Well Lockie here. Steven Ehlers was on a incorporation with mob associate Philip Gurian. He only got a 10,000 fine. Bet he did not even have his crd in the release LIKE THE NASDAQ ACCUED ELGINDY OF NOT HAVING. OH AND THERE IS ALSO THAT RELEASE FROM CHATFIELD AND DEAN.. GUNNS COMPLIANCE OFFICER WAS ALSO WITH THAT FIRM LOL
For Release:
Media Contact: May 23, 2000
Nancy A. Condon
(202) 728-8379
Other Contact: Steve Luparello
(301) 590-6730
NASD Regulation Sanctions Steven Ehlers for Trading Ahead of Research
Washington, DC—NASD Regulation, Inc., announced today that it suspended and fined Steven Ehlers for trading ahead of a research report. Ehlers, previously associated with former National Association of Securities Dealers, Inc. (NASD®)-member firm, Quantum Group, Ltd., was suspended for 60 days and fined $10,000 for his conduct.
Ehlers consented to a finding that over a two-day period in February 1998, while employed at Quantum he initiated trades which increased the firm’s short position in the security Saf-T-Lok, Inc. (Nasdaq: LOCK). Ehlers short sold LOCK in anticipation of Quantum issuing a research report which recommended that investors sell the security. After causing the report to be distributed, Ehlers immediately bought shares of the security to cover the firm’s short position, allowing his firm to profit as the price of the security fell. In settling this charge, Ehlers neither admitted nor denied NASD Regulation’s findings.
NASD rules governing just and equitable principals of trade prohibit members from trading ahead of research reports. Specifically, the rules prohibit any member from engaging in trading activity that purposefully affects the firm’s inventory position in a security in anticipation of the issuance of a research report in that security. These rules are designed to protect investors and the marketplace from individuals who have advance knowledge about a research report and thus, armed with that information, place them in a better position to take advantage of security prices prior to market reaction.
During the course of its investigation, NASD Regulation’s Market Regulation Department found no evidence that either Saf-T-Lok, Inc., or its officers knew that its shares were in any way involved in wrongful conduct.
Quantum was based in New York and maintained a branch office in Florida. The firm’s membership with the NASD was terminated as of September 23, 1998 due to its failure to pay fees.
Investors can obtain more information about NASD Regulation as well as the disciplinary record of any NASD-registered broker or brokerage firm by calling (800) 289-9999, or by sending an e-mail through NASD Regulation’s Web Site, www.nasdr.com.
NASD Regulation oversees all U.S. stockbrokers and brokerage firms. NASD Regulation, Inc., The Nasdaq Stock Market, Inc., and the Amex are subsidiaries of the NASD, the largest securities-industry self-regulatory organization in the United States.
Florida Profit
P.G. EQUITIES GROUP, INC.
PRINCIPAL ADDRESS
% PHILLIP GURIAN
2000 GLADES RD, SUITE 110
BOCA RATON FL 33431
MAILING ADDRESS
% PHILLIP GURIAN
2000 GLADES RD, SUITE 110
BOCA RATON FL 33431
Document Number
K11454 FEI Number
000000000 Date Filed
01/08/1988
State
FL Status
INACTIVE Effective Date
NONE
Last Event
INVOLUNTARILY DISSOLVED Event Date Filed
10/13/1989 Event Effective Date
NONE
Registered Agent
Name & Address
GURIAN, PHILLIP
2000 GLADES RD
SUITE 110
BOCA RATON FL 33431
Officer/Director Detail
Name & Address Title
GURIAN, PHILLIP
2000 GLADES RD, S-110
BOCA RATON FL D
EHLERS, STEVEN
2000 GLADES RD, S-110
BOCA RATON FL D
GLUCK, CHERYL
2000 GLADES RD, S-110
BOCA RATON FL D
Annual Reports
Report Year Filed Date
View Events
No Name History Information
Document Images
Listed below are the images available for this filing.
No images are available for this filing.
THIS IS NOT OFFICIAL RECORD; SEE DOCUMENTS IF QUESTION OR CONFLICT
Chatfield Dean downgrades it recommendation on Saf-T-Lok
June 11, 1998 05:37 PM GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--June 11, 1998-- Chatfield Dean & Co., Inc. today downgraded its recommendation on Saf-T-Lok, Inc. LOCK , to a HOLD due to a news release from the Company that the President/CEO, John Gardner, was fired, and due to other news releases regarding various distribution and R&D agreements. Chatfield Dean & Co. still believes Saf-T-Loks proprietary gun locks are excellent; however, more information is needed from Saf-T-Lok on why they have taken such drastic actions. Rating: HOLD Risk Rating: Speculative
Saf T Lok Shrs Soar On Research Report From Unknown Firm By Eric Weiner and Justin OppelaarNEW YORK (Dow Jones)--Shares of Saf T Lok Inc. (LOCK) soared
33% Wednesday on staggering volume after a little-known Atlanta
securities firm initiated coverage of the handgun equipment maker with a strong buy rating.But, a futher examination of the Atlanta securities firm, Woodward Trading Co., and it's president and chief investment officer, Craig H. Woodward, raises more questions than answers.In a generally down day for the stock market, Saf T Lok's Nasdaq-listed shares closed up 1 1/4, or 33.3%, at 5 on volume of 16.7 million compared with average daily volume of 275,195. A spokeswoman at Saf T Lok primarily attributed the runup to Woodward Trading's press release.Shortly after the market opened Wednesday, Woodward Trading issued a research report on the PR Newswire service stating that Saf T Lok's shares could climb to 30 in the next 12 months. The stock closed trading Tuesday at 3 3/4.The Woodward report was a rambling statement that mentioned the recent spate of school shootings; the murder of three police officers in Tampa, Fla.; America's fascination with Internet stocks; and the troubles with tobacco companies; among other things. It also cited reference texts such as the Textbook of Penetrating Injury, the Journal of the American Medical Association and Join Together Online.In a couple of interviews with Dow Jones Newswires, Woodward offered different versions of his firm's business. At one point, when confronted with these conflicting versions, he apologized for making false statements to a reporter earlier. Woodward said his company is a money management firm that does
institutional research for hedge funds, banks and insurance companies. He declined to name his clients. In an earlier interview, he said the firm has been in business for eight years and has "several hundred people on the payroll."However, he later said he actually has only a few employees, and that the firm he clears his trades through, Raymond James Financial Inc. (RJF), has "several hundred employees in its back office."In the earlier interview Woodward said his title was chief investment officer. When asked why he wasn't president or chief executive of the firm that carried his name, he responded that he left the paper shuffling to others. He apologized for the false statement.Later, he gave another conflicting statement. Woodward said he was in fact president of the firm and the chief executive was Adam Margolies, a person he had also described in the interview as a consultant.
djinteractive.com
no crd here
Tuesday February 17, 1:08 pm Eastern Time
Company Press Release
SOURCE: State Street Securities
State Street Securities Initiates Coverage on Saf T Lok With A Strong Buy Recommendation
NEW YORK, Feb. 17 /PRNewswire/ -- The author, Howard N. Stillman, is a special situations analyst with over 25 years of experience and formerly director of research for two N.Y.S.E. member firms and has been approved as a supervisory analyst by the New York Stock Exchange. This reports was prepared on a fee basis. Phone 760-737-9580. Saf T Lok, Inc.
(Nasdaq: LOCK - $4.00)
Outstanding Shares: 9,887,077 30 Day Average Daily Volume: 536,100
Patented combination handgun locking devices that prevent usage by unauthorized individuals yet allow instant access by the owner in seconds -- even in the dark. 1. Saf T Lok has a rapidly increasing demand as national events, such as President Clinton's appeal for safety locking devices on firearms and pending legislation in population centers such as New York City, raise product awareness and need simultaneously. There are approximately 200 million firearms in the United States and over 1 billion worldwide. 2. To date this year, the Company has received approval of all 12 claims for its Magazine Lock, orders in excess of $6.5 million in less than a month and anticipates substantial orders in the immediate future. 3. Saf T Lok's products were well received at the recent ''Shot Show'' in Las Vegas, creating renewed and heightened interest among major gun manufacturers, retailers, distributors, and representatives of the international market. 4. Initial orders have been received from law enforcement agencies with a keen interest displayed in many cities. All law enforcement agencies who have seen on-site demonstrations have placed orders. 5. No competition of the product exists due to the unique and patented attributes of the Saf T Lok. This should expedite product roll out and potential for 40%-50% annual growth which would justify a price earnings ratio of 25 or better on that kind of operating performance. 6. Based on existing orders currently in house, the company will earn 25 cents per hare on a fully diluted basis. 7. Penetrating at 2% of its vast market this year, Saf T Lok has potential earnings of $1 per fully diluted share on a sales estimate of $60 million. RECOMMENDATION: Management at Saf T Lok refined the company's structure and raised sufficient capital to market and meet the impending demand created by legislation and growing public interest. In addition, the manufacturing process is now ready and equipped to fulfill current and expected orders with a sizable increase in the number of employees in the assembly phase. Based on these factors, shares could rise to $20-$40 per share over the next 12-24 month period. NET SALES # OF UNITS FULLY DILUTED EARNINGS P.E. RATIO
1998E $60 million 2 million $1.00 per share 4.0%
1999E $90 million 3 million $1.50 per share 2.7%Full text of this complete research report can be obtained from State Street Securities at 516-365-5600. The information contained herein was prepared by the author's research and is believed to be reliable but is not guaranteed by State Street Securities. SOURCE: State Street Securities--------------------------------------------------------------------------------
More Quotes and News: Saf T Lok Inc (Nasdaq:LOCK - news)
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no crd here either:
Thursday February 5, 1:17 pm Eastern Time
Company Press Release
SOURCE: Quantum Group, Ltd.
Quantum Group, Ltd. Begins Coverage of Saf-T-Lok With a Sell Recommendation
NEW YORK, Feb. 5 /PRNewswire/ -- The following was issued today by Quantum Group, Ltd.: Saf-T-Lok (Nasdaq: LOCK - news) has enjoyed a recent appreciation of over 300 percent in the price of their shares. This Florida-based company is in the business of marketing a combination trigger lock for guns. Quantum believes the recent rise in the stock is due to the incentives that were given to a PR firm and a brokerage firm. If the shares of Saf-T-Lok trade above 3 dollars a share state street securities, marketing direct concepts and a business consulting firm receive over 2 million dollars. Quantum believes this incentive has caused aggressive marketing of the stock that has pushed the shares of Saf-T-Lok to unrealistically high levels. Sales The latest reporting quarter Saf-T-Lok reported sales of 5 thousand dollars and a $300,000 loss. Saf-T-Lok has a marketing plan similar to last year which leads Quantum to believe the sales of Saf-T-Lok will not be significant in the short term. Saf-T-Lok issued a recent press release saying that they received an order totaling $550,000 from a newly formed company called United Safety Action Inc. based in Muncy, N.Y. From Quantum's understanding this is a newly formed company without a sales force whose principal has limited experience in the firearms industry. These facts cause Quantum to believe this sale may be an indication of interest and may not follow through. Quantum believes Saf-T-Lok will remain unprofitable for the foreseeable future as they have not demonstrated any ability to generate sales of these patented locks. Market Capitalization Saf-T-Lok currently has over 15 million fully diluted shares outstanding. The current market capitalization is over 75 million dollars. Saf-T-Lok is in an industry that Quantum believes would not command a high price earnings ratio even if the company ever was to be profitable. Gun manufacturers estimate this industry grows at a rate under 5% per year. To justify current valuations, Quantum feels Saf-T-Lok would have to earn in excess of 8 million after tax dollars per year. Saf-T-Lok would have to capture a significant part of the market to accomplish this. Major gun manufacturers have come out with announcements that they are equipping new guns with products other than Saf-T-Loks. Quantum believes this current market capitalization will not be maintained. Insider Stock Sales Over the last year officers and directors have sold their shares in Saf-T-Lok at an alarming rate. Franklin Brooks, the inventor of Saf-T-Lok has sold over 280,000 shares. William Schmidt has sold 88,000 shares. John Gardner, the newly appointed president sold 200,000 shares. Eugene Horanoff sold 47,000 shares. Jeffrey Brooks recently sold 50,000 shares. These sales make Quantum question the confidence this management has in Saf-T-Lok. Conclusion Quantum believes the shares of Saf-T-Lok are currently trading at unsustainable levels. Recent speculation and aggressive marketing of the stock of Saf-T-Lok have driven the shares to an unrealistic price. This is a company that has generated nothing but losses and will continue to do so for the near future. Quantum believes the rise of these shares is a function of short term incentives and not because of company fundamentals. Quantum is setting a twelve month target of under 1 dollar a share. This report should not be considered a solicitation to generate new clients and is not intended for distribution. Quantum Trading is a New York-based trading firm and maintains a short position in Saf-T-Lok. SOURCE: Quantum Group, Ltd.--------------------------------------------------------------------------------
louis riley of ktel fame also was touting it on the message boards
To:Jason Flora who wrote (190)
From: Louis Riley Thursday, Oct 9, 1997 5:39 PM
Respond to of 1038
Haha. Key West's MM symbol is KEYZ. He was on the offer getting short a lot of stock @ $3 1/6 right before it finally broke $3 1/8 again this afternoon and ran to $3 17/32.Lost his tail on the afternoon run. Tough luck, shorty.....
Shalom weiss was the sophisticated investment group
News
Business Wire
NEW DEVELOPMENTS AT SAF T LOK, INC.; FUNDING &
MARKETING EFFORTS UNDERWAY TEQUESTA, Fla.--(BUSINESS WIRE)--July 11, 1997--John L. Gardner,
President and Chief Executive Officer of Saf T Lok Incorporated
announced today that Saf T Lok (NASDAQ:LOCK.O) has received $550,000 of
additional financing from five sophisticated investment groups.
Mr. Gardner stated that this additional funding will permit the
company to initiate the high volume tooling for it's magazine lock.
Saf T Lok manufactures safety locks for firearms that can be
permanently mounted to a firearm, can safely lock a loaded firearm,
yet can be unlocked almost instantly, only by an authorized user.
There are no keys, batteries, or rings required to activate or
deactivate the lock and the lock does not have to be removed from the
firearm to fire it. These revolutionary gun locks are the only ones
of their type in the world and are covered by numerous patents in the
U.S. and the majority of industrialized countries.
Mr. Gardner also indicated that Saf T Lok will be launching an
aggressive marketing campaign, which will include advertisements in
USA Today, extensive direct response marketing, and a pilot TV direct
response program in order to both educate the consumer and provide
for substantial incremental sales.
Also announced today, the Nasdaq Stock Market, Inc has agreed to
stay the delisting of the company's stock on the Nasdaq SmallCap
Market pending the outcome of a hearing to be scheduled on whether
the company can meet the continuing listing requirements.
The company had received a notice from Nasdaq that the company
stock would be delisted because it's total assets had fallen below
$2 million and its stockholders' equity had fallen below $1 million
as reported by the company for March 31,1997. The company advised
Nasdaq that it had raised additional equity capital and that, as of
May 31,1997, it met both the asset and the stockholders' equity
tests. Nevertheless, Nasdaq advised the company that the company's
stock would be delisted. The company appealed this decision and a
stay of the delisting was granted.
The company believes that it will be able to show Nasdaq that it
meets the asset and stock holders' equity tests and will be able to
meet the continuing listing requirements in the future. --30--pp/mi*CONTACT: Saf T Lok
Jacquie Cofer, 561/743-5625, Fax: 561/745-6601KEYWORD: FLORIDA Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.comcopyright 1997, Business Wire |
