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To: SEC-ond-chance who wrote (80362)9/19/2002 4:59:21 PM
From: StockDung  Respond to of 122087
 
Mass. recommends criminal charges against CSFB

NEW YORK, Sept. 19 (Reuters) -- Massachusetts state securities regulators on Thursday recommended that the New York State Attorney General bring criminal charges against Credit Suisse First Boston over its stock research.

New York Attorney General Eliot Spitzer hasn't decided how to proceed, a spokeswoman said.

"We need to consult with the Massachusetts authorities and review the evidence, so we have not made a decision on whether or not we would move forward with criminal charges," the spokeswoman said.

Massachusetts regulators have been investigating analysts' conflicts of interest at CSFB as part of the multi-state probe into Wall Street analysts. The investigation by Massachusetts Secretary of State William Galvin has focused in part on e-mails showing that CSFB analysts felt pressured to recommend stocks to please potential investment-banking clients, and that there may have been a link between such positive recommendations and analysts' receiving compensation from CSFB's investment banking division.

Spokespersons for the Massachusetts Securities Division declined to comment, while a spokeswoman from CSFB was not immediately available for comment.

New York State's Martin Act provides the New York State Attorney General with an especially potent ability to bring criminal charges against individuals and firms accused of securities fraud.

FORTY-STATE COALITION

Spitzer used the threat of a Martin Act prosecution against Merrill Lynch & Co. <MER.N> to force the No. 1 U.S. brokerage in May to agree to pay a $100 million fine and implement various structural reforms, after he had uncovered instances in which Merrill Internet analysts privately trashed stocks to which they had given top ratings.

The criminal referral by Massachusetts is the first formal action taken against a Wall Street firm by a state since Spitzer received support from a coalition of about 40 states for a broadened probe into analyst research practices.

The states have since then formed into teams to pursue the inquiries. New York is leading a probe of Citigroup's <C.N> Salomon Smith Barney unit and Morgan Stanley <MWD.N>. Alabama is examining Lehman Brothers <LEH.N> and Utah is probing Goldman Sachs Group <GS.N. New Jersey is investigating Bear Stearns <BSC.N>.

The states have formed a steering committee with about a dozen states that is chaired by New York, New Jersey, and California. That committee would be likely to have input into New York's decision on the Massachusetts referral

The New York probe into Merrill has also led to probes by other securities regulators into Wall Street analyst practices, including by the Securities and Exchange Commission, the National Association of Securities Dealers, and the New York Stock Exchange.

Credit Suisse First Boston is a unit of Swiss-based Credit Suisse Group <CSGZn.VX> <CSR.N>.

09/19/02 16:31 ET



To: SEC-ond-chance who wrote (80362)9/19/2002 5:19:34 PM
From: StockDung  Respond to of 122087
 
UPDATE: CAL-BAY INTERNATIONAL, INC. (OTCBB: CBYI) – SAME OLD SPAM
September 18, 2002
Those e-mails promoting Cal-Bay International, Inc. (OTCBB: CBYI) just will not go away. The messages continue to arrive and, as before, they contain outdated, out-of-context, misleading information. (For our earlier stories on Cal-Bay see, Cal-Bay International, Inc. – A Smell Test and Cal-Bay International, Inc. – Same Old Spam).

The promoters (who concede they were paid $27,000 to publish these “reports”) are a shy bunch; they use a variety of untraceable identities and never cite Cal-Bay on the e-mail’s subject line. In fact, one of the “reports” claimed the subject was “In The News Today,” although, of course, it was not.

Now it is. The latest wave of e-mails are an abbreviated version of the earlier messages. Still, they have ample opportunity to be inaccurate. Take the first paragraph, for example, which claims that Cal-Bay “has filed to be traded on the OTCBB,” and notes that “share prices historically INCREASE when companies get listed on this larger trading exchange.” The message goes on to say that Cal-Bay “is trading around 25 cents and should skyrocket to $2.66 – $3.25 a share in the near future.”

There is a fundamental problem with that theory, however. The e-mails that offered this prediction were dated September 9, 11, and 13, 2002. But Cal-Bay already was listed on the OTC Bulletin Board at the time. In fact, it has been listed since July 11, 2002.

So investors should not be counting on that projected price “INCREASE.” In fact, Cal-Bay shares, which were trading at around 25 cents on July 11th, are now priced at about 29 cents.

So much for that bounce to more than $2 a share.

As we noted in our September 26, 2001 article on Cal-Bay, some of the initial e-mails touting Cal-Bay attempted to rely upon information contained in a research report prepared for Cal-Bay by Meehan Capital Management Group, Inc. of Orlando, Florida. Those e-mails routinely misquoted and distorted the Meehan report.

Indeed, Meehan seemed to be quite disturbed by such efforts to misuse its research. In a notice on its website, Meehan distanced itself from the promoters, insisting that it had nothing to do with the misleading e-mails. Meehan subsequently went further, claiming that unknown promoters had been distorting information contained in several of its research reports. In response to that abuse, Meehan declared that it was removing all research reports, including Cal-Bay’s, from its website.

The Cal-Bay report has disappeared from the Meehan website. Does that mean the relationship between Meehan and Cal-Bay is over? Perhaps not.

Cal-Bay’s corporate website identifies the Company’s “Investors Relations” contact as Trey Meehan of First Capital Investors, Inc., 1080 Woodcock Road, Suite 276 Orlando, Florida. It even offers a link to the First Capital Investors web page – although when we checked we found only the name “First Capital Investors, Inc.”, a reference to “Florida-California,” a picture of a fish, and the words “coming soon.”

We wondered whether Trey Meehan and First Capital Investors were related to Meehan Capital Management. Here is what we learned. First Capital Investors registered its website – the one that is “coming soon” – on May 21, 2002. The Administrative Contact is Trey Meehan who can be reached at tmeehan@meehancapital.com.

Trey Meehan is also listed as the Administrative Contact for the Meehan Capital website – at the same e-mail address. The registration form for the Meehan website lists the address for Meehan Capital Group as 1080 Woodcock Road, Orlando, Florida, Suite 276 – the same address provided by First Capital Investors. Meehan and First Capital also share a telephone number.

Now that First Capital Investors is handling investor relations for Cal-Bay, perhaps they can determine who is sending out the misleading e-mails. Back in August 2001, Cal-Bay promised to take action against the illegal spammers. The Company claimed at that time that it had instructed its attorneys to take legal action. More than a year has passed, and the Company has not indicated whether legal proceedings ever were initiated.

If the Company and its advisors can track down the promoters who have been sending those misleading e-mails, maybe they can persuade them to stop – or at least turn them over to the regulators.

Frankly, we’re tired of getting all of that junk mail.

©2002 Stock Patrol.com. All rights reserved.

WE'RE BACK ON PATROL



To: SEC-ond-chance who wrote (80362)9/19/2002 8:45:20 PM
From: StockDung  Respond to of 122087
 
Miluky/SEAVIEW/RICHARD MCBRIDE/Wallstreetwest/Darren Fleming star in CaymanGate.

From Ragingbull:

Origin Investment Group Inc (BB: OGNI)
Reply to msg. Post new msg. Email this msg.
By: beergoddess $$$$$
05 May 2000, 10:33 AM EDT Msg. 77 of 264
(This msg. is a reply to 72 by miluky.)

miluky: I hope you aren't relying on jet and me to do your due diligence. You are better served spending time researching for yourself (call the company yourself, read the 10-K, etc.) than by reading our posts and then insinuating that we work for management. First of all, if you make investment decisions based on what ANY poster says, you're going to lose money. If someone posts useful information, be grateful. But ALWAYS double check it yourself. ANYTHING could be fabricated on these boards, even press releases. Second, check both of our profiles. We both post frequently to many other boards. Do you think we work for their management(s) as well? Third, we are all down big time in this stock. You have no right to blame anyone else for your losses unless you're also willing to fork over your gains. We're not feeling particularly brilliant with this investment at the moment either, but you don't find us accusing people of disseminating false information. Fourth, you wrote "The PR and even the info Beergoddess released is all questionable." What PR? The last one I saw was from 4/27 announcing the symbol change. That's certainly not questionable since we have the E. As I said before EVERYTHING on these boards is questionable, but virtually all of what I posted was straight from the 10-K which you can check for yourself. So do it instead of whining. Fifth: As to sounding like management and answering the right questions, well, excuuuuuuuuuse us for showing a bit of intelligence and understanding what our risks are. Would you prefer it if we would be less articulate and start making basic grammatical/spelling errors like so many other jerks on these boards? Should we discuss and address the issues that don't matter at all and ignore the important issues (and in an illiterate fashion)? Would that instill CONFIDENCE?

Okay, watch your toes because I'm stepping down off of my soap box now.

Cheers, Beer Goddess


------------------------

Diversified Marketing Concepts, LLC (WALLSTREETWEST-DOM)
8175A Sheridan Blvd., # 175 Arvada, CO 80003 US
Domain Name: wallstreetwest.com

Administrative Contact: Fleming, Sharon (SF2783) wall@VALUEWEB.NET

Diversified Marketing Concepts, LLC 8175A Sheridan Blvd., # 175
Arvada, CO 80003</B< 1-303-465-6097 (FAX) 1-303-465-1109
Technical Contact: ValueWeb (HOS237-ORG) hostmaster@VALUEWEB.NET
ValueWeb 3250 west commercial Blvd. Ft Lauderdale FL 33309
US 954-334-8000 Fax- 954-334-8001 Billing Contact:
Invoice Processing System (IPS2-ORG) invoice@VALUEWEB.NET
3250 West Commercial Blvd #200 Ft. Lauderdale, FL 33309 US
954-334-8000 Fax- 954-334-8001 Record last updated on 11-Jan-2001.
Record expires on 04-Dec-2002. Record created on 03-Dec-1997.
Database last updated on 25-Jan-2001 10:35:21 EST.
Domain servers in listed order:
NS.VALUEWEB.NET 216 . 219 . 253 . 211
NS2.VALUEWEB.NET 216 . 219 . 254 . 10

PCLO- On or about July 20, 2000 Wallstreetwest.com, LLC entered into an Agreement to provide Investor Relations services for VLDC Technologies, Inc. (PCLO) Said contract will be for a duration of one-year. Pursuant to this Agreement, WSW will be paid 60,000 shares in restricted stock, 30,000 immediately and then after 6 months, 5,000 shares per month, that will not be available to sell for at least one year. Further, WSW has received 15,000 shares of free-trading shares of PCLO from a shareholder, M&A West, Inc. M&A West also paid WSW $ 30,000 in cash for past services relating to MAWI. Further the principal of WSW, Tyler Fleming, purchased 40,000 restricted shares of PCLO in a private placement directly with the company for $ 20,000 on or about June 30, 2000. On approximately March 16, 2001 services were put on hold in an agreement with PCLO, in total WSW received 30,000 shares from PCLO and 15,000 shares of PCLO from M&A West, in additon to shares purchased via provate offering. Additonal shares due have not yet been received. USER SHOULD ASSUME THAT WSW WILL SELL ITS FREE-TRADING SHARES IMMEDIATELY AND SIMULTANEOUS TO THE E-MAIL TRANSMISSION OF INFORMATION REGARDING PCLO OR TO THE POSTING OF INFORMATION REGARDING PCLO ON THIS WEBSITE. SAID SELLING COULD HAVE A DEPRESSIVE EFFECT ON THE PRICE OF THE STOCK.

OGNI- On August 11, 2000 WSW entered into an Agreement to provide Investor Relations and marketing services for Origin Investment Group, Inc. Said Agreement is for one-full year of services beginning September 5, 2000 whereby WSW would receive $ 60,000 in cash, payable at $ 5,000 per month. Said Agreement was terminated December 31, 2000, via mutual agreement whereby WSW received a final payment of $ 5,000. Thus the total compensation WSW received from OGNI was $ 20,000. Further, WSW, through its principal, Tyler Fleming has purchased 68,965 free trading shares of OGNI for $ 20,000 directly from OGNI per an agreement, pursuant to Rule 606 of Regulation E, we came to when the stock was as low as $ .29 on August 25, 2000. USER/READER SHOULD ASSUME THAT WSW WILL IMMEDIATELY SELL AND IS SELLING ALL OF ITS FREE-TRADING SHARES. USER SHOULD ASSUME THAT SAID SELLING WILL OCCUR SIMULTANEOUS TO THIS E-MAIL TRANSMISSION. SAID SELLING COULD TEND TO CAUSE A DECLINE IN THE PRICE OF THE STOCK.

EBNK- On or about August 10, 2000 Diversified Marketing Concepts,LLC (Former operator of this Website, see operator update above), entered into an Agreement with Global Precision Investments Ltd, (GPI) of Vancouver, BC with respect to Investor Relations services relating to Alpha Trade.com (OTCBB: EBNK). Under the agreement with Global Precision Investments Ltd, DMC was to receive a total of 150,000 shares for providing services for a three-month duration. However, GPI only transferred fifty thousand freely tradable shares of EBNK to DMC. DMC paid half of the shares it received to WSW, the current operator of this Web Site. Thus, WSW received 25,000 shares of EBNK. The remainder of the shares due were never paid to DMC, nor WSW. USERS SHOULD ASSUME THAT WSW, DMC, AND PENNY STOCK GOLD RUSH, OWNED BY THE SAME PRINCIPAL AS DMC, WILL SELL ITS FREE-TRADING SHARES IMMEDIATELY AND SIMULTANEOUS TO THE EMAIL TRANSMISSION OF INFORMATION OR THE POSTING OF INFORMATION ON THIS WEBSITE REGARDING EBNK. SAID SELLING COULD HAVE A DEPRESSIVE EFFECT ON THE PRICE OF THE STOCK

CDAO- WallStreetWest.com, LLC has entered into two Agreements relating to providing its Investor Relations services regarding Cuidao Holding Corporation. First, on October 3, 2000 WSW entered into a three-month Agreement, services beginning on September 20, 2000, to provide its Investor Relations services for CDAO. Said Agreement is between WSW and Corporate Analysis Group, Inc.("CAG"), a third party consultant to and shareholder of CDAO. (Originally WSW entered into an Agreement on Septmeber 20, 2000 with Infinity Financial Group, Inc., who has at least one of the same principals as CAG. The terms of previous contract, including compensation, were identical to new Agreement with CAG. Said Infinity Agreement was terminated and replaced with CAG Agreement. Infinity Financial Group, Inc. is a shareholder and investment banker to CDAO.) Under said Agreement WSW will be paid 17,000 (post split 51,000) shares of free-trading stock of CDAO, although WSW only received 17,000 shares to date. Secondly, as further compensation, WSW entered into an Agreement directly with Cuidao Holding Corporation relating to these same services as provided under the Agreement with Corporate Analysis Group, Inc. CDAO was to pay WSW 20,000 (post split 60,000) shares which are to be restricted from sale under Rule 144 for a period of at least one year. The total value of WSW'S compensation will fluctuate based on the market value of the stock. As of the date of execution of the Infinity Agreement the free-trading shares were valued at approximately $ 34,000, while the approximate value of the restricted shares was $ 40,000.00. USER SHOULD ASSUME THAT WSW WILL SELL AND IS SELLING ALL OF ITS FREE-TRADING SHARES IMMEDIATELY AND SIMULTANEOUS TO THIS E-MAIL TRANSMISSION. On June 25, 2000 CDAO was listed under the IRSEEK section of the WSW Newswire. At that time WSW had no contact with the company or any of its shareholders and in no way expected to receive compensation in the future. Said Agreement with CDAO and CAG was terminated and a settlement is still pending. In total WSW received 17,000 shares of CDAO and is still due 34,000 shares ex-dividend of the recent stock split.

VIZG- WSW entered into an Agreement with VisionGloabl Corp. dated 10/03/00 whereby WSW will provide its public/investor relations services for a duration of three-months. WSW was paid 40,000 freely trading shares of VIZG which it may sell at anytime including immediately following this transmission. In 1999 as part of an advertising agreement, Wall Street West Communications, LLC, the former operator of wallstreetwest.com, was paid 994 shares of VIZG by Sienna Capital. In addition Wall Street West Communications, LLC received $ 5,000 cash directly from VIZG. WSW received as part of a consulting agreement 50% of the proceeds from the sale of the 994 shares, (50% of $4,866.33) and 50% or $ 2,500 of the cash received. Reader should assume WSW is selling shares simultaneous to this transmission and said selling could depress the price of the stock.

CPHX- On or about November 8, 2000 WSW entered into an Investor Relations Agreement with Capital Management Group, Inc., a third-party shareholder and investor relations company, to provide services relating to Clements Golden Phoenix Enterprises, Inc. Said services shall be for 3 months duration and WSW will receive 13,333 shares of free-trading shares of CPHX and additionally, WSW will receive 13,333 CPHX shares restricted from resale for at least one-year.

MAWI- On or about October 13, 1999 DMC entered into a Work Agreement with M & A West, Inc., to provide its marketing services for MAWI. Said agreement is for a duration of 90 days from the date the agreement signed. DMC has been compensated a total of $ 30,000 (thirty-thousand dollars cash) from MAWI. WSW received exactly half of this compensation $, 15,000. Further, MAWI paid 15,000 free-trading shares of PCLO to WSW for IR services related to PCLO (SEE PCLO Disclosure),

TENS- DMC entered into a media relations agreement with Tensleep Technologies, Inc. (TENS) as a marketing consultant, on or about October 20, 1999, pursuant to which Wall Street West Communications, LLC was paid 15,000 shares of free-trading TENS stock. The value of the stock the day the contract was executed was sixteen thousand-eight hundred dollars and 00/00 cents and is subject to change should the value of the stock increase or decline. WSW received exactly 50% of this compensation for services. Users should assume that DMC and WSW will sell stock simultaneous to any email transmission and the posting of information relating to the TENS on this Web site. Said selling could cause a decline in the security price. WSW and DMC no longer holds a position in TENS.

GDOL- On or about October 27, 1999, DMC entered into two separate Agreements with Goldonline International, Inc. andSanibel Capital Corporation, pursuant to which DMC will provide its investor relations/marketing services. Said Agreements enabled DMC to purchase free-trading shares of GDOL at a discount to the current market value. TheGoldonline International Work Agreement allows the following purchases: DMC has purchased 5,000.00 Units, at $ 1.00 per unit, for a total of $ 5,000.00, as defined in the Regulation D, Rule 504 Offering. Each unit contains four-common shares and one warrant. Said warrants have an exercise price of $ .50 per share and allow for the purchase of 8 shares. Therefore, DMC received 20,000 shares of stock valued at approximately $ 15,000.00 when the Agreement was executed. Also,with this initial purchase, DMC has received 5,000 warrants. This gives DMC the right, but not the obligation to purchase 40,000 additional common shares at $ .50 per share. Based on the day the Agreement was executed this would create an additional $ 10,000 net profit to DMC if warrants were exercised and sold at the then bid price of $ .75. The Sanibel Agreement provides DMC the following option: DMC may purchase an additional 10,000 units of GDOL at $ 1.00 per unit. Said units contain 4 shares of common stock and 1 warrant. Each warrant allows for the purchase of 8 common shares of stock for $ .50. Said purchases will be at a discount to the current market value of the stock. Update: On or about December 10, 1999, DMC purchased from Sanibel Capital corporation, 10,000 additional units of GDOL for $ 10,000. This included 40,000 free-trading shares and 10,000 warrants. On or about February 4, 2000 DMC exercised 2,500 warrants through Goldonline International for $ 10,000. Thus, DMC has purchased an additional 20,000 shares at the warrant price of $ .50 per share. On or about February 23, 2000 DMC exercised 2,500 additional warrants through Goldonline International, Inc. for the price of $ 10,000.00. Thus DMC has purchased an additional 20,000 shares at the warrant price of $ .50 per share. WSW purchased and received exactly half of the shares purchased by DMC as compensation under a separate consulting Agreement.(see operator update above) Users of our information should assume that WSW and DMC will purchase additional units of GDOL, as well as exercise warrants, and sell shares simultaneous to e-mail transmissions and posting of information on this Web site relating to GDOL.. Said selling could cause a decline in the security price. The market value of the stock and warrants owned by WSW and DMC shall fluctuate with daily market activity.

VCSY- On or about January 18, 2000, DMC entered into two separate Agreements regarding VCSY. (NOTE: POST FEB. 2000 SPLIT NUMBERS IN PARENTHESIS THROUGHOUT THIS SECTION) First, DMC entered into a Work Agreement with Vertical Computer Systems, Inc. Pursuant to Agreement, DMC will provide Investor Relations services for a duration of 90 days. DMC has been granted the option to purchase 30,000 (Post Split Equivalent of 600,000) restricted shares of VCSY for the price of $ .05 per share (Post Split .0025 per share). Said shares will be sold to DMC at a discount to the current value of the stock. However, restriction prevents the sale of securities for at least one year. The value of shares will fluctuate with the daily market fluctuations. Secondly, DMC has entered into an Agreement with Lakewood Development, Inc., a shareholder of VCSY. Said Agreement references Agreement between DMC and VCSY and shall act as further incentive for DMC to provide services under that Agreement. Pursuant to the Agreement, DMC has the option, but not the obligation to purchase 100,000 (Post Split equivalent of 2,000,000 shares) free-trading shares of VCSY at various prices as follows: 16,666 (Post Split of 333,320) shares at .30 (thirty-cents) per share (Post Split of $.0150 per share) immediately, at contract execution, 16,666 (Post Split of 333,320) shares at .30 per share(Post Split of $ .0150 per share) available 15 days from January 18, 2000, 33,334 (Post Split of 666,680) shares at .50 per share (Post Split of $.025 per share) available 30 days from January 18, 2000 and 33,334 (Post Split of 666,680) shares at .70 per share (Post Split of $.035 per share) available March 18, 2000. Said option allows for the purchase of shares at a discount to the market. The value of the shares will fluctuate with the market. Update: On or about January 18, 2000, DMC purchased 16,666 (Post Split of 333,320) free-trading shares from Lakewood Development, Inc., for a cost of $ 5,000. On or about February 4, 2000 DMC purchased an additional 16,666 (Post Split of 333,320) free-trading shares for $ 5,000 from Lakewood Development, Inc. On or about February 4, 2000, DMC exercised its option to purchase 30,000 (Post Split of 600,000) restricted shares from VCSY for $ 1,500.) On or about February 18, 2000 DMC exercised its option to purchase an additional 33,334 (666,680 post split) free-trading shares for a purchase price of $ 16,667.00. On or about March 20, 2000, DMC exercised its final option and purchased 33,334 (666,680 post split) shares for a purchase price of $ 23, 334.00 from Lakewood Development. Under a consulting agreement between WSW and DMC, WSW received exactly half of the shares received from VCSY and purchased half of the shares that were purchased by DMC, under the options allowed under the DMC and Lakewood Development Agreement.(See operator update above). Users of this information should assume that DMC and WSW will sell these securities simultaneously to the e-mail transmission regarding company or posting of company data on this website . Said selling could cause a decline in the security price.

WSW may, at its option, extend the duration of any of its Investor Relations Work Agreements for an extended period of time.

STOCKS PURCHASED ON THE OPEN MARKET

WSW and DMC has previously purchased, or shall consider purchasing additional shares of all stocks featured in the email transmissions or on the Web site, on the open market and in many cases buys and sells (trades) these stocks multiple times.

This portion of the disclosure is not intended to represent the entire security portfolio of WSW. But is intended to disclose that WSW has purchased shares on the open market of certain stocks we are discussing in our newsletter, in a Stock Alert or on the Web site, in which case, that particular newsletter, stock alert or Website disclaimer shall disclose particulars relating to the purchase of those shares. Therefore, as an example, if we discuss a stock we have purchased on the open market in a newsletter, the disclosure of the purchase of those shares will only appear in the disclaimer attached to that particular newsletter and not the Web site.

WSW, through its principal has purchased 5,000 shares of ESPI on the open market for $ 5.75 per share on April 6, 2000. Further, on August 30, 2000 WSW, through its principals purchased 2,500 additional shares of ESPI for $ 4.00 per share. WSW may sell these shares at any time. Users should assume that WSW is selling these shares simultaneous to the transmission of this Data.

OGNI, PCLO- shares have been purchased directly from the company. (See Compensation section above)

VIZG- No shares currently purchased on the open market.

CPHX- No shares currently purchased on the open market.

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To: SEC-ond-chance who wrote (80362)9/19/2002 9:15:40 PM
From: StockDung  Respond to of 122087
 
INTERNATIONAL BROADCASTING CORP /NV/, filed this on 05/13/2002.


-0- Tyler Fleming 5,000,000 5,000,000 -0- Sharon Fleming 999,900 999,900 -0- Alfred Flores,
Page 25



To: SEC-ond-chance who wrote (80362)9/19/2002 9:37:42 PM
From: StockDung  Respond to of 122087
 
Dear Mom, all he gotta do if hype the crap out of it

"None of the selling security holders has, or within the past three yearshas had, any position, office or other material relationship with us or any ofour predecessors or affiliates, other than Sharon Fleming, who is Daryn Fleming's mother.

SB-2 for INTERNATIONAL BROADCASTING CORP /NV/ filed on 5/6/02 12:55:00 PM



To: SEC-ond-chance who wrote (80362)9/24/2002 4:47:29 PM
From: StockDung  Read Replies (2) | Respond to of 122087
 
NASD Registered Person: SHELLY SEAN SINGHAL CRD Number: 2234471



********************************************************************************
REPORT SUMMARY
********************************************************************************


************************************************************
Employment History
************************************************************

Employment History: A ten year employment history is viewable through the Public
Disclosure Program. For an individual that is currently
registered with an NASD member firm the ten years precedes
the current date. For an individual that is no longer
registered with an NASD member firm, the ten years precedes
the end date of the last employment with an NASD member firm.


Current Employments: 1
Registrations: 2
Previous Employments: 7


************************************************************
Disclosure Events: Yes
************************************************************

Disclosure Event: Information that is required to be reported to the NASD by
brokers via Form U-4 (Uniform Application for Securities
Industry Registration or Transfer) and firms via Form BD
(Uniform Application for Broker-Dealer Registration). Some
disclosure events may have multiple reporting sources. For
example, some information required to be reported by a broker
via Form U-4 may also be reported on the broker's record by a
firm via Form U-5 (Uniform Termination Notice for Securities
Industry Registration) and/or by a regulator via Form U-6
(Uniform Disciplinary Action Reporting Form). If a disclosure
event is reported by multiple sources, all versions of the
reported event will be disclosed on the broker's public
disclosure report. Similarly, some information required to be
reported by a broker-dealer firm via Form BD may also be
reported on the firm's record via Form U-6. If a disclosure
event is reported by multiple sources, all versions of the
reported event will be disclosed on the firm's public
disclosure report.


Criminal Actions: 0
Regulatory Actions: 0
Civil Judicial Actions: 0
Terminations: 0
Customer Complaints: 1
Investigations: 0
Bonds: 0
Bankruptcies: 0
Judgment/Liens: 0



NASD Public Disclosure Program September 24, 2002 Page 2
This information is current as of: 09/24/2002
________________________________________________________________________________
NASD Registered Person: SHELLY SEAN SINGHAL
CRD Number: 2234471

********************************************************************************
CURRENT EMPLOYMENT
********************************************************************************


This section provides all current employments (investment-related and
non-investment related) as reported on the broker's Form U-4. It displays the
name of the employing firm that employs this broker, the firm's CRD number (if
applicable), the location of the office where the broker is employed, and the
broker's start date.

If the broker is currently employed with an investment adviser, or a firm
registered with any self-regulatory organization other than NASD (e.g., the
NYSE), "Other Business" will display as the Employing Firm. To obtain
additional information about these employing firms, please call the Public
Disclosure Call Center Hotline number, 1-800-289-9999.

A Firm CRD Number will not display for employing firms that are not currently
registered as an NASD registered firm. Information on these employing firms is
not available through the Public Disclosure Call Center Hotline number.

This section also provides the jurisdictions with which the broker is currently
registered or licensed to do business, the category of each registration, and
the date on which the registration approval was granted.


**************** CURRENT EMPLOYMENT (1 of 1) ****************


Employing Firm: FIRST SECURITIES USA, INC.

Firm CRD Number: 39986
Office of Employment address: 2361 CAMPUS DRIVE
SUITE 210
IRVINE, CA 92612
US
Start Date: 08/16/2002 End Date: to present

Registrations:

Jurisdiction/SRO Category Status As Of Date

CA Agent Approved 08/16/2002
NASD General Securities Approved 08/16/2002
Representative


Other Business
NETGATEWAY 754 E. TECHNOLOGIES UT 84097,DIRECTOR ECOMMERCE ENABLING
E-PERCEPTION TECHNOLOGIES 27555 YNEZ ROAD,#203 TEMECULA CA 92591- DIRECTOR,
CRM SOFTWARE CHELL GROUP 14 METEOR DRIVE TORONTO, M9W 184 CANADA-DIRECTOR
APPLICATION SERVICE PROVIDER ENTERTAINMENT BLVD. DIRECTOR DEFUNCT INTERNET
COMPANY CATEGORY 5 TECHNOLOGIES INC, 2755 E. COTTONWOOD PKWY, SUITE 450 SALT
LAKE CITY, UT 84121-DIRECTOR ECOMMERCE ENABLING. BMS CAPITAL- MEMBER
INVESTMENTS-PRIVATE

********************************************************************************
PREVIOUS EMPLOYMENT
********************************************************************************


This section provides 10 years of an individual's employment history. If the
individual is currently registered with the NASD, employment history will be
displayed for the previous 10 years. If the individual is not currently
registered with the NASD, employment history will be displayed for the 10 years
prior to termination of the registration.

If the broker was previously employed with an investment adviser, or a firm
registered with any self-regulatory organization other than NASD (e.g., the
NYSE), "Other Business" will display as the Employing Firm. To obtain
additional information about these employing firms, please call the Public
Disclosure Call Center Hotline number, 1-800-289-9999.

A Firm CRD Number will not display for employing firms that were not registered
as an NASD registered firm. Information on these employing firms is not
available through the Public Disclosure Call Center Hotline number.


*************** PREVIOUS EMPLOYMENT (1 of 7) ***************

Employing Firm: HAGERTY STEWART

Firm CRD Number:
Office of Employment address: IRVINE, CA
Start Date: 07/2001 End Date: 07/2002



*************** PREVIOUS EMPLOYMENT (2 of 7) ***************




NASD Public Disclosure Program September 24, 2002 Page 3
This information is current as of: 09/24/2002
________________________________________________________________________________
NASD Registered Person: SHELLY SEAN SINGHAL
CRD Number: 2234471

PREVIOUS EMPLOYMENT(cont.)

Employing Firm: SBI E2 CAPITAL

Firm CRD Number:
Office of Employment address: NEWPORT BEACH, CA
Start Date: 06/2001 End Date: 07/2001



*************** PREVIOUS EMPLOYMENT (3 of 7) ***************

Employing Firm: BLUESTONE CAPITAL SECURITIES, INC.

Firm CRD Number:
Office of Employment address: NEW YORK, NY
Start Date: 01/2001 End Date: 06/2001



*************** PREVIOUS EMPLOYMENT (4 of 7) ***************

Employing Firm: CRUTTENDEN ROTH INCORPORATED

Firm CRD Number:
Office of Employment address: NEWPORT BEACH, CA
Start Date: 07/1995 End Date: 12/2000



*************** PREVIOUS EMPLOYMENT (5 of 7) ***************

Employing Firm: SELF

Firm CRD Number:
Office of Employment address: SANTA MONICA, CA
Start Date: 12/1994 End Date: 07/1995



*************** PREVIOUS EMPLOYMENT (6 of 7) ***************

Employing Firm: THE ARGOSY SECURITIES GROUP, L.P.

Firm CRD Number:
Office of Employment address: NEW YORK, NY
Start Date: 09/1993 End Date: 12/1994



*************** PREVIOUS EMPLOYMENT (7 of 7) ***************

Employing Firm: DABNEY/RESNICK AND WAGNER, INC.

Firm CRD Number:
Office of Employment address: BEVERLY HILLS, CA
Start Date: 04/1992 End Date: 07/1993


NASD Public Disclosure Program September 24, 2002 Page 4
This information is current as of: 09/24/2002
________________________________________________________________________________
NASD Registered Person: SHELLY SEAN SINGHAL
CRD Number: 2234471

********************************************************************************
CUSTOMER COMPLAINTS
********************************************************************************

DISCLOSURE INFORMATION


This section contains information regarding customer complaints that were
reported to CRD. These events are disclosable through the Public Disclosure
Program and include consumer-initiated, investment-related arbitration
proceedings or civil suits which contain allegations of sales practice
violations against the broker and are either pending, resulted in an award
against the broker, or were settled for $10,000 or more. Customer complaint
events also include consumer-initiated, investment-related complaints which
contain allegations of sales practice violations against the broker and which
were settled for $10,000 or more, as well as consumer-initiated,
investment-related written complaints filed within the past twenty-four months
which contain either allegations of sales practice violations and damages of
$5,000 or allegations of forgery, theft, or misappropriation of funds or
securities.

Some of the fields in this section of the report may be blank if the information
was not provided to CRD.

The customer complaints listed in this report may include allegations that have
been filed with a firm, an arbitration forum, or a court, but that have not
been verified or proven to be true. Therefore, you should not assume that all
allegations that may be contained in this report are true or will be proven to
be true. The NASD encourages you to discuss any concerns you may have with the
information contained in this report with your firm or broker, who can provide
you with any further information that you may require.


** OCCURRENCE COUNTS ** 1 Record(s)

********************************************************************************

** FIELD DEFINITIONS **

* Reporting Source: The form through which details of the customer
complaint was reported to CRD.

* Date Reported: The date the customer complaint was reported to CRD.

* Date Received: Date the complaint was received at the firm or filed
as an arbitration or civil suit.

* Employing Firm: Firm where broker was employed when activity
occurred that led to the complaint.

* Allegations: Allegations made against the broker leading to the
customer complaint.

* Alleged Damages: Alleged dollar amount of compensatory damages sought
by the customer.

* Action Pending?: An indication (i.e., yes or no) as to whether the
complaint is still pending.

* Status: Status of complaint if not pending (e.g., closed,
resulted in no action taken, withdrawn, denied,
settled, resulted in an arbitration or litigation,
etc.).

* Resolution Date: Date associated with the status of the complaint.
Will be blank if complaint is still pending.

* Settlement Amount: The dollar amount the firm and/or individual broker
paid the customer to satisfy the claim.

* Individual ContributionThe dollar amount the indvidual broker contributed
to the settlement amount.

* Arbitration/Reparation The name of the self-regulatory organization/agency
where the claim was filed and the claim 's docket
case number.

* Service Date: The date the firm/individual broker received notice
of the claim or the date Service of Process for the
claim was received.

* Pending?: An indication (i.e., yes or no) as to whether the
claim is still pending.

* Monetary Compensation: The dollar amount the individual broker paid in
accordance with an arbitration/civil litigation
award, settlement, or reparation.

* Disposition: Details of the disposition of the arbitration,
reparation or litigation if status of the
complaint indicates either arbitration, reparation
or litigation.

NASD Public Disclosure Program September 24, 2002 Page 5
This information is current as of: 09/24/2002
________________________________________________________________________________
NASD Registered Person: SHELLY SEAN SINGHAL
CRD Number: 2234471

CUSTOMER COMPLAINTS(cont.)


* Disposition Date: The disposition date of the arbitration, reparation
or litigation.

* Summary: Details related to the circumstances of the
complaint.


********************************************************************************


******** CUSTOMER COMPLAINT (1 of 1) ********


Reporting Source: Firm (Form U-5)

Date Reported: 09/13/2001

Date Received: 08/29/2001

Employing Firm: ROTH CAPITAL PARTNERS, LLC

Allegations: CLIENT ALLEGES THAT SHELLY SINGHAL MADE FALSE AND MISLEADING
STATEMENTS IN REGARDS TO THE SOLICITATION OF TWO PRIVATE
PLACEMENTS; ENTERTAINMENT BLVD AND ENUCLEUS.

Alleged Damages: $1,125,000.00

Action Pending?: Yes

Disposition
Details:


***********************************
Reporting Source: Broker (Form U-4)

Date Reported: 01/14/2002

Date Received: 08/29/2001

Employing Firm: ROTH CAPITAL PARTNERS, LLC

Allegations: CLIENT ALLEGES THAT SHELLY SINGHAL MADE FALSE AND MISLEADING
STATEMENTS IN REGARDS TO THE SOLICITATION OF TWO PRIVATE
PLACEMENTS, ENTERTAINMENT BLVD AND ENCLEUS

Alleged Damages: $1,125,000.00

Action Pending?: Yes

Disposition
Details:


************ END OF REPORT ************



To: SEC-ond-chance who wrote (80362)9/24/2002 5:02:01 PM
From: StockDung  Respond to of 122087
 
Shelly Singhal SBI-E2 Capital, Newport Beach, CA

Message 16734891



To: SEC-ond-chance who wrote (80362)9/24/2002 5:25:04 PM
From: StockDung  Respond to of 122087
 
RE:Chell Group

Ontario Securities Commission *OSC
Monday June 24 2002 Street Wire.
Also Investment Dealers Association of Canada (*IDA) Street Wire.
by Brent Mudry

In a prospective fitting epitaph for the career of Bay Street broker Mark
Edward Valentine and the once-respectable firm he headed, Thomson Kernaghan,
the flameout financier's regulatory downfall centers on a series of dubious
transactions with the brash Calgary tech penny stock promoter he partied
heartily with: banned broker Cameron Chell.

In a 16-page statement of allegations released Monday, the Ontario Securities
Commission, based partly on an internal probe by Thomson Kernaghan and a
regulatory probe by the Investment Dealers Association of Canada, detailed
numerous serious regulatory violations by Mr. Valentine. The citation comes
one week after the OSC imposed an emergency 15-day suspension on Mr. Valentine
June 17 and 11 days after Thomson Kernaghan quietly terminated him as chairman
and barred him from its premises.

The allegations center largely on transactions by Canadian Advantage Limited
Partnership, the flagship Thomson Kernaghan hedge fund headed by Mr.
Valentine, related to Mr. Chell and two of his public companies: Jawz Inc. and
C Me Run Corp., included one of Thomson Kernaghan's notable death spiral
financings. Mr. Valentine is also cited for a peculiar deal in which the CALP
funds paid $1.3-million to one of his offshore companies for a defunct
debenture of a disastrous Howe Street penny stock promotion: Ikar Mineral,
which featured controversial financiers Bumen Shefik and Lee Gahr. (All
figures are in U.S. dollars unless otherwise noted.)

The OSC claims Mr. Valentine, who wore more hats than Dr. Seuss's Cat in the
Hat, created and fostered, and prospered from, a "culture of conflict and
non-compliance at TK" and breached Ontario securities laws as a result. While
Thomson Kernaghan and its other members of senior management are not cited,
the free reign given to Mr. Valentine should have raised more alarms than a
blazing building. Amongst Mr. Valentine's numerous and often conflicting
multiple roles were his positions as registered representative of the CALP
funds and related funds, president and shareholder of the funds' general
partner, chairman and controlling shareholder of Thomson Kernaghan, and either
registered representative or shareholder, or both, of several offshore
accounts.

In what can only be described as an incredibly cocky, or incredibly stupid,
pattern, the transactions at the heart of the OSC, IDA and TK probes mostly
took place this spring, at a time when auditors, lawyers and regulators were
examining Thomson Kernaghan's assets and deals with a fine-toothed comb amid a
proposed merger with another Eastern Canadian brokerage, Research Capital.

Mr. Valentine had a particularly close relationship with Mr. Chell, who also
served as shareholder and chairman of the general partner Thomson Kernaghan's
VC Advantage Fund LP. Despite his baggage, Mr. Chell passed the sniff test
with Mr. Valentine, who has a remarkable talent for sniffing out troubled
stock promoters and dubious stock promotions.

Mr. Chell, formerly a broker with McDermid St. Lawrence Securities in Calgary,
was kicked out of the industry in November, 1998, in a consent settlement with
the former Alberta Stock Exchange featuring a five-year ban, strict
supervision for two years if he returned, and a $25,000 (Canadian) fine. The
ASE is now part of the TSX Venture Exchange, and officials of the exchange in
both Vancouver and Calgary claim that all historic regulatory records are
available only at headquarters in Toronto, which had closed by the time the
OSC released its Valentine prosecution.

Media accounts noted the ASE accused Mr. Chell of securities violations on
three client accounts in 1996, including unauthorized and unregistered trading
and dealing with forged instructions in one case. "We weren't paying enough
attention to every single investor, shareholder or client I had. Mistakes
happen because of it and I got my wrist slapped," Mr. Chell told Canadian
Business magazine.

Mr. Chell was charged under the Criminal Code of Canada with knowingly causing
his assistant, Diana Christine Eades, to forge a client's account-opening
signature. "While the evidence creates a strong suspicion, the inconsistencies
and conflicts in the assistant's testimony, the great passage of time and the
acknowledged memory lapses all leave some doubt," ruled the Alberta judge, who
acquitted Mr. Chell in September, 1999. While the banned broker had been
forced to temporarily step aside of FutureLink Distribution, his much-hyped
application services provider promotion, amid a planned $50-million (U.S.)
financing, he returned to prominence after his name was cleared in criminal
court.

Mr. Chell's legendary profile received a fine boost last July when National
Post Business toasted him as No. 6 on its list of the 40 wealthiest Canadians
under the age of 40. The monthly glossy magazine of the National Post
newspaper ranked Mr. Chell, then a tender 32-year-old, as wealthier than
singer Celine Dion, worth $164-million, comic Jim Carrey, worth $140-million,
and retired NHL icon Wayne Gretzky, worth just $116-million. (All Top 40
figures are in Canadian dollars.) The magazine claimed Mr. Chell's Chell
Merchant Group, founded in 1996, earned $1-billion in its first three years
and had revenues of $20-million in 2000.

Even more impressive was Mr. Chell's reported athletic career in the
decathlon. "Just missed making the '92 Olympic team," stated the article. This
was quite remarkable, as Canadian track and field statisticians Cecil Smith
and Andy Buckstein, in their exhaustive list of Canadian outdoor all-time
rankings as of Dec. 31, 1999, credited Mr. Chell with the 56th highest of 68
scores recorded, posted at the Visa Invitational meet in San Francisco in
March, 1992, four months before the 1992 Games in Barcelona.

Unless Mr. Valentine succeeds at fighting the OSC charges, the regulatory
prosecution will seriously tarnish the reputation of not just himself but Mr.
Chell.

The OSC notes that Thomson Kernaghan's management committee sought an
explanation from Mr. Valentine on May 7 about suspicious trading in CALP
funds, began an internal investigation, and terminated him five weeks later,
on June 13. The two series of dubious transactions, conducted by Mr. Valentine
on March 28, when the funds were effectively frozen due to the pending
Research Capital merger, involved numerous trades, including trading in the
funds' accounts, in Mr. Valentine's own accounts and in other Thomson
Kernaghan client accounts.

The first dubious transaction is dubbed "The Chell Transaction" by regulators,
while the second relates to Ikar.

In the Chell deal, Mr. Valentine's pro account received 1.06 million shares of
Chell Group Corp. from the main CALP fund without any cash consideration. Mr.
Valentine claims these shares were to settle $1.06-million CALP supposedly
owed him personally. He claims he loaned CALP $360,000 last July and a further
$700,000 this January.

On March 28, after receiving these Chell Group shares, Mr. Valentine sold one
million shares to his inventory account, 375,000 shares from his inventory
account to the VC fund for $750,000, an identical sale from his inventory
account to the VC Bermuda offshore fund, and 250,000 shares for $500,000 to
another Thomson Kernaghan retail client. In its internal probe, Thomson
Kernaghan found a number of discrepancies and irregularities in this Chell
deal.

In the Ikar deal, the CALP funds paid $1.3-million on March 28 to Hammock
Group Ltd., an offshore company in Bermuda controlled by Mr. Valentine, for a
defunct debenture of Ikar Minerals. The OSC notes the 1998 debenture had
expired two years earlier, in March, 2000. Again, Mr. Valentine claimed this
was to settle a $1.58-million debt the CALP funds owed him.

The explanation was more revealing, and perhaps even damning, than the main
transaction. According to Mr. Valentine, his offshore Hammock paid CALP
$537,000 for 653,000 shares of Jawz, one of Mr. Chell's promotions, at 82
cents. Mr. Valentine claims he did this to help the CALP funds meet their
margin requirements, and the funds guaranteed the Jawz investment by
indemnifying Hammock for any potential losses. Over the next three weeks,
Hammock sold the Jawz shares at an average price of about 22 cents, generating
a loss of $387,000, for which CALP would purportedly reimburse the offshore
holding company.

The next part of this convoluted daisy chain involved CALP selling short
900,000 shares of Global Path to Hammock for supposed net proceeds of
$1.19-million, according to Mr. Valentine. The deal supposedly flopped, but
Mr. Valentine pulled another rabbit out of the hat, a defunct $1.3-million
Ikar debenture owned by another of his companies, VMH. Through these, and
several subsequent stages, Mr. Valentine hoped to rectify the transaction.

Ikar, in fitting with many penny stocks favoured by Mr. Valentine, had quite a
stench. In March, 1999, the United States Securities and Exchange Commission
imposed a 10-day suspension of trading in shares of Ikar , a controversial
bulletin board promotion based in North Vancouver. In its suspension notice,
the SEC cited questions about the accuracy and adequacy of Ikar's public
disclosures, including its purported agreement between Ikar and European
American Resources, also known as EPAR, a bulletin board promotion based in
the Florida town of Clearwater.

The SEC temporary suspension came four months after Ikar filed suit in the
Supreme Court of British Columbia over allegations of an intriguing short
selling scheme by a purported offshore bank. Stockwatch reported on Nov. 20,
1998, that Ikar sued Renfrew Security Bank & Trust, Bumen and Mogjan Shefik
and Lee Gahr. Ikar claims Renfrew is based in Nicosia, Cyprus, although it has
a Canadian office at an unknown location. Bumen Shefik, the chairman and chief
executive of the supposed bank, lives with his wife Mojgan Shefik in West
Vancouver.

Mr. Shefik's assistant, Mr. Gahr, was banned for life by the SEC in April from
any involvement in any penny stock offering, resulting from his fraudulent
promotion of Chill Tech Industries Inc. on the OTC Bulletin Board between
September, 1998, and May, 2000. The broad ban came eight months after the SEC
fined Mr. Gahr, Chill Tech's former chief operating officer, $493,000 last
August in a default judgment entered in United States District Court for the
District of Nevada, representing double his $246,400 in illicit profits.

Perhaps the most intriguing Valentine transactions cited by the OSC were a
series of deals in a Thomson Kernaghan death spiral financing of Mr. Chell's
Jawz. "After Valentine caused the funds to acquire the (floorless) warrants,
TK's research department issued a 'buy' recommendation for JAWZ in November,
2000. TK did not disclose to all its clients that JAWZ had entered into this
kind of financing, that the warrants were held by another TK client, or that
the chairman of TK was the general partner of the holder of the 'death spiral'
warrants," states the OSC.

Although not complete, the OSC also included some disturbing details about Mr.
Valentine's involvement in another Chell promotion, C Me Run, through an
offshore account in Bermuda, Ashland Resources, which features Mr. Valentine
as its broker. Although the beneficial owner is not yet known, the trading
nominee, Paul Lemmon of Bermuda, is also the trading nominee for Mr.
Valentine's Hammock offshore account.

The OSC claims that in a preliminary review of year 2000 trades, Thomson
Kernaghan funds were a net buyer of C Me Run shares, while the offshore
accounts, including Ashland, were on the other side of the trades. "The net
effect of the funds's numerous trades of C Me Run was a loss of almost
$4.5-million, while the net effect for Ashland Resources was a trading profit
or almost $6.4-million," states the OSC.

There are no allegations that Mr. Chell, the promoter of Jawz and C Me Run,
had the faintest clue what his close associate Mr. Valentine was up to.

(c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com



To: SEC-ond-chance who wrote (80362)9/24/2002 5:29:39 PM
From: StockDung  Respond to of 122087
 
Softbank Investment Group's U.S. Investment Banking Arm SBI E2-Capital (USA) Signed by Chell Group as Investment Banker

SBI E2-Capital (USA) to immediately commence M&A and financing services for Chell
Toronto, ON, Canada, October 9, 2001 -- Chell Group Corporation (Nasdaq: CHEL) ) is pleased to announce that it has signed SBI E2-Capital (USA) Inc., SOFTBANK Investment Group Japan's new US investment banking arm, to provide corporate finance, and M&A services to accelerate Chell Group's growth plans.

"With the backing of SBI E2-Capital USA, we can now confidently move forward on a number of the large strategic transactions we have been pursuing. We see SBI E2-Capital USA as an integral part of our growth strategy and look forward to utilizing their extensive talents and network to acquire and build companies for years to come," says Cameron Chell, CEO and Chairman, Chell Group Corporation.

Shelly Singhal, Managing Director and Executive Vice President of Investment Banking for SBI E2-Capital USA and a recently appointed director of Chell Group, noted, ``Cameron and his team are proving it is a great time to be in the Buyout space. With a few significant transactions currently under consideration we see the Chell Group being well positioned to take advantage of the current markets. Their strong vision will be the key to success in making strategic acquisitions as well as in the integration and development of the acquired companies. My team and I are very pleased to partner with this exciting group and we look forward to playing a signigficant role in their success."

*About Chell Group Corporation:

Chell Group Corporation (NASDAQ: CHEL) is a technology Buyout / Operating Company applying private equity principals and capital market expertise to acquire, grow and consolidate earnings of solid but undervalued public and private companies. Chell utilizes its low cost ERP system, management infrastructure, proprietary technologies developed within its group of companies and M&A experience to drive earnings growth and create value for its shareholders. Chell's acquisitions are also strategically designed to support its long-term vision of the technology market. The current Chell portfolio of companies includes: NTN Interactive Network Inc.www.ntnc.com , Magic Lantern Communications Ltd. www.magiclantern.ca, Engyro Inc. www.engyro.com , cDemo Inc.www.cdemo.com, and GalaVu Entertainment Network Inc. www.galavu.com. For more information on the Chell Merchant Capital Group, visit at www.chell.com.

About SBI E2-Capital (USA) Inc. :

SBI E2-Capital (USA) Inc. forms part of the financial services joint venture (the ``JV'') under the name SBI E2-Capital Limited (``SBI E2-Capital'') between Hong Kong-listed companies SOFTBANK Investment International (Strategic) Limited (``SIIS'') (stock code: 0648HK, www.softbank.com.hk) and E2- Capital (Holdings) Limited (``E2-Capital Group'') (stock code: 0378 HK, www.e2capital.com). SBI E2-Capital (USA) Inc. is an investment banking concern with expertise in public and private fundraising, deal structuring and other financial advisory services for middle-market companies in multiple technology and high growth sectors. SBI E2-Capital USA's comprehensive services comprise a full range of Investment Banking & Financial Products and Brokering Services. Current business activities in these areas extend beyond Hong Kong to the PRC, Singapore and the USA. With the support of SIIS, E2-Capital Group as well as Softbank Investment Corporation and Softbank Finance Corporation in Japan, the new JV is positioned to emerge as a global force in the financial services arena.

SOFTBANK GROUP JAPAN is pioneering the global Internet economy with innovation, capital and expertise -- building great Internet companies whose products and services will over time enhance the quality of life throughout the world. For more information about SOFTBANK CORP. visit its website at www.softbank.com, and for more information on SIIS visit its website at www.softbank.com.hk

For more information, please contact:

Ron Matthews
Manager, Strategic Banking Services
Chell Group Corporation
1-403-303-2358
1-877-446-8231
rmatthews@chell.com



Arian L. Hopkins
Manager, Corporate Communications
Chell Group Corporation
1.877.252.7771
arian@chell.com

Forward-looking statements and comments in this press release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Certain statements that describe The Chell Group Corporation's intentions, expectations or predictions, are forward-looking and are subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the acceptance of Internet based application service providers in the consumer market; the impact of rapid technological and market change; general industry and market conditions and growth rates.



To: SEC-ond-chance who wrote (80362)9/24/2002 5:43:26 PM
From: StockDung  Respond to of 122087
 
34. C Me Run is a company founded by Cameron Chell and quoted on the Over the Counter Bulletin Board in the United States as CMER.
35. Valentine was the Registered Representative for certain offshore accounts, including Ashland Resources which is based in Bermuda, the beneficial owner of which is unknown. Paul Lemmon of Bermuda has trading authority for the Ashland Resources account, who is the same individual at the same address with trading authority over the Hammock account, also an offshore company based in Bermuda. According to SEC filings, Valentine is the controlling shareholder of Hammock.
36. Staff has made a preliminary analysis of Valentine's trades in C Me Run. In 2000, the funds were a net buyer of C Me Run shares and the other side of the trades was made by the offshore accounts, including Ashland Resources so that in 2000, Ashland was a net seller. The net effect of the funds' numerous trades of C Me Run was a loss of almost $4.5 million, while the net effect for Ashland Resources was a trading profit of almost $6.4 million.

216.239.51.100