MetaSource Group, Inc. (fka MTSR)

[eztradin]

He's sharp about these things.

Personally, I think Shac is right on with
his statement below.

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Posted by: ToshacH
In reply to: None Date:3/6/2003 11:32:56 AM
Post #of 1363

MTSR a great NR give it a read all the way through, picked up 75k today at .02 cents. A small S-8 giving us an opportunity to buy cheap. Think TREZV...maybe

MetaSource Group Announces Company's Consideration of 'Certificate Only' Trading
Tuesday February 18, 11:46 am ET


NEW YORK--(BUSINESS WIRE)--Feb. 18, 2003--MetaSource Group, Inc. (OTCBB: MTSR - News) announced today that is it considering the possible adoption of "certificate only" or "custody only" trading of its shares as a measure to ensure the integrity of the trading of its shares and to protect against naked short selling.



Mr. Courtney Smith, Chairman of MetaSource, states, "Our shareholders have expressed concern over the abnormally depressed price of our shares. They, and we, are concerned that they do not represent the strong value of our company. Some of our shareholders have stated that they believe that our Company's shares have been illegally shorted thus artificially reducing the price."

He further stated, "We are listening very closely to our shareholders. The management of this company are the largest shareholders and are also obviously concerned. No insider has ever sold any shares of the company. We further know that our float is relatively small so our shareholder's concerns that we may be seeing our stock shorted may be very accurate. We are investigating this potential now."

Mr. Smith continued, "We are beginning the due diligence now to determine if we wish to shift to a custody only style of trading. We will be moving very quickly to make a decision to ensure that we protect our fellow shareholders interests. We have no arguments with legal short selling and believe that it can serve a valuable economic purpose. However, naked short selling is illegal and attacks the very integrity of the capital markets as it represents illegal manipulation of a share price. "

Short selling of a stock occurs when someone borrows shares of a company and sells them looking to buy them back later and return them to their rightful owner. "Naked" short selling is selling a stock without the borrowing of actual shares and never delivering the shares to cover the short position. This has the effect of creating an artificial supply of stock thus artificially reducing the price of the stock. This is illegal in the United States. However, naked short sellers can execute these illegal shorts in other countries, thus circumventing US law. One way to sharply reduce this problem is to not allow clearing through the Depositary Trust Company but to instead use custody only trading.

Under "custody only" or "certificate only" trading, MetaSource would implement a share transfer system requiring the delivery of physical stock certificates. Investors would continue to use their broker for purchases and sales and would request the physical delivery of all of their shares. The certificates received by the Company's transfer agent for selling by investors would be cancelled and a new certificate for an equal number of shares would be issued in the name of the buyer. Therefore, no certificates would be issued in the name of Depository Trust Company, CEDE & Co. or any other nominee and MetaSource shares would no longer clear through the DTC system. It would be in the best interests of all shareholders to ensure that they participate in this 'custody only' trading since the share price will more properly reflect the company's status.

The Company believes that there would be no inconvenience to our fellow shareholders but that this would increase the integrity of trading in our Company's shares.

The Company is now actively investigating this new policy and will make a decision in a timely manner.

Mr. Smith said, "We have created an exciting company that has made four acquisitions in just the last two months. Our revenues are moving sharply higher with each acquisitions. We have a very strong pipeline of potential acquisition candidates. We believe we have built a solid platform for growth in the software sector. It is a shame that our share price does not reflect these strong positives. It may be that moving to a custody only trading method will restore some sense to our share price and help to reward our valued shareholders for their confidence in MetaSource."

MetaSource is headquartered in New York City, with offices throughout the U.S. and the UK. For further information please visit www.metasourcegroup.com.

Certain of the above statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including but not limited to, risks associated with the Company's future growth and operating results, the uncertainty of market acceptance of the Company's products, technological change, competitive factors and general economic conditions. The Company has no duty and undertakes no obligation to update such statements.



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Contact:
MetaSource Group, Inc.
Rajul Mathur, 646/805-5141






With trading you must conquer your emotions and be very disciplined about your goals.

P.S...TREZV hit over .50 the other day.

EZ