InvestorsHub Logo
Followers 698
Posts 62025
Boards Moderated 9
Alias Born 08/10/2000

Re: Chrisau post# 510

Thursday, 03/20/2003 8:50:35 AM

Thursday, March 20, 2003 8:50:35 AM

Post# of 598
Another Short Seller Bites the Dust
March 20, 2003. (FinancialWire) A number of other public companies associated with the naked short seller wars have emerged on the FinancialWire radar today, bringing the number now to an astounding 74. The news was topped by an announcement that a judgment of liability has now been entered against Mark Valentine, former chair of Thomas Kernaghan & Co. Ltd. in favor of Hyperdynamics Corp. (OTCBB: HYPD), with litigation support by Litidex, a unit of ITIS Holdings Inc. (OTCBB: ITHH). The attorneys for Hyperdynamics, John M. O’Quinn, Esq., and Christian, Smith and Jewel, also represent Eagle Tech Communications (OTC: EATC), Nanopierce Technologies (OTCBB: NPCT), Endovasc Ltd. (OTCBB: ENVC), RTIN Holdings, Inc. (OTCBB: RTNH) and ATSI Communications, Inc. (AMEX: AI) in cases against alleged illegal stock manipulators and naked short sellers.
Also new on the screen is The Auxer Group, Inc. (OTCBB: AXGI), which announced that it is considering “exiting” the Depository Trust and Clearing system to combat what it believes is illegal naked short selling. Edgetech (OTCBB: EDGH) said it is now investigating whether illegal manipulation of its stock is occurring, and is considering exiting the DTC. In another development, Continental Energy (OTCBB: CPPXF) contacted FinancialWire to join six others listed by Financial News USA as part of its “network” to say that the release was unauthorized, and that the company is “not” part of a “network.”
That brings to seven, or almost half, who have now disclaimed the release. Meanwhile, FNUSA has reissued the press release without attributing it to the prior list, and has invited professionals and public companies to join its effort. Unless extended, it is believed that the comment period for the DTC’s request for SEC authorization to limit defections from its system will end today.
There are now 74 companies named to date on one side or another of the naked short selling controversy, including A.G. Edwards, Inc. (NYSE: AGE), ATSI Communications, Inc. (AMEX: AI), Federal Agricultural Mortgage Corp. “Farmer Mac” (NYSE: AGM), Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV), American International Industries (OTCBB: AMIN), Ameri-Dream (OTCBB: AMDR), Adirondack Pure Springs Mt. Water Co. (OTCBB: APSW), Auxer Group, Inc. (OTCBB: AXGI), Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB: BLIIV), Bentley Communications (OTCBB: BTLY), Biocurex (OTCBB: BOCX). Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), Eagle Tech Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH);
Also, Endovasc Ltd. (OTCBB: ENVC), Enviro-Energy Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC: EPTC), Flight Safety Technologies (OTCBB: FLST), FreeStar Technologies (OTCBB: FSRCE), GeneMax Corp. (OTCBB: GMXX), Global Path (OTCBB: GBPI), Goldman, Sachs & Co. (NYSE: GS), Group Management (OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), Hyperdynamics Corp. (OTCBB: HYPD), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Jag Media Holdings (OTCBB: JGMHA), Knight Securities, LP (NASDAQ: NITE), Lair Holdings (OTCBB: LAIR), Life Energy & Technology (OTCBB: LETH), MBIA (NYSE: MBI);
Also, MetaSource Group, Inc. (OTCBB: MTSR), M. H. Myerson & Co., Inc. (NASDAQ: MHMY), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), MSM Jewelry Corp. (OTC: MSMJ), Nanopierce Technologies, Inc. (OTCBB: NPCT), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Navigator Ventures (OTCBB: NVGC), Pitts & Spitts (OTCBB: PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PACC), Presidential Air Corp. (OTCBB: PDAR), PayStar Corporation (OTCBB: PYST), Petrogen Corp. (OTCBB: PTGC), PrimeHoldings.com, Inc. (OTC: PRIM), Resourcing Solutions (OTC: RESG), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp. (OTCBB: RMEC), RTIN Holdings (OTCBB: RTNH), Sedona Corp. (OTCBB: SDNA);
Also, Sionix Corp. (OTCBB: SINX), Starmax Technologies (OTC: SMXIF), Soundcomm Technologies (OTC: STEH), Sports Resorts International (NASDAQ: SPRI), Technology Logistics (OTC: TLOS), Ten Stix, Inc. (OTCBB: TNTI), Tidelands Oil (OTCBB: TIDE), Toronto-Dominion (NYSE: TD), Trezac Corp. (OTCBB: TREZV), US West Homes (OTCBB: USWH), Vega Atlantic (OTCBB: VATL), vFinance, Inc. (OTCBB: VFIN), Vtex Energy (OTCBB: VXEN) and Wizzard Software (OTCBB: WIZD).and WorldTradeShow.com (OTC: WTSW).
For an instant website reporting toolbar, visit http://download.alexa.com/?amzn_id=investrendcom-20
Clickable links for FinancialWire news are at http://www.financialwire.net
For FinancialWire audio news, click on partner ON24 at http://www.on24news.com


http://www.investrend.com/articles/defaultFinancialWire.asp?level=160


Art's Bored
#board-9480 - Sign up for email ALERTS.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.