Fidelity Holdings Group (FDHG)
FDHG names former president of AT&T Communications(UK) and Managing Partner of AT&T Solutions as Chairman/CEO of its CBS/iG2 subsidiaries. Also, strong patents awarded on anti-hacking security software last week.
Click below to read about the announcement.
Fidelity Holdings Announcement
STRONG BUY
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Mark Bergman 100,000(9) * 100,000 0 0
S-3/A for FIDELITY HOLDINGS INC filed on 5/4/00
9) Represents shares underlying options received as part of financialconsultant services performed for the Company.
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32. Having announced on February 7, 2000 that it would be continuing a historically money-losing technology operation, defendants issued a false statement via a commissioned "analyst's report" that the Company estimated net earnings of approximately $500,000 for 1999. By the time this commissioned report was issued, the defendants knew that 1999's results would show a multi-million loss, the first significant loss in the Company's history. Defendants also knew that the report's estimate of $28 million in year 2000 revenue from the Technology Division (which had slightly over $1 million in revenue in 1999) lacked any basis and, therefore, were materially false and misleading. Although Fidelity disclaimed that it endorsed this report, in truth and in fact, Fidelity commissioned the report, provided all of the information that it contained within the report, paid tens of thousands of dollars to the author of the report, gave the author stock options worth on paper over $1 million at the height of the fraud, co-authored the report, and approved it prior to making payment. Upon its issuance, Fidelity issued a press release quoting the report at length; disseminated the release to thousands of recipients, and placed a full copy of the report in a prominent place on the Company's own web site. The report had the desired effect, as in the weeks that followed buyers flocked into the stock, driving the price up substantially. This activity helped defendants Bendell and Feinstein sell shares, and reap large illicit profits.
216.239.51.100
Access 1 Financial Initiates Coverage Of WTAA International, Inc. With A Strong Buy Recommendation And A 6-Month Price Target Of $5.00/ Share
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Mar 15, 2000, (INTERNET WIRE via COMTEX) -- It was announced today that coverage of WTAA International, Inc. (OTC BB:WTAA) was initiated by California based Access 1 Financial with a strong buy recommendation and a 6-month price target of $5 per share. Access 1 Financial is an investor relations and investment research firm specializing in emerging small capitalization companies in the technology sector. Recent reports by Access 1 include Xybernaut Corporation (XYBR), Fidelity Holding Group (FDHG), Environmental Systems Worldwide (ESWW), SmartServ Online (SSOL), and Global Capital Partners (GCAP). |
