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janniebgood,"I do NOT have holdings in SLJB"
Posted by: InvestorOtter
In reply to: janniebgood who wrote msg# 248475
Date:2/16/2007 10:52:43 AM
The truth comes out!
Jannie says... "I am neither a liar nor did I EVER tell you I bought back in. I challenge you to show me that post."
Sure about that Jannie? I can see now that I will never believe a word you say. I am not very good and posting links to past posts but I will try. Below is your reply to me on 1/19/2007.
Posted by: janniebgood
In reply to: InvestorOtter who wrote msg# 245140 Date:1/19/2007 12:36:58 PM
Post #of 248482
I'd love nothing more than to see the price go up. I've bought more shares.
CEO Steve Sulja stated, "We remain committed to the goals that we have set for the company and continue to work tirelessly during this time. It is important that everyone know that we at SLJB believe strongly in the company and what we are trying to achieve."
janniebgood said, "I am NOT a shareholder of Sulja Bros."
As Steve Sulja once said..."true longs know our worth and will be rewarded with one of the greatest retrurns ever"...
janniebegood,Every shareowner is the "author" of whatever reasons they had to buy their shares.
Therefore, they should take full responsibility for whatever outcome they achieve and how they feel about it. The trap that people fall into is having "unreasonable expectations" mixed with an irresponsible attitude to start with. Rather than acting like an adult, they perfer to play the "blame game" so as to disavow any responsibility for their stupidity. That is the EGO at its best..
And furthermore, this company or any company doesn't owe squat to their shareholders. Least of all an explanation of what they are doing or why they do it. In general terms, NO shareholder buys his shares from the company. They buy them from a Broker, who buys them from a Market Maker, who buys them from some intermediary like an Investment Banker, who actually CREATES the shares on behalf of the company. The money is long-ago spent. I suppose shares gives the owner the "right to complain" but the company doesn't have to listen.
February 19 Presidents' Day Markets are closed!
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ST. PETERSBURG, FL -- (MARKET WIRE) -- 02/12/07 -- Hathaway Corporation (PINKSHEETS: HWYI), a leading global provider of communications, telecommunications software, and medical devices, announced today the company has finalized the Form 10 filing for OptiCon Systems, Inc. and wants to remind shareholders that the record date to receive dividend shares is next Monday, February 19, 2007.
Recent News and Press Releases:
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Feb. 15,2007 - PANAMERSA Corporation/PayPro Inc. Fourth Quarter Net Earnings Up 545 Percent Over Third Quarter
http://www.investorshub.com/boards/read_msg.asp?message_id=17102708
PANAMERSA CORPORATION Board Members:
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Mike Terrell - President, CEO
Hector Bolívar Alemán Estévez
Manuel A, Gonzalez-Purón
Pedro A. Borges Fiol, MBA
The Board of Directors of Pan America Sociedad Anonima (MMVII) PANAMERSA is as follows:
Director President: Pedro Borges Fiol
Director Assistant to President: Adrian Gonzalez Castro
Director Vice-President Executive: Rodney Adam Omanoff
D Vice-President Regional AMERICA I (Cuba & The Caribbean): Julia Ibarra Seas
D. Vice-President Regional AMERICA II (Canada, United States of North America & Mexico): Micheal Scott Terrell
D. Vice-President Regional AMERICA III (Guatemala, Belice, Honduras, El Salvador, Nicaragua, Costa Rica & Panama): Manuel Gonzalez-Puron
D. Vice-President Regional AMERICA IV (Venezuela, Brasil, Argentina, Bolivia, Uruguay, Paraguay, Chile, Peru, Ecuador, Colombia): Hector Bolivar Aleman Estevez
Director Secretary: Abel E. Camps Bello
Director Treasurer: Antonio Murillo Cambrione
Director Fiscal: Bernal Murillo Vargas
Otter, Is this a rumor or confirmed?
InvestorOtter, Claims Cement Deal Completed
Posted by: InvestorOtter
In reply to: MrGoodBuddy who wrote msg# 248171
Date:2/14/2007 1:28:14 PM
Post #248178
[excerpt]
Hey sandbath, the cement deal from what I understand is completed and as soon as the OSC is done pleasing the paid crew and all their empty complaints, the press releases and contracts will come out.
-------
SLJB Announces Internal Review of Prior Public Disclosure and Other Matters; Also Discusses Actions by Ontario Securities Commission and Inquiry by U.S. Securities and Exchange Commission
WINDSOR, ON, Jan 10, 2007 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies, Ltd. (Nevada) (PINKSHEETS: SLJB), today announced that, in consultation with outside counsel, it is undertaking a review of various issues relating to the issuance and trading of its common stock, as well as the accuracy of its prior public disclosures. Given the early stage of this review, the Company is unable to provide any further information regarding these matters, but cautions investors not to rely upon the press releases and other public statements previously issued by or on behalf of the Company.
The Ontario Securities Commission (OSC) has commenced an enforcement proceed against the Company, the Company's affiliate Sulja Bros. Building Supplies Ltd. (Ontario), the Company's former Chief Executive Officer Peter Vucicevich, Kore International Management Inc. (a company affiliated with Mr. Vucicevich) and Andrew DeVries (who was formerly associated with the Company). The OSC alleges, among other things, that Messrs. Vucicevich and DeVries engaged in manipulative trading in the Company's stock and that the Company made representations in certain press releases that were not true. A copy of the Statement of Allegations issued by the OSC can be found at http://www.osc.gov.on.ca/Enforcement/Proceedings/SOA/soa_20061227_suljabros.pdf On December 22, 2006, the OSC ordered the cessation of trading in the Company's securities for 15 days and, on January 8, 2007, that order was extended until March 23, 2007 The Company did not oppose the continuation of this order and is cooperating with the OSC, but cannot at this time comment on the substance of the OSC's allegations or on the impact of the OSC's order on the trading of the Company's common stock in the United States.
The U.S. Securities and Exchange Commission (SEC) has also informed the Company that the SEC is conducting an inquiry into the matters that are the subject of the OSC proceeding. The Company is cooperating with the SEC.
For the foreseeable future, the Company does not intend to respond to requests for information from shareholders or other interested parties except to refer them to this press release and any subsequent releases issued by the Company. The Company will provide any updates as to the matters referred to herein through broadly disseminated press releases, but cannot predict when it will make any such updates. Investors should not rely on any statements purporting to be by or on behalf of the Company other than those contained in this release or any future press releases issued by the Company.
-----------
SLJB Announces Success in the Middle East
WINDSOR, ON, Dec 11, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) -- An SLJB spokesperson today stated; "We are pleased to announce the successful completion of a cement deal in the Middle Eastern region. We have successfully brokered a deal totaling 25,200,000 tonnes over the span of three years. The buyers have agreed to take delivery of 8,400,000 tonnes per year commencing immediately once the buyer completes their banking documents. These documents should be finalized later this week."
SLJB's lawyer in Lebanon, Fasl Abu Zahr (Lawyer ID Number 9598), has registered all relevant commission agreements with the Seller, the Sellers banking institution, and Government bodies.
CEO Steve Sulja stated, "Sam Sulja has returned from the Middle East after visiting Jordan, Lebanon, and Dubai to finalize this deal. Sam along with other key members of SLJB have been working on this and other similar deals in the region for the past few months. It is nice to see this deal come to a successful final completion considering previous deals we were working on did not finalize." He continued; "Our commission agreement guarantees us $0.90 USD per tonne. Complete details of this deal will be made available to our shareholders once the Buyer's banking documents are released to us. At that time the terms of our mutual NCND agreement will be fulfilled by all parties involved and we will be in a legal position to release the names of all those involved."
CEO Steve Sulja also stated, "During the course of this week, we will be providing our shareholders with updates on this and any other deal that has been completed. We will also provide a detailed explanation of the SLJB corporate structure and other questions sent to us by our shareholders. We will be doing this through our press releases. We are committed to the success of SLJB and will work to regain our shareholders' confidence over the coming weeks."
whistles,the problem is that our friend is what is known as "the bagholder".
She is last in the chain and due to her pride & greed, did not do her due diligence. She did not know her markets and dove into a muddy lake headfirst. Unfortunately, her head hit the bottom of said lake and she broke her neck.
Based on what we know about her personality she most likely would now be the bagholder on double digit underwater properties.
There’s an old poker saying that I think applies here and I paraphrase: If you can’t spot the sucker at the table in the first 10 minutes, then YOU are the sucker.
janniebegood, speaking of your pending lawswuit
The procedure for filing a class action is to file suit with one or several named plaintiffs on behalf of a putative class. The putative class must consist of a group of individuals or business entities that have suffered a common wrong. Usually, these kinds of cases are connected to some standard action on the part of a business, or some particular product defect or policy that was applied to all potential class members in a uniform manner. After the summons and complaint is filed, the plaintiff usually has to bring a motion (sometimes at the same time as filing the summons and complaint) to have the class certified. In some jurisdictions class certification may require additional discovery in order to determine if the proposed class is sufficiently cohesive.
Upon the motion to certify the class, the defendants may object to whether the issues are appropriately handled as class litigation, to whether the named plaintiffs are sufficiently representative of the class, and to their relationship with the law firm or firms handling the case. The court will also examine the ability of the firm to prosecute the claim for the plaintiffs, and their resources for dealing with class actions; the court may, as due process requires, have complex notices sent, published, or broadcast to the public, in any place where the class members can be found.
As part of this notice procedure, there may have to be several notices, first a notice giving class members the opportunity to opt out of the class, i.e. if individuals wish to proceed with their own litigation they are entitled to do so, only to the extent that they give timely notice to the class counsel or the court that they are opting out. Second, if there is a settlement proposal, the court will usually direct the class counsel to send a settlement notice to all the members of the certified class and all the members of any subclasses (that might have slightly different but uniform claims), informing them of the settlement offer being made by the defendants, and the fact that the named plaintiffs have agreed to accept the settlement. Usually, the court will also state the legal fees being paid to the class counsel as part of the settlement, which may be considerable, making class actions appealing to many plaintiff law firms.
In federal civil procedure law, which has generally been accepted by most states (through adoption of rules paralleling the FRCP), the class action must have certain definite characteristics: (1) the class must be so large as to make individual suits impractical, (2) there must be legal or factual claims in common (3) the claims or defenses must be typical of the plaintiffs or defendants, and (4) the representative parties must adequately protect the interests of the class. In many cases, the party seeking certification must also show (5) that common issues between the class and the defendants will predominate the proceedings, as opposed to individual fact-specific conflicts between class members and the defendants and (6) that the class action, instead of individual litigation, is a superior vehicle for resolution of the disputes at hand.
janniebegood, is there anybody interested in your class action against SLJB?
IMO, any SLJB class action suit would depend upon some interest from SLJB shareholders. How many SLJB shareholders have said that they are interested in your class action suit besides yourself?
These are only some opinions of other SLJB posters not like yourself...
By: dragon52
17 Jan 2007, 11:03 AM EST
Msg. 11746 of 11962
janniebegood a bagholder? tell me it ain't so.....
class action suit against an unregistered security that has no paperwork trail to follow.... yup. real smart there jannie... told you to get out a long time ago... and now you cry foul? lmao
By: carmelbeach
16 Jan 2007, 10:46 PM EST
Msg. 11734 of 11962
CLASS ACTION LAWSUIT
is in preliminary stages of preparation
according to 'janniebgood' former IH Mod and paralegal.
What is a class action lawsuit?
A "class action" is a civil suit brought by one or more people on behalf of themselves and others who are similarly situated. In other words, the others are in a substantially similar circumstance where the common issues are the most critical to the lawsuit. For example, if a large number of consumers is injured as a result of an allegedly defective product, the principal issue will be whether the product caused the injury. Some examples of class actions are those brought against the manufacturers of allegedly defective or hazardous products, such as asbestos, certain vaccines, Agent Orange, tobacco, and breast implants. Only then will the question of how badly each party was injured be heard.
Class actions may also be brought on contracts. For example, all customers of America Online could claim damages when it went to its $19.95 per month rate - with inadequate capacity to handle the increased traffic.
Another frequent field for class actions is securities claims. For example, suppose a company issues an allegedly false press release and the stock goes from $10 to $15 but when the truth comes out the stock falls to $6 per share. A class action could be brought on behalf of all the stockholders who purchased shares after the company issued deceptive news and before the truth came out. Each member of the class allegedly suffered some harm as a result of the alleged wrong. The damages each member of the class will vary - someone who bought 1,000 shares at $15 each would be 10 times more impacted than a person who bought 100 shares at $15 – but the critical issue is whether the press release was deceptive, and that is common to all class members.
By: dragon52
17 Jan 2007, 11:03 AM EST
Msg. 11746 of 11962
janniebegood a bagholder? tell me it ain't so.....
class action suit against an unregistered security that has no paperwork trail to follow.... yup. real smart there jannie... told you to get out a long time ago... and now you cry foul? lmao
By: carmelbeach
16 Jan 2007, 10:46 PM EST
Msg. 11734 of 11962
CLASS ACTION LAWSUIT
is in preliminary stages of preparation
according to 'janniebgood' former IH Mod and paralegal.
Posted by: janniebgood
In reply to: InvestorOtter who wrote msg# 244203
Date:1/16/2007 2:05:40 PM
Post #244210
I wouldn't be so sure, if I were you...LOL Patience, little grasshopper, paperwork is forthcoming. Assets are being investigated as we speak and attorneys are onboard.
IMAGINE THAT!
"Janice Shell who appears to be a sleepless poster or robot bashing as hard as he/she can. If this isn't an act of clear manipulation, what is?"
Posted by: Airys418
Date:1/10/2007 6:33:43 AM
Post #of 248159
Good morning all! I was thinking about what happened yesterday and I have come to the conclusion that if the longs on this board don't fight together against people like Janice Shell and Jim Bishop, this will just be another victory to them. Look at their prior posts and past and you will see a clear agenda, not just with SLJB but with other stocks.
Look at the non stop posting of the same crap over and over again saying the same thing, especially by Janice Shell who appears to be a sleepless poster or robot bashing as hard as he/she can. If this isn't an act of clear manipulation, what is?
The OSC is investigating the company but in the meantime, these posters continue to bash to kill whatever rise or strength the stock has because it appears that they have a clear agenda to try and destroy this stock and keep it as low as possible.
Guys, enough is enough. We have to act now! Yesterday the affidavit for the hearing was posted on IHUB. The OSC did NOT approve this and I filed a complaint. I am not against the information being made public. I believe we have the right to see it from the OSC or Sulja. I am upset because the basher crew obviously had a connection which leaked out the document or allowed it to be misused before the OSC could release it on their web site to the public. Isn't that the OSC's job?
The OSC did NOT hand anything out for people to take home and review after the hearing and the affidavit was only given to lawyers and people connected with the investigation. Tom Anderson who swore on the affidavit and signed his name at the bottom told me that to his knowledge, nothing was handed out for the public to review or make public on the internet. Even IF it was given to a journalist, it should not have been posted as a scanned copy on the internet as it was. It's called common sense.
This is as clear as it can get that some here have an agenda to crush us no matter what the company says or does. Why are the notorious bashers given the information by someone and yet the company shareholders and others involved can't get it from the organiozation that is conducting the investigation? Does this seem fair to you?
When I get information from the company and I post it, I always tell you where I got it from. Who handed out the affidavit to these guys? That is a valid question. Why won't anybody answer me? I bet I know why.
This is wrong and I'm sure many here agree that this was an intent to hurt SLJB even further during an ongoing investigation. The documents released yesterday could land some in a heap of trouble.
If you are a long and you are upset at people like Janice Shell, Jim Bishop and others, NOW is the time to express your concerns to the OSC and the SEC. The more time you wait, the more fuel they are given to continue to hurt us. Let's fight together to bring people like this to justice for what they have done to us.
The OSC is doing what they have to with the company, we need to do what we have to with these posters.
Send your complaints to:
inquiries@osc.gov.on.ca
Attention: Kevin Collins and ask for everything to be sent CC to Tom Anderson.
If we don't fight now, don't complain when these guys continue to do what they have done for years. It's our turn now.
It's your money, defend it!
Airys418
S.E.C. Seeks to Curtail Investor Suits
"You guys are in deep when the OSC finds out how the info was leaked."
February 13, 2007
S.E.C. Seeks to Curtail Investor Suits
By STEPHEN LABATON
WASHINGTON, Feb. 12 — The Securities and Exchange Commission has begun to take steps on two fronts to protect corporations, executives and accounting firms from investor lawsuits that accuse them of fraud.
Last Friday, the commission filed a little-noticed brief in the Supreme Court urging the adoption of a legal standard that would make it harder for shareholders to prevail in fraud lawsuits against publicly traded companies and their executives.
At the same time, the agency’s chief accountant told a conference that it was considering ways to protect accounting firms from large damage awards in cases brought by investors and companies.
Critics said that the moves signaled a major retrenchment from the post-Enron changes and showed that a lobbying push by big companies, Wall Street firms and the accounting industry was gaining traction as they seek to roll back what they see as onerous regulation and excessive investor litigation.
But Christopher Cox, the chairman of the commission, said in an interview Monday that both efforts were in the best interests of investors because they aimed at preventing the accounting industry from further consolidation and at limiting what he called “fraudulent lawsuits,” including some he said were filed by “professional plaintiffs.”
Institutional investors and some analysts expressed alarm at the developments, noting that the number of shareholder lawsuits was declining significantly. “It is clear from these actions that this is a commission intent on reversing seven decades of rule making, by Democrats and Republicans, that have protected investors and opposed shielding auditors,” said Lynn E. Turner, a former chief accountant at the commission and the managing director of research at Glass Lewis, an adviser to large shareholders. “This administration and this agency are very pro-business and anti-investor.”
On Friday, the commission’s chief accountant, Conrad Hewitt, told a group of securities lawyers at a conference in Washington that because there only four large accounting firms remain, the agency had begun to consider how to limit the legal liability of those firms in suits brought by investors and companies.
Mr. Hewitt said that he had witnessed numerous meritless lawsuits against auditing firms when he was the managing partner of Ernst & Young and that the potential claims against some firms were now so large that they could lead to bankruptcy and force further consolidation in an industry that was already heavily concentrated, audience members recalled.
Mr. Hewitt also said that five European countries had already found ways to limit auditor liability and that the European Commission issued a policy paper advancing the view that the biggest firms should be given new legal protection against damage claims, audience members said.
Some countries have put a monetary cap on legal liability, while others have adopted limits based on the size of the client corporation or the fees generated by the company being audited.
Mr. Cox said the consolidation in the accounting industry had prompted both Congress and the commission to consider ways to “prevent the demise of another firm.”
“There is simply no safety net for investors,” he said. “We have no answers yet, but we are studying the question. It is in the interest of investors and issuers that there be healthy competition in the profession.”
The industry groups have been pushing Congress to adopt some of the changes, but so far have not garnered significant support, largely because of the political fears that the effort would be seen as an abandonment of some of the investor protections that were adopted after the collapse of Enron in 2001 and the huge accounting fraud scandal at WorldCom a year later.
Last November, a panel of business executives and legal experts coordinated by Hal S. Scott. Harvard Law School professor, proposed limits on shareholder lawsuits and caps on accountant liability. A committee sponsored by the United States Chamber of Commerce is completing work on similar proposals. The Big Four accounting firms have also embarked on a lobbying campaign to reduce their liability.
The groups have maintained that excessive shareholder litigation and burdensome new regulation are costing businesses too much and are prompting more companies to issue stock in overseas markets.
The Supreme Court case involves a securities fraud lawsuit by investors against Tellabs, a maker of equipment for fiber optic networks, for statements made from late 2000 to 2001 by senior executives. According to the complaint, Richard C. Notebaert, the company’s chief executive at the time, repeatedly made statements about earnings and sales of the company’s most important products that proved to be false. When the company corrected his initial statements, the company’s shares dropped to $15.87 (during the period it had been as high as $67.125).
The issue before the Supreme Court is the interpretation of a provision of the Private Securities Litigation Reform Act of 1995 that sets out what investors must contend in a fraud lawsuit to prevent the case from being dismissed. The law requires that investors state facts “giving rise to a strong inference that the defendant acted with the required state of mind.”
In reinstating the case, the United States Court of Appeals for the Seventh Circuit, in Chicago, interpreted the law to mean that the investors had to show whether the accusations, if true, would permit “a reasonable person” to infer that the company and the executives “acted with the required intent.”
The S.E.C. brief in the case, Tellabs Inc. v. Makor Issues and Rights Ltd., said that the appeals court set too low a threshold and that the law required investors to show by evidence “a high likelihood” that the defendant possessed the intent to violate the law.
The brief, which was also signed by the Justice Department, said judges ought to weigh any facts that provided for an innocent explanation of the conduct of the company and its executives. Jill E. Fisch, a securities and corporate law professor at Fordham University, said that the S.E.C. brief sought to set an exceedingly high standard for getting a case to a jury and that it was unusual although not unprecedented for the commission to side against investors in a fraud lawsuit at the Supreme Court.
“After reading the brief, one has to wonder if the S.E.C. is now on the side of the defense bar,” said Professor Fisch, who is a visiting professor this semester at the University of Pennsylvania School of Law. “This does not read like an S.E.C. brief since it does not articulate anything about the commission’s experience in the area. It reads, instead, like a litigant’s brief.”
Waiting for official announcement of merger with Aero Exhaust
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NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate web site, www.aeroexhaust.com.
Jannie knows EVERYTHING
It's called SELF-RIGHTEOUS! "notice her sickening sanctimonious smile seated on a high horse"...holier-than-thou
Definition:
Self-Right-eous...confident of one's own righteousness, esp. when smugly moralistic and intolerant of the opinions and behavior of others.
qtipjoe,"I will wait to see what rises from the ashes"
Why did you post "Let's just say that I have decided to file a class action law suit" after posting that "I will not try to destroy this company no matter what it takes?"
Posted by: qtipjoe
In reply to: 1millionfl who wrote msg# 247062
Date:2/3/2007 8:46:03 AM
Post #of 247548
I am afraid there are too many people who were panic sellers at the bottom that will try to destroy this company no matter what it takes. I am not one of them. I will wait to see what rises from the ashes. GLTA
A Friend is someone you can always count on when he needs you
SLJB -- Synergy Between Former CEO and New Team Is Formidable Against Criticisms
WINDSOR, ON -- (MARKET WIRE) -- 11/29/06 -- Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB) today is responding to recent events and shareholder concerns. What follows is a statement from the CEO of SLJB, Mr. Steve Sulja and the current management team now set in place to carry on with the vision of the corporation:
As previously set forth for public scrutiny, this company is currently forwarding all relevant documents and authorizations for streamlined distribution of pertinent public information to our accountants and attorneys, who will serve as the sole source of information deemed necessary and completely accurate for the public. The Officers and Directors of SLJB want to express their steadfast alliance with the vision and goals of its former CEO and vow to continue in the same light to achieve these objectives in the near future and in the long-run of our operations. Basically, SLJB is aimed still toward new levels of shareholder value and a presence on broader, more prominent exchanges, goals directly relayed from former CEO Petar Vucicevich and taken on as both solid business objectives and as support for the former company leader.
SLJB Management also re-stated that the current onslaught of negative press and its deleterious effects on every aspect of our day-to-day business and, we believe, the injurious downturn on our current share-price is nothing more than pointed sensationalism and an unprovoked tirade serving none but the names of those who would set them forth.
As ever, Petar Vucicevich has ensured the Company that he stands behind SLJB to lend support and guidance for the new team and the Company. His purpose is to promote a smooth transition for the newly inundated management team and to ensure the continued success of the Company, both publicly and internally.
The Company believes that in five short months, an operation has been built that anyone would be proud of, something for our children to know that our team helped to build, and no one here feels at all different, despite the poorly organized drivel of envious onlookers. These onlookers will become even more diffused as the public observes how stringently the Company adheres to upcoming stricter guidelines and compliance issues set forth on the Pink Sheets and larger exchanges in the near future. We will exceed the minimum requirements of these regulations.
In conclusion, the Company announced that it has secured a position at a globally renowned exposition, and to date they are in fact the only North American delegate attending: Project Lebanon 2007 will be held 2/27-3/3 2007 at the Beirut International Exhibition and Leisure Center. This expo represents a market that expects to exceed $3 billion over the next three years. SLJB has positioned itself to garner as much of that market share as is possible. The expo coincides with the Company's completion of all of the service requirements and licensing procedures to open an office in the country operating as SLJB and subsequent offices in the region that will also conduct business under the SLJB title, a move that will make transparent the true ownership and management of the Company's operations overseas.
This may contain forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
© 2007 SYS-CON Media Inc.
Posted by: Stock H.O.G.
In reply to: None
Date:1/25/2007 11:39:33 AM
Post #of 247401
I don't think anyone will go to jail for what's taken place here. Fines? Probably. SEC halt? I doubt it. OSC halt lifted in the future? Most likely. Undervalued pps? I think so.
I know this may seem overly optimistic to many here, but this is what I think. I guess we'll see what happens within a couple months.
Regardless of what happens, I wish everyone success with their current and future investments.
All of the above/below is in my opinion only. Please do not buy or sell based on what I have written.
Raw,Shock & Awe!
"I'm a swing (short term) trader"
There are those who lost from the "Shock" phase of the stock crash.
There will likewise be those who will profit from the "Awe" phase of the stock crash commencing after March 23rd imo.
The Fall of the SEC
by Mark Faulk
Mark this week down on your calendars. In fact, do it Jim Cramer style: take a sharpie and write in big black letters across the entire week “THIS IS THE BEGINNING OF THE END!”
After years of calls for stock market reform being ignored by the SEC, by Congress, by Wall Street, and by the media, the tide has finally begun to turn. After decades of the average investor being first lured into, then robbed blind in the stock market by Wall Street insiders, major brokerage firms, and hedge funds while our federal officials sat idly by and watched, or worse yet, participated in the splitting up of the loot, there is light at the end of what up until now has been a dark tunnel. A couple of major events this week signaled impending defeat for those who have conspired to rob our country blind in blatant disregard of the very values upon which America was founded.
The first event took place, as is often the case in the world of politics, behind closed doors. A Tuesday afternoon phone call from a person who has long been a behind-the-scenes advocate for returning honesty and integrity to our financial markets first gave me reason to feel renewed hope. This is someone who has been working quietly but tirelessly to help those of us who have been sounding the alarm for years, the same person who helped to set up a Senate Banking Committee hearing over two years ago, only to have it killed by then Banking Committee Chairman Sen. Richard Shelby (R-AL).
This is the gist of that phone call: Senator Bob Bennett (R-UT), one of the few members of Congress whose hands seem to be clean enough to speak out for America on this issue, has been educating the new Democratic Chairman of the Banking Committee, Sen. Chris Dodd (D-CT) on the issues of stock market fraud. According to Bennett, Dodd is “open to discussing the issue,” and to possibly reopening the hearing into the SEC in the Senate Banking Committee…or should I say open to conducting the hearings that were never allowed to take place in 2005. Meetings were set up to discuss the issue, and I forwarded a few relevant articles to give to Sen. Dodd in hopes of showing that even recent tepid efforts by the SEC to deal with fraud were nothing more than slaps on the wrists, fines generally amounting to a fraction of the damage done to companies and shareholders.
Along with the articles to back it up, I sent this short email at 3 in the morning after driving 350 miles from beautiful Lubbock, TX. on a business trip, back home to Middle America, USA:
Here are a couple of recent articles about hedge funds and naked short selling. The issue is finally beginning to receive some mainstream limited press, and the SEC is still essentially doing nothing to stop it. Hedge funds still aren't regulated, and the ones that are caught receive slaps on the wrist.
In recent months, in case after case, the SEC has negotiated fines that have a huge disconnect with the amount of money stolen and the damage done to companies and investors, and usually with the perpetrator "neither denying or admitting guilt." The fines are so small that they have become merely a cost of doing business.
Recently, Eagletech won a decision against the DTC to have an estimated 40,000 pages of documents concerning alleged trading violations released to the company's attorneys, although no charges have been filed yet.
Novastar has had some favorable recent rulings as well, but again, nothing major.
Also, a 21 year-old kid was arrested just last week who hacked into online accounts of investors and used their accounts....and their money....to manipulate the price of 17 penny stocks. One CEO, Hugo Cancio of Fuego Entertainment (FUGO.OB), was on my radio show last week, and described how his stock, which has only 9 million free-trading shares, was manipulated from over $1.40 a share to under .20 in a matter of weeks (the stock actually lost 90% of its value in three trading days), by this same 21 year-old. My main point on the show was that the SEC and the stock market regulators should take this as a sign that something is terribly wrong with the system. If a 21 year-old can do severe damage to 17 companies that easily, imagine what damage "the professional con artists" can, and are, doing.
This is beyond crisis stage, and I firmly believe that the destruction of our incubator companies by unregulated hedge funds, and the moving of massive amounts of our country's wealth offshore, has directly contributed to our country's recent downslide in our position as the world economic leader. Forget about outsourcing our jobs, we're outsourcing our wealth, and killing jobs even before they are created.
This is an issue that rests squarely with the SEC, DTC, and Wall Street, whose neglect and even collusion with hedge funds has resulted in record profits for brokers and obscene wealth for hedge fund managers....at the expense of our country's economic well-being. This is a house of cards, and it's teetering dangerously close to collapse.
Hope this helps....if I can do anything else, please feel free to call me. Thanks for all your help, without people like you, this would be a lost cause, and the damage to our economy would eventually become irreversible.
Did a single email dashed off at 3 in the morning, and the accompanying articles help shed a little light the problems we face as investors, and America faces as a nation in crisis? It’s hard to say, but I do know this: more than one senator has said that the only way to force action from Congress is to speak out, to let them know that America wants our broken system fixed. Or better yet, dismantled altogether and reassembled in a way that safeguards against fraud, instead of one filled with built-in loopholes
So here’s the plan: Every American who feels as if they have been wronged by a corrupt stock market, and indeed, every American who understands the financial drain on our country and the loss of jobs and productivity due to victimized companies, needs to raise their voices in unison. AMERICA NEEDS TO SPEAK OUT, AND SPEAK OUT NOW.
When Senator Chris Dodd returns to work next Monday, he needs to walk into an office that has been buried in emails and phone calls, all calling for one thing – a Senate Banking Committee investigation into fraud on Wall Street, and a thorough investigation into the SEC.
Two other more public events capped off the week that signaled the beginning of the end for the SEC. On Thursday, the day after meetings were held in Washington, two other senators renewed their own attacks on the SEC in a case involving SEC attorney Gary J. Aguirre, who was fired for attempting to question Wall Street kingpin John J. Mack.
Senator Charles Grassley (R-IA) said that “The S.E.C. should have taken Mr. Aguirre’s allegations seriously. Instead, it circled the wagons and shot the whistle-blower — an all-too-familiar practice in Washington.” He also said that the SEC’s investigation into the case “was plagued with problems from its beginning to its abrupt conclusion. The termination of Mr. Aguirre by the S.E.C. was highly suspect given the timing and circumstances.”
Senator Arlen Spector (R-PA) saved his harshest words for the SEC.’s inspector general, Walter J. Stachnik. Spector said that in all his years in the Senate he could not recall “an I.G. who said less, did less and was thoroughly inadequate in the investigation.”
An inquiry conducted by the Senate Judiciary and Finance Committees, and released on Thursday, said that “At best, the picture shows extraordinarily lax enforcement by the S.E.C. At worse, the picture is colored with overtones of a possible cover-up.”
Finally, members of Congress are beginning to say what advocates of stock market reform have known all along, that the SEC is as corrupt as the stock market that they are responsible for overseeing. While it is obvious that there are rank-and-file employees who are hardworking and honest, the corruption at the top of the SEC is way beyond criminal, it is treasonous.
AMERICA NEEDS TO SPEAK OUT, AND SPEAK OUT NOW!
To top off a week that will be remembered as one of the turning points in the battle to return honesty and integrity to our financial markets, Overstock.com filed a $3.5 billion lawsuit in California state court Friday against 10 of the largest U.S. securities firms, accusing them of participating in a “massive, illegal stock market manipulation scheme” to defraud the company and its shareholders.
Overstock's suit names Morgan Stanley, Goldman Sachs, Bear Stearns, Bank of America, Bank of New York, Citigroup. Credit Suisse, Deutsche Bank, Merrill Lynch, and UBS as defendants in the lawsuit.
Patrick Byrne has been under relentless attack from a number of financial media reporters, many of whom have ties to hedge funds and short sellers themselves, for joining forces with other stock market reform advocates in calling for a major overhaul of our financial system. That Congress has finally begun to awaken to the problem at the same time that Overstock’s lawsuit is filed is poetic justice for Byrne, and vindication for those who have battled against power, greed, and wealth in an effort to save our country from financial ruin.
As satisfying as this week has been to those of us who have spent years fighting a battle that at times seemed at times to be almost a hopeless cause, we cannot rest in our efforts. Now is the time to sound the alarm even louder than before, to spread the word across our country before it’s too late. Now is the time to let Senate Banking Committee Chairman Chris Dodd know that this issue will not simply go away.
One last time, in unison:
AMERICA NEEDS TO SPEAK OUT, AND SPEAK OUT NOW!
You can email Senator Chris Dodd at:
http://dodd.senate.gov/index.php?q=node/3128&cat=Opinion
or call him at:
Washington D.C. (202) 224-2823
Fax: (202) 224-1083
Connecticut (860) 258-6940
MBAH Time & Sales
Price Size Exch Time
0.002 170000 OTO 15:26:13
0.0019 5000 OTO 14:38:31
0.0019 100000 OTO 11:26:28
0.0018 250000 OTO 11:22:26
0.0017 125000 OTO 10:40:19
0.0017 8040 OTO 10:35:55
0.0017 518600 OTO 10:27:08
0.0018 475000 OTO 10:26:23
0.0018 25000 OTO 10:23:51
0.0018 166000 OTO 10:22:18
0.0018 100000 OTO 10:19:18
0.0017 445853 OTO 10:18:32
0.0018 50000 OTO 10:16:20
0.0021 30000 OTO 10:15:50
0.002 165000 OTO 10:15:50
0.0022 30000 OTO 10:14:54
0.0018 250000 OTO 10:11:51
0.0018 250000 OTO 10:11:29
0.002 250000 OTO 10:07:25
0.002 250000 OTO 10:06:35
0.002 10000 OTO 10:06:25
0.0022 25000 OTO 10:05:24
FCCN Time & Sales
Price Size Exch Time
0.017 1200000 OTO 16:04:04
0.018 55000 OTO 15:59:40
0.018 100000 OTO 15:59:32
0.018 3000 OTO 15:59:00
0.017 30000 OTO 15:56:05
0.017 20000 OTO 15:55:13
0.017 27500 OTO 15:51:47
0.017 145000 OTO 15:51:46
0.017 20000 OTO 15:50:46
0.017 30000 OTO 15:50:46
0.017 10000 OTO 15:50:05
0.0178 1803 OTO 15:46:13
0.018 60000 OTO 15:46:12
0.017 10000 OTO 15:34:20
0.0178 10000 OTO 15:31:18
0.018 10000 OTO 15:31:18
0.018 43550 OTO 15:04:13
0.018 56450 OTO 15:04:13
0.017 50000 OTO 15:04:11
0.018 5000 OTO 15:02:47
0.0178 10000 OTO 15:02:03
0.018 10000 OTO 15:02:03
0.017 40000 OTO 14:58:35
0.0178 13800 OTO 14:53:20
0.018 13800 OTO 14:53:20
0.018 82500 OTO 14:52:21
0.018 40000 OTO 14:52:21
0.018 21450 OTO 14:52:21
0.018 30000 OTO 14:52:21
0.018 26050 OTO 14:52:21
TFB,The "latest spam message?"
Thanks for your Free Nebula Opinion...
"Spin-off from pink sheet stocks are BS"...
I assure you I wasn't spamming.
Just asking a question if it was a SCAM...
Thanks again TFB & GLTY
psykotik,A Question?
Is GUY42i=icuhavtheschwartz from RB?
Major deals are coming in the pipeline and some already are. The stock is performing extremely well and will continue to IMO. GLTA
"Since the launch of XRM in May of 2006, six publicly held companies have contracted to use the Visual Board Books platform, including: Three NYSE listed firms whose market capitalization ranges from $2.2 to $4 billion; three NASDAQ listed companies, up to $3.6 billion in market capitalization; and, one privately held utility who has upgraded the contract after only one year to six times the original agreement. These customers represent diverse industries such as agriculture, mining, construction, utilities, insurance and casino operations."
How to value a Shell Stock
MAJOR CONSIDERATIONS
* VERIFIED SHELL STOCK LOOKING FOR AN ACQUISITION: it should be actively looking for a reverse merger. Verification can come from SEC reports, news releases, or verbally from company management.
* EXPERIENCED MANAGEMENT: management must understand the mechanics of a reverse merger and know a good business opportunity. If management is not experienced, it is imperative they are working with an experienced consultant.
* SEC REPORTING: it must report regularly to the SEC. This is known as a "reporting company." We want to be able to verify information about the company from public/legal filings . . . not by word of mouth or rumor. Believe it or not, there are public companies that are non-reporting.
* CLEAN: it has little or no debt, no pending law suites, and little or no outstanding convertible securities (preferred stock or warrants). We don't want anything that can complicate the reverse merger.
* SMALL NUMBER OF OUTSTANDING SHARES: the smaller the number of outstanding shares, the better. A smaller number of outstanding shares lessens the chance of a Reverse Stock Split. A Reverse Stock Split can lessen the chance of price appreciation.
* LOW MARKET VALUE: basically, this is the buy low sell high rule. A Shell Stock with a low Market Value will have a greater chance of price appreciation than one with a high Market Value. (Market Value = price X shares outstanding). NOTE: the Profile List by Market Value sorts the Shell Companies from low to high Market Value.
* CASH ON HAND: some Shell Companies have cash remaining from their previous business endeavors. Having cash to fund the new company's business plan will attract high quality candidates.
MINOR CONSIDERATIONS
* TAX LOSS CARRY FORWARD: the new company can offset future net income with the Shell Stock's Tax Loss Carry Forward.
* EXCHANGE LISTED: it is better for the Shell Stock to be listed on a stock exchange (NYSE, AMSE, NASDAQ, OTCBB). But, there are some quality Shell Companies that are trading on the Pink Sheets.
INDICATORS
* INCREASED VOLUME/PRICE: increased volume and price with no news may be an indicator of a potential reverse merger. Information on a reverse merger sometimes leaks out and insiders/family/friends start buying before the reverse merger is announced.
* CORPORATE ACTIVITY: cleaning up debts, law suits, and issuing reverse splits can indicate management is getting the shell company ready for a reverse merger.
WHAT IS A SHELL STOCK?
Basically, a Shell Stock is a public company that no longer has any business! It retains its capital structure with the intention to "reverse merge" into a non-public company with an on-going business. This merger creates a new company that is both public and generating revenues.
Why would a private company with an on-going business want to reverse merge into a Shell Stock? The goal of the private company is to become a public company. There are many benefits in becoming a public company. The traditional method of becoming a public company, via an IPO (initial public offering) can be very expensive and time consuming. Becoming public via a reverse merger is less expensive and much quicker
TYPES OF SHELL STOCKS
Public traded stocks generally fall into one of two categories. Either they report to the SEC or they do not.
REPORTING: they are required to file periodic Quarterly and audited Annual financials with the SEC. They also report changes in stock ownership and any material changes in the company's structure.
NON-REPORTING: they forgo any reporting to the SEC.
When comparing a REPORTING Shell Stock to a NON-REPORTING Shell Stock, keep in mind that with a REPORTING Shell Stock, you can visit the SEC website and review detailed audited financial and stock owner information. With a NON-REPORTING Shell Stock, you can only rely on what the company chooses to report.
SHELLSTOCK STRATEGY
Most investors buy Shell Stocks when there are rumors of a potential reverse merger. But, they become impatient when the reverse merger does not happen and sell . . . usually at a loss.
So what is the best Shell Stock strategy? Probably it is best to buy several Shell Stocks and forget about them. Hopefully you will resist the temptation to sell when things get boring, increasing your chances of participating in a reverse merger - sometimes producing huge returns.
Reverse Merger - Overview
A "reverse merger" is a method by which a private company goes public. In a reverse merger, a private company merges with a public listed company with no assets or liabilities. (The public company is also called a "shell" corporation). The publicly traded corporation is called a "shell" since all that exists of the original company is its corporate shell structure. By merging into such an entity, a private company becomes public.
reverse mergers, public shells, going public, shell mergers, ipos, private placements, public offerings, scor offerings, venture capital, mergers and acquisitions The private company merges into a public company and obtains the majority of its stock (usually 90%). The private company normally will change the name of the public corporation (often to its own name) and will appoint and elect its management and Board of Directors. The new public corporation has a base of shareholders sufficient to meet the 300 shareholder requirement for admission to quotation on the NASDAQ SmallCap Market.
The advantages of public trading status, which are outlined in greater detail below, notably include the possibility of commanding a higher price for a later offering of the company's securities. Going public through a reverse merger allows a private company to go public typically at a lesser cost and with less stock dilution than through an initial public offering (IPO). While the process of going public and raising capital is combined in an IPO, in a reverse merger (also know as a "blind pool" merger) these two functions are unbundled; a company can go public without raising additional capital. Through this unbundling operation, the process of going public is simplified greatly.
The private company which has gone public obtains the benefits of public trading of its securities, namely:
* Increased liquidity of the ownership shares of the company
* Higher share price and thus higher company valuation
* Greater access to the capital markets through the possibilities of a future stock offering
* The ability of the company to make acquisitions of other companies using the company's stock
* The ability to use stock incentive plans to attract and retain key employees
* Going public can be part of a retirement strategy for business owners
The benefits of going public through a reverse merger, as opposed to an IPO, are the following:
* The costs are significantly less than the costs required for an initial public offering
* The time required is considerably less than for an IPO
* Additional risk is involved in an IPO in that the IPO may be withdrawn due to an unstable market condition even after most of the up-front costs have been expended
* IPOs generaly require greater attention from top management
* While an IPO requires a relatively long and stable earning history, the lack of an earning history does not normally keep a privately-held company from completing a reverse merger
* The company does not require an underwriter
* There is less dilution of ownership control
* You will receive a higher valuation for your company
Requirements prior to entering into a reverse merger are the following:
* A private company will require approval of the majority of its stockholders for a merger with a public corporation
Once a company is taken public through a reverse merger the financial markets hold the following future prospects in the capital markets for the newly public corporation:
* The market value of a public company is often substantially higher than a private company with the same structure in the same industry
* Capital is easier to raise for public companies because the stock has market value and can be traded
* The public trading price of the public company's securities serves as a benchmark for the offer price of a subsequent public or private securities offering
* Acquisitions can be made with stock since publicly traded stock is viewed as currency for mergers and acquisitions
* Form S-8 stock can be issued for officers, directors and consultants
* If the stock dividend distribution included warrants, the new company can receive proceeds from the exercise of those warrants if the trading price of its common stock exceeds the exercise (strike) price of warrants.
***NEWS***
Endexx Enhancing Service to Address the Way Its Customers Use the XRM Platform Renewal Rate and Upgrades Exceeding Endexx Expecations
Endexx Corporation (PINKSHEETS: EDXC), a leading provider of web-hosted document management solutions is adjusting its service to accommodate variations in the way its customers are using the flagship Visual Board Books platform.
"Customer feedback for our XRM, electronic board book platform, has been very encouraging. As originally envisioned, XRM's development has been geared to the way our customers are using the product to address needs across the document management areas of their businesses," stated Todd Davis, CEO of Endexx. "Endexx's XRM users are utilizing the systems in various intuitive processes, including some we had never forseen."
Since the launch of XRM in May of 2006, six publicly held companies have contracted to use the Visual Board Books platform, including: Three NYSE listed firms whose market capitalization ranges from $2.2 to $4 billion; three NASDAQ listed companies, up to $3.6 billion in market capitalization; and, one privately held utility who has upgraded the contract after only one year to six times the original agreement. These customers represent diverse industries such as agriculture, mining, construction, utilities, insurance and casino operations.
According to Mr. Les W. Sgnilek, VP of Finance for PCTEL, Inc., "We are also using it (Visual Board Books) for our SOX documentation. It works very effectively as it allows our auditors to review the testing documentation online."
In a correspondence to the company, Mr. C.W. (Colin) Petryk, Administrator, Corporate Secretarial Services for Fording Canadian Coal Trust said, "When Fording initially began to use the Endexx Board Book system we were planning on it being a tool for our Directors and Trustees. We have since learned that although the system does provide the necessary access to materials for Directors, it has become much more a tool for management to archive and retrieve sensitive documents. I will also say that Endexx has been very accommodating in incorporating our requests into the system and we are pleased with the responsiveness of the staff."
About Endexx and Visual Board Books
"Creating a better experience for corporate governance."
Visual Board Books provides an intuitive, secure way to organize and distribute sensitive, secure and critical corporate documents and communications over the web. In this paperless, binder-free environment, directors and executives need nothing more than an internet connection to view board books or protected corporate materials. Now everybody in an organization has the latest version in real time, enabling executives and board members to be better prepared for meetings. Visual Board Books provides a SAS70 type II environment in which to create, deliver, edit, view, and retrieve all corporate documents and board books. Accessible through Visual Board Books' Executive Dashboard, it also provides a single, intuitive interface in which to communicate and confer with approved parties in a secure, enhanced environment.
As an on-demand web-based solution, Visual Board Books interacts seamlessly with legacy systems to:
-- Streamline a company's entire board experience, giving board members
more time to properly review materials, prepare for meetings, and make well-
considered decisions;
-- Improve communications among board members, as well as with other
executives and approved consultants;
-- Securely extend access to select documents to approved sources without
enabling access to the entire enterprise;
-- Provide 24/7/365 access and support, anywhere around the globe.
Safe Harbor Statement
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Endexx to differ materially from those implied or expressed by such forward-looking statements. Additional information on these and other factors may be included on future 10-Q and 10-K reports. This press release speaks as of the date first set forth above and Endexx assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Source: Market Wire (January 24, 2007 - 9:30 AM EST)
News by QuoteMedia
www.quotemedia.com
***NEWS***
Endexx Enhancing Service to Address the Way Its Customers Use the XRM Platform Renewal Rate and Upgrades Exceeding Endexx Expecations
Endexx Corporation (PINKSHEETS: EDXC), a leading provider of web-hosted document management solutions is adjusting its service to accommodate variations in the way its customers are using the flagship Visual Board Books platform.
"Customer feedback for our XRM, electronic board book platform, has been very encouraging. As originally envisioned, XRM's development has been geared to the way our customers are using the product to address needs across the document management areas of their businesses," stated Todd Davis, CEO of Endexx. "Endexx's XRM users are utilizing the systems in various intuitive processes, including some we had never forseen."
Since the launch of XRM in May of 2006, six publicly held companies have contracted to use the Visual Board Books platform, including: Three NYSE listed firms whose market capitalization ranges from $2.2 to $4 billion; three NASDAQ listed companies, up to $3.6 billion in market capitalization; and, one privately held utility who has upgraded the contract after only one year to six times the original agreement. These customers represent diverse industries such as agriculture, mining, construction, utilities, insurance and casino operations.
According to Mr. Les W. Sgnilek, VP of Finance for PCTEL, Inc., "We are also using it (Visual Board Books) for our SOX documentation. It works very effectively as it allows our auditors to review the testing documentation online."
In a correspondence to the company, Mr. C.W. (Colin) Petryk, Administrator, Corporate Secretarial Services for Fording Canadian Coal Trust said, "When Fording initially began to use the Endexx Board Book system we were planning on it being a tool for our Directors and Trustees. We have since learned that although the system does provide the necessary access to materials for Directors, it has become much more a tool for management to archive and retrieve sensitive documents. I will also say that Endexx has been very accommodating in incorporating our requests into the system and we are pleased with the responsiveness of the staff."
About Endexx and Visual Board Books
"Creating a better experience for corporate governance."
Visual Board Books provides an intuitive, secure way to organize and distribute sensitive, secure and critical corporate documents and communications over the web. In this paperless, binder-free environment, directors and executives need nothing more than an internet connection to view board books or protected corporate materials. Now everybody in an organization has the latest version in real time, enabling executives and board members to be better prepared for meetings. Visual Board Books provides a SAS70 type II environment in which to create, deliver, edit, view, and retrieve all corporate documents and board books. Accessible through Visual Board Books' Executive Dashboard, it also provides a single, intuitive interface in which to communicate and confer with approved parties in a secure, enhanced environment.
As an on-demand web-based solution, Visual Board Books interacts seamlessly with legacy systems to:
-- Streamline a company's entire board experience, giving board members
more time to properly review materials, prepare for meetings, and make well-
considered decisions;
-- Improve communications among board members, as well as with other
executives and approved consultants;
-- Securely extend access to select documents to approved sources without
enabling access to the entire enterprise;
-- Provide 24/7/365 access and support, anywhere around the globe.
Safe Harbor Statement
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Endexx to differ materially from those implied or expressed by such forward-looking statements. Additional information on these and other factors may be included on future 10-Q and 10-K reports. This press release speaks as of the date first set forth above and Endexx assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Source: Market Wire (January 24, 2007 - 9:30 AM EST)
News by QuoteMedia
www.quotemedia.com
Stevenvegas,failure to deliver 'CHAMPAGNE WISHES AND CAVIAR DREAMS' has brought MBAH to the reality of today.
If GB continues to deliver only 'interesting cocktail conversation' and not REVENUE, SALES AND EARNINGS, you'll see subpenny forever.
Such is the nature of concept stocks here in the OTC/Pinkyland slum we all reside in.
GLTA but mostly to GB the cocktail conversation concierge.
kingfisher,Here is what I believe
1) GB issued himself and his wife millions of shares of stock options over the years which were almost all converted and cashed into the market.
2) GB appears to have financially benefited directly off the tens of millions of S8 shares that were sold into the market for working capital in 2004.
3) GB and wife issued themselves huge bonuses in the early years, as much as 100K at a time.
4) GB appeared to have overcharged MBAH for rent in which he collected directly in his Cactus entity. Rent payable was also converted into shares directly before massive and manipulated pps runup.
5) GB and wife collected salary and compensation as board members plus an assortment of other expenses paid benefits.
In the end, GB used the company to enrich himself causing massive shareholder dilution and a ruined company.
kingfisher,Gaylen Brotherson's Credibility
Until MBAH Rescinds the Restructuring of Capital Structure
Gaylen Brotherson's Credibility will always be questionable.
MBAH Fact Sheet
1.Converted 460,000 shares of the Company's Class A Preferred shares into 46,000,000 common shares.
2.Accepted the offer of Cactus Family Investments, LLC to return of the remaining Class A Preferred shares to the Corporation as a contribution of capital by Cactus. The Board directed that the Class A Preferred shares received should be cancelled. This action eliminated the balance of the Class A Convertible Preferred shares that would have been convertible into 156,000,000 common shares. Cactus Family Investments, LLC is controlled by Gaylen and Judy Brotherson, the CEO and Vice President & Secretary of the Company.
3.Authorized the creation of a Class B Preferred Stock of 3,000,000 shares. Each such Preferred Stock share shall be assigned the voting power of one hundred (100) voting shares for each Preferred Stock share. The Class B Preferred shares are not be convertible into common shares.
4.Offered to accept 2,000,000 shares of the Class B Preferred Stock in return for $317,382.50 of past due rent payments that are due to Cactus. The Board of Directors approved the acceptance of this exchange. This action improved the Company's working capital position by replacing approximately $317,000 of current liabilities with equity.
5.In a related action, Board of Directors has approved the filing of an amendment to the Company's Articles of Incorporation to provide fewer Common Stock shares to be used for future acquisitions by the Company. The amendment provides that the total authorized Common Stock shares will be reduced from the current authorized level of 800,000,000 to 350,000,000. The Company does not believe that more than 175,000,000 new shares may be needed to purchase the number and size of companies it wishes to acquire.
EDXC News Coming
There are going to be 2 more PR's this month, with more meat than the first one. The BIG ONE is the 3rd. Get in NOW before .08+ JMHO
Posted By cassity
Well finally have some quiet time, so here goes. One of the first things I asked Andrew, was what we can expect as far as a time line is concerned. I also asked, why they didn't release all the details of the definitive agreement. He responded by stating he was surprised that they didn't include the details of the acquisition.(Remember he doesn't issue the PR's) I asked if we would be updated on this information and he stated it could be released when the merger is complete or anytime.(he didn't know for sure)
He also stated that people wanted unaudited fins to be released like I mentioned before. He did state that people are focused too much on Aero NOW and should be looking at what Aero will be when this is complete. He was referring to the rapid growth of the company. MY RESPONSE TO WIT: I work in manufacturing currently and when you experience rapid growth, you don't always have millions of dollars lying around to keep up with the demand.(This has happened several time at my current employer) Andrew was making the point that he was surprised that the amount given to Aero was as small as it is. IMO...this is a VERY good thing, that even though they are experiencing rapid growth, they only had to receive 1.5 million. This is chump change to a company this size. This may be common knowledge to most, but I'm just trying to clarify what I had posted earlier.
People are all worked up about the recent drop in price after the news was released, but that is to be expected. People think that they have until the 2nd quarter to get back in before the pps starts to rise. Oh how those people will be unpleasantly surprised when it happens when they least expect it too...of course this is JMO.
About tonight's filing. It is almost to a tee what else I was going to talk about tonight. During our conversation he was saying something about the company no longer being a investment firm. He went into details and I now understand what he was talking about. I think that the company is being very honest and has a lot of house cleaning to do.
Just a bit of a side note. I've called a lot of companies over the past year. I like to hear what they have to say and see if I can pick up any negative vibes. This is one thing I hated about SLJB, I couldn't get a hold of anyone, anywhere. With CSHD I spoke to old psycho..I mean Rufus back in July, but then he stopped answering my phone calls.(He was a bit of a pumper LOL). I like how FCCN's current management is handling business and my concern is not with them, but all the B/S being said on these boards. This is going to be completed..IMO and it is being done by-the-book!
I've never been concerned with whether people buy or sell, just do it on your own DD and do not let all the bashing/pumping B/S convince you otherwise. BTW: I personally think CINDYOUHOO or whatever the heck her name is on IHUB is a seriously paid basher (NOBODY has that much time to learn about stocks they don't have a interest in)..JMO,JMHO!!!
Well that ends my novel for the evening and I hope this clears up some questions. If I remember more I'll post it.(I took crappy notes)
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-Cassity
Chad Austin Curtis
Jim Bishop DD On Chad Austin Curtis
SI
To: Michal Daniel who wrote (24)
9/22/2006 2:14:40 AM
From: Jim Bishop
54
Chad Austin Curtis is or perhaps was until just recently or soon, CEO/Chaiman of Marquee Asset Management. He's sold the company to his partner looks like this week.
Supposedly he was acting as I/R for SLJB for free, which I find kinda hard to believe.
Used to be a broker of some ilk with a few Florida outfits including JP Turner and until August of this year Acosta in Miami.
NASD Broker Check CHAD AUSTIN CURTIS CRD Number: 2912399
shows one criminal action and one customer complaint.
He left Acosta in August and Florida SOS shows initial filing for Marquee Asset Management LLC on August 18/06. An event filing was made September 18/06 and a Dwight Flatt in Ft Lauderdale is now shown as Manager/Member
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Marquee web site has/had this included in Chad's bio...I don't think the page is prominent anymore, but below link should work.
"Formerly held professional credentials:
The Series 7 license is a general securities rsegitered(sic) representative license, it entitles the holder to sell all types of securities products. It is the most comprehensive of the NASD representative licenses. It was a prerequisite for most of the NASD's principal examinations.
- The Series 63 license covering state laws and regulations. A securities license entitling the holder to solicit orders for any type of security in a particular state."
http://www. marqueeasset. com/contact/ceochairmanbio.html
Originally posted by cassity:
Haven't had time to look at the new filing, but wanted to add something that me and Andrew had talked about today. When he said that they have a lot of filings to CLEAN up, I asked if they would be put out updated filings every once in awhile. He stated that they would probably be putting out filings that have been corrected, throughout the process of the aquisition, except for the 10K and 10Q's. These filings will more than likely be completed with the merger. He said that because these filings had to go through their auditor they would probably do one big 10k and 10Q. FCCN was deliquent on several 10k's and 10Q's, but its my understanding they will do one big 10k and one big 10Q, to become current. There is some stuff I didn't want to say during trading hours, because people will think I'm pumping. I will update everyone this weekend, as soon as I get time. I was trying to type today with a 2yr old wanting to play with her daddy, so I made it quick.
Posted by psykotik1 on 'Franchise Capital Corp.'
Recap of the day.The stock did not do what we thought it would.
The stock was up all day with 20,000,000 shares traded. In the last 1/2 hour it went down .012 on 2 million shares. What does that tell you? people were itching for the door and started selling, bidwhacking and the MM-s helped it right on down.
I talked to Andrew today. I asked him to have a talk with MR. Peacock about the fact that we have been over 13 days on the REG-SHO list. The Ceo can request under section 32-10 of the SEC Code to make the shorts to cover. He said he would. I asked him about the 1.5 million loan. He said it was a private placement and details would come out in future updates.
There is no dilution of stock going on. Aero is not a piece of shit penny stock company. They are going to NASDAQ. They are going to cross very T and dot every I. FCCN has some catching up on past filing to have a clean shell. Aero is working on their Audited financials. The merger is done. I am sorry we did not get rich overnight. This process will take 60-90 days. If you cannot wait that long, maybe this is not the stock for you.
People who are talking B.S. do not own the stock. They are looking for a cheap enrty point so they can flip the stock. Then do it again and again. The weak investors will fall for this every time. I would love for a basher to prove one thing they ever say. They can't, they are parasites sucking your blood.
I will not be posting except from time to time as what goes on these boards makes me puke. I have all kinds of big board stocks that I am not on a board for. I will be playing this stock the same way. Every word I have said can be verified by calling Andrew. The funny thing is that whoever has talked to Andrew is very long. The weak or the lazy are afraid to pick up the phone to do their own due dilgence. They read mesages boards and listen to an idiot poster and actually believe their B.S. I will hold this stock till AERO gets on Nasdaq. Believe it or not it is the truth.
" What we have here, is a failure to communicate."
Strother Martin- Cool Hand Luke