To Pay or not to Pay that is the question!

We all want answers to the question, but there are soooooo many possibilities and reasson that we will never know until we know, if we ever do. Atzek has had a year to evaluate the San Felix propeerties (including those PT managed to buy that includes some older mines).

What they did or didn't do we don't know. What it is worth we don't know. What it will cost to clean up Ken A's mess we don't know. Best to just wait, watch and learn. Me, personnally, would rather take much of the 4MM in Atzek Wasta ued to get blasting permits, environmental permits and other Gov't influence with a much lower financial commitment. Only time will tell. So far it has been a nothing event. Give it a couple of weeks. End of the quarter is a week away.

Patience, Patience, Patience

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Dino,

I agree with your postulate. I suggested much earlier that Mesus should consider hydraulic riffles to increase the capture of the fines that you (and I) think are being washed through and not captured. With the the new through-put sluice, I envision, as you do, that much of the fines are not being captured. I'm no expert, but I would think that Au fines (not the larger flakes/nuggets) that are presently separated(sluiced) and cleaned to pure AU)would be more difficult to separate. It would also depend on the sluice collection design (for instance - steel screen vs mesh blankets).

It would seem that some minor $$ could/should be used to evaluate the AU content of wash "mud" to evaluate your question. Sluice design is a question that cannot be answered from existing data and would need more Mgmt comment and/or boots on the gound.

My opinion - get the placer operation running efficiently ASAP. Once that occurs, have Momo/PT look or evaulate the yield efficiency of what would be required to pull more AU from the new placer equipment and is it cost effective to do so.

10-11 days to D-day (Dollar day).

Patience is required

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Here's my two scents(might be smelly) on the status of Mexus and the recent geology update for comments/thoughts.

Great Lemas report and post by TML. Not sure I'm as positive, but we have some REAL data on what is planned in the near future. First, of course is $$ from the placer/San Felix (4MM+/- in 3 weeks+), then Blasting permit and opening up the Julio V mine. We are now in the last stages of waiting, IMHO.

The geology report has a lot of information not yet disclosed publicly that I can tell. Specifically the location of the Mexus claims and surrounding claims. There are 3-5 claims that are adjacent or internal to the Mexus claims that might contain/limit mining. These include the IDANIA FRACC.1 just to the North of the Julio Shaft, the IDANIA FRACC.1 in the NW of MARTA ELENA that contains vein outcrops, DESERT which contains most of vein 1 and target 1, and another DESERT block that contain target 2 zone. All other locations are controlled by the MEXUS/MARTA ELENA claims. It would be great to add or JV these claims if possible to consolidate/eliminate legal issues, I would think.

The proposed drill locations are set to evaluate the veins/shear zones. Several, especially 33-37 are in the IDANIA FRACC.1 zone above the Julio V mine. I have no comments on drill angles, but they are all ONLY 100 meters deep. Expect that all the veins will be much deeper and perhaps even richer in AU.

Reviewing the vein estimates on page 22 indicates AT LEAST 300,000 oz of AU (plus Ag)to only 100 meters. If you expand to 1000 meter (10X) and ADD all the shear zones and heap leach ore,then the maximum value is HUGE.

I would expect some SP movement later in March,

Patience, patience, patience

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The numbers look to me are being controled by the market makers. 492,266 both ways for a penny difference. Trying to influence buyers? Don't know, but take that ~985K off the total significantly lowers the volume.

Just waiting and watching.

For my two Scents - What are CEO has done (except for his lack of info) is the best way to develop our asset. My guess, and only a guess, is the the big "F" was willing to buy in for 5MM is drilling only. Making it a cheap bet for a potentally a great property. I'm thinking that "F" was not in a hurry to develop the Mexus paroperty as they already have their neighbor mine. With Paul not giving up conrol would "force" them to drill, mine plan and start in a timely fashion. PT gave them a lot of opportunity to sharpen their pencils and they did not, so Paul has optioned for plan "B". What that is we don't know, but I'm thinking it is 1. Placer for cash flow/daily expenses and shaft ore thru the mill/sluice for drilling costs to develop a real asset report. Might take another year though.

What does this mean for shareholders? Don't know, but unlikely to get a BIG jump, but small, but steady climb associated with REAL data/PRs. Time will tell and we still have the San Felix/Ures Claim info to come in 8 weeks or so.

Long and strong and hoping for no significant price increase as my IRA diviends start to flow next Monday.

Patience for the Juniors and patience will be advantage with higher Au prices.

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Too Much BS on this board

Here is what I think are the issues or my concerns when investing.

Oversight for Pink Sheet Companies are marginal at best and it is important to get off em as soon as possible. I own another junior gold, Mexus Gold US (MXSG) and there is little shareholder protection. It's all about management and their communications.

10K needs to be out and it will in a couple of weeks. The fact that it will be gives credance to Mgmt. The devil's in the details though and that remains to be read.

We already know that sales for the last qtr were ~3.4MM and net was ~900K so I don't see the actual numbers making any big splash.

The background on properties seems to be another major item as well as the sale/JV announcement. The former should be spelled out, but the latter transpired post August, so there might not be any info regarding them. I also don't think that anything will happen this year as there is too much at stake to do a deal just for any tax advantage.

Share numbers, including the public float, will reflect financial stability and whether mgmt/BOD sold any. I'm not sure that if they sold, forms need to be filed for pinkies.

In SUMMARY,
Most of the bs on this board is just that, BS posturing for pride or agendas that only the poster knows for sure. The 10K will be out within 2 weeks to clear alot of this BS. Not expecting any finallized deals this year, but perhaps some info on a potential sale/JV proposal.

SRGE looks like a place to put down a bet. Sort of like roulette, red or black. Payoff is more like specific number, but the odds are much more in your favor, especially after the 10K is issued and absorbed.

As I tell the MXSG board, Patience, Patience, Grasshopper. It should be a Happy New Year.

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Me thinks you have the cart before the horse. We still have to install the next casing and cement before we drill into the real stuff. Doesn't negate your conclusion, just the reasoning. I expect that we will see a continuing rise in share price into January as year end tax selling ends, probably ended already, and the expectation of great things to come.

Long and strong and expecting great things in 2012.

Wishing all a happy and healthy New Year.

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Tree shaken not stirred.

Great day, IMHO. Needed a trend break and yesterday was toppy. I believe that the MMs took some easy stop losses, but couldn't take it lower. Grabbed a little more, but I too am pretty tapped out. Too much HDY, but waiting for news on both in the next month.

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I called IR late Friday.

They are in Denver, but the Offices are, in fact in Australia. My questions were concerned with Drilling and costs. They are/will be raising some cash from institutional investors, but cash on hand, ~500K, would probably be sufficient to drill several wells. (I'm not convinced yet). IR said that he would be talking to the home office today for confirmation and he will get back to me. We will see and I'll keep the board informed when I get any info.

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MM's are market makers not candy. As I understand it MM's can have unbalanced books on a day to day basis, but must balance sometime, I think weekly. Not sure about the when though. Way out of my league here, so maybe help can find it's way to straighten you out.

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Ain't got commercial gas yet, but they should find it by May day. One question in my mind is where are all these buy shares coming from? Someone is accumulating daily and the MM is limiting the price rise to a couple of pennies a day w/o sales. i'm confused.

This puppy and HDY are brothers. Only SPLM Management wants to sell out for $50-100+ and HDY management wants to grow their share price >>$50.00- 100+. I'll take either or BOTH.

I got 'em both, but can't see selling HDY for SPLM, so I've got a lot less of SPLM. Hoping for a some positive news from April Drilling and big bucks in June, so I can sell some SPLM and pick up more HDY before they drill in October. Kind of optimistic, but there is always hope. If it doesn't happen then, I will hold 'em till it does.

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Kudos, your concern is legit, but RL and Co realize this. Their 1st attempt was to try to get a poison pill which was shot down by 3-4 million shares. THey needed >50% of the outstanding shares (~126MM) and only got ~60MM+. However the fact that they almost made it, IMHO, means that they are close and the possability of a DANA type takeover is small (But it is finite). RL is building reputation with RoG and Institutional funds so I think that an attempt to take us out before drilling is now low, but it could still happen. There were 20MM shares that didn't vote for proposals 2 & 3 and thus prohibiting their acceptance. These votes could be critical.

It would be shortsighted to let your shares go for less that $50-100.00 based on potential, but everyone has a sell point and you are right, manangement has no control today. It's retail, funds and Watts right now. Probably going to change in the next 6 months though.

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Red:
That 4.47 close was filled with the 4.47 low on the 16th.

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We have no idea yet what they gave up now. A quick calculation from the CC presentation is that we probably gave up blocks F20 and G22 giving us 23878 sqkm 0r ~24000sqkm.

The big question,in my mind, is where does the next 25% give back in 2013 come from and who defines it. If it depends on the existing block definitions, then we've given up the ranch. Could be some hardball in that decision.

I agree that RL apparently has given up essentially fluff that our previous management held fast to, but I still feel the China has it's claws into Thiam and political decisions.

We will have to wait for more info.

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Their yr end is April 30.

Expect 10Q next week, but don't expect too much as all the recent PR's will affect 4th Qtr and 2008. A PR on Cinnachol and PurEffect will send this to the moon. I expect them to come out soon, maybe at the same time as the 10Q.

Patience, Patience, Patience

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CVS.com has $10.00 off

and free shipping on any order over $50. 2 bottles of Cinnergen @ 28.99 goes for only $47.98 delivered. Check it out.

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Mr Weiss doesn't answer my eMails either

Hillz - I think you're right on

But the sly old Fox is thinking 3-5 yrs out, IMHO. Let's see what we have in 2006 and then what's expected in 2007-08.

1st. we have a "committment" of up to 50MM per yr in W/I purchases/investment by OilPods. OilPods sold out Goliad, has started to sell Brookshire, and I don't know about McFadden or San Juan. PRVB can't sell out W/I too early as they will need to return Capital if production doesn't happen within a reasonable timeframe. Thus McFadden and San Juan haven't really started yet. Also to read the OilPods web, Investors haven't yet started getting checks for Goliad. PRVB needs to make sure that the fatted cow doesn't go to another pasture, or the 5 yr plan may be in doubt, so the investors need to fed profits ASAP.

2nd. BF will need to "find" something for OilPods to invest in and for the shareholders to look forward to in 2009-2010. Once Goliad ( the Powder River Basin Gas Field) is developed and their other existing rework fields have been completed, they will start on McFadden (Cpt 2007) and then San Juan (Cpt 2008) and then what? Me thinks Oil Sands. OilPods can be the capital source, if need be, but I'm expecting real earnings/cash flow from the PRBGF and McFadden to produce alot of $$$$. In addition the Oil Sands are right in the sly ones back yard, so he might have some insight there.

3rd. PRVB is STILL a ONE MAN show and as such shareholders will be held hostage for a while. I think that there will sufficient development such that the share price will continue to advance, but not nearly as fast as is could if we had an independent BOD and an actual CFO. Time will tell here on this topic.

BOTTOM LINE: PRVB is vastly underpriced based on assets in the ground, and will, in all likelyhood, increase in price in 2007 as new wells come on line and it's gas is passed. It's true value will likely never be reached until there is more accountability and it is listed on a higher exchange.

I'm fully invested in PRVB and will remain so until PRVB get's alot closer to it NAV.

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Here's my thoughts from RB

It(PRVB's game plan) is all pretty simple. There are a boat load of old weels that@ $20/BBL aren't worth squat, but at $60/BBL are worth putting $$ into recovery. There is also much better technology today so "new" opportunities to find hidden gems are available. BUT it takes $$ to find new resources and to work old properties. Most small companies w/o any retained earnings or capital in the bank go to the loan sharks or hedge funds for capital and get into the convertible debenture shorting cycle. PRVB's plan is simple - Find reworkable properties or use 3D seismic to find New resources and sign these for relatively small bucks with an overriding royalty. Then go to OilPods and have them market up to 25% working interest in these properties for millions. PRVB records these W/I sales as income as they receive the OilPods $$, but they will expense some as they develop the properties. As I read the OilPods information, if PRVB doesn't develop or if they are not successful in developing 7 wells within six months of the recording of the change in Working Interest, then investors start to get return of capital checks at the tune of 9%/year. This reduces risk for the investors, and limits downside to PRVB to the cost of drilling/seismic. For this they pay a 20% commission up front to OilPods(?).

Now this approach is "unique" and eliminates the dreaded dilution that occurs with most methods of raising capital, but it does have its drawbacks. The main one being that IF the field doesn't produce >7 wells, PRVB must start to return capital from existing cash. That lmeans that each field that PRVB markets MUST be successful or they need to raise additional $$ to pay for the unsuccessful drilling as well as the return of capital. So far BF has been right on. Goliad, with it's 8+ wells is ok. Brookshire with it's one well is not, yet. I recently received the Nov/Dec 2006 newsletter, which indicates that they are planning 12 wells on Brookshire and the OilPods video indicates that they are raising 20MM for Brookshire. This indicates to me that 1) Brookshire is BIG and 2) next year will be a watershed for us (of coarse, there is always the posibility that they need $$ for return of capital too, but with all the cash in the bank this seems unlikely - but it must be considered as an invstment concern. Maybe this is why the STREET has not embraced PRVB yet). All this is just the result of digging and is just my opinion as both Weiss and Fox don't return calls or eMails.

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Midwest;

Goliad is fully permitted to drill the last 6 wells, if you believe what BF has said. These were to be finished by year end, but because of water have slipped. Brookshire was to drill three, evaluate and and then go to 12. Time will tell. O&G sales are supposed to be in the MM, but it's all off the record as it's only hearsay and not hard published fact.

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OilPods revisited.

PRVB. I totally agree with you, with one caviat, be it small (and probably not important, but time will tell). That is that the investors will get return of capital after 6 months @ 9%. It behoves the management to drill 7 wells ASAP to minimize this. Goliad with it's 8 wells is beyond this. Brookshire now needs 7 wells.

It's interesting how IR is so incompetent, but maybe Weiss's hands are tied. Early PR's on Brookshire was to drill 3 wells and then evaluate. OilPods video says it's raining 20MM. I just received the Nov/Dec newsletter that says Brookshire to drill 12 wells. Who's on 1st? The shortstop, I don't know< seems to be the only one who nose.

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PRVB

I'm in agreement with you 100%. Everything that you've stated has been written in PR's and 10Q's/10K's. But what hasn't been written/discussed is what's expected by the Asian investors in OilPods. Check out their website (www.oilpods.com). Listen to the video. BF is on it so that the content must have his approval. This explains how the $$ are raised (I'm assuming that the 20% commission is to OilPods). Listen and read the products and you find out why the little guy is investing. The way I read it is that the first monthly income check comes 6 mos after completion of title transfer of the individuals piece of a property. This is RETURN OF CAPITAL at 9%/yr if 7 wells are not in production. Expected short term breakeven is 3-5 years. To meet these expectations a lot of invested capital will need to be returned, IMHO. Am I correct and are we actually returning invested capital to the OilPod investor? With all the cash in the till, why haven't more rigs been purchased to rework the wells and cease returning capital? The original plan was to drill 3 wells on Brookshire and then determine future plans, so why is OilPods trying to raise 20MM on Brookshire, especially since the overall plan has yet to be defined?

I'm not denoucing the King and am 100% invested, but PRVB is still a one man show and there are a few ?? still to be explained by the CEO/CFO/COO.....

Long and Strong and waiting (for next year?).

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PRVB-

They haven't sold WI for cash yet. According to the OilPods video, they are raising 20MM. Don't really see why PRVB needs 20MM more, but I'd expect that this 20MM will lower the WI to 65-75%. Time will tell.

Patience, Patience Patience

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What we need is O&G sales

and additional properties. Sizzle drives share prices, sometimes, but steak is required to maintain higher prices. PRVB is still a puppy and until the Sly Old Fox gets sufficient wells reworked and/or drilled it will remain so. Brian has taken a sick, undernourished DOG and has invested his capital and provided a new method to finance his properties by buying 75-100% WI and then selling 25% for BIG gains and thus profit $$, and not using debt(shares or convertibles) IMHO, until O&G sales carry expenses, PRVB will be considered a marketing play and NOT an O&G play and the share price will be about what it is. Having said that, I totally believe that O&G sales are now, or will be soon, doing just that.

I agree that there is a BIG problem with information and it is not being addressed. BF's approach to disseminating info by way of radio and/or interviews is OK, if and only if, he continues it frequently and honestly. The last one indicated a lot of things were going on in late October and November, but we know from the 10Q that weather delayed much of it. Where is the follow up? WIll Goliad be completed this year? Brookshire hook-up? San Juan? Too many ?? and no answers.
One need to be Patient and allow a sick patient to get totally healthy before one gets too upset with management.

I continue to hold and buy on dips

Patience, Patience, Patience

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Gold - A penny wise and a pound foolish


Not worth trying for that last 1/2 scent unless you're trying to buy 25K or more or you're a trader. There isn't a lot of volume out there on the sell side either and the bid ain't the buy. But you never know with these penny .OB stocks. Looking for some updates Mr. Fox, PLEASE

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PRVBwealth

Who's Transcontinental Minerals Corp. MY guess is that's who is getting the 20% Commissions. Can't find out any info on 'em, but their home page shows the three active PRVB plays

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jj - WI sales have been the ONLY profit

as the CEO has stated many times that MARKETING is his approach to raising capital rather than debt and/or the issuance of shares and it will take time to develop these fields. It is, however, a little disappointing that O&G sales decreased in the 3rd qtr, but not that surprising as NG prices tumbled and they needed to scale back volume. They had drilled new wells during the qtr, but they were connected late in the QTR.

The price of the stock is still low. WHY? We will never really know as all is pure speculation. My thoughts are still that W/O SIGNIFICANT O&G sales the price is about right. There still is the concern as to WHO is being paid these fantastic commissions for WI sales and WHEN is additlional wells to be drilled and WHERE is the PR department. I will continue to hold and pick up cheap shares periodically.

As I've stated many times, Patience, Patience, Patience

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Dilution is my only worry

The PRVB corporate plan is to sell WI for CASH to develop properties and not raise capital thru issuance of stock. This CASH is reported as income, but will be expenced as COSTS as wells are drilled. Inorder to continue to report INCOME, O&G sales will have to be higher than overhead and drilling costs or additional WI's in new properties will need to be sold(like McFadden or San Juan). This plan requires that BF will need to find NEW properties to sell WI in. The ISSUANCE of stock is NOT in this business plan to my knowledge. Some MINOR dilution as employee stock options might be, but these should be insigificant vs current ~130MM shares issued and outstanding. BF has stated that there are no more warrants so I'm thinking that what you sees is what you gets ~130MM. I'm looking for a loss in this 10Q W/O additional WI sales, with a big increase in O&G sales that will produce a small profit ( but Offset with drilling costs). Of course, I'm just guessing.

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BNG - Operations Model is Simple

Find properties that are either undeveloped or worked out using old technologies. Buy 100% working interest (minus royalties to the owner). Sell ~25% WI to investors. That $$ is PROFIT and report it as such and put it in the bank. Use it to develop the property (cost) over 2-3 yrs. Also use 3D seismic to enhance knowledge of underlying recoverable gas and oil. So far it's working great. PV10% approaching 1B and growing. Haven't drilled a dry hole that I know of. Rework schedules have slipped because of weather and daily production increasing. Only problem is OS, which will probably approach 150MM. That said TODAY @ 150MM and approaching 750MM PV10% PRVB is a STEAL. All IMHO

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You know the best way to beat the shorts

is to perform. "Nough of this dividend manipulation to try to squeeze the shorts. Let's get on about sales and earnings and the shorts will run for cover.

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I believe that it is 1:2. A previous PR indicated that they had about 20M to distribute and this would make it about 1:2

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This summarizes most message boards

Just substitute HQNT for the student

“Socrates”

Keep this philosophy in mind the next time you either hear or are about to repeat a rumor. In ancient Greece (469 - 399 BC), Socrates was widely lauded for his wisdom. One day the great philosopher came upon an acquaintance who ran up to him excitedly and said, “Socrates, do you know what I just heard about one of your students?” “Wait a moment,” Socrates replied. “Before you tell me I’d like you to pass a little test. It’s called the Test of Three.” “Three?” “That’s right,” Socrates continued. “Before you talk to me about my student let’s take a moment to test what you’re going to say. The first test is Truth. Have you made absolutely sure that what you are about to tell me is true?” “No,” the man said, “actually I just heard about it.” “All right,” said Socrates. “So you don’t really know if it’s true or not. Now let’s try the second test, the test of Goodness. Is what you are about to tell me about my student something good?” “No, on the contrary.” “So,” Socrates continued, “you want to tell me something bad about him even though you’re not certain it’s true?” The man shrugged, a little embarrassed. Socrates continued. “You may still pass though, because there is a third test - the filter of Usefulness. Is what you want to tell me about my student going to be useful to me?” “No, not really...” “Well,” concluded Socrates, “if what you want to tell me is neither True nor Good nor even Useful, why tell it to me at all?” The man was defeated and ashamed. This is the reason Socrates was a great philosopher and held in such high esteem. It also explains why he never found out that Plato was banging his wife.

Financeguy

What makes you think that HQNT will spin off the software? Granted the PR says Company, but the title says Subsidiary. The two words are much different. If it's just to get the proper management on the software side, then there is NO NEED to split off financials UNLESS they are reported and defining the software as a SUBSIDIARY doesn't force reporting (as it would if it was a spun off Company), in fact it might provide another delaying excuse. Did the Nathan's apply some pressure? Is this a precurser to a spin off? Only the Shadow knows!

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From another board

Dear posters....this from another board. Finally some action being taken to stem the continual outrages against the common shareholder.....please take whatever actions your consciences would dictate...to wit;

5 trillion SEC Negligence Suit moving forward

Bank Activities Reform Commission Asking 200 Public Companies To Help Reform United States Securities and Exchange Commission

$5 trillion SEC Negligence Suit moving forward with lead plaintiffs signing on. London Stock Exchange enforces ethics policies better than US. Stock brokers and banks to be named in class action united by American Bank Activities Reform Commission.

New York City, New York (PRWEB) January 2 2004--Free and Clear Press Corps - The American Bank Activities Reform Commission (ABARC) has launched a contact campaign to unite domestic efforts of small cap companies and their stockholders ahead of a planned $5 trillion class action lawsuit against the United States Securities and Exchange Commission which will charge the Commission with negligence in enforcing the Truth in Securities Laws of the United States.

The London Stock Exchange has out enforced the United States Securities and Exchange Commission and the NASD with its severe stance on naked short selling involving Room Service (LSE: RSV).

To that end ABARC is asking stockholders and the managements of companies victimized by naked shorting to join in the planned suit as Lead Plaintiffs through an action which plans to name not only the SEC as an agency of the United States government as the key defendant in the case, but also past and present attorney’s who have worked for or represented the SEC. All told, more than 4,000 SEC registered attorneys may be called upon to tell the truth, the whole truth and nothing but the truth in the case.

Unlike the SEC and NASD, which has electronically penned almost insignificant “small fines,” but which in general has left most of those involved in the practice alone, the LSE has simply ordered market makers involved in the scandal to give investors who did not receive shares their money back. ABARC claims that more than $100 billion has been lost in equity due to the SEC’s negligence in enforcing the Truth in Securities Laws, particularly as it relates to naked shorting.

In the U.S., investors and companies have separately gone to court to seek shares or compensation to seek retribution for the damaging practices of offshore companies, mostly engaged in illegal money laundering for organized crime figures in New York. Some of the members of organized crime families have managed to infiltrate the SEC, the CIA, the FBI and other government agencies and have had a revolving open door to the SEC since the first bootlegging Chairman, none other than Joseph Kennedy, took office in the 1930’s.

ABARC plans to name brokers and market makers who have been previously mentioned in U.S. actions, including E*Trade Group, Inc.; Charles Schwab; A.G. Edwards, Inc.; Citigroup; Bank of America; Deutsche Bank; Depository Trust and Clearing Corporation; FleetBoston; H. Myerson & Co.; H&R Block; TD Waterhouse Group; Ameritrade; Bear, Stearns; Credit Suisse First Boston; Deutsche Bank Securities Inc.; Donaldson, Lufkin & Jenrette Securities Corporation; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Lehman Brothers Inc.; Merrill Lynch, Pierce, Fenner & Smith; Morgan Stanley & Co. Inc.; PaineWebber Inc.; Prudential Securities Inc.; Salomon Smith Barney Inc.; SG Cowen Securities Corporation; Warburg Dillon Read in addition to dozens of other bankers and lawyers currently under investigation by the International Bank Activities Reform Commission (IBARC).

British investors who have also invested in US stocks are not satisfied with recent actions taken by the London Stock Exchange in the Room Service action. Nigel Smith of the Room Service Shareholders' Action Group said the offer is "totally unacceptable,” and criticized the exchange for not consulting shareholders before extending the offer.

ABARC is seeking to unite stockholders and companies under one consolidated legal action to not only seek restitution but to negate the possibility of future naked shorting actions by organized crime on both sides of the Atlantic. Some volunteers have also set up a web site called www.investigatethesec.com with over 1,000 persons and over a dozen victimized companies having signed petitions for the US Congress to intervene.

The recent discoveries at Parmalat in Italy has resulted in calls by IBARC leaders for the resignations of top Italian government officials including the head of the Central Bank of Italy and its Prime Minister. Certain attorneys who worked for the SEC during the past 15 years knew or should have known about Parmalat and its phony accounting. The US SEC only recently filed a civil complaint against former Officers and Directors, once again too little too late.

Many market makers, including Evolution Beeson Gregory, sold more shares in Room Service than existed, leaving many investors without either their funds or their certificates. The LSE told the market makers to pay investors who bought “shares” between September 25 and October 22, when trading was suspended, the price they paid for the shares plus any costs of the transactions. The British Financial Services Authority is continuing to investigate the scandal. Trading remains suspended due to what the LSE said was the size of the short positions, but the exchange said trading should begin again after the conclusion of the settlement offer.

In an effort to cover up its negligence in the United States, the U.S. Securities and Exchange Commission has put out Regulation SHO for comment that will end January 5, 2004. Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609 is also to be named in the planned class action by BARC members who join as lead plaintiffs. “The SEC should have dealt with this issue in late 80’s,” says one volunteer. “They are running 13 years behind and should have known and in fact did know about the issues soon to be addressed in the Federal Court of Claims.”

Comments may be submitted electronically at the following E-mail address: e-mail protected from spam bots. All comment letters should refer to File No. S7-23-03. Comments submitted by e-mail should include the file number in the subject line. Comment letters received will be available for public inspection and copying in the Commission's Public Reference Room, 450 Fifth Street, NW, Washington, DC 20549. Electronically submitted comment letters will be posted on the Commission's Internet web site (http://www.sec.gov).

Dave Patch, an investor who has been working for almost a decade to bring an end to the abusive naked short selling practices while bringing the attention of the mainstream media to the issue has called the recent proposed regulations “another failure to address how and why it is manipulative, abusive, and problematic and as such fails to drive to the root of the issue”. His comments can be reviewed at this link: http://www.sec.gov/rules/proposed/s72303/depatch110603.txt

IBARC has been critical of the SEC's civil penalty judgment against WorldCom, which provided that WorldCom was liable for a civil penalty in the amount of $2,250,000,000. It further provided that, in the event of confirmation of a plan of reorganization of WorldCom by the Bankruptcy Court — which occurred on October 31, 2003 — WorldCom's obligation to the SEC shall be satisfied by the company's payment of $500,000,000 in cash and its transfer of common stock in the reorganized company having a value of $250,000,000, on the effective date of its plan of reorganization. Under the terms of the settlement, the funds paid and the common stock transferred by WorldCom to satisfy the SEC's judgment will be distributed to investor victims of the company's fraud, pursuant to Section 308 (Fair Funds for Investors) of the Sarbanes-Oxley Act of 2002.

IBARC claims that the entire $2.25 billion civil penalty should be returned to investors, not just $500 million in cash and $250 million in common stock. IBARC also points out that the appointing of former SEC Chairman Richard C. Breeden, who is currently serving as WorldCom's court-appointed Corporate Monitor, to be the Distribution Agent to supervise the distribution of the SEC's civil penalty judgment against WorldCom, smacks of conflicts of interest since the SEC should have known about WorldCom’s fraud when Breeden was the Chairman of the SEC.

Observers of the growing revelations of SEC negligence, particularly in the case of naked short sales have said that trades “do not settle” because broker-dealers do not effect buy-ins, as required by law, and that there is an unspoken understanding that any brokerage that tries to force a buy-in will be retaliated against. The SEC has failed to inform the public under the Truth in Securities laws who those brokers are despite the fact that it has records of every naked short sale in the market. “The SEC is covering up what could lead to a total collapse of the banking industry if every investment banker is forced to cover every naked short position in the market”, says one private investigator that dared not call it international conspiracy to defraud.

ABARC has begun its campaign to contact the following companies and their stockholders to join in the suit against the SEC and the other named defendants in the class action as lead plaintiffs:

Advanced Viral Research Corp. (OTCBB: ADVR), AdZone Research, Inc. (OTCBB: ADZR), Amazon Natural Treasures (OTC: ANTD), America's Senior Financial Services (OTCBB: AMSE), American Ammunition, Inc. (OTCBB: AAMI), AngelCiti Entertainment (OTCBB: AGLC), ATSI Communications, Inc. (OTC: ATSC), Federal Agricultural Mortgage / Farmer Mac (NYSE: AGM) Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV), American International Industries (OTCBB: AMIN), Ameri-Dream (OTC: AMDR), Adirondack Pure Springs Mt. Water Co. (OTCBB: APSW), ATSI Communications, Inc. (OTC: ATSC) Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB: BLIIV), Bentley Communications (OTCBB: BTLY), BIFS Technologies Corporation (OTCBB: BIFT), Biocurex (OTCBB: BOCX). Broadleaf Capital Partners, Inc. (OTCBB: BDLF), Chattem, Inc. (NASDAQ:CHTT), Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), CyberDigital, Inc. (OTCBB: CYBD). Diamond International Group (OTCBB: DMND), Dobson Communications Corp. (NASDAQCEL), Eagle Tech Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH); Endovasc Ltd. (OTCBB: EVSC), Enviro-Energy Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC: EPTC), Environmental Solutions Worldwide, Inc. (OTCBB: ESWW), EPIXTAR Corp. (OTCBB: EPXR), eResearchTechnologies, Inc. (NASDAQ:ERES), Flight Safety Technologies (OTCBB: FLST), Freddie Mac (NYSE: FRE), FreeStar Technologies (OTCBB: FSRCE), Geotec Thermal Generators, Inc. (OTCBB: GETC), Genesis Intermedia (OTC: GENI), GeneMax Corp. (OTCBB: GMXX), Global Explorations Inc (OTC: GXXL), Global Path (OTCBB: GBPI), GloTech Industries, Inc. (OTCBB: GTHI), Green Dolphin Systems (OTCBB: GLDS), Group Management (OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), Hyperdynamics Corp. (OTCBB: HYPD), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), International Broadcasting Corporation (OTCBB: IBCS), InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Investco Corp. (OTCBB: IVCO), Lair Holdings (OTC: LAIR), Lifeline BioTechnologies Inc. (OTC: LBTT), Life Energy & Technology (OTCBB: LETH), MBIA (NYSE: MBI); MegaMania Interactive (OTC: MNIA), MetaSource Group, Inc. (OTCBB: MTSR), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), Medinah Minerals (OTC: MDMN), MSM Jewelry Corp. (OTC: MSMC), Nanopierce Technologies, Inc. (OTCBB: NPCT), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Navigator Ventures (OTC: NVGV), Orbit E-Commerce, Inc. (OTCBB: OECI), Pitts & Spitts (OTC: PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PACC), PayStar Corporation (OTC: PYST), Petrogen Corp. (OTCBB: PTGC), Pinnacle Business Management (OTC: PCBM), Premier Development & Investment, Inc. (OTCBB: PDVN), PrimeHoldings.com, Inc. (OTC: PRIM), Phlo Corporation (OTCBB: PHLC), Resourcing Solutions (OTC: RESG), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp. (OTCBB: RMECE), RTIN Holdings (OTCBB: RTNHE), Saflink Corp. (NASDAQ:SFLK), Safe Travel Care (OTCBB: SFTVV), Sedona Corp. (OTCBB: SDNA); Sionix Corp. (OTCBB: SINX), Sonoran Energy (OTCBB: SNRN), Starmax Technologies (OTC: SMXIF), Storage Suites America (OTC: SSUA), Suncomm Technologies (OTC: STEH), Sports Resorts International (NASDAQ:SPRI), Technology Logistics (OTC: TLOS), Swiss Medica, Inc. (OTCBB: SWME), Ten Stix, Inc. (OTCBB: TNTI), Tidelands Oil (OTCBB: TIDE), Titan Construction (OTC: TTCS), Trezac Corp. (OTCBB: TRZAV), Universal Express, Inc. (OTCBB: USXP), Valesc Holdings, Inc. (OTCBB: VLSHV), Vega Atlantic (OTCBB: VGAC), Viragen (AMEX: VRA), Viragen International (OTCBB: VGNI), Vista Continental Corporation, (OTCBB: VICC), Viva International (OTCBB: VIVI), Vtex Energy (OTCBB: VXENE) and Wizzard Software (OTCBB: WIZD), WorldTradeShow.com (OTC: WTSW) and Y3K Secure Enterprise Software, Inc. (OTCBB: YTHK). All American Food Group Inc (OTC: AAFGQ), Amanda Co Inc (OTC: AMNA), Antra Holdings (OTC: RECD), Aquis Communications Group Inc (OTCBB: AQUIS), Avanir Pharmaceuticals (AMEX: AVN), Bionutrics Inc (OTC: BNRX), Brilliant Digital Entertainment Inc (AMEX: BDE), Bravo! Foods International Corp. (OTCBB: BRVOE), Butler National Corp (NASDAQ: BUTL), Calypte Biomedical Corp (OTCBB: CYPT), Chemtrak Inc/DE (OTC: CMTR), Clicknsettle Com Inc (OTCBB: CLIK), Corporate Vision Inc (OTC: CVIA), Crown Laboratories Inc/DE (OTC: CLWB), Dental Medical Diagnostic Systems Inc (OTC: DMDS), Detour Media Group Inc (OTC: DTRM), Also, Digital Privacy Inc/DE (OTC: DGPV), Senior Services Inc (OTC: DISS), International Inc (OTC: DYNX), Endovasc Ltd Inc (OTCBB: EVSC), Esynch Corp/CA (OTCBB: ESYN), Focus Enhancements Inc (NASDAQ: FSCE), Frederick Brewing Co (OTC: FRBW), Greystone Digital Technology Inc (OTC: GSTN), Havana Republic Inc/FL (OTCBB: HVNR), Henley Healthcare Inc (OTC: HENL), Hollywood Media Corp (NASDAQ: HOLL), Ibiz Technology Corp (OTCBB: IBZT), Diagnostic Systems Inc/FL (OTCBB: IMDS), Imaging Technologies (OTCBB: IMTO), Integrated Surgical Systems Inc (OTCBB: RDOC), Interferon Sciences Inc (OTC: IFSC), Interiors Inc (OTC: ITRNA), Laminaire Corp (OTC: THMZ), Medisys Technologies Inc (OTC: SCEP), Milestone Scientific Inc/NJ (AMEX: MS), Nevada Manhattan Group Inc (OTC: NVMH), Innovations Inc (OTCBB: NTGE), Systems Group (OTC: OSYM), Pacific Systems Control Technology Inc (OTCBB: PFSY), Professional Transportation Group Ltd Inc (OTC: TRUC), Rnethealth Inc (OTC: RNTT) Sand Technology Inc (NASDAQ: SNDT), Sedona Corp (OTCBB: SDNA), Silverado Foods Inc (OTC: SVFO), Stockgroup Information Systems (OTCBB: SWEB) Surgilight Inc (OTC: SRGL), Tasty Fries Inc (OTCBB: TFRY), Tech Laboratories Inc (OTCBB: TCHL), Teltran International Group Ltd (OTC: TLTG), Titan Motorcycle Co of America Inc (OTC: TMOTQ), Trans Energy Inc (OTCBB: TSRG), Motorcycle Co (OTC: UMCC), Universal Communication Systems Inc (OTCBB: UCSY), Medical Systems Inc (OTC: UMSI), Vianet Technologies Inc (OTC: VNTK),Viragen Inc (AMEX: VRA), Webcatalyst Inc (OTC: WBCL), Worldwide Wireless Networks Inc (OTCBB: WWWNQ), and ZAP (OTCBB: ZAPZ).

Ongoing investigations by IBARC in New York, Liechtenstein, the British Virgin Islands, Grand Cayman Islands, Isle of Man, United Kingdom, Italy, Panama, and Switzerland into such funds as Laurus Master Fund Ltd., The Keshet Fund L.P., Keshet L.P., Nesher Ltd., Talbiya B. Investments Ltd., Esquire Trade & Finance Inc., Amro International and dozens of others are turning up initial evidence related to about two hundred companies in the United States whose stockholders have lost over $100 billion in value over the past decade through toxic financing schemes arranged by various organized crime syndicates managed out of New York City.

The first Bank Activities Reform Commission was started in 1993 in Portland, Oregon by a group of disgruntled homeless people who had lost their economic means due to inflation, abusive banking practices, and corruption in the global financial system.

After ten years of research and development, the group has grown international in scope and has gathered sufficient evidence on many different fronts that it believes will support the radical reform of the entire banking establishment in the United States making it far more transparent than as currently exists.

The long-range goal of the International Bank Activities Reform Commission is to put ethics in on the global financial system. The effects of its work are beginning to be felt around the world as more volunteers blow the whistle on corruption at the highest levels of various governments on the planet.

Persons and companies with knowledge of illegal naked short selling, government corruption, or who wish to join in the class action may post their case and contact information at the following web site:

http://pub32.ezboard.com/binternationalbankactivitiesreformcommissionwhistleblowerscommunity

Profit

Old info, and I agree, but if the hair on the back of one's neck get's riled then one can continue to do damage on the short side, especially from Slovania. I used the Miles reference as an example, as I have no specific knowledge, except the information that was in that old email. Any organized naked outfit can continue to short, IMO. Short HQNT or SNDH or any other pinkie. I think DC is under the illusion that if your on the pinks you're safe.

All this naked shorting will eventually cost someone a boatload of money. Of course, many companies will just go under and then covering is zero, but me thinks HQNT will not be one of these, but rather the expensive alternative. The only problem is how long our investment will dead money.

a

Prinz

Who knows who's selling. It could be more naked shorts selling to the MM. Investors will be the way to higher prices and if Bill Mathews can't get 'em, then you need fundamentals. That means financials, sales increases, profit increases, more investment letters recommending, and a stock price that also increases. Of course, DC has p**sed off Miles, so he may never lift his foot off of the throat of HQNT, but fundamentals are the only way out, IMO.

a

It's politics as usual

DC thought he had 'em by the shorts, but they will just keep buying a new pair and pass the old ones around. Too much power in the DTCC to stop it. If they can stop NBC/GE (Stock-gate)then they can stonewall anybody, IMO. DC needs to finally understnd this. He needs to stop jousting at windmills and beat 'em with finacials. Hire staff and PR. Keep giving out the dividends so that eventually the shorts will be hurt or go away. It seems to me that we have a couple of kids knocking heads over what's right and legal, while HQNT is in limbo. If the software is as good as everyone seems to think it is, HQNT should be out there selling it, not living in their shell with an answering machine.

a

Don't forget

Volumes on Naz and pinkues are total volumes that include both buys and sells. Therefore any numbers generated from reported volume need to be cut in 1/2 (at least).

a

Taxes

I think this is the way you need to treat the cost basis for the SNDH dividend. The way I read the 4/27/05 the following should be your adjusted cost basis for HQNT and SNDH. HQNT will be .50981 of your purchase price of HQNT and SNDH will be .49019 of your purchase price of HQNT. This is based on .26/.51 for HQNT and .25/.51 for SNDH as stated in the PR. Comments from the tax experts

al

I don't see the financials coming

anytime soon. DC is playing his game and he's afraid that when HQNT becomes up to date as far as financial reporting is concerned, then HQNT will go back to the BB and with it the Berlin shorts can again pull down his shorts. He has reported '03 as 13 scents in PR's so the numbers have been generated. It's interesting to note that this number is right on what Bulldawg reported in his minutes of the shareholder informational meeting last summer and reported on his home page.

a

Only the Shadow knows

how big the short position is or even if there is one. The DTCC knows, but they aren't talking. We THINK that DC knows because of the information obtained with HNST dividend, but that was "old" info. We would have learned a lot more if the "Dateline" program was aired, but alas it never happened. There have been many companies which have been "attacked" by short selling and never got there heads above water after the attack. IMO, DC has been on a crusade to break this practice. We will see what happens. In any event, HQNT is a company that has no debt, manufactures goods and has earnings. The bashing/shorting has put a limit on the stock price and forced DC to stay on the pinks, where reporting is not necessary. With a PE of <4, dividends, needed products and sales growth, what would anyone expect the stock price to be? 45 scents? Not likely. Since the stock price is based on sells VS buys, what is keeping the price where it is? Likely naked shorting, IMO. No proof that is ONLY held @ DTCC.

a