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I believe the Matrix attorney is Nathan Whitney Drage, in Utah.
Drage Law Firm
Address: 4766 Holladay Boulevard
Holladay, UT 84117-5486
Map & Directions
Phone: (801) 273-9300
Fax: (801) 273-9314
E-mail:
Web site: http://www.nathandragelawfirm.com
http://www.dragelawfirm.com
Offers Free Initial Consultation
Accepts Credit Cards
I'll get the Utah state bar info and post it.
Usually, you get the form from the state bar - that is the agency that regulates and licenses attorneys admitted to practice law in that state.
Each state maintains its own registry of lawyers who are licensed to practice in that state. In order to practice law in more than one state, you either have to 1) be admitted by the Bar of each state, or 2) get permission to practice on a case-by-case basis.
I'm free, and I get 15.....I think I've used them all only a couple of times, so I'm not the most prolific of ihub denizens....lol!
What about bar complaint that he is engaging in a conflict of interest thru his screwing of the shareholders....he represents the company, and we own the company....
I like that idea....believe me, a bar complaint, to an attorney, is a royal pain-in-the-ass......
I agree that what MXSV put out in their SEC filings has been consistent, and significantly differs from what FRZR put out in its R/S filings.
That said, will the SEC enforce anything? My email to the T/A was forwarded to the MXSV attorney - I had cc'ed the atty through a different email - and have not heard anything from the attorney. I suppose I can email the attorney directly, but not sure it would do any good.
But, who will enforce the stated language of the Form 14C, in all its iterations, PRE and DEF?
FINRA? SEC? S & W? (just kidding - a little humor from the hills of West BY GOD Virginia)
I bought 501 sh on 9-19 in 2 accounts....haven't gotten anything either. My broker, BofA, is totally unhelpful.
I sent an email to George Johnson with the t/a; his response was that he'd forward my email to the company lawyer.
Now, what type of complaint form with the SEC would I use?
How can there be a distribution of millions of shares if the co. isn't publicly traded?
Is Peter Ellwood the father of Nik Elwood?
BA:
I actually work fairly near that Cary St. address - that is a great upscale business location.
The Barnes & Noble I visited has had SC in the past....I've even....rearranged...some of the mags on the shelf to assist SC product placement. Last night, I didn't see even 1 issue of SC. I wasn't looking to buy, just looking for product placement.
My daughter thought SC was "okay", but she was 13 when I showed her...she's not in the target market anyway.
True, but there has been a huge influx of people from the Northeast and Midwest - my neighbor used to play football for Michigan.
The population of my county is just north of 300,000. When I moved there 20 years ago, there was less than 200,000. It's now the 4th most populated county in the state, including Fairfax (near Wash., DC) and Virginia Beach, where all the naval bases are.
FWIW, last night I was at a Barnes and Noble in a Richmond, VA suburb...looked high and low - no Salon City on the magazine racks.
I sent an email to George Johnson yesterday afternoon - he is the T/A rep, w/ a cc: to the atty. Johnson replied:
I have forwarded your request to the legal counsel for the company.
George J
Then he cc'ed the email to me to:
Rosario <sanchez@stctransfer.com>
Elaine Roennebeck <ehr57@yahoo.com>
We'll see what happens.
(See my post at http://investorshub.advfn.com/boards/read_msg.asp?message_id=26050316
for the email I had originally sent.)
I just sent the following to George Johnson, the rep for the T/A:
Mr. Johnson:
I am a shareholder of Matrix Energy, having purchased shares on September 19, 2007. I know there was a consolidation on November 23, 2007, and I am waiting on my round-up shares.
Here is a copy of part of the transaction history for my account involving Matrix Energy.
09/19/07 YOU BOUGHT
MATRIX ENERGY SVCS CRP COM 1 FOR 1000 REVERSE SPLIT INTO MATRIX ENERGY SVCS CORP COM NEW CUSIP #57683Q205 57683Q106 501.000 $0.0071 -$10.56 $7.00 Cash
I have recently been told that, unless I was a shareholder before September 14, 2007, I would not be eligible for this roundup. If this is, indeed, the position that your company, and Matrix, are taking regarding the round-up, I would respectfully suggest that this position be reconsidered.
Prior to the consolidation taking effect on 11-23-07, Matrix filed a Form 14C on October 24, 2007 that contained, in part, the following:
In an effort to preserve shareholders in certain "round lots", which is of benefit to the shareholders and the Company, no certificate greater than five hundred shares will be reversed below five hundred shares. No fractional shares will be issued in connection with such recapitalization and only fractional shares will be rounded up to the nearest whole number. This transaction is not intended to be a "going private" transaction.
The rights of existing shareholders, as a class, will not be altered. However, shareholders owning less than 500 shares will be eliminated as a result of the reverse split. Consequently, for those shareholders owning less than 500 shares, their rights shall be eliminated entirely. Shareholders eliminated will not receive any compensation or consideration for their shares.
The Company cannot predict the effect of any reverse stock split upon the market price over an extended period and, in many cases the market value of a company's common stock following a reverse split declines. The Company cannot assure you that the trading price of the common stock after the reverse stock split will rise in inverse proportion to the reduction in the number of shares of the common stock outstanding as a result of the reverse stock split. Also, the Company cannot assure you that a reverse stock split would lead to a sustained increase in the trading price of our common stock. The trading price of our common stock may change due to a variety of other factors, most proximately our lack of profitability or business.
The 14C also provided that
(1) For purposes of this table, information as to the beneficial ownership
of shares of common stock is determined in accordance with the rules of
the Securities and Exchange Commission and includes general voting
power and/or investment power with respect to securities. Except as
otherwise indicated, all shares of common stock are beneficially owned,
and sole investment and voting power is held, by the person named. For
purposes of this table, a person or group of persons is deemed to have
"beneficial ownership" of any shares of common stock, which such person
has the right to acquire within 60 days after the date hereof. The
inclusion herein of such shares listed beneficially owned does not
constitute an admission of beneficial ownership.
The date that the consolideation became effective was November 23, 2007. As I was a shareholder before that date, I am entitled to the round-up that was declared to be part of the consolidation in the 14C, as well as the Form 10SBK filed today.
I'm sure you are aware of the SEC's definitions of "record date" and "ex-date"; as my investment in Matrix was made on September 19, 2007, I clearly am entitled to have my consolidated shares rounded up, pursuant to the provisions of the filed 14C.
To date, my broker, Bank of America Investment Services, Inc., is unable to provide me information detailing when I might reasonably expect to receive my shares. As the representative for the Transfer Agent representing Matrix, surely you can provide that information, or at the very least, confirm that I am, indeed, entitled to the rounded up shares as declared in the 14c.
I await your prompt response.
Thanks.
Sorry. I should have looked first. My bad.
Art, who is the T/A?
I just talked to my broker, Bank of America Inv. Services, and all I got from them was
"well, that's really not our job. We just are supposed to put in a request.....but you can contact to transfer agent."
Who is the transfer agent?
"I don't know...I don't have that information."
Wow, what service!!!
seabreezing:
Thanks for the note. I agree. I've already contacted my broker about this and HBDY, and am planning to follow up later today. If there is anything of interest to report, I'll post it.
From the MSXV 10ksb - Note 6 to Item 7.
The language used seems to be entirely consistent with the DEF14C.
NOTE 6: COMMON STOCK
On October 25, 2007, subsequent to the balance sheet date, the Company’s Board of Directors authorized a 1-for-1,000 reverse stock split and reduced the par value of its common stock from $.002 to $.001 effective September 14, 2007. Accordingly, all references to number of common shares and per share date in the accompanying financial statements have been adjusted to reflect the reverse stock split on a retroactive basis.
Stockholders’ equity reflects the reverse stock split by reclassifying from “Common Stock” to Additional Paid In Capital” an amount equal to the par value of the shares reversed. All fractional shares are being rounded up. No certificate greater than five hundred shares will be reversed below five hundred shares.
Mike - check your email.
I bought 151 in a couple of accounts...
I guess my thinking was that if I had less than 150 shares pre-split, post-split I'd have a fractional share that would be cashed out.
BUT, re-reading it now, I think that, even buying 1 share should be enough.
From the DEF 14C
No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise be entitled to receive fractional shares because they hold a number of our shares of common stock that is not evenly divisible by one hundred fifty (150) will have the number of new shares to which they are entitled rounded to the nearest whole number of shares. No stockholders will receive cash in lieu of fractional shares.
Any stockholder who owns 99 or fewer common shares as a result of the reverse stock split will have the number of new shares to which they are entitled rounded up to 100 shares.
I bought 151 in a couple of accounts...
As I read the Order, De Freitas can only trade his own stuff, and only if it is listed on the Toronto or NYSE exchanges. The terms are pretty restrictive....as a lawyer in the US (Virginia) I don't think there is any wiggle room available, except for fraudulent activities, which NO order could stop.
I just talked to Bank of America - the response I got TODAY is that physical certs had to be surrendered for the round-up. I think NOT.
Someone other than BofA's first line of defense is supposed to call me back about this.......
It would also give them input on who is on the Board of Directors!! I think THAT is pretty significant.
Yeah, well....I've noticed over the last several months that when NITE appears, the pps seems to go lower.....I think that NITE has made it their business practice to short every stock they trade, figuring that the SEC wouldn't bother them.
So far, I think they are right.
I'm even trying to dip my toes in the water here...
Capt, I fully agree with you....Btw, Medifytrader, isn't that what you used to say?
Remember, trade 'em, don't marry 'em.
But then why an exception? If BoA is the MM already, then a 211 has already been filed....why would an exception be necessary requiring at 10K to complete the uplisting?
Tuna at West Point? really!! I'll have to ask my bro-in-law about that...he's a grad and goes back often.
Why did BOA file the 211 exemption?
I understand that a 10k will have to be filed, but lets get back to the underlying basics for a minute....WHY did the MM file for a 211 exemption????????
Usually there is at least a 14C that's filed....at least, I've read them on my other roundup plays....helped me out with my broker.
Where are the filings on it?
Btw, where is December?
Yeah, nice to get a PR, but what did it say? No MM rep, ....we're STILL working on it!!!
Jeez.
I'm with Bank of America, too. When did you get your shares?
(I'm starting to get PO'ed with them on this, VIPK, HVAG and HBDY.)
APGE 1:50 R/S with a fractional share roundup to One (1) whole share. For those HBDY fans, it seems you need the physical certs!! From the Pre-14C:
Commencing upon the effective day of the reverse split, each certificate
of the Company's capital stock will be deemed for all corporate purposes to
evidence ownership of the reduced number of shares of common stock resulting
from the reverse split. As soon as practicable after the effective date,
stockholders will be notified as to the effectiveness of the reverse split and
instructed as to how and when to surrender their certificates representing
shares of common stock prior to the reverse split in exchange for certificates
representing shares of common stock after the reverse split. We intend to use
Computershare Trust Company as our exchange agent in effecting the exchange of
the certificates following the effectiveness of the reverse split. STOCKHOLDERS
SHOULD NOT DESTROY ANY STOCK CERTIFICATE AND SHOULD NOT SUBMIT ANY CERTIFICATES
WITHOUT THE LETTER OF TRANSMITTAL.
The Company will not issue fractional shares in connection with the
reverse split. Instead, any fractional share that results from the reverse split
will be rounded up to the next whole share. This is being done to avoid the
expense and inconvenience of issuing and transferring fractional shares of our
common stock as a result of the stock split.
Thought you guys would find this interesting...
Vickers Stock Research
Click HERE to Sign Up for an Account. 12/17/2007
Miscellaneous Report: Insider Trading (24 Month Free Access)
(Modify Search)
Ticker: PTEI
Security Name: Petel Inc
Security Type: Common, Ordinary Stock
Price: 0.035
Description:
Vicker's Insider Index:
Insider Index Date:
Shares Outstanding: 17,347,694
Main Industry:
Industry:
Country: Foreign
Exchange: OTC Bulletin Board Market
# Insider Holders:
% Held by Insider:
Shares Held by Insider:
Abbreviation Codes
2 Records found
Page 1 of 1
(Sort by Column available for 7000 records or less.)
Filer Relation Geo Code Trans. Date From Trans. Date To Form Type Action Shares Dollar Price From Dollar Price To Current Market Value Type Traded / Owned Holdings
BRYANT, JONATHAN EDWARD GBR 12/5/2007 Form 144 173,476 8,700 N/A / N/A
HANLON, GAYLE E. DEU 9/26/2007 Form 144 173,377 45,078 N/A / N/A
2 Records found
Page 1 of 1
lem:
Good to see you. I agree with you completely. I've been watching this drift down.....waiting for the penny level or a little lower. I figure it'll get there in time for the Q4 results....then, it will be BOOM or bust!!!!!
(Modify Search)
Ticker: SLON
Security Name: Salon City Inc
Security Type: Common, Ordinary Stock
Price: 0.012
Description:
Vicker's Insider Index:
Insider Index Date:
Shares Outstanding: 984,083,258
Main Industry:
Industry:
Country: Domestic
Exchange: OTC Bulletin Board Market
# Insider Holders:
% Held by Insider:
Shares Held by Insider:
Abbreviation Codes
14 Records found
Page 1 of 1
(Sort by Column available for 7000 records or less.)
Filer Relation Geo Code Trans. Date From Trans. Date To Form Type Action Shares Dollar Price From Dollar Price To Current Market Value Type Traded / Owned Holdings
CASCIOLA, STEVE CA 11/9/2007 Form 144 3,150,000 31,500 N/A / N/A
BATTAGLIA, BRIAN & CAROLINE CA 11/1/2007 Form 144 7,304,000 80,000 N/A / N/A
CASCIOLA, STEVE CA 10/4/2007 Form 144 2,500,000 37,500 N/A / N/A
TARGET IR, LLC CA 9/12/2007 Form 144 3,000,000 45,000 N/A / N/A
LAKEVIEW CONSULTING, LLC CA 9/12/2007 Form 144 3,000,000 45,000 N/A / N/A
CASCIOLA, STEVE CA 8/31/2007 Form 144 2,529,645 40,474 N/A / N/A
BATTAGUA, BRIAN & CAROLINE CA 8/30/2007 Form 144 8,400,000 125,000 N/A / N/A
HASHE, JAIUS TN 8/30/2007 Form 144 200,000 3,600 N/A / N/A
TARGET IR, LLC CA 7/27/2007 Form 144 2,000,000 98,000 N/A / N/A
BATTAGLIA, BRIAN & CAROLINE CA 7/25/2007 Form 144 1,100,000 47,500 N/A / N/A
CASCIOLA, STEVE CA 7/16/2007 Form 144 3,754,673 180,224 N/A / N/A
CASCIOLA, STEVE CA 4/27/2007 Form 144 6,000,000 102,000 N/A / N/A
CASCIOLA, STEVE CA 2/5/2007 Form 144 4,000,000 8,000 N/A / N/A
CASCIOLA, STEVE CA 11/3/2006 Form 144 5,000,000 155,000 N/A / N/A
14 Records found
Page 1 of 1
(Sort by Column available for 7000 records or less.)
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I talked to B of A last week....they indicated I should expect to see my shares next week.
Of course, this was after I directed them to the 14C, and explained how $$ could be made on these, a la JDMC. Once they get the gist of what I'm telling them, then they seem to go to bat for me with the reorg people.
Good luck.
Bank of America lets me buy these online, but I have to use a secure card which is a random number generator when buying otc stocks.
For the most part, they've been pretty good with all of the roundups, but HBDY has been especially frustrating. I have been told no, I'm not entitled, I've been cashed out, and I've been told yes, you are entitled. The last set of calls, the guy at the 1st level was pretty good. He listened while I explained, he called the reorg desk and got back with me. When he told me that I wasn't entitled to my shares, I kind of exploded at first, then calmed down and directed him to the 14C filing. He got it, read it and went back to the reorg to help me get my shares. Then I got a call from a lady further up the food chain, who did NO research and told me I was cashed out. After I upbraided her for her utter lack of research, I directed her to the 14C. She read a summary and said, in essence, see, I told you, you can't get a roundup. I then quoted to her from the 14C where the roundup launguage is crystal clear. She got really quiet and listened to me, then conceded she had only read the 14c summary, not the document itself.
Finally, she went to the rorg, called me back, and gave me HER number to follow up....she said I should get my shares in January.