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Technology Stocks : Viisage Technology (VISG) -- Ignore unavailable to you. Want to Upgrade?


To: afrayem onigwecher who wrote (239)11/1/2001 9:14:20 AM
From: StockDung  Read Replies (2) | Respond to of 536
 
To:afrayem onigwecher who started this subject
From: John Reed Stark Friday, Jun 11, 1999 10:17 AM
View Replies (8) | Respond to of 1419

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 (239)11/1/2001 9:48:27 AM
From: StockDung  Read Replies (2) | Respond to of 536
 
So how is the cartel making out today?

Winehouse's Alleged Scheme

tourolaw.edu

The complaint alleges that defendant Isaac Winehouse, doing business as Wall & Broad Equities, organized a "cartel" to purchase a percentage of the Nu-Tech convertible preferred in the names of nominees. He then allegedly arranged for a number of securities firms to become market makers in Nu-Tech common stock and proceeded to sell the common short, allegedly to drive the price of the common stock down.

The Dealings Among Nu-Tech, Winehouse and Plaintiff

Plaintiff Mordechai Gurary purchased 1,000 shares of Nu-Tech common on October 31, 1996 and another 5,500 shares on November 7, 1996 at $14.60 and $15.50 per share, respectively. In or about December 1996, the stock price began to decline. A concerned Gurary spoke to J. Marvin Feigenbaum, chairman of Nu-Tech. Feigenbaum told him that he had spoken to Winehouse and threatened that Nu-Tech would refuse to register the common stock into which the preferred was convertible unless Winehouse and his group stopped shorting the common. He predicted that this threat would convince Winehouse to stop shorting the stock because a refusal to register the common issued upon conversion would force Winehouse to cover his short position by purchasing Nu-Tech common in the open market, perhaps at higher prices. Gurary, evidently comforted, then purchased another 1,000 shares on December 24, 1996 at a price of $11.75 per share.

Gurary claims subsequently to have learned that Winehouse and his associates had continued to short the stock using nominee names, having arranged to "borrow" an unlimited number of shares for that purpose from market makers. On February 18, 1997, Gurary again spoke to Feigenbaum, who told him that he had met that day with Winehouse and others in another attempt to stop the short selling. Feigenbaum told Gurary that Nu-Tech had offered to repurchase the group's preferred shares at cost plus ten percent and to allow it to keep its existing profits from the short sales if the group would stop its activities but that Winehouse had refused. Feigenbaum, however, told Gurary that Nu-Tech would not give in to Winehouse and would refuse to register the short sellers' shares. Later that day, Gurary bought another 8,350 shares of Nu-Tech common at a price of $11.57.

On March 12, 1997, Feigenbaum and another Nu-Tech board member met again with Winehouse and asked that Winehouse and his group accept registration of the common stock into which their preferred was convertible over a period of twelve months rather than insisting that it be registered immediately. Winehouse again refused and said that he would continue to sell short.

Nu-Tech common stock dropped approximately $6 per share over the next two days. On March 14, 1997, the company issued a press release which stated that the price decline could be attributed to "possible sales by shareholders." No mention was made of the discussions between Nu-Tech and Winehouse, allegedly to avoid disrupting Nu-Tech's efforts to acquire Physicians Clinical Laboratory, Inc. ("PCL") out of bankruptcy.

A few days later, Gurary was approached through an intermediary and spoke with Winehouse, who allegedly admitted to him that he deliberately had shorted the stock to drive the price down, said that he intended to continue, and advised Gurary to sell his shares because the price would drop to "a dollar."



To: afrayem onigwecher who wrote (239)11/22/2001 1:04:54 AM
From: Sir Auric Goldfinger  Read Replies (2) | Respond to of 536
 
THE FOLLOWING IS AN ANNOUNCEMENT MADE BY THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 34-41638 / November 22, 2001

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 Visage Technology, Inc. ("Visage") of Las Vegas, Nevada, at 9:30 a.m. on November 20 EDT and terminating
at 11:59 p.m. on December 3, 2001 EDT.

The Commission temporarily suspended trading in the securities of Visage because of questions regarding the
accuracy of public statements by Uniprime to investors concerning, among other things, a product developed by a
subsidiary for Isaac Winehouse stock fraud.

The Commission cautions brokers-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 they have
complied with the rule, they 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, they should refrain from entering quotations relating to Visage securities until such time as they have
familiarized themselves with the rule and are certain that all of its provisions have been met. If any broker or dealer
enters any quotation that 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 relate to this matter, Dorothy Heyl of the
Northeast Regional Office of the Securities and Exchange Commission should be telephoned at (212) 748-8213.

THE FOLLOWING IS AN UNOFFICIAL COPY OF THE ORDER OF SUSPENSION.

UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
November 22, 2001

Visage technology
ORDER OF SUSPENSION OF TRADING
File No. 500-1

It appears to the Securities and Exchange Commission that there is a lack of current and accurate information
concerning the securities of Isaac WInehouse

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 spanked for the next 10 days

By the Commission.

/S
Frau Winehouse, Mother of all halts
Secretary
[Please note that the stocks touted by Isaac Winehouse have been halted by the SEC more than any other tout on SI or otherwise. Had this been a real SEC halt, you would have lost all you money in this stupid POS stock, just like all the others that Isaac touts. Consider yourself lucky as VISG has not actually been halted, but if you follow the advice of Isaac Winhouse, your chances of owning a halted stock are the highest possible.]