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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (4663)	11/15/2001 6:34:46 AM
From: Roy F	Respond to of 6847

messages.yahoo.com

To: Roy F who wrote (4663)	11/15/2001 8:47:22 AM
From: StockDung	Respond to of 6847

Roy Roy Roy, its never been because of the "potential" Ever since its IPO with underwriter Kensington Wells its been the sale of stock. Fraudulent promoters and fraudulent buy reports some of which known criminals where behind has always been xybr's "potential" followed by the customary run of worthless PR's issued to hype the stock which usually occurs when offshore reg. "S" stock becomes free trading. Get with the program!!

To: Roy F who wrote (4663)	11/15/2001 8:52:41 AM
From: StockDung	Read Replies (1) \| Respond to of 6847

BTW Roy, speaking of XYBR's IPO underwriter I was wondering if Michael Newman was related? Kensington Wells, Inc. In a separate complaint, NASD Regulation charged 12 former brokers of the now defunct Long Island brokerage firm Kensington Wells, Inc. with a wide range of sales practice abuses. The complaint alleges that the 12 brokers, who were based at Kensington Wells’ Mineola, NY headquarters, participated in or facilitated a boiler room operation through a series of fraudulent sales practices and other misconduct from April 1994 through October 1996. Named in the complaint are: Joel Grant, Steven Orandello, James McInerney, Steven Stecklow, Victor Difrisco, Steven Jaross, Edwin Lawrence, Kevin Loomis, Edward Stock, Craig Redding, Gary Redding, and Michael Newman. According to the complaint, the sales practice violations occurred in connection with Kensington Wells’ underwriting of the IPOs of Xechem International, Inc.; Universal Automotive Inc.; and VideoLan Technologies, Inc. The brokers are alleged to have engaged in unauthorized trading; baseless or improper price predictions; making improper comparisons to other stocks; tying the purchase of IPOs to a commitment to buy stock in the aftermarket; guaranteeing customers against loss; promising to make up losses with new trades; and refusing to execute or aggressively discouraging orders to sell stocks, immediately before and after the IPOs. At least 60 investors were victimized through fraudulent practices, the complaint said. Both complaints demand that the respondents forfeit the profits that were illegally obtained and make restitution to defrauded investors. The complaint does not allege any wrongdoing on the part of the issuers. The issuance of a disciplinary complaint represents the initiation of a formal proceeding by the NASD in which findings as to the allegations in the complaint have not been made and does not represent a decision as to any of the allegations contained in the complaint. Because this complaint is unadjudicated, you may wish to contact the respondents before drawing any conclusion regarding the allegations in the complaint. Under NASD rules, the individuals and the firms named in the complaint can file a response and request a hearing before an NASD Regulation disciplinary panel. Possible sanctions include a fine, suspension, bar, or expulsion from the NASD. NASD Regulation oversees all U.S. stockbrokers and brokerage firms. NASD Regulation, and The Nasdaq Stock Market, Inc., are subsidiaries of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry self-regulatory organization in the United States. For more information on NASD Regulation, visit its Web Site (www.nasdr.com).