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A/S 350M?
Where did you get this Number from?
Following the Link to OTCMARKETS.COM shows that the A/S is set to Unlimited.
http://www.otcmarkets.com/stock/VAEV/company-info
What is wrong with this picture?
TA Olde Monmouth Stock Transfer Co., Inc. is well known from SPNG times, it's a gagged TA. Nice to have, isn't it?
Isn't Loyd the Guy who is currently running the Show at CLKZ.PK as well? Very encouraging, isn't it? Where is Clicker Inc. in your DD anyways? Why not merging Clicker Inc with BBOS , he's CEO in both Companies?
16:45:24 2,55M shares print
@0.0528 just came up...
THX 7D, found it in the Apps Store but not on their Webpage. lol
So far that makes it 2 so far then THX
Some Reviews for ILEGACY:
No power ups really
by Alyssap86
Besides the sweeper which in the first level you only get one and when you make a match of 4 or more like most match 3 games have. I am very upset that I paid for the app and it turned out to be nothing I expected. I think some changes need to be made to it to become a better game.
You
by LaDana W Emerson
OK this is game is your run of the mill match-3 pieces while working to move the puzzle pieces to the both of game board but here's the seriously "you've got to be kidding me" part -- you know how there may not be anymore 3-match, 4-match pieces so the board resets and you pick up where you left off? Yeah well NOT with this one!!! When there are no more matching pieces you have to COMPLETELY START THAT PUZZLE ALL OVER AGAIN!!! That's rotten and needs to be fixed!!!!!!!!!!
Hope you ebjoy this POS Game, hopefully the Stock does better than the APP, but with Xtreme in the back it should be possible.
From their Disclaimer:
Since Xtremepicks.com receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in Xtremepicks.com statements and opinions and such statements and opinions cannot be considered independent.
GLTA
Only ONE App "ILEGACY 1.0"
"Match 3" type of game, Programming very poor, not playable!
Anyone else tried it?
No? You should.
Crap IMHO
CEO bought Common Stock NOT restricted stock
per the last Form 4
4.75M @ 0.01
where do yoe see any word of restriction in any of those filings?
1.5x the float has been traded for 5cts? now i ask again who is selling at these levels?
BTW no answer so far from the TA (QTR,Inc)yet.
I'm sure the FLOT is >5M shares
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7558125
REED DARRYL W (CEO)
Common Stock 10/22/2010
Purchase of 4,750,000 common shares
Price paid $47,500 (0.01/share!!!)
Total Ownership 5,009,716
There goes your 60k Float. *ups*
What Speculation? It's all in the Filings.
Form 4 shows clearly that the the CEO holds >5M shares
he purchased 4.75M of common stock @ 0.01 on 10/22/2010.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7558125
What is wrong with this Picture?
Float only 50k?
hmmm, lets see:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7558125
REED DARRYL W (CEO)
Common Stock 10/22/2010
Purchase 4750000
Price paid $47500 (0.01/share!!!)
Total Ownership 5009716
Kind of hard to believe the 50k story, isn't it?
Who wouldn't sell a 50 Bagger? LOL
05-18-2010 1:1000 R/S ??
On May 18, 2010, the Company affected a 1 for 1,000 reverse split of its common stock. In lieu of issuing fractional shares resulting from the split, the Company paid cash equal to $18.50 per share to each shareholder that would have received less than one share as a result of the reverse split, and rounded up all other fractional shares to the next whole number. The Company’s principal purpose in effecting a large reverse split was to eliminate many small shareholders to reduce future administrative costs. As a result of the reverse split, the Company cancelled 32,202 pre-split shares and eliminated 586 shareholders, which left the Company with 149 total shareholders. The purchase price for the fractional shares was equal to the last trading price of the common stock as the date the Company approved the reverse split, adjusted for the 1 for 1,000 reverse split.
On May 6, 2010, the Company’s board of directors passed resolutions to amend its Articles of Incorporation to (1) change the Company’s name to “Next Generation Energy Corp.” and (2) increase the authorized shares of common stock back to 50,000,000 shares from the 50,000 shares that resulted from the reverse split described above. The amendments were not effective until July 23, 2010.
Now let's look at the share count:
Common stock, par value $.01 per share; 50,000,000 shares authorized, 19,350 and 12,373 shares issued and outstanding, respectively
Weighted average number of common shares outstanding-fully diluted
51,797,513 *ups*
NOTE K – GOING CONCERN MATTERS
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements for the three and nine month periods ended September 30, 2010, the Company has incurred operating losses of $(97,406) and $(83,020), respectively. In addition, the Company has a deficiency in stockholder’s equity of ($874,076) and ($2,375,560) at September 30, 2010 and December 31, 2009, respectively. These factors among others may indicate that the Company will be unable to continue as a going concern.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7572215
this if from the last filed NT:
NO 10-K filed ever.. only NT 10-K's stating they are working on it *lol*
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7572215
The registrant is in the process of compiling information for the period ended December 31, 2009 for the Form 10-K, all of which information has not yet been completed.
Next Generation Media Corp.
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 31, 2011
Great CO to watch! LOL
GLTA
You are refering to a post from 15th Jan,
the Stock hit >.6 twice after that, nice ~200% Gainer in the Bank.
and yes i placed already some orders to get some "dirt cheap shares" but only to sell them again at a higher price.
Whithout those audited numbers the Stock will go only one way (imo)
GL
Any update on Status for the audited Financials?
Are they out, close to be released or what's heppening with them?
Just asking because many posters here seem to have good Connections to the CO.
Looks like as we can reload the boat again in the 2's soon...
Buy low sell high and never fall in love with a stock. It's just money!
http://www.youtube.com/user/zonatum#p/f
GLTA
PK Status: STOP SIGN -> No Information
And here last News from 10th Mar:
TAG Significantly Strengthens Leadership Team as Part of Corporate Restructuring and Commercial Push
New Division President and COO Bring TAG Decades of Apparel Industry Expertise
NEW YORK, March 10, 2011 /PRNewswire/ -- Total Apparel Group, Inc. ("TAG" or the "Company") (OTC Pink: TLAG), a licensing, merchandising and distribution company focused on bringing national and international brands to the North American marketplace, announced today that it has added veteran industry leaders Robert Lineburg as President of TAG's wholly owned subsidiary Kappa North America, and Jeff Sirchio as Chief Operating Officer, respectively. Their combined 60 years of apparel industry expertise will significantly enhance both TAG's brand equity and business acumen, and position the Company for further pursuit of immediate market share.
"We are extremely excited to welcome Bob and Jeff to the team and look forward to tremendous growth under their leadership," stated TAG Chief Executive Officer Janon Costley. "Their combined experience and expertise will significantly strengthen and prepare our company to navigate and succeed in this unique business environment."
Robert Lineburg, Division President, Kappa North America
Robert brings more than 30 years of retail industry experience and was previously the CEO of children's apparel company Keystone Apparel. He is responsible for overseeing the sales and production-related activities for TAG's most important operating division and implementing strategies that are consistent with the Company's overall business objectives.
Jeff Sirchio, Chief Operating Officer
Jeff Sirchio has an extensive 20-year background in retail and manufacturing, and is responsible for managing and directing the Company toward its primary objectives, based on profit and return on capital by overseeing the TAG's day-to-day operations.
Mr. Costley added, "As we continue to expand and look for new opportunities, we are confident that the void created by the bankruptcy of Global Brands Group, the master licensee of FIFA branded merchandise, will not be an impediment to the future growth of TAG. Adding new management is one of the key steps we will take to increase our sales revenue in other areas that will hopefully offset the loss of anticipated revenues from the Active Apparel Group division."
As part of its restructuring process, the Company has, by action of the Board of Directors and by written consent of approval of same by shareholder(s) holding at least a majority of the shares needed to approve same, as of March 3, 2011, approved a 1 for 150 reverse stock split of its issued common stock, to go into effect on March 4, 2011. This is in conjunction with an increase, also approved by the Board of Directors and similarly, as aforesaid, by the shareholders by written consent, of the Company's authorized shares of common stock to the number of: 1,900,000,000. This action will enable the Company to continue its near and long term growth strategy.
To be added to the Total Apparel Group, Inc. investor email list, please send an email with TLAG in the subject line to justin.davis@cirrusfc.com.
About Total Apparel Group, Inc.
Total Apparel Group, Inc. (OTC Pink: TLAG) (www.tapginc.com) is a licensing, distribution and merchandising company focused on bringing national and international brands to the North American marketplace through strategic licensing and distribution agreements with partners who have existing brand recognition and the ability to develop, design and manufacture products. TAG is currently a licensing and distribution partner for several internationally known lifestyle apparel, shoe and accessory brands. http://tapginc.com
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements within the meaning of the Private Securities
A/S boosted now to 1.9B after a 1:150 R/S with the last known O/S of 343,297,989 shares as of August 25 (taken from the last 10-12G Filing from Sep'10) LOL
GL with the 4k O/S as shown on the OTC Page. Thanks for this tweet.
Any News on the
audited Financials and Library?
It's really nice to see the Stock going North, but what about the Audits. I'm long too with a paper gain of 18k on TDGI, though don't tell me i'm bashing. They were promised for Jan, Then for Feb... what's next? March, April...? Come on even a forensic Accountant would do a faster Job.
Sorry just tired of waiting
NEWS: UnionTown Energy Postpones Closing on Jayhawk Energy Inc. Purchase Agreement
ohohhh....
Press Release Source: UnionTown Energy Inc. On Wednesday February 2, 2011, 6:30 am
LAS VEGAS, NV--(Marketwire - 02/02/11) - UnionTown Energy Inc. (OTC.BB:UTOG - News), an Independent Oil & Gas Company, today announced that it is postponing the closing of its previously announced Purchase Agreement with JayHawk Energy Inc. (JayHawk) due to discrepancies in the target property size, initially represented to UnionTown to be the total 45,000 acres held by Jayhawk in Kansas as set out on the Jayhawk website.
During the due diligence process it was discovered that the size of the property originally offered to UnionTown by JayHawk was significantly different from the property size in the proposed closing documents.
In addition, the Independent Consultant Report had a further conflicting figure in total land size.
Although the property size does not affect the viability of the Project, UnionTown has instructed its legal counsel to confirm the correct property size prior to proceeding.
About Uniontown Energy
Uniontown Energy Inc. is an Independent Oil & Gas Company whose focus is the acquisition, development and production of oil and natural gas properties. The Company is pursuing a strategy of building a portfolio of energy producing assets that include coal bed methane, natural gas, shale gas, oil sands and deep natural gas throughout Western Canada and the United States.
http://finance.yahoo.com/news/UnionTown-Energy-Postpones-iw-2523248494.html?x=0&.v=1
Promo out by pennystockpicks.net
Per their Disclaimer they own directly and/or indirectly 650k shares.
Quote from their Disclaimer: While the Publisher is telling you to buy they are selling! Publisher has an will sell shares well below it's Target price...
Happy trading ... GL
http://www2.smallcapfortunes.com/knkt/index.html
WOW 800k Promo
I bought, i hold and i will add!!
Correct Sir. But as you can see, some people start to use those numbers and claim they are audited.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58837427
$24,276,709 / 472 Million O/S = $0.0514
TDGI Library Valuation ALONE Adds .051 to TDG Stock Price.
These are Officially Audited numbers, indisputable.
Don't get me wrong, i'm long TDGI since 2009, but these kind of statements can hurt more than they help to gat the pps up.
I think this CO will do great and doesn't need this pumping and hyping thing.
A 10K would be audited. This one clearly states CONSOLIDATED BALANCE SHEET DECEMBER 31, 2010(UNAUDITED AND UNREVIEWED)
I thought they wanted to file audited numbers by Jan 16th?
Anyhow, the numbers are looking good so far, but it would be nice to get the audited numbers ASAP, since Eric made a commitment to audited Data a while back... JMHO
but isn't any 10Q unaudited as well?
Why no PR? Alerts are coming up for every other Company i own but not for TDGI. Just wondering especially since the Numbers look pretty damn good.
This should be a Sticky as well!!
Thanks NoDummy.
PMBS.OB??
Shouldn't the IBox reflect the correct Trading Symbol as it is now PMBS.PK?
Shouldn't it also reflect that PMBS got booted from the OTCBB on 10/13/2010 (without any advance Notice to their shareholder)
Puramed Bioscience Incs common stock has been deleted from OTC Bulletin Board (OTCBB) effective October 13, 2010 on account of its failure to comply with Rule 15c2-11.
http://www.realpennies.com/otc/PMBS/
Any Idea what was the violation to Rule 15c2-11 that resulted in the delistening?
I'd like to know it before i consider to buy any shares of this CO.
Thanks in advance
43-101 STYLE Report ??
What exactly does a 43-101 style report mean?
SUGO will be utilizing the review and the recommendations from the report to design and implement exploration and drill programs for 2010 with the intent of continuing to define and expand areas of gold mineralization.
Wasn't that already said back in May??
It's always good to have good finance people,
when you are working with a basically "gagged" TA
Low-grade gold ore at Conglomerate Mesa??
The Conglomerate Mesa Project
The Bureau of Land Management is considering a proposal from Timberline Resources Company to explore for low-grade gold ore as part of its plan to put a massive gold mine on Conglomerate Mesa, just east of Owens Lake in the scenic Inyo Mountains. Conglomerate Mesa was formerly included in the Cerro Gordo Wilderness Study Area, is adjacent to the Malpais Mesa Wilderness, and may still be considered for future wilderness designation
The proposed open-pit mine would use a poisonous cyanide-leaching process and would span up to 10 square miles of fragile desert. The mine would produce less than half an ounce of gold from each ton of rock -- literally. Worse yet, the mine site is less than five miles from the western border of Death Valley National Park and would be visible from the park, access roads, and nearby wilderness areas.
In addition to permanently destroying wilderness values and marring the desert landscape, this massive proposal would damage scarce desert water resources, increase dust and air pollution, destroy fragile desert soils, and destroy habitats for rare plant and wildlife species including the Mojave ground squirrel. The cyanide waste ponds would also create a deadly trap for migratory birds using the inland Pacific flyway.
The low-grade gold ore at Conglomerate Mesa is only be considered for mining because the price of gold is rising and the federal government continues to allow mining projects such as this one to destroy vast areas of our public lands virtually for free.
The Bureau of Land Management produced an inadequate Environmental Assessment for the exploratory drilling. It fails to address any of the environmental impacts that will result from a gold mine in this area and also fails to adequately address the impacts of the exploration.
What has changed??
TLR did was stating the axact same thing already a couple years ago, at least they had already a plan how to get a hold of the "microscopic gold" they spotted...
http://www.desertreport.org/wp-content/uploads/2008/12/DR_Winter2008.pdf
start at Page 18:
The Timberline website boasts of a multi-million
ounce deposit and a ten square mile project area. The website
also lures with words like ‘Carlin-type deposit’, invoking Nevada’s famous gold producing Carlin Trend. More ominous, it talks of microscopic gold which can only be recovered by open-pit cyanide heap-leach methods.
Sugo seems to use the same wording... i wouldn't be amazed when it goes again with a flush.
GLTA
A NI 43-101 without any Drilling?
did i miss the Drilling Report?
BTW how much Mining Experience does the CEO have, or did he hire a prof. Miner lately? How about some Drilling or Mining Equiptment in general, i can't find anything in the 10Q's or K's...
Ups, there is a BCSC Cease Trade Order?
Why is still in effect as pointed out in the 10Q?
Isn't it almost the same as the Wells Notice from the SEC?
9. Commitments and Contingencies
In August, 2009, trading in the Company’s stock was temporarily suspended in British Columbia, Canada by the British Columbia Securities Commission (BCSC). The temporary suspension was the result of what the BCSC termed “suspicious trading activity” due to a significant increase in the share price of the Company’s stock price. Various shareholders, and the former CEO and President, Malkeet Bains have been interviewed. To date, no charges of wrongdoing have been made against the Company; however, the BCSC has requested various documents and information as part of the investigation. The Cease Trade Order is still in effect regarding trading in British Columbia, Canada, and the residents thereof.
Sound like a great stock to own...LOL
New TA is Signature Stock Transfer (IBox udpate?)
From the last 10Q:
yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7509369-845-79664&type=sect&dcn=0001437749-10-003453
10. Subsequent Events
On September 24, 2010, the Company entered into a six month Convertible Promissory Note with Asher Enterprises, Inc. in the face amount of twenty seven thousand dollars ($27,000). The note carries interest at a rate of 8% per annum, and is convertible at 60% of the lowest three (3) Trading Prices during the ten (10) Trading Day period ending one Trading Day prior to the date of conversion.
In September 2010, the Company’s Board of Directors determined it was in the best interest of the Company to change transfer agents. The new transfer agent will be Signature Stock Transfer, Inc. of Plano, Texas, and the transition should be completed during October 2010.
How convienient to choose a TA that doesn't give out Informations about the current A/S or O/S...
In September 2010, the Company’s Board of Directors granted Frederick J. Pucillo, Jr., its president, and Erwin Vahlsing, Jr., its CFO 1,500,000 shares each of the Company’s common stock. The shares were granted at a price of $0.10 per share the price the market price at the time of the grant being awarded. The shares will physically be issued upon completion of the change in transfer agents referenced above.
Merry Xmas ....
Did you even read what this Bulgarian Company is offering?
http://geopsbg.com/index.php/2008-09-01-07-29-35.html
Services
Exploratory drilling
Technical wells
Performance drilling
Make-work stroitlno
Performance of motor transport business
Thats just a drilling Company with light equiptment...
just look at the Gallery
Will 0.2 hold
during the run for the Exit's in the last trading hour?
How many will hold this potential hault candidate over night?
Any guesses?
Offer @ 2.50$
and everybody is runnung for the Exit?
whuz happening here?
too many unanswered questions, one already predicted PR too much?
SEC halt and investigation imminent?
If it sounds too good to be true, usualy it is!
Offer @ 2.50$
and everybody is runnung for the Exit?
whuz happening here?
too many unanswered questions, one already predicted PR too much?
SEC halt and investigation imminent?
If it sounds too good to be true, usualy it is!
Green Bridge Industries, Inc. Terminates Licensing Agreement With SpongeTech Delivery Systems, Inc.
RIDGEWOOD, NJ--(Marketwire - May 17, 2010) - Green Bridge Industries, Inc. (PINKSHEETS: GRBG) announced that the Company has terminated its licensing agreement with SpongeTech Delivery Systems, Inc. dated July 14, 2009.
Green Bridge's focus over the next 12 months is to strengthen the Company's market share in the multi-billion dollar "green" industry with a focus on acquiring environmentally friendly products, media related assets and technologies. Green Bridge is implementing several strategies to accomplish this goal. The Company is working towards the national launch of its product lines as it continues to strengthen its distribution channels. In addition, Green Bridge has plans to continue building market awareness for the Company and its products, attracting key employees and building its sales and distribution network.
About Green Bridge Industries, Inc.:
Green Bridge Industries, Inc. offers non-toxic, environmentally friendly cleaning products to fit the sanitation needs of the medical, agricultural, military, and retail markets. The Company, through its proprietary technology, has the ability to develop bio-renewable alternative cleaning products, which are superior to the synthetic products currently offered in the marketplace. The Company's products are safe for the surfaces it cleans, the environment, animals and humans. For more information on Green Bridge Industries, visit: http://www.greenbridgeindustries.com/.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
http://www.marketwire.com/press-release/Green-Bridge-Industries-Inc-Terminates-Licensing-Agreement-With-SpongeTech-Delivery-1261842.htm
Buy or sell???
Grey Market
matched orders
every sell requires a buy, without a buyer you won't be able to sell. Same visa versa
I would think, right from somebody who knows the true O/S number -> the TRANSFER AGENT...
Maybe this will give you a better idea what Scam Artist are doing while they are under a SEC Investigation:
FINRA Fines Five Firms $385,000 for Sale of Unregistered Securities, Other Violations Relating to Penny Stocks
http://www.earthtimes.org/articles/show/finra-fines-five-firms-385000,1268990.shtml
WASHINGTON - (Business Wire) The Financial Industry Regulatory Authority (FINRA) announced today that it has fined five broker-dealers a total of $385,000 for the illegal sale of more than 8 billion shares of penny stock on behalf of their customers. Most of those illegal sales involved one penny stock company, Universal Express Inc. Together, the five firms sold more than 7.5 billion shares of that company’s unregistered stock, for proceeds of approximately $8.4 million.
Further, the firms failed to take appropriate steps to determine whether the securities could be sold without violating federal registration requirements – despite certain red flags indicating that illegal stock distributions might be taking place, including a major enforcement action by the Securities and Exchange Commission (SEC) involving Universal Express’s unregistered stock.
The firms are Fagenson & Co., Inc., of New York, which reported earning $44,000 in commissions from the sale of unregistered Universal Express stock and was fined $165,000; RBC Capital Markets Corporation, of New York, which earned $68,000 in commissions and was fined $135,000; Alpine Securities Corporation, of Salt Lake City, which earned $47,000 in commissions and was fined $40,000; Equity Station, Inc., of Boca Raton, which earned $13,575 in commissions and was fined $25,000; and, Olympus Securities, LLC., of Montville, NJ, which earned $5,200 in commissions and was fined $20,000.
“Brokerage firms are the first line of defense when it comes to preventing the illegal distribution of unregistered securities into the public markets,” said James S. Shorris, FINRA Executive Vice President and Executive Director of Enforcement. “The failure to detect and prevent these sales creates serious risks to the unsuspecting customers who purchased these unregistered securities.”
FINRA found that in each instance, the firms’ customers deposited large blocks of thinly traded securities in certificate form and then immediately liquidated those positions. The firm executed these sales despite the fact that the SEC had filed a complaint in early 2004 alleging that Universal Express had issued more than 500 million shares of unregistered stock for distribution to the public and charging Universal’s CEO and others with issuing a series of false press releases and other false and misleading statements to promote the sale of that unregistered stock. In early 2007, a federal court ruling enjoined Universal Express from further violations of the securities laws. Ultimately, Universal Express was ordered to disgorge nearly $12 million in ill gotten gains and interest, as well as nearly $10 million in fines.
The five firms nonetheless executed most of the illegal sales of Universal Express unregistered stock either after the SEC commenced its suit or after it had prevailed in its enforcement action.
In addition, FINRA found that four of the five firms – Fagenson & Co., RBC Capital Markets, Alpine Securities and Olympus Securities – failed to establish, maintain and enforce a reasonable supervisory system designed to prevent the sale of unregistered stock.
Fagenson & Co. – FINRA found that from March 2007 through May 2008, Fagenson & Co. executed customer sell orders for approximately 1.3 billion unregistered shares of Universal Express, as well as executing sell orders for unregistered shares of at least nine other issuers. Firm customers were permitted to deposit large blocks of unregistered shares in certificate form and immediately liquidate the positions. Total net proceeds to customers from the sale of Universal Express stock exceeded $690,000, while total net proceeds from the sale of the other issuers’ securities were over $11 million. Further, the firm failed to develop and implement a reasonable anti-money laundering compliance program and failed to detect and report the suspicious activities of its customers who engaged in these transactions.
RBC Capital Markets Corporation – FINRA found that from June 2006 through October 2007, RBC Capital Markets and a predecessor entity, Carlin Equities LLC, executed customer sell orders for nearly 2.5 billion unregistered shares of eight issuers, including over two billion shares of unregistered Universal Express stock. Customers were permitted to deposit large blocks of unregistered shares in certificate form and immediately liquidate the positions, for total net proceeds to customers of approximately $2.7 million.
Alpine Securities Corp. – FINRA found that from July 2006 through July 2007, Alpine Securities executed customers’ sale orders of approximately 2.1 billion unregistered shares of Universal Express stock. Customers were permitted to deposit large blocks of unregistered shares in certificate form and immediately liquidate the positions, for total net proceeds to customers of approximately $2.7 million.
Equity Station, Inc. – FINRA found that from December 2005 through June 2007, Equity Station executed customer sell orders for nearly two billion unregistered shares of Universal Express stock. Customers were permitted to deposit large blocks of unregistered shares in certificate form and immediately liquidate the positions for total net proceeds to customers of approximately $2.5 million.
Olympus Securities, LLC – FINRA found that in December 2004 and from December 2006 through March 2007, Olympus Securities executed customer sell orders for more than 92 million unregistered shares of Universal Express stock. Customers were permitted to deposit large blocks of unregistered shares in certificate form and immediately liquidate the positions for total net proceeds to customers of approximately $198,000.
In settling these matters, the firms neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
Last year, FINRA issued Regulatory Notice 09-05, Unregistered Resales of Restricted Securities, reminding firms and brokers of their obligations to determine whether securities are eligible for public sale before participating in what may be illegal distributions. It also discusses the importance of recognizing red flags of possible illegal, unregistered distributions and reiterates firms' obligations to conduct searching inquiries in certain circumstances to avoid participating in illegal distributions.
Investors can obtain more information about, and the disciplinary record of, any FINRA-registered broker or brokerage firm by using FINRA's BrokerCheck. FINRA makes BrokerCheck available at no charge. In 2009, members of the public used this service to conduct 18.5 million reviews of broker or firm records. Investors can access BrokerCheck at www.finra.org/brokercheck or by calling (800) 289-9999.
FINRA is the largest non-governmental regulator for all securities firms doing business in the United States. FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. FINRA touches virtually every aspect of the securities business – from registering and educating all industry participants to examining securities firms, writing and enforcing rules and the federal securities laws, informing and educating the investing public, providing trade reporting and other industry utilities, and administering the largest dispute resolution forum for investors and registered firms. For more information, please visit our Web site at www.finra.org.
Financial Industry Regulatory Authority (FINRA)
Nancy Condon, 202-728-8379
or
Herb Perone, 202-728-8464
The SEC's Division of Enforcement alleges that despite these and other suspicious activities of their customers, the accused Leeb representatives and supervisors ignored their obligation to report the possible misconduct to authorities. Such disregard of the firm's reporting requirements under the Bank Secrecy Act enabled Leeb's customer activity, and the commissions it generated, to continue unfettered. And the public was exposed to repeated risk of unlawful distributions of penny stocks.
A hearing will be scheduled before an administrative law judge to determine whether the accused individuals committed the alleged violations and provide them an opportunity to defend the allegations. The hearing also will determine what sanctions, if any, are appropriate in the public interest.
# # #
For more information about this enforcement action, contact:
Bruce Karpati
Co-Chief of Asset Management Unit, SEC Division of Enforcement
(212) 336-0104
Stephanie Shuler
Assistant Director, SEC's New York Regional Office
(212) 336-0166
David Stoelting
Senior Trial Counsel
(212) 336-0174
GLTA
Shame on you NY Islanders for stiffing a charity foundation if true!!
Even if it's true (highly unlikely but maybe possible) does it justify to hand a bad check in order to make the Ad's payments as outlined in the filed court doc?
Is there any good reason to handout a bad check at all?
What you have so far is a filed court doc that shows an 90k check drawn on a closed RME account was handed to the Islanders by SM vs. an Email were SM tells a stuckholder that the Islanders owe SPNG money because they didn't pay the charity foundation...
Does that justify the hot check???
LAWSUIT AGAINST YAHOO GOT THROWN OUT FOR NON-APPEARANCE
http://iapps.courts.state.ny.us/iscroll/C_PDF?CatID=577421&CID=116808-2009&FName=1
What Lawsuit are you guys talking about?
Has this so called "Document" been filed with a court anywhere?
If though, WHY is there is NO docket assignment, NO judge and NO court clerk stamp anywhere in the entire "scan"?