VeeMost Technologies Inc (VMST)

[overachiever]

Caswell on you boys again.

New Stockwatch article on Briner and WHKA. Here it is complete with comments made so far.

http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=Z-U:GDVM-1382958&symbol=GDVM&n....

Global Developments denies World Hockey allegations

2007-06-21 15:22 ET - Street Wire

Also Street Wire (U-WHKA) World Hockey Association Corp (2)

by Mike Caswell

Global Developments Inc., the OTC Bulletin Board company formerly headed by Vancouver lawyer John Briner, denies taking part in the improper issue of 100 million shares of World Hockey Association Corp., a local pink sheets listing with NHL legend Bobby Hull on its board. Global also denies helping with a spam e-mail campaign that touted World Hockey before it fell to one cent.

The case has pitted Mr. Briner against Ricky Smith and his World Hockey Association, which purports to run a hockey league with six teams in the West and seven to nine in the East. The two sides have been warring both in court, in news releases and everywhere between, with Mr. Smith saying World Hockey suffered massive damages at Mr. Briner's hands, and Mr. Briner's Global saying World Hockey has unpaid bills.

On April 5, less than two months after the dispute began, Mr. Briner stepped down as president of Global Developments. He cited bad press and comments in Internet forums, much of which revolved around his dealings with World Hockey.

The original suit

The case began on Feb. 15, 2007, when Mr. Briner's companies, Global Developments and Nexus Asset Holdings LLC, sued Mr. Smith and World Hockey in Nevada over an alleged 200-million-share issue. Nexus said the issue was an egregious dilution of its 11-million-share interest in World Hockey, which it had assigned to Global.

(Although court documents indicate Mr. Briner was Nexus's manager, government records show the company was incorporated by a former U.S. Securities and Exchange Commission lawyer, Phillip Offill. On June 15 the SEC filed civil fraud charges against Mr. Offill for the alleged pump-and-dump of AVL Global Inc., a pink sheets company controlled by the Ontario father-and-son team of Peter Fisher and Tyler Fisher. The SEC says Mr. Offill incorporated a private company the Fishers used as they dumped millions of overpriced shares during a spam campaign. Mr. Offill worked at the SEC's Forth Worth, Tex., office until 1999.)

World Hockey's counterclaim

Mr. Smith and World Hockey denied responsibility for the massive dilution. In a statement of defence and counterclaim filed April 18, 2007, they said Mr. Briner and others connected to him were responsible for the dilution.

According to the counterclaim, Mr. Briner approached World Hockey in June, 2006, offering to perform investor relations and stock transfer services through his company, West Coast Stock Transfer Inc. World Hockey was trading between $1 and $1.50.

Mr. Briner arranged a private placement in World Hockey, with Nexus to pay $500,000 for 11 million shares in two instalments of $250,000. Nexus did not make the payments, according to the countersuit.

World Hockey says Mr. Briner installed a relative, Esther Briner, as a director of the company, and an associate, Rieghardt Van Enter, as chief financial officer. Between August and October, 2006, the three allegedly issued 100 million unauthorized shares of World Hockey to Texas Media LLC and North Plains Enterprises LLC.

World Hockey says those companies transferred the shares to Mr. Van Enter and two other Vancouverites, Erwin Liem and Jason Ashdown. In November, 2006, Mr. Briner, or somebody connected to him, started a spam campaign touting World Hockey, according to the counterclaim.

The stock fell to around one cent by December, 2006, the suit claims.

World Hockey has not proven its allegations in court.

Global's answer

Mr. Briner's companies, Global Developments and Nexus, deny the allegations. They have filed a 17-page response that contains no details.

It begins, "Answering paragraph 1 of the counter-claimants' counterclaims, counter-defendants are without knowledge or information sufficient to form a belief as to the truth of the allegations of this paragraph, and therefore deny the same." The same wording, with variations, appears throughout the entire 92-paragraph answer.

Nexus and Global ask that the court dismiss the counterclaim and award them reasonable costs.

It does not appear the battling has helped shareholders of either company. Global, which trades on the OTC Bulletin Board, last traded at 21 cents. It was at $1.80 in February. World Hockey last closed at 65-100ths of a cent, off a 52-week high of $2.


Reader Comments - Comments are open and unmoderated, although libelous remarks may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.



Briner is going down!!!!!!

Posted by current investigator @ 2007-06-22 12:32



Briner is pure scum!

Posted by Executioner @ 2007-06-22 23:01



is the wha coming to osoyoos this year and armstrong and lumby??????

Posted by a fan @ 2007-06-23 00:55



I won't comment on client (or ex-client) matters, but the SEC's civil complaint does not make fraud claims against me. You should read the Complaint. Please retract and correct.

Posted by Phillip Offill @ 2007-06-23 11:12



Of the 4 teams Pr'd in the eastern division, only 2 remain.

Posted by Joe's dad @ 2007-06-24 19:48



Hey Phillip, did you or 1 of your companies help facilitate sham sales of WHA stock for Global and/or Briner? Just you and or 1 of companies have been accused of for AVL Global? I see the Fishers didn't waste any time copping a plea.

Posted by Joe's dad @ 2007-06-24 21:25



Phillip.

Could you explain how Nexus Asset Holdings (which is not in good standing) and Nexas Capital Holdings, LLC (which did not exist) was able to do a Texas 504 with World Hockey? Please detail the legality of such a private placement. You are listed as the control entity of Nexas Asset Holdings.

Posted by current investigator @ 2007-06-24 22:33



Hi all, I am the same mark harris that humps and pumps deal after deals. A few of them have made money for our investors but, most don't. Yes, this is one of my promotions. What, the company has never heard of me. What ? I was paid to promote and on my watch this company ran from .07 to a high of almost .42c. Don't listen to them, I was the promoter!, I am telling you I was. I was working the deal from my 2nd floor office at 666 burrard. I am however not at this location as some of this and other investors were calling. Calling me? for what reason. I don't care, I sold my stock and moved on to bigger and better things. Management did it, trust me.

Posted by Mark Harris @ 2007-06-25 02:15