quote:Originally posted by richie: In at 0.0013 for 100.000. will ther be any news on this.
richie, please research a stock carefully b4 putting ANY of your hard earned money into it. ESPECIALLY a subpenny.
Posts: 59 | From: NJ | Registered: Feb 2006
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Before we all jump the gun, lets look closer..
First, this is the first time I ever saw the SEC take action against a pink.
Secondly, the problems is with the statement that KSW has an unknown officer, and the joint venture.
I have questioned this joint venture, wondering who they are dealing with.
What if the company provides this info to shareholders????????????? Who determines the time frame for releasing this type of news???
This could just be a match to light KSWJ's fire to get them to be current with info...... Read it gain,,,,,,,,,,the SEC is doing this to protect us, all the company needs to do is proved this info to us... That's all...
Forgot to add.........
We should thank the SEC,,,,,,,,because no dilution can take place if this is what they were doing...
Also, KSWJ will now have to act fast to get on the right track.
If they don't, then for certain, they are criminal, and we will all know it...
I will give them 1 week to clarify this.
Posts: 793 | Registered: Aug 2004
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??? "First, this is the first time I ever saw the SEC take action against a pink." ???
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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I have filed more than a dozen complaints within the past 10 years pertaining to what I believed was fraud on PINKS...
Most notably, VRMD for which I had pages and pages of actual criminal activity.....
The SEC called me 5 or 6 times I e-mailed them 50 times....
What happened??? BACK BURNER on VRMD....
PALR, a scam.
MEMI "Tony Cataldo" monster scam.
I have never seen the SEC do this to a PINK, or at least one that I was invested in.... Fact.
Is this SEC bit part of a wide area of intervention?
What facts does the SEC have other than, the 2 small paragraphs of them claiming that there might be misleading info?
Company A makes a claim that they are in negotiations with company B, a month goes by,no PR is released, DOES THAT mean the SEC can jump in and suspend trading?????
The SEC needs to clarify why they took the actions they did,,,,,,,,
"The Commission temporarily suspended trading in the securities of KSW Industries because of questions that have been raised about the accuracy and adequacy of publicly disseminated information"
Who was complaining, and what evidence do they have,,,,,,,,,,,,,and more importantly, why hasn't this evidence been released to us shareholders???????????
That's what people should be asking themselves...
Sorry I sound irate, but this SEC action without substanitated facts is just pure bull.
It's almost as if the SEC is forcing Anderson to give us a PR on the latest actions of the company.
Wow this is great,,,,,,,I am going to buy stock in any random pink, and when they release a PR claiming something good, I am going to complain to the SEC so they can suspend trading and force the company to update the information quickly....
Sense that sarcasm above,,,,,and then you will know why I feel the way I do.
Posts: 793 | Registered: Aug 2004
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All I see is complaints by unknowns..... If anyone wanted to, they can just start randomly e-mailing complaints based on 1 month old PR's from any given PINK.
KSWJ had what?? 1 not even 2 months go by on the supposed Misleading claims... This friggin baffles me!
Posts: 793 | Registered: Aug 2004
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TLW, I'm a bit tired tonight, but I will see if I can find some pinks that SEC have suspended and revoked. One I am familiar with, and witnessed the pumpers hang on to, even after revocation is CMKX. Tomorrow if/when I have time I will look into some others. I understand what your position is, but believe me, many a pink has felt the sting of the SEC, just not the ones you have cited to them.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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There are obvious scams, that get overlooked everyday.
MEMI,,,,I can write a trilogy on this scam. Same with VRMD.
SEC doesn't care one bit about the obvious ones.
What does this SEC letter tell you about KSWJ?
1.People complained.
Did the SEC call Anderson? Did they confirm what KSWJ stated is NOT true? HOW DID THEY CONFIRM IT. Their acting on a hunch.. That's ok with me, but they can really kill a company by scaring people, especially if none of this is warranted.
Why don't they just say what they know, and not assume?
In honesty,
I have yet to receive any of 4 e-mails sent to KSWJ.
The T/A girl sounded like a highschool dimwit.
And this EM-100 process is like hebrew to me.
Posts: 793 | Registered: Aug 2004
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Please don't jump all over me...but did you check into KSWJ very much? I agree there seems to be allot of other BS companies out there that don't get shut down...but I am pretty new in this game and I jumped in this one..and pretty much in "midjump"...alarms went off..and I started digging...couldn't put my finger on it..but bailed...too much volume...low float...no movement...actually PPS goes down...their email address is a hotmail account? Heard their answering machine when you call their number? The "CEO" emails you back late at night...not eeven using correct sentence structure or in a business type of language?
(And to put the icing on the cake...INVESTER??? Sorry guy...you may be real...but all I can say is WOW...you're the one that really made me jump out...You pumped too hard...)
Yes..it sucks that they stopped the trading...and I am sure their are allot of people that will be out some money...but at the same time...this is probably for the best...perhaps it will "scare' other a**holes from starting scam companies...or perhaps it will save some poor guy from putting his last buck into a sinking ship...
As a share holder...call the SEC...Email...do what you got to do and get to the bottom of it...but don't "blame" the sec for attempting to do what is right...maybe they just used the "false claim" accusation as a "cover...and it really has something to do with the all the other Sec stopping of Microcap fraud stuff going on...
Perhaps the Sec is finally going to put a stop to some of the BS...and this is the start...I'm sorry you were in..sorry that allot of people were in...GLTY...
Don't be real hard on me...K?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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LTW, the SEC follows a proccedure. They never give detailed explanation for suspension. That will be made public either by virtue of the company reply, or subsequent SEC rulings after the reply or reply period expires, and/or via a hearing. It is a set proceedure that guarantees due process for the accused company.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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im more mad at myself for buying this crap! I cant blame anybody but myself. I to saw the hotmail email address and with blind faith bought the crap anyways . i did make some money on it so im not to mad but to blame anyone at this point only ruins it for all of us . we are all guilty of pumping and bashing at some level.
Posts: 330 | From: oregon | Registered: Dec 2004
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quote:Yes..it sucks that they stopped the trading...
Suck? How you think I felt when Scottie FTD'd my f/s shares on GVRP?
100 bucks ----> $15k
Plenty of peeps (Ameritrade folk) make dough at that ratio...but me!?! NOOOahh, way, Jose. I wound up with a piece of paper that looks like sumpin you win in 4th-f'in grade, lol
Point? first, learn all you can; second, trade better; third, be an American: pressure your elected officials to clean it up...
quote:Originally posted by TruthLiesWithin: Why did the SEC say we don't know who the CEO is?
isn't it Anderson?
What if he clarify's the PR's will things return to normal.
Well guys and gals, I'm in the same boat and have no one to blame but myself. Anyway, there were a few red flags.
The Oct. 4th, 2005 PR states that along with the ticker change, that a Mr. Marat Shteyn was made the new President and CEO. Then, less than a month later on Nov. 1st, 2005 the next PR notes George Anderson as the President of KSWJ. So, what happened there. Also, I've been calling and e-mailing the Co. for the past 2 wks. without a response. Their voice message doesn't even mention the company name, sounds like a residence. So.......what the heck was I / we thinking. Hopefully, when trading resumes we can all squeeze out a few pennys! Anyone Else?
Posts: 616 | From: Mid West | Registered: Mar 2006
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Unfortunately, looks like lost money for us? Good thing I used my gambling money on this stock, like I do on all these penny stocks.
Posts: 224 | From: Denver | Registered: Feb 2006
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