InvestorsHub Logo

hopscotch

09/24/06 10:37 PM

#3918 RE: StormyMonday #3917

StormyMonday here is a Cornell stock list and also some notes about FMDAY

WGAT WNWG EBOF TREN HDY CBMX ISON CAAS WFYW LBTS ADXS WNWG IGPG XHUA FMDAY TPLM XSNX ERTH CSCE FDEI CSN TTP AOTL IMNR SPEX XSNX NFBH NGNM HRUM MSSI MOBL AMWW FNGC ACCP ERTH AVR SWME RMLX FNGC CWTD MGOA SNRN KNOS MYMX PVCT KWBT CTIB ROBO MOBL SMTR AHN MKBY MSSI EVSNF CKYE CNR YTHK

http://www.cornellcapital.com/portfolio/Domestic_Transactions/index.asp?Section=3,0,0

You can also go here: http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp for the most recent filings related to Cornell. Just type in the text box Cornell.

Also read this from the 9/22/06 6-K : On September 22, 2006, Futuremedia PLC (the “Company”) announced approval by its Board of Directors to unconditionally reduce (i) the $0.70 per share exercise price of its 250,000 ADS warrant (the “ 250,000 ADS Warrant) issued to Cornell Capital Partners, LP (“Cornell”) in connection with the Company’s December 19, 2005 $2.5 million financing with Cornell (the “$2.5 Million Financing”); (ii) the $0.20 per share exercise price of its 4,000,000 ADSs warrant (the “4,000,000 ADS Warrant) issued to Cornell in connection with the Company’s August 3, 2006 $9 million financing with Cornell, Certain Wealth, Ltd. and TAIB Bank, B.S.C. (the $9 Million Financing”); and (iii) the $.70 per share exercise price of its 750,000 ADSs warrant (the “750,000 ADS Warrant”) issued to Cornell in connection with the $9 Million Financing. The 250,000 ADS Warrant, the 4,000,000 ADS Warrant and the 750,000 ADS Warrant are collectively referred to as the “Warrants.” The exercise price of the Warrants will be unconditionally reduced to $0.095 beginning on September 22, 2006. The Company will receive net proceeds of approximately $475,000 assuming all of the Warrants are exercised.

Cornell is terrible. Sometimes they run a handfull of their stocks at once and dump on buyers. Generally they just sell the hell out of them.