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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Anthony@Pacific who wrote (903)12/14/1998 10:59:00 AM
From: Jeff  Read Replies (2) | Respond to of 122087
 
Datek won't let me short KTEL

"Sorry. We cannot accept your order.
Cannot short sell this stock today"



To: Anthony@Pacific who wrote (903)12/14/1998 11:24:00 AM
From: Rajiv  Respond to of 122087
 
KTEL overstates REVENUES!!!!!

Is this statement based on the PR of Berman DeValerio & Pease LLP ? I think the law firm simply used a generic header for the press release. If you read the press release, it says nothing about overstatement of revenues..

Regards.
Rajiv

K-Tel International, Inc. Overstated its Revenues According to a Lawsuit Filed By Berman DeValerio & Pease LLP

BOSTON, Dec. 14 /PRNewswire/ -- Berman, DeValerio & Pease LLP Boston's largest securities class action firm announced today that a class action was filed in the United States District Court for the District of Minnesota on behalf of all persons and entities who purchased the common stock of K-Tel International, Inc. (Nasdaq: KTEL - news) during the period October 13, 1998 through and including November 17, 1998 (the ''Class Period'') and who suffered losses on their investments.

The action charges that K-Tel and certain officers and directors of the Company violated provisions of the Federal Securities Laws. The Complaint charges that the defendants issued a series of material false and misleading statements and failed to disclose that K-Tel had fallen below the minimum tangible net asset requirement for being listed on the NASDAQ Exchange. This crucial news was concealed from investors. The Company had been warned that it was to be delisted from the NASDAQ National Market, even as K-Tel's stock was being run-up based upon a public relations campaign orchestrated by the Company to herald its ''partnerships'' with Playboy and Microsoft and create interest in a secondary offering or private placement. Because of the issuance of these false and misleading statements, the price of K-Tel's common stock was artificially inflated trading as high as $39.125 during the Class Period. The Complaint alleges that on November 17, 1998, K-Tel disclosed that in October it had received a warning letter from the NASD regarding delisting. When news of the NASDAQ letter and the Company's longstanding knowledge about it was made public on November 17, 1998, the price of K-Tel stock dropped from $17 5/8 to less than $10.00 per share in just two trading days.



To: Anthony@Pacific who wrote (903)12/14/1998 8:20:00 PM
From: RockyBalboa  Respond to of 122087
 
Anthony, a glimpse on TCTV and others...,

"StockMaker has full disclosure on its site, which is affiliated with the notorious print touts, Sound Money Investors Inc. and Personal Investing News.
All three are controlled by Chuck Arnold, a well known name in penny stock promotion circles. Clients so far include Shopping.com (OTC BB:IBUY) and Tel-Com Wireless TV (NASDAQ: TCTV) which hypes an association with Ivana Trump. A Dec. 7 article in Barron's details TCTV's relationship with Arnold and a host of other characters, including several banned from the securities industry by the SEC ....
"

(credits to SD at: stockdetective.com

C.



To: Anthony@Pacific who wrote (903)12/14/1998 11:05:00 PM
From: TRIIBoy  Respond to of 122087
 
I think as CYOE rises we should consider jumping back in. Company did everything in its power to get the stock to rise today. I was gone today visiting a company I have a big position in.

Clearly, the company has not addressed the fundamental question of who crescent is and why they did not know where they were.

No one is going to want to buy from them after this. Also, Comdisco is going to distance themselves as much as possible so that source of leasing is gone too.

BTW, the SEC was already in the process of looking at them, so don't think they are proactive in searching out for the SEC.

Also, insiders have yet to sell, and you know they want to...

P.S. On Friday I initiated a position of Comdisco on the theory that if they got involved with CYOE there are more problems we have yet to here.



To: Anthony@Pacific who wrote (903)12/15/1998 5:26:00 PM
From: Smilodon  Respond to of 122087
 
A note on an established competitor to TMSR's new Talk-n-Play product

Message 6848258