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.
Subject: Harley Davidson
Arthur Davidson, the inventor of the Harley-Davidson motorcycle, died
and went to heaven. At the gates, St. Peter told Arthur, "Since you've
been such a good man and your motorcycles have changed the world, your
reward is, you can hang out with anyone you want in Heaven."
Arthur thought about it for a moment, then said, "I want to hang out
with God."
St. Peter took Arthur to the Throne Room and introduced him to God.
God recognized Arthur and commented, "Okay, so you were the one who
invented the Harley Davidson motorcycle?"
Arthur said, "Yep, that's me." God said, "Well, what's the big deal in
inventing something that's pretty unstable, makes noise and pollution
and can't run without a road?"
Arthur was apparently embarrassed, but finally he said, "Excuse me,
but aren't You the inventor of woman?"
God said, "Yes."
"Well," said Arthur, "professional to professional, you have some
major design flaws in your invention:
1. There's too much inconsistency in the front-end protrusions;
2. It chatters constantly at high speeds;
3. Most of the rear ends are too soft and wobble too much;
4. The intake is placed way too close to the exhaust;
5. And the maintenance costs are enormous!"
"Hmmmmm, you have some good points there," replied God, "hold on."
God went to His Celestial super computer, typed in a few words and
waited for the results. The computer printed out a slip of paper and God
read it.
"Well, it may be true that my invention is flawed," God said to Arthur,
"but according to these numbers, more men are riding my invention than
yours"
Simple explanation. FRAUD
Defamation suit tests online anonymity
Two Yale law students file suit against online message board, including subpoenas for 28 anonymous posters.
By Reuters
Published: June 17, 2007, 11:43 PM PDT
TalkBackE-mailPrint del.icio.us Digg this
It bills itself as the world's "most prestigious college discussion board," giving a glimpse into law school admissions policies, post-graduate social networking and the hiring practices of major law firms.
But the AudoAdmit site, widely used by law students for information on schools and firms, is also known as a venue for racist and sexist remarks and career-damaging rumors.
Now it's at the heart of a defamation lawsuit that legal experts say could test the anonymity of the Internet.
After facing lewd comments and threats by posters, two women at Yale Law School filed a suit on June 8 in U.S. District Court in New Haven, Conn., that includes subpoenas for 28 anonymous users of the site, which has generated more than 7 million posts since 2004.
According to court documents, a user on the site named "STANFORDtroll" began a thread in 2005 seeking to warn Yale students about one of the women in the suit, entitled "Stupid Bitch to Enter Yale Law." Another threatened to rape and sodomize her, the documents said.
The plaintiff, a respected Stanford University graduate identified only as "Doe I" in the lawsuit, learned of the Internet attack in the summer of 2005 before moving to Yale in Connecticut. The posts gradually became more menacing.
Some posts made false claims about her academic record and urged users to warn law firms, or accused her of bribing Yale officials to gain admission and of forming a lesbian relationship with a Yale administrator, the court papers said.
The plaintiff said she believes the harassing remarks, which lasted nearly two years, cost her an important summer internship. After interviewing with 16 firms, she received only four call-backs and ultimately had zero offers--a result considered unusual given her qualifications.
Another woman, identified as Doe II, endured similar attacks. The two, who say they suffered substantial "psychological and economic injury," also sued a former manager of the site because he refused to remove disparaging messages. The manager had cited free-speech protections.
"The harassment they were subjected to was quite grotesque," said Brian Leiter, a professor at University of Texas Law School. "Any judge who looks at this is going to be really shocked, and particularly shocked because these appear to be law students."
The suit is being watched closely to see if the posters are unmasked, a step that could make anonymous chat room users more circumspect. It also underlines the growing difficulty of protecting reputations online as the Web is used increasingly to screen prospective employees and romantic partners.
"They can't hide behind anonymity while they are saying these scurrilous and menacing things," said Eugene Volokh, a professor of law at the University of California at Los Angeles.
He said the site was not liable under federal protections that are more lenient on Web sites than TV and newspapers. Prosecuting the manager could also be difficult because he did not write the posts, Volokh added. But the anonymous posters look liable and their careers could be jeopardized, he said.
Now on News.com
Clearer picture for Internet TV?
Dell apologizes for remove-this-blog-post-
or-else nastygram
Getting a charge out of plasma TV
Extra: 25 Web sites to watch "This ought to be a warning to be people that if you say things that are not just rude but arguably libelous and potentially threatening and perhaps actionable on those grounds then their identity might be unmasked," he said.
Finding and identifying the posters--including one called "The Ayatollah of Rock-n-Rollah"--could be tough but is not impossible. The process involves subpoenas issued to Internet service providers for records, and then more subpoenas to companies, institutions or people identified on those records.
"I've said in my blog the most vile posters on that board are two subpoenas away from being outed," said Leiter. "This led to much amusement by the anonymous posters on the board.
"But they are about to find out that this is how it works."
Beb ready to defend your posts!!!
Defamation suit tests online anonymity
Two Yale law students file suit against online message board, including subpoenas for 28 anonymous posters.
By Reuters
Published: June 17, 2007, 11:43 PM PDT
TalkBackE-mailPrint del.icio.us Digg this
It bills itself as the world's "most prestigious college discussion board," giving a glimpse into law school admissions policies, post-graduate social networking and the hiring practices of major law firms.
But the AudoAdmit site, widely used by law students for information on schools and firms, is also known as a venue for racist and sexist remarks and career-damaging rumors.
Now it's at the heart of a defamation lawsuit that legal experts say could test the anonymity of the Internet.
After facing lewd comments and threats by posters, two women at Yale Law School filed a suit on June 8 in U.S. District Court in New Haven, Conn., that includes subpoenas for 28 anonymous users of the site, which has generated more than 7 million posts since 2004.
According to court documents, a user on the site named "STANFORDtroll" began a thread in 2005 seeking to warn Yale students about one of the women in the suit, entitled "Stupid Bitch to Enter Yale Law." Another threatened to rape and sodomize her, the documents said.
The plaintiff, a respected Stanford University graduate identified only as "Doe I" in the lawsuit, learned of the Internet attack in the summer of 2005 before moving to Yale in Connecticut. The posts gradually became more menacing.
Some posts made false claims about her academic record and urged users to warn law firms, or accused her of bribing Yale officials to gain admission and of forming a lesbian relationship with a Yale administrator, the court papers said.
The plaintiff said she believes the harassing remarks, which lasted nearly two years, cost her an important summer internship. After interviewing with 16 firms, she received only four call-backs and ultimately had zero offers--a result considered unusual given her qualifications.
Another woman, identified as Doe II, endured similar attacks. The two, who say they suffered substantial "psychological and economic injury," also sued a former manager of the site because he refused to remove disparaging messages. The manager had cited free-speech protections.
"The harassment they were subjected to was quite grotesque," said Brian Leiter, a professor at University of Texas Law School. "Any judge who looks at this is going to be really shocked, and particularly shocked because these appear to be law students."
The suit is being watched closely to see if the posters are unmasked, a step that could make anonymous chat room users more circumspect. It also underlines the growing difficulty of protecting reputations online as the Web is used increasingly to screen prospective employees and romantic partners.
"They can't hide behind anonymity while they are saying these scurrilous and menacing things," said Eugene Volokh, a professor of law at the University of California at Los Angeles.
He said the site was not liable under federal protections that are more lenient on Web sites than TV and newspapers. Prosecuting the manager could also be difficult because he did not write the posts, Volokh added. But the anonymous posters look liable and their careers could be jeopardized, he said.
Now on News.com
Clearer picture for Internet TV?
Dell apologizes for remove-this-blog-post-
or-else nastygram
Getting a charge out of plasma TV
Extra: 25 Web sites to watch "This ought to be a warning to be people that if you say things that are not just rude but arguably libelous and potentially threatening and perhaps actionable on those grounds then their identity might be unmasked," he said.
Finding and identifying the posters--including one called "The Ayatollah of Rock-n-Rollah"--could be tough but is not impossible. The process involves subpoenas issued to Internet service providers for records, and then more subpoenas to companies, institutions or people identified on those records.
"I've said in my blog the most vile posters on that board are two subpoenas away from being outed," said Leiter. "This led to much amusement by the anonymous posters on the board.
"But they are about to find out that this is how it works."
NewMarket Technology, Inc. Releases Special Update
The Trials and Tribulations of Fulfilling a Vision
Diamond I, Inc. as a Case Study of the Trials and Tribulations Experienced in Fulfilling a Vision
Dear Fellow Shareholders:
NewMarket is a company striving toward an extraordinary vision – to completely change the current landscape of technology research and development. Achieving this vision will empower inventors and pioneers still in the proverbial “garage” to benefit financially from their own inventions more than ever before. Achieving this vision will also provide small investors the opportunity to reap greater financial benefits from their successful inventions.
Of course, extraordinary visions are not achieved overnight and are only possible through passion and commitment. Extraordinary visions are also not achieved without significant trials and tribulations.
Trials and Tribulations Along the Journey to Extraordinary
While NewMarket has made tremendous strides toward its pioneering vision over the past five years, we have also faced notable trials and tribulations and continue to face hurdles even today. But we are also a company that is growing and doing far more than most companies of our size. However, the current trials facing the Company do not compare in magnitude to far more challenging trials faced in the past. Moreover, the Company’s current resources far exceed the resources available to the company when faced with past trials.
Shareholder and Share Price Reaction to Trials and Tribulations
In the wake of an unexpected event (or trial), some shareholders will believe management should have better anticipated the event. Others will be concerned that management can’t overcome the possible challenges or setbacks of the unexpected event. In the aftermath of management scandals such as those at Enron and Tyco, some shareholders will doubt management’s integrity. All of these reactions are likely to result in the sale of stock and some degree of downward share price pressure. Others will believe in management’s integrity and ability to overcome possible challenges or setbacks. To them, downward share price pressure will most likely be viewed as an opportunity to purchase shares they believe to be discounted, in turn, creating share price support. Differences in investment opinions are what makes a market.
NewMarket Frustration, Exploitation and Opportunity
NewMarket shareholders are understandably and justifiably frustrated by the recent trials faced by the Company which has resulted in some shareholders selling stock and negatively impacting the current price per share. Additionally, there are some investors that try to profit from reduced share prices, attempting to exploit the frustrations of shareholders by turning frustration into doubt in management’s integrity. Yet some shareholders, still optimistic about the Company’s ability to realize its vision, are taking advantage of the opportunity to purchase more shares.
Management Resolve and Commitment
I am confident in the available resources of the Company to overcome the current disappointments. I am confident in management’s passion and commitment as well as management’s ability to work through the current trials. I am most confident management’s integrity will prove itself through an ongoing and steadfast commitment to achieving the Company’s vision as we resolve each hurdle encountered along our un-chartered course.
Pioneers in an Unexplored Micro-Cap Territory
NewMarket’s vision of a future research and development landscape incorporates the current and potential strengths of the public micro-cap market while overcoming the weaknesses and challenges of the public micro-cap market. The Over the Counter Bulletin Board Exchange (OTCBB), founded in 1997 with the approval of the SEC, is arguably the leading public micro-cap market in the world. The New York Stock Exchange, on the other hand, has 200 years of history. OTCBB-listed companies are pioneers in the public micro-cap market. As has been the case throughout history, pioneers often find themselves under attack and the targets of skepticism and cynicism.
Hostile Micro-Cap Business Environment
The micro-cap market is a hostile environment. Small companies with small budgets still have expensive regulatory compliance requirements. Companies often find themselves victims of involuntary foreign listings and, subsequently, subject to questionable arbitrage short sales – among other questionable short sale practices. Managers inexperienced with the terms and practices of private investment in public entities (PIPE) frequently do not survive first round investments. The average issued and outstanding of the top 100 most actively traded OTCBB companies borders on one billion shares with an average share price of less than $0.03 while companies with issued and outstanding balances of less than 50 million frequently experience sudden share price spikes in the range of 100 to 1000 percent -- if not more. In all, the hostile environment can be characterized by volatile and erratic share prices and, far too frequently, the short life expectancy of the OTCBB listed operation, even though the listing may survive.
A New Day, A New Way for the Micro-Cap Market
While NewMarket intends to pursue a listing on an upgraded exchange, the micro-cap market will always be an instrumental component of the NewMarket business model. The Company has recently begun to list subsidiary operations on public micro-cap exchanges and will continue to do so. The lessons learned through NewMarket’s experience as a micro-cap listed company will be leveraged, to the benefit of current and future subsidiary operations and the shareholders of those subsidiary operations.
A Sustainable Micro-Cap Business Model
NewMarket is undertaking the construction of a sustainable micro-cap business model. The single issue (one listed stock), triple and quadruple digit return opportunities that sporadically occur on the micro-cap exchanges continue to attract small investors looking for “lottery ticket” returns which are attainable on the OTCBB. Most investors would agree that this is not a prudent or sustainable investment approach. At NewMarket we believe the potential for sustainable and predictable returns on a micro-cap exchange exists through a conglomerate (multiple listed stocks) of micro-cap listed companies that issue stock dividends. A sustainable micro-cap business model is central to NewMarket’s vision.
Shareholder Whiplash in the Search to Understand Volatility
In the hostile micro-cap market, small investors are victimized by insincere issuers and institutional investors far too frequently. As expensive as regulatory compliance has become, the requirements fall short of consistently protecting shareholders. Micro cap investors often experience whiplash in a search for the “real” story behind erratic share price performance. Is it stock shorting? Is it management?
Where is the Independent Research?
Institutional investors, other than PIPE investors, are far and few between in the micro-cap markets. Few pension funds or mutual funds are taking positions today in micro-cap listed companies. Accordingly, little independent research exists to provide small, independent micro-cap investors insight into the micro-cap market let alone any particular micro-cap issue. Several internet micro-cap news agencies are surfacing and beginning to provide coverage of the micro-cap markets. This is a promising evolutionary aspect of the micro-cap markets, but still is in its infancy and is not yet providing adequate coverage to assist in abating shareholder whiplash.
“Radical Transparency” – A New Standard for Issuers
NewMarket is attempting to do its part to keep shareholders informed through extensive communication. Many of you are familiar with NewMarket’s practice of publishing shareholder letters such as the one you are reading now. We also make a practice of presenting regularly in public forums to provide shareholders the opportunity to meet and judge us in person. Wired Magazine recently dedicated an entire issue to what they referred to as “radical transparency” or the increasing tendency of companies, particularly small companies, to communicate more information than what is required by disclosure regulations. “Radical transparency” includes insight into management’s actions, the considerations leading up to those actions and even how some of those actions produced less than optimal results. Some of you appreciate our candor. Others have indicated they wish we would keep more information to ourselves. Unfortunately, those that attempt to profit from declining share prices abuse the candor in an attempt to discredit management and influence shareholders to sell.
“Radical Transparency” Version 2.0
We believe in extensive communications that include the good, the bad and the ugly and as much insight into the considerations leading up to all three. We don’t believe NewMarket has yet found the just right “radical transparency” chord around which to balance shareholder confidence in management’s integrity and capability, with a fair depiction of the risks and opportunities associated with the ongoing pursuit of NewMarket’s vision. We will continue to evolve our communication strategy from the feedback we receive from our shareholders. And we thank you for that feedback.
DMOI – A Case Study in the Un-Chartered Course to Extraordinary
Diamond I, Inc.’s announcement last week that the acquisition agreement with NewMarket had expired was a surprise to both NewMarket shareholders and NewMarket management.
A Sudden Change as the Closing Date Approached
The week before NewMarket had taken action to initiate a Diamond I name change and set a record date for Diamond I shareholders to receive a stock dividend in Diamond’s gaming subsidiary, NewMarket received two official letters from Diamond legal counsel informing us we had no authority to take such action. Our only intent was to assist Diamond in meeting the obligations of the purchase agreement, since Diamond operations are, for all intents and purposes, non-existent. Since executing the purchase agreement, NewMarket has paid Diamond I CEO’s salary and all financial reporting expenses. Diamond I has no income from investment or operations other than the approximately $50,000. NewMarket has advanced since the execution of the agreement. Until the receipt of the two official letters, we were under the impression that all was proceeding forward under mutual agreement.
An Organized Reaction to the Official Letter Rebuke
After several telephone calls on June 1 to discern the nature of the issue behind Diamond’s official letters, a meeting was finally arranged for June 4, with a representative of Diamond I, Inc...Access to David Loflin, the CEO of DMOI, had been very limited for several weeks due to reported personal issues. At the June 4 meeting, Mr. Loflin’s concern regarding the yet undetermined terms of a $1.75 million investment was expressed and a working agreement was discussed and memorialized in a subsequent written communication. On June 7, an extension of the purchase agreement was suggested by Diamond I and NewMarket responded with a written communication to memorialize the extension to include a draft joint press release. Diamond I’s Friday unilateral announcement to the contrary was a total surprise to NewMarket management.
Getting to the Bottom of What Went Wrong
In hindsight, several events were of concern in the six month process to acquire Diamond I in an overall strategy to list NewMarket’s broadband wireless assets publicly. In the six months prior to signing a letter of intent with NewMarket, Diamond’s operations were nearly dormant and the company traded approximately $1.2 million in stock. In the six months since signing the letter of intent with NewMarket, Diamond was able to maintain its OTCBB listing as a result of NewMarket’s $50,000 investment and the company traded approximately $2.5 million in stock, signifying an increase in liquidity. After the letter of intent and during the final negotiations to agree on the acquisition agreement, Diamond I filed an S-8 registration to issue 30 million free trading shares. Even though Diamond was under a letter of intent and in final negotiations with NewMarket on an acquisition agreement, Diamond did not consult or even inform NewMarket of its intention to file the S-8 registration. Days before Diamond’s unilateral announcement of the expiration of the agreement, a Diamond board member filed his intention to sell stock. NewMarket is currently maintaining a “benefit of the doubt” position in light of Diamond’s actions, but has not yet received an explanation. NewMarket intends to continue to follow up on the breakdown in negotiations with Diamond I in the interest of those NewMarket shareholders that may have purchased Diamond I stock.
Giving Diamond I the Benefit of the Doubt
From shareholder feedback the Company has received, there appears to be some degree of misinformation and miscommunication regarding the breakdown in the transaction between NewMarket and Diamond I. For instance, one shareholder asked why Newmarket backed away from putting a cash investment into Diamond I, and instead offered a convertible security. The question is difficult to answer because it is not clear. It either represents that the individual asking the question does not understand convertible securities (and convertibles can be confusing) or he was told something incorrect. NewMarket never backed off from the cash investment commitment into Diamond I. The breakdown was in finding an agreeable security for Diamond I to give NewMarket and its shareholders in return for the cash investment. NewMarket suggested a convertible security in exchange for the invested cash. NewMarket also suggested several other possible securities. In addition, NewMarket was contributing its wireless broadband assets producing revenue into the transaction with DMOI, further enhancing the future prospects for DMOI and its shareholders. Ultimately, Diamond I rejected or ignored every suggestion.
Communication during the negotiation of the investment was poor, as mentioned above. NewMarket believes, but cannot say for sure, that Diamond expected NMKT to put the investment in for no additional consideration. Explained another way, NewMarket was to purchase control in Diamond in exchange for a “note” – an I.O.U., if you will. This note was referred to as the “dividend note” in the purchase agreement. Additionally, NewMarket committed to invest $2 million dollars in cash above and beyond the note. However, NewMarket expected to receive additional security from Diamond in exchange for the investment – a convertible, more stock or some other form of I.O.U. Again, NewMarket can only guess at Diamond’s expectations and how NewMarket failed to meet those expectations. The CEO of Diamond has so far refused to return any telephone calls to NewMarket over the past week.
NewMarket Broadband Moving on Without Diamond I
While we have not completely ruled out an opportunity with Diamond I, we think at this time it is unlikely. Although it is abundantly clear that the market saw a combination with NewMarket Technology was very beneficial to DMOI and its shareholders, based on the increased market capitalization and liquidity after the initial LOI announcement, our primary objective is to recoup our tangible and intangible investment to date in Diamond I. The only assets proven by customer contracts with revenue were coming from NewMarket. Since the transaction did not come together, NewMarket maintains all those assets. NewMarket remains committed to establishing a publicly listed broadband technology subsidiary. We have in our business development pipeline a number of alternative opportunities through which to achieve a public listing of our broadband assets. We do not anticipate a significant impact to the timing of a dividend of NewMarket Broadband stock to the shareholders of NewMarket.
We at NewMarket appreciate all of our shareholders’ support and patience. We look forward to continuing to build NewMarket and its subsidiaries in both revenues and profitability while minimizing the frustrations that have occurred in our recent past.
Sincerely,
Philip Verges
NewMarket Technology, Inc. 2nd Qtr. Sales Increase in South America With NewMarket Latin America, Inc. Subsidiary Signing $3 Million in New Contracts
Friday June 15, 9:42 am ET
Strong South American Sales Support NewMarket 2007 $30 Million Profitable Revenue Forecast in Region and Company-Wide $120 Million Profitable Revenue Forecast
DALLAS, TX--(MARKET WIRE)--Jun 15, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today announced increased sales in South America. The Company's South American subsidiary, NewMarket Latin America, Inc. (Other OTC:NLAI.PK - News), recently signed $3 million in new contracts in the second quarter, with all revenue from the contracts to be realized in the 2007 fiscal year. The four new contracts are in Brazil and Chile focused on Telecom, Mining, Petroleum and Retail industries.
ADVERTISEMENT
"We have implemented an aggressive sales program for 2007 and are pleased with the recent results," said Aubrey Brown, CEO of NewMarket Latin America, Inc. "We expect continued revenue growth in the second half of the year. The fourth quarter of the year is traditionally our best quarter. Our second quarter sales are consistent with our $30 million profitable revenue objective for 2007."
NewMarket Technology, Inc. has reported rapid revenue growth since 2002. The Company has grown from $1 million in revenue in 2002 to $77.6 million in revenue with over $5 million in net income in 2006. NewMarket expects to reach $120 million in profitable revenue in 2007.
NewMarket Technology, Inc. to Explore Recently Opened Brazilian Wi-Fi Market with Former President of Brazil, Jose Costa Sarney
Trade Mission to Meet with National and Local Governments in Sao Paulo, Curitiba and Capital Brasilia on Launching Municipal Wi-Fi Networks
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT) today announced a business Trade Mission to Brazil to explore municipal Wi-Fi opportunities in the country with national and local government officials in Sao Paulo, Curitiba and the capital Brasilia. Brazil's telecom regulator Anatel recently approved regulations to permit 5,561 Brazilian municipalities to offer Wi-Fi Internet access.
Wi-FI Trade Mission to Brazil
The trade mission, scheduled for June 15-21, 2007, has been organized by NewMarket Latin America, Inc. (OTC:NLAI) Board of Directors Member Frank A. Romanoski and Senior Vice President of Latin American Business Development for NewMarket, Jorge Miguel. The trade mission will be joined by members of NewMarket, NewMarket Latin America and RedMoon, Inc. (RedMoon Broadband).
During the Trade Mission, NewMarket will be meeting with Jose Costa Sarney, the former President of Brazil from 1985-1990. Under President Sarney a new and democratic constitution was passed in 1988, and in the following year the first direct elections since 1960 were held. Mr. Sarney is currently in the Brazilian Senate and has been elected Senate President twice in 1995 and 2003 respectiely.
Additionally, trade mission delegates will be meeting with Paulo Bernardo, Minister of Planning, Budget and Management for Brazil under President Luiz Inacio Lula da Silva and Dr. Flavio Chaves, who is in charge of finance for the governor of the state of Sao Paulo. The state of Sao Paolo contributes approximately one-third of Brazil's GDP.
RedMoon Broadband Municipal Starter Kit and Brazil
Texas-based RedMoon Broadband is a leader in municipal Wi-Fi. RedMoon has designed, engineered and deployed wireless mesh network solutions providing high-speed Internet service, security surveillance, automatic water meter reading and mobile broadband for municipalities. NewMarket recently announced the acquisition of a majority interest in RedMoon Broadband. NewMarket had previously held a minority ownership.
To assist cities in rapidly launching their Wi-Fi networks, RedMoon has created a Municipal Starter Kit, conveniently bundling all that is required to build a secure 2.4 GHz Wi-Fi and 4.9 GHz Public Safety HotZone including SkyPilot mesh nodes, video surveillance cameras, and a complete support system.
Additionally, RedMoon's municipal Wi-Fi infrastructure and services are also being used to support Automatic Meter Reading (AMR) technology to reduce meter reading costs, improve the accuracy of readings, support conservation efforts and raise the level of customer service. Currently RedMoon and Chevron Energy Solutions, a Unit of Chevron Corporation (NYSE:CVX), deliver service through their SkyPilot mesh network to the 23 square mile City of Burleson, Texas, supplying an automatic water metering program to more efficiently track consumption, curb water loss and increase revenues.
Separately, NewMarket Technology and RedMoon Broadband recently announced the signing of a non-binding letter of intent (LOI) to form a partnership with Domos, Ltd. to initiate and develop wireless broadband in Mexico. In this partnership, Domos will leverage its market experience and established infrastructure to help enhance and propel wireless broadband services in Mexico. (news)
NewMarket Latin America
NewMarket Latin America is a regional subsidiary of NewMarket Technology, recently announcing a corporate name change from Paragon Financial Corporation and a corresponding ticker change to reflect the new direction of the company.
Recently added to the NewMarket Latin America Board of Directors, Frank Romanoski is founder of CEFI, a Curitiba-based firm which provides specialized financial consulting services to a wide variety of Brazilian companies. Additionally, he is President and CEO of FR Consultants, a subsidiary of CEFI that is based in Dallas, Texas. Mr. Romanoski is also currently a Director and Associate of Planner Investment Bank based in Sao Paulo, Brazil. Planner is involved in merger and acquisitions and initial public offerings in Brazil's capital markets. Additionally, Mr. Romanoski represents Planner in Dallas, Texas, where he is responsible for international investments, primarily in the Ethanol, Energy (Hydroelectricity, Wind and other alternative sources), and the Environmental Sciences industries.
Senior Vice President of Latin American Business Development for NewMarket, Jorge Miguel, brings many years of Latin American business experience to NewMarket. Mr. Miguel has served in senior level business development and consulting positions between the U.S. and Brazil and the U.S. and Mexico, including President of International Trade of Mexico.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
About RedMoon Broadband (www.redmoonbroadband.com)
Texas-based RedMoon Broadband is a leader in municipal Wi-Fi. RedMoon has designed, engineered and deployed wireless mesh network solutions providing high-speed Internet service, security surveillance, automatic water meter reading and mobile broadband for municipalities.
To assist cities in rapidly and efficiently launching their Wi-Fi networks, the Company has created the RedMoon Starter Kit, which conveniently bundles all that is required to build a secure 2.4 GHz Wi-Fi and 4.9 GHz Public Safety HotZone including SkyPilot mesh nodes, video surveillance cameras, and a complete support system. "The Starter Kits developed in the US should have widespread applicability in Mexico," said Senior Vice President of Latin American Business Development for NewMarket Jorge Miguel.
Currently, RedMoon and Chevron Energy Solutions, a business unit of Chevron Corporation, deliver service through the companies' SkyPilot mesh network to the 10 square mile City of Burleson, Texas, supplying an automatic water metering program to more efficiently track consumption, curb water loss and increase revenues. Automatic Meter Reading (AMR) technology will enable Burleson to reduce meter reading costs, improve the accuracy of readings, support water conservation efforts and raise the level of customer service.
The investor public didn't think losing an intellectual property suit in a court case is good news.
Association of Avastin (bevacizumab) with tracheoesophageal fistula—some fatal—has been reported in clinical trials of lung and esophageal cancer
This foundation is remarkable in that it has exactly 50 mekmbers of it's Board of Directors. While each member is from a well known company why do lawyers need so many to keep oversighjt of their actions.
While an interesting item I suspect that too many cooks will muddy the broth.
WASHINGTON -(Dow Jones)- The Securities and Exchange Commission announced it will meet next Wednesday to vote on finalizing changes to rules intended to curb manipulative short selling, including short sales made before public securities offerings.
Most of the changes being considered by the SEC were proposed in December and require a second vote by the five-member commission to take effect. One proposal would amend the SEC's Regulation SHO governing short sales to close a loophole that shielded some market participants from stricter requirements on closing out previously existing longstanding short positions. The protective "grandfather" treatment proved controversial and critics say it has undermined efforts to combat short-selling abuses.
The SEC also plans to vote on finalizing a proposal that would prohibit anyone who sells short a security in advance of an offering from purchasing the security in the offering. SEC officials say such an approach would help prevent manipulative short selling around an offering. Additionally, the SEC said it will consider whether to re-propose, rather than finalize, changes targeting the application of Regulation SHO to options market makers.
Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to curb abuses including so-called "naked" short sales, in which short sellers don't borrow securities they sell, a practice some view as akin to counterfeiting.
The rule, which took effect in 2005, imposed stricter requirements on locating and delivering shares that are sold short but excluded some previous short positions through a "grandfather" clause.
The Duck & the Lawyer
A big city lawyer went duck hunting in rural Tennessee. He shot and
dropped a bird, but it fell into a farmer's field on the other side of a
fence.
As the lawyer climbed over the fence, an elderly farmer drove up on his
tractor and asked him what he was doing.
The litigator responded, "I shot a duck and it fell in this field, and
now I'm going to retrieve it."
The old farmer replied, "This is my property, and you are not coming
over here."
The indignant lawyer said, "I am one of the best trial attorneys in the
United States and, if you don't let me get that duck, I'll sue you and
take everything you own."
The old farmer smiled and said, "Apparently, you don't know how we
settle disputes in Tennessee. We settle small disagreements like this;
with the 'Three Kick Rule.'"
The lawyer asked, "What is the 'Three Kick Rule'?"
The Farmer replied, "Well, because the dispute occurs on my land, I get
to go first. I kick you three times and then you kick me three times and
so on back and forth until someone gives up."
The attorney quickly thought about the proposed contest and decided that
he could easily take the old codger. He agreed to abide by the local
custom.
The old farmer slowly climbed down from the tractor and walked up to the
attorney.
His first kick planted the toe of his heavy steel toed work boot into
the lawyer's groin and dropped him to his knees.
His second kick to the midriff sent the lawyer's last meal gushing from
his mouth.
The lawyer was on all fours when the farmer's third kick to his rear
end, sent him face-first into a fresh cow pie.
The lawyer summoned every bit of his will and managed to get to his
feet.
Wiping his face with the arm of his jacket, he said, "O'kay, you old
fart. Now it's my turn."
(I love this part)
The old farmer smiled and said, "Nah, I give up. You can have the duck."
A man takes the day off work and decides to go out golfing. He is on the second hole when he notices a frog sitting next to the green. He thinks nothing of it and is
about to shoot when he
hears, Ribbit 9 Iron."
The man looks around and doesn't
see anyone. Again, he hears, "Ribbit 9 Iron." He looks at the frog and decides to
prove the frog wrong, puts the club away, and grabs a 9 iron.
Boom! He hits it 10 inches from the
cup. He is shocked. He says to the frog, "Wow that's amazing.
You must be a lucky frog, eh?
The frog replies, "Ribbit Lucky frog." The man decides to take the frog with him to the next hole.
"What do you think frog?" the
man asks. "Ribbit 3 wood."
The guy takes out a 3 wood and, Boom! Hole in one. The
man is befuddled and doesn't know
what to say. By the end
of the day, the man golfed the
best game of golf in his life and asks the frog, "OK where to next?" The frog replies, "Ribbit Las Vegas ...
" They go to Las Vegas and the guy says, "OK frog, now what?" The frog says, "Ribbit Roulette." Upon approaching the roulette table, The man
asks, "What do you think I should bet?" The frog replies, "Ribbit $3000, black 6."
Now, this is a million-to-one shot to win, but after the golf game the man
figures what the heck.
Boom! Tons of cash comes sliding back across the table.
The man takes his winnings and buys the best room in the hotel. He sits the frog down and says, "Frog, I don't know how to repay you. You've won me all this money and I am forever grateful."
The frog replies,
"Ribbit KissMe." He figures why not,
since after all the frog did for him, he deserves it. With a kiss, the frog turns into a gorgeous 15-year-old girl. "And that,
your honor, is how the girl
ended up in my room. So help me God
or my name is not William Jefferson Clinton."
The origination of this letter is unknown, but it brings
good luck to everyone who passes it on. The one who breaks the
chain will have bad luck. Do
not keep this. Do not send money. Just forward it to five of your friends to whom you wish good luck. You will see that something good happens to you four MINUTES
from now if the chain is not broken
YOU WILL RECEIVE GOOD LUCK IN
FOUR MINUTES
Phase I Results for ImClone Pipeline Anti-IGF-1R Monoclonal Antibody IMC-A12 Presented at ASCO
-- Fully human IgG1 monoclonal antibody is well tolerated -- Four of 11 evaluable patients with advanced solid tumors show stable disease
Last Update: 2:07 PM ET Jun 5, 2007
NEW YORK, Jun 05, 2007 (BUSINESS WIRE) -- First-in-human results for IMC-A12, a monoclonal antibody developed by ImClone Systems Incorporated (IMCL : ImClone Systems Inc
News , chart , profile , more
Last: 40.12+0.68+1.72%
3:31pm 06/06/2007
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
IMCL40.12, +0.68, +1.7%) and targeted to IGF-1R (insulin-like growth factor type 1 receptor), were presented at the annual meeting of the American Society of Clinical Oncology in Chicago. The IGF-IR is expressed on the cell surface of must human cancers and transmits signals that lead to tumor cell growth and proliferation, and inhibition of programmed cell death. Aberrant expression of the IGF-IR has been implicated in tumorigenesis and the development of tumor resistance to chemotherapy, hormonal therapies, and targeted therapies. IMC-A12 was well tolerated and showed activity in patients with advanced solid tumors.
Like its marketed product ERBITUX(R) (cetuximab), the monoclonal antibodies in the ImClone pipeline are all type 1 immunoglobulin G (IgG1) antibodies. In vitro, IgG1 antibodies elicit antibody-dependent cellular cytotoxicity (ADCC), which can kill cancer cells and may contribute to their overall therapeutic effects. These novel antibodies target cell surface receptors in various signaling pathways known or believed to play important roles in the growth and proliferation of tumors or tumor vasculature. Specific targets include insulin-like growth factor-1 receptor (IGF-1R), vascular endothelial growth factor receptor-1 (VEGFR-1), VEGFR-2, VEGFR-3, platelet-derived growth factor receptor alpha (PDGFR(alpha)), FMS-like tyrosine kinase 3 receptor (FLT3), fibroblast growth factor receptor 3 (FGFR3), among others.
"Our pipeline consists of a robust collection of IgG1 monoclonal antibodies targeted against cellular pathways that are emerging as critical drivers of cancer growth, proliferation, and survival," said Eric Rowinsky, M.D., Chief Medical Officer and Senior Vice President of ImClone Systems. "With ERBITUX as our cornerstone, we are uniquely positioned to drive the science that will lead to new therapies of major clinical impact. As for IMC-A12, this first-in-human study paves the way for a wide range of activity finding studies many of which will begin over the next several months in a broad range of tumor types."
"We are extremely excited by our extensive pipeline of novel antibodies," said Alexander J. Denner, Ph.D., Chairman of ImClone System's Executive Committee. "The depth of our pipeline will allow us the flexibility to evaluate the potential of these antibodies to improve current standards of care as well as in novel combinations that may define new therapies to improve patient care."
The Secret Finally Reveald-How The Pyramids Were Built
Now comes a retired construction worker in Michigan with a simple and completely plausible answer. This video clipping is pretty impressive. Turn on your speakers and click on the link below:
http://www.youtube.co/watch?v=lRRDzFROMx0
The Secret Revealed-How The Pyramids Were Built
Now comes a retired construction worker in Michigan with a simple and completely plausible answer. This video clipping is pretty impressive. Turn on your speakers and click on the link below:
http://www.youtube.co/watch?v=lRRDzFROMx0
That may be true in real life but ina jokers life its not a requirement.
Good stuff for a Monday morning.
Subject: UPS aircraft pilot - gripe sheet
Even if you don’t fly, here’s a chuckle….
Ø Subject: UPS aircraft pilot - gripe sheet UPS.....
Just in case you need a laugh: Remember it takes a college degree to fly a plane, but only a high school diploma to fix one. Reassurance for those of us who fly routinely in our jobs.
After every flight, UPS pilots fill out a form, called a "gripe sheet," which tells mechanics about problems with the aircraft. The mechanics >correct the problems, document their repairs on the form, and then pilots review the gripe sheets before the next flight. Never let it be said that ground crews lack a sense of humor. Here are some actual maintenance complaints submitted by UPS pilots (marked with a P) and the solutions recorded (marked with an S) by maintenance engineers. By the way, UPS is the only major airline that has never, ever, had an accident.
P: Left inside main tire almost needs replacement.
S: Almost replaced left inside main tire. Ø Ø P: Test flight OK, except auto-land very rough.
S: Auto-land not installed on this aircraft.
P: Something loose in cockpit
S: Something tightened in cockpit
P: Dead bugs on windshield.
S: Live bugs on back-order.
P: Autopilot in altitude-hold mode produces a 200 feet per minute descent.
S: Cannot reproduce problem on ground.
P: Evidence of leak on right main landing gear.
S: Evidence removed.
P: DME volume unbelievably loud.
S: DME volume set to more believable level.
P: Friction locks cause throttle levers to stick.
S: That's what friction locks are for.
P: IFF inoperative in OFF mode.
S: IFF always inoperative in OF F mode.
P: Suspected crack in windshield.
S: Suspect you're right.
P: Number 3 engine missing.
S: Engine found on right wing after brief search.
P: Aircraft handles funny. > S: Aircraft warned to: straighten up, fly right, and be serious.
P: Target radar hums.
S: Reprogrammed target radar with lyrics.
P: Mouse in cockpit.
S: Cat installed.
And the best one for last..................
P: Noise coming from under instrument panel. Sounds like a midget pounding on something with a hammer.
S: Took hammer away from midget.
While watching a football game a couple weeks back, my wife and I were
discussing life and death. I told her, "Just so you know, I never want
to live in a vegetative state, dependent on some machine and fluids
from a bottle. If that ever happens, just pull the plug."
She promptly got up, unplugged the TV and threw out all my beer.
Some days I hate being married to a smartass
ImClone Systems to Host Investor Reception on June 5, 2007 Following a Clinical Science Symposium Session about EGFR as a Therapeutic Target in GI Malignancy
Friday June 1, 1:10 pm ET
NEW YORK--(BUSINESS WIRE)--ImClone Systems Incorporated (NASDAQ: IMCL - News) announced today that the Company will host an investor reception on Tuesday, June 5, 2007 from 3:45 P.M. to 5:00 P.M. Central Time in the Conference Center, Room 11A at the Hyatt Regency McCormick Place Hotel (2233 South Martin Luther King Drive, Chicago, IL) following the conclusion of the 2007 Annual Meeting of the American Society of Clinical Oncology (ASCO).
The investor reception follows an ASCO clinical science symposium session on June 5, 2007 entitled, "The Epidermal Growth Factor Receptor as a Therapeutic Target in Gastrointestinal Malignancy." ImClone's targeted cancer therapy ERBITUX® (cetuximab) will be highlighted in four (4) presentations to be delivered during the symposium. The ERBITUX presentations during the symposium will be:
Randomized phase III study of irinotecan and 5 FU/FA with or without cetuximab in the first-line treatment of patients with metastatic colorectal cancer (mCRC): The CRYSTAL trial from 11:00 AM to 11:15 AM.
EGFR, HER2 and Kras as predictive factors for cetuximab sensitivity in colorectal cancer, 11:15 AM to 11:30 AM.
Quality of life in patients with advanced colorectal cancer treated with cetuximab: Results of the NCIC CTG and AGITG CO.17 trial, 11:45 AM to 12:00 PM.
Impact on quality of life of adding cetuximab to irinotecan in patients who have failed prior oxaliplatin-based therapy: The EPIC trial, 12:00 PM to 12:15 PM.
Members of the ImClone Systems' management team will be available during the reception to discuss questions regarding the data that was presented on ERBITUX (cetuximab) and the Company's pipeline during the ASCO meeting.
Dear Tech Support:
Last year I upgraded from Girlfriend 7.0 to Wife 1.0. I soon noticed that the new program began unexpected child processing that took up a lot of space and valuable resources. In addition, Wife 1.0 installed itself into all other programs and now monitors all other system>activity. Applications such as Poker Night 10.3, Football 5.0, Hunting and Fishing 7.5, and Racing 3.6 no longer run, crashing the system whenever selected.
I can't seem to keep Wife 1.0 in the background while attempting to run my favorite applications. I'm thinking about going back to Girlfriend 7.0, but the uninstall doesn't work on Wife 1.0. Please help! Thanks, A Troubled User.
Dear Troubled User:
This is a very common problem that men complain about. Many people upgrade from Girlfriend 7.0 to Wife 1.0, thinking that it is just a Utilities and Entertainment program. Wife 1.0 is an OPERATING SYSTEM and is designed by its Creator to run EVERYTHING!!! It is also impossible to delete Wife 1.0 and to return to Girlfriend 7.0. It is impossible to uninstall, or purge the program files from the system once installed.
You cannot go back to Girlfriend 7.0 because Wife 1.0 is designed to not allow this. (Look in your Wife 1.0 manual under Warnings-Alimony-Child Support.) I recommend that you keep Wife 1.0 and work on improving the situation! I suggest installing the background application "Yes Dear" to alleviate software augmentation. The best course of action is to enter the command C:\APOLOGIZE because ultimately you will have to give the APOLOGIZE command before the system will return to normal anyway.
Wife 1.0 is a great program, but it tends to be very high maintenance. Wife 1.0 comes with several support programs, such as Clean and Sweep 3.0, Cook It 1.5 and Do Bills 4.2. However, be very careful how you use these programs. Improper use will cause the system to launch the program Nag, Nag 9.5. Once this happens, the only way to improve the performance of Wife 1.0 is to purchase additional software. I recommend Flowers 2.1 and Diamonds 5.0!
WARNING!!! DO NOT, under any circumstances, install Secretary With Short Skirt 3.3. This application is not supported by Wife 1.0 and will cause irreversible damage to the operating system.
This email was cleaned by emailStripper, available for free from http://www.papercut.biz/emailStripper.htm
He's done this before. Why?? It influences only a few newbie dummies. Through ownership of 99+% of the Class C shares with the only voting rights of any class of stock he can dictate the course of this supposed public company.
Thanks for your post. Seems as time passes the GIVEN ship keweps getting faster and faster. Sopon we should have a full head of steam in our boiler room.
Source: ImClone Systems Incorporated
ImClone Systems Appoints Jules Haimovitz to Board of Directors
Thursday May 10, 8:58 pm ET
Andrew G. Bodnar Resigns from the Board of Directors
NEW YORK--(BUSINESS WIRE)--ImClone Systems Incorporated (NASDAQ: IMCL - News) announced today that Jules Haimovitz has been appointed a director by the Company's Board of Directors (the "Board"), effective as of May 10, 2007. Mr. Haimovitz will serve as the Chairman of the Audit Committee of the Board. The Company also announced that on May 7, 2007, Andrew G. Bodnar resigned as a director of the Company.
ADVERTISEMENT
"We are very pleased that Jules Haimovitz has joined ImClone's Board of Directors. ImClone will benefit both from his executive talents and from his experience in managing various creativity-based businesses," said Alexander J. Denner, Ph.D., Chairman of ImClone Systems' Executive Committee. Dr. Denner further stated, "We would also like to thank Andrew Bodnar for his dedicated years of service to the Company. Dr. Bodnar made valuable contributions during his tenure as a director. We wish him well in the future."
Since July 2002, Mr. Haimovitz has served as Vice Chairman and Managing Partner of Dick Clark Productions Inc., a producer of programming for television, cable networks and syndicators. From June 1999 to July 2004, Mr. Haimovitz served in various capacities at Metro Goldwyn Mayer Inc., including President of MGM Networks Inc., a wholly-owned subsidiary, Executive Consultant to the CEO, and Chair of the Library Task Force. From July 1997 to February 1999, he served as President and Chief Operating Officer of King World Productions, Inc., a worldwide distributor of first-run programming. Mr. Haimovitz has also served in executive positions at Diva Systems Corporation, ITC Entertainment Group, Spelling Entertainment Inc. and Viacom Inc. Mr. Haimovitz currently serves on the Board of Directors of Blockbuster, Infospace, Inc., TVN Entertainment and GNet Productions. A native New Yorker, now living in California, Mr. Haimovitz holds a dual B.A. degree in Mathematics and Communications, as well as an M.A. degree in Mathematics from Brooklyn College.
I'll opt fpor neoither. Instead I'll ignore you for the crude ba---rd you are.
Reading of this report shows that marketiung baloney is the major topic. This just continues thelong tradition this company has for generating fluff!!!Perhaps the increased marketing activity referred to working off the backlog on qualified leads developed by the $1M+ RSNA shows of the past few years????
FONAR Announces Third Quarter and Nine-Month Financial Results for Fiscal 2007
MELVILLE, NEW YORK, May 11, 2007 - FONAR Corporation (NASDAQ-FONRD), The
Inventor of MR Scanning(TM), announced its financial results for the third
quarter of fiscal 2007, which ended March 31, 2007.
For the nine-month period ended March 31, 2007, we reported a net loss of
$17.0 million on revenues of $24.2 million as compared to net loss of $21.0
million on revenues of $27.8 million for the nine-month period ended March 31,
2006.
For the three month period ended March 31, 2007 we reported a net loss of
$5.4 million on revenues of $8.8 million as compared to net loss of $7.4 million
on revenues of $7.1 million for the three-month period ended March 31, 2006.
Net loss and revenue for the quarter ending March 31, 2007 as compared to
the quarter ended March 31, 2006. Net losses improved by 26.6%, ($5.4 million)
as compared to ($7.4 million), on a revenue increase of 23.6% to $8.8 million
from $7.1 million. Particularly noteworthy was that the revenues for the quarter
ending March 31, 2007 accounted for 36.2% of the revenues of the nine-month
period ending March 31, 2007.
There was recent increased sales activity which management believes is
attributable to a general increase in the utilization of MRI and the increase in
demand for UPRIGHT(TM) MRI scans, and the reduction of uncertainty of the impact
of the Deficit Reduction Act ("DRA"). A recent survey of FONAR UPRIGHT(TM) MRI
customers shows the DRA has not had a substantial impact on revenues and has
been more than offset by an increase in utilization of MRI and the UPRIGHT(TM)
imaging technology.
During the third fiscal 2007 quarter, total product sale revenues were $3.2
million, an increase of 91% from $1.7 million one year earlier. The nine-month
total product sales for the quarter ending March 31, 2007 was $7.8 million as
compared to $10.0 million for the same period one year earlier.
Service and repair revenues for the third fiscal 2007 quarter increased 10%
to $2.6 million from $2.3 million during the same quarter of fiscal 2006. For
the nine-month period ending March 31, 2007 there was a 18% increase to $7.5
million from $6.3 million for the same period one year earlier. These increases
are due to the result and initiation of service contract agreements from recent
installations of FONAR UPRIGHT (TM) Multi- Position(TM) MRI units.
During the third fiscal quarter total costs related to service and repair
fees were $1.3 million as compared to $1.4 million one year earlier. Also for
the nine-month period total costs related to service and repair fees were $3.9
million as compared to $4.2 million one year earlier. As of March 31, 2007,
there were 118 FONAR UPRIGHT(TM) Multi-Position(TM) MRI units installed
worldwide.
At March 31, 2007, total assets were $48.5 million, total current assets
were $30.2 million, total cash and marketable securities were $5.8 million,
total current liabilities were $29.2 million, and total long-term liabilities
were $1.3 million.
Dr. Raymond Damadian, president and chairman of FONAR, said, "the future of
UPRIGHT(TM) Multi-Position(TM) Full Range of Motion(TM) MRI is more exciting
than ever. Unique medical applications for UPRIGHT(TM) Multi-Position(TM)
imaging arise continuously. A very important example is FONAR's new development
of scanning protocols for scoliosis. According to a National Cancer Institute
study published in 2000, women with scoliosis have a 90% higher incidence of
developing breast cancer than non-scoliotic women, the apparent cause being the
repeated multiple chest X-rays over many years required for scoliosis treatment
and treatment monitoring. Upright, full weight-bearing chest X-rays are
mandatory to evaluate scoliosis. UPRIGHT(TM) MRI meets the scoliosis need for
upright imaging without the radiation and without the risk of engendering breast
cancers. The estimated number of children in North America with scoliosis is 1.5
million, a number which does not include scoliosis patients above age 18, which
raise the number with scoliosis to 3.0 million."
MRI scans for the detection of silicone breast implant leaks is another new
application of UPRIGHT(TM) MRI," continued Dr. Damadian. "Silicon implants for
breast augmentation were only recently reinstated by the FDA in November 2006.
The FDA recommends that MRI scans be performed for leakage detection at year 1
and year 2, and alternate years thereafter for 8 more years. Cosmetic surgeons
deem it important that these scans be done upright to optimize the detection of
implant leaks. Pooling of implant material when the breast is gravity-dependent
and pendant is perceived to be the most sensitive means for image detection of
leakage. There is concern that when the breast is recumbent redistribution of
leakage material may undermine detection. There are currently in excess of 1.65
million women in the U.S. with breast implants. Under the new FDA leakage
monitoring recommendations, 1.65 million women would require MRI examinations
annually for each of the first two years and then every other year thereafter."
"The current installed base of FONAR UPRIGHT(TM) MRI scanners (118)
operating at maximum capacity," added Dr. Damadian, "can accomplish only 614,000
of the needed 1.65 million MRI scans in each of the first two years recommended
by the FDA and of the needed 1.65 million scans on alternate years thereafter,
even if these scanners were performing MRI breast examinations exclusively."
"Whiplash injuries of the neck also require UPRIGHT(TM) Multi- Position(TM)
Full Range of Motion(TM) evaluation of the disks, ligaments, neck musculature,
vertebra and spinal cord for a satisfactory assessment of the neck injury," said
Dr. Damadian. "There are currently 1,000,000 motor vehicle whiplash injuries of
the neck occurring annually."
Dr. Damadian continued, "Patients with Chiari syndrome, in which the brain,
for lack of sufficient connective tissue support, descends into the foramen
magnum (opening) at the base of the skull when the patient is upright, require
UPRIGHT(TM) MR imaging. The "drop attacks" that occur in this syndrome are
characterized by a sudden episode of muscular paralysis and a concurrent
"falling to the ground" when the patient is upright. The actual pathology
initiating the "drop attack" can only therefore be visualized with the patient
in the same posture that prompts the "attack". Consequently, Chiari patients
require examination in the FONAR UPRIGHT(TM) MRI to achieve the images necessary
to assess the extent of Chiari malformation. The current estimate of the number
of Chiari cases in the U.S. is 300,000. This number is believed to be
underestimated by as much as 200,000 Chiari 1 malformations now thought to occur
annually, secondary to motor vehicle whiplash injuries."
"Such applications continue to arise without limit. Moreover, they are in
addition to the already existing extensive musculoskeletal applications in the
spine wherein 1,000,000 spine surgeries are performed annually and where
UPRIGHT(TM) weight-bearing Multi-Position(TM) imaging prior to surgery will
ultimately be mandatory to prevent incorrect surgery. Additionally, there are
9,000,000 MRI scans of the spine performed annually in the U.S. that are
destined to become UPRIGHT(TM) Multi- Position(TM) MRI scans so that accurate
identification of the patient's symptom generating spine pathology can be
achieved. And ultimately the extensive cardio-vascular applications of
UPRIGHT(TM) Multi- Position(TM) imaging are destined to come into use, e.g.
UPRIGHT(TM) imaging of cerebral blood flow prior to surgical vascular repair,
and UPRIGHT(TM) imaging of lower extremities varicosities prior to surgery.
Additionally, a little over 1,000,000 cardiac surgeries are performed annually
in the U.S. Such patients will benefit substantially from UPRIGHT(TM) MRI
imaging of coronary blood flow prior to deciding between the various corrective
alternatives, e.g. bypass, stents, and angioplasty," said Dr. Damadian. "These
are but a few of the clinical conditions that are undiagnosable without upright
scanning that have been brought to FONAR's attention since the introduction to
the medical community by FONAR of UPRIGHT(TM) Multi-Position(TM) MRI
technology."
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months For the Nine Months
Ended March 31, Ended March 31,
2007 2006 2007 2006
----------- ----------- ------------ ------------
Revenues $ 8,782,000 $ 7,103,000 $ 24,237,000 $ 27,797,000
Net Loss $(5,401,000) $(7,357,000) $(16,976,000) $(21,031,000)
Basic & Diluted Loss
per Common Share $(1.11) $(1.65) $(3.52) $(4.80)
The SEC Official Party Line to Stock Market Fraud
by Mark Faulk
May 10, 2007
Over the past three plus years since I began covering the issue of stock market fraud, I’ve watched as the SEC and their media minions have covered for Wall Street by spinning the issue to fit their own agenda, and in response to the growing body of evidence of serious problems in our financial markets. Sometimes it’s hard to know which excuse is the Official Party Line for the month, which, as you can imagine, causes some confusion amongst the troops whose job it is to twist the truth to fit the crime. So, just for the fun of it, I’ve put together this handy numbered list of Official Party Lines, along with the time periods when they first gained popularity. Obviously, this list isn’t all-inclusive, so feel free to add your own favs to the bottom.
1. Naked short selling doesn't exist, and anyone who says it does is a tin-foil hat conspiracy nut (from the beginning of recorded time up until around mid-2004)
2. Naked short selling exists, but it’s not pervasive enough to be a problem. Besides, most of those companies suck, and they deserve it anyway. (mid-2004 until the end of 2004)
To read the rest of this commentary, go to:
http://www.faulkingtruth.com/Articles/Investing101/1076.html
Yipee!!!!
If the knew about AutoGel
Topical Honey Tested As A Treatment For Diabetic Ulcers
Link: Topical Honey Tested As A Treatment For Diabetic Ulcers, UW Study.
Complications from a 2002 car accident left Hurlburt, a borderline diabetic, with recurring cellulitis and staph infections. One of those infections developed into a troublesome open sore that, despite the use of oral antibiotics, continued to fester for nearly eight months. Then Hurlburt's physician, Jennifer Eddy of UW Health's Eau Claire Family Medicine Clinic, suggested she try using topical honey. Within a matter of months, the sore had healed completely. "I remember thinking, holy mackerel-what a difference," says Hurlburt, who can't use topical antibiotics because of allergies. "It's a lot better than having to put oral antibiotics into your system." With funding provided by the Wisconsin Partnership Fund for Health and the American Academy of Family Physicians Foundation, Eddy is currently conducting the first randomized, double-blind controlled trial of honey for diabetic ulcers. Eddy first successfully used honey therapy a few years ago with a patient who was facing amputation after all medical options had been exhausted.
Enable IPC Corporation Issues Update Detailing Ultracapacitor Agreements and Profiling New Board Member Philip Verges
Wednesday May 9, 9:00 am ET
License Option and Joint Development Agreements Brings Enable IPC into Rapidly Growing Ultracapacitor Market; CEO of NewMarket Technology Joins Board
VALENCIA, Calif.--(BUSINESS WIRE)--Enable IPC Corporation (OTCBB: EIPC - News) today issued a Corporate Update to shareholders and interested investors.
The update discussed Enable IPC's ultracapacitor technology and explained its agreements with both SolRayo (a Wisconsin-based LLC) and the University of Wisconsin. The Company considers the ultracapacitor to be a fourth-generation technology, representing the next steps in integrating nanoparticles and inexpensive, readily-available materials into a simple manufacturing process. The resulting device has matched the performance of available commercial products during testing in the lab, but at a very low cost. It is the goal of the joint development agreement with SolRayo to have beta units available for target customers by the end of this calendar year.
In addition, the update provided a profile of Philip Verges, CEO of NewMarket Technology (OTCBB: NMKT - News), the newest Board member to join Enable IPC. Mr. Verges has successfully grown his company from $300,000 in sales the first year to over $77 million in 2006, with even more growth expected for 2007. NewMarket was ranked as the fifth fastest growing company in North America on Deloitte's 2006 Technology Fast 500. Enable IPC believes Mr. Verges' unique expertise and perspective will be of great value to the company.
The Corporate Update can be found in its entirety on the company's website: www.enableipc.com/update052007
About Enable IPC Corp. (Intellectual Property Commercialization) (www.enableipc.com)
Enable IPC Corporation is developing power devices using advances in thin films and nanotechnology. Our products include microbatteries for very low power applications (utilizing nanowires as small as 1/1000th the diameter of a human hair) and ultracapacitors for a wide range of power applications (utilizing nanoparticles on carbon). These complimentary products will be ideal for use in a variety of applications. The microbattery is targeted for use in healthcare products, RFID tags, smart cards and many other applications while the ultracapacitor is to be used in consumer electronics.
NewMarket Latin America, Inc. Announces Aubrey Brown as CEO to Lead South American Operations with $30 Million Profitable 2007 Revenue Forecast
Wednesday May 9, 9:16 am ET
PONTE VERDA BEACH, Fla.--(BUSINESS WIRE)--NewMarket Latin America, Inc. (OTC:NLAI - News) announced today the appointment of Aubrey Brown as Chief Executive Officer. NewMarket Latin America is a regional subsidiary of NewMarket Technology, Inc. (OTCBB:NMKT - News). NewMarket Latin America, Inc. recently announced a corporate name change from Paragon Financial Corporation and a corresponding ticker change to reflect the new direction of the company.
Mr. Brown has been leading NewMarket Technology's Latin American operations and now joins the newly publicly listed subsidiary, NewMarket Latin America, as CEO. Mr. Brown's experience includes founding Corsa Network Technologies, Inc., a systems integrator located in the San Francisco Bay Area, and serving as Chief Operating Officer of Allied Telesyn, a manufacturer of networking products with $200M in annual revenue. - Mr. Brown also served as VP of Sales and Marketing for NetVantage, Inc., VP of Sales with Centrum Communications, and Director of Sales with Synoptics Inc. Mr. Brown began his career as an engineer and has held engineering positions with RCA Corp., Burroughs Corp., Sun Microsystems and Modular Computer Systems.
Proves the truth of thast old adage--"SEX SELLS"!
Not bad-I flunked!!
Diamond I in Preparation to Serve as Platform for NewMarket's Wireless Broadband Offerings
Company's Efforts in Re-Establishing Wireless Internet Business Attracting Interest From Business Contacts
LAS VEGAS, NV--(MARKET WIRE)--Apr 27, 2007 -- Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, including the GS2(TM) wireless hand-held gaming unit and the WifiCasino(TM) wireless gaming system, released an update to shareholders on its activities as it prepares to serve as the platform for the plans of NewMarket Technology (OTC BB:NMKT) for Diamond I to offer wireless broadband services.
David Loflin, CEO of Diamond I, Inc., said, "In undertaking activities preliminary to the full-scale re-establishment of the company's wireless Internet access business, we are very encouraged that many business contacts in that industry segment have expressed strong interest in the company's plans for the future. We look forward to pursuing these business leads as we finalize our business plan going forward."
NewMarket has previously announced that it plans to consolidate its own Wi-Fi-related assets into Diamond I as part of a broader plan to build a comprehensive wireless broadband offering with applications in multiple market segments. Initially, the municipal government and casino/gaming sectors will be targeted. In addition, NewMarket has announced that it is in the process of acquiring a majority interest in Texas-based RedMoon Broadband (see http://www.redmoonbroadband.com/) to further strengthen NewMarket Broadband products and services (currently Diamond I). RedMoon Broadband is a leader in municipal Wi-Fi and has designed, engineered and deployed wireless mesh network solutions, providing high-speed Internet service, security surveillance, automatic meter reading and mobile broadband for municipalities.
NewMarket has projected first-year revenue forecast of approximately $10 Million with the combined Wi-Fi assets of Diamond I and NewMarket. The Diamond I name will be changed to NewMarket Broadband, Inc. and the ticker symbol will change by during the second quarter of 2007.
Interested investors and shareholders will be added to the DMOI corporate e-mail list after sending an e-mail to ir@newmarkettechnology.com.
About Diamond I, Inc. (www.wificasino.net)
"Voice-Print" and "Finger-Print" Technologies. Diamond I owns the rights to patent-pending voice-recognition and fingerprint biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. The term "Wi-Fi" (wireless fidelity) refers to an industry standard for wireless equipment that meets published 802.11(x) standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz.
With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
Test for Dementia
Below are four ( 4 ) questions and a bonus question. You have to answer them instantly. You can't take your time, answer a ll of them immediately. OK?
Let's find out just how clever you really are....
Ready? GO!!!
First Question:
Y ou are participating in a race. You overtake the second person. What position are you in?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Answer: If you answered that you are first, then you are
absolutely wrong! If you overtake the second person and you take his place, you are second!
Try not to screw up next time.
Now answer the second question,
but don't take as much time as you took for the first question, OK?
Second Question:
I f you overtake the last person, then you are...?
(scroll down)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Answer: If you answered that you are second to last, then you are wrong again. Tell me, how can you overtake the LAST Person?
I think you could be in first position
You're not very good at this, are you?
Third Question:
V ery tricky arithmetic! Note: This must be done in your head only .
Do NOT use paper and pencil or a calculator. Try it.
Take 1000 and add 40 to it. Now add another 1000 . Now add 30 .
Add another 1000 . Now add 20 . Now add another 1000
Now add 10 . What is the total?
! Scroll down for answer.....
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Did you get 5000 ?
The correct answer is actually 4100.
If you don't believe it, check it with a calculator!
Today is definitely not your day, is it?
Maybe you'll get the last question right... .
.Maybe.
Fourth Question:
Mary's father has five daughters: 1. Nana, 2. Nene, 3. Nini,
4. Nono. What is the name of the fifth daughter?
~~~~~~~~~~ ! ~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Did you Answer Nunu?
NO! Of course it isn't.
Her name is Mary. Read the question again!
Okay, now the bonus round:
A mute person goes into a shop and wants to buy a toothbrush. By
imitating the action of brushing his teeth he successfully
expresses himself to the shopkeeper and the purchase is
done.
Next, a blind man comes into the shop who wants to buy a pair of
sunglasses; how does HE indicate wh! at he w ants?
Fonar share [price action again proves that old adage SEX SELLS!
The state of Oklahoma today passed landmark legislation dealing with fails to deliver in the stock market, by an overwhelming margin. The final vote in the State House of Representatives was 81-12 in favor of State Bill 979, with eight legislators not present. The legislation will now go to Oklahoma governor Brad Henry to be signed. SB 979 is considered by stock market advocates to be an important step in dealing with an issue that many feel has been ignored at the federal level by both the SEC and Congress.
Although there has been some support at the federal congressional level to tighten or even rewrite laws dealing with stock market reform, the inaction on the part of the SEC has caused millions of small investors, with support from the North American Securities Administrators Association and the U.S, Chamber of Commerce, to refocus their efforts on reform at the state level, making the Oklahoma victory even more significant. Oklahoma representative Guy Liebmann called the overwhelming victory “a clear mandate.”
To read the rest of this article, go to:
http://www.faulkingtruth.com/Articles/Investing101/1074.html
Thanks to everyone who supported the bill, without your efforts this could not have happened. Now….let’s take it to the other 49 states.
__________ NOD32 2219 (20070425) Information __________
This message was checked by NOD32 antivirus system.
http://www.eset.com
__________ NOD32 2219 (20070425) Information __________