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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Honda who wrote (131145)	4/14/2004 6:13:50 PM
From: StocksDATsoar	Respond to of 150070

did u get chance to watch the 3 stooges festival last week? onthefloor, all curly, no shemp or curly joe (y)

To: Honda who wrote (131145)	4/14/2004 8:32:31 PM
From: StockDung	Respond to of 150070

SEC Adopts Fund Disclosure Rules and Foreign Bank Loan Exemption; Proposes Shell Company Rules sec.gov FOR IMMEDIATE RELEASE 2004-50 Washington, D.C., Apr. 13, 2004 — The Securities and Exchange Commission today voted to adopt a rule and form amendments designed to provide foreign banks under certain conditions exemption from insider lending prohibitions; to propose for comment new rules regarding shell companies, "reverse mergers" and use of securities registered on Form S-8; and voted to adopt disclosure requirements for investment companies regarding their policies and procedures on market timing, fair valuation and selective portfolio disclosure. 1. Exemption of Foreign Banks from Provisions of Section 402 of Sarbanes-Oxley Act The Commission voted to adopt a rule that would exempt foreign banks from the insider lending prohibition of Exchange Act Section 13(k), as added by Section 402 of the Sarbanes-Oxley Act. This Section prohibits both domestic and foreign issuers from making or arranging for loans to their directors and executive officers unless the loans fall within the scope of specified exemptions. One of these exemptions permits certain insider lending by a bank or other depository institution that is insured under the Federal Deposit Insurance Act. Foreign banks whose securities are registered with the Commission are not eligible for the bank exemption under Section 13(k). Rule 13k-1 would remedy this disparate treatment by exempting from the insider lending prohibition those foreign banks that meet specified criteria similar to those that qualify domestic banks for this statutory exemption. Consequently, the rule will establish a more level playing field for foreign and domestic banks regarding insider lending while remaining consistent with the goals of the Sarbanes-Oxley Act. Rule 13k-1 will also benefit investors by removing a regulatory impediment that, if left unchecked, could discourage foreign banks from entering or remaining in U.S. capital markets. Rule 13k-1 will exempt from Section 13(k)'s insider lending prohibition loans by a foreign bank issuer to its insiders, as well as loans by a foreign bank to the insiders of an issuer that is the parent or other affiliate of the foreign bank, as long as two conditions are satisfied. First, either the laws or regulations of the foreign bank's home jurisdiction require the bank to insure its deposits or be subject to a deposit guarantee or protection scheme; or the Board of Governors of the Federal Reserve System has determined that the foreign bank or another bank organized in the foreign bank's home jurisdiction is subject to comprehensive supervision or regulation on a consolidated basis by the bank supervisor in its home jurisdiction under 12 CFR 211.24(c). Second, the loan by the foreign bank to any of its directors or executive officers or those of its parent or other affiliate is on substantially the same terms as those prevailing at the time for comparable transactions by the foreign bank with other persons who are not executive officers, directors or employees of the foreign bank, its parent or other affiliate; or is pursuant to a benefit or compensation program that is widely available to the employees of the foreign bank, its parent or other affiliate and does not give preference to any of the executive officers or directors of the foreign bank, its parent or other affiliate over any other employees of the foreign bank, its parent or other affiliate; or has received the express approval by the bank supervisor in the foreign bank's home jurisdiction. The Commission also decided to adopt an amendment to Form 20-F that will require a foreign bank issuer to provide substantially the same disclosure regarding specified loans to insiders as that required for domestic banks under Regulation S-K. The exemption will be effective upon its publication in the Federal Register. The amendment to Form 20-F will take effect 30 days after its publication in the Federal Register. 2. Use of Form S-8 and Form 8-K by Public Shell Companies The Securities and Exchange Commission voted today to publish for comment proposed rule and form amendments relating to public shell companies. The amendments would: prohibit shell companies from using Form S-8, the form used by public companies to register securities in connection with employee benefit plans under the Securities Act of 1933; and require a public shell company, when obligated to report a corporate event on Form 8-K that causes it to cease being a shell company to include the same type of information as it would be required to file to register a class of securities under the Securities Exchange Act of 1934. The Commission proposed the amendments to assure that investors in shell companies that acquire operations or assets have access on a timely basis to the same kind of information as is available to investors in public companies with continuing operations. The proposals are intended to protect investors by deterring fraud and abuse in the securities markets through the use of shell companies. The proposals would define the term "shell company" to mean a company with no or nominal operations, and with no or nominal assets or assets consisting solely of cash and cash equivalents. The definition would include foreign private shell companies, but the release solicits comment on the manner in which these companies should report the information that would be required on Form 8-K for a domestic shell company. The proposed amendments to Form S-8 would allow a company that ceases to be a shell company to use Form S-8 to register securities 60 days after it has filed information equivalent to the information filed by companies registering a class of securities under the Exchange Act. Comments on the proposed amendments are due within 45 days after publication in the Federal Register. 3. Disclosure Regarding Market Timing, Fair Value Pricing, and Selective Disclosure of Portfolio Holdings The Commission voted to adopt amendments that are designed to improve transparency of policies and procedures of mutual funds and variable insurance products with respect to market timing. The amendments will also require mutual funds and insurance company managed separate accounts that offer variable annuities to disclose the circumstances under which they will use fair value pricing and to disclose their policies and procedures regarding disclosure of portfolio holdings. Disclosure of Market Timing Policies and Procedures The amendments will require a mutual fund to describe in its prospectus the risks, if any, that frequent purchases and redemptions of fund shares may present for other shareholders; require a mutual fund to state in its prospectus whether or not the fund's board of directors has adopted policies and procedures with respect to frequent purchases and redemptions of fund shares and, if the board has not adopted any such policies and procedures, state the specific basis for the view of the board that it is appropriate for the fund not to have such policies and procedures; require a mutual fund to describe with specificity in its prospectus any policies and procedures for deterring frequent purchases and redemptions of fund shares; require a mutual fund to describe in its Statement of Additional Information any arrangements to permit frequent purchases and redemptions of fund shares; and require similar disclosure for insurance company separate accounts offering variable insurance contracts. Disclosure Regarding Fair Value Pricing The amendments will clarify that mutual funds and insurance company managed separate accounts that offer variable annuities are required to explain in their prospectuses both the circumstances under which they will use fair value pricing and the effects of using fair value pricing. Disclosure of Policies Regarding Disclosure of Fund Portfolio Holdings The amendments will require mutual funds and insurance company managed separate accounts that offer variable annuities to describe in their Statements of Additional Information any policies and procedures with respect to the disclosure of portfolio securities and ongoing arrangements to make available information about portfolio securities to any person. Initial registration statements, and post-effective amendments to effective registration statements, filed on or after December 5, 2004, must include the disclosure required by the amendments. The full text of detailed releases concerning each of these items will be posted to the SEC Web site as soon as possible. sec.gov

To: Honda who wrote (131145)	4/14/2004 8:33:48 PM
From: StockDung	Read Replies (3) \| Respond to of 150070

Willy, hows your case going with the SEC? Will you have to drop a dime on other promoters to get a reduced penalty?

To: Honda who wrote (131145)	4/15/2004 5:53:01 PM
From: StockDung	Read Replies (1) \| Respond to of 150070

MAGR closed at 14 cents today. Come on out Willy and take a bow.

To: Honda who wrote (131145)	4/17/2004 10:38:20 AM
From: StockDung	Read Replies (2) \| Respond to of 150070

WILLY, WHERE YOU POSTING DRUNK LAST NIGHT? YOU CAN CALL IT "image marketing to a data base of readers" BUT I THINK THE SEC WILL HAVE ANOTHER NAME FOR IT. ragingbull.lycos.com By: WillyWizardClub 17 Apr 2004, 02:30 AM EDT Msg. 7052 of 7053 (This msg. is a reply to 7049 by DueDillinger.) Jump to msg. # DueD, you came out to play tonight??? I have had a busy last few hours and still at work...LOL but as a used car salesman it is worth my time.:):):) This stock only needs image marketing to a data base of readers. The rest will take care of itself... DueD stay tuned... BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!! You can see I am in one of those Wizard Mind Twisters Tonight!!!! ROFLMAO Thank you, Willy I do always have a disclaimer located in my RB profile.

To: Honda who wrote (131145)	4/19/2004 2:30:54 PM
From: StockDung	Respond to of 150070

E-mail spammers target share tips in latest scam Reuters, 04.19.04, 8:36 AM ET By Bernhard Warner, European Internet Correspondent LONDON, April 19 (Reuters) - Pumping up highly volatile share prices in small companies with a barrage of bullish e-mails is the latest get-rich-quick scam deployed by e-mail spammers. According to spam-detection specialists ClearSwift, the number of spammed stock tips has risen more than 300 percent between December and March, meaning thousands of bogus investment tips are filling in-boxes daily on a variety of obscure firms listed on bourses around the world. While stock-related spam ranks well below the torrent of unsolicited offers for sexual aids and pornography, the volume has increased dramatically from six months ago when the phenomenon first caught the attention of security professionals. "The spammers are looking at a new angle to cash in. And it's financial services," said Alyn Hockey, director of research at the UK-based ClearSwift. "This one is a new approach. People might not suspect this is another scam in the offing," he added. Using the Internet to publish bogus stock recommendations is nothing new. During the height of the technology boom people used Internet message boards and chat areas dedicated to the stock market to tout various shares. CLICK HERE TO PUMP AND DUMP But with the rise of spam it brings the so-called "boiler room" tactic of pumping and dumping stocks to a wider potential audience, security and financial experts said. A spokesman for the UK's Financial Services Authority said he was not aware of complaints arising from spam stock tips, but he added the agency has been issuing warnings that would-be fraudsters have been turning to e-mail with greater regularity. According to the Anti-Phishing Working Group, a year-old industry trade group comprising retailers and financial institutions, so-called "phishing" scams in which bogus emails are sent to random Internet users seeking to swipe their bank details has a five percent success ratio. The stock e-mails are less sophisticated, but with unsuspecting e-mail users continuing to fall prey to a variety of low-level scams daily, spam watchers suspect this scam will rise significantly in the coming months with investor enthusiasm on the rise. "The typical victim maybe inherited a bundle of money from a relative and they're looking to make another quick return," said Paul Wood, an analyst with MessageLabs, a UK-based e-mail security firm. Profiling the spammers, as always, is a much more difficult task. Many can be traced back to countries with lax or no financial disclosure laws such as South America or eastern Europe, said Hockey. A recent unsolicited e-mail tip received by Reuters spoke of a new business alliance for a small cartoon animation company based in New York that should "boost shares in the short term." Another more mysteriously stated a Phoenix-based company's stock was set for a rebound after the shares were "shorted (sold) from $0.70 all the way down to $0.29." "MAJOR breaking news is expected in the next few days. The shorters will be forced to cover," the e-mail reads. Hockey said the typical fictional investment e-mail newsletter carries the tell-tale signs it's spam, including jibberish words to fool corporate spam filters. "And all the stocks they tout seem to have that high-tech, new media buzz to them," he said. Copyright 2004, Reuters News Service

To: Honda who wrote (131145)	4/29/2004 3:53:55 PM
From: StockDung	Read Replies (1) \| Respond to of 150070

.U.S. charges four under new law against 'spam' e-mails Thursday, April 29, 2004 Posted: 1:56 PM EDT (1756 GMT) WASHINGTON (AP) -- Federal authorities say they managed to pierce the murky underworld of Internet spam e-mails, filing the first criminal charges under the government's new "can spam" legislation. Court documents in the landmark case in Detroit describe a nearly inscrutable puzzle of corporate identities, bank accounts and electronic storefronts in one alleged spam operation. At one point, investigators said, packages were sometimes delivered to a restaurant, where a greeter accepted them and passed them along to one defendant. Officials at the Federal Trade Commission, who announced the arrests in Washington on Thursday, said U.S. District Court Judge James F. Holderman froze the operation's assets at their request. The FTC told U.S. postal investigators they had received more than 10,000 complaints about unwanted e-mails sent by the defendants. "The cyber scam artists who exploit the Internet for commercial gain should take notice," said Jeffrey G. Collins, the U.S. attorney in Detroit. "Federal law now makes it a felony to use falsehood and deception to hide the origin of the spam messages hawking your fraudulent wares." The FTC also announced legal actions Thursday against an Australian company, Global Web Promotions Pty Ltd., which investigators said pitched fraudulent weight-loss and growth-hormone products. It said it brought its case with help by the Australian Competition and Consumer Commission and the New Zealand Commerce Commission. Court records identified the four U.S. defendants as Daniel J. Lin, James J. Lin, Mark M. Sadek and Christopher Chung of West Bloomfield, Michigan, near Detroit. They were accused of disguising their identities in hundreds of thousands of sales pitches for fraudulent $59.95 weight-loss products and delivering e-mails by bouncing messages through unprotected relay computers on the Internet. "Working with law enforcement partners can maximize our impact," FTC Chairman Timothy J. Muris said. "These cases should send a strong signal to spammers that we are watching their operations and working together to enforce the law." Chung and Sadek appeared in U.S. District Court and were released on unsecured bonds, said Gina Balaya, a spokeswoman for the U.S. Attorney's Office. An arrest warrant was issued for the Lins, but they had not been arrested early Thursday. Sadek's lawyer, James L. Feinberg, said U.S. agents arrived at Sadek's home early in the morning "out of the clear blue" and arrested him. "He was absolutely shocked," Feinberg said. He said Sadek will plead innocent to the criminal charges, which have not yet been challenged in court. "No one's done this before," Feinberg said. "It will be fun -- not for my client but for me professionally." The Lins and Chung could not be located at any of the addresses or telephone numbers listed in the court documents. Authorities said their company sold a weight-loss patch under the corporate names AIT Herbal, Avatar Nutrition, Phoenix Avatar and others. The company allegedly operated out of Detroit and nearby communities of West Bloomfield and Birmingham. "These people were sending spam e-mails to at least a million people," Balaya said. Investigators said they consulted Dr. Michael D. Jensen, a professor at the Mayo Medical School, who confirmed that ingredients in the weight-loss product sold in the disputed e-mails wouldn't work. The "can spam" legislation, which went into effect January 1, requires unsolicited e-mails to include a mechanism so recipients can indicate they do not want future mass mailings. -------------------------------------------------------------------------------- Copyright 2004 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.