Effective Control Transport Inc. (fka EFFC)

[CassiusClayNoCashIsKing]

Thanks to MrGoodBuddy for finding the info below concerning the people who were paid to pump but failed to disclose their compensation for their postings. This matter is far from being over. We know who you are.

NO, it is NOT ETHICAL. See BELOW.

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U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20228 / August 7, 2007
SEC v. Sierra Brokerage Services, Inc., et al., United States District Court for the Southern District of Ohio. Civil Action No. C2-03-326

On July 26, 2007, the Honorable John D. Holschuh, U. S. District Judge for the Southern District of Ohio, entered a Final Judgment as to defendant Jerome B. Armstrong ("Armstrong"). The Final Judgment permanently enjoins Armstrong from future violations of Section 17(b) of the Securities of 1933. The Final Judgment further orders Armstrong to pay disgorgement in the amount of $5,832, prejudgment interest of $3,235, and a civil penalty of $20,000. Armstrong consented to the entry of the Final Judgment without admitting or denying the allegations of the Commission's Complaint, except as to jurisdiction.

The Commission's Complaint, filed on April 14, 2003, alleged that beginning on March 6, 2000, Armstrong touted the stock of BluePoint Linux Software Corporation ("BluePoint") by posting unsubstantiated, favorable buy recommendations on the Raging Bull internet site. Armstrong posted over eighty such recommendations during the first three weeks that the stock of BluePoint was publicly traded. According to the Complaint, Armstrong praised BluePoint's investment value and encouraged investors who were experiencing trouble having their orders filled to keep trying. The Complaint further alleged that the promoters of BluePoint were secretly transferring stock in three other companies to Armstrong at prices below the then current market for those three stocks and that Armstrong made at least $20,000 by selling the shares he received from the promoters of BluePoint. The Complaint alleges that Armstrong did not disclose in his internet postings that he was being compensated for making the postings.

The above is my response to this post by: rosebud05
In reply to: 2win who wrote msg# 25881 Date:9/22/2007 7:10:46 PM
Post #of 25884

For all those who are confused as to what happened over the past couple of months and particularly past week, I would refer them to the following article: http://findarticles.com/p/articles/mi_m0DTI/is_12_32/ai_n8574400

Essence of what has happened is explained in the article and I believe everyone should read it as pink sheet investing 101. I believe MCCY and RH is an honest company and Doogle is right in that they have spent the past few weeks trying to get out from under these sharks like Downshire and their hired guns like some of the moderators in this group that are no longer here. It really is too bad that so many have lost money due to their schemes. Hopefully this kind of behavior will be dealt with by SEC. I believe MCCY is doing all it can to correct this asap and everything they have done thus far seems to be on the up and up. Good luck everyone. Remember all that matters on Monday are the verifications of the 130 contracts. Once that is done, watch the big money start rolling in and overwhelm any manipulators that are still around.