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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: StockDung who wrote (80443)4/25/2003 6:24:31 PM
From: Mr. Jens Tingleff  Read Replies (3) of 122087
 
Shelly Singhal in FSTI deal....

FSTI being acquired by Freestar acquisitions corp Delaware.
The DE corp seem to be managed by the people from Gibraltar who sold the Finish RAHAXI OY to FSTI late in 2002.

Shelly Singhal mentioned as Director of SBI-USA (? Not in NASDR info in the message I respond to ?) is signing the PR information. See this 8-K from FSTI.
sec.gov

The deal at all is odd (49 cents) - Some are getting options to buy quite a few shares at 10 cent - Meaning that they may short at any higher price and already be covered up front by their option to buy at 10c.

Deal is also coming up while there is little time left before FSTI should have proved the rosy pictures painted about RAHAXI, pictures which it has been very difficult to get fully confirmed elsewhere. Has been confirmed though that Rahaxi had customers when it was sold out from Sonera to the Gibraltar guys in the start of 2001.
Yet, it walks like and talks like one huge fabrication.

The people from Gibraltar has also been involved in another, now defunct, credit card story in the UK.
I did some digging on it back in 2002 when the FSTI/Rahaxi deal was started. (RB thread)

Kr
Jens
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