LOCK<---------after reading the QNTM report ..we went back and ..decides that disclosing our position is a wise and ethical practice..., although ..NO OTHER BUY REC or HOLD rec on WAll STreet has ever done so..EVER IN HISTORY!!!!!!!!!! The public only gets to see the headline and BIG BOLD TYPE about Projections.... NOTE THE TIME!!!!!!
So we ..report that we are holding a psoition consistent with the Reccomendation and that we are market makers along with approximately 50 other Firms...
WE issue the following report...To clarify our position...
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BUS MARKET MAKER KEY WEST CLARIFIES IT'S CAPACITY
Feb 17 1998 10:18
Business Editors
DALLAS--(BUSINESS WIRE)--Feb. 17, 1998--Key West Securities,
Inc. is a Texas based-Nasdaq Market Maker that trades primarily for
itself and its Investing Partners.
"Key West specializes in identifying and uncovering equities
that it believes are overvalued, manipulated or even possibly
fraudulent along with other suspect activities in the market place.
Key West is currently investigating methods that we can share our
research with the general public in an attempt to aid current
shareholders prior to a precipitous drop or possibly even a trade
halt," according to Anthony Elgindy, chief analyst for Key West.
Key West's chief analyst, Elgindy has for the past three years
aided the US Department of Justice, IRS, FBI, US Postal
Inspectors, the SEC and the NASD in identifying and uncovering
abuses in the marketplace. He has testified for the SEC in Federal
Court and has aided Regulators and civil and criminal law enforcement
agencies. He has been featured in Forbes, BusinessWeek, The Denver
Post, KDIF Radio, Motley Fool Features, Investors Daily and was
interviewed by ABC's chief investigative correspondent, Brian Ross, for ABC's show 20/20, regarding his insights into the presence of
organized crime on Wall Street. His assistance and involvement has
led to felony convictions of at least five individuals thus far.
According to Elgindy, "Key West Securities, Inc., has issued
several press releases during the past year, however we would like
to clarify and disclose that in connection with the following
companies and our coverage, Key West is and was a Market Maker in
the following securities."
"In addition, Key West maintained positions that were consistent
with our recommendation. Key West may be short, long or flat any
security at any time and this position may and does change without
notice," he added.
Key West initiated SELL Recommendations on the following
companies:
-- SELL "JYRA" August 18, 1997 @ $32 5/8
-- SELL "IPMCF" October 8, 1997 @ $5 1/4
-- SELL "UFEM" October 22, 1997 @ $7 1/4
-- SELL "LOCK" October 9, 1997 @ $5 3/4
"Key West Securities, Inc. is the source of the above
information which it deems to be accurate and truthful. Key West
currently maintains the same position and has not terminated
coverage of any of the Securities named above," said Elgindy.
--30--JT/da*
CONTACT: Key West Securities
David Hardaway, 817/428-5020 |
