"Breaking News: HYPD- Another Multi Million Dollar Deal"
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"The indictment said Freiberg controlled Sutton Capital Corp. of Great Neck, N.Y., and Boca Raton, Fla., which controlled stockgenie.com, which promoted stocks on a Web site of the same name."
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StockGenie ha ha ha->receive 200,000 free trading shares
Subj: Breaking News: HYPD- Another Multi Million Dollar Deal
Date: 3/7/2002 2:43:48 PM Pacific Standard Time
From: contact@stockgenie.com (Stockgenie)
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Nine indicted in $33 million stock fraud
JEFFREY GOLD
Associated Press
NEWARK, N.J. - Nine people were indicted in a $33 million securities fraud, accused of defrauding investors over four years by creating demand for a penny stock through Internet announcements and purchases designed to look like active trading.
Two Frenchmen who pleaded guilty in a related case were not charged but were named as co-conspirators.
At least three other people in their network have pleaded guilty in such schemes, which involved using what prosecutors called "reverse mergers" to help conceal a company's true owners.
"It's a business combination mechanism that permits a private company to become a public company" without having to go through initial public offering requirements, Assistant U.S. Attorney Mauro Wolfe said.
The three-count indictment, handed up by a federal grand jury in Newark on Nov. 6, was unsealed Monday.
Federal authorities arrested two of the accused on Sunday: Jean Pierre Collardeau, a French citizen living in New York, and Irving Freiberg of Muttontown, N.Y., and Boca Raton, Fla.
Warrants were issued for seven other defendants, including Collardeau's sister-in-law, Nicole Peignier of Gennevilliers, France; three French citizens who live in St. Martin, French West Indies; and a Swiss man (* WHO IS THIS?? *). Also wanted were Fode Diop, a Senegal citizen living in Rego Park, N.Y., and Irving Stitsky, of Brookville, N.Y.
Each is charged with conspiracy to commit securities fraud, mail fraud and wire fraud; securities fraud; and conspiracy to commit money laundering. Each charge carries at least five years in prison.
The government seeks to seize $33 million from the defendants, as well as several of their homes, and bank and brokerage accounts.
Collardeau was held without bail Monday after appearing in federal court in Newark. Wolfe opposed any bail, asserting the suspect is a flight risk.
Defense lawyer Paul S. Brenner said Collardeau would not flee, saying he has U.S. and French citizenship, and his wife and children are in the United States. Brenner said he had not yet studied the 32-page indictment so he declined to comment on the charges.
Freiberg was held without bail pending a hearing scheduled Wednesday in federal court in West Palm Beach, Fla.
The indictment said Freiberg controlled Sutton Capital Corp. of Great Neck, N.Y., and Boca Raton, Fla., which controlled stockgenie.com, which promoted stocks on a Web site of the same name.
Sutton had no listed numbers. No reply was received to an e-mail seeking comment sent to the stockgenie site.
The indictment links the suspects to two Frenchmen, including one who illegally donated to the successful 1996 U.S. senate campaign of Robert G. Torricelli, who have pleaded guilty in the scheme. Torricelli quit the 2002 race after being admonished by the Senate for taking gifts from another illegal donor.
One of the Frenchmen was Philippe V. Hababou, who pleaded guilty in 2000 to violating campaign finance regulations and money laundering in the stock frauds. He was jailed for 22 months before his plea and was extradited to France.
The other, Marc Rousso, was the guiding force behind a series of what prosecutors "pump and dump" schemes in the mid-1990s involving tens of millions of dollars of low-priced stocks.
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StockGenie ha ha ha->receive 200,000 free trading shares Subj: Breaking News: HYPD- Another Multi Million Dollar Deal
Date: 3/7/2002 2:43:48 PM Pacific Standard Time
From: contact@stockgenie.com (Stockgenie)
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The Stock Genie's SPECIAL ALERT (http://www.stockgenie.com/)
For distribution after the stock market close 5PM EST, THURSDAY, MARCH 7, 2002
BREAKING NEWS !
HyperDynamics Corp. (OTC BB: HYPD) March 2002
CONGRATULATIONS TO ALL SUBSCRIBERS WHO REACTED TO OUR ORIGINAL PROFILE OF HYPD THIS PAST DECEMBER AT $0.43. TODAY HYPD TRADED IN THE MID $0.80’s, A DOUBLE!
Reasons to buy HYPD
1. HYPD is well positioned to grow its business substantially to achieve a niche market dominance.
2. HYPD opened up access to significant and recurring long-term revenue streams
3. HYPD’s- SCS acquisition represents an ideal fit...synergy will offer an industry superior solution for the oil and gas industry exploration process...
4. HYPD’s Revenue potential estimated to exceed $25 million per year for fiscal year 2003.
5. HYPD has brand new tier 1 data facility that is cost effective for companies to outsource.
6. HYPD has an AT&T Dedicated Entrance facility. AT&T laid fiber to HYPD’S data center that can be scaled to an OC48 (Huge broadband capacity).
SYMBOL: HYPD
SHARES OUTSTANDING: 15.7mm
FLOAT (est.): 6.1mm
52 WEEK HIGH/LOW: 1.34 - .25
SHORT TERM PRICE PROJ.: $1.95
12 MONTH PRICE PROJ.: $4.30
7. HYPD is an Intel Premium Provider - licensed to sell the highest-level processors.
8. HYPD is a Great Plains and Microsoft Solution Provider.
9. HYPD is a Computer Associates partner
10. New management team with proven track record of business success.
11. HYPD’s business model is targeted on obtaining recurring revenue streams
UPDATE
See Press Release Below.
VALUATION
Consolidation within the ITSP industry has been a consistent theme within the past several years. Major ITSP hosting players have been acquired in a series of recognizable transactions. Notable among these has been the acquisition of Verio by NTT, and the acquisition of Digex by WorldCom. Within the remaining players in the IT hosting industry, remaining players have been devastated by the decline in valuations accorded, based on consistently increasing earnings deficits and increased cost of services provided. In addition, these players have suffered due to aggressive acquisition strategies undertaken during the previous two years that have not proven out as significant growth catalysts and increased debt structures. By contrast, HYPD has pursued a conservative growth strategy with limited acquisitions carefully calculated to directly and immediately benefit aggregate revenues and earnings.
Relative to comparative companies within the ITSP industry, HYPD could realize superior growth in business and earnings over the near-to-intermediate term period. A grouping of comparable companies within this sector currently trades at an average price to sales multiple of 2.70 X. On a forward looking basis, using FY 2003 revenue and earnings estimates for the Company (fiscal year 2003 starts July 1,2002), this represents roughly a 8-fold premium to current trading levels. Thus, when applying the comparative grouping’s average price to earnings and price to revenue multiples to HYPD we can arrive at a relative valuation of $4.30 per share over the next 12 months.
SUMMARY
Aggressive investors looking for above-average return potential on a portion of their investment capital should give HYPD a serious look. Management of the Company, headed by CEO Kent Watts, are highly talented and educated in their technical areas. We believe HYPD has assembled an astute, goal oriented, sophisticated team committed to HYPD becoming very, very successful. Investors at current levels may be rewarded in the short term, and beyond, as HYPD’S business plan is executed. HYPD may very well be one of the stock market’s best secrets!
PRESS RELEASE
FOR IMMEDIATE RELEASE
HYPERDYNAMICS' SCS CORPORATION AND US OIL TO INITIATE $2.5MM SEISMIC ANALYSIS OFFSHORE THE REPUBLIC OF GUINEA, WEST AFRICA
Exclusive exploration and marketing rights have been obtained for 31,000 square miles offshore
(HOUSTON, TX)--Thursday. March 7, 2002-HYPERDYNAMICS CORPORATION, (OTC BB: HYPD), the premier Integrated Technology Service Provider (ITSP(TM)), today announced, as a result of continued marketing efforts for its geophysical data services, Hyperdynamics wholly owned subsidiary, SCS Corporation, has agreed with U.S. Oil Corporation and obtained exclusive rights to explore and market the results for the offshore area of the Republic of Guinea, West Africa.
Neil Moore, President for SCS, stated that "the interest in Guinea is increasing based on the recently reported discovery offshore Trinidad on the other side of the Atlantic at the same latitude. The Trinidad discovery has been reported in their local press as having 2.5 trillion cu ft of natural gas and one billion barrels of high gravity oil." He further stated that, "the excitement is, these formations appear to match the same geology on the African side of the Atlantic ocean before the continents drifted apart."
The venture has total exploration and data marketing rights to the entire continental margin of the Republic of Guinea covering 210 miles of coastline up to 150 miles offshore. Under the agreement with US Oil, SCS will operate the exploration operations for an area of approximately 31,000 sq. miles. Phase one is budgeted at $2.5MM. Plans call for phase one to begin in mid March 2002 with an initial seismic survey. To evaluate the seismic, SCS will use the latest remote PrimeViewtm attribute technology which provides improved stratigraphic analysis to greater depths and increases the ability to determine prospective features for further exploration and drilling. For a demonstration of PrimeView go to www.hypd.com.
ABOUT HYPERDYNAMICS AND SCS
HyperDynamics is a provider of integrated information technology services and products such as its Hypersource(SM) IT outsourcing services, custom and vertically oriented Application Service Providing (ASP) such as the PrimeView Seismic Interpretation Application, Enhanced Colocation Services, and Hyperserve(TM) integrated servers. The Company's wholly owned subsidiary, SCS Corporation is vertically focused on geophysical data services for the oil and gas industry including data conversion, data brokerage, and remote seismic data processing.
Some of the company's partnerships and certifications include Intel, Microsoft, Citrix, Cisco Systems, Great Plains and AT&T. HyperDynamic's headquarters is in Houston.
Additional information on HyperDynamics is available at hypd.com.
Safe Harbor Statement:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company filings with the Securities and Exchange Commission.
Disclaimer:
Stock Genie (SG) publishes reports providing information on selected companies that SG believes has investment potential. SG is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. SG accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in HYPD is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. SG has been hired by a third party consultant, and is contracted to receive 200,000 free trading shares of common stock for the publication and circulation of this report. SG intends to sell all or a portion of the of the HYPD stock at or about the time of publication of this report. Subsequently SG may buy or sell shares of HYPD stock in the open market. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of HYPD including the company's most recent annual and quarterly reports. |
