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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?


To: afrayem onigwecher who wrote (2959)4/18/2000 6:50:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 3015
 
Wow, SRCM is now down only a little less than 50% year to date. What a show of relative strength.

chart.yahoo.com

Regards,

Barb



To: afrayem onigwecher who wrote (2959)4/18/2000 10:34:00 PM
From: StockDung  Read Replies (1) | Respond to of 3015
 
I would watch out for Afrayem. This other stock basher on SI seems to follow him where ever he goes.

To: afrayem onigwecher who started this subject
From: John Reed Stark Friday, Jun 11, 1999 10:16 AM ET
Reply # of 1412

THE FOLLOWING IS AN ANNOUNCEMENT MADE BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

June 11, 1999

Net Command Tech, Inc. File No. 500-1

ORDER OF SUSPENSION OF TRADING

It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Net Command Tech, Inc. f/k/a Corsaire, Inc. ("NCT"), an Internet technology company whose common stock is being quoted in the over-the-counter market, because of questions regarding the accuracy and adequacy of publicly available information disseminated by NCT and others to market makers of the stock of NCT, other broker dealers, and to investors concerning, among other things: (1) the purported acquisition by NCT of certain companies' assets and stock and the value of those assets and stock; (2) a $1.5 million line of credit purportedly secured by NCT from a European bank; (3) the revenue generated by an American company purportedly acquired by NCT; and (4) the business success and reputation of NCT's CEO and president.

The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company.

Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the above-listed company is suspended for the period from 9:30 a.m. EDT, on June 11, 1999, through 11:59 p.m. EDT, on June 24, 1999.

By the Commission.

Jonathan G. Katz
Secretary

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 41517 / June 11, 1999

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of over-the-counter trading of the securities of Net Command Tech, Inc. ("NCT"), of New York, New York, at 9:30 a.m. EDT, on June 11, 1999, and terminating at 11:59 p.m. EDT on June 24, 1999.

The Commission temporarily suspended trading in the securities of NCT because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the purported acquisition by NCT of certain companies' assets and stock and the value of those assets and stock, a $1.5 million line of credit purportedly secured by NCT from a European bank, the revenue generated by an American company purportedly acquired by NCT, and the business success and reputation of NCT's CEO and president.

The Commission cautions broker dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.

Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to NCT's securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.

If any broker dealer or other person has any information which may be related to this matter, the Miami, Florida office of the Securities and Exchange Commission should be telephoned at (305) 982-6390.



To: afrayem onigwecher who wrote (2959)12/11/2000 6:32:18 PM
From: Sir Auric Goldfinger  Read Replies (2) | Respond to of 3015
 
SOURCE MEDIA INC filed this DEF 14A on 06/06/2000.
rrant agreement as presently in effect, the last sales price of the Company's common stock must be $20.00 per share or more
for 20 consecutive trading days. The proposed modification would allow the Company to call the warrants for redemption if the
last sales price of the Company's common stock was $13.00 per share or more for ten consecutive trading days. As required by
the warrant agreement, GKN Securities Corp . has consented to the proposed modification. Your consent to this modification
will not affect any other provisions of either the warrant agreement or your warrants or your interest in and to the warrants or in
and to the shares of the Company's common stock issuable upon their exercise. Why the Board believes you should consent to
the proposed modification The warrants are scheduled tenkwizard.com.

oag.state.ny.us
GKN Securities Corp.

In August 1997, NASDR fined GKN Securities Corp. ("GKN") as well as 29 brokers and supervisors $725,000 and ordered them
to repay more than $1.4 million to investors who were overcharged as the result of a two-year-long program of excessive
mark-ups in eight securities. Three of the firm's top officials also received significant fines and suspensions. All of the violations
occurred at GKN's offices in New York City; Stanford, Connecticut; and Boca Raton, Florida.

From December 1993 through April 1996, GKN dominated and controlled the immediate after-market trading in eight securities it
underwrote so that there was no competitive market for them. As a result, GKN was able to charge excessive markups, ranging
from 6 % to as much as 67% over the prevailing market price, in more than 1,500 transactions. At least 90% of these
transactions were fraudulent because the markup exceeded 10%.

As part of the settlement, GKN must pay a $250,000 fine to NASDR, and hire an independent consultant to review the firm's
trading policies and procedures for 18 months.

In separate settlements, 22 brokers were fined from $3,000 to $25,000 each, and suspended. NASDR found that these
individuals were also responsible for overcharging investors because they accepted excessive gross commissions of 10% to
40%.