InvestorsHub Logo
Followers 198
Posts 9902
Boards Moderated 0
Alias Born 06/14/2006

Re: None

Monday, 08/14/2006 10:37:03 PM

Monday, August 14, 2006 10:37:03 PM

Post# of 75789
STTK

sttk is another i owned and follow even now, i bought pre-spike and sold well before the high of the spike, it was a good run that ran into some bad PR's,

Smart-tek Solutions, Inc. Refutes Posting on Stocklemon.com and Refers Matter to its Attorneys
Wednesday April 5, 12:35 pm ET


CORTE MADERA, Calif., April 5, 2006 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTC BB:STTK.OB - News) and its subsidiary, Smart-tek Communications, Inc. announced today that the Internet posting about the company on stocklemon.com is baseless, untrue and inaccurate. The erroneous Internet posting is believed to be timed in connection with short position holders and market manipulators.

notice the date, the day it crashed hard

Smart-tek Initiates Legal Action Against RFID, Ltd. for Misleading Press Release
Friday April 28, 10:00 am ET


CORTE MADERA, Calif., April 28, 2006 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTC BB:STTK.OB - News) announced today that it has filed a Complaint in the Superior Court for the State of California, County of Marin, against RFID Ltd., a publicly traded company on the Pink Sheets. The Complaint alleges causes of action against RFID, Ltd. for (1) Defamation Per Se; (2) Intentional Interference with Contractual Relations; (3) Intentional Interference with Prospective Economic Advantage and (4) Unfair Competition (Violation of California Business and Professions Code Section 17200). The Complaint alleges that RFID, Ltd., who described itself as a competitor of Smart-tek Solutions, Inc., made a series of false and misleading representations about Smart-tek Solutions, Inc. and its development of its RTAC-PM system. In particular, the Complaint alleges that RFID, Ltd. has made provably false assertions that (1) Smart-tek Solutions, Inc.'s sole business involved closed circuit TV, access control and alarm systems for the Greater Vancouver area; (2) the RTAC-PM system could not have been developed in five months; and (3) China's technological state would not allow for implementation of the RTAC-PM system. The Complaint further alleges that these misleading assertions made by RFID, Ltd. about Smart-tek Solutions, Inc. were made for an intended audience that included current shareholders and prospective investors of both public companies and were made for the purpose of denigrating Smart-tek Solutions, Inc.'s products and services and in an effort to promote its own competing products and services. The Complaint filed by Smart-tek Solutions, Inc. seeks monetary damages in excess of $10 million and equitable relief as a result of RFID, Ltd.'s conduct.

this is why it crashed hard, there wwas something in here somewhere also about the ceo having something to do witha crooked chinese individual who was convicted of another stock scam, you will need to do some DD to dig that up

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.