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Now I know we're in trouble. lol eom
That is just one of many questions that answers to are long over due.eom
I'm surprised you held back this long. lol eom
We have to ban that word from the SMMW vocabulary. eom
Get off your high horse. Investors are looking for follow thru not empty promises. I think people would be satisfied to see things promised coming to fruition in spite of current pps knowing that it will follow sometime down the road. Don't tell me to be patient. I think 2 years is being patient. I understand things don't always go as planned, but it would be nice to be kept informed. I COULD NOT RECOMMEND ANYONE BUY THIS STOCK CURRENTLY IN GOOD CONCIOUSNESS. I also find it frustrating to see all the rumor and innuendo being posted on these boards from people who evidently Dan finds worthy to keep informed because of their large position. You think Dan can inform the little people? eom
Is it time to turn out the lights? The party over? eom
Welcome aboard. Now you can post your own articles. lol eom
I thought the plan was to use reverse psychology? eom
What if you just put it into someone elses name? :>) eom
This is so pathetic, something good may happen. :>) lol I spoke with a wiseman last night. He said we been thinking positive thoughts about SMMW for a long tome now and nothing has happened. Lets do the opposite and anything good that comes will be a bonus. lol Of course he burped so that may have been the shine talking.eom
This is just sad. Two years. eom
I agree. Dan needs to do something now. Less talk. eom
Ot:Some relevance? provided by H3
SSSU- Counterfeit Share Issue (PR)
Silver Screens Studios: Update Regarding Adoption of Shareholders Integrity Plan to Address its Capital Structure and NOBO Evaluation and Makes Plans to Migrate to NASDAQ Small Cap Market
Counterfeit Share Issue, Dividend and Acquisition Strategy
Oct 23, 2006 12:41:00 PM
Copyright Business Wire 2006
ATLANTA--(BUSINESS WIRE)--
Silver Screen Studios, Inc. (OTCBB: SSSU), http://finance.yahoo.com/q?d=v1&s=sssu.ob implements Shareholders Integrity Plan to address share imbalance, updates facts regarding trading in the company shares by TD Ameritrade and moves ahead with first acquisition and Reg. E Funds.
TD Ameritrade Facts:
According to the NOBO list SSSU has 770 account holders at TD Ameritrade who have been prevented buying shares in the company. We are in the process of determining the number of shares contained in those accounts.
Facts:
1. The purchase restriction was placed on the company's shares by TD Ameritrade after we announced we were requesting a NOBO list and suspected failure to deliver positions in our shares.
2. On July 14, 2006 a day in which we traded 122 million shares, TD Ameritrade would not allow trading on their platform for 2 hours.
3. A new Market Maker SBSH has recently entered trading in our shares since we requested the NOBO list. According to www.OTCBB.com SBSH is Citigroup Global Markets, a joint venture partner with the DTCC, http://www.dtcc.com/PressRoom/2006/managed_accounts.html, http://www.dtcc.com/Publications/dtcc/sept06/dtcc_partners_with _citigroup.html. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
SSSU Strategy Concerning Counterfeit Shares:
The company is discussing its strategy with legal counsel, investment banking counsel and will have a plan in effect to address counterfeit shares, failure to delivery positions, and any short selling of its shares later this week.
Phase I of the Shareholders Integrity Plan.
The SIP's implementation is proceeding ahead with a planned acquisition of a real estate franchising company for distressed assets as well as a commercial mortgage company for financing of the assets.
Reg. E Funding of Acquisition.
Our first Reg. E Fund will make the initial investment in the franchising and mortgage company. We are negotiating terms for initial investments in the fund.
We plan to have definitive contracts in place this week for the closing of the acquisitions and the planned spin out of shares to our shareholders.
Implementation of Acquisition and SIP:
The management of SSSU has accessed a shareholders list as of 10-11-2006. This list was compared to the NOBO list as of 10-11-2006. The shares in excess of the official total as compiled by the transfer agent will be deemed "counterfeit shares," see http://www.bdcjournal.com/currentissue.pdf, and pages 10-12 on the issue of counterfeit shares.
Counterfeit Shares:
Any position deemed counterfeit will be deemed to be short a failure to deliver share; each failure to deliver share outstanding of SSSU shall be deemed liable as follows:
Counterfeit Shares Liability:
Each counterfeit share shall be liable to SSSU as follows:
(i) $1.00 per share in cash; plus
(ii) The 52 week high of $.052 multiplied by 7.77 multiplied by the number of days the failure to deliver position has been open.
(iii) There are currently 102,767,486 shares unaccounted for.
Shareholder Benefits and Dividend Distribution:
We have developed the dividend program with one of the Reg. E. Funds. Each Reg. E fund can raise up to $5.0 million per year exempt from registration. We are working out the details of a dividend valued in the range of $0.05-$0.12 per share.
Summary:
The SIP will have no effect on our current shareholders. The SIP will affect the imbalance in shares that have failed to be delivered and remain open. We are proceeding with actions deemed necessary to protect the shareholder base and structure our company for growth.
About Global 1 Investment Corporation:
The family of funds we construct will have equity, fixed income, real estate securities, mortgages, affordable housing and commercial assets as investment opportunities for different classes of investors.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
Source: Silver Screen Studios, Inc.
"This is not a scam, unfortunately" Would you bet your life on it? If someone were to do an unbiased investigation of SMMW, what would be their conclusions? The only evidence they have is that which has been made public with no access to insider info. Their verdict must be from PR's and follow thru. What do you think it would be? I say at this moment it would lean toward Scam. Now if Dan comes out with blockbuster news that would add weight to the other side of the scale I reserve the right to change my opinion. eom
OT:Another H3 alert.
E*Trade, TD Ameritrade Are Targeted in Online Brokerage Fraud
By Bradley Keoun
Oct. 23 (Bloomberg) -- Customer accounts at online brokers including E*Trade Financial Corp. and TD Ameritrade Holding Corp. have been infiltrated by computer hackers in Eastern Europe and Asia in one of the biggest cases of identity theft to strike the U.S. securities industry.
The Federal Bureau of Investigation, the Securities and Exchange Commission and the NASD are trying to unravel the fraud, which has cost New York-based E*Trade at least $18 million and caused losses at Ameritrade of Omaha, Nebraska, company officials said. In one ``pump-and-dump'' scheme the SEC uncovered, thieves used customers' money to drive up the prices of little-traded stocks and then sold shares they bought earlier at a profit.
``The perpetrators were more organized, and it was a bigger issue this quarter than it had ever been before,'' E*Trade Chief Operating Officer Jarrett Lilien said in an interview. ``It wasn't just hitting one company, it was hitting everybody.''
The case shows how criminals who ply the Internet from countries beyond the reach of U.S. law enforcers are turning to financial markets to commit fraud. Online brokers are a growing target for identity theft, a crime that in all its forms will cost Americans $56.6 billion this year, according to Javelin Strategy & Research of Pleasanton, California, which has prepared similar estimates for the Federal Trade Commission.
``Identity thieves appear to be directing increased attention to the securities business, and their attacks are growing in sophistication,'' said John Walsh, chief counsel in the SEC's office of compliance inspections and examinations, at an industry conference in Phoenix on Oct. 5.
Customers Compensated
E*Trade disclosed on a conference call last week that it spent $18 million in the third quarter to compensate customers affected by trading fraud. The company, the fourth-largest discount broker by assets, is cooperating with the federal investigation and the probe by the NASD, E*Trade spokeswoman Pam Erickson said. NASD is the industry's self-regulator for more than 5,100 brokerages.
TD Ameritrade, the third-largest online broker, also suffered losses because of bogus trading by unauthorized users who pried their way into customer accounts, said spokeswoman Katrina Becker. She declined to specify an amount. TD Ameritrade may provide more details tomorrow when it reports fiscal fourth- quarter earnings.
Charles Schwab Corp., the biggest online broker, didn't experience ``anything unusual enough to warrant a financial disclosure,'' said spokesman Glen Mathison. The San Francisco- based company reported earnings on Oct. 16. Adam Banker, a spokesman for closely held Fidelity Investments of Boston, the second-largest discount broker, declined to comment.
`Global Problem'
E*Trade Chief Executive Officer Mitchell Caplan told investors that investigators traced the illicit trading to ``concerted rings'' in Eastern Europe and Thailand. The company hasn't determined whether the reimbursement costs will be covered by insurance, he said. TD Ameritrade also was targeted by cyber- criminals in Eastern Europe and Asia, spokeswoman Becker said.
``Internet crimes that result in the theft of personal and financial data from consumers continue to be a significant and global problem,'' FBI spokesman Paul Bresson said. ``We work closely with our foreign law-enforcement counterparts to pursue these cases with all applicable laws.''
Bresson declined to comment on the FBI investigation. John Heine, a spokesman for the SEC, and NASD's Herb Perone also declined to comment.
Some of the losses were straight theft. In his presentation, Walsh of the SEC explained how criminals use personal information such as Social Security numbers to break into accounts. Once in control, they loot the accounts by selling securities and wiring out the proceeds far from the U.S.
`Pump and Dump'
The online version of the ``pump-and-dump'' fraud sets off few security alerts at brokerage firms because no money is withdrawn from the compromised accounts, Walsh explained.
``This is an increasingly popular variation,'' he said in Phoenix. ``If you are looking for a single `hot topic' in the world of identity theft, this is it.''
In ``alias fraud,'' a thief opens an account in an individual's name, then uses it for illegal trading or money- laundering. Because the victim's name is on the account, he or she appears responsible for the crimes.
Walsh said the SEC recently began a ``sweep examination'' of brokerage firms to determine if they have adequate technology and staff training to prevent and detect online fraud.
``This thing is so widespread and has such a significant impact on the industry at large,'' E*Trade's Caplan said. `You're going to end up seeing structural changes in the industry.''
Reducing the Fraud
Caplan told investors E*Trade reduced the fraud to ``almost zero'' in the past three weeks after beefing up security for electronic trading. The company declined to say how many accounts were infiltrated or explain the security enhancements.
While the Federal Deposit Insurance Corp. covers bank accounts against fraud or insolvency for as much as $100,000, brokerages get no such protection.
E*Trade promised in January that it would reimburse customers for any losses due to fraud in an effort to allay concerns about trading over the Internet or keeping cash in online bank accounts. TD Ameritrade and Schwab offered similar guarantees in February and Fidelity followed in May.
To contact the reporter on this story: Bradley Keoun in New York at bkeoun@bloomberg.net .
Last Updated: October 23, 2006 00:04 EDT
http://quote.bloomberg.com/apps/news?pid=20601087&sid=a0tTA2Ko30As
This must be the quiet period. I'm being facetious. eom
OT: See everyone out to rip us off. Thanks h3 for sending. We should all call our congressman and say I'm fed up and I'm not going to take it anymore, instead of shutting up and getting $%#$ on all the time. Put some of these crooks in jail. lol
STOCKGATE TODAY- Oct. 23, 2006
An online newspaper reporting the issues of Securities Fraud
SEC Cover-up; Aguirre Records expose possible SEC criminal negligence – October 23, 2006
David Patch
November 2004.
It was November 2004 that the on-line petition www.investigatethesec.com was initiated due to the concerns over regulatory bias and abuse against the retail investor class.
After years of circumstantial evidence that exposed the SEC to aiding and abetting Wall Street fraud, the investing public attempted to take control of their own financial safety and requested a formal investigation into the possible criminal actions of the Securities and Exchange Commission.
While the petition, now over 8000 strong, has been mocked and ridiculed by the members of the financial press, the petition site continued to connect the dots on how far the Commission staff would venture into massive cover-up to protect the financial terrorism perpetrated by the Institutions and Hedge Funds against the investing public. Money talks and the SEC appeared to be an agency on the payroll of Wall Street.
It is about the theft of the financial security of the lower and middle class investors and diverting that capital to the pockets of the wealthy Wall Street elite and how the SEC Commission staff has been working overtime to insure this practice of abuse continues unabated. A co-opted federal agency working as the “muscle” to the organized crime operation we call Wall Street.
The same concerns now hit the main street media.
On Saturday October 22, 2006 main stream media exposed the first story on what the investing public, and my web site, has reported for over 2-years. Late to the game, the experts of the financial press have come to the party to discuss possible SEC negligence and cover-up in major securities fraud matters. It took a former SEC attorney and two separate Senate Committee Investigations to open their minds to the possibilities but open they now are.
The NY Times story; S.E.C. Inquiry on Hedge Fund Draws Scrutiny by Walt Bogdanich and Gretchen Morgenson details an eerie story of senior SEC officials who obstructed the investigation into a politically connected Wall Street executive and the hedge fund he conducted business with. The story details a single SEC investigation initiated after 18 separate NYSE referrals regarding possible trading off inside information and the termination of one SEC lawyer who investigation came dangerously close to one Wall Street Executive and his powerful hedge fund associate.
The story exposes the conflicts of interest at the SEC Staff levels and at the SEC’s independent Inspector General’s office in covering up the illegal actions being uncovered.
Bogdanich and Morgenson detail the documents former SEC Attorney Gary Aguirre presented to Congress after his termination from the agency including the written communications Aguirre had with senior SEC officials prior to his termination.
According to the story, “the file [presented to the Senate] shows that after Mr. Aguirre was blocked from questioning Mr. Mack about the Heller deal, Mr. Hanson, the S.E.C. branch chief, acknowledged in e-mail messages that he had discussed Mr. Mack’s “political clout” and the “juice” of his lawyers with officials at the commission.”
Mack referring to Morgan Stanley CEO John Mack whose name has appeared frequently when considerations are being made for political appointments by President Bush. The appointment would be payback for the fundraising efforts Mack provided for the 2004 Bush campaign.
In one e-Mail to Aguirre, Hanson wrote “Mack’s counsel will have ‘juice,’ as I described last night — meaning that they may reach out to Paul and Linda (and possibly others).” The Times identifying Paul to be Senior SEC official Paul Berger and Linda referring to SEC Director of Enforcement Linda Thomsen almost implying that a “traffic ticket could be fixed” through a few simple phone calls.
While Aguirre has admitted to the Senate that he had not concluded his investigation, to a point where charges could be filed against any of the suspected violators Aguirre claims this is such due to the Commission staff blocking the investigation before its conclusion. Aguirre accuses such ranking individuals as Chairman Cox and SEC director Linda Thomsen as being directly involved in the actions.
Under the guidelines of the Securities Act of 1934 Section 20 states, “Prosecution Of Persons Who Aid And Abet Violations.--- For purposes of any action brought by the Commission under paragraph (1) or (3) of Section 21(d), any person that knowingly provides substantial assistance to another person in violation of a provision of this title, or of any rule or regulation issued under this title, shall be deemed to be in violation of such provision to the same extent as the person to whom such assistance is provided.”
If Aguirre is correct in his assessments, the Staff of the SEC would thus be guilty of such provisions and should be terminated immediately and charged civilly and criminally for fraud.
Considering the Senate inquiry into the Aguirre allegations as only one of possibly hundreds or thousands of like SEC investigations dropped due to political pressures from senior SEC Officials the public needs swift action. We know of this story because Aguirre fought back where many before him simply moved on. How much this cost the investing public is immeasurable. How much more will continue if these people remain in charge is likewise immeasurable.
The Senate inquiry raises questions of politics and Wall Street policing and how political connections can result in criminal fraud being dismissed as easily as traffic violation or parking ticket is fixed.
Separately, Congress is presently investigating a matter in which Paul Berger left the agency after 14 years of service shortly after Aguirre was terminated and took a position at Debevoise & Plimpton. The significance being that Debevoise & Plimpton is the law firm representing Morgan Stanley and was seeking information regarding Mack and this investigation as the Morgan Stanley considered Mack for the position of CEO.
Congress wants to know whether the hiring of Berger was payback for blocking the investigation into John Mack.
From this amateur writer, but one who was more than two years ahead of the curve on this story, there is a solution and a workable one.
The Securities and Exchange Commission must be removed from the powers of our federal government and put into the hands of our state regulators. The Commission leadership must be staffed with members of our 50 state regulatory arms with the staff rotated every term through each state similar to the process presently utilized by the North American Securities Administration Association (NASAA). No single state to have control but every state being directly involved.
The Commission will maintain Congressional oversight but Congress can not dictate policy through closed door lobbying.
Over recent years, the states have been the first to take charge in exposing securities related fraud because it is the states that are more connected with the interests of the people. The SEC on the other hand, as a federal agency politically driven by administration policy has delayed initiatives to address fraud due to the desires of the administration in charge.
The present Commission staff has already blocked possible fraud investigations regarding the financial press and the hedge funds despite evidence that supported such an investigation. This same staff is now being accused of protecting one of Wall Street’s most respected despite evidence that leads to such an individual. These actions are not the actions that bring confidence to the public and thus confidence to our markets. How much fraud have they accepted for political reasons/
It is time Congress initiates that criminal investigation into this Commission staff and begins the process of resolving present and future conflicts between the commission and those they are empowered to regulate. The SEC lacks transparency but from what we can see before us, the SEC is not acting in the best interests of the public.
The Aguirre documents make that case.
For more on this issue please visit the Host site at www.investigatethesec.com .
Copyright 2006
Ot: Plenty would happen. You can start by knowing my blood pressure would be a lot lower. Secondly, people would'nt get their hopes up only to be let down week after week. If pumpers didn't pump then bashers would have nothing to respond to... Bottomline? It's time for Dan to create the excitement with action and less talk... Then we have something real to talk about. eom
To me, if anyone thinks any part of a CD other than insiders is good they are out of their minds. I don't want company touching my shares at all. Let them restrict all insider shares for 2 years or retire part of their 56% shares ownership. Just leave my shares alone . These people come here and post this crap. Now I'm all worked up and your ruining my weekend. Keep all your stinking inside rumors to yourselves. eom
You would think that ok? Don't touch my shares at all. I did'nt wait two years for Dan to screw with my shares. eom
Coach a simple OT: would have been nice. Then I would'nt have bothered spending 2 hours trying to figure out what you meant if I knew you were referring to another stock. Other than that I'm fine. eom
"The problem with a lot of the investors in pinkies is that they want ROI NOW," Yes NOW would be good after waiting 2 years. Also a PAIM type deal would not be good for us. If the insiders only involved their shares, then it would work. eom
Well don't go to bed tonight without elaborating. If that were to happen , do you think it would just involve the insider shares? :>) eom
We don't. eom
Kluss comes here and drops this on us and disappears and coach comes yesterday with his market inefficiency that I look up for two hours only to find out he was talking about another stock. WT# is wrong with these people? eom
I remember but we talked strictly insiders and it would not effect ours. If it does happen I hope its just them. eom
Ok if they did that and it involved our shares that would @#$%. If insiders say own 70% of the common and they did it with their shares that would be okay just keep us out of it.
http://www.pearlasianmining.com/QABuyBack.doc
eom
If they do that with insiders shares fine. They better not mess with mine. eom
What does that mean for us? How would it effect our shares or is that something that could be done with just insider shares? eom
Or it could mean as a result of the merger the pps is way below market value. eom
I would guess it has something to do with pps not high enough for merger to go through. I don't know coach but I know it's not nice to leave people hanging. lol eomeom
You mean the right PR. The pr that will get things moving. The pr of all pr's. Question is do we have such a pr? Who knows amymore? eom
Seems like Dan has taken the wind out of the sails of people from both sides of the aisle. eom
Yup, why can't we get PR's like that? lol This part interesting.
TD Ameritrade:
We will have an update on Monday concerning the TD Ameritrade and
SBSH situation and the steps the company is taking to address the
problem. According to the NOBO list SSSU has 770 account holders at TD
Ameritrade who have been prevented buying shares in the company.
OT:H3 just sent me this. Do we have a similar situation brewing?
ATLANTA--(Business Wire)--Oct 20, 2006--
Silver Screen Studios, Inc. (OTCBB: SSSU.U),
http://finance.yahoo.com/q?d=v1&s=sssu.ob implements
Shareholders Integrity Plan to address share imbalance
and makes provisions to
migrate to NASDAQ Small Cap Market.
Shareholders Integrity Plan Objective:
Our management in an effort to protect the integrity of
our shareholders investment has adopted a Shareholders Integrity
Plan ("SIP") and makes provisions to move to NASDAQ Small Cap
Market once Reg. E Funds are capitalized.
Shareholders Integrity Plan: Phase I
The SIP is the equivalent to the Shareholders Rights Plans as
designed by the law firm of Wachtell, Lipton, Rosen & Katz, i.e., the
Poison Pill. The Poison Pill has been upheld by the Delaware Courts as
a legal method to protect the shareholders interests in the company by
the board of directors acting in their business judgment. We feel the
SIP will protect our legal shareholders investment in our company as
we restructure into a profitable entity.
Implementation:
The management of SSSU has accessed a shareholders list as of
10-11-2006. This list was compared to the NOBO list as of 10-11-2006.
The shares in excess of the official total as compiled by the transfer
agent will be deemed "counterfeit shares".
Counterfeit Shares:
Any position deemed counterfeit will be deemed to be short a
failure to deliver share; each failure to deliver share outstanding of
SSSU shall be deemed liable as follows:
Counterfeit Shares Liability:
Each counterfeit share shall be liable to SSSU as follows:
(i) $1.00 per share in cash; plus
(ii) The 52 week high of $.041 multiplied by 7.77 multiplied by
the number of days the failure to deliver position has been open.
(iii) There are currently 102,767,486 shares unaccounted for.
Restructuring of Capital Structure:
Our management feels there is a significant failure to deliver
position in our stock and the NOBO list identified the extentof the
position. To protect our shareholders we are developing the share
exchange program with one of the Reg. E Funds that will place an
estimated value of $.10 to $.25 on the shares of SSSU.
Shareholder Benefits and Dividend Distribution:
We have developed the dividend program with one of the Reg. E.
Funds. Each Reg. E fund can raise up to $5.0 million per year exempt
from registration. We are working out the details of a dividend valued
in the range of $0.05-$0.12 per share.
TD Ameritrade:
We will have an update on Monday concerning the TD Ameritrade and
SBSH situation and the steps the company is taking to address the
problem. According to the NOBO list SSSU has 770 account holders at TD
Ameritrade who have been prevented buying shares in the company.
Summary:
The SIP will have no effect on our current shareholders. The SIP
will affect the imbalance in shares that have failed to be delivered
and remain open. We are exploring retaining a forensic accountant and
the DTC Position Report to identify each position and the owner of the
position and take actions to reward our legitimate shareholders with
the proceeds we recover.
That was a short story. :>) eom
Hi BOB eom
"Mugsy. We have reached an impasse" I told you I had more left. No "impasse". lol eom
No threats from me. Just a question. I would'nt want to see you made an example of if Dan got sick of the slander. eom
Alphatrade shows 113 million It shows more trades on the level II so I think the .0009 was corrected and shows double transaction. eom