Mr. Byrne,
Before I retire for the evening, I thought I would share this with you;
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exchange2000.com
To: David Pesetsky (3010 )
From: Steve Brandt Friday, Mar 21 1997 3:02PM ET
Reply # of 7749
Friday March 21 2:30 PM EDT
COHEN 144 STOCK STOP
TRANSFERRED: ELIGIBILITY IN
QUESTION PENDING GIFS
CORPORATE COUNSEL REVIEW
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--March 21,
1997--Genesis International Financial Services, Inc.,
(GIFS-OTC-BB) announced today that a CDA/Investnet News
story which crossed the wire this morning involving the Cohen
Stanley R. Trust 30-day old filing to sell 82,500 shares of
Restricted 144 stock failed to mention that both the principals
and J. W. Charles Securities have been advised that pursuant
to an opinion of counsel a stop transfer has been placed on the
stock in question pending the completion of GIFS SEC
Corporate Counsel review of its eligibility for sale under Rule
144 at this time, complex legal questions concerning its origin,
and other matters that may require judicial determination.
Related stop transfer orders are on Restricted 144 stock held
by the Sitaris family, the Martin family, Thomas DiStefano,
TLD-3 Investments, Brenda Hamilton, and others pending the
same review.
The company noted that this is at least the second time that
CDA/Investnet has belatedly reposted to wire services a
previously reported story on a aged SEC filing involving a large
block of GIFS Restricted 144 stock, absent of important details
surrounding the filings that would be material to investors. The
company intends to make further inquiries to prevent similar
outdated, incomplete, and misleading reporting of Rule 144
sales involving GIFS. --------------
" ...stop transfer orders are on Restricted 144 stock held
by the Sitaris family, the Martin family, Thomas DiStefano,
TLD-3 Investments, Brenda Hamilton, and others pending the
same review. "--------
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Mr. Sitaris was quite upset he wasn't able to sell his 144's. I would suppose the Martin family was as well, under the circumstances;
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exchange2000.com
To: Micaella Schocker (2909 )
From: Ron Reece Wednesday, Mar 19 1997 1:09PM ET
Reply # of 7749
Micaella,
I take it that you are now long, rather than short?? Who's your broker??
I would like to know a little about how to short BB stocks myself...
hehe.
Some folks are so fickle. What has really changed?? The fact that GIFS
has announced that an auditing firm would be selected? Hell, we all knew
that weeks ago.
People are funny critters. or how about...
"If you act like an idiot, others will be more willing to treat you as
an equal"
Regards,
Ron
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I am sure Mr. Reece was saying these things in jest, but, I am quite certain that not being able to sell those 144's created alot of stress to those involved, and perhaps motivated certain individuals to take some sort of action against the company.
Notice that Mr. Martin sold his 144 shares through Comprehensive Capital . One can also perform a little diligence and discover that several years ago that Comp. Capital sponsored an IPO for DDSI.
One can go to Yahoo and look at the chart of DDSI over the last
5 years. One will notice that after several months following the IPO that the stock began falling. Plumetted down to pennies....then, only recently ,it began a recovery (in the past several). This has the look of an attemped terminal short.....pure speculation on my part, I assure you, but it makes one wonder.
If GIFS, and please do not think I am defending GIFS, was not going to allow these individuals to sell their 144's, what avenues were available to recoup?
I am of the belief that GIFS could very well have been a legitimate scam, nevertheless , it is not GIFS that concerns me, it is RMIL and the individuals who attack it .We find Mr. Reece, who was sued for fraud by the SEC, inquiring, most likely humorously, about shorting BB stocks. We have disgruntled shareholders who cannot sell their 144 shares. We have to look at GIFS closely because some of the same "disgruntled" individuals that were there, are attacking RMIL here, even in it's non-trading status.
Good Evening all!
RB |
