Voices of Reason
11 년 전
Commission Suspends Jonathan C. Gilchrist
The Commission announced today that it has issued an Order Instituting Public Administrative Proceedings and Imposing Temporary Suspension Pursuant to Rule 102(e)(3)(i)(B) of the Commission's Rules of Practice that suspends Jonathan C. Gilchrist from appearing or practicing before the Commission as an attorney.
The Commission's Order is based on a final judgment against Gilchrist issued by the United States District Court for the Southern District of Texas in SEC v. Jonathan C. Gilchrist, Case No. 4:13-cv-163, which found that he violated Sections 5(a), 5(c), 17(a)(1) and 17(a)(3) of the Securities Act of 1933, as well as Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, while president and chairman of The Alternative Energy Technology Center, Inc. (“Alternative Energy”). Specifically, the Court found that Gilchrist authorized the unregistered offer and sale of six million Alternative Energy shares to himself and two entities he controlled, improperly maintaining that the offer and sale were exempt from registration under Rule 504 of Regulation D of the Securities Act of 1933. Further, the Court found that Gilchrist effected match trades in Alternative Energy securities through brokerage accounts he controlled, thereby driving the per share price from $1.00 per share immediately after a reverse stock split on January 18, 2008 to $2.41 per share, at which point Gilchrist arranged for promoters to tout Alternative Energy to further drive up the price to $3.75 per share before the Commission suspended trading in the stock. Into this inflated market, Gilchrist made unregistered sales of 229,661 shares, which the Court found generated illicit proceeds of $692,146. In addition, as alleged in the complaint, to induce the transfer agent to issue shares of Alternative Energy without restriction, Gilchrist emailed that agent with his own interpretation of Regulation D of the Securities Act.
Gilchrist has 30 days to petition the Commission to lift the temporary suspension. If he does not make a timely petition, the suspension will automatically become permanent pursuant to Rule 102(e)(3)(ii). (Rel. 34-70867)
http://www.sec.gov/litigation/admin/2013/34-70867.pdf
Stock
16 년 전
Robert T. Kelly. Do you think this is the same guy?
Genco Software Technology, Inc., a Wholly Owned Subsidiary Of RealTimeCars.com, Inc. Has Appointed B.J. Grisaffi As Chief Technology Officer of RealTimeCars, Inc.
LYNBROOK, N.Y., July 17 RealTimeCars, Inc. (OTC Bulletin Board: RTCI) is pleased to announce that on
July 12, 2001, B.J. Grisaffi was appointed Chief Technology Officer (CTO) of
RealTimeCars, Inc. On or about March 1, 2001, Mr. Grisaffi became President
of Genco Software Technology, Inc., a wholly owned subsidiary of
RealTimeCars.com, Inc. A career dealership executive and software developer,
Mr. Grisaffi brings over 30 years of dealership management experience and over
10 years of software development experience and is the sole architect of
Genco's Save-a-Deal(TM) Product.
"We are thrilled to have B.J. oversee the expansion of Genco's
Save-a-Deal(TM) Dealership Management System into the first end-to-end
real-time-capable system in the market," said Robert T. Kelly, C.E.O. and
President of RealTimeCars, Inc. "B.J.'s thorough knowledge of the management
needs of dealerships and his practical software design approach have allowed
the Save-a-Deal(TM) product to consistently generate significant profitability
enhancement results. RTCI's primary goal is to continually deliver new
dealership management solutions that embody the strong value proposition of
the Save-a-Deal(TM) product and we are excited to have B.J. oversee our
product roll out efforts."
Mr. Grisaffi first conceptualized and commenced development of what is now
Save-a-Deal(TM) in 1988, while serving as Finance Manager for Cal Worthington
Chevrolet in Houston, Texas. The original program was written in Lotus (DOS)
and was geared to track important finance information. In 1990, Mr. Grisaffi
joined Westside Chevrolet in Houston as its General Manager and continued to
work on the Lotus Version of the product. From mid 1991 to mid 1992, Grisaffi
worked with several dealerships in the Houston market as a self-employed
consultant and software systems developer.
From 1992 to 1994, Mr. Grisaffi re-wrote the software in MS Excel while
working as Finance Manager and General Manager for McDavid Honda and
subsequently, Finance Manager for Archer Motors. In early 1995, Mr. Grisaffi
rejoined McDavid as Manager of Special Finance. There, he installed his
Excel-based software and re-created the Lotus Version of the application
preferred by the General Manager. As a result of the implementation of the
software, the McDavid's Group of Dealers, encompassing at that time,
18 dealerships in Houston and Dallas, realized, on average, a 40% to
70% increase in dealer finance profit.
In mid 1998, Mr. Grisaffi re-wrote the software in MS Access. The program
has continually been enhanced since then and is more powerful than ever. The
software contains so much functionality that dealer personnel are required by
RTCI to be trained on its features, how to read and interpret its 48 reports
and implement profit enhancing practices. "Once a dealership is living in the
environment enabled by the Save-a-Deal(TM) Software, convincing them to live
without it is next to impossible," stated Mr. Grisaffi.
Mr. Grisaffi, before joining RealTimeCars, Inc. was Director of Finance
and Sales at McDavid Auto Group and had responsibility for overseeing the
daily finance and sales activities of the McDavid Group of dealers, having
more than 100 Managers reporting directly to him.
About RealTimeCars, Inc.
RealTimeCars, Inc. (RTCI), a company that intends to transform the way
automotive dealers do business, provides hardware and software solutions that
automate a wide range of processes throughout the dealership, enhance
inventory tracking and security and deliver valuable business management
information. RTCI intends to become the first company to offer a
comprehensive and fully integrated suite of "Real-Time" dealership management
...
Symbol Name Expiration Date
SWKJ SiteWorks Building & Development Company
SWKJE SiteWorks Building & Development Co (Common) 06/08/2006
SWKJ SiteWorks Building & Development Co (common) 04/24/2006
SRKS SiteWorks Inc New (1-200 R/S) 08/12/2004
STWK SiteWorks Inc (1-200 R/S) 04/17/2003
RTCI RealTime Cars Inc (See Note 1) 10/25/2002
STWK SiteWorks Ltd 02/25/2002
RTCI RealTimeCars Inc 02/22/2002
RTCI RealTimeCars, Inc 02/20/2002
zekel
16 년 전
Alternative Energy Technology, Inc. Submits Information Disclosure Document (Form 15c-211) and Discloses Letters of Intent to Purchase Several Technology Companies
Wednesday August 13, 1:47 pm ET
HOUSTON--(BUSINESS WIRE)--Alternative Energy Technology, Inc. (PINK SHEETS:ATNE - News) is pleased to announce the submission of Information Disclosure Document (Form 15c2-11) dated August 12, 2008 to market makers. Approval of Form 15c-211 allows ATNE.PK to be listed on “Pink Sheets Current Information”, as opposed to the Grey market, making the Company’s stock more attractive to potential investors. In addition, ATNE has executed letters of intent to acquire all the issued and outstanding shares of Cascade Gas Separation Systems, Inc., Pacesetter Chemicals and Intermediates, Inc. and Frederic-Ernest Agricultural Group, Inc. as a “fast track” in escalating the company’s commitment to its original business model.
The Alternative Fuels business model of ATNE is structured around the development and deployment of completely Fleet Mobile Vertically Integrated Biorefining Units to meet the transportation fuels needs of the country on a regional basis placing the process equipment in close proximity to cellulosic biomass resources. The integrated proprietary technologies in these units allow ATNE through its anticipated subsidiaries to emulate the process and product streams on a basis similar to that of traditional petroleum refining and/or chemical units. The Company has renewed its commitment to its accelerated business model based on the following:
First, is the renegotiation, execution and ratification of the Meridian Biorefining Technology License for cellulosic biomass processing, which includes simultaneous reduction of biomass within the micro and nano scale particle range with simultaneous separation of lignin through a Catalyzed Esterification process and further processing of the lignin into high value products including gasoline and gasoline additives.
Second, in its commitment to sustainable vertically integrated biorefining technology delivering multiple product streams on an expanded basis. ATNE has executed Letters of Intent to acquire all issued and outstanding shares of Pacesetter Chemicals and Intermediates, Inc., Cascade Gas Separation Systems, Inc. and Frederic-Ernest Agricultural Group, Inc. A brief description of each of these business enterprises and their technologies is as follows:
Pacesetter Chemicals and Intermediates, Inc. (PCII) – holds the exclusive license to proprietary process intensification technologies developed using Cascaded Selective Molecular Rejection Gas Separation Systems. This technology provides a platform for the catalytic conversion of nano and micro scale range cellulosic biomass particles into various chemical and intermediate compounds, which are then selectively separated in cascaded reactors on a continuous flow basis. This system has the capability to convert cellulosic biomass into a wide range of high value compounds.
Cascade Gas Separation Systems, Inc. (CGSI) – holds the exclusive license to proprietary process intensification technologies, which allow the separation of various gasses and other high value compounds through a series of Molecular Rejection Gas Separation Centrifuge Reactors. This system is specifically well suited to the separation and removal of contaminant gasses from production hydrocarbon gas streams in the oil and gas industry as well as for the processing of gas produced from landfill projects.
Frederic-Ernest Agricultural Group, Inc. (FAGI) – holds the exclusive license to proprietary process intensification technologies and equipment design development, which provide for the capability for the processing of cellulosic biomass in the field. FAGI is the experimental process intensification platform for the further development of fully field mobile equipment that takes the processing of cellulosic biomass to the agriculture community. The company is also adapting a system for “technology matching” allowing specific cellulosic process technologies to be designed for use with varying requirements of a range of dedicated cellulosic biomass feedstock resources for higher yields and reduced logistics costs.
While a definitive agreement has not yet been established between ATNE, CGSI, PCI and FAGI, it is presently intended that ATNE will acquire all of the issued and outstanding shares of CGSI, PCI and FAGI, whereupon CGSI, PCI and FAGI will become wholly owned subsidiaries of ATNE.
All of the actions described in this press release were taken by ATNE's management and the Control stockholder in order to bring greater value to the company and all of its bona fide stockholders. Management and the Control Shareholder wishes to thank all bona fide shareholders for their support in the past and their continued support now and into the future.
About Alternative Energy Technology, Inc.
The Alternative Energy Technology, Inc. (PINKSHEETS: ATNE - News), based in The Woodlands, Texas, is a technology company focused on biofuels and alternative energy technologies. It is developing the first true vertically integrated cellulosic platform biorefinery in the United States. It will focus on renewable dedicated feedstocks from non-food energy sources, coupled with technologies scaled to efficiently address transportation fuels and energy needs of the United States. The Company’s integrated technologies platform provide the ability to convert cheap, abundant cellulosic plant material into a variety of transportation fuels and chemical products allowing ATNE to efficiently address a part of America’s energy needs. America’s energy future must be built on non-food related renewable fuels, produced at lower costs. ATNE’s vertically integrated biorefining technology delivers the answer to this pressing need.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact:
Alternative Energy Technology, Inc.
Robert T. Kelly, Consultant, 214-500-7834
rtkelly.ATNE@gmail.com
Stock
16 년 전
As far as the company doing whatever they want to do with the same class of shareholders, I guess I should say that nothing would surprise me when it comes to market regulation any more.
Rule 10b-17 -- Untimely Announcements of Record Dates
--------------------------------------------------------------------------------
It shall constitute a "manipulative or deceptive device or contrivance" as used in Section 10(b) of the Act for any issuer of a class of securities publicly traded by the use of any means or instrumentality of interstate commerce or of the mails or of any facility of any national securities exchange to fail to give notice in accordance with paragraph (b) hereof of the following actions relating to such class of securities:
A dividend or other distribution in cash or in kind, except an ordinary interest payment on a debt security, but including a dividend or distribution of any security of the same or another issuer;
A stock split or reverse split; or
A rights or other subscription offering.
Notice shall be deemed to have been given in accordance with this section only if:
Given to the National Association of Securities Dealers, Inc., no later than 10 days prior to the record date involved or, in case of a rights subscription or other offering if such 10 days advance notice is not practical, on or before the record date and in no event later than the effective date of the registration statement to which the offering relates, and such notice includes:
Title of the security to which the declaration relates;
Date of declaration;
Date of record for determining holders entitled to receive the dividend or other distribution or to participate in the stock or reverse split;
Date of payment or distribution or, in the case of a stock or reverse split or rights or other subscription offering, the date of delivery;
For a dividend or other distribution including a stock or reverse split or rights or other subscription offering:
In cash, the amount of cash to be paid or distributed per share, except if exact per share cash distributions cannot be given because of existing conversion rights which may be exercised during the notice period and which may affect the per share cash distribution, then a reasonable approximation of the per share distribution may be provided so long as the actual per share distribution is subsequently provided on the record date,
In the same security, the amount of the security outstanding immediately prior to and immediately following the dividend or distribution and the rate of the dividend or distribution,
In any other security of the same issuer, the amount to be paid or distributed and the rate of the dividend or distribution,
In any security of another issuer, the name of the issuer and title of that security, the amount to be paid or distributed, and the rate of the dividend or distribution and if that security is a right or a warrant, the subscription price,
In any other property (including securities not covered under paragraphs (b)(1)(v)(b) through (d) of this section) the identity of the property and its value and basis for assigning that value;
Method of settlement of fractional interests;
Details of any condition which must be satisfied or Government approval which must be secured to enable payment of distribution; and in
The case of stock or reverse split in addition to the aforementioned information;
The name and address of the transfer or exchange agent; or
The Commission, upon written request or upon its own motion, exempts the issuer from compliance with paragraph (b)(1) of this section either unconditionally or on specified terms or conditions, as not constituting a manipulative or deceptive device or contrivance comprehended within the purpose of this section; or
Given in accordance with procedures of the national securities exchange or exchanges upon which a security of such issuer is registered pursuant to Section 12 of the Act which contain requirements substantially comparable to those set forth in paragraph (b)(1) of this section.
The provisions of this rule shall not apply, however, to redeemable securities issued by open-end investment companies and unit investment trusts registered with the Commission under the Investment Company Act of 1940.
--------------------------------------------------------------------------------
Regulatory History
36 FR 11514, June 15, 1971, as amended at 37 FR 4330, Mar. 2, 1972
Return to top
http://www.law.uc.edu/CCL/34ActRls/rule10b-17.html
zekel
16 년 전
ATNE currently quoted on the Grey Markets. No surprise as they emerge from the mess created by the old management.
Here is the definition of Grey Market as shown on Pinksheets.com:
There are no market makers in this security. It is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
(as of this weekend):
Trade Data / Last Trade 08/01/2008 Last Sale 7.00 Change +0.00
% Change +0.00 Tick Down
Daily High 0.00 Daily Low 0.00
Opening Price 0.00 Volume 0
52 wk. High 3.76 52 wk. Low 0.10
Prev Close 7.00 Dividend 0.00
Yield 0.00 Beta Coefficient 0.78
As the company begins to make periodic filings, I would anticipate that they would migrate off of the grey market onto the more traditional quoted systems. It will be a long haul for the legitimate shareholders, but unfortunately, what is required to emerge from the train wreck created by the alleged illegal activities of Carmichael, Gilchrist, Cloud, Mordekhay, and others in the old management.
Stock
16 년 전
OTCBB and Other-OTC System Changes - 08/01/2008
OTCBB Daily List
Other-OTC / Portal / PPS Daily List
OTCBB, Other-OTC and Portal Daily List
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date OATSReportableFlag Unit of Trade Comments
15:36 ACTFF Asian Citrus Holdings Ltd Ordinary Shares (Bermuda) 8/4/2008 Y 100
Portal System Changes 08/01/2008
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date OATS
Reportable
Flag Unit of
Trade Comments
13:42 AMGDL Affiliated Managers Group, Inc. 144A 8/4/2008 N 100
15:36 BPAFF Banco Panamericano SA Preferred Shares 8/4/2008 Y 100
15:36 CMRUF CMR Fuel Cells PLC, Cambridge Ordinary Shares (United Kingdom) 8/4/2008 Y 100
15:36 EUSCF Eurosic STK Ordinary Shares (France) 8/4/2008 Y 100
13:42 HLNQ Hilton Hotels Corporation 8% Quarterly Int BDS QUIBS 8/4/2008 Y 100 **
13:42 INVX Innovex, Inc. Common Stock 8/4/2008 Y 100 From S (INVX) **
16:13 NISGY Nis Group Co Ltd ADR 8/4/2008 Y 100 From NYSE (NIS)
13:42 PRVU PreVu, Incorporated Common Stock 8/4/2008 Y 100 From G (PRVU) **
16:13 PWGA PowerGae, Inc. Common Stock 8/4/2008 Y 100 From NBB (PWGA)
16:13 SDIJF Speymill Deutsche Immobilien Company PLC, Douglas Ordinary Shares (Isle of Man) 8/4/2008 Y 100
16:13 SPXA SpectrumDNA, Inc. Common Stock 8/4/2008 Y 100 From NBB (SPXA) **
SECURITY DELETIONS
Updated Symbol Company Name Effective Date Unit of
Trade Comments
13:42 ATWRW American Tower Escrow Corporation 144A Warrant to Purchase Class A Common American Tower Corp. 8/1/2008 8/4/2008 100 Expired Security **
13:42 CRPT Nations Flooring Inc Common Stock 8/4/2008 100 12(j) Registration Revoked by SEC **
13:42 NCGH NetCare Health Group, Inc. Common Stock 8/4/2008 100 12(j) Registration Revoked by SEC **
13:42 NRMI National Record Mart, Inc. Common Stock 8/4/2008 100 12(j) Registration Revoked by SEC **
13:42 NSIE National Sorbents, Inc. Common Stock 8/4/2008 100 12(j) Registration Revoked by SEC **
13:42 NTGN NetGain Development, Inc. Common Stock 8/4/2008 100 12(j) Registration Revoked by SEC **
16:51 PHIS Physicians Ins Svcs Ltd Common Stock 8/4/2008 100 Inactive security
16:13 PWGA PowerGae, Inc. Common Stock 8/4/2008 100 Added to OTCBB (PWGA)
15:49 QBIK Cubic Energy Inc Common Stock 8/4/2008 100 Listed on AMEX (QBC)
13:42 RPSD Rhapsody Acquisition Corp. Common Stock 8/4/2008 100 Listed on NGM (PRIM) **
13:42 RPSDU Rhapsody Acquisition Corp. Units 8/4/2008 100 Listed on NGM (PRIMU) **
13:42 RPSDW Rhapsody Acquisition Corp. Warrants 10/2/2010 8/4/2008 100 Listed on NGM (PRIMW) **
13:42 SORB Sorbent Technologies Corp Common Stock 8/4/2008 100 Acquired by Albemarle Mergersub Inc ($6.4326/sh) **
16:13 SPXA SpectrumDNA, Inc. Common Stock 8/4/2008 100 Added to OTCBB (SPXA) **
SYMBOL CHANGES
Updated Date Old Symbol New Symbol Name Comment
13:42 8/4/2008 APVL APVLF Apiva Ventures, Ltd. Ordinary Shares (Canada) **
15:36 8/4/2008 HKFIQ HKFI Hancock Fabrics, Inc. Common Stock Plan of Bankruptcy effective 8/1/2008 **
13:42 8/4/2008 SNBP SNBPD Sinobiopharma, Inc. Common Stock 50-1 F/S; Payable upon Surrender of Certificates **
NAME/SYMBOL CHANGES
Updated Date Old Symbol Old Name New Symbol New Name Comment
14:05 8/4/2008 AETE The Alternative Energy Technology Center Inc Common Stock ATNE Alternative Energy Technology Inc Common Stock 1-50 R/S **
13:42 8/4/2008 ANLT Analytical Surveys, Inc. Common Stock AXIH Axion International Holdings, Inc. Common Stock 1-4 R/S **
13:42 8/4/2008 CCMOV CC Media Holdings, Inc. Class A Common Stock When Issued CCMO CC Media Holdings, Inc. Class A Common Stock S/D: 8/7/2008
13:42 8/4/2008 CMNN Communicate.com Inc. Common Stock LIVC Live Current Media Inc. Common Stock **
13:42 8/4/2008 FGWI 5G Wireless Communications, Inc. Common Stock FGWC 5G Wireless Communications, Inc. Common Stock New 1-2000 R/S **
13:42 8/4/2008 MZYH Mezey Howarth Racing Stables Inc Common Stock FTER Forterus, Inc. Common Stock 1-50 R/S **
13:42 8/4/2008 RVIT Revive-it Corp. Common Stock KLEC KL Energy Corporation Common Stock **
13:42 8/4/2008 ZAXS Zaxis International, Inc. Common Stock ZXSI Zaxis International, Inc. New Common Stock 1-100 R/S **
Private Placement Security Changes 08/01/2008
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=08/01/2008
tippingpnt
16 년 전
Generic,
As if you did not understand the requirements of “legalese” there are certain words and phrases that are required under any circumstances. And, what seems to be obvious in how some of your phrases are structured is that instead of not only obviating yourself to the full context of what is contained in the TNE press release you want to cut out some small nebulous area and stir things with innuendo.
The purpose of the whole exercise in dealing with the crooks and thieves in the manner consistent with their activities that had targeted MXPR/AETE from the beginning as a conduit for the continuing conduct of a much larger set of illegal activities is simple and straight forward – a) the integrity of the company was to be preserved, b) the ability to conduct the business within the established business model was to be reestablished, and c) the investment of the legitimate stockholders and their stock positions had to be protected. I would believe that this is a very important set of points that have been uppermost in everything that has been conducted by the new management staff and consultants to the company.
In you question about the “selectivity” of stock that will be recognized, you might want to consider that 8 months, countless man hours and several hundred thousand dollars have been expended in the investigation that began in January. We do know who is who as to the bona fide stockholders of the company including those who were unfortunately placed in a position of having purchased shares through their personal brokerage accounts where the order was filled from an account at Charles Schwab where 2.4 million shares of the counterfeit stock had been housed specifically to move it into the market as part of the intended stock fraud scheme.
As a matter of making sure that the record is straight, we know that there are shares still out there that were secured through illegal means. The decision was made that those bona fide stockholders, including those who had the misfortune of purchasing counterfeit shares through the Schwab account mentioned above will be made whole in their positions. The fact is that over 800,000 shares of counterfeit stock was moved into the market illegally at the expense of legitimate investors who purchased the stock with their hard earned money – this begs he question why should the fraudsters be able to line their pockets while those who purchased the stock have their investment either severely diluted or completely erased? The option available to the Control Stockholder of the company and the new management was to affect a strategy which was discussed with the SEC, the corporate attorney and several enforcement agencies and put into effect for the benefit of those who would have otherwise suffered some severe economic consequences..
The company has in fact had discussions with individuals who purchased stock which is traceable back to this block that was parked in a known and identified Charles Schwab account and when the purchase was effected the transaction was during a time frame when identified pump and dump tactics were being conducted by the former officers and directors of MXPR/AETE. All of this was done under an well known and identifiable set of methods and procedures using established conduits for the manipulation of the stock through the use of email spam mechanisms established outside of the knowledge or consent of the new management and staff of ATNE.
And to answer the question from your private posting you can rest assured that if it was not clear from the press release – Yes there has been and continues to be a close contact with not only the SEC but several other regulatory and enforcement agencies whereby the spirit and letter of SEC Section 17, Fraudulent Interstate Transactions have been adhered to in the gathering, compiling and delivery of several thousand pages of documents and informational analysis related to how the structure of the targeting of MXPR/AETE was initiated by those former officers and directors and their associates operating for their own accounts without regard for the interests of the investors who they would defraud through their activities. It was found in the investigation that all of this group and the much larger community of their associates had been involved on an ongoing basis in this kind of activity directly associated with the predecessor company to ATNE, MXPR/AETE since from as far back as late 2005. It was also found that a number of parallel stock scam operations had been conducted and that there are several being conducted on an ongoing basis. And, Just so you understand that we do indeed know what would be required under 17(b) since you suggested we might not know or understand the implications of this Section 17 is copied below.
You will find that the Pink Sheets “Disclosure Statement” has been completely rewritten and updated and that the “Caveat Emptor” designation has been removed because of that action on the part of the new management of ATNE and its consultants. Also, a revised and accurate 15c211 filing will be completed within the next 48 hours and it will also be posted to the Pink Sheets as well.
Since as you say, you have never and still do not hold any ATNE stock then I would suppose that your interests in this are primarily academic and I would hope that this short dissertation satisfies you inclination toward having your inquisitive nature satisfied for the moment.
Section 17 -- Fraudulent Interstate Transactions
a. Use of interstate commerce for purpose of fraud or deceit
It shall be unlawful for any person in the offer or sale of any securities or any security-based swap agreement (as defined in section 206B of the Gramm-Leach-Bliley Act [15 USCS § 78c note]) by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly--
1. to employ any device, scheme, or artifice to defraud, or
2. to obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
3. to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.
b. Use of interstate commerce for purpose of offering for sale
It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
c. Exemptions of section 3 not applicable to this section
The exemptions provided in section 3 shall not apply to the provisions of this section.
d. Limitation
The authority of the Commission under this section with respect to security-based swap agreements (as defined in section 206B of the Gramm-Leach-Bliley Act [15 USCS § 78c note]) shall be subject to the restrictions and limitations of section 2A(b).
Hot Features
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Renee
11 년 전
