SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG) -- Ignore unavailable to you. Want to Upgrade?


To: Financial Internet Group who wrote (1557)3/17/1998 2:46:00 PM
From: Wes  Respond to of 3967
 
Dal:

OK. Based upon what you say, I assume Xecom will be able to make it's payments on the equipment in June, 1998. That is good news...the most important news of all at this point.

Wes




To: Financial Internet Group who wrote (1557)3/17/1998 8:11:00 PM
From: David Goldstein  Respond to of 3967
 
Hey Joe,

Have you seen this????? I guess its probably not a good idea to get
xecom back on this show anytime soon. Then again what the hell do I know. In any event, I thought you might be interested in seeing this.

Tuesday March 17, 6:50 pm Eastern Time

SEC sues radio talk show host for taking fees

NEW YORK, March 17 (Reuters) - The Securities and Exchange Commission said it accused a radio
talk show host and his company Tuesday of taking stock or cash from companies in return for
promoting the companies on the program.

Charged with violation of federal securities laws was Michael Cardascia, 32, host of the syndicated
program ''Inside Wall Street,'' which airs three times weekly.

Also named in the suit filed in a Manhattan federal court was Strathmore Equity Services Inc, his New
York-based company, which provides public relations services to public companies through the show.

They were charged under the anti-touting provision of the federal Securities Act of 1933, which
requires a person getting paid to promote a stock to disclose the fact that a fee was paid for such
promotion and the amount.

In its lawsuit, the SEC alleged that while Cardascia announced at the end of each show that ''some
guests may have paid a fee,'' they failed to disclosed that a fee was paid by each of the companies
featured on the show.

Cardascia, a resident of Manhasset, N.Y., could not be reached Tuesday for comment.

The SEC said the defendants also failed to disclose that on at least three occasions they received fees
from companies they featured in a newsletter, also called Inside Wall Street, which they published.

Cardascia usually features three public companies in a show, interviewing a representative of each.
After the interview, he gives his own views on why the company's stock is worth buying and listeners
are given a toll-free telephone number to call for more information.

The SEC, citing examples, said that in the Christmas show in 1996, the defendants received 50,000
shares from Corporate Visions Inc, 18,259 shares from Integrated Health, and 7,800 shares from Kafus
Capital for being featured in the program.

In a show on January 20, 1997, the defendants received 71,111 shares from Riverdale Winery of New
York Inc and 10,000 shares from Internet Infinity Inc [OTC BB:ITNF - news] in exchange for the
companies' promotion, the SEC added.

The SEC said it is seeking civil penalties and an order to stop Cardascia and his company from further
committing the alleged violations.

More Quotes and News:
Internet Infinity Inc (OTC BB:ITNF - news)
Related News Categories: US Market News

Help

Copyright c 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is
expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or
delays in the content, or for any actions taken in reliance thereon
See our Important Disclaimers and Legal Information.
Questions or Comments?



To: Financial Internet Group who wrote (1557)3/18/1998 2:58:00 AM
From: Thomas Jon Swift  Read Replies (1) | Respond to of 3967
 
Dal,

While it is true that XECOM is at "basement" prices, it remains to be seen whether or not the prices are a "bargain." What are the company's projected revenues for 4th quarter 1997? What about 1st quarter '98? Also, as of today, what are the total number of outstanding shares of common?

I have owned shares of many public companies and also worked for many public companies. ALWAYS the shareholder relations departments have been the epitome of integrity and professionalism. Joe Lanza and IFG might be decent people, but this thread's accusations and insinuations suggesting otherwise have to be damaging to XECOM and XECOM's stockprices. If XECOM cut IFG loose, would the stock price suffer? Or would shareholders be rid of a liability?





To: Financial Internet Group who wrote (1557)3/18/1998 1:23:00 PM
From: Stocktalk Lurker  Respond to of 3967
 
Who's Financial Internet Group?

Sorry I've been away from the XECOM forum for so long but who
is Dal? And why does he have the same address as Joe? And the
same as Mario? Joe, did you leave your computer on
accidently? Who's next to be appearing? Jayne? Your mother?
Bill Clinton?!?

-The Lurker
Accept No Imitations. We want Joe.



To: Financial Internet Group who wrote (1557)3/19/1998 2:45:00 AM
From: Thomas Jon Swift  Read Replies (1) | Respond to of 3967
 
If XECOM is approaching the break even point as you say, Dal, what revenues do you think will be required to achieve "break even"? It would seem to me that if XECOM's total revenues for 4th quarter 1997 do not exceed $2.8 to $3.0 million, and 1st quarter '98 do not exceed $3.3 to $3.8 million, we're dealing with a dud that is not growing any where near fast enough to make it to "break even," not to mention profitability. Am I wrong? This is my third post addressed to IFG without a response.