Marker Therapeutics Inc (MRKR)

[scion]

ICI / NAANS / Genemax:

Investor Communications International (ICI) is a stock promotion firm that has been the most vocal critic of naked short selling. ICI has formed the National Association Against Naked Short Selling (NAANSS) which has been lobbying in Washington DC against naked short selling. On their website (http://www.nakedshortselling.com ), they ask people to join their organization in order to "make your voice heard in Washington, D.C.". ICI and its associated companies have issued numerous press releases complaining about manipulation by naked short sellers, but have never presented any evidence to back up these claims.

In a recent SEC filing, the president of ICI is listed as Brent Pierce (filing DEF 14C for Petrogen Corp issued on 12/31/02 http://www.sec.gov/Archives/edgar/data/1057226/000105050202001084/hadro- def14c.txt ). Pierce was found to have committed securities fraud by the British Columbia Securities Commission and was "prohibited from becoming or acting as a director or officer of any reporting issuer for a period of 15 years" (http://www.bcsc.bc.ca/Enforcement/eol/pierce_gordon.htm).

ICI is well known for its close ties to the biotech company Genemax (BB:GMXX). ICI brought Genemax public, performs investor relations for it, and is a large shareholder. ICI and Genemax also share the same address in Blaine, WA, and share various officers and consultants. Genemax and ICI launched a widely publicized campaign against naked short sellers last year when Genemax tried to exit the Depository Trust Corporation (DTC) and have its shares trade only as paper certificates in an effort to prevent naked short selling of their stock. Excitement over this tactic caused shares of Genemax to soar from about $1.00 per share to over $20.00 (and then back to $1.00), and ICI persuaded dozens of other companies to attempt to leave the DTC. These companies claimed that naked short selling was depressing the price of their stock, but did not present any evidence that this was indeed true. The SEC ultimately did not allow these companies to go to trading of paper certificates.

James D. Davidson, until recently CFO, director, and a shareholder of Genemax, is an editor and founder of Agora publishing, which was recently charged by the SEC with stock fraud (http://www.sec.gov/litigation/complaints/comp18090.htm ).

With these types of associations, ICI is not a credible source for complaints about stock manipulation.

http://www.sec.gov/rules/proposed/s72303/ger010504.htm