Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ESXS: Essxsport Corp. -- Ignore unavailable to you. Want to Upgrade?

To: esxsceo who wrote (60)	3/16/2000 9:54:00 PM
From: jhild	Read Replies (2) \| Respond to of 79

So Bruce why is it that you won't give out any pricing information on the shares of your private placement? Is this because you hope to get whatever the market will bear from any investor that calls? It is easier for Southland to set the price if there is no posted offering price? Does that mean that different investors will pay different prices for the same offering? Isn't it true that you must disclose the offering price on the Form D that you must file with the SEC? Has that Form D been filed as yet? You must do so within 30 days of selling shares I believe.

To: esxsceo who wrote (60)	3/17/2000 2:44:00 PM
From: jhild	Respond to of 79

Well Bruce, I see now that you have filed for a 504 Exemption with a Form D back on February 18. I'm glad to see that you are keeping up to date with that filing. I am a bit curious though why you didn't mention it more before now. Don't you think that is material to your activities? That document number is 21F-11079-98 in the SEC files. I continue to wonder about that delay with filing Form 10. I continue to hope for your sake that it is not the beginning of some pattern of avoiding disclosure. You must know that I do not like that.

To: esxsceo who wrote (60)	3/19/2000 2:07:00 AM
From: jhild	Respond to of 79

You have me curious about what your process is with the private placement. You say you are handling it. But an accredited investor has to call Harry Ledbetter to get a quote on the stock? Who physically owns the shares being sold? ESXS or Southland? It is my understanding that shares sold in a 504 come from the company and are not sold to MM's for resale. If a quote is needed just where does this quote come from? ESXS is not currently being quoted on the pink sheets that I can find. Nor am I aware that there is a market in any freely trading shares of ESXS either. Accredited investors are supposed to be sophisticated, but how is it that you or Harry can set any price at all, much less come up with a discounted price to account for the restrictions on the stock that you may be offering. So am I to assume that you are trying to get investors to buy shares in a venture, restricted shares at that, of a stock that is itself not freely trading. Don't you think sophisticated investors will balk at buying shares in something that they may never be able to sell?

To: esxsceo who wrote (60)	3/21/2000 1:48:00 AM
From: jhild	Respond to of 79

Here's the NASDR record for Harry Ledbetter: HARRY LAUGHLIN LEDBETTER / CRD# 1933089 Current Employment Employing Firm: SOUTHLAND SECURITIES CORPORATION Firm CRD Number: 40693 Office of Employment Address: FT WORTH, Texas 76119 Start Date: 03/24/1998 End Date: to present Employing Firm: SOUTHLAND SECURITIES CORP Firm CRD Number: Office of Employment Address: FORT WORTH Start Date: 03/01/1998 End Date: to present Employing Firm: AUSTEX ENERGY, INC. [Austex Energy, Granberry, TX] Firm CRD Number: Office of Employment Address: FORT WORTH Start Date: 01/01/1989 End Date: to present PAST EMPLOYMENT Employing Firm: CROSSLANDS ENERGY INC Firm CRD Number: Office of Employment Address: FT WORTH Start Date: 07/01/1997 End Date: 04/01/1998 Employing Firm: NATURAL RESOURCE ANALYSTS Firm CRD Number: Office of Employment Address: FORT WORTH Start Date: 02/01/1996 End Date: 11/01/1996 Employing Firm: T.L. GROUP, INC. Firm CRD Number: 22097 Office of Employment Address: FORT WORTH 76116 Start Date: 06/18/1995 End Date: 06/12/1997 Employing Firm: T.L. SMITH SECURITIES [This firm is not currently registered with the NASD.] Firm CRD Number: 17978 Office of Employment Address: FORT WORTH 76102 Start Date: 11/26/1993 End Date: 09/20/1995 Employing Firm: TARRANT COUNTY MENTAL HEALTH-MENTAL RETA[RDATION] Firm CRD Number: Office of Employment Address: FT WORTH Start Date: 12/01/1991 End Date: 07/01/1995 Employing Firm: T.L. SMITH SECURITIES [This firm is not currently registered with the NASD.] Firm CRD Number: 17978 Office of Employment Address: FORT WORTH 76102 Start Date: 07/02/1990 End Date: 12/18/1991 Employing Firm: V.F. MINTON SECURITIES, INC. [This firm is not currently registered with the NASD.] Firm CRD Number: 20642 Office of Employment Address: FORT WORTH 76102 Start Date: 03/01/1989 End Date: 06/01/1990 Employing Firm: CHURCHILL EXPLORATION, INC. Firm CRD Number: Office of Employment Address: FORT WORTH Start Date: 06/01/1985 End Date: 06/01/1990

To: esxsceo who wrote (60)	3/22/2000 12:28:00 AM
From: jhild	Respond to of 79

I note in Harry Ledbetter's past experience that he has listed the T. L. Group in Fort Worth. In doing a search I find that T L Group has had some disciplinary experience with the NASDR. Indeed the NASDR's record on T.L. Group, CRD# 22097, shows: NASD Broker Dealer Suspended 06/11/1998 So that means that three of the companies Harry Ledbetter worked at are no longer registered to be broker dealers. (TL Group, TL Smith, and VF Minton) Is this just a string of bad luck you think? Firms Whose Registrations Were Suspended Pursuant To NASD Rule 9622 For Failure To Pay Arbitration Award Andover Securities Inc., Kansas City, Missouri (June 17, 1998) Bishop Allen, Inc., New York, New York (June 4, 1998) Euro-Atlantic Securities, Inc., Boca Raton, Florida (June 1, 1998) First Cambridge Securities Corp., New York, New York (June 4, 1998) Global Strategies, Inc., New York, New York (June 12, 1998) Greenway Capital Corp., n/k/a Cortlandt Capital Corp., New York, New York (June 4, 1998) LaCroix Alexander Financial Corp., Newport Beach, California (May 26, 1998) Meyers Pollock Robbins, Inc., New York, New York (June 11, 1998) State Street Capital Markets Corp., New York, New York (June 1, 1998) Sterling Foster & Company, Inc., Uniondale, New York (June 17, 1998) T.L. Group, Inc., Fort Worth, Texas (June 11, 1998) nasdr.com PS: This is quite some list of companies that they are on too. I recognize some of them from reading articles in BusinessWEEK about The Mob on Wall Street. The article on The Mob on Wall Street: siliconinvestor.com siliconinvestor.com

To: esxsceo who wrote (60)	3/22/2000 1:16:00 AM
From: jhild	Respond to of 79

Here is a case that links T.L Group to Stone Asset Management. In August 1995, Ruge took over the leadership of the IIGR manipulation scheme from Wolff. Ruge continued to pay bribes to the Symons Financial brokers through Wolff and, in addition, paid bribes to Stone for sales of IIGR stock to Stone's retail customers. At that time, Stone was operating Stone Asset Management, Inc. in Dallas, Texas, as a branch operation of T.L. Group, Ltd., a registered broker-dealer. sec.gov The interesting thing to me is the involvement in this citation of a Richard Wolff. Having looked into PABN, it is interesting that there is a Wolff Investment Group involved with one of PABN's divisions. Possibly a connection? Also of note further down is the mention of John Fasano who has been linked in NV with AZNT. But these are two entirely different tales not really relevant here. Btw, I note that the NASD lists T.L. Group as Inc. But then they refer to them as Ltd. in this litigation release. I think this must have been a typo in the litigation release. T.L. Group Inc. is the only T.L. Group registered as a broker-dealer in their database.

To: esxsceo who wrote (60)	3/22/2000 4:13:00 PM
From: jhild	Respond to of 79

Here's another piece of information that comes from the NASD Public Disclosure Program. This is what they responded with when I requested disclosure on Harry Ledbetter: Associated Person: LEDBETTER, HARRY LAUGHLIN CRD Number: 1933089 SUMMARY INFORMATION 2/06/96 CHAPTER 7 BANKRUPTCY ACTION DATE: 2/6/96; CHAPTER NUMBER: 7; DISPOSITION TYPE: DISCHARGED; DISPOSITION DATE: 5/16/96; COURT NAME: NOT PROVIDED; COURT LOCATION: NOT PROVIDED; DOCKET/CASE NUMBER: 96-40577. lmf Given his location in the Dallas/Fort Worth area I believe this action would have been in the Northern Texas Bankruptcy Courts.