Replies to post #56 on Ashton Technology Group (fka ASTN)

[MMMARY]

Fred's background: links provided

http://www.sec.gov/litigation/litreleases/lr16842.htm

vwap gets approval in the PA stock exchange. It is later found out that the chairman who approved of vwap had shares in astn. He resigns.

http://www.thestreet.com/markets/marketfeatures/961171.html

ASTN makes lots of promises about their product vwap but doesn't deliver. All they get is approvals and nice press releases but little volume and no profits.

In the meantime Liquidnet launches a very similar product in a short amount of time and is able to do high volume yet vwap still cannot live up to expectations.

http://www.liquidnet.com/liquidnews.htm

ASTN starts to run out of funds. They decide to do some deathspiral financing which their director Ivan Gothner arranges for a fee with infamous thomason/thompson/thomson Kernaghan out of Canada through Southridge Capital and an unknown entity in the Cayman Islands. Kernaghan and company are currently being sued by mobile p.e.t. and other entities for doing such deathspiral financing and shorting the stocks.

http://biz.yahoo.com/bw/010402/0670.html

Some information links for ASTN

SEC litigation release
http://www.sec.gov/news/press/2001-25.txt
http://www.sec.gov/litigation/admin/33-7963.htm
http://www.sec.gov/news/headlines/orgboiler.htm
http://www.sec.gov/news/digest/03-08.txt

News items about mob and ASTN
http://www.mary.cc/astn/news.htm

Here is the letter to the shareholder. If any of these links are dead, I have the original sources on my computer. http://messages.yahoo.com/bbs?.mm=FN&board=4687979&tid=astn&sid=46879
79&action=m&mid=52674

Philadelphia newspaper article
http://www.localbusiness.com/Story/0,1118,PHL_670936,00.html



Just say NO to stock fraud!