Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
careful, moonie ... that's pretty close to off topic and even spamming. Think you'll get the axe for it?
You're so transparent, moonie.
You hated it so much when certain posters told it like it was that you started stalking the board of another company, just to stir the pot. Were you a shareholder of that company? Had you studied it, done any dd, read any filings? Don't lie, now.
Whatever happened to that poster ripXgel, btw? What was his game, any idea -- where was he coming from? Did he win at it, do you know? If you don't I'd be happy to tell you in one word: no.
But now you find it oh so offensive when people who have studied this company and its predecessor and its/their principals speak out.
Double standards.
Stick to your mooniemath. At least that brings a laugh.
crow ...
Then I got "crowded on" by people that wanted to shut me up..
That's true of many of us. "The" prime example of how unsuccessful they were was Lmorovan. Sadly, "the" prime example of how successful they were was jmarcine.
Maybe someday she'll write "the" book (maybe in a collaboration with ~kidd).
That's about it, rotten. One of the (many) things I like about you is your ability to cut to the chase.
so, viking ...
I haven't looked to see, but did you delete all of paige's posts about her "friend's" plights, and the replies? You should have, according to these rules.
That's a great idea, crow! (edited)
Maybe it can also be used to detect water pollution. Or glacier melt.
But puh-leeze ... it's cod, not herring! We professionals have our pride, after all.
I don't know if elrheo will be staying in NS but I do expect to see him again sometime or other this spring or summer.
(Edit) Oh look, there's a post missing. Could it have been mine?
Maybe he's sick, rotten ...
that's the ONLY thing that would keep him from posting his links or yelling WOW !!!!!!!!
This might be of interest
to anyone whose posts are deleted:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26284784
I never "snarl," pookie.
Wouldn't think of it.
I do laugh a lot, though. Any problem with that?
ask pookie ... I bet she can "research" him, coax him out of hiding.
... researching all the cancer institutes in GB, no doubt. Bizzy lady, that pookie.
I'll look for it ... can't promise I'll find it though. That goes waaaaaaaaaaaaaay back!
drumbah, it dropped only because they didn't hype Smuts enough. I mean he was a manager in a (little known) Cardinal sub, bought in 1996, and they didn't give ANY of his accomplishments while with them. If he was so good, why didn't Cardinal promote him to a position with more scope and responsibility?
But not to worry. Raiderman notes that cdex is now an INTERNATIONAL COMPANY!!!!!!!!!!
Riches are sure to follow for all troo b'leevers!
Remember this man, crow? He made a lot of people very angry when he wrote something or other about loch. As I remember, it wasn't very complimentary.
Note the very last sentence.
A Sad Tale of Fictional S.E.C. Filings
By FLOYD NORRIS
High & Low Finance
The New York Times
June 22, 2007
When it comes to disclosures, Universal Express is not exactly a model company.
In its latest quarterly report filed with the Securities and Exchange Commission, Universal reports that its suit against the S.E.C., and an S.E.C. suit “against certain officers” of Universal, “are pending.”
It does not mention that the company itself is also a defendant in the S.E.C. suit, nor that during the quarter in question a federal judge in New York ruled that the company and the officers had violated securities laws and ordered them to pay $21.9 million.
The judge described Universal’s chief executive, Richard A. Altomare, and its general counsel, Chris G. Gunderson, as “repeated and remorseless violators” of the securities laws. He barred Mr. Altomare from being an officer or director of any public company, and barred both men from being involved in sales of penny stocks. None of that is mentioned in the quarterly report.
As for the company’s suit against the S.E.C., it does not appear to be pending at all. A federal judge in Miami dismissed it in 2005, and that judgment was affirmed by an appeals court in 2006. If there is a further appeal pending, it is not mentioned in the court docket.
The case of Universal Express, a small company that loses money even faster than it issues news releases, is not very important on its merits. But it shows how hard it can be for the S.E.C. to halt what it views as a fraud. The S.E.C. filed suit against Universal in 2004, but the company is still financing itself by issuing billions of unregistered shares.
In Universal’s world, it is the victim. It says the S.E.C. investigated it only in order to retaliate for the company’s criticism of the agency.
Universal says the only issue worth considering is its claim that its stock price fell because of “naked short selling,” in which shares were sold by traders who neither owned them nor borrowed them. Mr. Altomare calls the S.E.C. a “bully” and says the commissioners “will have to answer for their treatment of us whistle-blowers.”
He is dismissive of Judge Gerard E. Lynch of Federal District Court in New York, who ruled that Universal violated the law when it issued a series of news releases that were “at best misleading and sometimes wholly fantastical” and used them to sell 500 million shares that were illegally issued from 2002 to 2004.
All the federal judges in New York, Mr. Altomare told me, “tend to support the S.E.C. whether or not they read the depositions or research the laws.”
In one news release, the company forecast $9 million in annual revenue from 9,000 private postal stores. But, the judge said, “there is no evidence that Universal Express actually had a relationship with any such store and, indeed, Altomare has explained that its ‘network’ consisted of every postal store existing in the United States that had not somehow known to opt out of it.”
Nothing much has changed after the ruling. The latest quarterly report says those 9,000 stores are “members” of Universal Express’s network. The news releases the judge found to be false are still on the Universal Web site
If the S.E.C. was upset that Universal Express issued 500 million unregistered shares over 33 months, how do you think it feels about the fact the company issued 5.4 billion unregistered shares in the first three months of this year, with 660 million being sold and the rest issued for “deferred services,” which I think means the recipients are supposed to provide future services.
Universal claimed its old stock issues were allowed by a bankruptcy court ruling permitting it to issue stock options when it finished reorganization in 1994. Judge Lynch found that claim to be baseless and dismissed the company’s justifications for some news releases as “flatly ludicrous.”
Billions of shares in Universal Express now trade each week on the over-the-counter bulletin board. Calling it a penny stock may be a compliment, because you can get 25 shares for a penny. But last year it traded as high as 40 cents.
Big numbers are a staple of Universal announcements, but not of its financial statements. The S.E.C. suit cited news releases claiming a total of $885 million in financing, none of which seems to have arrived. For years Universal has said it hopes to collect hundreds of millions of dollars in judgments from investment bankers involved in a 1997 Universal Express financing.
In 2006, Universal lost $18.9 million on revenue of just $1.1 million. Mr. Altomare, acting as the sole member of Universal’s board, gave himself a $50,000 raise, to $650,000 a year. The company also forgave part of $1.6 million in loans to Mr. Altomare and his wife. The cash to pay that salary came from the sale of unregistered stock.
In Mr. Altomare’s view, the issues that bothered the judge are irrelevant. “Long and short of it,” he said in a statement issued by the company, “this is a naked short hallmark case in the making.”
Or it is proof that it can take a long time for the S.E.C. to stop a fraud.
Make that Coldwater, not Coldwell ...
crow ...
This from an e-mail from Carol Remond to me on October 1, 2001.
"Loch Harris's story appears to have already been told for the most part. But
I would be very interested in any new information that would advance the
story further, including Neuhaus' relationships with that company."
Seems she takes a special interest in Neuhaus. As did and still do the authorities.
As I said to drumbah, aren't the loch/cdex longs lucky that malcbaby came along just in time to make an honest company out of it! Everyone's gonna be rich !!!!!!!!!!!!!!!!!!
I don't think he had a serious interest in this company ... and maybe never even gave up the $1million he supposedly committed to.
I'll never forget how excited some peeps were at Coldwell's gift! It was the proof that loch had some serious investors with the wherewithal to help the company make it all happen !!!!! But I doubt that boonie's dream for li'l ol' elf was bigg enough to keep him involved. On the other hand, what if it wasn't boonie/s but malcbaby's dream instead ... I mean, who was behind boonie's "appointment" as ceo? And who came on to save the company? Interesting preguntas that also tell their own stories.
Do you know ... when the SEC/FBI were first looking into loch, one of the peeps they very much wanted to find was Neuhaus. That was over five years ago! One might almost think loch was just another avenue for finding him, that accidentally they also uncovered stuph about loch that didn't sit well. And SEC-savvy malcbaby knew how long investigations can take, so he also knew he had time to "turn loch around" -- change its name -- change its focus (according to whatever was the newest hot cause) and make a bundle for himself and his "colleagues" in the bargain.
"We tried, we really really tried."
Actually, I shouldn't have bothered including the last link. But he's such a fascinating fellow to watch work. "Catch me if you can."
drumbah ... your investment in this company is safe, safe I tell you, with malcbaby watching over things. You're gonna be rich one day!
If capndagood can pull up "interesting" documents, so can I.
Here's the anatomy of a fraud -- the complexities might look familiar, as might one name, in particular:
http://www.sec.gov/litigation/complaints/comp18636.htm
I. SUMMARY
1) This case involves the dissemination of false information to the investing public by Universal Express, Inc. ("Universal") and its chief executive officer Richard Altomare and its attorney Chris Gunderson to facilitate an illegal unregistered distribution of 500 million shares of Universal stock to the public through Mark Neuhaus, George Sandhu, Spiga Limited, and Tarun Mendiratta ("the re-sellers"). As the dilutive issuances to the re-sellers apparently weighed on Universal's stock price, Universal issued a series of false press releases from May 2002 to April 2003 announcing funding commitments for a total of $885 million and thereafter made other false statements in public interviews, press releases, and Universal's filings with the Commission.
2) Each of the re-sellers acquired Universal stock from the company at a substantial discount from the public market price of the stock. During the illegal distribution of stock by the re-sellers, Altomare diverted a substantial portion of the proceeds to family members and personal accounts. The recipients of the stock re-sold the shares to the public for a quick risk-free profit and then used the proceeds to finance their subsequent share purchases in the ongoing scheme.
Oh and look, here's an article by Carol Redmond (Nov 29 '07):
http://72.14.205.104/search?q=cache:VeLGSveqwzwJ:siliconinvestor.advfn.com/readmsg.aspx%3Fmsgid%3D24095946+%22Neuhaus%22+%2B+%22Universal+Express%22&hl=en&ct=clnk&cd=17&gl=us
But wait, there's more!
http://72.14.205.104/search?q=cache:CEoeCx9o-gwJ:www.marketwatch.com/tools/quotes/secarticle.asp%3F%26sid%3D2119035%26symb%3DTXHG%26guid%3D5559442%26type%3D10003+%22Neuhaus%22+%2B+%22Universal+Express%22&hl=en&ct=clnk&cd=15&gl=us
Ohmygoodness ... isn't this the man who helped li'l ol' loch get some badly needed capital once upon a time? Isn't it lucky that the SEC savvy attorney malcolm phillips took things over just in time and saved the day!
Wow!
Yes.
Your post almost sounded as if we'd met in person.
(I still AM coquille on RB.)
well, THAT's not fair, techguru ...
not giving any details, I mean.
I pity anyone on the short end of whatever stick he's playing with now.
(Do we know each other? Give me a hint on that, at least!)
oferpitysake ...
Cardinal is going to buy li'l ol' cdex! Who'da thunk it?
(Be sure to read raiderman's infallible logic to see why it's going to happen.)
... and the same to arloco, crow, nolajo, chimp, dsp machine, buckwheat, and the ever endearing MOMMA!
Merry Christmas and a very Happy New Year, ~kidd.
crow ...
The danger to MP is all the bulldrap that they are laying down could gt him into a row with the FEDS.. especially if he sells PPs to the wrong bunch.. Or worse, if he takes Mob or SA Drug cartel money..
Would he do that, get involved with SA mob or drug money? I mean, after l'affaire Ramsay? And isn't malcbaby as pure as the driven snow, would never let himself get involved with anything shady? I mean, all he did with the early pp solicitations was enlarge the projected figures somewhat.
I don't think the authorities were pleased with that.
oh dammit ... you've sussed me, capndawow.
I'm really the chief law enforcer of the tribe and have secretly purchased those devices.
What I intend to do demonstrate them on the Capitol steps with supportive members of the House and Senate present. We're scheduled for the week between Christmas and New Year's.
I'd love it if you were present and gave a first-hand account of the demo.
Quit trying to be so pious, moonieman.
Did your posts about stuffing my parachute get "censored"? Even moderated? I guess it's okay for you to talk like that but not for anyone else.
btw ... been keeping an eye on the other company you have such an interest in lately? You really ought to, if you want to see how a real company works.
rotten ... it was supposedly sent by accident (faxed? I think so but not sure) to osscout who then supposedly gave it to capndagood for safe keeping.
Don't do it, drumbah! Malcbaby will make this all come good!
I like your history lesson, diddy ... right on the mark. I'm sure drumbah feels better now.
Not to worry, drumbah ...
News of orders will be out soon. At least that's what peeps have been told. And then the sp will ROCKET !$#(*&%($$@$@## ! Stay tuned !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I think that's how clozer would say it.
Is that anything like "field testing" elf at RBI in Croatia, mikel? Will a TV reporter be there to report on every move? I mean, they got one into Croatia, so Joplin should be much much easier, don't you agree?
Where SHOULD it be, drumbah? $53 ?????
I especially like this little added bit of protection:
3) Indemnification of Officers and Directors: added Article XIV of the Amended and Restated Bylaws, which provides for Indemnification of Officers and Directors pursuant to Nevada Revised Statutes ss.ss. 78.7502, 78.751 and 78.752.
indemnify: to secure against hurt, loss or damage; to make compensation to for incurred hurt, loss or damage
welp ... I see there's no further interest in lmorovan's post on the troo bloo board.
Why in the world could that be?
Not a thing wrong with me, moonie.
I bet you wish you could say the same.
Don't you have a flight to catch? You could surely deadhead to Houston and speak to Dr. Gurwitch yourveryownself, ask her yourveryownpreguntas.
How easy would THAT be?
what, you aren't up to it, moonie?
just as you aren't up to posting these posts of mine on diamonte's deluded board?
oh right, I forgot ... your forte is attacking not illuminating, piggybacking on malcontents (when it suits your agenda) instead of having a single original idea and acting on it.
Of course he knows that, rotten.
And of course he won't do it himself. Wouldn't want to rise above the mob, now would he? Much more fun for him to hope to be perceived as an erudite poster with a brain.
Maybe someone else will read them here and decide there's something to be said for posting facts and not fancy.
r----------- comes to mind.
I see NOTHING about "tweaking" the device, moonie ... put your spin on it all you want, those are YOUR words, not Dr. Gurwitch's.
Hers were:
"The company had some ownership and management changes, and wasn't ready to provide us the product we had understood they would be providing. We are currently working with Valimed to identify how the product could be improved to help us enhance our current safety measures. In addition, I have been reviewing other technology improvements that could add value to the systems currently in place."
I think I might write her again and ask if TX Children's is still "currently working" with Valimed. Or maybe you'd like to. Our correspondence was in May 2007, after all. Surely she'd be candid.
And I have a daughter who was treated (extensively) at Children's in Chicago ... so maybe malcbaby ought to think twice before he adds that name to the list of participating hospitals, or whatever he's calling them.
You know, rotten ... sometimes all it takes is writing a respectful query letter. That's how I came to learn about Vlado's role in the entire Croatian episode, with the Rudjar Boscovik Institute back in the daze. Dr. Zovko was totally candid and forthcoming.