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Microcap & Penny Stocks : Sinclare (SNCG) / cyberlinx -- Ignore unavailable to you. Want to Upgrade?

To: Dee Jay who wrote (2575)	4/25/1999 3:10:00 PM
From: Dee Jay	Read Replies (1) \| Respond to of 2696

Stockett's Version (from his IPO Network site) ipo-network.com IPO-Network Corporate History January 1994 Larry Stockett Formed IPO Network June 1994 Published IPO Research in Opportunist Magazine, 500,000 circulation January 1995 Larry Stockett acquired OTC Emerging Growth Fund and vended IPO Network in as a wholly owned subsidiary. Spring 1995 Published IPO Research in Opportunist Magazine, Spring edition. Circulation 500,000. January 1995 - June 1995 Produced and aired IPO television show 26 times on American Independent Television Network, California superstations March 1995 Produced IPO Network infomercial, aired prime time on NBC affiliate, Las Vegas January 1995 - June 1995 Produced and aired two hour live weekly radio show on Business Radio Network for 26 weeks. February 1995 IPO Network Investment Seminar at Disneyworld March 1995 IPO Network Investment Seminars, Las Vegas, Nevada April 1995 Opened IPO Network Office in Las Vegas September 1995 Opened IPO Network office in Sausalito November 7, 1996, Larry Stockett acquired Hightec, Inc., public holding company, originally formed in 1970 as closed-end mutual fund. January 1, 1997 Hightec, Inc. acquired IPO Network from OTC Emerging Growth Fund as wholly owned subsidiary. January - December 1997 Larry Stockett published IPO research and IPO calendars in by-monthly editions of New Industrialist Magazine. January 15, 1997 Hightec acquire Karate International Corporation February 24, 1997 Hightec acquired 40% (8 million shares) of Sinclare Group, Inc. Stockett became President of Sinclare Group, Inc. Sinclare developed real-time stock quote software for the Internet known as Flexquote.. Beta test versions distributed for free over internet for one year. Sinclare also owns the license to publish the New Industrialist Magazine. The magazine and Flexquote software has temporarily ceased operation pending availability of raising new capital. Sinclare owns a license for Neuropro patern recognition software which is used to predict stock price changes. Neuropro has been audited with 2 year track record of performance predicting weekly price changes of over 14,000 U.S., Canadian, and London Stock Exchange listed stocks. New Industrialist Magazine offered $100,000 challenge for anyone that had a better audited track record of predicting stock market price changes for all listed stocks. There were no challengers. February 28, 1997 Hightec acquired Benefits Administration Inc. in Norfolk, Virginia. BAI Claimed backlog of $200 Million in signed contracts to deliver 22 million debit cards. March 31, 1998 Hightec stock achieved first quarter high of $5.50 per share. Growth from $ .50 per share to $5.50 made Hightec top performing stock of first quarter. Sinclare reached high of $ .75 per share. Hudson Investors Fund which had acquired shares in November 1997 and January, 1998 and became top performing mutual fund rated by Lipper for first week and first quarter of 1997. Articles published in Barrons claimed performance based upon performance of "Hightec, a tiny stock." March - May 1997 Hightec sued Benefits Administration Inc. alleging fraud and misrepresentation of financial statements. Rescinded transaction. BAI agreed to refund stock and $250,000 cash. Hightec and Sinclare stock crashed based upon negative article in Wall Street Journal. Company puts seminars and growth plans on hold to conserve cash during legal battles. July 1997 - April 1998 BAI made monthly payments to Hightec under settlement agreement. August 1997 SEC alleged Larry Stockett violated securities law in regards to Hightec, Sinclare, and Hudson Investors Fund. Stockett vigorously denied allegations and defended suit based upon exemptions and failure of SEC to even attempt to verify allegations with Mr. Stockett prior to filing complaint. Pre-trial briefs and post trial briefs demonstrated that SEC did not present any evidence to refute wrong information contained in complaint and exemptions claimed by Mr. Stockett. February 23-26, 1998 Trial held in New York - SEC versus Larry Stockett, & Hudson Investors Fund. Stockett issued press release that claimed SEC did not prove its case and presented no rebuttal to his claimed exemptions and other defensive arguments. Post trial briefs filed. April 1998 BAI filed bankruptcy and failed to pay Hightec $228,000 balance due. June 1998 Stockett formed U.S. Cement Company - Conducts market research on all publicly traded stocks in cement industry. Develops plan to import foreign cement and distribute directly to ready mixed concrete industry. Identifies opportunity in Las Vegas for new cement plant. November 1, 1998 Stockett develops web site with details on strategy to become top performing stock in cement industry. Stockett issues step-by-step plan how company can become a leading player in the cement industry. No promises, however. Just the plan. For details: See uscement.com April 2, 1999 SEC issues ruling that Hudson Fund failed to disclose relationship with Stockett, Hightec or Sinclare. SEC fines Stockett $50,000. Stockett issues statement that he plans to appeal Administrative Law Judge ruling. Claims transcript of trial does not support conclusion, and fines are not appropriate. No shareholders lost any money for any alledged violations. Stockett is the only person who lost money. Stockett vigorously denies that he controlled the Hudson Fund or that he aided or abetted Hundson Fund in violation of any rules, or in any way was responsible for their failure to report or disclose relationship with Stockett, Hightec, or Sinclare Group. 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