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

To: Roy F who wrote (5671)	7/26/2003 10:20:47 AM
From: StockDung	Respond to of 6847

En Point Technologies, Inc. (NASDAQ: ENPT) According to a press release, The lawsuit alleges that En Pointe and certain management insiders participated in a scheme to artificially inflate the Company's stock price and misrepresent the condition of its business. The complaint alleges that En Pointe issued a series of false and misleading statements during the Class Period that allowed insiders to divert almost $50,000,000 of shareholders' money. According to the complaint, this scheme included creating artificial demand for the stock, refusing to execute sell orders, and misrepresenting En Pointe's ownership interest in Supply Access, Inc. The complaint specifically alleges that while the stock was inflated to over $45.00 a share, insiders dumped their holdings. securitiesclassactiondirectory.com