SwingTrade Member Forum

[ieddyi]

this was yesterdays news:

Our-Street.com: Our-Street.com files complaint with SEC against US Global
Nanospace, Inc.
Midland, Texas, Jan 28, 2004 (M2 PRESSWIRE via COMTEX) -- Our-Street.com, an Internet-based, public company watchdog, announced today that it has filed a complaint with the Enforcement Division of the Securities and Exchange Commission against US Global Nanospace, Inc. (OTC BB: USGA). The complaint alleges possible violations of Sections 10b-5, and 13a of the Exchange Act. The complaint can be read in its entirety at http://www.our-street.com/featured.htm
Our-Street.com is an internet based public company watchdog that researches companies and files and publishes reports and complaints with various regulatory agencies. Previously, Our-Street.com`s complaint against Aqua Vie Beverage Corporation (OTC BB: AQVB) was followed by a suspension in trading by the SEC and their complaints against Kingdom Ventures, Inc (OTC BB: KDMV) and Epixtar Corp. (OTC BB: EPXR) were followed by the companies` disclosure of investigations being initiated by the SEC and FTC respectively. Epixtar just announced yet another second action was started against it by the FTC. Most recently, Our-Street.com`s latest featured company, Calypte Biomedical (OTC BB: CYPT), also disclosed it was informed by the SEC that an informal inquiry had been initiated regarding their activities as well.
Note: Our-street.com is not a financial or investment advisor and is not offering stock for sale or giving investment advice. For investment advice contact a non-conflicted registered investment advisor or non-conflicted broker. The best place to get information about a company is from the SEC.
Specific information about US Global Nanospace can be gotten by using this link: http://www.sec.gov/cgi-bin/browse-edgar?company=us+global+nanospace&CIK= &filenum =&State=&SIC=&owner=include&action=getcompany
Our-Street.com and/or their associates do not have a position in USGA.
Our-Street.com has not been paid or compensated in any way to conduct the research and file this complaint. Our-Street.com is member supported by subscriptions but members do not choose which companies Our-Street.com selects to profile. For more information refer to our disclaimer at www.our-street.com/disclaimer.htm . Our-Street.com strives to be accurate and will promptly correct any errors in posted information. Simply email us with any corrections along with documentation.
CONTACT: Nick Tracy Enterprises, Ltd. Tel: [phone] Fax: [phone] e-mail: [e-mail] WWW: http://www.our-street.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [e-mail].
(C)1994-2004 M2 COMMUNICATIONS LTD
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companies response today:

SEC Confirms No Complaint Released Against US Global Nanospace
CARSON CITY, NV, Jan. 28, 2004 (MARKET WIRE via COMTEX) -- US Global Nanospace, Inc. (OTC BB: USGA) has been advised that an alleged complaint filed by the SEC has been posted on a web site located at www.our-street.com hosted by Nick Tracy Enterprises. USGA has not been notified of any action filed by the SEC and the SEC has confirmed to the Company's counsel that no such complaint has been released.
"The SEC has not served a complaint on US Global Nanospace," said John Robinson, the President of the Company. Mr. Robinson continued, "The alleged SEC Complaint posted on the our-street.com website is completely false and, in our opinion, it was done for the purpose of manipulating the price of our stock for financial gain. We forwarded the information that was posted on the website to the SEC and intend to ask the SEC to launch a formal investigation into this organization. We have also contacted our legal counsel regarding this matter."

eddy