posted
Scottrade has this locked up. Says on hold pending tender offer or reorg. Anybody got any news on this?
Dakota asked you that......
Trader O
posted
All I know is that I'm holding the bag and they cancelled my last sell order on E-Trade.
justplayin
posted
SEC has halted trading:
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION Securities Exchange Act of 1934 Release No. 51202 / February 15, 2005 Administrative Proceeding File No. 3-11829 In the Matter of DrKoop.Com, Inc., 1st Miracle Entertainment, Inc., and United States Crude International, Inc.
Administrative Proceeding File No. 3-11830 In the Matter of Advanced Solutions & Technologies, Inc., Comparator Systems Corp., Emerging Enterprise Solutions, Inc., and Shaman Pharmaceuticals, Inc.
Administrative Proceeding File No. 3-11831 In the Matter of Amitelo Communications, Inc. and Whitehall Enterprises, Inc.
SECURITIES AND EXCHANGE COMMISSION INSTITUTES ADMINISTRATIVE PROCEEDINGS AGAINST 9 DELINQUENT COMPANIES FOR FAILURE TO MAKE REQUIRED PERIODIC FILINGS The U.S. Securities and Exchange Commission today instituted three separate public administrative proceedings against a total of nine companies to determine whether the registration of each class of their securities should be revoked or suspended for failure to file required periodic reports.
In the Matter of DrKoop.Com, Inc., et al., Administrative Proceeding File No.
In this proceeding, the Commission issued administrative proceedings against the following issuers:
DrKoop.Com, Inc.
1st Miracle Entertainment, Inc.
United States Crude International, Inc.
In this Order, the Division of Enforcement alleges that the three issuers are delinquent in their required periodic filings with the Commission. The Division of Enforcement also alleges that each of these issuers has, at times during the past twelve months, traded at volumes exceeding 100,000 shares per day.
In the Matter of Advanced Solutions & Technologies, Inc., et al., Administrative Proceeding File No.
In this proceeding, the Commission instituted administrative proceedings against the following issuers:
Advanced Solutions & Technologies, Inc.
Comparator Systems Corp.
Emerging Enterprise Solutions, Inc.
Shaman Pharmaceuticals, Inc.
In this Order, the Division of Enforcement alleges that the four issuers are delinquent in their required periodic filings with the Commission. The Division of Enforcement also alleges that each of these issuers has, at times during the past twelve months, traded at volumes exceeding 100,000 shares per day.
In the Matter of Amitelo Communications, Inc., et al., Administrative Proceeding File No.
In this proceeding, the Commission instituted administrative proceedings against the following issuers:
Amitelo Communications, Inc.
Whitehall Enterprises, Inc.
In this Order, the Division of Enforcement alleges that the two issuers are delinquent in their required periodic filings with the Commission. The Division of Enforcement also alleges that each of these issuers has, at times during the past twelve months, traded at volumes exceeding 100,000 shares per day.
In each of these proceedings, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act), a hearing will be scheduled before an Administrative Law Judge. At those hearings, the judge will hear evidence from the Division of Enforcement and the respondents to determine whether the allegations of the Division of Enforcement contained in the Orders, which the Division alleges constitute violations of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder, are true. The judge will then determine whether the registrations pursuant to Exchange Act Section 12 of the securities of these respondents should be revoked, or in the alternative, suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge issue an initial decision in each of these proceedings not later than 120 days from the date of service of the orders instituting proceedings.
By the Commission.
Jonathan G. Katz Secretary
Appendix 1a (DrKoop.Com, Inc., et al.)
Appendix 1b (Advanced Solutions and Technologies, Inc., et al.)
Appendix 1c (Amitelo Communications, Inc., et al.)
Appendix 1d (Amitelo Communications, Inc. y otros)
See also the Order in this matter (DrKoop.Com, Inc., 1st Miracle Entertainment, Inc., and United States Crude International, Inc.)
See also the Order in this matter (Advanced Solutions & Technologies, Inc., Comparator Systems Corp., Emerging Enterprise Solutions, Inc., and Shaman Pharmaceuticals, Inc.)
See also the Order in this matter (Amitelo Communications, Inc., and Whitehall Enterprises, Inc.)
See also the Order in this matter (Amitelo Communications, Inc., y Whitehall Enterprises, Inc.)
quote:Originally posted by justplayin: Release No. 51202 / February 15, 2005
That's not recent, is it?
Ric
posted
quote:Originally posted by Dakota: Scottrade has this locked up. Says on hold pending tender offer or reorg. Anybody got any news on this?
Dakota asked you that......
They have been ordered revoked.
ORDER MAKING FINDINGS DRKOOP.COM, INC., : AND REVOKING REGISTRATIONS 1st MIRACLE ENTERTAINMENT, INC., : BY DEFAULT and UNITED STATES CRUDE : INTERNATIONAL, INC. : :
--------------------------------
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 51529/April 12, 2005 ADMINSTRATIVE PROCEEDING File No. 3-11829 ___________________________________ In the Matter of : : ORDER MAKING FINDINGS DRKOOP.COM, INC., : AND REVOKING REGISTRATIONS 1st MIRACLE ENTERTAINMENT, INC., : BY DEFAULT and UNITED STATES CRUDE : INTERNATIONAL, INC. : : ___________________________________ The Securities and Exchange Commission (Commission) issued its Order Instituting Proceedings (OIP) on February 15, 2005. A Show Cause Order was issued on March 22, 2005, directing Respondents to show cause, on or by March 31, 2005, why they should not be held in default due to their failure to file answers and failure to attend a prehearing conference. See 17 C.F.R. §§ 201.155(a), .220(b), .221(f). On April 6, 2005, the Division of Enforcement renewed its previous motions, which had requested entry of orders of default as to all Respondents. To date, Respondents DrKoop.com, Inc. (DrKoop), and 1st Miracle Entertainment, Inc. (1st Miracle), have failed to file answers to the OIP or responses to the Show Cause Order. On March 31, 2005, James F. Alter (Alter) filed a letter entering his pro se appearance on behalf of United States Crude International, Inc. (U.S. Crude). Attached to Alter’s letter was a copy of a previously filed Memorandum of Response of U.S. Crude, drafted and submitted by Alter, and a copy of the minutes of U.S. Crude’s March 22, 2005, Board of Directors meeting, at which Alter was appointed “Interim Director” to assist U.S. Crude in this proceeding. U.S. Crude has failed to comply with the Show Cause Order. As stated in the Show Cause Order, and despite Board action now appointing him “Interim Director,” Alter is not an attorney nor a representative of U.S. Crude as defined in Rule 102 of the Commission’s Rules of Practice. I cannot, therefore, consider any of his filings to be on behalf of U.S. Crude. See 17 C.F.R. § 201.102. DrKoop, 1st Miracle, and U.S. Crude are in default for failing to file answers to the OIP, and for failing to attend a prehearing conference. 17 C.F.R. §§ 201.155(a), .220(b), .221(f). Pursuant to Rule 155(a) of the Commission’s Rules of Practice, 17 C.F.R. § 201.155(a), I find the following allegations in the OIP to be true. 2 DrKoop is a Delaware corporation with its last known headquarters in Santa Monica, California, and a class of securities registered with the Commission under Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act). DrKoop is delinquent in its periodic filings, having last filed a periodic report with the Commission for the period ending September 30, 2001, and it has a void status with the Delaware Secretary of State. DrKoop reported assets of $14,347,000, liabilities of $13,676,000, and a net loss of $17,493,000 for the nine months ending September 30, 2001. On December 17, 2001, DrKoop filed for bankruptcy under Chapter 7 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Central District of California. As of November 30, 2004, DrKoop was quoted on the Pink Sheets. For the six months ending August 24, 2004, DrKoop had an average daily trading volume of 29,091 shares. 1st Miracle is a Nevada corporation headquartered in Los Angeles, California, with a class of securities registered with the Commission under Section 12(g) of the Exchange Act. 1st Miracle is delinquent in its periodic filings, having last filed a periodic report with the Commission for the period ending January 31, 2002. 1st Miracle reported no assets, liabilities of $2,905, and a net loss of $5,905 for the three months ended January 31, 2002. As of November 30, 2004, 1st Miracle was quoted on the Pink Sheets. For the six months ended August 24, 2004, 1st Miracle had an average daily trading volume of 2,808,166 shares. U.S. Crude is a Nevada corporation headquartered in Redlands, California, with a class of securities registered with the Commission under Section 12(g) of the Exchange Act. U.S. Crude is delinquent in its periodic filings, having last filed a periodic report with the Commission for the period ending December 31, 2000. U.S. Crude reported assets of $3,137,000, liabilities of $361,000, and a net loss of $717,000 for the nine months ended December 31, 2000. As of November 30, 2004, U.S. Crude was quoted on the Pink Sheets. For the six months ended August 24, 2004, U.S. Crude had an average daily trading volume of 186,889,704 shares. Section 13(a) of the Exchange Act and the rules promulgated thereunder require issuers with classes of securities registered pursuant to Section 12 of the Exchange Act to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Exchange Act Rule 13a-1 requires issuers to file annual reports (Forms 10-K or 10KSB), and Exchange Act Rule 13a-13 requires issuers to file quarterly reports (Forms 10-Q or 10-QSB). All three Respondents have failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder for several periods. Based on the foregoing, I find it is necessary and appropriate for the protection of investors to revoke the registration of each class of the securities of DrKoop, 1st Miracle, and U.S. Crude. Order IT IS ORDERED that, pursuant to 12(j) of the Securities Exchange Act of 1934, the registration of each class of the securities of DrKoop.com, Inc., is hereby revoked. 3 IT IS FURTHER ORDERED that, pursuant to 12(j) of the Securities Exchange Act of 1934, the registration of each class of the securities of 1st Miracle Entertainment, Inc., is hereby revoked. IT IS FURTHER ORDERED that, pursuant to 12(j) of the Securities Exchange Act of 1934, the registration of each class of the securities of United States Crude International, Inc., is hereby revoked. _______________________________ Lillian A. McEwen Administrative Law Judge
Ric
posted
I tried to worn people on this one.
Leardron
posted
Hey, Does anyone know, for us stupid idiots holding the bag, if there is a chance that another company might buy up USCI and use it as their stock. Kind of like what IBAC did with ICAN. ICAN stock symbol used to be for some kind of company that dealt with Ice until IBAC took it over. Wondered if something like that can happen with USCI some day?
Ric
posted
No, they can buy the assets and could distibute the money to the holders but more then likely that won't happen. Hasn't in the past. But the big problem is that once the symbol disappears the company doen't know who you are anyway unless you own the certs. But unless they can win a appeal which is very unlikely then this stock no longer exist as far as a public tradable stock. You still own a private company now. Just that since all they did was sell shares lately and SEC couldn't even find them, I would say you get nothing. Which is what happens 99% of the time anyway once a company like this is revoked.
WinsumLosesum
posted
Learndon, I was wondering the same thing.
We all remember this story, right? Last December, SPEA was at .10 (I think). Then, Robert F.X. Sillerman took it over, and simultaneously acquired 85% of the Elvis franchise.
SPEA is now CKXE, and trades for 24 bucks.
Ric
posted
But they were holding companies. There stock was not revoked. Once revoked the company can no longer trade in a public forum. Even if they are bought. This company cannot trade as a public company unless they can have the revocation lifted which rarely happens and usually is because of a error. They can sell there assets but not there company other then a private sell. Never can they be public as long as they are revoked.
WinsumLosesum
posted
Thanks, Ric. So, are you saying, IF the company ever actually DOES something, the only way we can benefit is if we have the certs of this now private company?