posted
A similar Assignment was executed by the Company's wholly-owned subsidiary, Crown Financial Group, Inc., which has ceased its operations as a broker-dealer and on September 30, 2005 filed a Uniform Request for Withdrawal from Broker-Dealer Registration with the Securities and Exchange Commission, the National Association of Securities Dealers, Inc. and various jurisdictions.
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posted
You do know that NASDAQ owned NASD until 1999 when they spinned it off. Nasdaq has been trying to streamline for quite some time now.
Wasn't all of a sudden though. NASDAQ has been looking at offers for more then 2 years. They were even considering selling the whole division at one time. But I guess they felt that streamlining would do the trick.
-------------------- Invest with your brain not with your heart.
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posted
what happens to crown, the otcbb or the otc is meaningless to cmkx. now if cmkx were a real, honest forthright company the otcbb move might have meaning. but since cmkx is a printing press company its meaningless. its being revoked will be upheld & on the outside chance cmkx has a naked short it will be wiped out. the records may still be there but nobody that matters will care. any ppl working to solve the markets NS problem wont look twice at a non-trading, revoked, used up appeals stock with a 703.5 billion o/s. why should they when honest companies with normal o/s's and still trading need their attention. so to answer your question legal, it might sound like a train is starting to move but cmkx is not on-board nor will they be waiting at the station.
-------------------- "keep your stick on the ice & your cup firmly in place"
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The Securities and Exchange Commission (SEC) has approved the transfer of the OTCBB/OTC business to the NASD. The transfer will be effective October 1, 2005. Contact information What is changing and how will it affect customers? As announced in July 2005 in Head Trader Alert #2005-083, in preparation for Exchange Registration, NASDAQ® is planning to transfer the OTCBB/OTC business to the NASD. The SEC has now approved the transfer and it will be effective October 1, 2005.
NASDAQ and NASD have structured this transfer of the businesses to be seamless to the customers of the OTCBB and OTC trade reporting businesses. NASDAQ will continue to provide the technology and connectivity used to carry out the day-to-day functions of the OTCBB and OTC trade reporting while the OTCBB business and OTC trade reporting business will be owned, managed and regulated by the NASD.
Will there be any changes to the way I trade OTCBB securities? The OTCBB will continue to be accessed through the existing channels: the NASDAQ Workstation II® (available until November 30, 2005) and application programming interface (API) (available until December 31, 2005), the computer-to-computer interface (CTCI), and through NASDAQ’s new offerings in 2005, QIX, NASDAQ’s proprietary connectivity protocol, and the new NASDAQ Workstation. OTCBB market data will also continue to be offered through the Bulletin Board Dissemination ServiceSM (BBDSSM) and the NASDAQ Trade Data Dissemination ServiceSM (TDDSSM).
I didn't feel a thing............ I, um ,, don't hear anything either ... ..
S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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Hey here's a little change of pace ....it's a company move question, I've posted elsewhere with no replys....
Here's the scenerio.... Company 'A' Confirms the Distribution of Its Shareholding in company 'B' (newly created and owned by 'A') and promising to list new company on pink or otcbb real soon... NEW YORK, Sept 2005 /PRNewswire-FirstCall via COMTEX/ -- company 'A' Inc. (OTC Bulletin Board: 'A') confirms that it is distributing its entire direct shareholding in the amount of millions and millions shares of Common Stock in 'B' Inc. to 'A' Inc. shareholders of record as at October 2005. These shares of 'B' Inc. Common Stock will be posted to 'A' Inc. shareholders of record in and during the two week period after October 2005, that being the "Pay Day" for this Dividend.
I don't believe this to be unique, but if somebody had this happen before, what do you think I could expect. Reverse-split action? actually something positive happening....This company just gave a 25% stock dividend 2 months ago.
Thanks much S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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Eagle Broadband Files Lawsuit Against Internet Posters Believed to Be Engaged in Illegal Trading Activities & Stock Manipulation Schemes Wednesday October 5, 11:30 am ET Company to Aggressively Seek Damages and Injunctive Relief to Ban Posters from Distributing False, Fraudulent and Misleading Information Designed to Damage the Company, its Shareholders and Stock
HOUSTON--(BUSINESS WIRE)--Oct. 5, 2005-- Eagle Broadband, Inc. (AMEX:EAG - News), a leading provider of broadband, Internet protocol (IP) and communications technology and services, announced today that the company has filed a lawsuit containing claims for defamation and unfair business practices in the Superior Court of California against 25 anonymous "John Doe" defendants alleging that these defendants have distributed false, fraudulent and misleading misinformation on Internet message boards in an effort to damage Eagle's business and its shareholders, and to drive down the value of its stock in order to reap profits for themselves. ADVERTISEMENT
The 25 "John Doe" defendants named in the lawsuit include individuals using the following Internet message board ID's: "upanddown100", "team_3339", "bubba2o", "benderanddundat", "advanced_headlines", "richwill21", and "phil_phd2003", among others. The company may add additional defendants to this lawsuit as additional evidence warrants.
The company has evidence that these posters have engaged in unlawful activities and is seeking monetary and punitive damages from these individuals and/or firms who have engaged in deliberate misinformation campaigns designed to drive down the price of the company's stock in an apparent attempt to capture illegal gains from short sales.
The fraudulent and misleading information distributed by these defendants has been posted on widely visited financial Internet message boards including Yahoo! Finance, Raging Bull and others. The information has included, but is not limited to, fraudulent statements about the financial condition and business activities of the company, erroneous information about the company's products, partners and customers, and personal attacks against the company's management, board of directors and employees. The lawsuit is designed to stop these individuals and/or firms from continuing these illegal activities as well as to seek the full measure of damages and other remedies permitted by law.
"While Eagle Broadband fully respects individuals' right to free speech, we will not tolerate deliberate misinformation campaigns that disseminate false and fraudulent statements that damage the company, our shareholders and the value of our stock," said David Micek, President and CEO of Eagle Broadband.
Micek continued, "The internal committee we previously formed to investigate improper trading activities has uncovered solid evidence of fraudulent and defamatory information being posted on various Internet sites. While we support the use of the Internet to discuss the company and its progress, we believe it is now appropriate to aggressively pursue all available regulatory and legal remedies against those engaging in these illegal schemes. Our goal is to do everything we can to put a stop to these illegal activities and seek maximum damages for the benefit of Eagle and its shareholders."
"As the company remains focused on growing the business, our internal committee and legal team will continue to closely monitor the online message boards, and we will remain extremely vigilant in our efforts to uncover and take action against any individuals or firms engaged in these illegal activities," Micek added.
About Eagle Broadband
Eagle Broadband is a leading provider of broadband, Internet Protocol (IP) and communications technology and services that create new revenue opportunities for broadband providers and enhance communications for government, military and enterprise customers. Eagle leverages years of proven experience delivering advanced, IP-based broadband bundled services to provide service provider partners with a way to deliver next generation entertainment, communications and security services to their subscribers. The company's product offerings include IPTVComplete(TM), the fastest, lowest cost way for broadband providers to deliver the most competitive IP video services; the MediaPro line of HDTV-ready IP set-top boxes that enable broadband providers and hotel operators to maximize revenues by delivering state-of-the-art, interactive entertainment services; and the SatMAX(TM) satellite communications system that provides government, military, homeland security and enterprise customers with reliable non-line-of-sight voice and data communications from any location on Earth. The company is headquartered in Houston, Texas. For more information, please visit www.eaglebroadband.com or call 281-538-6000. (EAGG)
Forward-looking statements in this release regarding Eagle Broadband, Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
-------------------------------------------------------------------------------- Contact: Eagle Broadband Frederick Reynolds, 281-538-6000 freynolds*eaglebroadband.com or CWR & Partners Ronnie Welch, 508-222-4802 ronnie*cwrpartners.com
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posted
Looks like legal and these others trying to pass off these false theories as truths better watch out for fear of lawsuits to me. It can work both ways. False statements are false statements.
Also making false claims of assets that they have with no proof they do like diamonds. Being that there is a 8-K that said they found nothing in the holes drilled and a financial statement from the trial saying they have nothing.
Yet these cult members will push these false rumors of assets and settlements as though they were real. Leagal sting operations, Acca's buyout, Jay's plane about to land, Willy's party about a settlement that didn't happen, Sterling's WE have diamonds and other minerals.
A false statement works both ways whether it is negative or positive. The intent is the same to manipulate the holders of the stock to sell, hold, or buy. And I hope once the revocation sets in that the 50,000 shareholders see who helped UC in this scam into buying and holding this stock.
[ October 05, 2005, 12:43: Message edited by: Ric ]
-------------------- Invest with your brain not with your heart.
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posted
This Is so misleading it is pathetic. What is his proof that Edwards owns everyone of these and also they are shareholders of record so UC had to give it to them.
But heres the misleading part. Lets start with the first one. ABDU did get 1 billion shares but turned right around and sold them and holds no other shares. They were never restricted shares. The whole list is this way. 300 billion share may have been given but are no longer held. It sounds to me the way these shares were given and sold is it was to get cash for UC. I mean how did UC get all the money and CMKX got none. The only thing they did was give away shares. Even if it was Edwards, then who is to say that they weren't in it together. Edwards sells the shares and splits the money with UC. Make up tons of companies to filter it through so it would be hard to trace.
IMO, all this fight with the SEC is a way to try and hide the books the best he can before having to run. IMO
quote:Originally posted by legaleagle: From "Columbo" List
List of Edwards Companies and Assigns On CMKX Master Shareholders list.
Company Name Shares Issued
ABDU 1,000,000,000 AGAP Serene 6,659,000,000 Alberta Resource Consortium 12,000,000,000 Albert Finch and Associates 8,000,000,000 Aruma Mining Inc 2,070,000,000 Barrington Foods Trust 200,000,000 Bazarro Gears 1,070,000,000 Berama Giorgio 3,756,168,000 British Columbia Mining Syndicate 8,000,000,000 Broadleaf Capital Trust 200,000,000 Canadian Tundra Resources 2,300,000,000 Chen Trust 1,100,000,000 Anita Cohen 4,000,000,000 Consistorium Patruum 7,140,000,000 Dela norte Trading Langley 4,391,500,000 Del la Norte Trading (Vegas) 400,000,000 Docket Reporting Services 8,000,000,000 Doyle Trust 4,400,000,000 Elan First Merchant (Langley) 2,183,009,571 Elan First Merchant (Vegas) 1,080,000,000 Eleta Brunelle (Langley) 1,972,084,000 Eleta Brunelle (Langley) 140,056,000 Jules Englehardt Trust 4,760,000,000 Eton Properties 30,958,346,596 Fastraxx 200,000,000 Faza Gee Industrial 4,346,465,996 Feasibility Studies International 714,000,000 Feasibility Mining Services 6,000,000,000 First Colony Merchant 20,000,000 Futula Alloys Inc. 1,500,000,000 Futula Alloys Inc. (Vegas) 240,000,000 Giorgio Metals 2,070,000,000 GM Steel Trust 23,850,000,000 Guardian Security Trust 200,000,000 Hiaget Gears 1,500,000,000 Huntion Trading 2,331,033,600 Inde Enterprises (Vegas) 327,000,000 Inde Enterprises (Langley) 1,220,000,000 Industrichem Trust 200,000,000 Inov8mobile Trust 200,000,000 ITC trust 200,000,000 Jasmine Tree Farms (Langley) 1,070,000,000 John Di Properties 6,940,000,000 Jt Trust 1,500,000,000 Juina Mining Trust 200,000,000 Jules Englehardt 4,760,000,000 Jules Englehardt Inc 1,600,000,000 Jules Englehardt Inc. Trust 465,500,000 Kart Trust 3,000,000,000 Jeannie Kinney 8,000,000,000 Kolba Meadmakers (Langley) 870,000,000 Kolba Meadmakers (Vegas) 80,000,000 Lajolla Leathers 870,000,000 Loan and Development Corporation 1,657,142,857 Lajolla Leathers (Vegas) 80,000,000 Mantica Trust 200,000,000 McClendon Transportation Trust 200,000,000 MCM Trust 1,500,000,000 Mineral West Associates 12,000,000,000 Moncom Enterprises (Langley) 9,704,382,283 NoAngel Glass (Langley) 950,000,000 Oles Books 1,070,000,000 Ortech Trust 200,000,000 Patruum Services 6,000,000,000 PTI Trust 27,715,067,030 Quapple Toffee (Langley) 950,000,000 Reginella Tackle Inc. 950,000,000 Anthony Rick 6,000,000 Anthony Rick acct 2 1,600,000,000 Eton Properties Anthony / Ormstead 400,000,000 Frank Ormstead 6,000,000 Sandias Azucara 500,000,000 Saskatchewan Mineral Developments 8,000,000,000 Shareholder Relations USA 7,295,250,000 Suerlan Gezebos 1,070,000,000 Tobian Trading (Langley) 8,166,394,407 Tobian Trading (Vegas) 160,000,000 Vidmar Limited Trust 3,500,000,000 Viford Trading (Langley) 5,252,112,308 Viford Trading Trust (Vegas) 134,900,000 Wakefield Services Corporation 16,262,858
Issued Totals for Edwards Companies 289,537,675,506
-------------------- Invest with your brain not with your heart.
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PO Box 27740 -------------------à Las Vegas, NV 89126 This is the same Address as NEVADA CORPORATE HEADQUARTERS links Edwards to Nevada Corporate Headquarters
Majesty Real Estate Services (Revoked 3/1/2005)
John Edwards- Manager
PO Box 27740 -------------------à Las Vegas, NV 89126 This is the same Address as NEVADA CORPORATE HEADQUARTERS links Edwards to Nevada Corporate Headquarters
Resident Agent – Bruce Thompson Pres, Sec, Treasurer – John Edwards
Note Edwards Address: 3651 Lindell Ste A Las Vegas, NV 89103 Lindell was the address used by Coffey companies: Coffey Realty, Web Street Journal.com (As per Website registration whois search), Complete Spectrum Financial Services
Registering Agent – John Lee Active Officers – John Lee Historical Officers – Ian A McIntyre (formerly with CMKM)
Note Address in Secretary of State 7500 West Lake Mead Blvd.Suite 9627 Las Vegas, NV 89128 (Also Former address of CMKI/CMKX)
CMKM DIAMONDS, INC. Suite 9627 7500 West Lake Mead Boulevard Las Vegas NEVADA 89128 Phone: +1 702 683-3722 (cell phone number)
Note Address of First Colony in SEC filings First Colony Merchant c/o John Edwards 6767 W. Tropicana Avenue #203 Las Vegas, NV 89103 (See below)
The West Mead address is significant as it is the same address as shows up on the registration documents from the SOS of Nevada for Web Street Journal.com, yet the same companies business address in a whois search of Webstreetjournal.com shows the address as :
Registrant: The Web Street Journal Inc. 3651 Lindell Road Suite H Las Vegas, Nevada NV 89103 US Phone: 999 999 9999 Fax: 999 999 9999
This shows a connection between John Lee, Ian McIntyre, John Edwards, David Coffey and Timothy Cammell / Cammel. By association we can also tie in Nevada Corporate Headquarters, and Campbell Mello Associates
The following documents were found using a web crawler of historical web sites of Nevada Corporate Headquarters:
3651 Lindell Ste A Las Vegas, NV 89103 Lindell was the address used by Coffey companies: Coffey Realty, Web Street Journal.com (As per Website registration whois search), Complete Spectrum Financial Services Global Business Solutions also ran out of this same address.
Further to the address issue:
6767 West Tropicana Ave. is listed as an office address for Complete Spectrum Lending LLC, and First Colony Merchant, although First Colony is in Suite 203 as opposed to Suite #216 of Spectrum and First Wall Street Brokers. First Wall Street Brokers is located in the White Pages when doing a reverse phone number search for Complete Spectrum Lending LLC, a David Coffey Company. First Wall Street Brokers is listed as Suite #206.
White pages listing for reverse phone search of (702) 248-1040 First Wall Street Brokers 6767 W Tropicana Ave Suite #206 Las Vegas, NV 89103 (702) 248-1040
NOTE: Since May 31st, 2005 this listing phone number has been changed.
Further to Timothy Cammel /Cammell he appears on the following companys:
CMKI - as a consultant with James Kenny on CMKI for which each received 500,000,000 shares at a time when the price was elevated. (Six Month Contract)
Environmental Monitoring and Testing w/ John Edwards (Currently a shell under a new name Netchoice Inc.). Before the recent changes Cammel was named secretary and director of Environmental, and then subsequently he became sole officer that being president.
Original Tundra Address: 8275 South Eastern Avenue, Las Vegas, Nevada 89123 (Address of principal executive offices and Zip Code)
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=330943 Note the resident agent address was Nevada Corporate Headquarters, with Bruce Thompson agent preceding that. Current officer Ronald Sloan has address of Nevada Corporate Headquarters under his name. Mr.Thompson had 67 companies which all were revoked by the Secretary of State of Nevada.
Notice the address: *Paid $150 a month rent in 2003 6767 West Tropicana Avenue Suite 203 Las Vegas, Nevada 89123 (Address of Principal Executive Office) (702) 682-3330 SAME ADDRESS AS FIRST COLONY MERCHANT http://www.secinfo.com/d123Y7.22u.htm?Find=Cammel&Line=2457#Line2457
Cammell was named president and this company is a shell that was audited by David E Coffey as well.
Note Coffey’s Address: David E. Coffey 6767 West Tropicana Avenue, Suite 203, Las Vegas, Nevada 89103 Certified Public Accountant Phone (702) 871-3979 FAX (702) 871-6769
Note Coffey’s other address in different filings for the same company: David E. Coffey Certified Public Accountant 3651 Lindell Road, Suite I Las Vegas, Nevada 89103 (702) 871-3979
Recall the address for First Colony Merchants (John Edwards) is First Colony Merchant c/o John Edwards 6767 W. Tropicana Avenue #203 Las Vegas, NV 89103
SEC Documents connect John Edwards to First Colony Merchant / Tobian Trading Ltd. / Owen Sequoia Inc / Aurum LLC by Acquitaine Trust
Reverse search on number for Timothy Cammell phone number (702) 938-0460 from 2002 Tundra Resources filing shows a record for Mortgage Capital Group Inc.
The past president of Tundra preceding was a man named James R. Ardoin and his number is also listed as (702) 938-0460.
It appears that these gentlemen may have been directly involved in Mortgage Capital Group. This was a foreign designated company registered in Nevada.
However the Mortgage Grapevine,states that this company was in trouble and lost their certification to do mortgages.
MANY MORTAGEES LOST HUD APPROVAL TO DO TITLE II LOANS. HERE IS LIST
On February 26, 2004 HUD published the list of Mortgagees that lost Title I and Title II approval. I am setting forth the list of Title II lenders only. These are the ones that lost approval between the fiscal year October 1, 2002 and September 30, 2003. The approval was lost because of failure to file the annual certified report and/or pay the recertification fee. Whatever the reason you may want to check if they are reinstated and the reason they did not submit the information timely. Especially if you are submitting loans to any of these mortgagees.
The address then changes to: 6767 West Tropicana Avenue, Suite 203, Las Vegas, Nevada 89103 (Address of Principal Executive Office) Same address as First Colony Merchant (Edwards), and Tundra Resources.
IMPORTANT! PLEASE NOTE
In the SEC filings this company is represented as a blank cheque company. As you have seen in the links above, this company remains in the name of Catherine Ratelle in the Nevada Secretary of State records, yet Mr. Cammell is stated as president of the company on March 31. In fact Mr.Cammell signed a late filing document on that date. Yet on Sept 18th 2003, Ms Ratelle was listed as president on the SEC filing. Mr Cammell has never been listed as an officer with the State of Nevada. Seems someone is filing false misleading filings with the SEC!
Also note the pattern of Levine Bagel and Associates pattern of replacing a “fired” David Coffey rears its head again in this company.
On June 15, 2004, David E. Coffey, Certified Public Accountant (“Coffey”) was dismissed as the independent registered public accounting firm for 2TheMax.Com, Inc. (the “Company”). Effective on October 5, 2004, Bagell, Josephs & Company, LLC was appointed as the new independent registered public accounting firm for the Company. The decision to dismiss Coffey and to appoint Bagell, Josephs & Company, LLC was recommended and approved by the Company’s Board of Directors
NOTE E ACQUISITION OF SUBSIDIARIES On January 10, 2003, the Board of Directors of Eurosoft Corporation approved the issuance of 104,000 shares of its common stock to the shareholders of Bing Research Corp. in exchange for all of the outstanding shares of common stock in Bing Research Corp. There were 1,741,753 shares of Bing Research Corp. outstanding at the time of this exchange. After the exchange, Bing Research Corp. became a wholly-owned subsidiary of Eurosoft Corporation. On March 19, 2003, the Board of Directors and Shareholders approved a merger agreement between the Company and E-Quest Express Corp., a Nevada corporation. In accordance with terms of the merger agreement Eurosoft Corporation exchanged 49,502,737 shares of its common stock for 49,502,737 shares of E-Quest Express Corp. common stock. After the exchange, E-Quest Express Corp. became a wholly-owned subsidiary of Eurosoft Corporation
Subsequently the company reverse split 1-100 on March 19th, 2003 Cammell is the last reported officer of the company and Mr.Coffey’s last letter is addressed to the Board of Directors in Florida. Mr.Edward’s address is the last shown address on the Sec filings. The Nevada Secretary of State office was never updated that Mr. Cammell was the President and sole officer up to the time of revocation with the Nevada Secretary of state.
They have had no operations since a reorganization in 2000 but did sell shares after that point, and did a reverse split in 2003. The company now appears dormant. Mr.Coffey has not resigned or been “fired” to date.
Bruce Thompson was resident of E-Quest, in 2003, and the Nevada Corporate Headquarters resigned on Feb 20th, 2004, as it did with all other Thompson Companies. Further to Eurosoft Donald Haines is the registered agent in Florida in the Secretary of State site. Mr. Haines is connected to David E. Coffey through, Holmes Herbs.
http://www.secinfo.com/d123Y7.4f8A7.htm?Find=Haines&Line=99#Line99 Note The address for Holmes Herbs is: Address of principal executive office: Tundra Group HSE, 8275 South Eastern Avenue, Las Vegas, Nevada 89123 Same original address as Tundra Resources and 2themax.com
Mr Haines other Ventures
Registered Agent Eurosoft (Florida) HAINES, DONALD 703 LUCERNE AVE., STE. 201 LAKE WORTH FL 33460 Name Changed: 11/12/2004 Address Changed: 11/12/2004
Officer/Director Detail Name & Address Title HAINES, DONALD 703 LUCERNE AVE., STE. 201 LAKE WORTH FL 33460 US DPS
Mr. Haines is also the former Resident Agent of St. George Metals on August 6th, 2004 and has since been replaced by Mark Giebelhaus
Note address of Netchoice Inc. (Formerly Environmental Testing) 1350 E Flamingo Rd. #688 Las Vegas Nevada 89119 Same as St.George Metals!!!!! (SGGM) http://finance.yahoo.com/q/pr?s=NTCH.OB
Mining Feasibility Corporation :
This company is also a Donald Haines corporation based in Nevada.
Note the address: 7500 West Lake Mead Blvd Las Vegas NV 89128
Same address as First Colony Merchant (John Edwards)
posted
If your going to bring a hot stock over to another board why not at least post a REAL hot stock not one the is up a little. GZFX is over 500% up and on a roll with hot news.
-------------------- Invest with your brain not with your heart.
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posted
As I said legal, even if every one of those companies are his then it still looks more like money laundering then anything else. It is funny how UC winds up with all the cash and CMKX gets the shaft. But thats right UC is hiding the money from the bad guys, but that still doesn't answer how he got it unless he had someone to sell shares for him and they give UC the money back. This is too easy to see if you take off the blinders. You people are setting up the facts against UC and don't even realize it, lol.
-------------------- Invest with your brain not with your heart.
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Joined: Dec 2004 Gender: Male Posts: 668 Re: Edwards Companies « Reply #9 on Yesterday at 11:17pm »
-------------------------------------------------------------------------------- on 8/18/2004 the O/S was 460,306,934,970 that is the day CMKX raised the A/S to 800B if those numbers are correct then edwards controlled 62.9% of cmkx O/S before the A/S increase. That would make him a majority shareholder. That would make his shares controlled shares, under reg 144.
"Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands."
What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the public, you can follow the conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
1. Holding Period . Before you may sell restricted securities in the marketplace, you must hold them for at least one year. The one-year period holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But an affiliate's resale is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, such as one an employee receives, the holding period always begins as of the date the option is exercised and not the date it is granted.
2. Adequate Current Information . There must be adequate current information about the issuer of the securities before the sale can be made. This generally means the issuer has complied with the periodic reporting requirements of the Securities Exchange Act of 1934.
3. Trading Volume Formula . After the one-year holding period, the number of shares you may sell during any three-month period can't exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of the sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
4. Ordinary Brokerage Transactions . The sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.
5. Filing Notice With the SEC . At the time you place your order, you must file a notice with the SEC on Form 144 if the sale involves more than 500 shares or the aggregate dollar amount is greater than $10,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice.
If you are not an affiliate of the issuer and have held restricted securities for two years, you can sell them without regard to the above conditions. Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met?
Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.
To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company's securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you're considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law. What If a Dispute Arises Over Whether I Can Remove the Legend?
If a dispute arises about whether a restricted legend can be removed, the SEC will not intervene. The removal of a legend is a matter solely in the discretion of the issuer of the securities. State law, not federal law, covers disputes about the removal of legends. Thus, the SEC will not take action in any decision or dispute about removing a restrictive legend.
Thats why I think this thingie with crown might have happened. Someone shorted against theyre shares.
I also think Urbie might have found this and trapped them (Remember the A/S Increase to 800B shares didnt have a vote? well lookie here)
"The authorization of additional shares of Common Stock will enable the Company to meet its obligations under the various employee benefit plans, employment arrangements and outstanding options and warrants and issue options, awards and warrants in the future. !!!!!!!!!!!!!!!!!!!!!In addition, the proposed amendment will give the Board of Directors flexibility to authorize the issuance of shares of Common Stock and Preferred Stock in the future for financing the Company's business, for acquiring other businesses, for forming strategic partnerships and alliances and for stock dividends and stock splits.!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Approval of the proposal will permit the Board of Directors to issue additional shares of Common Stock and Preferred Stock without further approval of the stockholders of the Company; and the Board of Directors does not intend
4
<PAGE>
to seek stockholder approval prior to any issuance of the authorized capital stock unless stockholder approval is required by applicable law or stock market or exchange requirements. Although the Company from time to time reviews various transactions that could result in the issuance of Common Stock or Preferred Stock, the Company is not a party to any agreement to issue additional shares of its capital stock, except as may be required in connection with the exercise of existing outstanding options and warrants or upon a proposed financing that will require the Company to issue shares of Common Stock on conversion of certain notes and on exercise of certain warrants, or in connection with options and other stock based awards which may be issued under the Company's 1998 Performance Equity Plan or under any other plan or arrangement the Board of Directors may hereafter approve.
posted
He might want to double check his figures there. Thats Phx's problem he runs off the mouth without knowing what he is talking about like the Indians and the 300 shareholders.
Some of those companies recieved shares after that date. Some were not restricted, some were sold before that date. HE DID NOT OWN 63% at anyone time. duh
Talking about passing off false statements again.
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by Ric: He might want to double check his figures there. Thats Phx's problem he runs off the mouth without knowing what he is talking about like the Indians and the 300 shareholders.
I'll have him check with you before he posts any more of his nonsense. LOL
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posted
Actually, looking at the master shareholders list so far I haven't even found but one of the companies holding during that time and only about 5% of them being restricted. Most were free trading shares. I thought he was at least a little better at dd then that even though most of what he says is proven false.
-------------------- Invest with your brain not with your heart.
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posted
I find it interesting that several of those companies actually recieved shares 2 days after the raise in a/s. And all free trading shares. The cult is making a great case for money laundering IMO.
-------------------- Invest with your brain not with your heart.
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posted
By the way legal I have the Master Shareholders list in cert order and Name order. It only tales a few seconds for me to tell you what any company got and sold in this stock.
For example:
Issued 10,162 3/4/2004 Albert Finch & Associates NV 4,000,000,000 Issued 15,017 8/20/2004 Albert Finch & Associates NV 500,000,000 Issued 15,018 8/20/2004 Albert Finch & Associates NV 500,000,000 Issued 15,019 8/20/2004 Albert Finch & Associates NV 500,000,000 Issued 15,020 8/20/2004 Albert Finch & Associates NV 500,000,000 Issued 15,021 8/20/2004 Albert Finch & Associates NV 500,000,000 Issued 15,022 8/20/2004 Albert Finch & Associates NV 500,000,000 Issued 15,023 8/20/2004 Albert Finch & Associates NV 500,000,000 Issued 15,024 8/20/2004 Albert Finch & Associates NV 500,000,000 Surrendered 10,162 3/19/2004 Albert Finch & Associates NV (4,000,000,000) Surrendered 15,017 8/20/2004 Albert Finch & Associates NV (500,000,000) Surrendered 15,018 8/20/2004 Albert Finch & Associates NV (500,000,000) Surrendered 15,019 8/20/2004 Albert Finch & Associates NV (500,000,000) Surrendered 15,020 8/20/2004 Albert Finch & Associates NV (500,000,000) Surrendered 15,021 8/20/2004 Albert Finch & Associates NV (500,000,000) Surrendered 15,022 8/20/2004 Albert Finch & Associates NV (500,000,000) Surrendered 15,023 8/20/2004 Albert Finch & Associates NV (500,000,000) Surrendered 15,024 8/20/2004 Albert Finch & Associates NV (500,000,000)
posted
I was talking about the owning 63% OF O/S and being majority shareholder during the 400 to 800 billion a/s increase. I know that I was hard on him in the statements above but it was his answer to when his last theory about the 300 shareholders that really made me think of him that way. When he wrote that Indians could have those names to try and cover up he was wrong. He should have just said oops sorry and went on. But he wants everyone to think he is better then anyone else and that he is never wrong. Problem being is that he is almost always wrong. He should but more energy in finding the truth and less in theories. Even if it means proving this is a bad investment. But he can't like many others. They rather disregard the facts as not knowing the whole picture and make up their own facts.
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by Ric: I was talking about the owning 63% OF O/S and being majority shareholder during the 400 to 800 billion a/s increase. I know that I was hard on him in the statements above but it was his answer to when his last theory about the 300 shareholders that really made me think of him that way. When he wrote that Indians could have those names to try and cover up he was wrong. He should have just said oops sorry and went on. But he wants everyone to think he is better then anyone else and that he is never wrong. Problem being is that he is almost always wrong. He should but more energy in finding the truth and less in theories. Even if it means proving this is a bad investment. But he can't like many others. They rather disregard the facts as not knowing the whole picture and make up their own facts.
I think I told you back then, that it was Jay_Adobe and Abadgoodgirl who were pushing the Indian thing, not Phxgold
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Bashers Having a Bad Day (Number 2) « Thread Started on Today at 2:28pm »
-------------------------------------------------------------------------------- Great West Gold Considers Filing of Lawsuit Wednesday October 5, 3:03 pm ET Company Believes That Certain Internet Posters are Engaged in Illegal Trading Activities & Stock Manipulation Schemes
NEW YORK, Oct. 5 /PRNewswire-FirstCall/ -- Great West Gold, Inc. (OTC Bulletin Board: GWGO - News) announced today that the Company is considering filing a lawsuit containing claims for defamation and unfair business practices against a number of anonymous "John Doe" defendants, their pseudonyms being well known to the Company and its investigators, alleging that these defendants have distributed false, fraudulent and misleading misinformation on Internet message boards in an effort to damage Great West Gold Inc.'s business and its shareholders, and to drive down the value of its stock in order to reap profits for themselves. ADVERTISEMENT
The Company to Aggressively Seek Damages and Injunctive Relief to Ban Posters from Distributing False, Fraudulent and Misleading Information Designed to Damage the Company, its Shareholders and the price of its Stock.
The company has, for a period of time, been monitoring the postings by these individuals and is at this time gathering evidence that these posters have engaged in unlawful activities and is seeking monetary and punitive damages from these individuals and/or firms who have engaged in deliberate misinformation campaigns designed to drive down the price of the company's stock in an apparent attempt to capture illegal gains from short sales.
The fraudulent and misleading information distributed by these defendants has been posted on widely visited financial Internet message boards including Yahoo! Finance, Raging Bull and others. The information has included, but is not limited to, fraudulent statements about the financial condition and business activities of the company, erroneous information about the company's products, partners and customers, and personal attacks against the company's management, board of directors and employees. The possible lawsuit would be designed to stop these individuals and/or firms from continuing these illegal activities as well as to seek the full measure of damages and other remedies permitted by law.
"While Great West Gold, Inc. fully respects individuals' right to free speech, we will not tolerate deliberate misinformation campaigns that disseminate false and fraudulent statements that damage the company, our shareholders and the value of our stock," said Richard Axtell, the Chairman of Great West Gold, Inc.
"The Company's investigations to date have in respect of improper trading activities has uncovered solid evidence of fraudulent and defamatory information being posted on various Internet sites. While we support the use of the Internet to discuss the company and its progress, we believe it is now appropriate to aggressively pursue all available regulatory and legal remedies against those engaging in these illegal schemes. Our goal is to do everything we can to put a stop to these illegal activities and seek maximum damages for the benefit of the Company and its shareholders."
"As the company remains focused on the restructuring of the business, our Management and legal team will continue to closely monitor the online message boards, and we will remain extremely vigilant in our efforts to uncover and take action against any individuals or firms engaged in these illegal activities."
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.
About Great West Gold, Inc.:
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona. Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
This release was issued through Major Newswire (http://www.majornewswire.com)
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posted
Columbo? Phxgold? Jay Adobe? Abadgoodgirl? Geez, what happened to the good old days when there was only Sterling to make fun of with his double short theory? That was bad enough but now there's this new crop with the ten little Indian theory and who knows what else. Ahh how I long for the old days when things were so much simpler. Too much to keep track of nowadays.
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posted
GWGO is the company Stockster was asking about. they have over 12.3 billion in the o/s. they are taking the only things that might have value putting them in a second company with just under 1 billion in the o/s & giving it out as a divy. the value stuff is gold claims, nothing is found the last i checked a few months ago. if i remember the filing about 4 months ago said they were going to consolidate the shares of GWGO after the divy...the fancy word for r/s. so now the company thinks ppl are bashing the stock & hurting its pps.....what was that line about laughing legal used??? i think it was "can't stop".
-------------------- "keep your stick on the ice & your cup firmly in place"
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