The Tradamax wong_funds A/K/A Pattison Hayton Ragingbull Securities Recidivist Series.
"Mr. Hayton also worked the Tradamax crowd through Raging Bull postings, using the screen name "wong_funds," in which he pretended to be a Hong Kong institutional investor called "Thomas." In reality, any Hong Kong "investors" were offshore entities controlled by Mr. Hayton".
Tradamax (Asia) Group (BB: TDMX)
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By: wong_funds
13 Apr 2001, 04:24 PM EDT Msg. 1708 of 3391
(This msg. is a reply to 1690 by McCauley.)
I was told Veritas short term contract as IR, was terminated by TDMX along with Harris 4 months ago...according to my sources.
(Voluntary Disclosure: Position- Long)
By: wong_funds
22 Apr 2001, 11:22 PM EDT Msg. 1818 of 3391
(This msg. is a reply to 1816 by donpru.)
Sorry I mean HK$ eom:)
By: wong_funds
13 Apr 2001, 04:20 PM EDT Msg. 1707 of 3391
(This msg. is a reply to 1703 by MemphisGuy.)
DEATH OF THE SHORTS
I heard on grapevine that the boys who are short will be in serious dillema this coming week,like to see them covering their sins at $1.00 and up,
The way to kill the shorts and stop the nonsense,-have your broker "order up physical cert's"
IMHO
(Voluntary Disclosure: Position- Long; LT Rating- Strong Buy)
By: wong_funds
11 Apr 2001, 07:08 PM EDT Msg. 1673 of 3391
I think the Short players here are done,yes...
(Voluntary Disclosure: Position- Long; LT Rating- Strong Buy)
By: wong_funds
15 Mar 2001, 08:24 PM EST Msg. 1239 of 3391
(This msg. is a reply to 1238 by markstoxs.)
On Board Yes.
Our trading day is just starting here,so can not email you until our weekend,in Hong Kong.
We have invested a lot in these platforms/technology, and can understand as traders the vast potential of the tradamax system.We trade many of these products,in Asia.
Thanks
Thomas
By: wong_funds
15 Mar 2001, 05:57 PM EST Msg. 1237 of 3391
(This msg. is a reply to 1222 by BOBWISH.)
mr.wizard
I am amazed at reading your references to Mr.Hayton,who has advised my family funds and trusts for 14 years.
His investment knowledge has been to us a clear profit picture.In Hong Kong our family invests in public and private business,and with this gentlemans help we made
150% on our portfolio during last year bad stock markets.
Nobody care much about talking of winning business decisions,we are glad that we invest with this gentleman
and have clear profit on both long and short positions in American shares market.
Thomas Wong.
By: wong_funds
17 Apr 2001, 06:12 PM EDT Msg. 1734 of 3391
(This msg. is a reply to 1733 by donpru.)
donpru:
You are correct. we must be patient as said before our family of companies have backed this technology much longer than the current public holders.We are happy with the progress and compared to other web-related technology we feel this is a strong model.
We are glad you visited, with the team.
Message for shorts,as the sun comes up in HK now,
An old Chinese saying, "If you step on something(or somebody)make sure it's a small creature---
Never step on tail of Tiger!
Good luck to all longs
(Voluntary Disclosure: Position- Long)
By: wong_funds
18 Apr 2001, 09:58 AM EDT Msg. 1746 of 3391
(This msg. is a reply to 1737 by donpru.)
DONpru
Hong Kong is my home.
By: wong_funds
18 Apr 2001, 11:29 AM EDT Msg. 1749 of 3391
(This msg. is a reply to 1748 by wizard_twist.)
You are wong:)
any way mr wizard it is early hours of morning here
goodbye and goodluck
By: wong_funds
18 Apr 2001, 11:31 AM EDT Msg. 1750 of 3391
(This msg. is a reply to 1748 by wizard_twist.)
Wizardman
Write the CEO a letter and identify yourself(???) and I am sure
he will be happy to meet you and answer these questions
Please do
By: wong_funds
22 Apr 2001, 08:57 PM EDT Msg. 1791 of 3391
(This msg. is a reply to 1790 by BOBWISH.)
Good Morning Bob
From Hong Kong,it seems there is quite a lot of interest here,as the company's first strategic acquisition is in the
bag.
Good Luck
Thomas
By: wong_funds
22 Apr 2001, 11:17 PM EDT Msg. 1815 of 3391
(This msg. is a reply to 1805 by BOBWISH.)
Did you mean $20.00?? Bob:)
By: wong_funds
22 Apr 2001, 11:20 PM EDT Msg. 1817 of 3391
(This msg. is a reply to 1799 by donpru.)
so don ho! did you register the URL www.kingkong.com
or is it king@tradamax.com
very funny
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By: wong_funds
15 Apr 2001, 11:13 PM EDT Msg. 2006 of 2364
(This msg. is a reply to 2003 by valuestocker.)
A BILLION BETWEEN FRIENDS.......24/7 FUNNY.COM
IT IS SO FUNNY TO LOOK AT 24/7 AND CHINA.COM THE BIG HYPE,
NOW IN HK THE ONLY PEOPLE WHO ARE VIEWED AS MAKING MONEY ON 24/7 ARE THE MANAGEMENT,WHO SOLD THE SHARES AND WENT ON
...LOOK AT INSIDER TRADES
DAVID MOORE,MR COHEN AND THE LOT SOLD OUT AT MORE CASH THAN THIS COMPANY HAS EVER MADE,AND EVER WILL AND SOON MR.MOORE OR IS IT MORE!!!!!!!! WILL ANNOUNCE THAT HE HAS STEPPED DOWN AND IS PURSUING PERSONAL INTERESTS...
ROTFLMAO
A NEW PARTNERSHIP..YIP N MOORE:)
HAS'NT THIS CO' MARKET CAP DROPPED A BILLION!!!!!!!!!!
(Voluntary Disclosure: Position- Short; ST Rating- Strong Sell; LT Rating- Strong Sell)
SEC wins $149,000 (U.S.) on Hayton of Howe Street deal
2002-08-14 08:42 PT - Street Wireby Brent Mudry
In the latest U.S. prosecution of a fraudulent penny stock promotion featuring dealings through Howe Street, the United States Securities and Exchange Commission has won a $149,400 disgorgement order against Tradamax Corp., a company previously based in West Vancouver. (All figures are in U.S. dollars.) The SEC's case continues against expatriate Australian financial rogue Pattinson Hayton, a player in a major international boiler room network linked to the recent General Commerce Bank affair, an Austrian scandal featuring fugitive Thai financier Rakesh Saxena, Saudi arms merchant Adnan Khashoggi and a star-studded cast of other colourful financiers.
In recent consent settlements, Tradamax, which had an office in Newport Beach, Calif., and Conrad Diaz, its principal executive and financial officer, agreed to do their best to refrain from future securities violations. Tradamax was also ordered to pay disgorgement of $149,400 plus interest. The settlement judgments were entered Friday by United States District Judge Gary Taylor of the Central District of California in Los Angeles. The SEC's Hayton prosecution team includes staff attorneys Tom Zaccaro of Los Angeles and Tom Carter, Michael MacPhail, Polly Atkinson and Jeffrey Thomas, all of the Denver office.
Tradamax players are believed to have had significant dealings on Howe Street, the centre of dealings for the former Vancouver Stock Exchange, dubbed Scam Capital of the World by Forbes magazine a decade ago, and in Ontario. The SEC credits staff of the Ontario and British Columbia Securities Commission for providing investigatory assistance in the Tradamax case.
Mr. Hayton, 51, allegedly made illicit Tradamax profits of at least $114,400 through offshore accounts in at least one, as yet unidentified, Toronto brokerage. A reasonable due diligence effort by compliance staff would have shown that Mr. Hayton is just the kind of client that many brokerages try to avoid, and some firms covet. A simple media search would have yielded an unflattering 1994 Hayton profile by Wall Street Journal investigative reporter John Emswhiller. Securities regulators describe Mr. Hayton as the sort of chap who has no discernible permanent residence and who prefers to pay for purchases using large amounts of cash.
"Hayton has an extensive history of securities violations and encounters with domestic and foreign regulatory authorities," states the SEC in court filings. Mr. Hayton's regulatory record dates back to at least 1987, when Palmer Financial Corp., a company he controlled, bought a controlling stake in a British investment firm, London & Norwich, which was later ordered into receivership by British officials on the grounds that Mr. Hayton and his business partner failed to safeguard investors' funds.
The next year, the SEC won an injunction against Mr. Hayton, stemming from alleged violations of reporting rules relating to Palmer. He was later found in contempt of court and fined $60,000 for failing to follow a U.S. District Court order to file complete and accurate Form 4 filings detailing his beneficial ownership of Palmer.
In 1992, Mr. Hayton ran afoul of banking regulators in California, when Rally Ventures Ltd., a public investment company he controlled, tried to buy a Bank of Beverly Hills unit with $500-million in retirement funds under management. The California Superintendent of Banks issued an order denying permission for the deal, noting that Rally's assets were unsubstantiated and Mr. Hayton's "integrity ... is subject to question." The regulator also noted Mr. Hayton was ordered shipped back to Australia, but he disregarded a 1991 Immigration and Naturalization Service deportation warrant.
In the three years preceding the Tradamax promotion, Mr. Hayton was also featured on civil court dockets in several U.S. jurisdictions.
In 1997, the U.S. Bankruptcy Court for the District of Colorado entered a $3.7-million default judgment against Mr. Hayton. The SEC notes that although the underlying court complaint made allegations of common law fraud, breach of contract and breach of fiduciary duty, the facts could also constitute securities laws violations, including Mr. Hayton's failure to make Schedule 13 filings, his issuance of bogus press releases and his conversion of investors' funds.
The previous year, in September, 1996, a different U.S. District Court entered a $775,000 default judgment against Mr. Hayton in a related suit filed by a former officer of Apogee Robotics, which included claims of fraud, breach of fiduciary duty, alter ego transactions and conversion.
With his distinguished resume, Mr. Hayton was attracted to the bright lights of Howe Street. The expat Australian has demonstrated quite a fondness for Vancouver in recent years. (Other Howe Street expat Australians who attracted the attention of regulators in the past decade include Eugene Sirianni, last seen in Lugano, Switzerland, and Phil Garratt of West Vancouver, a Liberian "honorary" consul who played key roles in Cycomm and Rene Hamouth's C3D Inc. None of these individuals are known to be connected to Mr. Hayton.)
Until the spring of 2001, Mr. Hayton's Tradamax had its head office in a tower next to the Park Royal Shopping Centre in West Vancouver. A few years earlier, Mr. Hayton used a different Vancouver address in another of his public company promotions, Advanced Services Co. A major shareholder was Asian Trust Corp. Ltd., a company registered offshore in Ireland but using an address in Three Bentall Centre in downtown Vancouver.
"The Company has been advised that Netvest and ATC are not under common ownership control but that they are advised, in certain matters, by Mr. Pattinson Hayton, a financial adviser. The Company has been advised by Mr. Hayton that he holds no ownership interest in ATC and does not exercise dispositive control over the Investor Preferred held by ATC," stated Advanced Services in a regulatory filing. (A related Netvest company, Netvest (Ontario) Ltd., was also named in the SEC's Tradamax case.)
The SEC claims Tradamax, Mr. Hayton, who served as its undisclosed majority shareholder and a de facto officer, and his friend Mr. Diaz, the company's chief executive officer, disseminated numerous false and misleading statements about the company's product, the identity of its officers and control persons, and other material matters.
Mr. Hayton and his associates allegedly spread the bogus bumpf through press releases, Web-sites maintained by Tradamax and several Internet touters, a spam E-mail campaign, Internet message boards, debenture offering materials, "Power Point" presentations and other promotional materials provided directly to investors, in addition to regulatory filings with the SEC. The Internet touts recruited by Mr. Hayton include www.thestockadviser.com.
According to the SEC, when Mr. Hayton personally sold Tradamax shares to investors, he told them he represented "Cybavest," which he identified as an "investment banker," without disclosing that he was a majority shareholder of Tradamax through Cybavest and other offshore entities. Mr. Hayton also forget to tell his marks about his role as a de facto officer of Tradamax and his lengthy history of securities violations.
Mr. Hayton also worked the Tradamax crowd through Raging Bull postings, using the screen name "wong_funds," in which he pretended to be a Hong Kong institutional investor called "Thomas." In reality, any Hong Kong "investors" were offshore entities controlled by Mr. Hayton.
To complete the web of deceit, Mr. Hayton and his Tradamax associates claimed in early 2001 that the company's stock would soon be listed on American Stock Exchange, the Nasdaq market or an unidentified "major exchange. The SEC notes these statements were false and misleading, as Tradamax lacked audited financial statements and otherwise did not qualify for listing on the Nasdaq or any domestic exchange.
In addition, the Power Point and promotional materials claimed that Tradamax had offices in various cities in the U.S., Canada, Australia, Switzerland and elsewhere, the company had retained prominent American law firms, its independent "advisers" included Cybavest, another entity called Hardwood Capital Corp., and telecommunications consultant George Rebensdorf.
Tradamax also claimed it had plans to raise $25-million in private placement financing by the end of the first quarter of 2001. The SEC alleges these statements were false, as Tradamax had no corporate offices until late March of 2001, its offices were located in Newport Beach, Calif., it had not retained the prominent law firms claimed, and it had received no commitments for such private placement financings. In addition, the statements about Tradamax's purported advisers were false or misleading, as the listed entities were controlled by Mr. Hayton, and Mr. Rebensdorf did not agree to advise Tradamax.
The regulator claims that from about November, 2000, through June, 2001, when the prosecution was launched, Mr. Hayton beneficially owned a majority interest in Tradamax and directed its day-to-day operations without disclosing his control or history of securities law violations. In addition, the SEC alleges Tradamax's purported on-line trading system and Internet portal Web-site, designed for trading in coffee and other commodities, was bogus.
There is no doubt in the minds of SEC investigators that Mr. Hayton was calling most, if not all, of the shots at Tradamax. In court filings, the SEC claims the career violator elected Tradamax directors and appointed officers, negotiated major agreements, raised capital, oversaw public relations activities, and made strategic decisions. In addition, Mr. Hayton controls Tradamax's only bank account. The regulator claims Mr. Hayton has exercised, or continues to exercise, influence over several of Tradamax's past or present front officers and directors, including Mr. Diaz, Joseph L. Searles III, and Darby Kirby.
Mr. Hayton allegedly used his orchestrated Tradamax promotional campaign to dump shares through offshore accounts. Carlisle Holdings Ltd., one offshore account associated with Mr. Hayton and serviced by an unidentified Canadian brokerage, sold 314,200 shares of unregistered Tradamax stock for proceeds of $114,400. The SEC also claims Mr. Hayton personally sold large quantities of his stock to at least four investors in May, 2001. The regulator claims Mr. Hayton used Carlisle, with his sister Susan Montgomery serving as sole officer, and NetVest (Ontario), with his brother-in-law Keith Montgomery as sole officer, as conduits to receive investor funds for Tradamax shares he sold.
At the time the SEC moved in, in June of last year, Mr. Hayton was soliciting investors through a Tradamax debenture offering and claimed he had already raised $500,000. In debenture offering documents, an SEC filing and a press release, Tradamax falsely identified Michael Skellern as its CEO. In reality, Mr. Skellern had already abruptly jumped ship, due to his inability to obtain any financial records or documents relating to the company's claimed "Octapuss" project.
The debenture offering materials also stated Tradamax expected to post a whopping $700-million in annual revenues. This even topped the heady numbers tossed out on the Web sites of the company and its touts, in investor presentations and other promotional materials, which estimated revenues of $250-million to $284-million for fiscal 2001, rising to $600-million in 2002. Tradamax and its touts predicted net profits of 6 per cent of revenues, or $15-million to $36-million.
Mr. Hayton had a firm grip on Tradamax's distribution. The SEC claims he gained control of a majority of the company's shares, through offshore companies he owned or controlled, in October, 2000. As of Dec. 15, 2000, Mr. Hayton's offshore accounts owned about 44 million shares of Tradamax, or about 88 per cent of the total outstanding shares. |
