LARRY PRESSLER ON SKY CAPITAL HOLDINGS ADVISORY BOARD. HE WAS ALSO ON TURBODYNES. THE BEST PART IS A RAY DIRKS ANALYST HAD RECOMMENDED "American Technologies Group, Inc. (OTC BB Symbol: ATEG)." Lawrence Pressler WAS/IS A director of American Technologies Group
skycapitalholdings.com
Larry Pressler is chairman of Pressler & Associates, a government relations /consulting firm in Washington DC and Sioux Falls South Dakota, specializing in telecommunications and transportation. Since April 1998 he has also been a partner in the Washington DC law firm of O'Connor & Hannan LLP. He is chair of O'Connor & Hannan's Telecommunications and Business Group. He was a member of the U.S. Senate (R-SD) from 1979-1997 and a member of the U.S. House (R-SD) from 1974-1979. Senator Pressler authored the Telecommunications Act of 1996. He served as a senior fellow at the University of California at Los Angeles during 2000. Sen. Pressler was a visiting practitioner /professor at the University of South Dakota during the fall semester of 2000 and a visiting professor at the Lower Brule Community College during the spring 1999 and 2001 semesters. He currently serves as an adjunct faculty member at Oglala Lakota College. During 1999, Sen. Pressler lectured at Harvard Law School and Georgetown Business School. He is a member of the board of directors of Infosys Technologies Ltd., a company engaged in the computer software business, Global Light Telecommunications, a Canadian telecommunications company and CustomerLinx, which operates call centers.
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December 20, 1999
Turbodyne’s auditors resign.On December 9, 1999, Turbodyne Technologies, Inc. (Trading Symbol: TRBD) (Price: $5.3437) announced the Board of Directors had retained a new Disclosure Committee. The Committee consisted of three members: Senator Lawrence L. Pressler, Charles R. McCarthy, Jr. and John M. Fedders. The terms of their retainer were not disclosed. Apparently, these men were not on the Board of Directors and have not been appointed to the Board. They are described as "independent experts." Charles McCarthy and Lawrence Pressler are directors of American Technologies Group, Inc. (OTC BB Symbol: ATEG). They have been ATEG directors since 1998 and 1999, respectively. American Technologies has claimed to have numerous business activities and products including high energy particle beam technology, an alternative to conventional laundry detergents, gold mining interests, fuel additives and water purification technology. American Technologies’ stock has traded at $16.75 and is currently trading at $0.30 per share. Charles McCarthy and Lawrence Pressler are also both partners in the law firm of O’Connor & Hannan.John Fedders has represented Charles O. Huttoe, the former chairman and chief executive officer of Systems of Excellence, Inc. Systems of Excellence was the SEC’s first case of Internet stock-touting fraud. At least five individuals have pled guilty to felony charges stemming from manipulation. In 1996, Mr. Huttoe pleaded guilty to criminal charges of violating securities laws and engaging in money laundering.In the "Disclosure Committee" press release, Turbodyne announced that KPMG had resigned from its "client-auditor" relationship. Turbodyne stated they were pursuing the retention of another independent public accountant.Turbodyne included its "patented pollution-reduction" claims at the end of the press release. We found the inclusion of Turbodyne’s promotional self-description statement and the treatment of the resignation of its auditors as a secondary issue in a press release announcing a "New Disclosure Committee" that is supposed to approve releases to be very amusing.Asensio & Company, Inc. is a New York-based institutional investment bank specializing in corporate valuations and equity research. Asensio & Company also specializes in investigating stock promotions and publishing research on companies it identifies as grossly overvalued, as defined. A complete documented history of Asensio’s published work with grossly overvalued securities, and the firm’s definition of gross overvaluation, is available on the Internet at www.asensio.com. Asensio & Company is actively engaged in short selling and advises its clients on securities it believes are overvalued. Asensio & Company has issued reports on Turbodyne and has sold short Turbodyne shares. Short selling is an investment plan that allows an investor to profit from a decline in stock prices. These reports are also available on Asensio & Company's Internet home page, located at www.asensio.com.Short selling involves a risk not associated with the purchase of stock including, but not only limited to, unlimited loss and stock borrowing risks. Additional information is available upon request.
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To:TheTruthseeker who started this subject
From: tonybaretta Sunday, Jun 23, 2002 2:54 PM
View Replies (1) | Respond to of 219
In the course of conducting our background research about ATEG, we perused the Silicon Investor web site (www.techstocks.com)) Security Capital Trading, Inc.
Stevens R. Monte, CFA
520 Madison Avenue, 10th Floor Phone: (212) 339-2000
New York, New York 10022-4213 (888) 305-0050
Member NASD - Member SIPC Fax: (212) 339-2020http://www-2.cs.cmu.edu/~dst/ATG/A12.htmlPerhaps the most interesting part is the mention of Mr. Touretzky is a Senior Research Computer Scientist in the Computer Science Department at the Carnegie Mellon School of Computer Sciences in Pittsburgh, PA. His hatred for ATEG goes so far that he has established his own very large web site www-2.cs.cmu.edu on which he has alleged that officers of the company are associated with a cult, the Church of Scientology, and that ATEG's technology is a fraud. We would suggest that potential investors access that web site for further details.http://finance.yahoo.com/q?s=ATEG.OB |
