HEADS UP RED FLAG IN MY IGNORANT HUMBLE OPINION:
I am putting some stuff together in a synopsis that is NOT painting the rosy picture that appears on the surface. Having spoken with Lehmans in the UK (44-171-601-0011) and Mr. Andy Laslow in the Syndicate Department, who is closely situated with the brokerage house Banker - there is always communication provided that is NOT verbal - excessively EVASIVE is what hit me. (AVOIDANCE)
And I shall be putting the post for those in the UK to read as well so they can understand that shareholders here are entitled to ALL the FACTUAL information regardless of where their stock ticker sits on a trade board.
Like for instance, if I call Mr. Robert Manning in May and he tells me there are no preferred shares; only 4 million out right now and he has decided to "hold" the remaining 30 million shares until things get worked out regarding listing to the correct board - WHAT ABOUT THE SHARES THAT WERE PROVIDED TO THE "PREFERRED" investors. How many, how were they allowed to sell off a percentage during the recent run up? etc.
It appears we are playing "definition" games with some smart businessmen. I wrote in my first posts here that the listing WAS NOT ACCIDENTAL - that MANAGEMENT did NOT want to have to make any reports to any governing body, I have run across a RED FLAG reason why to be concerned.
ALL owners of Megacom received a 1 for 1 stock for XSNI but they are RESTRICTED and NOT INCLUDED in any number provided by Manning; they can begin to dump their shares anytime after the date of June 30, 1999. See, the megacom shareholders received their XSNI stocks with a RED RESTRICTION stamp on the back of theirs. That is where the notion of RESTRICTED shares came from, nothing from Manning on this, but this has been confirmed by and through mega com shareholders that I have found.
Point two - there were several little bits of bait on the thread regarding private offerings - well I took the bait and found out that people (TWO that I have been able to verify) were involved in some "private offering" that gave them shares of another form of RESTRICTED stock TWO YEARS AGO that enabled them to enjoy selling 25-30% of their holding during the XSNI run up; evidently they were restricted from selling it all. From what I was able to gather from the UK - this private offering is from TWO YEARS ago.
My question is:
Is that private offering stock certificate people are holding from two years ago included in the number of outstanding shares, and why is everyone in the UK so worried about information like this coming out?
Now, when I was talking with Lehmans in UK yesterday, what was said was fine, - SEC stuff - but what they did not say has me wondering due to what we already know:
1) I had to prove that I know that XSNI, sxtream and Manning are associated; that Andy Laslow pulled up the OTCBB ticker where it reads XSNI XSTREAM TECHNOLOGIES, Inc. - and nothing else - Andy Laslow wanted to know how I knew XSNI, XSTREAM and Manning were associated - crap - I called Robert Manning in May and HE SAID SO and told me YOU at LEHMANS are fixing up the IPO and movement to the correct trading board.
Fortunately - I have the post here preserved and printed AND my telephone bill will verify ALL calls, dates and times.
2) Now I am new to this BUT I know in the past when I wanted to get in on an IPO - I called the brokerage houses that were handling the presentation and was told if I could participate (most not because I had no account with them and what I do have is not considered worthy - ie so small & don't deal with little fish type account)
Regardless, the broker I would talk with would NOT try to dissuade me from participating nor would they GRILL me to prove I know any more about an offering - "LIKE how in the world did you call this office and know we are handling this company?" Aren't brokerage houses supposed to be delited there is an interest in an upcoming offering or a suspected offering? AVOIDANCE
That is not the kind of reception I received at Lehmans; Dixons and freeserve are touting all kinds of big gun relationships and one little mention of an association with Xstream/XSNI and Lehmans, and Lehmans locks the door. WHAT Am I missing something?
Now I know there are professional guidelines that are followed and Mr. Andy Laslo took 15 minutes of his time and the bankers time to teach me some generic stuff - and I spent much of the afternoon yesterday reading some SEC documents on stock manipulation and I am just not sitting right with what I have found out and I just want the board and the UK to be aware that they had better get some information out forthwith or there will be a problem if there is not one already.
I want to know 1) how many people are involved with the PRIVATE OFFERING wherein they were allowed to sell a portion of their shares during the last run up?
2) how many shares of the mega com 1 for 1 XSNI stock certificates are going to be flooded into the market after June 30, 1999 - those restricted shares of common stock
3) why is Lehmans in the UK - the same Lehmans Mr. Manning told me was working so diligently to get XSNI moved from OTCBB to NASD - why is that Lehmans so troubled by any association with Manning and XSNI.
AVOIDANCE
Point in fact - Lehmans didn't even want to be associated with knowing about the movement of XSNI from OTCBB to any other listing board - how about that? Can someone out there tell me - wouldn't a reasonable person expect some response like oh yes we have their account - NOT PROVE TO US THAT XSNI IS XSTREAM,MANNING ET AL.
People, I need help and need to know if you see the problem I am seeing?
Maybe I read too much on stock manipulation through SEC documents yesterday and felt this stuff could fit right in, I don't
want to be paranoid but I felt I should bring this to the board's attention.
Remember that there were huge blocks of shares purchased at the height by big pockets, there is an excellent product - you know I like it and use it - I like the frosting let's say - but do I like the cake?
I have to get off the computer line by noon central time today and won't get back to see any responses until this evening or late tonite when everyone here is in bed. I have to use the line to replicate.
I would appreciate any info and direction, Thanks, Jacalyn |
