posted
This is from another post...can't say if it's valid or not, but it probably has something to do with the drop.
"STTK got someone's attention, although these guys are usual wrong:
Dear Reader,
********** has uncovered the worst of the worst. Avian Flu has attracted numerous pump and dumps and has created a compelling story for stock promoters worldwide. In the case of Smart-Tek Solutions (OTC:STTK), you will not believe what you read. With negative money in the bank, no research and development, and no mention of bird flu until this November, the company has alligned itself with a nefarious character who has gotten in troublein the past for LYING ABOUT SELLING PRODUCTS IN CHINA. This stock has halt written all over it. For the full report go to www.**********.com.
Cautious Investing To All
**********.com"
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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quote:Originally posted by Repoman75: This is from another post...can't say if it's valid or not, but it probably has something to do with the drop.
"STTK got someone's attention, although these guys are usual wrong:
Dear Reader,
********** has uncovered the worst of the worst. Avian Flu has attracted numerous pump and dumps and has created a compelling story for stock promoters worldwide. In the case of Smart-Tek Solutions (OTC:STTK), you will not believe what you read. With negative money in the bank, no research and development, and no mention of bird flu until this November, the company has alligned itself with a nefarious character who has gotten in troublein the past for LYING ABOUT SELLING PRODUCTS IN CHINA. This stock has halt written all over it. For the full report go to www.**********.com.
Cautious Investing To All
**********.com"
I wanna know where that source came from
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posted
repo is this a scam? starting a rumour to pick up stocks at a cheaper price? We all saw the video of the conference in China, does not look fake to me
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same old same old from you. I always find you bashing a stock. You must feel good today. Too bad you came in on the tail end of the drop. Bother someother board.
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posted
Well, I sold out at a 1.00. I'll follow this closely and get back in if it seems OK. At this point, just less profits and smaller daydreams.
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posted
All this about a fake repot and this and that i dont know ill let eveyone think what they want but this is where that report came from talking about sttk ill post the whole report and then give you the website i just want to make it clear i am not bashing by any means cause i did very very well with this stock but to keep you up to date with what other people are seeing ill post it.
April 4, 2006
********** Reports on Smart-Tek Solutions
********** Reports on Smart-Tek Solutions, Inc. (OTCBB:STTK)
The avian bird flu has created a new kind of epidemic that is widespread throughout North America. But it’s not a medical epidemic -- rather it is a financial epidemic. As ********** focuses on Smart-Tek Solutions (STTK), we believe that investors should not give their wallet the flu, but rather flip this company a bird.
Apparent outstanding shares: 73,253,016 shares
Stock price today: 1.74
Market cap at today’s price: $130 million
Stock price two weeks ago: 30c
Stock price six weeks ago: 16c
Cash in Bank- Overdraft of $136,136 (yes that means negative)
What the Company Really Does
Smart-Tek Solutions Inc. purports to be a provider of security services and systems in the Vancouver area. Its website shows many lovely photos of the glass-enclosed high-rises that grace the Vancouver skyline, where it claims to be “a major provider of goods and services in the security technology” sector.
Yet, its most recently filed quarterly report shows gross revenues of just $756,811. Its balance sheet tells the tale of a company with many problems. The company currently has only $800k in assets and $1.66 million in liabilities including a Bank Overdraft of $136,136. Needless to say they have a going concern from their auditor.
Now all of a sudden, one brilliant day last November, the company hatched the idea of going into the avian flu business. Not just the regular old ho-hum avian flu business, mind you, but the avian flu business in China !
Never before have we heard of this business from the company. Neither did they spend ONE DOLLAR on research and development. Now a company with a $136,000 bank overdraft is going to put an RFID tag on every chicken in China.
This should come as no surprise -- before the company was called Smart-Tek, it was called Royce Biomedical, Inc. (OTCBB:RYBO) who used spam to promote selling drug diagnostic kits in China (needless to say nothing came of that claim either.) http://www.aegis.com/news/Lt/1996/LT961003.html
This is where it gets interesting
On November 14, the company signs a deal with SES Investments of China to distribute this “mystery technology”. The deals calls for a revenue split between the two companies.
He seemed to have been the “point man” for that deal as his name was on the bottom of the press releases. MTC Electronics was sued by investors as well as the SEC. Guess what MTC got in trouble for???
A PUMP AND DUMP WHERE THE COMPANY LIED ABOUT DEALS WITH CHINA. THE FOLLOWING PARAGRAPH IS DIRECTLY FROM THE SEC.
Between 1990 and 1993, MTC claimed that it had developed a new telecommunications business in the People's Republic of China ("PRC") including agreements that made it the exclusive supplier of fax machines to the PRC, and joint venture projects to provide telecommunications services in various cities in the PRC. For each of its fiscal years 1991 through 1993, MTC falsely claimed that it had received millions of dollars in revenues from the fax machine sales, accounting for from 31 to 46 percent of its total revenues. In fact, MTC sold no fax machines in the PRC, and Miko deceived MTC's independent accountants by providing them with false documentation to support the fictitious sales. In 1991, at Miko's direction, MTC similarly began misrepresenting that it had concluded joint venture agreements that would make it the "exclusive" supplier of cellular telephone service to Shanghai and other major cities in the PRC.
NASD Warns the Public about “Bird Flu Containment Story”
The National Association of Securites Dealers knew that bird flu story would be an easy mark for stock promoters … so much so that they took the extraordinary step of issuing the attached warning:
Amazingly, in its warning, the NASD singles out, but doesn’t name, a certain company:
One example includes a fax stating a company "has the solution for tracking and containing the Bird Flu virus."
Smart-Tek has issued no less than 7 separate “bird flu containment” PR’s within the last two weeks, each and every one touting its “containment solution”. Nearly all of them have the identical language cut and pasted from one to the next, substituting locales like “China”, “Singapore”, “Vietnam” and “Hong Kong” to essentially the sane verbiage.
We could catalog how all the Vancouver-based directors involved in this scheme have been associated with other previous penny stock deals, or we could detail the numerous mammoth obstacles standing between this fantasy of a “business idea” and any actual business, but does it really matter? In this case, it is the opinion of ********** that the epidemic of stock promotion has nested itself in the drama of the bird flu virus story.
quote:Originally posted by johnny14511: The company has referred the matter to its attorneys and will vigorously seek legal action against **********.com.
If there info is fake i sure hope they do.... where did you here that from?
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posted
>CORTE MADERA, Calif., April 5, 2006 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTCBB:STTK) and its subsidiary, Smart-tek Communications, Inc. announced today that the Internet posting about the company on **********.com is baseless, untrue and inaccurate. The erroneous Internet posting is believed to be timed in connection with short position holders and market manipulators.
The company has referred the matter to its attorneys and will vigorously seek legal action against **********.com.
About Smart-tek Solutions Inc.
Smart-tek Solutions Inc. is a technology holding company in the security and surveillance sector and poultry monitoring with its RTAC-PM bird flu containment system, providing turnkey state of the art systems design and installation through its wholly owned subsidiary, Smart-tek Communications, Inc. Smart-tek Communications, Inc. is the Company's initial acquisition in this sector and is appropriately positioned to pursue additional acquisitions in order to restore and enhance shareholder value.
Smart-tek Communication ("SCI") is a market leader in providing surveillance technology solutions for the monitoring and containment of the H5N1 virus with the recent introduction of its RTAC-PM system. This scaleable system has been designed to help countries contain the deadly avian flu virus currently threatening the world.
Smart-tek Communications Inc. is a market leader in integrated security, voice and data communication systems. Located in Richmond, British Columbia, SCI specializes in the design, sale, installation and service of the latest in security technology with proven electronic hardware and software products. SCI has positioned itself as a security systems leader in the Greater Vancouver area, supplying over 45% of new downtown core construction projects. Valued customers include major developers, general and electrical contractors, hospitals, Crown Corporations, law enforcement agencies and retail facilities. Projects range from high-end residential and commercial developments to system upgrades and monitoring contracts. SCI's continued growth and success is a direct result of providing a consistently superior product at competitive pricing to both new and existing clients. SCI's stellar client retention is in itself a testimonial to the overall excellence of the product designed and installed.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the Company's business which are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Readers are directed to the Smart-tek Solutions reports as filed with the U.S. Securities and Exchange Commission from time to time, including but not limited to its most recent annual report on Form 10-KSB for the year ended June 30, 2005 and quarterly report on Form 10-QSB the quarter ended December 31, 2005 for further information and factors that may affect Smart-tek Solutions business and results of operations. Smart-tek Solutions Inc. undertakes no obligations to publicly update any forward-looking statements to reflect future events or circumstances.
CONTACT: Peter Nasca Associates, Inc. Peter Nasca (305) 937-1711
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posted
This is stock sabotage. Good thing i did not sell. I HOPE YOU SABOTAGERS MADE YOUR MONEY. There is one in this thread but i rather not say his name.
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quote:Originally posted by Rick James: This is stock sabotage. Good thing i did not sell. I HOPE YOU SABOTAGERS MADE YOUR MONEY. There is one in this thread but i rather not say his name.
most of us here know them, so if this happens again, they'll be reported.
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