite confusing.
Is Urbani a public company?
Is Rosario still a public company?
Who has what ticker?
Then SGNW is the new ticker. John? Could you change the title of the thread to reflect that?
Unless the actual Urbani intends to go public, of course.
I see. Family fight. So it's really Rosario that this thread's about. When does he have to change the ticker? I take it he's already changed the name of the company.
Has everyone noticed that PCBM is now unpriced on the ask as well as the bid?
That means the ask has fallen below 0.0005. God only knows what you could sell it for.
I think Mr Lobster needs to do something, or he may find an enraged SBG on his doorstep one morning.
lol...
According to Hooch, the SEC lawsuit with PCBM will change the way our legal system deals with companies from here on out.
Hooch knows less than nothing about the way lawsuits work. This is a plain vanilla SEC enforcement action. They've probably left a settlement offer on the table, and PCBM and Mr Lobster can take it, or go to trial next year.
Really very simple.
It was Hooch who said that.
Now, I don't quite recall, who was it that stated unequivically that PCBM paid $20k to file. I believe that person even said they heard it from Vince?
lol, this gets better:
Life Energy and Technology Holdings Inc. ("Life Energy") has entered into a Letter of Intent (copy herewith) to supply two Biosphere Process(TM) Systems to the State of Abia, Nigeria.
Will that be paid for by mysterious funds that have to be carried outta Nigeria in a suitcase?
Huh?
I believe your friend 'scion' was claiming travels into Russia on another system, perhaps you should inquire of him.
If you don't care, why did you start this thread, and why do you post here?
Have you verified that information from the Kirov side? Bet that's not easy, lol.
I'll bet he does. Hasn't got much else to keep him happy these days.
I wonder if Vince reads those posts and just laughs and laughs?
This is also BS.
7 Why spend 20k to update the AS in Nevada...???
Back when it was first discovered that they'd raised the a/s, someone calculated the actual cost, and it was much lower.
He's never made any sense. All that stuff about how he "studied" SEC cases is rubbish. The story with this type of case is nearly always the same: the SEC brings suit and then offers a settlement. About half the time the defendants settle immediately. About half the time they don't, though they usually get round to it in the end. It can take up to several years, depending on when the trial is scheduled.
These cases rarely go to trial; AZNT was an exception.
As for PCBM, it's quite obvious that a settlement was offered and rejected. Contrary to what Hooch believes, nothing regarding discovery will appear on the docket unless a question arises that has to be ruled on by the judge.
But...what on earth does he mean by this?
#2 The FBI meeting with the SEC in regards to PCBM and then total silence in the matter.( I filed the complaint, I know :)) )
He strikes me as being yet another True Long who likes to pretend he knows things that others don't.
I wouldn't be surprised either.
He wouldn't.
How would LoCastro get out of being considered an indirect beneficial owner if for instance his shares are still around 16-18%?
But the SEC doesn't do much in the way of enforcing these filings. We had to nag them for months before they made the IFTA guys file.
Did the SEC guy tell you anything else? Such as how much stock is o/s?
Because he's the Lobster God.
I agree. I wonder if someone's putting on pressure...
It does appear as if he is writing the letter to cover his own butt though. The ones worth saving were the ones where he claimed he DID have inside info.
Priceless!! How very Nixonian:
PS: FIND SOME OTHER POSTER TO KICK=WE ARE DONE HERE POSTING=AND NOW MOVE AWAY FROM POSTING HERE FOR EVER=IT WAS FUN,SAD,ETC.
I wonder why he's leaving, if indeed he does. I'm sure there's a reason, and equally sure that it's not among the ones he offered.
If there's no news, that's almost certainly the case.
Hmmmmmmmmmm, maybe PCBM is buying them?
Dunno. Phoenixes and ibises are rather different.
lol, did you ask him what boiler room he worked for, and whether he was a registered rep?
I see the stock just did a 1:20 reverse split, and has a small float. For the moment. But I'll bet the o/s is rising by leaps and bounds.
And what on earth do they do? Raise ibises?
A hoot.
On that board for PRVH, a few days before the sanction on 12-15-00 this was posted, hilarious...
And now some idiot politician gets Fahman named "businessman of the year". Sheesh.
If you're getting interested in charting, check out candlesticks. Visually attractive, easy to understand, and the jargon is interesting and amusing.
Oh, and at least for short term trading, they're extremely accurate. Can be quite scary.
'm just catching on to that - watching charts.
Here we go:
SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 17305 / JANUARY 14, 2002
SECURITIES EXCHANGE COMMISSION V. MAX C. TANNER, ET AL., 02 CV 0306 (S.D.N.Y.) (WHP) (January 14, 2002)
SEC SUES NINE INDIVIDUALS, INCLUDING LAS VEGAS LAWYER AND TRADER AT UTAH MARKET-MAKING FIRM, IN $3.7 MILLION PUMP-AND-DUMP SCHEME
The Securities and Exchange Commission announced today that it filed a complaint in the federal District Court for the Southern District of New York against: Max C. Tanner, a Las Vegas attorney; Kevin Kirkpatrick, a trader at Olsen Payne & Co., a Utah-based market-making firm; Kevin J. Ruggiero and Michael Boston, both of whom were brokers associated with Baxter, Banks, & Smith ("BBS"), a now defunct broker-dealer; Alex Sheyfer and Alexander Zalmenenko, both of whom were unlicensed brokers also associated with BBS; and several stock promoters, including Dennis Evans, a resident of Las Vegas, Nevada, Mark A. Taylor, Sr., a resident of Tampa, Florida, and Kenneth Kurtz, a resident of Salt Lake City, Utah.
The Commission's Complaint alleges that from March 1998 through June 1999, the Defendants engaged in a pump and dump scheme involving the stock of Maid Aide, Inc. ("MDAN"), a shell company trading on the Over-the-Counter Bulletin Board ("OTC-BB"). The complaint alleges that as a result of this scheme, MDAN traded at artificially inflated prices ranging between $5.00 and $9.35 per share, allowing the Defendants to dump more than 475,000 MDAN shares into the market for proceeds of over $3.7 million. In addition, the complaint alleges the following:
Although MDAN purported to be a commercial and residential cleaning services company, it was actually nothing more than a publicly trading shell corporation controlled by Tanner and Evans. Tanner and Evans controlled at least 90% of MDAN's public float. In early 1998, Tanner entered into an agreement with Taylor, Kurtz, and Ruggiero that entitled Taylor, Kurtz, and Ruggiero to 125,000 MDAN shares each. Tanner, Taylor, Kurtz, and Ruggiero agreed to set up boiler rooms that would sell these shares to the public in exchange for undisclosed kickbacks paid from the sale proceeds.
On February 27, 1998, Tanner, Taylor, Kurtz, and Ruggiero issued a press release announcing that MDAN intended to merge with CFE Trucking Inc., a private company that was in the business of hauling gravel for use in building and road construction. Shortly after the press release was issued, two boiler rooms operating as BBS branch offices began cold calling investors to tout MDAN. Boston supervised one of the BBS boiler rooms, and Sheyfer and Zalmenenko supervised the other.
The cold callers working in the boiler rooms made numerous material misrepresentations to investors, including baseless predictions that MDAN's stock price would double in six months. The cold callers also routinely posed as Boston and Ruggiero in order to hide their identities and the fact that they were not licensed brokers. The cold callers failed to inform investors that they were being paid up to 70% of the proceeds from each MDAN stock sale that they solicited. Boston, Ruggiero, Sheyfer, and Zalmenenko were paid a portion of these kickbacks in exchange for supervising the boiler rooms.
To further the scheme, Kurtz and Ruggiero recruited Kirkpatrick, a trader at Olsen Payne & Co. Kurtz and Ruggiero guaranteed that Kirkpatrick would be allowed to profit on all of his MDAN trades if his firm made a market in MDAN's securities. Kirkpatrick agreed, and Olsen Payne & Co. acted as market maker for MDAN from March 1998 through June 1999. During this period, Kirkpatrick posted artificial price quotations concerning MDAN's stock on the OTC-BB and executed matched orders with other participants in the scheme in order to create artificial rises in MDAN's stock price and trading volume.
The Commission's complaint charges all of the defendants with violations of the antifraud provisions of the federal securities laws, specifically Section 17(a) of the Securities Act of 1933 ("Securities Act"), Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act"), and Rule 10b-5 thereunder. In addition, the complaint charges Tanner, Evans, Taylor, Ruggiero, and Boston with violations of Sections 5(a) and 5(c) of the Securities Act and Sheyfer and Zalmenenko with violations of Sections 5(a) and 5(c) of the Securities Act and Section 15(a) of the Exchange Act. The Commission seeks injunctions prohibiting future violations of the securities laws, disgorgement, and civil penalties. The Commission is also seeking an order barring Tanner and Evans from serving as an officer or director of any public company.
In addition to the Commission's civil action against Tanner, Evans, Ruggiero, Taylor, and Kurtz, these individuals were indicted on September 19, 2000 for their role in the MDAN scheme by the Department of Justice, Tax Division ("DOJ"). Tanner and Evans were found guilty in the criminal action on November 19, 2001. Ruggiero, Taylor, and Kurtz had previously entered guilty pleas in connection with the criminal action. The Commission acknowledges the assistance of the DOJ, the U.S. Attorney's Office for the Southern District of New York, the FBI, NASD Regulation, Inc., and the British Columbia Securities Commission in connection with this matter.
SEC Complaint in this matter.
http://www.sec.gov/litigation/litreleases/lr17305.htm
Me too. And "Allan F. Treffry" with him.
Well, slurp ain't quite right in the head, as we know. I think he genuinely believes he's covered his trail well enough that he can't be caught.
I rather doubt that's the case.
I didn't read the other documents from the Tanner litigation, but I will; I wonder whether Kirkpatrick was doing all this in collusion with company management.
Consider this as well:
U.S. Securities and Exchange Commission
Litigation Release No. LR-18218 / July 7, 2003
Commission Obtains Summary Judgment Against Kevin Kirkpatrick for Monetary Relief Sought in Connection with Manipulation Scheme
Securities and Exchange Commission v. Tanner, et al., 02-CIV-0306 (S.D.N.Y.)
The Securities and Exchange Commission ("Commission") announced that the Honorable William H. Pauley, United States District Judge for the Southern District of New York, entered Summary Judgment against Kevin Kirkpatrick ("Kirkpatrick") on July 2, 2003 in connection with a market manipulation scheme.
The Court found that, "from March through at least December 1998, Kirkpatrick and his co-defendants engaged in a scheme to manipulate the price of Maid Aide, Inc. ("MDAN") stock. This tripartite scheme involved the defendants, including Kirkpatrick: (1) gaining control of the market supply of MDAN stock; (2) creating an artificial public demand for the stock through a boiler room operation; and (3) creating an appearance of actual market activity and controlling trading of MDAN stock through Kirkpatrick . . . ." At the time of the scheme, Kirkpatrick was employed as a trader with Olsen Payne and Company, a Utah-based brokerage firm. The Court ordered Kirkpatrick to pay $92,000 in disgorgement, $33,173.81 in prejudgment interest, and a $75,000 civil penalty. By consent judgment dated January 23, 2003, the Court also permanently enjoined Kirkpatrick from future violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The Commission subsequently filed its Summary Judgment motion seeking monetary relief against Kirkpatrick.
See also: Litigation Releases 17305 (January 14, 2002), 17678 (August 13, 2002), and 17720 (September 11, 2002).
http://www.sec.gov/litigation/litreleases/lr18218.htm
By: newtopennies
07 Jul 2003, 05:38 PM EDT
Msg. 992339 of 992495
Jump to msg. #
According to Schwab... They have sent the Corbel certs out to three different transfer agents because no agent thus far has been able to figure out exactly how many certs there are and who they are supposed to go to. Jeff at Global has boxes of certs everywhere and is "behind". The representative I talked to said Jeff does not possess a list of individual stockholders, so the certs will go right back to the DTC. "Differential", I think was the term she used. She said they have tried to contact the company (PCBM) on numerous occasions, but they have never returned a phone call to help explain the Corbel cert objective. The aquisition of Corbel by 3E International NEVER HAPPENED. According to another rep., the company was denied a listing on the AMEX because when they looked at their books, it was discovered that they were shorting their own shares so their application was denied. Sorry.
http://ragingbull.lycos.com/mboard/boards.cgi?board=PCBM&read=992339
This is also interesting:
By: newtopennies
07 Jul 2003, 10:49 PM EDT
Msg. 992461 of 992476
(This msg. is a reply to 992425 by pontiyak.)
Jump to msg. #
YAK...I was told today by someone in Schwab Corporate Offices, that they had just spoken with Jeff, and that HE DOES NOT HAVE A LIST OF INDIVIDUAL SHAREHOLDERS TO MAIL ANY CERTS TO. That leads me to believe that you will not receive any Corbel certs anytime soon. Sorry. Don't shoot the messenger. They said they have added mine to their block of Corbel certs, finally. I have 200 shares from the dividend. They told me Jeff is buried in boxes and that he'll know more later, like next week. That's what he said last week. Corbel and 3E never merged. I have no idea what that does to the value of Corbel. PCBM management does not return Schwab rep's phone calls according to them. I am not making any of this up, as I have always been long like you. The cert pull story may be diversion for somebody, maybe to keep us busy with bovine scatology. I have no idea, really. em </I>
http://ragingbull.lycos.com/mboard/boards.cgi?board=PCBM&read=992461
A 14C is a proxy statement. Yes, it might be used in connection with a "restructuring", if that restructuring included a reverse split.
Good point.
Or maybe they tried to pay the USPTO with stock.
Interesting. Looks as if they didn't bother to complete the trademark application process.
lol, maybe they stiffed THEM, too.
Trademark: PINNACLE BUSINESS MANAGEMENT GROUP INC.
Status: ABANDONED
Someone told me that Slurp's "company" was called "Tyco". Not so far from "TCA".
Oh damn. Must be the heat.
Quite a transformation on Liz's part, eh?
Nice pal, btw.
lol, no help at all.
lol, I think I'll drop the SEC and FTC a note about the notorious Tommy Vu.
I'm guessing that the slurp's CSFM is about to spike. The question is, in which direction?