"7/12/2002 - NPCT - NanoPierce Technologies Update"
Dear Investor to Investor readers:
There has been a great deal going on behind the scenes with NanoPierce. Paul Metzinger is returning today from a trip to Hong Kong and Singapore, July 4-12, 2002, where he met with prospective investors which have expressed some interest in the company both for financing and for investment purposes. I have heard indirectly that the meetings went well, but I have no particulars at this time.
NanoPierce will be represented at SEMICON West next week and will have a significant presence at IMAPS 2002 in September.
July 17 –– 19, 2002 SEMICON West
San Jose Convention Center
San José Hilton, Room No. 826
San Jose, California - USA
www.semi.org/semiconwest
IMAPS 2002 “Microelectronics Goldrush”
Denver, Colorado
Colorado Convention Center
September 4-6, 2002
NanoPierce Booth #717
Exhibitors List: imaps.org
Advance Technical Program
Wednesday, September 4, 2002
WP2
Packaging Materials
Chairs: Herbert J. Neuhaus, NanoPierce Connection Systems, Inc.; Michael E. Wernle, NanoPierce Card Technologies, GmbH
2:30 pm - 5:30 pm
This session presents cutting-edge developments at the intersection of the two most dynamic areas of packaging. Previously wafer-level packaging and lead-free solders have been generally considered separately. Now, as these emerging areas mature, their interactions come to the fore as critical issues for study.
Thursday, September 5, 2002
THP6
Interactive Forum (Poster Session)
1 PM –– 4 PM
Design and Reliability Study for Flip Chip Applications on Ultra-Thin Flexible Substrates Using NanoPierce Connection System Technology
Bin Zou, M. Kober, F. Blum, S. Mieslinger, L. Gaherty, W. Steinberg, B.Bahn, M. Wernle, H. Neuhaus, NanoPierce Technologies, Inc.
imaps.org
There is a message on the IMAPS web site that is signed by NanoPierce’s own Bin Zou as follows:
Why Should You Attend the IMAPS 2002 PDCs?
Do you want to broaden and strengthen your skills and knowledge, optimize your manufacturing processes, and integrate the latest advances in materials and technologies to maintain your strength in today’s competitive global market? The Technical Committee of IMAPS is pleased to present a comprehensive offering of professional development courses that provide detailed information on topics of immediate interest to the Microelectronics and Packaging community. So please be sure to choose from the fifteen full day and two half-day in-depth technical workshops taught by recognized industry experts. You will discover the following key ways you will benefit……
Better understand the industry’s fundamental skills and knowledge.
Be exposed to the rapid expanding developments in new materials and technologies.
Consult with renowned authorities about your current R&D or manufacturing problems and challenges.
Learn new ways to identify, think about, and address your problems and opportunities.
Great opportunities to interact with industry experts and other course attendees.
Certificate of Attendance and much more……
See you in Denver!
Bin Zou, Nanopierce Technologies
PDC Chair
imaps.org
There is a link to NanoPierce on the web site of the Die Products Consortium under:
Nanopierce Technologies develops connection technology for microelectronics
dieproduct.com
The Die Products Consortium (DPC) is a collaborative effort among a group of leading microelectronics companies to enlarge the markets for die products worldwide. Member companies of the DPC currently include Agere Systems, Agilent Technologies, Amkor Technology, Analog Devices Inc., Chip Supply, IBM, Intel, LSI Logic, National Semiconductor Corp., Tempo Electronics and Texas Instruments. The DPC is dedicated to providing timely, informative and thought-provoking information about insertion of die products into electronic systems.
The DPC is an independent outgrowth of a close working relationship between two US consortia, MCC and Sematech, to develop technical solutions and business strategies for promoting the die products industry. The joint efforts of these consortia have included projects to develop hot chuck probing, bare die carrier analysis and evaluations for test and burn-in of KGD, shipping media evaluations, reports and recommended standards, cost modeling and analysis, with a focus on proactive international cooperation and information sharing. The DPC became an independent organization in 2000.
The DPC is open to new members on a selection basis. Member companies participate in a governing board, that directs the activities of the Consortium. Dynalog Systems, Inc. provides administration for the Consortium. The consortium fiscal year begins on March 15 each year. The fee for 2002 is $12,500. The DPC holds quarterly meetings and monthly teleconferences to share information and determine progress on projects and tasks. For more information on the DPC, please contact us.
dieproduct.com
Check out the member list:
dieproduct.com
I have not until now put any information about Mark Valentine and Thomson Kernaghan and their recent woes in the Investor to Investor newsletter, but I think this article caps the situation nicely. In my opinion, this will go a long way toward helping NanoPierce’s attorneys in their lawsuit against Thomson Kernaghan and Mark Valentine. I have been told there is no worry from the attorneys about their ability to collect a judgment against these parties as it is probable that a lot of the money has been hidden in the Cayman Islands. In case you are not aware of the it, the Cayman Islands has recently signed an agreement to cooperate in opening banking records to the United States in criminal investigations, so there is a good chance that NanoPierce would still be able to collect on any judgment that might be received from the courts. Also, there are still other defendants in the case that have not had their assets frozen who could still be held liable for the entire judgment in the event that one is given in this case.
VALENTINE'S PATH OF DESTRUCTION CONTINUES WITH THE
DEMISE OF TK
IDA suspends Kernaghan
Client accounts frozen as capital runs out
By RICHARD BLACKWELL
Globe and Mail (hard copy)
Friday, July 12, 2002 –– Page B3
Thomson Kernaghan & Co. Ltd. has been suspended by the
Investment Dealers Association of Canada, effectively
stopping the transfer of client accounts from the
Toronto brokerage to other firms.
The IDA said late yesterday that it stepped in to halt
operations at Thomson Kernaghan, which is in the process
of winding down, when compliance monitoring revealed
that the brokerage had run out of capital.
In addition, the IDA found that "the firm didn't have
sufficient cash on hand to ensure that securities
transactions could be completed promptly and
effectively," said IDA senior vice-president Paul
Bourque.
While many accounts have already been transferred to
other brokerages, thousands are still held at Thomson
Kernaghan. The Canadian Investor Protection Fund will
now get involved in the situation, Mr. Bourque said, and
will ensure that clients whose accounts are frozen will
get compensation.
The CIPF is an industry-sponsored insurance fund that
covers customer losses when a brokerage fails. It covers
up to $1-million in each account.
The IDA yesterday ordered Thomson Kernaghan to cease
dealing with the public and said the firm has to appear
at a hearing of the IDA district counsel within 15 days.
Mr. Bourque said the IDA was aware that Thomson
Kernaghan was trying to wind down and transfer accounts
out, and it was monitoring the firm to make sure that
client accounts were safe. "Once we determined that
there was insufficient cash to make that transfer
effective and timely, we intervened," he said.
The IDA didn't want a situation where "some clients had
their accounts transferred and others were sitting at
the firm in positions where they couldn't be transferred
because no firm would accept them."
He said he expects the CIPF will now work to ensure
an "orderly wind-down" of what's left of the firm, and
compensate people whose accounts are stuck there.
In January, Thomson Kernaghan signed an agreement to
merge with another Toronto brokerage, Research Capital
Corp. That deal collapsed in mid-June when the Ontario
Securities Commission imposed a cease-trade order on
Thomson Kernaghan chairman Mark Valentine after he was
suspended by the firm.
The OSC followed up with allegations that Mr. Valentine
had created "a culture of conflict and non-compliance"
at the firm through a variety of intricate investments
and financings.
In the past few weeks many brokers have left Thomson
Kernaghan and many clients transferred to other brokers,
including some to Research Capital.
No one at Thomson Kernaghan or Research Capital could be
reached for comment yesterday.
globeandmail.com
If you are interested in reading more on the winding down of Thomson Kernaghan and the Mark Valentine investigation, there is a lot more information to be found on i2i and there is also some extensive information about Anthony Elgindy, a notorious shortseller who, I believe was shorting NanoPierce’s stock along with Mark Valentine et al. Both of these people are now under investigation for their activities and Elgindy is in jail:
The Psychology of Fear thread:
investortoinvestor.com
The RB Slander thread has information on both of them and also on Mary who may be in league with one or both of them: investortoinvestor.com
There is also more information on the Legal Documents thread at:
investortoinvestor.com
Some information has also been posted to the NanoPierce thread at:
investortoinvestor.com
It looks like the attorneys for NanoPierce have filed their fee certification in the Louis DiFrancesco case. If this is the case then Louis will have to pay by a certain date or be held in contempt of court. The two NanoPierce legal cases are getting stronger every day, personally, I believe that NanoPierce will win both cases.
That’s all I have for now.
Kathy Knight-McConnell
Investor to Investor
investortoinvestor.com
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