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Pinksheets shows CKYS as: "Primary Venue: Other OTC" -- that's grey not pink.
Because there is no trading halts on OTC stocks like on exchanges. The SEC can issue a suspension though for up to 10 trading days. That's over.
Revocation applies to a stock's registration. Doesn't look like CKYS was ever registered under Section 12 of the Securities Act. So, that's not even a possibility here.
The SEC could pursue a permanent trading halt thru the court system, but at this point in time IMO they have nothing to support one.
Looks like that one also trades in the US under ticker CPNFF.PK. Its daily volume though is much better on the TSX.
Couple Canuck miner types have said junior miner stocks up there usually move like clock work. Good to buy in the Fall and sell in early Spring then repeat.
Sounds like these guys waited until the last minute. Then, the attorney simply became angry and withdrew. Why they chose Tuesday as the deadline is still a mystery.
CMKX's story is very complicated. It takes more than 1.5 hours to explain everything to an attorney who then has to digest it all, collect initial evidence, and write up an adequate complaint. Perhaps he initially accepted not realizing how complicated it was until he started digging in. By his comment, it appears he felt uncomfortable meeting "the client" one or two days before the supposed filing date.
Wouldn't be surprised if they're pulling another eRex here. If so, BA is not the brains.
They could do more. /eom/
This lawsuit was originally filed in Feb 2002 in Nevada District Court. In April 2005, the judge denied Big Apple's and Maguire's motion for dismissal, but granted their motion to transfer the case to Florida District Court. The two filed an appeal on the Nevada judge's ruling denying dismissal. While it proceeded thru the appeals court, the Florida judge issued an order staying the case and directed the clerk to administratively close it. Unless Big Apple or other defendants file another appeal, the plaintiffs can seek to reinstate this case to active status by filing a proper motion.
Stock in question was E Rex (EREX) which had its registration revoked in July 2005 and no longer trades. Copy of amended complaint can be found here: http://ratboyz.com/zup/erex.pdf
How did you all come up w/ Tuesday as the deadline?
Additionally, CyberKey will aggressively seek to gain access to all military exchanges for the associated services. Military exchanges serve active-duty military, National Guard members, reservists, retirees and their families who shop at the 12,000 the Army and Air Force Exchange Service or “AAFES” stores worldwide.
This is very misleading. Sure, AAFES operates over 12,000 facilities. Most of this total though are places which would never carry their products like movie theaters, fast food restaurants, military clothing stores, etc. I don't know the total number of exchanges, which is where they would be sold, but it's much smaller like maybe 700 or less. AAFES doesn't operate Navy, Marine Corps, or Coast Guard exchanges.
With discount retailers such as Target, WalMart, etc located near bases, exchanges in the states have had a very tough time keeping customers loyal. They've been trying to make up for lost sales at brick-in-mortar stores w/ online sales.
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The military consumer market consists of 30 million Americans, with $2 trillion in annual purchasing power that is presently underserved - they are web savvy, primarily a young demographic, actively seeking unique products and services, are brand loyal, action-oriented and recession resistant.
CyberKey is strategically targeting the military consumer market by working closely with and marketing via industry leaders such as Military Advantage. Military Advantage provides unprecedented access to the 30 million Americans with military affinity including Service members, Dependents, Veterans and those considering military service. They operate the largest military destination site www.military.com on the web that receives 7 million unique visitors per month.
Most of this 30M total are not active duty, NG, or reservists. They're civilians and view themselves as civilians. I bet the majority of military'com's visitors/month are not even from this group. Those who are probably read it on an infrequent basis.
The list is on the net. /eom/
Um, are you sure they're acting as a "stock broker?" It's illegal to broker securities w/o a license regardless of whether the client is a small retailer or an institution. So called "professionals" can indeed sue their butts as can the government if they're acting as unlicensed brokers as you claim.
The place is called Wahiawa not Yahiawa. If you want proof, just pull up a satellite shot of the street. You'll see a bunch of houses. Nearby, there's a school, commissary, etc. The white pages list Kevin and Orla at that address.
Helga, this software has already been developed by others and is available for sale RIGHT NOW. Besides, you can't fit a software engineer into a little mailbox.
That's funny. Terrell makes Plant look like a choirboy. Has he ungagged the TA yet??
Robtff is correct. FIPS 140-2 is for sensitive or unclassified systems. For systems processing classified info, NIAAP (aka NSTISSP) #11 applies. A DoD EMall listing is not an authority source. Try the CCEVS NIAP Validated Products List.
Moving past the standards, the claimed contract makes no sense to me. Homeland Security Department has 180,000 or so employees. These folks are located all around the US and in foreign countries. I don't think any large government entity would ever buy CKYS' type of products in bulk for units spread out across a huge geographic area. At best, they could award a common contract where employees would order from as needed.
Probably half of DHS' employees work in a classified environment. I can't see DHS giving each or most a flash drive. Rather than stealing a couple classified docs at a time, a person could take literally a small library.
NIAAP = National Information Assurance Acquisition Policy
NSTISSP = National Security Telecommunications and Information Systems Security Policy
Another bogus PR as confirmed by a Romanian government official directly involved w/ their country's Kyoto Protocol and UNFCCC Program.
If you aren't a paid pumper, then you gotta be "Helga" and gang. These are the only groups who would have access to detailed info as you claimed to possess because they're creating the fantasy stories. Anyone else, who checks out the PRs, will receive responses back saying the claimed relationships are not real.
No, I'm not making money here. I don't buy stock in packaged air. Go find some morals "Helga."
Article writers, news reporters, television stations, and the like don't normally do indepth background investigations on featured products or companiese. Many investors wrongly assume mere appearance in a publication must validate a company can't be a scam. The truth is these outfits only scratch the surface.
Um, verifying info is what experienced traders do. I haven't lost a cent here. It doesn't matter to me if you want to blindly believe PRs. The market eats up lazy guys like you gramps.
What I posted is true. Contact the professor yourself you'll see.
I don't have the time right now to read their filings. I quickly skimmed down a couple.
Just curious do you know why TXPO selected CC in the first place? Was the CEO unaware of their history? Haven't run across Kuekenhof before. Pulled up the charts on a couple companies that outfit is currently funding, and they looked okay.
Last PR is more packaged air. Prof Lackner confirmed he too has never heard of/from Helga or CO2 Tech.
Re TXPO: be very careful on that one. They're in bed w/ Cornell Capital. I've seen a number of companies w/ that financier have their stock creamed.
When the SB2 is declared effective, 30.96M shares are going to start hitting the float. It doesn't sound like a big number. For dilution, it's best to look at the percent change. In the last three months, the o/s on that one grew ~26% mostly from CD conversion.
If CC and Kuekenhof started shorting ahead of time, it may not drop too badly. If not, better hope for a pump campaign, or they dribble that stock out slowly.
Are you one of the paid pumpers? If so, please make proper compensation disclosure as required by federal law.
Why don't you contact some of the outfits mentioned in the PRs. Ask whether they have any relationship or even heard of these guys. Afterwards, we can compare notes on responses received.
Don't get too excited. Unsolicited pinkie isn't very much better than grey. The advantage of the former is MMs can display other customer orders. This helps when entering your own. On greys, all you have is time and sales. Buyers and sellers have to find each other w/ blindfolds on. This can lead at times to wide spreads and wild price swings.
NSS diehards here should love either one because MMs aren't allowed to naked short.
Pinksheets is not an exchange. It's a quotation system. Appears you're mixing up unsolicited pinkies w/ greys. They're different. Both are matched trades only. In the former, MMs can display unsolicited orders from real customers. In the latter, they cannot.
cyberkeyheist previously gave NMCX as an example of one which went from grey to unsolicited pinkie. USCA went from unsolicited to full pinkie. Homeland Security Technology went from grey to revoked then r/m into Amnis Energy (AMNI). They're trading as a full pinkie under HMSG.
All suspended stocks don't fall into and die in the greys. Many do. If you don't run into the exceptions, you can easily think they all do.
Re PM: Right, a conduit or like an ECN, but it doesn't work perfectly. The line-up of MM bids/asks represent unsolicited orders from real customers. When there's none, they close. MM's juggle a few stocks simultaneously. Sometimes they forget and start making a market when they shouldn't. After a suspension, the system lets them slide in closing out any long or short positions.
NSS diehards should embrace greys and unsolicited pinkies because naked shorting is not allowed. LOLOL
Normally, unsolicited pinkies show: "Primary Venue: Pink Sheets Quote Status: Unsolicited" like here:
http://www.pinksheets.com/quote/quote.jsp?symbol=PAIM If EQBM is one like the comment there says, I don't know why it's missing a quote status line.
Yes, unsolicited pinkies are matched trading only just like greys. They're a little better because MMs are allowed to display customer orders. So, you aren't trading totally in the blind. Awhile ago, Pinksheets decided to start hiding this info when the company didn't have current filings w/ them.
I'll write and ask why it's missing a status line.
I don't know. A new company would at least allow them to shed old baggage and start over again. If last year's financials are a mess, I bet the previous years are too.
DIGG trades on the greys not pinks. When you see "Primary Venue: Other OTC" here, that means greysheet. http://pinksheets.com/quote/quote.jsp?symbol=digg
There are examples of stocks which came back from suspension as unsolicited pinkies, but CKYS will return as grey.
I'm not surprised. lol If their predecessors weren't a show stopper, their own financials would be. They really need to hire a competent CPA. To shed all this old baggage, they'll probably need to set up a new company and sell this company's assets to the new one. Then, they can consider r/m'ing the new company into a clean public shell.
Okay. This was a bad shell to r/m in if these guys ever want to go BB or exchange one day. It'll be very tough digging up and getting an auditor to sign off on previous financials for these shady predecessors.
Yes, they have. Here's an example:
http://sec.gov/litigation/admin/3438260.txt
http://sec.gov/litigation/admin/3438345.txt
In the late 90's though, the SEC was sued and lost over this very issue. The court said Congress didn't give the SEC authority to extend suspensions. They can issue a new one but have to come up w/ a different reason. Since losing that lawsuit, I don't think they've done any back to back suspensions. There are a couple stocks (e.g. eConnect) where the SEC suspended a couple times but periods were widely spread out.
They probably didn't expect a suspension. I think it's kinda dumb to host select investors right now because they could be called as potential witnesses. Good attorneys normally tell their clients to keep quiet or let them screen everything until the bad event passes.
The company is free to issue a statement any time w/ any content. Their attorney though may have instructed the insiders to remain quiet. Wonder if he knows they're hosting investor visits.
Well, Cavalcade Sports and Thin Express appear to have the same Canuck players. It's hard to say if all the shady Canucks cleared out when Cyberkey r/m.
In Aug 2000, Cavalcade Sports Network r/m its Canuck company Cormax Business Solutions (same players) into White Cloud Exploration Inc which changed its name to the Cormax one. In Jan 2003, they acquired another Canuck outfit I.D.ology Laboratories and changed name to Sure Trace Security Corporatio (ticker: SSTY). The I.D.ology Lab guys are now over in IDGlobal Corp (ticker: IDGJ). Someone has been doing massive snail mail spamming on IDGJ. Check out the chart on that one. Spam isn't helping. Cormax also rubbed elbows w/ eConnect which ran afoul of the SEC.
There may be other publicly traded tentacles on this Canuck hydra. Question is are they still here hiding behind the scenes.
MI is "E." utbke #01-20936 /eom/
Agree, but making false accusations about other posters serves no purpose other than continuing the con game some folks play.
Here's something interesting. International Indigo, which was a predecessor company, had a pretty colorful history. It had no real business but claimed it was searching for sunken treasure in the Caribbean. The stock was pumped by a bunch of sleazy promoters who had been exiled by the Vancouver Stock Exchange.
http://209.85.165.104/search?q=cache:UCblBhB43QYJ:www.vanmag.com/0205/sailor.html+%22International+I...
http://www.siliconinvestor.com/readmsg.aspx?msgid=17550115
International Indigo Industries Inc (INGO) => International Indigo Industries Inc New (INGX) 20 Aug 1998 (1-100 R/S)
International Indigo Industries Inc (INGX) => Cavalcade Sports Network Inc (WSPN) 15 Jan 1999
Cavalcade Sports Network Inc (WSPN) => Cavalcade Sports Network Inc (CVLC) 13 Jan 2000 (delisted from BB)
Cavalcade Sports Network Inc (CVLC) => Thin Express Inc (TEXP) 8 Oct 2001
Thin Express Inc (TEXP) => Cyber Key Corporation 28 Feb 2003 (1-1000 R/S)
CyberKey Corporation (CYKC) => CyberKey Corporation (CYKC) 24 Sep 2004 (1-100 R/S)
CyberKey Corporation (CYKC) => CyberKey Solutions, Inc (CKYS) 24 Apr 2006