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OT JJ, "The only thing anyone ever gets nailed for in the OTC is deliberately and misleadingly pumping to dump, anything other than that is just too ordinary for the SEC to bother."
Agreed. - That seems to be the practice - Objectives may change though.
Kr
Jens
Kr
Jens
OT: Insider trading regulations not only applies to the typical insider, but it also applies to employees, such as engineers, accountants or others who acquire material information from a corporate source. These persons are considered 'temporary insiders.' The Dirks test holds tippees liable if a) insiders have breached their fiduciary duty to the corporation by disclosing that information and 2) the tippee knows or should know of that breach (Roszkowski 879- 80). To supplement Rule 10b- 5, Congress enacted the Insider Trading Sanctions Act of 1984 and the Insider Trading and Securities Fraud Enforcement Act of 1988 to control insider trading. Texas Gulf Sulfur (1965), the SEC went into court attempting to force repayment of insider profits not only by actual insiders, but those who obtained information from insiders that had not been publicly released. This was a landmark case where the SEC extended liability to the tipper and the tippee.
Do not tell me that those here who claim to be trading for a living, or in other ways act as if - are not knowing the rules.
Kr
Jens
OT: Clark, you are right, it is the same on all boards - plenty of scams going on.
Errol's posts point out problems that indeed are there.
Worldwide Corporate Finance - Markow - I haven't seen him claim Bockler and Lee involved - Seen them mentioned as puppets, that is not quite the same, yet cannot be so IMO, because we do have the contact with Bockler. - You are also right that Bockler and Lee et all from the new company would have too much to loose. Which is also the reason I'm long here.
Still a board that, by decission of one board owner, can remove on topic posts is a stinky board.
Kr
Jens
Kr
Jens
OT The pest, Jerome, goes far beyond the BS and bashing.
All you need to do in order to see that, is to see how succesful SEC is in bringing the reckless hype, fraud hype and inside posting half truth on boards to justice. Going back on this board, there are several posts that may be falling into the criminal category. (stored off-line for future reference)
While looking at errols posts, both deleted and remaining, there was IMO never any lying in them!!!! - Just for the record !!!!
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Jens
Francois, No, I mean it, if (as you said) there is anything you can do there, you should indeed do it NOW.
Kind regards
Jens
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Jens
FG, regarding your reply to want_my_money, that was certainly a nice gesture, sincerely. What can you do for want_my_money ?
Kr
Jens
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Jens
Francois, LOL, Yes is indeed a contradiction there - I guess you understand I meant a balanced view
Sorry to disturb you - But you are right, finding the problems is one of my forces. Made it beyond trading for a living due to that, and without breach of rules too. But eh.. lets get back to SHPS, shall we ?
Kind regards
Jens
Kr
Jens
I see no public confirmation that it is a done deal.
Will you consider if I'm allowed to see it that way ?
Kind regards
Jens
Kr
Jens
TTIME, Do you know anything about the ICCN WCF story ?
Kr
Jens
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Jens
No, I have a balanced bias on SHPS. I do not need say all the good things to come as it has been said over and over by you and a couple of others.
We discuss Worldwide because they seem to be the only ones knowing and controlling what is going on - In fact they own the company, right ?
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No wrong - Why?
Because if the float and OS is as you say, then it is almost all owned by shareholders on the outside, thus the company cannot act at all ! ? !
re ICCN - You do not understand the question. OK so you don't know about it. Goes to determine your level in the food chain there - Do not worry anymore about that question.
Kr
Jens
Kr
Jens
Francois, do not confuse bashing and information exchange.
Again, there are no bashers in my camp.
Yin and Yang rules on any subject - I can asure you that if any bull news of information passed you unnoticed, then I would certainly publish that too.
Apart from that, nothing said on the board RB or here make a huge difference in the trading - In the long term it makes a difference if as many of those contributing to the boards are honest and publish their findings, or share their information when someone ask information which they have.
Anyway, under all circumstances the individual investor becomes more and more knowledgeable day by day, and learn to separate and assess the different tid-bits.
The question was, why you still have fait in WCF, your answer do not satisfy my interest - What are the actual actions, you mention?
Do you know what happened around ICCN and WCF?, they made an agreement which was very sudden aborted by ICCN.
Kr
Jens
Kr
Jens
errol, Merchant link, It is somewhat outdated, yet, describes a red flag.
MRTO has moved: http://biz.yahoo.com/p/m/mrto.ob.html
It may be hard for some to find it there in your link, so here is a cut and paste of the section you mention:
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Charter Pacific's history is particularly interesting. Again, from the same source:
The LA Times article was factually incorrect when it states that the bank was under an order to tighten controls as a result of bad real estate loans. In fact it was under a FDIC cease and Desist Order owing entirely to its Bank Card operation ... Interestingly, it was lifted in March of this year without comment by the bank as to what it had done to satisfy the many requirements.
This past week the bank's CEO issued a letter to shareholders regarding the LA Times article and TV coverage.... Interestingly, he did state that "other news stories may appear" as sort of a forewarning. I reviewed the bank's press releases and noticed that in August they were in the final stages of getting approval to move the Bank Card operation to a separate subsidiary. Undoubtedly they view this as a way to get better treatment from the regulators. For one, it will get the oversight away from the FDIC which only covers state chartered banks. Non-bank subsidiaries are covered by the Fed or OCC, I don't recall which.
Also this past week the bank issued a joint press release with a company called MerchantOnLine.com wherein they would be offering state of the art merchant services to online businesses. Since I know how careful banks are (or should be) in choosing partners, I decided to do a bit of digging. WOW! I wouldn't issue these guys a simple credit card, let alone process their cards or, heaven forbid, form a business alliance with them. It [MerchantOnLine.com] is an OTC bulletin board company that became "public" by means of a hocus pocus process involving a Colorado shell company early this year. Their reported sales are around $200k per quarter, they operate at a loss, and have a $400k deficit net worth. ... A typical pattern for these companies.
After doing some searches, I found that an investment newsletter thebigbulls.com actually shares the same office and telephone number with MerchantOnLine.com. Other searches on the internet yielded numerous links back to MerchantOnLine.com for setting up internet merchant accounts. It appears that they are nothing more than a marketing operation that aggregates accounts to presumably be processed by Charter. Applications can be completed online. They delicately advise that they are specialists in handling 'off shore transactions', and that everything is "real time". In other words, "we'll connect you to the credit card processing systems and you can initiate any sort of charges you wish, and in the blink of an eye funds will be neatly deposited in foreign accounts."
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Kr
Jens
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Francois - Not that I know what it has to do with DD on SHPS, but here are answers to your questions(expecting that you will answer my questions):
1: Currently no position - waiting for the announcing the announcement run.
2: Have never ever shorted any stock. Actually hold strong attitude against shorting, yet as it is a legal way of stockplaying one must accept shorters presence.
3: I'm not bashing SHPSE
4: I have no "associate bashers" posting on RB board. - I have noticed that quite q few of the long there was becoming nervous about the E, and after the filing they act normal again, Is that what you are referring to ?
Kind regards
Jens
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Jens
Francois, it is really time consuming when there are variations in the name of the company. I think you could have provided this info long ago, couldn't you ?
World Wide Corporate Financial
15760 Ventura Blvd
Suite 1020
Encino , CA 91436
(818) 783-0054
Kr
Jens
Yes, to the latter part: "BTW, this has not gone un-noticed in certain circles and more business should accrue to Worldwide, as a result of proving its mettle in very adverse circumstances..."
(somewhat off topic), yet, do you know what happened at ICCN ?
and
Are you an employee at or affiliate to Worldwide Corporate Finance ?
Finally - Who is the TA for SHPS ?
Kr
Jens
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Jens
WCF is Worldwide Corporate Finance, Sy, Markow etc, who has been with SHPS/OSCM all the way.
The question is why you and the rest of the bullish bunch, still trust WCF.
Kr
Jens
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Jens
Was not talking about Rosenfeld and Adler -
This question:
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Why is it that you and the bunch still believe in these guys ? - Do not tell me it is a new SHPS - puppets on a string - string is being held by same operator - IMO until otherwise proven.
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was referring to the operator - WCF
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FG - this (below) was at least public press - Why is it that you and the bunch still believe in these guys - Do not tell me it is a new SHPS - puppets on a string - string is being held by same operator - IMO until otherwise proven.
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OSCM Inc.'s communications division, a developer of Internet applications for fax and IP telephony, reported revenues of $80 million. A significant part of this revenue resulted from OSCM's partnership with CMR Communications Ltd., an Israeli based firm that develops and markets real-time fax with real-time confirmation for IP technology.
"We are now installing over 1000 gateways and 20,000 ports worldwide to support the OSCM/CMR network," said Moshe Brown, CEO of CMR Communications. "Our network, which will act as a telecommunications termination partner, will target millions of new customers and will offer an array of services, including our revolutionary fax-to-e-mail service, which allows businesses and individuals to fax documents to any e-mail address in the world."
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cut from this:
http://www.findarticles.com/cf_0/m4PRN/1999_Oct_5/56742831/p1/article.jhtml
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This is as public as the one you linked to:
http://www.imcadvisors.com/accesstel/accesstel4.gif
Why is it that it is not used in promo anymore ?
Kr
Jens
Would really like to see submitting IP as signature on posts (Like on BOBZ.com) - IMO one of the best ways to prevent that multiface characters ruin the credibility.
And also a PI corner in the lounge. (not under the Sheriff )
Kr
Jens
Will take a while before it will become like SI or RB - In fact it is a question whether the market for these boards is full.
Kr
Jens