GOOD THING YOU DIDN'T GIVE HIM THE $100,000 HE ASK YOU FOR TO OPEN UP THAT SANDWICH SHOP....
ON THE FUKING FLOOR LMAO REAL HARD
Message 19177874
A MASTER PUMPER??? LooooooooLLLLLLLLLLLL
Message 18885910
To:200mph who wrote (117589)
From: TheTruthseeker Monday, Aug 4, 2003 6:23 PM
View Replies (2) | Respond to of 117720
200 MPH DOES IT AGAIN. SCOOPS THE SEC IN QTEK SCAMOLLA
To:TheTruthseeker who wrote (83953)
From: 200mph Saturday, May 3, 2003 2:56 AM
Respond to of 85125
QTEK SCAM ALERT???
Q
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QTEK SCAM ALERT..INTERESTING POSTINGS ON RAGINGBULL...WOW..
QTEK says? TEARS!
WOW........BAMMMMMMMMMMMMMMMMMMMMMM...< ----HEHE
LONG NIGHT, GOOD NIGHT..WHHHHHHHHHHHHHHHHHHHHHHHHHHHAT!
Message 18909443
PUMP DOG LION ROTOR'S BEWARE OF QTEK
ragingbull.lycos.com.
<---- HEHE
BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAM
stockpatrol.com
PANAMED CORPORATION (OTCBB: PANA), PART II – PENNY KINGS FROM HEAVEN
June 26, 2002
As we saw in Part I of this series, PanaMed Corporation (OTCBB: PANA) has been promoting plans to market a therapeutic product to treat HIV and AIDS. The Company has not said who developed the treatment, or where, or when. And, so far at least, the Company’s expectations have not been verified by independent clinical tests – unless you count the three AIDS patients who purportedly received the treatment in an “uncontrolled environment.”
It’s not much to go on, is it?
Team PanaMed
Who are the scientists that developed this therapeutic treatment? What are their credentials? Where do they work? Have they written about their findings? Are they teaching at major hospitals or universities? Do they hold any patents on the process? Shouldn’t we expect them to be rushing to take credit? Wouldn’t you?
PanaMed does not name a single individual who might have been involved with the development of Viro-Net, stating only that the product is “supplied” by Havel Investments. PanaMed still has not said whether Havel manufactures the product. If not, where is it coming from, and who is paying for it?
The questions continue to mount. Who is in charge at PanaMed? Is the Company run by scientists, doctors, or clinical investigators? It seems not. PanaMed’s management team consists of investment bankers, deal-makers, and a missionary. Consider this:
• According to its Form 10-K for the year ended December 31, 2001, PanaMed’s co-founder, Chief Executive Officer, and Director, Phillip Butler, has a background in “developing financial strategies, corporate development, mergers, acquisitions, and financing.”
• The Company’s other co-founder, President, Treasurer and Chairman is Thomas Sims, has been involved with “launching companies, raising money, mergers, acquisitions, joint ventures, launching subsidiaries, establishing and building strategic partnerships (domestic and international), going public and launching/nurturing a public trading network.”
Mr. Sims is also CEO and President of Quintek Technologies, Inc. (OTCBB: QTEK), a California-based company that markets a technology for recording and storing digital images on an aperture card. In November 2001, Quintek executed a stock swap, exchanging 2 million shares of Quintek stock for 2 million shares of PanaMed.
• The Company’s two Executive Vice-Presidents, Todd Davis and Seth Cayer (both of whom also were co-founders of PanaMed) are investment bankers, while another Director, Daniel Butler, is a Christian missionary.
Daniel Butler is also Phillip Butler’s brother. The Company’s Secretary, Catherine Sims, is Phillip Sims’ wife. Between them, the Butler brothers and the Sims spouses owned 10,150,000 shares of PanaMed as of April 15, 2002 (not including the 2 million shares held by Quintek, a company controlled by Mr. Sims). Messrs Cayne and Davis each owned an additional 1.4 million PanaMed shares. That accounts for approximately 15 million shares out of the 22.1 million shares of PanaMed stock that reportedly were outstanding as of May 31, 2002.
The Company does not indicate how any of these individuals would be qualified to judge the efficacy of a therapeutic treatment – or who they might rely upon to make that determination.
King of the World
Remember Quintek, the affiliate that holds 2 million shares of PanaMed? Investors who received those e-mails touting PanaMed, or who have been reviewing PanaMed’s press releases and public filings, probably missed this item from Quintek’s Form 10-Q for the quarter ended March 31, 2002:
During the first quarter of 2002, [Quintek] learned the Securities and Exchange Commission has undertaken an informal inquiry to determine whether violations of federal securities laws may have occurred in connection with sales of securities issued by the Company or the Company’s affiliate, PanaMed Corporation. The Company believes that the inquiry relates mainly to press releases issued in October 2001 about the formation of PanaMed and in January and March 2002 about the attempts to begin selling equipment in Central Europe, and about the trading patterns in the Company’s securities around the time those announcements were made. The Company does not believe the inquiry will have an adverse effect on the financial statements.
We were unable to locate the October 2001 press releases concerning the formation of PanaMed. Oddly, they are not among the press releases that remain available to investors on Quintek’s website, or on the site maintained by Quintek’s investment relations firm.
The January and March 2002 press releases issued by Quintek are available. On January 8, 2002, Quintek announced that a company called Penny King Holdings Corporation (PKH) had signed an exclusive agreement to distribute Quintek’s aperture cards in certain Eastern European countries.
Penny King apparently had developed more than a passing interest in Quintek. The January 8th press release revealed that Penny King had obtained 2.3 million shares of Quintek in a “private transaction.” It did not identify the seller of those shares or indicate what, if anything, Penny King had paid for them. Elsewhere, Penny King claims that it has a “minority interest” in PanaMed.
Penny King’s credentials, and qualifications to act as a distributor, were dubious at best. The press release described Penny King as a private “Investment Holding Company.” How would it distribute the products? The press release did not say. There was no indication that Penny King operated as a distributor or had the financial capacity to perform under the Quintek agreement.
Investors could be excused if they were skeptical. The January 8th press release claimed that Penny King had “exclusive Western Hemisphere distribution rights to a whole new series of technologies under agreements with The Free and Clear Foundations of America, Inc. a Washington DC-based non-profit organization.” At first blush that makes it sound as though Penny King had obtained a valuable asset - but what are “The Free and Clear Foundations of America, Inc,” and what are those “technologies.” Most importantly, what is Penny King, and is it a bona fide business partner for any public company?
A Penny for Your Thoughts - or Your Nickel
The answers to those questions cast a giant shadow on the value of any relationship between Penny King and Quintek. Penny King is controlled by Hungarian-born Gabor Sandor Acs, whose biography reads like a dime store novel. Acs claims that he has worked for Scientology founder L. Ron Hubbard; was a mortgage banker/broker in Seattle, Washington; operated an offshore bank in the Pacific; built foreign interests in Canada, Russia, Hungary, the Philippines, the Cayman Islands and Europe; and advised venture capitalists in global investments.
Acs also insists that, in 1983, he tried to sell then-Philippine President Ferdinand Marcos on a plan that would get the Philippines out of debt within five years. Acs says that Marcos rejected the proposal, but told him where the Japanese had hidden 80,000 tons of gold during World War II. Acs says that he passed that information on to the F.B.I. shortly before Marcos was toppled from power (implying that there was some cause and effect here).
Since 1990, Acs has been “managing the vision of a free and clear planet through the aspices (sic) of The Free and Clear Foundations of Earth, International,” which own 50% of Penny King. And what do the Free and Clear Foundations do - when they are not handing out new technologies to Penny King? According to a website maintained by Penny King, the “Foundations buys pennies from homeless people for a nickel each.” Is there an economic theory behind that seemingly illogical exercise? Consider this explanation from Penny King:
By buying pennies for a nickel each the Foundations educate the participants in its self help programs relative to the perception of the value of money and saving for the future. It provides motivation for improving their conditions, and enlightens the general public about how money is created and how it functions in a global society.
Pennies and nickels should not be confused with millions of dollars – or billions. Compare the following two statements:
• The Penny King website states that Penny King is “continuing the process of facilitating up to $2 billion in capital to over 50 different publicly and privately owned companies in the United States, Canada and Hungary.”
• The January 8th press release from Quintek stated that Penny King was “continuing its process of facilitating over $200 million in capital investments to 50 different publicly and privately owned companies in the United States, Canada and Hungary.”
So which is it - $50 million, or $50 billion? Maybe it just doesn’t make any difference.
In any event, on March 20, 2002, Quintek issued another press release - which presumably helped trigger the SEC’s inquiry. This time, Quintek was announcing that Penny King had assigned its distribution rights to EuroTrend Informatics Ltd. (ETL), a private Hungarian information technology and software company.
The press release said that ETL was about to place orders for $10 million in Quintek products, as “the first phase of a $250 million two year project being developed by The Free and Clear Foundations relating to the deployment of automated voting systems in Hungary, Central and Eastern Europe.” It also claimed that Penny King was planning to provide a $15 million revolving credit line to ETL so that it could purchase the Quintek products.
Quintek projected that the ETL sales would result in net pre-tax revenues of “around 18 cents per share.”
Not so fast. Despite all of the talk about millions and billions of dollars, Penny King has yet to raise any funds for this project. On April 12, 2002, Quintek announced that Penny King had not completed any financing arrangements, and that ETL had not yet placed any firm purchase order. At the same time, however, Quintek conceded that it had given Penny King $5,000 and approximately 129,000 shares of common stock in exchange for “promoting Quintek's name in the financial community, providing company information to investors and financial institutions, and seeking contracts or purchase orders for Quintek's products.”
Is it any wonder that the SEC is asking questions?
While they are at it, they may also want to ask why the SEC inquiry is not disclosed in PanaMed’s public filings.
©2002 Stock Patrol.com. All rights reserved.
WE'RE BACK ON PATROL
DID I DID THE BOLD CORRECTLY??
SHAAAAAAAAAAAAAAAAAAAAAAAAAAAZAAAAAAAAAAAAAAAAAAAAM
8 PUTERS..ROTF!!!!! (B) FROM JC..ON THE FLOOR!!!!
(Y) BMW'S RULE (Y) LMAO
To:KZAP who wrote (114011)
From: Taki Saturday, Apr 26, 2003 2:30 AM
View Replies (1) | Respond to of 117721
Lion KZAP,Yes I made those calls, in the tglive.The logs are there to prove it.You were not coming to Tglive that regularly to see them.So you are excused.But yes the calls were made.Just because I own them does not mean I will not bash them.I own QTEK now more than 100k, and you see I bash it on RB.I just want to see things happenning.
I owned AMFR, and still own it, but If you see on RB I bashed it while own it, just because I did not like the lies.Because you own a stock does not mean you just stay like a dork quiet.
Lion Kzap the calls were made.Some proof below for lion KZAP, since Taki does not lie.
TGLIVE has the logs.I am sure SSP, as well as many others remembers me calling QTEK, AMFR, and RTNH, and EGAM, and many others.If you were loging there more often, you would have seen them too.As for Copia=None of your business, or any one elses.Thank you.
Message 17728702
Message 17735916
ragingbull.lycos.com.
ragingbull.lycos.com.
ragingbull.lycos.com
ragingbull.lycos.com.
Message 17716421
Message 17728853 |
