Ashton Technology Group (fka ASTN)

[MMMARY]

ASTN resumes

Ivan Gothner

Current director of ASTN.

Managing director of First United Equities during the time of the mob involvement, 1994 to 1997 as per latest FBI press release. Was managing director of First United when they did ASTN's ipo. This company is out of business and the SEC and FBI arrested some of the people involved. Go see sec.gov link in press release, March 8, 2001.

He is also a director at Mobile P.E.T. He set up some toxic convertible financing with his buddy mark valentine of Kernaghan. This financing almost killed the company and ruined it's share value. He set up the same thing for astn for a fee.

His own company has been paid consulting fees from ASTN. Self dealing

Mark Valentine

Current director of ASTN. He owns and controls a lot of Thomason Kernaghan a canadian brokerage house which also does stock analysis (stock promotion), investment funds, arranges toxic convertible death spiral financing through strawnmen in the caymans and shorts stocks as it's legal and easy in Canada. His firm currently has six canadian securities investigations. He has also been sued numberous times for stock manipulation and fraud. He sues people who mention this. You see, HE doesn't do the dirty work, it's his evil strawman in the caymans. I read on RB that some people in Canada think he launders money for the mob and sets up offshore accounts for them.

John Westergaard

Past stock promoter of ASTN. He is currently being sued for fraud for the promotion he did while promoting ASTN. He didn't have the necessary disclaimemrs on his site which would have shown that he was paid to promote ASTN. He was not an independent analyst. He didn't even have a license. He lost it in l998. He was here telling people to mortgage their house to buy this stock and do it on margin. He also promoted PLSIA and PPD besides a host of other companies that are either bankrupt or have SEC problems or shareholder lawsuits or whatnot.

Continental Capital

Past stock promoter of ASTN. Also was sued by the SEC for fraud. Did not have a disclaimer and insider trading. I think the CEO is in jail for his involvement. He also used to brag about working with the mob. More info. here http://www.mary.cc/astn

They have a new CEO and changed their name to Madison and Wall. They are currently promoting GENI. SEC is looking at GENI. They also halted their stock on thursday or friday I think because they were going to release news about l00M new financing. Then they released the news. Then it turns out they don't really have l00M in financing.

Fred Rittereiser

He was an excop who grew up on the streets of New Jersey. He'd seen the bad element. He says he can smell hoodlums. He has no formal education, just cop school, but decides he wants to go to wall street. I think he was an MM. After a while on Wall Street he goes to work with Brennan, who was later sued by SEC for securities fraud, bankruptcy fraud, you name it. He's in jail now. He was a total scam guy. This fraud was committed while fred with working with brennan at First Jersey. Then I think fred took over and then sherwood group took first jersey over? I was told this. He was the ceo then he was fired then he was sued by the sherwood group and lost. I posted the lawsuit here before. He had to pay up. I think he lost his boat to forclosure around this time also and perhaps this is when he got his nasd ding. He currently has no nasd license as per nasd. I called them up.

Then in l993 he started planning the direction of astn. l995 FUE took astn public. Fred came onboard through a company of his named dover. People say he couldn't come in directly because of his nasd ding which was later removed or just fell off his record. Still trying to figure that one out. He wasn't sole owner of dover at time but he is now. This was for legal reasons, I believe.

When he came on board he cut a deal with Rosensaft of UTTC. Then he didn't do what he promised (he diluted rosensaft's interest) and Rosensaft sued him and won over $1M. He didn't have the money to pay him so astn paid his bill for him. Check SEC docs for actual deal. I posted it here before.

After first united went under I think he hired Ivan Gothner the ex managing director to be a director in astn. When he was working with atg canada he met mark valentine and hired him to be a director in uttc. Then he approved of ivan and valentine's toxic convertible deal, said it was swell even though it has killed other companies. Fred said he doesn't trust people unless he's known them a long time. You would want to trust a director before you hire him, no? Perhaps fred knew these two guys for a while.

Fred makes a bunch of rosy projections for the company and stock and doesn't deliver. He hires stock promoters to pump up the price. He sells a good bit of shares when the stock price is up. He likes to watch the Sopranos.

Share price goes down because of lack of performance and dilutive financing but he blames message board posters for it. then he sues one of them because she was posting nonanonymous (ME!). That's where we are so far in his resume.

Did I miss someone?

Oh yeah, mst, hypester extraordinaire. He's been hyping astn stock since l997. He is an attorney by day and a hypester by day and night. He's been telling people for four years now that astn is a great stock and a great company and he's always buying more, when it goes up, when it goes down and even when it goes sideways. Buy, buy, buy!

He posts in multiple user names, even tells people about this in his private clubs. He even tells them about pp shares in there. He talks to fred and has met him a few times also I believe. Fred tells him positive stuff so he can post it on the board for him. mst is a good little boy, mind his brown nose. Most of the stuff fred feeds him does not come to pass and mst ends up with egg on his face and just a few pennies in his pockets.

When people post the truth and their opinions, if it isn't positive he attacks them then begs fred to sue them. Then fred does sue one person. Then mst gets dragged into the case.


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