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Technology Stocks : CQMT is now DDD (Chequemate International, Inc) -- Ignore unavailable to you. Want to Upgrade?


To: Randy berg who wrote (23)1/19/2000 11:41:00 PM
From: StockDung  Respond to of 51
 
Microcap fraud depends on spreading false information. Here's how some fraudsters carry out their scams:

Questionable Press Releases Fraudsters often issue press releases that contain exaggerations or lies about the microcap company's sales, acquisitions, revenue projections, or new products or services.

Paid Promoters Some microcap companies pay stock promoters to recommend or "tout" the microcap stock in supposedly independent and unbiased investment newsletters, research reports, or radio and television shows. The federal securities laws require the newsletters to disclose who paid them, the amount, and the type of payment. But many fraudsters fail to do so and mislead investors into believing they are receiving independent advice.

Internet Fraud Fraudsters often distribute junk e-mail or "spam" over the Internet to spread false information quickly and cheaply about a microcap company to thousands of potential investors. They also use aliases on Internet bulletin boards and chat rooms to hide their identities and post messages urging investors to buy stock in microcap companies based on supposedly "inside" information about impending developments at the companies. For more information about Internet fraud and on-line investing, read Internet Fraud and What You Need to Know About Trading in Fast Moving Markets.

"Boiler Rooms" and Cold Calling Dishonest brokers set up "boiler rooms" where a small army of high-pressure salespeople use banks of telephones to make cold calls to as many potential investors as possible. These strangers hound investors to buy "house stocks" – stocks that the firm buys or sells as a market maker or has in its inventory. To learn more about cold calling, read Cold Calling Alert.
Microcap fraud schemes can take a variety of forms. Here's a description of the two most common schemes:

The Classic "Pump and Dump" Scheme

It's common to see messages posted on the Internet that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is pumped up by the buying frenzy they create. Once these fraudsters sell their shares and stop hyping the stock, the price typically falls, and investors lose their money.

The Off-Shore Scam
Under a rule known as "Regulation S," companies do not have to register stock they sell outside the United States to foreign or "off-shore" investors. In the typical off-shore scam, an unscrupulous microcap company sells unregistered Reg S stock at a deep discount to fraudsters posing as foreign investors. These fraudsters then sell the stock to U.S. investors at inflated prices, pocketing huge profits which they share with the microcap company insiders. The flood of unregistered stock into the U.S. eventually causes the price to plummet, leaving unsuspecting U.S. investors with enormous losses. The SEC recently strengthened Reg S to make these frauds harder to conduct.



To: Randy berg who wrote (23)1/20/2000 11:05:00 PM
From: StockDung  Respond to of 51
 
CQMT - CHEQUEMATE INTL INC "The real Alpha"
"The remaining AlphaStar and AlphaStar Television assets, including the Milton, Ont., and Oxford, Conn., uplink stations, and real estate, manufacturing facilities, and the inventory of set-top decoder boxes and antennas, will be offered for sale by the receiver and AlphaStar Television over the next few weeks, Ernst & Young said."

Tee-Comm Electronics Inc.
TSE: ''TEN'' NASDAQ: ''TENXF''

AlphaStar signs off in latest satellite setback

AlphaStar signs off in latest satellite setback
Thursday, August 7, 1997
By Geoffrey Rowan
The Globe and Mail
At 3 a.m. today, the television screens of subscribers to Canada's first direct-to-home TV service, AlphaStar Canada Inc., went blank, ending a sorry chapter in the competition to bring satellite TV to Canadians.

"We had until Aug. 5 to come up with a buyer for all the [AlphaStar] assets," said Brian Denega, senior vice-president for Ernst & Young, the receiver for the now defunct company.

"We attempted to run a process that was exhaustive and sought bids from anybody who wished to buy it as a going concern and keep it alive," Mr. Denega said, "but there were no bids."

AlphaStar had about 7,000 subscribers in Canada, and about 60,000 in the United States, where it did business as a subsidiary of Tee-Comm Electronics Inc. of Milton, Ont., under the name of AlphaStar Television Networks Inc.

AlphaStar Television sought protection under Chapter 11 of the U.S. Bankruptcy Code on May 27. AlphaStar's parent, Tee-Comm, went into receivership June 4, never recovering from a break with Canada's original satellite television consortium, ExpressVu Inc. Expressvu has yet to launch a service but says it will this September.

AlphaStar subscribers continued receiving TV signals, even as the Canadian receiver and U.S. courts tried to find a buyer who would keep the service running.

The lack of any bid for AlphaStar and AlphaStar Television, based in Stamford, Conn., by the Aug. 5 deadline triggered another deal.

Now, Loral Space & Communications Ltd., a unit of New York's Loral Corp., will buy back satellite transponders that it leased to AlphaStar Television on its Telstar 402R and Telstar 5 satellites, receiver Ernst & Young said.

The Loral buyback agreement calls for a transfer of value to AlphaStar of $8.7-million (U.S.), including a cash component of $5-million, plus a share of the profit earned by Loral through its re-leasing of the Telstar 5 satellite transponders to other companies.

AlphaStar Television will receive between 35 and 50 per cent of any such future profit, depending on the average contract term of the new leases entered between Loral and other companies.

Ernst & Young said the agreement also entitles Loral to be paid $7.3-million under a letter of credit held by it in satisfaction of AlphaStar's rent arrears to Loral.

The remaining AlphaStar and AlphaStar Television assets, including the Milton, Ont., and Oxford, Conn., uplink stations, and real estate, manufacturing facilities, and the inventory of set-top decoder boxes and antennas, will be offered for sale by the receiver and AlphaStar Television over the next few weeks, Ernst & Young said.

Back to the top of the page
We welcome your comments.
Copyright © 1997, The Globe and Mail Company ®
All rights reserved.

******************
******************************************************

Tee-Comm is the parent company of AlphaStar US and AlphaStar Canada.

Tee-Comm/AlphaStar Internet Web Page
Click to Return to Hot Satellite News
Click to Return to HC Satellite Home Page

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Tee-Comm Electronics, Inc.

On February 3, 1998, a class action lawsuit was filed on February 3, 1998, in the United States District Court for the District of Connecticut, on behalf of all persons who purchased or otherwise acquired the common stock of Tee-Comm Electronics, Inc. ("Tee-Comm" or the "Company") between July 31, 1996 and May 27, 1997, inclusive (the "Class Period"). The complaint charges the Chief Executive Officer and Chief Financial Officer of Tee-Comm, among others, during the relevant time period, with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, by, among other things, issuing to the investing public materially false and misleading statements and press releases concerning Tee-Comm's satellite television division, AlphaStar Television Network, Inc. ("AlphaStar"). Specifically, the complaint alleges that, at all relevant times, defendants issued a series of statements which portrayed Tee-Comm and Alphastar in highly positive terms while failing to disclose that the Company was rapidly running out of cash, was not generating sufficient new subscribers and revenue to continue as a going concern and was nearing insolvency. Because of the issuance of a series of materially false and misleading statements and press releases concerning Tee-Comm's financial condition and the operations of AlphaStar, the price of Tee-Comm common stock was artificially inflated during the Class Period. On May 27, 1997, Tee-Comm issued a press release announcing that the Company's lender had demanded immediate repayment of all existing credit facilities and that its Board of Directors had resigned. That same day, Tee-Comm announced that AlphaStar had filed for bankruptcy. In response to these announcements, on May 27, 1997, the price of Tee-Comm stock closed down at $0.50 per share, a decline of 95% from a Class Period high of $10.1875 reached on September 16, 1996. Thereafter, Tee-Comm's U.S. divisions all filed for bankruptcy. On June 3, 1997, trading in the Company's stock was halted and, subsequently, it was delisted from trading on NASDAQ.

securities.stanford.edu

UNITED STATES DISTRICT COURT
DISTRICT OF CONNECTICUT
____________________________________ )
ISAAC BTESH on behalf of )
himself and all others similarly ) CASE NO. 398CV00213
situated, ) [filed Feb. 3, 1998]
)
Plaintiff, ) CLASS ACTION COMPLAINT
) FOR VIOLATIONS OF
v. ) FEDERAL SECURITIES LAWS
)AL BAHNMAN, JAMES WILKINSON, )
DAVE CHARLES and MURRAY )KLIPPENSTEIN, )
) Defendants. )
____________________________________)
Plaintiff makes the following allegations upon
information and belief, except as to allegations specifically
pertaining to plaintiff and his counsel, based on the facts
alleged below, predicated upon the investigation undertaken by
and under the supervision of plaintiff's counsel, and plaintiff
believes that further substantial evidentiary support will exist
for the allegations set forth below after a reasonableopportunity for discovery.
NATURE OF THE ACTION
1. This is a class action on behalf of all purchasers
of the common stock of Tee-Comm Electronics, Inc. ("Tee-Comm" or
the "Company") between July 31, 1996, and May 27, 1997,
inclusive, (the "Class Period"), seeking to pursue remedies under
the Securities Exchange Act of 1934 (the "Exchange Act"). This
action concerns the dissemination of materially false and
misleading statements relating to Tee-Comm's satellite television
division, AlphaStar Television Network, Inc. ("Alphastar").
--------------------------------------------------------------------------------
JURISDICTION AND VENUE
2. The claims asserted herein arise under and
pursuant to Sections 10(b) and 20(a) of the Exchange Act [15
U.S.C. §§ 78j(b) and 78t(a)] and Rule 10b-5 promulgated
thereunder by the Securities and Exchange Commission ("SEC") [17
C.F.R. § 240.10b-5]. 3. This Court has jurisdiction over the subject
matter of this action pursuant to 28 U.S.C. §§1331 and 1337, and
Section 27 of the Exchange Act [15 U.S.C. §78aa].
4. Venue is proper in this District pursuant to Sec-
tion 27 of the Exchange Act, and 28 U.S.C. §1391(b). Tee-Comm's
97%-owned subsidiary, Alphastar, maintains its principal
executive offices in this District and the acts charged herein,
including the preparation and dissemination of materially false
and misleading information, occurred in substantial part in thisDistrict.
5. In connection with the acts alleged in this com-
plaint, defendants, directly or indirectly, used the means and
instrumentalities of interstate commerce, including, but not
limited to, the mails, interstate telephone communications and
the facilities of the national securities markets.
PARTIES
6. Plaintiff Isaac Btesh, as set forth in the
accompanying certification which is incorporated by reference
herein, purchased Tee-Comm common stock at artificially inflated
prices during the Class Period and has been damaged thereby.
- 2 -
--------------------------------------------------------------------------------
7. (a) Tee-Comm, which is not a party herein because
of its recent voluntary filing of bankruptcy, is a corporation
incorporated under the Canada Business Corporations Act with its
principal executive offices at 775 Main Street East, Milton
Ontario. Tee-Comm describes itself as a manufacturer and
distributor of direct-to-home ("DTH") products in North America,
offers analog DTH programming services in Canada through TCI Home
Entertainment and offers digital DTH services in the United
States through Alphastar.
(b) Tee-Comm has several subsidiaries that
conduct business in the United States. Tee-Comm Inc., a Delaware
corporation, is a holding company that holds all of the shares of
Tee-Comm Distribution, Inc. -- a New York corporation that sells
the Company's DTH products through third-party distributors.
Alphastar, a Delaware corporation, was formed in March 1995 to
offer DTH service in the United States. On May 27, 1997,
Alphastar filed a voluntary petition for Bankruptcy.
8. (a) The individual defendants identified below
served, at all times material to the claims set forth herein, as
senior officers and/or directors of Tee-Comm in the positions set
forth opposite their names (the "Individual Defendants"):
Name Position
---- --------
Al Bahnman Chairman and CEO of Tee-Comm
James Wilkinson Chief Financial Officer of
Tee-Comm
Murray Klippenstein President and CEO of AlphaStar
[until March 5, 1997]
Dave Charles President and CEO of AlphaStar
- 3 -
--




To: Randy berg who wrote (23)1/22/2000 2:17:00 PM
From: StockDung  Respond to of 51
 
DYNATECH CORP CRAGUN BRYANT D, DIRECTOR No. of Reported Holdings: 384,219

Detail Record No. 1
Information America Database: STOCK OWNERSHIP
Information Current: through 04-30-1999
Last Updated: 05-03-1999 (Updated on a WEEKLY basis)
Filed: INVESTNET

Issuer's Name: DYNATECH CORP.
Ticker Symbol: H.DYT
CUSIP Number: 268138
Form Description: STOCK
Name: CRAGUN BRYANT D, DIRECTOR
Name Type: Shareholder Name/Affiliation
12-24-1984
No. of Reported Holdings: 384,219
UNREPORTED PRICE
384,219
Transaction ID Number: 07778046
Security Ownership Type: DIRECT - SHARES HELD BY SELF OR JOINTLY WITH SPOUSE, FAMILY, ETC.
Transaction: INITIAL STATEMENT OF OWNERSHIP
COMMON SHARES





To: Randy berg who wrote (23)1/24/2000 6:46:00 PM
From: StockDung  Respond to of 51
 
Come visit the fraudulent pictures of Chequemate


Ziasun sites.netscape.net

This is allow others to see the papers I have relating to Ziasun and especially the Ziasun "8"
I thought some may be intersted in seeing the nice work done for Titan by New Age
Statements have been made that Amber Capital and Amber Securities are not related and that may well be the case now. However publications freely circulated by Amber suggest that they were very connected at one time.
As time permits I do hope to scan and add more but we will see what we will see
Titan Corporate Profile
Amber
Chequemate
Raging Bull Ziasun
Silicon Investor Ziasun




To: Randy berg who wrote (23)1/25/2000 6:49:00 PM
From: StockDung  Respond to of 51
 
fortunecity.com



To: Randy berg who wrote (23)1/27/2000 3:12:00 PM
From: StockDung  Respond to of 51
 
C-3D Digital Board of Directors Approves Reverse Stock Split
1/27/0 14:54 (New York)

Business/Technology Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 27, 2000--Chequemate
International Inc. (AMEX:DDD), doing business as C-3D Digital Inc.,
the world's first 3D television network and 3D Internet media company
announced that its Board of Directors approved a 1-for-4 reverse stock
split of the Company's common stock.
The date on which the reverse stock split shares will be
reflected on the American Stock Exchange (AMEX:DDD) is February 2,
2000.
C-3D Digital Chairman and Chief Executive Officer J. Michael
Heil, "Our business has now matured to a point where we have received
considerable interest from institutional investors inquiring about the
possibility of adding the Company's shares to their portfolios.
Through this reverse split, our stock will be priced in a range that
allows us to begin to attract quality institutions. Because certain
institutional investors have internal policies preventing the purchase
of low-priced stocks and many brokerage houses do not permit
low-priced stocks to be used as collateral for margin accounts, the
split should also generate additional liquidity for our loyal
shareholders."
C-3D Digital is a leading 3D media company that provides
broadcasting and entertainment companies the ability to deliver 3D
entertainment to any standard television 24 hours a day. As a leading
innovator of 3D-entertainment technology, C-3D Digital is the first
television network to offer 3D programming exclusively to satellite
and cable television subscribers. Additionally, the company operates
an Internet subsidiary company, 3D.COM. C-3D Digital maintains offices
in the Los Angeles, California; St. George, Utah; and Phoenix, Arizona
areas.

This news release may contain forward-looking statements made
pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. While these statements are made to
convey to the public the Company's progress, business opportunities,
and growth prospects, readers are cautioned that such forward-looking
statements represent management's opinion. While management believes
such representation to be true and accurate based on the information
available to the Company, actual results may differ materially from
those described. The Company's operations and business prospects are
always subject to risk and uncertainties. Important factors that may
cause actual results to differ are set forth in C-3D Digital's
periodic filings with the U.S. Securities and Exchange Commission.

See also www.nfnonline.com/ddd

--30--dp/bos*

CONTACT: National Financial Network
Geoffrey Eiten, Investor Relations
781-444-6100 ext. 13
800-344-1288
geiten@otcfn.com
or
C-3D Digital
Gwendolyn Oliver, Director of Marketing
310-305-8272
investors@3d.com
www.3d.com

KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT TELEVISION/RADIO CABLE INTERNET

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com



To: Randy berg who wrote (23)1/28/2000 1:12:00 PM
From: StockDung  Respond to of 51
 
Less is More?
Reverse stock splits can shore up a stock's price,
but it often signals caution.

By Lynn N. Duke, Staff Writer

Stock splits. Most investors are familiar with the traditional two-for-one split, when they watch their brokerage accounts grow fatter with shares, even while their overall stake in the company remains the same. But many investors may not be familiar with the stock split's cousin, the reverse split, which is often engineered to boost share price and gain a foothold on some of Wall Street's more legitimate turf.

Reverse splits have gained some attention lately, since the NASDAQ tightened its listing requirements to include a minimum bid price and a minimum market value for a company's public float.

Between Jan. 1 and June 30, 64 companies have recorded reverse splits. Some, inevitably, are using it as a tool to maintain a Nasdaq listing. NASD officials said several hundred companies have been notified of de-listing since the new rules went into effect Feb. 28. But the agency has no hard numbers on exactly how many are trying to save their listing through a reverse split. Other companies split stock backward in an attempt to gain a wider audience, figuring a better listing and stronger market value will follow.

First, let's explain both splits: The most common is a forward split, when a company increases the number of shares outstanding and lowers the share price. For example, company X has 10 million shares outstanding at $100 per share. After a 2-for-1 split, the company will have 20 million shares outstanding, each worth $50 per share. Investors are not immediately affected, since someone who owned 10 shares at $100 apiece now owns 20 shares, each worth $50. But market mentality usually considers a split a sign of strength, and share prices tend to rise after the split.

In contrast, a reverse split increases a stock's price while depleting the number of shares outstanding. A company with 10 million shares outstanding at $1.00 per share that conducts a 1-for-10 reverse split will have 1 million shares outstanding each valued at $10 when the split is complete. Again, the market cap is the same, and an investor's stake is still the same. Someone who owned 100 shares at $1.00 per share now owns 10 shares worth $10 apiece.

Interestingly, both forward and reverse splits seek the same effect, but for different reasons. A company splitting its stock to lower the price hopes to attract more investors by making its shares more affordable to a larger audience. Conversely, companies who reverse split are hoping to attract more investors, particularly institutional investors, by increasing share price. A higher price, it's hoped, will make the stock seem more attractive 0to analysts and investors.

That's the main reason Integra Life Sciences performed a reverse 1-for-2 split this spring. The company wanted to raise its profile, according to Stewart Essig, Integra's president and CEO and a former investment banker with Goldman Sachs. "Research analysts said they wouldn't pick it up under $5," Essig said. Brokers shy away from penny stocks as well. "Nobody wants to ride it at such a high commission structure. There were too many shares outstanding. This makes it attractive to more investors at an appropriate price."

Before the split, Integra was trading in the $3.50 range, but has held steady in the low to mid $7 bracket since splitting May 22.

"With a reverse split, you know there's going to be short term pressure on the stock," Essig said. "It's almost the inverse of when people do (forward) splits. People tend to think that signals strength and you see the stock run up a little bit. So they tend to think a reverse split signals weakness."

In fact, a glance at stocks that have recorded reverse splits in the first six months of this year shows they have not fared well. Of the 64 stocks reviewed by Stock Detective, 50 have lost ground compared to their pre-split price when that price is adjusted for the split. On average, the 64 stocks have declined 19 percent. Take out a couple of big gainers - stocks that have increased 200 and even 500% - and the average loss increases to 30 percent. Considered on their own, losing stocks average a 42 percent decline, while the 13 gainers increased an average of 71 percent. One stock had no change. But take out the big players again, and the average gain is 18 percent, right in line with the overall average.

Essig admits most investors don't like reverse splits and companies run the risk of destroying credibility while shoring up share prices. "People worry about, 'is this the last reverse?' You don't want people to think they'll become systemic. We won't do another because we don't need to. People don't want to think you're only focusing on financial shenanigans."

Jeff Hooke shares Essig's enthusiasm for reverse splits as a way to build credibility. "A number of exchanges don't like listing stocks under $5," said Hooke, a former investment banker and author of "Security Analysis on Wall Street."

"If you can get a better listing on more exchanges, you'll get better market making, and you're more likely to get research coverage, which is very, very important," Hooke said.

But others view reverse splits with disdain and say they are the mark of weakness and often a last gasp for a floundering company.

"I always take a jaundiced view of reverse splits," said Michael Farr, president of Farr, Miller & Washington, an investment management firm in Washington, D.C. "Typically it indicates that management is frustrated and unable to accomplish with the market what they feel they should be able to accomplish."

Farr said the Pink Sheets (more commonly known as the Over-The-Counter Bulletin Board) serve a purpose, and trying to wiggle off of them through a reverse split is cutting corners. "Stocks that have found themselves on the Pink Sheets, are on the Pink Sheets for a reason," Farr said. "Companies and management that are going to make a profit and develop year after year aren't going to be on the Pink Sheets for long."

But even Farr says there are times when a reverse split is justified. "If you are a small cap company with no following, and you can raise your exposure by moving from the Pink Sheets to the NASDAQ, if you find yourself struggling with strong earnings fundamentals, then it makes sense," Farr said.

Send the StockDetective some Feedback



To: Randy berg who wrote (23)1/28/2000 1:47:00 PM
From: StockDung  Respond to of 51
 
NOTE 12 - GOING CONCERN

The Company's financial statements are prepared using generally
accepted accounting principles applicable to a going concern which
contemplates the realization of assets and liquidation of
liabilities in the normal course of business. The Company has
incurred losses from its inception through June 30, 1999. The
Company does not have an established source of revenues sufficient
to cover its operating costs. It is the intent of the Company to
seek additional financing through private placements of its common
stock.

Management has formulated a plan to raise additional funding
through stock issuances and increase in debt. In addition, the
Company's projected increase in revenue from the establishment of
its three dimensional cable channel will provide sufficient
capital for operations.

15



To: Randy berg who wrote (23)1/28/2000 3:19:00 PM
From: StockDung  Respond to of 51
 
Concider the source, $5,000 a month to expenses for preparation and distribution of materials, including this report, paid for in cash.

nfnonline.com

DISCLAIMER (back to top)
This is a publication of National Financial Network, a financial communications and investor relations company. National Financial Network, a division of National Financial Communications Corporation serves as special advisor to the featured Company and has received fees for services, including a monthly base fee of five thousand dollars in addition to expenses for preparation and distribution of materials, including this report, paid for in cash. This is not an offer to buy or sell securities. Information or opinions in this report are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Companies mentioned herein may carry a high investment risk; readers should carefully review the companies thoroughly with their registered investment advisor or registered stockbroker. The analysis contained herein does not purport to be a complete study of the featured Company or other companies mentioned. Information used and statements of fact have been obtained from the featured Company and other sources, but not verified nor guaranteed by National Financial Network as to completeness or accuracy. Such information is subject to change without notice. Opinions stated herein may be solely National Financial Network's or the indicated sources, and not necessarily those of the featured Company. Officers, directors, and employees of National Financial Network and financial analysts mentioned, and members of their families may hold a position and may from time to time trade in these securities for their own accounts. Specific information in this regard will be furnished upon request. Trademarks are the property of their respective owners. © 1999 National Financial Network. All rights reserved. Duplication of this report without the expressed written permission of National Financial Network is strictly prohibited. To be placed on National Financial Network's mailing list, call: 781-444-6100 or see www.nfnonline.com.



To: Randy berg who wrote (23)1/28/2000 3:20:00 PM
From: StockDung  Read Replies (1) | Respond to of 51
 
Randy, why the lies on access1 Financial? Didn't they tell you not to lie in the boiler room rope-a-dope school?

To: Jack Hartmann (22 )
From: Randy berg Wednesday, Jan 19 2000 2:25PM ET
Reply # of 32

Jack-----Good Morning..I invest for a living and am pretty good at it...I have had DDD for a bit now, and I did add to my position today as I understand that Access 1 Financial will be putting out a buy rec on this issue shortly..If I can help anyone please feel free to e-mail myself at RBERG02054@AOL.COM..........Hope everyone is having a good week in the market...smallcappro........