Anyone-just what does OTC Journal really do for 1 million shares? According to the OTC Journal disclaimer, MarketByte LLC has been compensated $25,000 in cash and 1,000,000 newly issued restricted shares by Virtra Systems for coverage of the company.
Here is the disclaimer on OTCjournal.com about the fees and their purpose. Read into it what you want. Good Luck to All. Buddyholly
Clever tyrants are never punished! VOLTAIRE
Disclaimer
The OTCjournal.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, this publication accepts compensation from certain of the companies which it features. Likewise, this newsletter is owned by MarketByte, LLC. To the degrees enumerated herein, this newsletter should not be regarded as an independent publication.
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Covered Companies and Compensation in Chronological Order (Beginning with the Most Current) 38 NuWave, Inc.
Coverage Period: February 15, 2004 - February 15, 2005 Company Symbol: NWAV
Compensation: MarketBtye LLC has been paid of fee of $25,000 in cash and 250,000 newly issued, restricted shares by NuWave for coverage of the company.
37 NuTech Digital, Inc.
Coverage Period: February 11, 2004 - August 11, 2004 Company Symbol: NTDL
Compensation: MarketByte LLC has been paid of fee of 25,000 free trading shares and 25,000 restricted shares by NuTech Digital for coverage of the company. Please review our policy for selling shares found in the Mission Statement on our home page.
36 ActionView International
Coverage Period: October 16, 2003 - October 16, 2004 Company Symbol: AVWI
Compensation: MarketByte LLC has been paid a fee of $30,000 and 125,000 free trading shares by a third party for coverage of ActionView.
35 HyperDynamics Corp.
Coverage Period: September 20, 2003 - September 20, 2004 Company Symbol: HYPD
Compensation: MarketByte LLC has been paid a fee of 116,000 free trading shares of Hyperdynamics by a third party for reporting on the company.
34 NetWork Installation Corp.
Coverage Period: August 02, 2003 - August 02, 2004 Company Symbol: NWIS
Compensation: MarketByte LLC has been paid of fee of $25,000 and 250,000 newly issued restricted shares by NetWork Installation for coverage of the company.
33 Virtra Systems, Inc.
Coverage Period: July 15, 2003 - July 15, 2004 Company Symbol: VTSI
Compensation: MarketByte LLC has been paid a fee of $25,000 in cash and one million newly issued restricted shares by Virtra Systems for coverage of the company.
32 Imaging Technologies
Coverage Period: July 10, 2003 - July 10, 2003 Company Symbol: IMTO
Compensation: MarketByte LLC has been paid a fee of $25,000 in cash and 5 million shares of newly issued restricted stock by Imaging Technologies for publications on the company.
31 Amnis Systems
Coverage Period: June 03, 2003 - June 03, 2004 Company Symbol: AMNM
Compensation: MarketBtye LLC has been paid of fee of $25,000 in cash and 2 million newly issued restricted shares by Amnis for coverage of the company. In November 2003, the contract was ammended to include an additional 2 million shares of restricted stock. All four million shares are currently free trading subsequent to an effective registration statement.
30 SHEP Technologies Inc.
Coverage Period: February 21, 2003 - August 21, 2004 Company Symbol: STLOF
Compensation: MarketByte LLC has been paid of fee of $75,000 directly by Shep Technologies, Inc. for coverage for a period of six months. An additional fee of 100,000 free trading shares has been paid by a third party.
29 Irvine Sensors
Coverage Period: December 17, 2002 - December 31, 2004 Company Symbol: IRSN
Compensation: MarketByte, LLC has been paid a fee of $25,000 by Irvine Sensors for coverage through December 31, 2003. As part of the agreement, one of the prinicipals of MarketByte, LLC has been awarded 75,000 options, with an exercise price of $1.35.
28 Family Room Entertainment
Coverage Period: November 11, 2002 - December 31, 2004 Company Symbol: FMLY
Compensation: MarketByte, LLC has been paid a fee of $25,000 by Family Room Entertainment for coverage through January 31, 2003. An additional 150,000 free trading shares have been paid by a third party. On February 1, 2003, Family Room extended its contract with MarketByte, LLC for coverage through the remainder of 2003 for a fee of $30,000 in cash and 300,000 shares of restricted stock. In December 2003, Family Room extended its contract with MarketByte LLC through 2004 for an additional 2 million shares of newly issued, restricted common stock. The 2 million shares are now registered and free trading. 300,000 shares remain restricted.
27 Stockgroup Information Systems, Inc.
Coverage Period: September 06, 2002 - September 06, 2004 Company Symbol: SWEB
Compensation: MarketByte, LLC has received no compensation in the form or cash or securities for coverage of StockGroup Information Systems. Currently, there is no formal relationship between the two parties. Both parties are contemplating an informal relationship wherein MarketByte may receive benefits in the form of advertising and/or technology services. One of our editors has purchased 125,000 shares of StockGroup for his own personal account. This should be construed as a potential conflict of interest.
26 Calypte Biomedical Corporation
Coverage Period: May 31, 2002 - January 31, 2003 Company Symbol: CALY
Compensation: MarketByte, LLC has been paid a fee of 250,000 free trading shares of Calypte common stock by First Stage Capital for coverage of Calypte Biomed. On August 12, 2002, MarketByte, LLC entered into an agreement directly with Calypte Biomed to continue coverage of the company through October 31, 2002. Calypte Biomed paid $25,000 cash as compensation, and an additional 300,000 shares of free trading stock were paid by a third party on behalf of the company. On November 1, 2002, MarketByte, LLC and Calypte Biomed agreed to renew the agreement to extend through January 31, 2003 in return for $25,000 in cash, and an additional 300,000 shares of free trading stock were paid by a third party.
25 Diomed Corporation
Coverage Period: February 22, 2002 - February 22, 2003 Company Symbol: DIO
Compensation: MarketByte, LLC has been paid a fee of $100,000 in cash and 250,000 options convertible into free trading shares, exercisable at $3.50, by Mohammed Patel, an individual, for publishing information on Diomed Corp for a period of one year.
24 Cross Media Marketing Corp.
Coverage Period: November 05, 2001 - November 05, 2002 Company Symbol: XMM
Compensation:
23 Astralis, LLC (Hercules Development Group)
Coverage Period: September 28, 2001 - September 28, 2002 Company Symbol: ASTR
Compensation: MarketByte, LLC has been paid a fee of $100,000 in cash and 100,000 options exercisable at $2.50 by the Investor Relations Group for publishing information on Astralis, LLC for a period of one year.
22 Neptune Society
Coverage Period: June 29, 2001 - June 29, 2002 Company Symbol: NTUN
Compensation: MarketByte, LLC has been paid a fee of $100,000 in cash and 50,000 shares of free trading stock for representing Neptune Society for a period of one year. The fee has been paid by BG Capital Group on behalf of the company.
21 Energy Power Systems, LTD
Coverage Period: February 10, 2001 - February 10, 2002 Company Symbol: EGY
Compensation: MarketByte, LLC has been paid a fee of 125,000 shares of free trading stock for representing the company for one year. The fee has been paid by Fieldston Traders, LTD acting on behalf of the company.
20 XML Global Technologies
Coverage Period: February 02, 2001 - February 02, 2003 Company Symbol: XMLG
Compensation: MarketByte, LLC has been paid a fee by XML Global for a year of representation: $100,000 cash, 60,000 shares of free trading stock, 60,000 shares of restricted stock, and 60,000 options exercisable at $2. The 60,000 shares of free trading stock have been contributed by a third party on behalf of the company. MarketByte's contract to represent the company expired February 2, 2002. The contract was renewed for another year, and XML Global has paid compensation of $20,000 in cash and one million shares of newly issued restricted common stock.
19 Visa Gold Explorations, Inc.
Coverage Period: November 10, 2000 - November 10, 2001 Company Symbol: V.YVL
Compensation: MarketByte, LLC has been paid a fee of $25,000 for the release of this report by the Investor Relations Group acting on behalf of Visa Gold Explorations.
18 MedGrup Corp.
Coverage Period: October 06, 2000 - October 06, 2001 Company Symbol: CODX
Compensation: MarketByte, LLC has been paid a fee of $40,000 and 40,000 shares of MedGrup stock for representing MedGrup for one year. The fee has been paid by SSP Management acting on behalf of MedGrup.
17 iQROM Communications, Inc.
Coverage Period: June 02, 2000 - June 02, 2001 Company Symbol: IQCO
Compensation: MarketByte, LLC has been paid a fee of $50,000 for representing the company for one year. The fee has been paid by LOMA AG, acting on behalf of iQROM.
16 PhotoChannel Networks, Inc.
Coverage Period: May 12, 2000 - May 12, 2001 Company Symbol: PHCHF
Compensation: MarketByte, LLC, the owner of the OTC Journal has been paid a fee of $100,000 to represent PhotoChannel Networks for a period of one year. The fee has been paid by The Investor Relations Group, acting on behalf of PhotoChannel.
15 Tropika International, LTD
Coverage Period: February 18, 2000 - February 18, 2001 Company Symbol: V.YTK
Compensation: SSP Management, the former owner of the OTC Journal, has been paid a fee of $50,000 for representing Tropika International for one year. The fee has been paid by the Investor Relations Group, on behalf of Tropika.
14 MicroAccel
Coverage Period: January 21, 2000 - January 21, 2001 Company Symbol: MCXL
Compensation: SSP Management, the former owner of the OTC Journal, has been paid a fee of $100,000 to publish information on MicroAccel for a period of one year. The fee has been paid by the Investor Relations Group, acting on behalf of MicroAccel.
13 Pawnbroker.com
Coverage Period: December 10, 1999 - December 10, 2000 Company Symbol: PBRR
Compensation: No compensation of any kind has been paid for coverage.
12 Blue Zone, Inc.
Coverage Period: November 12, 1999 - November 12, 2000 Company Symbol: BLZN
Compensation: SSP Management, the former owner of the OTC Journal, has been paid a fee of $50,000 by The Investor Relations Group, acting on behalf of Blue Zone for one year of representation.
11 Neptune Society
Coverage Period: October 01, 1999 - October 01, 2000 Company Symbol: NTUN
Compensation: SSP Management, the former owner of the OTC Journal has been paid the following fee by BG Capital Group on behalf of Neptune Society to represent Neptune for a period of one year: $50,000 in cash, and 100,000 options exercisable at $4. The terms of the contract do not allow the exercise of the aforementioned options until October 1, 2000.
10 StockGroup.com Holdings
Coverage Period: August 27, 1999 - August 27, 2000 Company Symbol: SWEB
Compensation: SSP Management, the former owner of the OTC Journal, has been paid a fee of $50,000 by Incite Marketing Group, acting on behalf of Stockgroup.com.
9 Envoy Communications Group, Inc.
Coverage Period: July 16, 1999 - July 16, 2000 Company Symbol: ECGI
Compensation: SSP Management, the former owner of the OTC Journal, has been paid a one-time fee of $50,000 for representing Envoy Communications for a period of one year. The fee has been paid by BG Capital Group, acting on behalf of Envoy Communications.
8 Engineering Power
Coverage Period: May 04, 1999 - May 04, 2000 Company Symbol: EGPDF
Compensation: SSP Management has received the following compensation from Engineering Power Systems: 125,000 options, exercisable at $1.75. As part of the Agreement, Engineering Power has paid $83,750 in fees for Web Site development, proprietary database management systems, and Internet Marketing Technologies which have been provided by 1st Net, the parent company of SSP Management.
7 US Microbics
Coverage Period: April 10, 1999 - April 10, 2000 Company Symbol: BUGS
Compensation: SSP Management, the former owner of the OTC Journal, has been paid a fee of $50,000 and 10,000 shares of restricted stock which is currently eligible to become free trading.
6 Netsol (Mirage Holdings)
Coverage Period: January 15, 1999 - January 15, 2000 Company Symbol: NTWK
Compensation: SSP Management, the former owner of the OTC Journal, has been paid of fee of $50,000 and 50,000 shares of restricted stock which has become free trading. On July 1, 2000, SSP Management had sold all but 1500 shares of NetSol International.
5 1st Net Technologies
Coverage Period: January 02, 1999 - January 02, 2000 Company Symbol: FNTT
Compensation: No Formal Compensation has been paid by 1st Net. However, 1st Net Technologies is the parent company of wholly-owned subsidiary SSP Management. SSP Management is the former owner of the OTC Journal. The OTC Journal was purchased from SSP Management by MarketByte, a California based Limited Liability Corporation. One of the editors of the OTC Journal currently owns 100,000 restricted shares of 1st Net Technologies, which is eligible to become free trading at any time. Investors must view this as a potential conflict of interest.
4 AXYN Corporation
Coverage Period: November 12, 1998 - November 12, 1999 Company Symbol: AXYN
Compensation:
3 Great White Marine & Recreation, Inc.
Coverage Period: September 08, 1998 - September 08, 1999 Company Symbol: JAWS
Compensation:
2 WordCraft Systems, Inc.
Coverage Period: May 15, 1998 - May 15, 1999 Company Symbol: WORC
Compensation:
1 Ontro, Inc.
Coverage Period: May 05, 1998 - May 05, 1999 Company Symbol: ONTR
SF, This is bogus, not happy to know this. This tells me they don't think the product can do it on it's own...not good, damn! Perhaps they don't feel their own recent vibe...geez
Now we will hear all the BS from the other hopefuls about why "restricted" shares aren't such a bad thing...etc, etc, etc.
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