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

To: Roy F who wrote (4778)	2/23/2002 10:31:49 AM
From: StockDung	Read Replies (1) \| Respond to of 6847

Is anyone else excited about increasing the amount of shares from 80,000,000 to 200,000,000?

To: Roy F who wrote (4778)	2/25/2002 4:32:35 PM
From: StockDung	Respond to of 6847

SEC SUES CHRISTINA SKOUSEN FOR WRITING FALSE ANALYST REPORTS On February 22, the Commission filed a federal court action againstCalifornia resident Christina Skousen, individually and doing businessas CSK Securities Research.The Commission's complaint alleged that between May 1999 and December2000, Skousen, a self-styled "analyst," wrote fraudulent researchreports touting eight microcap companies. Skousen's reports for sevenof the companies contained false and misleading revenue, income andearnings. The revenue projections exceeded the companies' most recentlyreported revenue figures by as much as 260,913%, and exceeded thecompanies' most recently reported income figures by as much as 30,089%.Skousen's reports additionally failed to disclose that six of thecompanies required significant additional financing, which was notassured, to implement their business plans or continue in operation.Skousen's reports for the same seven companies also contained arbitraryprojected stock prices, which exceeded the companies' current stockprices by as much as 18,650%. Skousen, who typically was paid in cashfor all of the reports, failed to disclose her receipt of compensationin two instances where she personally published the reports.The Commission's complaint alleges that Skousen violated Section 17(b)of the Securities Act of 1933, Section 10(b) of the Securities ExchangeAct of 1934 and Rule 10b-5 thereunder. The complaint seeks aninjunction against Skousen and disgorgement of $30,000 and prejudgmentinterest and third-tier civil penalties. Without admitting or denyingthe Commission's allegations, Skousen has consented to the entry of anorder that would enjoin her from future violations of the foregoingprovisions and directing her to pay disgorgement and prejudgmentinterest. Under the proposed order, Skousen would not be required topay disgorgement or civil penalties based on her demonstrated inabilityto pay. [SEC v. Christina Skousen, Civ. Action No. C02-894 VRW (USDC,N.D. Cal.)] (LR-17379)