InvestorsHub Logo
icon url

john_doe2

05/24/07 8:06 PM

#27830 RE: Cowboy #27828

This is the specific part about the nature of the companies.

With the assistance of Select American, its principals, former principals and others,including John Sparrow and Kervin Findlay, the following companies have assumed thecorporate identities of dormant or inactive companies,
icon url

wzebra33

05/24/07 8:08 PM

#27832 RE: Cowboy #27828

June 1st is the date for court action and this company had better get a pr first thing friday or big selloff will happen (IMO)
icon url

twentytoo

05/24/07 8:13 PM

#27833 RE: Cowboy #27828

I own what was ILGY but yesterday they did a reverse split and now have a new ticker ILGL. It seems as if the company was under investigation the SEC would not have allowed the split and symbol change. Interestingly the thing has not had very much volume or the large selloff like the usual RS brings about. I wonder if this might not be the Canadian way of punishing all of the naked shorting going on.
icon url

diamonddavedc

05/24/07 8:19 PM

#27838 RE: Cowboy #27828

Plus no one even knows if this allegation was before the R/S and the new entity or after the new entity.
icon url

asus

05/24/07 8:20 PM

#27839 RE: Cowboy #27828

Unfortunately that isn't true Cowboy, it is all about the companies. I'm sorry if anyone gets hurt in PMCL. This is the complaint, with the bold being most relevant to what you said:

6. In addition, with respect to Yevgen D. Konaryev ("Kron"), it appears that Pharm Control
issued press releases at the direction of Kron that contained misleading or untrue material
statements with respect to the financial state of the company;


3. With the assistance of Select American, its principals, former principals and others,
including John Sparrow and Kervin Findlay, the following companies have assumed the
corporate identities of dormant or inactive companies,
the securities of which were
previously quoted for trading on the Pink Sheets LLC in the over-the-counter securities
market in the United States: