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I was just kidding! I hope we will be fine.
I will get out tomorrow so you guys can have a great run. That is the way it works for me.
Last night my drunk azz put in a order to double my position. It filled at .025 I guess I'm ready to roll!
"you spelled you last name wrong?" LOL The r is not close to the space button. :)
Now the CC went from lies to why can't you get the facts from the CC ?
Go ahead.
How can they be debt free? What about ACYD debt? I am Long just curious?
I don't expect a true answer.
Which side are you on ?
I think you are correct. I have been in a few R.S. it always ends bad. That being said I hope they are not about that.
I thought it was $1? A Split would kill this even if it is the right thing to do. I'm not sure?
Nice. T.Y.
Thinking about jumping in here is it too late?
It's all good. don't have much in this. ;)
Lol I got in because of you and Smart money.
Me. My first stock purchase in 3 years. T.Y.
I could be wrong but I think if you buy at the bid it will show a sell, and if you buy at the ask it will show a buy.
What is going on here? I don't understand. Do we need to move up to the O.T.C.B.B to get respect?
LOL I bought some more at .20 a year ago and was ahead for a liitle while today. Thank you for going over and providing ur service for us...
Ur not getting mine that easy. LOL
I'm ready!
In Curber I trust...lol Frank also.
Is this the week?
Sounds good, I have 5k.
Welcome back!
I predict the 12th of this month. Only because I avg. down last year on that date.
I received my letter... In case we are keeping track.
Thank you for all of your info.
Do you know if the multicom deal is dead?
Been looking at this tonight... A little light on volume.
EXTF is listed here.
The U.S. Securities and Exchange Commission has suspended 26 companies that allegedly usurped the identities of inactive or defunct stocks. The companies include Toronto Stock Exchange listing Paramount Gold and Silver Corp. as well as two Vancouver-linked pink sheets stocks.
In a halt notice posted on the SEC's website Thursday morning, the regulator says that unidentified persons "appear to have usurped the identity of a defunct or inactive publicly traded corporation" and then incorporated new entities using the name of the original. They obtained new Cusip numbers and ticker symbols.
The SEC says the perpetrators falsely represented themselves as authorized officers, director or agents of the original publicly traded company. All of the stocks trade on the pink sheets.
Vancouver background
The SEC says little of the background of the companies, and does not mention that two of them are spam stocks connected to Vancouver.
One is Gaming Transactions Inc., a Vancouver company that formerly held the rights to an on-line gambling site called www.keno.com. In 2005, the stock had a spam-aided run to 98 cents, but it has since fallen to two-100ths of a penny.
At least two Vancouver names have been associated with Gaming Transactions, but it is not clear from the SEC order that they had anything to do with the alleged hijacking. In news releases between May 2, 2006, and Nov. 24, 2006, the company listed its investor relations contact as Barry Reagh. On May 2 Gaming Transactions said "it is pleased to announce that it is building a multiplayer progressive Keno game." Mr. Reagh is a former Vancouver broker fined for his role in the Caprice-Greystoke Enterprises Ltd. market manipulation. (In a February, 2007, interview, Mr. Reagh told Stockwatch the manipulation happened 17 years ago, and said he barely remembered it. He also denied having anything to do with the Gaming Transactions spam.)
Another person associated with Gaming Transactions was Patrick Smyth, a promoter from California who resigned as chairman and chief executive officer on Nov. 24, 2006. According to a 10-K dated Dec. 31, 2002, Mr. Smyth was a director of CYOP Systems International Inc. That company licensed some on-line gambling software from Jacob Kalpakian's Las Vegas From Home.com Entertainment Inc.
The SEC has not accused Las Vegas From Home.com, Mr. Reagh or Mr. Smyth of any wrongdoing, and their names do not appear in the suspension notices.
Mr. Reagh and Mr. Smyth do appear in another stock the SEC suspended Thursday, but again, there is no suggestion in the regulator's order that the men played a role in the hijacking.
L International Inc., a company that purported to make computers, also allegedly took its identity from an inactive stock. It reported on Oct. 26, 2005, that Mr. Smyth had been appointed a directer; and like Gaming Transactions, it listed Mr. Reagh as its investor relations contact starting May 16, 2006.
Also like Gaming Transactions, L International was a spam favourite, appearing in inboxes between October, 2005, and February, 2007. The stock reached a $1.85 high in 2006, but last traded at eight-10ths of a penny.
It is not entirely clear how the SEC alleges that Gaming Transactions and L International hijacked their identities. Gaming Transactions first appeared on the pink sheets in October, 2004. According to pink sheets records, its predecessor was Advanced Voice Technologies Inc., and the stock rolled back 1:100 as it became Gaming Transactions.
In similar fashion, L International first appeared in July, 2005. Pink sheets records state that its predecessor was Shanghai Yutong Pharmaceutical Inc., which rolled back 1:200 when it became L International.
It is not clear from the SEC notice when the hijacking happened, or who was in control of the companies.
Paramount Gold
While the two Vancouver-linked stocks have a common thread, they appear to share little with Paramount Gold, another Canadian on the SEC's list. That company trades on the TSX, has $13.2-million in working capital and last traded at $2.05. Paramount issued a news release Thursday distancing itself from the other companies halted. It said the allegations do not accurately reflect its corporate history.
Paramount is the only company on the list that does not trade on the pink sheets and it is the only one with regulatory filings. It is exploring the San Miguel project in Mexico.
The hijacking problem
In a written statement, SEC enforcement director Linda Chatman said hijackings are a problem, and said the regulator will continue to investigate those involved. Today's suspension is the first action to result from the formation of the microcap fraud working group.
She did not say when or if any charges will be laid.
The SEC credited the help of the RCMP, the Ontario Securities Commission, U.S. Attorney's offices in New Jersey and Florida, the U.S. Secret Service, and the Financial Industry Regulatory Authority (successor to the NASD).
The companies suspended are: Andros Isle Development Corp. (AVPJ); Asante Networks, Inc. (ASTN); Beluga Composites Corp. (BGCC); Cobra Energy Inc. (CBNG); Complete Care Medical Inc. (CCMI); Disability Access Corp. (DBYC); El Alacran Gold Mine Corp. (EAGM); Extreme Fitness Inc. (EXTF); Gaming Transactions Inc. (GGTS); Global Equity Fund Inc. (GEQF); HealthSonix Inc. (HSXI); IQ Webquest Inc. (IQWB); JSX Energy Inc. (JSXG); Kensington Industries Inc. (KSGT); Kingslake Energy Inc. (KGLJ); L International Computers Inc. (LITL); Let's Talk Recovery Inc. (LKRV); Mobilestream Inc. (MSRM); Mvive Inc. (MVIV); Native American Energy Group Inc. (NVMG); Paramount Gold and Silver Corp. (PZG); Regal Technologies Inc. (RGTN); Remington Ventures Inc. (REMV); Straight Up Brands Inc. (STRU); Transglobal Oil Corp. (TRGO); and Turquoise Development Company (TQDC).
SEC suspensions
The suspensions last for 10 business days, or until March 27, 2008. Upon their expiry, the SEC imposes additional restrictions on brokers wishing to trade the stocks. They must keep up-to-date information on the company's financial status and on its insiders, and provide this to potential buyers on request.
Before trading can resume, each broker or dealer that wishes to "publish a quote" for the stock (meaning to submit a bid or an offer) must make sure it has current information about the company. The rule shifts part of the burden of scrutinizing a company's filings from the regulators to the brokers.
The list of information required is long and specific. To submit a bid or an offer, a broker (or dealer) must have a copy of the company's prospectus or its offering circular, its most recent annual report, and any quarterly reports filed after its last annual report. The broker must believe that these reports are current, and current means less than a year old. The wise broker, mindful of U.S. class-action lawyers, should also have good reason to believe.
The broker must have reasonably current information about the issuer's exact name and the name of its predecessor, the address of its head office, its state of incorporation, the exact title of the security, the par value of the security, the number of shares outstanding, the name of the issuer's transfer agent, the company's products or services, the company's facilities, the names of its chief executive officers and its directors, and its most recent balance sheet and earnings statements.
In addition, the broker must know whether it or its associates are associated with the issuer, whether the bid or offer is from another broker (and that broker's name), and whether the quotation is from a director, officer or a shareholder controlling more than 10 per cent of the company's shares. Adding to the inconvenience, the broker must be able to make this information available to anyone interested in trading the shares who asks for it.
In effect, this rule prolongs a 10-day suspension for OTC companies until their disclosure is up to date. It also forces brokers to look more closely at companies that have already drawn the scrutiny of the SEC.
With files from David Ross
24 million? Did you let some go?
My buys are showing up as sells..... Go figure.
What needs updated on the Pinksheet page? Share structure looks correct am I missing something?
TIA
Do you think my wife would go for the "I'm a shareholder" excuse? LOL
I liked it when you got carried away. ;)
That bean company might turn out to be better than we think. Still plenty of good stuff with or without it. ;)