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Just checking in to see...
what is up. I have alot of shares from the JPHC conversion and
I hope in 11 months or so we can make a profit and move on.
Making major bucks in china,latin america via M-funds since
Oct. of last yr. Peace RT.
At scottrade you have to phone in your order to do anything.
Peace RT.
Still stuck with this crap over 3 yrs.
Tony is still getting paid along with his cronies.
This stock is going sub-penny. Peace RT.
Into the crapper! 0.018 Peace RT.
OT. Fav. Mutual fund=OBCHX! GO CHINA!
Peace RT.
serfdom we think nothing will go
on till May 2007 or around that date. JMHO. Peace RT.
As to ?4 Kevin is still a crook. Peace RT.
Sorry spelling sux! Seattle is...
in winter-mode. Long day. Peace RT.
This works in a taxable accout. Peace RT.
The only good thing about this stock is...
you can write it off against your gains in "other" stocks.
ThanQ DDSI and tony. Peace RT.
Invest in this stock and you are..
paying for company's vacations Period. Also breakfast,lunch,
dinner for their wifes and girl-friends time on the beach.
Go ahead buy this POS. Peace RT.
This stock is a rip-off.
Been in this stock for 5 yrs and nothing and I wrote it off
a long time ago. Look at 3 yr. chart and decide for if you
want to invest in this POS. Peace RT.
Holt did this to save "His"
own neck. If it looks like a duck.......
Peace RT.
Holt still a crook.
EST
CRANFORD, NJ - Two former top executives of InsPara Networking Technologies, a township-based computer services consulting company, pleaded guilty on Nov. 16 to conspiring to defraud dozens of private investors of approximately $5.3 million, according to a press release issued by U.S. Attorney Christopher J. Christie’s office.
Kevin Holt, 53, of Cranford, the company’s former chief executive officer and chairman of the board, and Robert Henches, 61, of Montville, the former chief operating officer and director, each pleaded guilty to separate one-count federal charges of conspiracy to commit mail and wire fraud before U.S. District Judge Pete D. Sheridan.
The authorities were informed of the fraud by Holt.
“To Mr. Holt’s credit, he voluntarily admitted his wrongdoing and brought the unlawful conduct to the attention of federal law enforcement,” said Assistant U.S. Attorney Robert Kirsch, who is handling the prosecution.
According to federal prosecutors, Holt and Henches, along with an unnamed co-conspirator who served as InsPara’s vice president of finance and also as a company director, falsified and inflated company financial data for the purpose of inducing investment in their company.
“Regrettably, Mr. Holt and Mr. Henches admitted to lying to their investors with regard to substantial commissions which depleted their investment money, as well as lying about the financial condition of the company itself,” Kirsch said.
Both men are currently free on personal recognizance bonds in the amount of $100,000.
According to the charges, the vice-president, a resident of Wilton Manors, Fla., was primarily responsible for contacting private investors over the phone, through written materials and by electronic mail to solicit them to buy shares of InsPara stock, ranging from 75 cents to $2 per share.
Henches and Holt admitted that they gave current and potential investors “false and inflated” financial data intended to demonstrate the company’s strong financial footing to encourage investment.
“All the victims in this case were individual investors, many who invested substantial money for what they believed was a thriving young company,” Kirsch said.
From mid-2003 through March 2005, InsPara solicited private investors from around the country. The company also had seven affiliate offices in the United States as well as London.
In 2005 InsPara was acquired by a publicly traded company, SoftNet Technology Corp. Sentencing is scheduled for early March.
Peace RT.
Last 3 "biz" days 78,000+ shares traded. Hmmmm.
Peace RT.
Naked short selling.
Hedge fund to be sued over 'naked shorting'
By Stephen Foley in New York
Published: 02 November 2006
US regulators are about to take their first legal action against a hedge fund involved in the controversial practice of "naked short selling", whose critics say it distorts the stock market and drives down company share prices.
The New York-based Sandell Asset Management has been told by the Securities and Exchange Commission that it faces a civil lawsuit for trading in shares affected by the fallout from Hurricane Katrina last year.
A short seller normally borrows shares and then sells them, betting they can be repurchased later at a lower price. A "naked short" is when the sale is made without borrowing the shares.
The practice has caused a furore in the US in recent months, thanks in part to a high-profile campaign by the online retail entrepreneur Patrick Byrne, who claims shares in his company, Overstock.com, were driven down by a conspiracy of naked short sellers.
Congressmen investigating the hedge fund industry have zeroed in on short selling, and naked shorts in particular, as they examine ways to prevent the offshore industry manipulating the US stock market. The hedge fund industry has argued short selling just improves the efficiency of the market.
The SEC weighed into the controversy earlier this year, promising to overhaul some of the technical rules around naked shorting. However, it does not believe short sellers can be forced to borrow stock to cover their position. It is instead focusing on traders who deliberately or repeatedly fail to deliver the stock they have sold.
In July, Christopher Cox, the SEC chairman, said that naked shorting might hurt investor confidence and a company's ability to attract capital. "Selling short without having stock available for delivery, and intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws," he said.
The SEC refused to comment on its investigation of Sandell Asset Management, but it is understood to have sent the hedge fund a letter last month which said it was recommending civil action over trading in Hibernia, a New Orleans bank that was being taken over by Capital One Financial.
Sandell opened a naked short position in Hibernia after Hurricane Katrina slammed into New Orleans last August. Capital One subsequently slashed the value of its offer for Hibernia.
Sandell, which declined to comment yesterday, has been updating its investors on the SEC investigation, telling them it is cooperating with the regulator but disputes several of its assertions. The fund was set up in 1998 by Thomas Sandell, a former executive at the investment bank Bear Stearns and once Sweden's number two badminton player.
US regulators are about to take their first legal action against a hedge fund involved in the controversial practice of "naked short selling", whose critics say it distorts the stock market and drives down company share prices.
The New York-based Sandell Asset Management has been told by the Securities and Exchange Commission that it faces a civil lawsuit for trading in shares affected by the fallout from Hurricane Katrina last year.
A short seller normally borrows shares and then sells them, betting they can be repurchased later at a lower price. A "naked short" is when the sale is made without borrowing the shares.
The practice has caused a furore in the US in recent months, thanks in part to a high-profile campaign by the online retail entrepreneur Patrick Byrne, who claims shares in his company, Overstock.com, were driven down by a conspiracy of naked short sellers.
Congressmen investigating the hedge fund industry have zeroed in on short selling, and naked shorts in particular, as they examine ways to prevent the offshore industry manipulating the US stock market. The hedge fund industry has argued short selling just improves the efficiency of the market.
The SEC weighed into the controversy earlier this year, promising to overhaul some of the technical rules around naked shorting. However, it does not believe short sellers can be forced to borrow stock to cover their position. It is instead focusing on traders who deliberately or repeatedly fail to deliver the stock they have sold.
In July, Christopher Cox, the SEC chairman, said that naked shorting might hurt investor confidence and a company's ability to attract capital. "Selling short without having stock available for delivery, and intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws," he said.
The SEC refused to comment on its investigation of Sandell Asset Management, but it is understood to have sent the hedge fund a letter last month which said it was recommending civil action over trading in Hibernia, a New Orleans bank that was being taken over by Capital One Financial.
Sandell opened a naked short position in Hibernia after Hurricane Katrina slammed into New Orleans last August. Capital One subsequently slashed the value of its offer for Hibernia.
Sandell, which declined to comment yesterday, has been updating its investors on the SEC investigation, telling them it is cooperating with the regulator but disputes several of its assertions. The fund was set up in 1998 by Thomas Sandell, a former executive at the investment bank Bear Stearns and once Sweden's number two badminton player.
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Peace rollingthunder.
This stock never moves,look at 1yr. chart.
Peace RT.
I'm tired sorry for the
misspelling. Peace RT.
You are a bunch of dreamers!
I once believed and the pps. keeps going DONWN! Pay
attention to the pps. not the politics on this board.
Peace RT.
"May Begin in 2010" Give me a break!
Flash back 1999 Offor going to take us to the promised land
NYSE! Now 2006 you want to get rid of Offer! Wake up and
smell the coffee! Peace RT.
Been in this stock since 1999 and
sold most of this stock many moons ago next step to .28 is .30
but by the end of the week you will see .28 Peace RT.
Looks like .28 is next. Peace RT.
? to the board.
As far as I know JPHC has the right to buy 50% of VXBX,so...
does JPHC have to wait till May 2007 to do this?
Peace RT.
Sure looks like..
all that insider buying since Jan. 2006 they are selling. JMO.
Peace RT.
I will wait for .19 but thats just me. Peace RT.
Bigdogs a ?
Did not JPHC own at least 50% of VXBX? tia. Peace RT.
OT. Ck. out CSHD great trading stock. Peace RT.
dogcatcher17 says contracts on thursday. Peace RT.
VXBX Big blocks 100,000+ going thru. Peace RT.
Big 100,000 blocks going thru. Peace RT.
Its just his "IMO" who cares. Peace RT.
My IMO is don't feed the shorts it just
clutters up the board. Don't respond to him period that will take
care of him. Peace RT.
Better yet pay us the $ for our shares in
JPHC NOT on the open market. Peace RT.
The Edge what do you think?
Me thinks to get out of this the mm's aturd,eturd,scoturd will
will have to cut a deal with PAIC/JPHC to make things right.
Release our shares. Peace RT.
12.00 a share my wife says B.S. and..
she said buy out our restricted shares and than I will believe.
Peace RT.
JPHC=APOA=PAIV=PAVC=JPHC?
What the hel is going on?????????? eom. Peace RT.
"Who do you Love" Quicksilver Messenger Service at the "Fillmore
West" lol! Love that ""60's" thing. Peace RT.
I will be there for the opening but
at around 9:00 a.m. we are heading for the oregon coast for the
weekend. This stock is crazy! Can't wait to get to lincoln city
and log in to see what happened! Peace RT.
Are the #$%!*** mm's going to win? serfdom? Peace RT.
serfdom anything goes in "StinkyPinky" land!
And by the way thanQ dogcatcher17! His reasoning was what brought
me to JPHC in first place. YOU THE MAN DOG! Peace RT.