Chasin' Paper...
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48s up would be great to clear this 1m block by CDEL
Did those 3 MMs on the ask just up their ask to 45 after CSTI showed up on the bid @ 43?
If you were to close a short position would you show on the bid or the ask?
I still can't trade this junk. Lovely.
1.2m on the ask UBSS stepping up with 1m block. Before it was CDEL with the big block
Interesting post I found on another board regarding yorkville. If this has been posted already I apologize
http://www.sec.gov/news/press/2012/2012-209.htm
SEC Charges Hedge Fund Adviser and Two Executives With Fraud in Continuing Probe of Suspicious Fund Performance
FOR IMMEDIATE RELEASE
2012-209
Washington, D.C., Oct. 17, 2012 – The Securities and Exchange Commission today charged a former $1 billion hedge fund advisory firm and two executives with scheming to overvalue assets under management and exaggerate the reported returns of hedge funds they managed in order to hide losses and increase the fees collected from investors.
The SEC alleges that New Jersey-based Yorkville Advisors LLC, founder and president Mark Angelo, and chief financial officer Edward Schinik enticed pension funds and other investors to invest in their hedge funds by falsely portraying Yorkville as a firm that managed a highly-collateralized investment portfolio and employed a robust valuation procedure. They misrepresented the safety and liquidity of the investments made by the hedge funds, and charged excessive fees to the funds based on the fraudulently inflated values of the investments.
Additional Materials
SEC Complaint
Some Other SEC Cases in the Aberrational Performance Inquiry
This is the seventh case arising from the SEC’s Aberrational Performance Inquiry, an initiative by the Enforcement Division’s Asset Management Unit that uses proprietary risk analytics to identify hedge funds with suspicious returns. Performance that is flagged as inconsistent with a fund’s investment strategy or other benchmarks forms a basis for further investigation and scrutiny.
“The analytics put Yorkville front and center on our radar screen,” said Bruce Karpati, Chief of the SEC Enforcement Division’s Asset Management Unit. “When we looked further we found lies to investors and the firm’s auditors as well as a scheme to inflate fees by grossly overvaluing fund assets. We will continue to pursue hedge fund managers whose success is based on fiction rather than fact.”
According to the SEC’s complaint filed in U.S. District Court for the Southern District of New York, Yorkville, Angelo, and Schinik defrauded investors in the YA Global Investments (U.S.) LP and YA Offshore Global Investments Ltd hedge funds.
The SEC alleges that Yorkville and the two executives:
Failed to adhere to Yorkville’s stated valuation policies.
Ignored negative information about certain investments by the funds.
Withheld adverse information about fund investments from Yorkville’s auditor, which enabled Yorkville to carry some of its largest investments at inflated values.
Misled investors about the liquidity of the funds, collateral underlying the investments, and Yorkville’s use of a third-party valuation firm.
The SEC alleges that by fraudulently making Yorkville’s funds more attractive to potential investors, Angelo and Schinik enticed more than $280 million in investments from pension funds and funds of funds. This enabled Yorkville to charge the funds at least $10 million in excess fees based on the inflated values of Yorkville’s assets under management.
The SEC’s complaint charges Yorkville with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5. Yorkville also is charged with violating Sections 206(1), (2) and (4) of the Investment Advisers Act of 1940 and Rule 206(4)-8. Angelo is charged with violating Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5, and Sections 206(1), (2) and (4) of the Advisers Act and Rule 206(4)-8. He also is charged with aiding and abetting Yorkville’s violations of the Exchange Act and Advisers Act. Schinik is charged with violating Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5, and with aiding and abetting Yorkville’s violations of the Exchange Act and Advisers Act.
The SEC’s Aberrational Performance Inquiry is a joint effort among staff in its Division of Enforcement, Office of Compliance, Inspections and Examinations, and Division of Risk, Strategy and Financial Innovation. The SEC’s investigation was conducted by Stephen B. Holden, Brian Fitzpatrick, and Kenneth Gottlieb with the support of Frank Milewski under the supervision of Valerie A. Szczepanik and Ken Joseph. The SEC’s litigation is being led by Todd Brody.
# # #
http://www.sec.gov/news/press/2012/2012-209.htm
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our ticker $PCFG getting bigger on the Ticker Buzz Cloud and also rising on the top boards, most read, and most posted board.
Matrix keep $PCFG in mind. Possibly a WEEEEEEEEEEEEE!!! IMO
$PCFG is worth a look
I tried cancelling the remainder of my partial order and it wasn't until I cancelled that it went through. Coincidentally I noticed on L2 the 1m plus on the ask disappeared! Weird. TA I tried the routing it through MNGD and it seemed to work better. Thanks will keep that in mind!
Its going through, just almost filled but I'll try that for my next order. Thanks.
PCFG
That wall should have been taken down already but they aren't filling orders ;)
No I tried ask slapping and not going through. My orders haven't been showing at all even being the top bid when I was on the bid side.
I'm being partially filled very slowly despite the shares being shown on L2
Orders are being filled slow here
Nice 80% day!! I wanted more cheapies but my money didn't hit the account yet :(
It's my opinion he reads or has mole read and pass along the information. I posted the error on his TT$P cut and paste job on the website and it was almost immediately fixed coincidentally after I pointed out the mistake of not changing the name of the company in the text copied/used
Thank you for sharing!
Please let us know if you hear anything back.
Thanks
For as big as MMTE is supposed to be and how valuable the land acquired by MMTE is, you have to wonder the need to be involved in several companies.
Just putting this out there for opinions and open discussion.
Looks like a new company listing WL as a director/officer was incorporated on May 23rd 2012 in Florida based in the same address NY as MMTE and TT*P.
New company
Spectre Worldwide Corp
Florida Department of State Division of Corporations
Filing indicates 5B shares authorized to be issued by Spectre Worldwide Corp
Filing PDF
Or maybe theres a lot involved with conducting business from Florida. Looks like a nice neighbourhood with a golf course across the way. Not sure who lives here but its an address listed for WL.
Nice house
I know its a virtual office but I found our address in NY for MMTE has a lot of people and companies including an interesting one called "Asian Fantasy" along with a long list of other companies.
Companies at 545 Eight Street
Has anyone been able to dig anything further up regarding the Madison Resources Group connection with MMTE?
I'll post if I'm able to post by and take look.
Hey Dii Dii no PM... Thank you
What specifically do you want to check out with the address. I might be heading up to Toronto at the end of next month.
What does anyone know about Mammoth's relationship with Madison Resources or thoughts in this? Mammoth is listed as a client.
http://www.madisonresourcesgroup.com/network/clients.html
Can't even come up with his own material for the company website. Is this even allowed? His other company web page TT*P did the same using copper mining company lol
Some might see this a small but really it kinda speaks a little to the company.
IMO
I've been holding this bag for 2 years so I'm certainly not bashing to gain anything here. In fact I can't even average down cause my broker won't allow me to trade MMTE now unless I wanna pay ridiculous fees. WL the bags are getting heavy.
http://www.barrick.com/default.aspx?SectionId=2a757ef8-7451-49c2-bc09-9cd045cce64e&LanguageId=1&Print=1
http://www.mammoth-energy.com/corporate-responsibility.php
Thanks for the welcome!
Hi JETS! GEM sent me here :) board marked and member marked.
$CCAJ looking to break a Penny. Products in Home Depot.
$RFMK 1 @ .0018
NEOM big news licencing agreement with Microsoft
NeoMedia Licenses Mobile Barcode Patents to Microsoft
NeoMedia grants Microsoft worldwide rights to license its patent portfolio
BOULDER, Colo., Aug 21, 2012 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (OTC BB: NEOM), pioneers in the mobile barcode industry, today announced that it has granted Microsoft a worldwide, non-exclusive, license to NeoMedia's patent portfolio.
NeoMedia's IP portfolio, consisting of over 74 patents awarded and pending worldwide, encompasses many mobile barcode implementations used widely across the industry.
"The agreement between NeoMedia and Microsoft underscores the importance of intellectual property to our growing industry," said Laura Marriott, Chief Executive Officer of NeoMedia. "As mobile barcodes become a key fixture in the mobile marketing mix, it is important for stakeholders across the industry to ensure the solutions they employ leverage the relevant intellectual property in a responsible manner."
"It is a very exciting time for the mobile IP industry as companies develop new technology for the always connected consumer," said Ragnar Olson, Partner, Global IP Law Group. "We appreciated the opportunity to have worked with NeoMedia to bring about this agreement."
About NeoMedia
NeoMedia Technologies, Inc. is the pioneer in 2D mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem world-wide. Its technology platform transforms mobile devices with cameras into barcode scanners, enabling a range of applications including mobile marketing, consumer oriented advertising and mobile ticketing and couponing.
NeoMedia's suite of products, services and extensive IP portfolio means it is the only provider able to offer customers a comprehensive end-to-end mobile barcode solution. NeoMedia's current customers include handset manufacturers, platform providers, brands and agencies.
Learn more at www.neom.com or visit us at one of the following online destinations:
LinkedIn: http://www.linkedin.com/company/neomedia-technologies Twitter: http://twitter.com/neomediainc Pinterest: http://www.pinterest.com/neomedia
About Global IP Law Group, LLC
NEOM huge news!
NeoMedia Licenses Mobile Barcode Patents to Microsoft
NeoMedia grants Microsoft worldwide rights to license its patent portfolio
BOULDER, Colo., Aug 21, 2012 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (OTC BB: NEOM), pioneers in the mobile barcode industry, today announced that it has granted Microsoft a worldwide, non-exclusive, license to NeoMedia's patent portfolio.
NeoMedia's IP portfolio, consisting of over 74 patents awarded and pending worldwide, encompasses many mobile barcode implementations used widely across the industry.
"The agreement between NeoMedia and Microsoft underscores the importance of intellectual property to our growing industry," said Laura Marriott, Chief Executive Officer of NeoMedia. "As mobile barcodes become a key fixture in the mobile marketing mix, it is important for stakeholders across the industry to ensure the solutions they employ leverage the relevant intellectual property in a responsible manner."
"It is a very exciting time for the mobile IP industry as companies develop new technology for the always connected consumer," said Ragnar Olson, Partner, Global IP Law Group. "We appreciated the opportunity to have worked with NeoMedia to bring about this agreement."
About NeoMedia
NeoMedia Technologies, Inc. is the pioneer in 2D mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem world-wide. Its technology platform transforms mobile devices with cameras into barcode scanners, enabling a range of applications including mobile marketing, consumer oriented advertising and mobile ticketing and couponing.
NeoMedia's suite of products, services and extensive IP portfolio means it is the only provider able to offer customers a comprehensive end-to-end mobile barcode solution. NeoMedia's current customers include handset manufacturers, platform providers, brands and agencies.
Learn more at www.neom.com or visit us at one of the following online destinations:
LinkedIn: http://www.linkedin.com/company/neomedia-technologies Twitter: http://twitter.com/neomediainc Pinterest: http://www.pinterest.com/neomedia
About Global IP Law Group, LLC
$CAVR $COBI looking fine for movement $SAGD hot like $GYST more insider filings today for GYST All IMO
$CAVR looking Good IMO. check out it out.
Follow the money by Following the Matrix!!!
Absolutely!!
Take a look at $CAVR Company reports net operating gain of $1.1M in first 6 months of 2012
Chart
Lets hope we don't need a lot :)
$COBI
Great day with $SAGD! Take a look at $CAVR Company reports Net Operating Gain of $1.1 Million in the first 6 months of 2012
CAVU Resources, Inc. Reports A Net Operating Gain Of $1,156,521 For The First Six Months Of 2012
A/S 600m
O/S 525m
Tradeable 391m
Chart
CFO interview posted on YouTube dated December 2011.
$COBI moving up on the breakout board #29
$COBI looking thin mover next week IMO