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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?


To: Tom DuBois who wrote (6283)3/14/2000 10:46:00 AM
From: roy whitt  Read Replies (1) | Respond to of 6297
 
To All:
This is good news, if you read the news release carefully!
<<In turn, Atlas Stock Transfer, relying upon the defendants' guarantees, transferred
the improperly endorsed stock certificates into the public domain to allow the shares
represented by the certificates to be publicly traded.

Prior to filing, the San Francisco Superior Court for the State of California passed
judgment in favor of InnovaCom against Atlas Stock Transfer Inc., its primary stock
transfer agent, for having transferred and issued improperly endorsed stock
certificates to a number of fictitious persons named on the certificates. Atlas has
arrived at a monetary settlement with InnovaCom Inc. and also transferred all rights
to InnovaCom to pursue the defendants identified in this release. >> Innovacomm has already nailed one of the defendants and they have settled and they are going after the rest. You will find the the brokerages will settle very fast with innovacom.