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[StockDung] Securities and Exchange Commission v. Efstratios "Elias" D. Argyropoulos and Pri...

StockDung — 12/24/2014 9:51:59 AM

Securities and Exchange Commission v. Efstratios "Elias" D. Argyropoulos and Prima Capital Group, Inc., Civil Action No. 2:14-cv-09800 (C.D. Cal.)

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 23169 / December 23, 2014 Securities and Exchange Commission v. Efstratios "Elias" D. Argyropoulos and Prima Capital Group, Inc., Civil Action No. 2:14-cv-09800 (C.D. Cal.) SEC Charges Stock Promoter with Fraudulent Scheme Related to Pre-IPO Facebook and Twitter Shares On December 23, 2014, the Securities and Exchange Commission charged a stock promoter based in Santa Barbara, Calif., with fraudulently raising nearly $3.5 million from investors purportedly to purchase Facebook and Twitter shares prior to their initial public offerings (IPOs).

The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios "Elias" Argyropoulos and his firm Prima Capital Group misappropriated investor funds. They used the money primarily for day trading of stocks and options as well as to pay off certain investors who complained when they didn't receive the promised Facebook or Twitter shares.

Argyropoulos and Prima Capital agreed to settle the SEC's charges and to be barred from working for an investment adviser or broker-dealer, and financial penalties will be determined at a later date.

The SEC's complaint alleges that Argyropoulos and Prima violated Section 17(a) of the Securities Act of 1933 ("Securities Act") and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder, and seeks permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and, against Argyropoulos only, civil money penalties.

Without admitting or denying the allegations in the SEC's complaint, Argyropoulos and Prima consented to a judgment permanently enjoining them from violations of Section 17(a) of the Securities Act and Sections 10(b) and 15(a) of the Exchange Act and Rule 10b-5 thereunder, ordering them to pay, jointly and severally, disgorgement with prejudgment interest, and ordering Argyropoulos to pay civil money penalties. There will be further proceedings before the District Court to determine the amounts of disgorgement with prejudgment interest and civil money penalties. The bifurcated settlement remains subject to court approval. Argyropoulos also consented, without admitting or denying the SEC's findings, to an administrative proceeding order barring him from, among other things, association with any broker, dealer or investment adviser. The administrative proceeding will be instituted following court approval of the bifurcated settlement.

Also on December 23, 2014, SEC separately announced an administrative proceeding against Khaled A. Eldaher, a registered representative living in Austin, Texas. The SEC Enforcement Division alleges that while working for a registered broker-dealer, Eldaher reached a side agreement with Argyropoulos to solicit investors and receive 50 percent of the mark-up on Facebook shares he sold. Eldaher sold $362,887.50 worth of Facebook shares and was paid $15,478 by Prima Capital. He was later terminated by the broker-dealer for selling securities other than through the firm. The Enforcement Division alleges that Eldaher's sales of unregistered securities violated Section 15(a)(1) of the Exchange Act. The matter will be scheduled for a public hearing before an administrative law judge for proceedings to adjudicate the Enforcement Division's allegations and determine what, if any, remedial actions are appropriate.

http://www.sec.gov/litigation/litreleases/2014/lr23169.htm

Modified: 12/24/2014

[StockDung] Remember Eliais Argryropoulos from the ANTS Scamolla? ========================...

StockDung — 12/23/2014 6:14:22 PM

Remember Eliais Argryropoulos from the ANTS Scamolla?

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123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 KAREN MATTESON (Cal. Bar No. 102103) Email: mattesonk@sec.govJACOB A. REGENSTREIF (Cal. Bar No. 234734)E-mail: regenstreifj@sec.gov

Attorneys for PlaintiffSecurities and Exchange Commission Michele Wein Layne, Regional DirectorLorraine B. Echavarria, Associate Regional DirectorJohn W. Berry, Regional Trial Counsel444 South Flower Street, Suite 900Los Angeles, California 90071Telephone: (323) 965-3998 Facsimile: (213) 443-1904

UNITED STATES DISTRICT COURT

CENTRAL DISTRICT OF CALIFORNIA SECURITIES AND EXCHANGE
COMMISSION,	Case No.
Plaintiff,	COMPLAINT
vs.
EFSTRATIOS "ELIAS" D.
ARGRYROPOULOS and
PRIMA CAPITAL GROUP, INC.,
Defendants.

Plaintiff Securities and Exchange Commission (“SEC”) alleges:
JURISDICTION AND VENUE
1.
This Court has jurisdiction over this action pursuant to Sections 20(b), 20(d)(1) and 22(a) of the Securities Act of 1933 (“Securities Act”), 15 U.S.C. §§ 77t(b), 77t(d)(1) & 77v(a), and Sections 21(d)(1), 21(d)(3)(A), 21(e) and 27 of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. §§ 78u(d)(1), 78u(d)(3)(A), 78u(e) & 78aa. Defendants have, directly or indirectly, made use of the means or instrumentalities of interstate commerce, of the mails, or of the facilities of a national securities exchange in connection with the transactions, acts, practices and courses of business alleged in this complaint.
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2.
Venue is proper in this district pursuant to Section 22(a) of the Securities Act, 15 U.S.C. § 77v(a), and Section 27 of the Exchange Act, 15 U.S.C. § 78aa, because at all relevant times the individual defendant resided in this district, the entity defendant was headquartered in this district, and certain of the transactions, acts, practices and courses of conduct constituting violations of the federal securities laws occurred within this district.
SUMMARY
3.
This case involves fraud perpetrated by the Defendants in the offer and sale of pre-IPO Facebook and pre-IPO Twitter shares in the secondary market. From October 2010 through October 2013, the Defendants raised $3,435,406 from 143 investors, promising to use those funds to purchase shares of Facebook and Twitter stock before their initial public offerings, or “IPOs.” Instead of purchasing the shares as promised, the Defendants misappropriated investor funds, using them primarily to day trade stocks and options and to pay off certain investors, including investors who complained when the Defendants failed to deliver the promised shares.
4.
By engaging in this conduct, Defendants have violated the antifraud provisions of Section 17(a) of the Securities Act, 15 U.S.C. § 77q(a), and Section 10(b) of the Exchange Act, 15 U.S.C. § 78j(b), and Rule 10b-5 thereunder, and the broker-dealer registration requirement of Section 15(a)(1) of the Exchange Act, 15
U.S.C. § 78o(a)(1). The SEC seeks permanent injunctions and disgorgement with prejudgment interest against both Defendants and, as to Defendant Argyropoulos, a civil penalty.
DEFENDANTS
5.
Efstratios “Elias” D. Argyropoulos, resides in Santa Barbara, California. Argyropoulos is the founder, president and sole shareholder of Prima Capital Group, Inc. (“Prima”), and controls Prima’s operations. In 1983, the NASD censured and fined Argyropoulos, who was then associated with a
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registered broker-dealer, for depositing personal funds into a customer’s account to cover losses generated in the account. In 1995, the NASD censured, barred, and fined Argyropoulos $200,000 for use of discretion over client accounts without written authority from the clients, unauthorized and unsuitable transactions, sharing and guaranteeing customers’ losses, and manipulation and deceptive practices. Argyropoulos is not registered with the SEC in any capacity.
6.
Prima Capital Group, Inc. is a Delaware corporation with its principal place of business in Santa Barbara, California. Prima is not registered with the SEC in any capacity.
THE FRAUDULENT SCHEME
A. The Defendants Fraudulently Offer and Sell Facebook Investments
7. From October 2010 to May 2012, Defendants solicited investors by email to purchase pre-IPO Facebook shares, raising at least $3,082,244 from 130 investors.
1. The Defendants Fraudulently Raise and then Misappropriate Investor Funds after Depositing them with Broker Felix Investments, Inc.
8.
In late October 2010, Argyropoulos sent an email solicitation to a list of potential investors. Argyropoulos represented that Prima was working closely with Felix Investments, Inc. (“Felix”), a broker-dealer registered with Plaintiff SEC, to purchase Facebook shares sold by Facebook’s employees, advisors, and contractors. Argyropoulos’ solicitation noted that the “exciting” offering could rival Google’s market capitalization and that investors could “pick up [Facebook] shares at a bargain.”
9.
Argyropoulos’ email solicitation further stated that for an “upfront modest finders [sic] fee,” Prima would take an investment in any amount and pool it with other investments to create a single large position in the Facebook shares. According to Argyropoulos’ email, this would allow Prima’s investors to
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participate in the secondary market established by Felix, which participation required a $100,000 minimum investment. The price investors were to pay for the alleged purchase of Facebook shares included an additional mark-up to the share price Felix purportedly charged Prima for the shares.
10.
The Defendants raised over $1,294,805 from at least 53 investors nationwide pursuant to Argyropoulos’ email solicitation.
11.
Once an investor sent funds to Prima for investment, Argyropoulos provided the investor with an “Acknowledgment of Receipt” of funds. The Acknowledgment listed the amount the investor had invested with Prima and the number of actual Facebook shares the investor purportedly purchased. The Acknowledgements did not disclose the amount Prima purportedly paid for the Facebook shares or the amount of the mark-up the investor was paying. Additionally, instead of depositing investor funds in a separate account for investment with Felix, Argyropoulos simply commingled investor monies with other monies in Prima’s bank account.
12.
According to the email solicitation and the Acknowledgment, Facebook shares stayed “under the Prima umbrella” until either: (1) Facebook was acquired; or (2) Facebook went public. The Acknowledgement further stated that when either of these events occurred, the Facebook shares would be distributed to investors. Argyropoulos also promised investors in the Acknowledgement that if they wanted to exit the investment before Facebook was acquired or went public, Prima would buy the investor’s Facebook position or find another investor to buy it. Argyropoulos repeated these representations to investors through email and over the telephone.
13.
Beginning in late 2010 and through April 2011, Prima deposited $1,294,805 million of investor funds in Facie Libre Associates II, LLC (“Facie Libre”), a fund established by Felix to hold Facebook shares purchased in the secondary market. Prima made these deposits purportedly pursuant to a
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subscription agreement it had entered into with Facie Libre. Defendants did not disclose to Felix that the monies deposited with Facie Libre belonged to individual investors solicited by the Defendants.
14.
On March 1, 2011, Felix’s outside counsel sent Argyropoulos an email stating that Felix had learned that Prima and Argyropoulos were making false and misleading representations to potential investors that implied that Prima was acting as Felix’s agent or representative. On March 21, 2011, Argyropoulos received another letter from Felix’s counsel demanding confirmation that Prima had not transferred interests in Facie Libre to third parties, was still a qualified purchaser, and had not violated Facie Libre’s operating agreement and subscription documents. On June 16, 2011, despite false representations by Argyropoulos that Prima was not transferring shares to third parties, Facie Libre terminated Prima’s membership based upon its conclusion that Prima had breached its subscription agreement with Facie Libre and fraudulently represented to Facie Libre that it was not investing others’ monies. Facie Libre sought and received Argyropoulos’ acknowledgement that Prima’s membership was rescinded along with a general release from liability.
15.
On June 23, 2011, following Argyropoulos’ return of the signed release, Facie Libre wired $1,294,805 – the entire amount of Prima’s investment in the fund – back to Prima’s bank account. Argyropoulos immediately transferred $625,000 of the returned funds to Prima’s brokerage account, repaid $637,841 to a select group of Prima’s Facebook investors, and misappropriated the remaining $31,964 of investor funds. Argyropoulos used the $625,000 in Prima’s brokerage account to day trade stocks and options, resulting in the loss of substantially all of the funds. Argyropoulos commingled the $31,964 of investor funds with other funds in Prima’s bank account and used the money to pay his personal expenses. /// ///
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16.
The Defendants then subjected certain Prima investors whom the Defendants did not repay to a “bait and switch” tactic. Argyropoulos represented to investors who complained about their missing Facebook shares that they could substitute their investment in Facebook with shares in E-Waste Asset Recovery, Inc., a start-up company that Argyropoulos founded purportedly to recycle electronic waste. Prima and Argyropoulos falsely represented to at least one investor that he would make fifty times his original Facebook investment with the E-Waste shares, when Argyropoulos had no basis for making such a representation.
2. The Defendants Fraudulently Raise and then Misappropriate Investor Funds after Depositing them with SharesPost, Inc.
17.
Beginning in March 2011, Argyropoulos again solicited investments by email, representing that Prima had some “amazing” pre-IPO opportunities in fast growing technology companies, and that its ongoing project was Facebook. The Defendants raised over $1,031,138 from at least 32 investors nationwide pursuant to Argyropoulos’ March 2011 email solicitation.
18.
In March 2011, Argyropoulos, on Prima’s behalf, entered into a relationship with SharesPost, an online platform supporting the purchase and sale of private company stock. Similar to the arrangement with Felix, using investor monies, the Defendants bought units in Prima’s name in six single purpose funds established by SharesPost that entitled Prima to Facebook shares purchased through auctions in the secondary market. These funds were SP Private Investments II, LLC; SP Private Investments III, LLC; SP Private Investments VI, LLC; SP Private Investments IX, LLC; SP Private Investments XI, LLC; and SP Private Investments XIX, LLC.
19.
Once investors sent money to Prima for investment, Prima then provided at least some investors with an “Acknowledgment of Receipt” of funds. The Acknowledgment listed the total amount the investor had invested with Prima,
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which included an unspecified mark-up by the Defendants added to the undisclosed share price SharesPost charged Prima, and the number of Facebook shares the investor purportedly purchased. This Acknowledgment stated that shares would “stay under the Prima umbrella with Sharespost [sic] in a Limited Liability Company called SP Private Investments, LLC-Facebook” until either: (1) Facebook was acquired; or (2) Facebook went public, and that once either of these events occurred, a distribution of shares would be made to investors either when Facebook was acquired or six months after Facebook went public.
20.
From March 2011 to May 2012, Prima made seven investments totaling $1,031,138 in the six SharesPost investment funds. Prima received 24,982 units in the SharesPost investment funds after SharesPost’s fees were paid.
21.
On July 9, 2012, undisclosed to investors, Prima sold 16,202 units from the six SharesPost investment funds to a Canadian investment fund. Prima executed an agreement assigning these units to the Canadian investment fund for $25 per unit, constituting a total purchase price of $405,050. SharesPost escrowed the funds received from the Canadian investment fund for this transaction and then wired the money to Prima. Argyropoulos immediately misappropriated most of the funds by wiring $320,000 of the sale proceeds to Prima’s brokerage account, which was under his sole control. Argyropoulos proceeded to use the $320,000 to day trade stocks and options, resulting in the loss of substantially all of the funds.
22.
The Defendants then attempted to convince investors to change their investments and take shares in other companies in lieu of Facebook shares, without disclosing that Prima had sold two-thirds of its SharesPost units for substantially less than it had paid for them. In November 2012, the remaining units in the SharesPost investment funds which had not been sold to the Canadian investment fund were converted into 8,721 Facebook shares and deposited into an account Prima maintained with SharesPost. Argyropoulos then transferred the 8,721
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Facebook shares to Prima’s brokerage account and transferred some of the shares to a select group of Prima investors.
23.
Argyropoulos lied to investors about what had happened to their money. For example, Argyropoulos wrote in an email to one investor who was seeking return of his money:
As we took money in we immediately sent it out. Your group’s $300,000 went to Shares Post [sic] immediately. The net effect on us is we are short Facebook, not long. We are not holding on to your money!! This is why I said, with one entity failing to deliver, it put Prima in a precarious position.
3. Argyropoulos Misappropriates an Additional $756,301 from Facebook Investors
24. Of the $3,082,244 the Defendants raised from Facebook investors, the Defendants initially invested $1,294,805 with Felix and $1,031,138 with SharesPost, and misappropriated most of these monies, as alleged above. Defendant Argyropoulos also misappropriated and misused the remaining $756,301, including by compensating himself with certain of these funds as purported “mark-ups” for his services and by commingling the remainder with other funds in Prima’s bank account and using funds from that Prima account to pay his personal expenses.
B. The Defendants Fraudulently Offer and Sell Twitter Investments
25.
From July 2013 through October 2013, Prima and Argyropoulos solicited investors by email to purchase pre-IPO Twitter shares. Prima and Argyropoulos raised $341,562 in cash from 11 investors for pre-IPO Twitter shares. In addition, Argyropoulos lulled three existing Prima investors to convert their existing investments in other entities, including Facebook, into pre-IPO Twitter shares. These additional noncash investments (excluding the existing Facebook investment) totaled $11,600, making the total amount invested by
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investors in pre-IPO Twitter shares $353,162. The Defendants represented to each of these 14 investors, in an emailed Acknowledgement of Receipt sent by Argyropoulos, that the investor had purchased shares of Twitter from Prima for $28 per share, which price included an unspecified “modest finders [sic] fee.” The Acknowledgement of Receipt further represented that the shares would be held “under the Prima umbrella with SharesPost,” until either: (1) Twitter was acquired; or (2) Twitter went public. The Acknowledgement further represented that Twitter shares would be distributed to investors when either Twitter was acquired or six months after Twitter went public. Argyropoulos also promised investors in the Acknowledgement that if they wanted to exit the investment before Twitter was acquired or went public, Prima would try to find another investor to buy the investor’s Twitter position. Argyropoulos repeated these representations to investors through email and over the telephone.
26.
In fact, the Defendants never purchased Twitter shares, and never placed any investor funds with SharesPost. In addition, no refund has been made to any of the 14 investors. Of the $341,562 raised in cash and deposited by Argyropoulos into Prima’s bank account, Argyropoulos misappropriated $195,000 of the Twitter investors’ funds by wire transferring them to Prima’s brokerage account and using them for his personal trading. Argyropoulos misappropriated the remaining $146,562 of investor funds by using them for his personal expenses.
C. The Defendants Profit from Their Fraud
27.
The Defendants received at least $3,435,406 from investors seeking to invest in pre-IPO Facebook or Twitter shares.
28.
Because the Defendants returned only $637,841 to some investors, their net ill-gotten gain was $2,797,565. /// /// ///
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FIRST CLAIM FOR RELIEF
Fraud in the Offer or Sale of Securities
Violations of Section 17(a) of the Securities Act
(Against All Defendants)
29.
The SEC realleges and incorporates by reference paragraphs 1 through 28 above.
30.
The Defendants, by engaging in the conduct described above, directly or indirectly, in the offer or sale of securities by the use of means or instruments of transportation or communication in interstate commerce or by use of the mails:
a.
with scienter, employed devices, schemes, or artifices to defraud;
b.
obtained money or property by means of untrue statements of a material fact or by omitting to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
c.
engaged in transactions, practices, or courses of business which operated or would operate as a fraud or deceit upon the purchaser.
31.
By engaging in the conduct described above, Defendants violated, and unless restrained and enjoined will continue to violate, Section 17(a) of the Securities Act, 15 U.S.C. § 77q(a).
SECOND CLAIM FOR RELIEF
Fraud in Connection with the Purchase or Sale of Securities
Violations of Section 10(b) of the Exchange Act and Rule 10b-5 Thereunder
(Against All Defendants)
32.
The SEC realleges and incorporates by reference paragraphs 1 through 28 above.
33.
The Defendants, by engaging in the conduct described above, directly or indirectly, in connection with the purchase or sale of a security, by the use of means or instrumentalities of interstate commerce, of the mails, or of the facilities
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of a national securities exchange, with scienter:
a.
employed devices, schemes, or artifices to defraud;
b.
made untrue statements of a material fact or omitted to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or
c.
engaged in acts, practices, or courses of business which operated or would operate as a fraud or deceit upon other persons.
34. By engaging in the conduct described above, the Defendants violated, and unless restrained and enjoined will continue to violate, Section 10(b) of the Exchange Act, 15 U.S.C. § 78j(b), and Rule 10b-5 thereunder, 17 C.F.R. § 240.10b-5.
THIRD CLAIM FOR RELIEF
Failure to Register as a Broker or Dealer
Violations of Section 15(a)(1) of the Exchange Act
(Against All Defendants)
35.
The SEC realleges and incorporates by reference paragraphs 1 through 28 above.
36.
The Defendants, by engaging in the conduct described above, made use of the mails or means or instrumentalities of interstate commerce to effect transactions in, or to induce or attempt to induce, the purchase or sale of securities, without being registered as brokers or dealers in accordance with Section 15(b) of the Exchange Act, 15 U.S.C. § 78o(b).
37.
By engaging in the conduct described above, the Defendants violated, and unless restrained and enjoined will continue to violate, Section 15(a)(1) of the Exchange Act, 15 U.S.C. § 78o(a)(1).
PRAYER FOR RELIEF
WHEREFORE, the SEC respectfully requests that the Court:
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I.
Issue findings of fact and conclusions of law that the Defendants committed the alleged violations.
II.
Issue a judgment, in a form consistent with Fed. R. Civ. P. 65(d) permanently enjoining Defendants, and their officers, agents, servants, employees, and attorneys, and those persons in active concert or participation with any of them, who receive actual notice of the judgment by personal service or otherwise, and each of them, from violating Section 17(a) of the Securities Act, 15 U.S.C. § 77q(a), Sections 10(b) and 15(a) of the Exchange Act, 15 U.S.C. §§ 78j(b) & 78o(a), and Rule 10b-5 thereunder, 17 C.F.R. § 240.10b-5.
III.
Order Defendants to disgorge all ill-gotten gains from their illegal conduct, together with prejudgment interest.
IV.
Order Defendant Argyropoulos to pay civil penalties under Section 20(d) of the Securities Act, 15 U.S.C. § 77t(d), and Section 21(d)(3) of the Exchange Act, 15 U.S.C. § 78u(d)(3).
V.
Retain jurisdiction of this action in accordance with the principles of equity and the Federal Rules of Civil Procedure in order to implement and carry out the terms of all orders and decrees that may be entered, or to entertain any suitable application or motion for additional relief within the jurisdiction of this Court. /// /// /// /// ///
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VI.
Grant such other and further relief as this Court may determine to be just and
necessary.
Dated: December 23, 2014
Respectfully submitted,
/s/ Jacob A. Regenstreif Karen Matteson Jacob A. RegenstreifAttorneys for Plaintiff Securities and Exchange Commission
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[StockDung] In April 2012, while Eldaher was associated with ACAP, he reached an agreemen...

StockDung — 12/23/2014 5:44:24 PM

In April 2012, while Eldaher was associated with ACAP, he reached an

agreement with Efstratios “Elias” D. Argyropoulos (“Argyropoulos”), the principal of

Prima Capital Group, Inc. (“Prima”), an entity purporting to sell pre-IPO Facebook shares

in the secondary market, by which Eldaher would receive 50% of the mark-up on Facebook

shares sold to investors Eldaher successfully solicited. In 2012, Eldaher sold $362,887.50

worth of Facebook shares to twelve investors throughout the country. Eldaher was paid

$15,478 by Prima. ACAP did not know about Eldaher’s arrangement with Argyropoulos

and terminated Eldaher for selling securities other than through ACAP.

C. VIOLATIONS

As a result of the conduct described above, Eldaher willfully violated

Section 15(a)(1) of the Exchange Act, which makes it unlawful for a broker or dealer “to

make use of the mails or any means or instrumentality of interstate commerce to effect any

transactions in, or to induce or attempt to induce the purchase or sale of, any security”

unless registered with the Commission in accordance with Section 15(b) of the Exchange

Act.

III.

In view of the allegations made by the Division of Enforcement, the Commission

deems it necessary and appropriate in the public interest that public administrative and

cease-and-desist proceedings be instituted to determine:

A. Whether the allegations set forth in Section II hereof are true and, in

connection therewith, to afford Respondent an opportunity to establish any defenses to such

allegations;

B. What, if any, remedial action is appropriate in the public interest against

Respondent pursuant to Section 15(b) of the Exchange Act including, but not limited to,

disgorgement and civil penalties pursuant to Section 21B of the Exchange Act;

C. What, if any, remedial action is appropriate in the public interest against

Respondent pursuant to Section 9(b) of the Investment Company Act; and

D. Whether, pursuant to Section 21C of the Exchange Act, Respondent should

be ordered to cease and desist from committing or causing violations of and any future

violations of Section 15(a)(1) of the Exchange Act, whether Respondent should be ordered

to pay a civil penalty pursuant to Section 21B(a) of the Exchange Act, and whether

Respondent should be ordered to pay disgorgement pursuant to Sections 21B(e) and 21C(e)

of the Exchange Act.

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IV.

IT IS ORDERED that a public hearing for the purpose of taking evidence on the

questions set forth in Section III hereof shall be convened not earlier than 30 days and not

later than 60 days from service of this Order at a time and place to be fixed, and before an

Administrative Law Judge to be designated by further order as provided by Rule 110 of the

Commission’s Rules of Practice, 17 C.F.R. § 201.110.

IT IS FURTHER ORDERED that Respondent shall file an Answer to the allegations

contained in this Order within twenty (20) days after service of this Order, as provided by

Rule 220 of the Commission's Rules of Practice, 17 C.F.R. § 201.220.

If Respondent fails to file the directed answer, or fails to appear at a hearing after

being duly notified, the Respondent may be deemed in default and the proceedings may be

determined against him upon consideration of this Order, the allegations of which may be

deemed to be true as provided by Rules 155(a), 220(f), 221(f) and 310 of the Commission's

Rules of Practice, 17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f) and 201.310.

This Order shall be served forthwith upon Respondent as provided for in the

Commission’s Rules of Practice.

IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an

initial decision no later than 300 days from the date of service of this Order, pursuant to

Rule 360(a)(2) of the Commission’s Rules of Practice.

In the absence of an appropriate waiver, no officer or employee of the Commission

engaged in the performance of investigative or prosecuting functions in this or any factually

related proceeding will be permitted to participate or advise in the decision of this matter,

except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is

not “rule making” within the meaning of Section 551 of the Administrative Procedure Act, it

is not deemed subject to the provisions of Section 553 delaying the effective date of any

final Commission action.

By the Commission.

Brent J. Fields

Secretary

sec.gov

[Savant] investing.businessweek.com

Savant — 10/3/2014 1:15:16 AM

[Savant] I would submit this....the 2 day, or whatever waiting period, in humans esp., an...

Savant — 2/11/2014 11:56:40 AM

I would submit this....the 2 day, or whatever waiting period, in humans esp., and perhaps in ants...is to make sure the individual is dead...and not just 'resting' or stricken with something that renders them immobile, and in a death-like state.

People also used to put a bell above ground, with a string down into the coffin...so that if the individual presumed dead, 'revived', they could pull the string and be dug up.....they've found old coffins that had scratch marks on the inside tops...not the best way to go...

Interesting article, thnx

PS...the wake was/is used for that purpose, too, imo....when they get stinky...they're goners.

just realized 'wake'...prolly where the name came from...to see if they would 'awaken'...

[StockDung] On the Death Rituals of Ants This is something that I think is absolutely fasci...

StockDung — 2/6/2014 8:01:45 AM

On the Death Rituals of Ants This is something that I think is absolutely fascinating and I’ve been hoarding for YEARS to go into the book. Now that I’m actually writing the book, there isn’t a place for it. One has to kill their darlings and whatnot. So I’m going to share it now.

To the naked eye, ants deal with their dead much like humans. When a member of the colony dies, the carcass will lie where it fell for a period of roughly two days. In the fashion of a wake, this time period presumably gives the other ants time to pay their respects to their fallen comrade. After two days, the living ants take the dead ant to an ant graveyard in a respectful procession, honoring the good work it performed for the colony.

Well, not quite. The carcass does lie there for two days and it is carted off to a pile of dead ants. But this isn’t done out of social obligations or as a healing ritual to soften the loss. As Harvard entomologist Edward O. Wilson discovered, in reality, the dead ant must lay there for two days because the other ants simply don’t realize it is dead.

Two days after death, the tiny ant corpse begins emitting a chemical called oleic acid. To an ant, the smell of oleic acid equals death. The experience of death is not a sense of loss, not a dead body, not an ascent to ant afterlife- it is simply oleic acid. As soon as the living ants smell the oleic acid smell, they spring into action, carrying the tiny decaying intruder out of their midst and dumping it into the pile.

Even more interesting, Wilson discovered that if you give a live ant a bath in oleic acid, it is as good as dead to the other ants. The still alive (but oleic acid covered) ant is carried off to the dead ant pile, trying to clean itself, flailing around, perhaps screaming “um, hey guys, I’m fine,” to no avail. If you smell like a corpse, sorry little buddy, you’re a corpse. Into the pile with you.

[StockDung] where's crabbeee?

StockDung — 2/13/2013 9:06:05 AM

[StockDung] R.I.P ANTS SCAM. Everyone knows that an Ant can't move a rubbertree plant but AN...

StockDung — 2/6/2013 11:36:54 PM

R.I.P ANTS SCAM. Everyone knows that an Ant can't move a rubbertree plant but ANTS got HIGH HOPES the ANTS SCAM had HIGH HOPES.

Next time your found, with your chin on the ground. There a lot to be learned, so look around Just what makes that little old ant. Think hell move that rubber tree plant. Anyone knows an ant, cant. Move a rubber tree plant.
But he's got high hopes, he's got high hopes. Hes got high apple pie, in the sky hopes

Suspension of Trading Feb 06, 2013 OTC Disclosure & News Service

Washington, D.C. -
U.S. SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 68835 / February 6, 2013
The U.S. Securities and Exchange Commission announced the temporary suspension of trading
in the securities of the following issuers, commencing at 9:30 a.m. EST on February 6, 2013 and
terminating at 11:59 p.m. EST on February 20, 2013:
? Advance Nanotech, Inc. (AVNA)
? Advanced ID Corp. (AIDO)
? Aeon Holdings, Inc. (n/k/a BCM Energy Partners, Inc.) (BCME)
? ANTS Software, Inc. (ANTS)
? Beauty Brands Group, Inc. (BBGR)
? Beijing Century Health Medical, Inc. (BCHM)
? Chocolate Candy Creations, Inc. (CCYS)
? Crystallex International Corp. (CRYFQ)
? Dermaxar, Inc. (DRMX)
? Dragon International Group Corp. (DRGG)
? e-SIM, Ltd. (ESIMF)
? EcoReady Corp. (ECRD)
? EnDevCo, Inc. (EDVC)
? Electronic Kourseware International, Inc. (EKII)
? Ensign Services, Inc. (ESVC)
? eTelCharge.com, Inc. (ETLC)
The Commission temporarily suspended trading in the securities of the foregoing companies due
to a lack of current and accurate information about the companies because they have not filed
certain periodic reports with the Commission. This order was entered pursuant to Section 12(k)
of the Securities Exchange Act of 1934 (Exchange Act).
The Commission cautions brokers, dealers, shareholders and prospective purchasers that they
should carefully consider the foregoing information along with all other currently available
information and any information subsequently issued by these companies.
Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at
the termination of the trading suspensions, no quotation may be entered relating to the securities
of the subject companies unless and until the broker or dealer has strictly complied with all of the
provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it
should refrain from entering quotations relating to the securities of these companies that have
been subject to trading suspensions until such time as it has familiarized itself with the rule and
is certain that all of its provisions have been met. Any broker or dealer with questions regarding
the rule should contact the staff of the Securities and Exchange Commission in Washington, DC at (202) 551-5720. If any broker or dealer enters any quotation which is in violation of the rule,
the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, they
should immediately communicate it to the Delinquent Filings Group of the Division of
Enforcement at (202) 551-5466, or by e-mail at DelinquentFilings@sec.gov.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

[StockDung] OTC Markets awards ANTS with Skull and Crossbones otcmarkets.com ANTs softwar...

StockDung — 11/13/2012 12:58:47 PM

OTC Markets awards ANTS with Skull and Crossbones

otcmarkets.com

ANTs software inc.

Common Stock
OTC Pink Limited Information

OTC Markets has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:

Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.

Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.

Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.

Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).

Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.

Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.

Other Public Interest Concern — There is, in OTC Markets' view, a public interest concern.

Consequently, OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to OTC Markets Group's Guidelines for Providing Adequate Current Information (PDF) and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information

[Savant] ANTs Software Announces Return of Former Executive ATLANTA, Sept. 28, 2012 /PR...

Savant — 9/28/2012 10:42:41 AM

ANTs Software Announces Return of Former Executive

ATLANTA, Sept. 28, 2012 /PRNewswire via COMTEX/ -- ANTs Software, Inc. (ANTS), a
US patented, high-performance, compatibility, and virtual technologies software
manufacturer, today announced it has rehired a former Executive to take the
reigns (reins) of Worldwide Sales and Marketing.

"We are thrilled that Rik Sanchez, the former founder and Vice President of the
profitable and successful Telecommunications, Media, and High Tech Businesses
Units for ANTs Software, Inc. will return in the elevated position as Senior Vice
President of Worldwide Sales," said Dr. F. N. Kautzmann, III Chairman, CEO and
President of ANTs Software, Inc.

"My primary goal is to return ANTs to a successful and profitable company, while
creating shareholder value and rebuilding our reputation. Being familiar with the
patented technologies that ANTs has developed within high-performance,
compatibility, and virtual technologies, under Dr. Haussmann's business and
technical leadership, along with appropriate positioning and rebranding, I
believe ANTs' new and advanced technologies can change the landscape of the
Cloud, Security, Defense, Financial, and Retail spaces," said Sanchez.

ANTs Software, Inc. ANTs Software, Inc. (ANTS), develops high-performance data
management architectural products and solutions. The company's mission is to help
customers reduce hardware, software, and development costs by providing
exceptional database price/performance. For more information on ANTs Software,
visit ants.com.

[Savant] Interesting.

Savant — 9/18/2012 6:31:21 PM

[StockDung] Since GTSM has not filed SEC filings in over 8 years ANTS is the perfect match. ...

StockDung — 9/18/2012 6:05:37 PM

Since GTSM has not filed SEC filings in over 8 years ANTS is the perfect match.

By: Tilyou
21 Feb 2003, 07:49 AM CST
Rating:

Msg. 4170 of 4442
(Reply to 4169 by ljkunzler)
Jump to msg. #

GTSM sales - NEW one! You haven't seen this one before.

At least it is the first time I have posted it.

Note that in 1997 Galtech claimed it had emerged as a "production" company -- and of course now, SIX years later, NO PRODUCTION: the company doesn't even have money to make tests in an attempt to make something it can sell.

It hasn't sold ANYTHING in OVER 12 years!!! It's sold practically nothing since it was founded in 1984.

GTSM now admits it doesn't know how to reliably reproduce its supposed miracle boule of 1987. It's only remaining scientist (the one who irresponsibly made the 1987 claim) is now 77 years old. Happy birthday Allred!

Note also that Chapman -- the name behind the press release -- is apparently still involved in GTSM -- talking to shareholders (based on RB posts) and funding legal fees for some of GTSM's SEC statements (according to the statements).

GTSM = credibility zero.

and lucky you, as usual I provide the basis for my opinions -- see below.

- Charles

===============================================
February 4, 1997, Tuesday
SECTION: Financial News
HEADLINE: Galtech Completes Private Placement

Galtech Semiconductor Materials Corp. (OTC Bulletin Board: GTSM) announced today that it has completed a private placement with private investors and M.H. Meyerson & Co., Inc. (Nasdaq: MHMY) a securities firm located in Jersey City, New Jersey.

Galtech CEO, Russell Chapman, commented, "This funding enables us to acquire strategic production equipment which marks the emergence of Galtech from a development stage company to a production company in its Semiconductor Materials Division.

For the balance of 1997 we anticipate making significant market penetration with our Cadmium Telluride product and are expecting profitability by the end of the third quarter."

By: Tilyou
21 Feb 2003, 07:49 AM CST
Rating:

Msg. 4170 of 4442
(Reply to 4169 by ljkunzler)
Jump to msg. #

[StockDung] ANTS buyer beware!! Subject 8982

StockDung — 9/18/2012 5:51:52 PM

[StockDung] The merger of Pink Sheet Titans.

StockDung — 9/18/2012 5:28:35 PM

[Savant] ANTs Announces New Business and Negotiations with IBM and SAP MASON, Ohio, Sep...

Savant — 9/18/2012 4:45:51 PM

ANTs Announces New Business and Negotiations with IBM and SAP

MASON, Ohio, Sept. 18, 2012 /PRNewswire via COMTEX/ -- ANTs is pleased to
announce that ANTs has received a $7mm contract from a private firm for
architectural and programming support for a FORTUNE 500 Company. ANTs is a
sub-contractor to the prime contractor. The project start date is November 2012.

Additionally ANTs is in negotiations with IBM, Italy and SAP, China regarding
their existing client projects involving the AAA (ACS Advanced architecture) as
well as long term projects and licensing of other ANTs non-exclusive IP products.
Service and support contracts are contemplated.

Forward-Looking Statements This ANTS Software Inc .CEO Corner release contains
forward-looking statements within the meaning of the federal securities laws,
including statements concerning financial projections, financing activities,
product development activities and sales and licensing activities. Such
forward-looking statements are not guarantees of future results or performance,
are sometimes identified by words of condition such as "should," "could,"
"expects," "may," or "intends," and are subject to a number of risks and
uncertainties, known and unknown, that could cause actual results to differ
materially from those intended or anticipated. Such risks include, without
limitation: problems securing the necessary financing to continue operations
should revenues not be sufficient to offset expenses, problems encountered in
commercializing the ANTs technology, potential of undetected infringing
technology or non-infringing competitive technologies, difficulties experienced
in product development, roadblocks experienced in sales and marketing activities,
longer than expected sales processes, difficulties in recruiting knowledgeable
and experienced personnel, possible problems in migrating applications using the
ANTs Compatibility Server (ACS),problems in launching ANTS Software, Inc.
licensed products and potential problems in protecting the Company's intellectual
property. Further information concerning these and other risks is included in the
Company's filings with the Securities and Exchange Commission, including the
Company's most recent Annual Report on Form 10-K for the fiscal year ended
December 31, 2010, as supplemented by the Company's Quarterly Report on Form 10-Q
for the period ended March 31, 2011. The Company undertakes no obligation to
update or revise such forward-looking statements to reflect events or
circumstances occurring after the date of this press release.

Contact: Dr. F. N. Kautzmann III, Chairman, CEO and President, 1-281-415-4121

SOURCE ANTS Software, Inc.

[Savant] Galtech Announces Reverse Merger Of Advanced Technology Company MIAMISBURG, Oh...

Savant — 9/18/2012 4:42:55 PM

Galtech Announces Reverse Merger Of Advanced Technology Company

MIAMISBURG, Ohio, Sept. 6, 2012 /PRNewswire via COMTEX/ -- Galtech Semiconductor
Materials Corp. (GTSM), an Advanced Software Technology and Hardware Technology
products company, announced today that the Board of Directors of the Company has
approved a reverse merger and stock split with ANTs Software Inc., a Texas
Corporation. The acquisition of ANTs Software Inc., a Texas Corporation,
comprising numerous software intellectual properties and projects, positions
Galtech in numerous competitive venues according to William Tunnell Board Member,
SVP Mergers and Acquisitions. As part of this transaction, Dr. Frank N.
Kautzmann, III was named a Director and elected Chairman, CEO and President of
Galtech.

The reverse merger and stock split is expected to be concluded within the next
few weeks following accounting consolidation and appropriate SEC filings.

Forward-Looking Statements This Galtech press release contains forward-looking
statements within the meaning of the federal securities laws, including
statements concerning financial projections, financing activities, product
development activities and sales and licensing activities. Such forward-looking
statements are not guarantees of future results or performance, are sometimes
identified by words of condition such as "should," "could," "expects," "may," or
"intends," and are subject to a number of risks and uncertainties, known and
unknown, that could cause actual results to differ materially from those intended
or anticipated. Such risks include, without limitation: problems securing the
necessary financing to continue operations should revenues not be sufficient to
offset expenses, problems encountered in commercializing the Galtech technology,
potential of undetected infringing technology or non-infringing competitive
technologies, difficulties experienced in product development, roadblocks
experienced in sales and marketing activities, longer than expected sales
processes, difficulties in recruiting knowledgeable and experienced personnel,
possible problems in migrating or integrating licensed products and potential
problems in protecting the Company's intellectual property. Further information
concerning these and other risks is included in the Company's filings with the
Securities and Exchange Commission, including the Company's most recent Annual
Report on Form 10-K for the fiscal year ended December 31, 2007, as supplemented
by the Company's Quarterly Report on Form 10-Q for the period ended December 31,
2007. The Company undertakes no obligation to update or revise such
forward-looking statements to reflect events or circumstances occurring after the
date of this press release.

CONTACT: William Tunnell, SVP Galtech 623 825-2550

SOURCE Galtech Semiconductor Materials Corp.

[Savant] ANTS Software Inc. In Preliminary Discussions With Home Junction, Inc. MASON, ...

Savant — 7/16/2012 11:37:51 AM

ANTS Software Inc. In Preliminary Discussions With Home Junction, Inc.

MASON, Ohio, July 16, 2012 /PRNewswire via COMTEX/ -- ANTs Software, Inc. (ANTS),
an Advanced Software Technology products company, announced today that ANTs and
Home Junction, Inc. are in preliminary discussions regarding licensing of the
ANTs Compatibility server, MATRIX and ANTs Automatic Valuation model (AVM) as
well as ANTs advanced technology solutions in support of Home Junction, Inc.'s
rapid market growth.

ANTs software, inc. developed the ANTs Compatibility Server (ACS), an innovative
middleware solution that accelerates database consolidation between enterprise
and big data database vendors enabling data base application portability. In
addition, ANTs also offers MATRIX, an enterprise approximate string matching
product that surpasses other similar offerings by a factor of 500 to 1 in
per-thousand matching error rate. MATRIX has been used by First American Real
Estate Tax Service and other FORTUNE100 companies. MATRIX has competed and won
contracts against Search Software America, Intelligent Search and others in this
field.

ANTs offers a complete portfolio of technology services ranging from architecting
or managing IT infrastructure, to full application performance tuning, consulting
and technical services. ANTs holds a variety of key US patents relating to data
base technology.

[Savant] ANTs Software Announces Market Praise Of The Revolutionary Advanced ACS MASON,...

Savant — 7/16/2012 11:37:08 AM

ANTs Software Announces Market Praise Of The Revolutionary Advanced ACS

MASON, Ohio, July 11, 2012 /PRNewswire via COMTEX/ -- ANTs Software, Inc. (ANTS),
an Advanced Software Technology product company, announced today that the new
Architectural design enhancements for the ACS (ANTs Compatibility Server) has
been lauded as 'revolutionary' by former and existing clients of ANTs. The
Advanced ACS is expected to reduce marketing lead times and increased licensing
revenues for ANTs.

ANTs Software, Inc. develops the ANTs Compatibility Server, an innovative
middleware solution that accelerates database consolidation between database
vendors enabling application portability. The ACS, a middleware technology that
would allow customers to move applications from one database to another database,
enables enterprises to consolidate their applications onto fewer databases. It
also develops, markets, and supports ANTs Data Server. The company was formerly
known as ANTs software.com and changed its name to ANTs Software, Inc. in July
2000. The mission of ANTs Software is to help customers drive down IT operating
costs by consolidating hardware and software infrastructure, and eliminating cost
inefficiencies.

In addition to ACS, ANTs offers a complete portfolio of services ranging from
architecting or managing IT infrastructure, to full application performance
tuning and administrative services.

[Savant] Check the volume a week before this....ANTs Software Announces Open Market Share...

Savant — 7/16/2012 11:35:58 AM

Check the volume a week before this....ANTs Software Announces Open Market Share Buyback Program

MASON, Ohio, June 29, 2012 /PRNewswire via COMTEX/ -- ANTs Software, Inc. (ANTS),
an Advanced Software Technology product company, announced today that the Board
of Directors of the Company has approved a new share buyback program through open
market trading. As the first step of the buyback program, the Board authorized
the Company to buy back up to 40 million of its common shares in the open market
in 2012. ANTs Software, Inc. has announced this large first step of the buyback
plan to increase the value to the shareholders and to tighten up ANTs free
trading float as all shares repurchased under the program will be held internally
by ANTs.

Dr. Frank N. Kautzmann, III, ANTs Chairman and CEO stated: "We are most excited
to confirm our commitment to increasing shareholder value beginning at the
foundation: our share structure. ANTs values our loyal shareholders, and this is
just the beginning of a new chapter in our transparent communication with them,
appreciation of them and their patience during some very important product
introductions and licensing executions. The share buyback is also the first of
several material steps as ANTs prepares itself for up-listing to the OTCQB and
beyond. 2012 shall prove to be a most auspicious year."

ANTs software, inc. develops ANTs Compatibility Server, an innovative middleware
solution that accelerates database consolidation between database vendors
enabling application portability. The ACS, a middleware technology that would
allow customers to move applications from one database to another database,
enables enterprises to consolidate their applications onto fewer databases. It
also develops, markets, and supports ANTs Data Server. The company was formerly
known as ANTs software.com and changed its name to ANTs software, inc. in July
2000. The mission of ANTs Software is to help customers drive down IT operating
costs by consolidating hardware and software infrastructure, and eliminating cost
inefficiencies.

In addition to ACS, ANTs offers a complete portfolio of services ranging from
architecting or managing IT infrastructure, to full application performance
tuning and administrative services.

Forward Looking StatementsThis press release contains certain forward-looking
statements as that phrase is defined in the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially from those
projected. Such risks include but are not limited to the following: there can be
no assurance that ANTs software inc. (the "Company") will produce the expected
results; that it will produce a commercially viable product; that the Company
will secure the necessary current and additional financing, intellectual property
and staff to support current and future operations. Further risks are detailed in
the Company's filings with the Securities and Exchange Commission, including the
Company's most recent form 10-K for the fiscal year ended December 31, 2010. The
Company undertakes no obligation to revise or publicly release the results of any
revision to the forward-looking statements.

CONTACT:Dr. Frank N. Kautzmann, III Phone: 281.415.4121

[StockDung] ANTS Software Inc receives skull and cross bones from pinksheets.com CAVEAT EMPT...

StockDung — 6/27/2012 4:27:11 PM

ANTS Software Inc receives skull and cross bones from pinksheets.com CAVEAT EMPTOR WARNING otcmarkets.com

ANTs software inc.

Common Stock
OTC Pink Limited Information

OTC Markets has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:

Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.

Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.

Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.

Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).

Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.

Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.

Other Public Interest Concern — There is, in OTC Markets' view, a public interest concern.
Consequently, OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to OTC Markets Group's Guidelines for Providing Adequate Current Information (PDF) and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.

[Savant] Well, well, well. The Ants live....what, 10X?

Savant — 2/10/2012 4:56:38 PM

[EasyT] And there's another .001 down on a new all time low close. I guess the shorts w...

EasyT — 12/2/2011 4:18:22 PM

And there's another .001 down on a new all time low close.

I guess the shorts will be sure to try for another on Monday. If it bleeds when you pick it, and you're a vamp, then pick by all means.
A question for Mr. Short; If you short a stock out of the market till it dies, did you Not have to buy to cover at some point to realize your profit on the soon to be worthless security? Or does your loan of short shares die too and when, if it still drools life for some time, say .0001?
EasyT

[EasyT] So, if ANTS software is wanting to be competitive, therefore attracting new cust...

EasyT — 12/2/2011 1:06:10 PM

So, if ANTS software is wanting to be competitive, therefore attracting new customers, why is the new partner a secret?? Have you researched filings to identify this ace in the hole or any other filings to be made aware?
"The Penny Ceiling." When I see a stock fall from .50 to below a penny like a mole would in turf in less than a year, I account it as a death sentence.
I have seen some bounce back 10000% in due time, but I have also watched the dead sink to the ocean floor where the catfish find it impalpable.
I have known ANTS for ten years so have a bit of longevity faith, but this double .00 threat scares me, What say you?
EasyT

[Savant] ANTs Software Announces First Customer Implementation Moving into Production O...

Savant — 10/25/2011 12:42:26 PM

ANTs Software Announces First Customer Implementation Moving into Production

Oct 25, 2011 08:53:19 (ET)

ATLANTA, Oct 25, 2011 (BUSINESS WIRE) -- ANTs software inc. (ANTS.pk), a leader in database consolidation solutions, announced today that its first customer is moving an implementation of SQL Skin into production.

The customer, a large electric utility, completed a successful test implementation of SQL Skin earlier this year and then decided to move forward aggressively with full production implementations of several of their mission critical applications. The SQL Skin projects are a part of the customer's overall Sybase decommissioning efforts. ANTs expects to complete the remainder of the project by early 2012.

Although the potential revenue associated with this customer's implementation is not significant on a stand-alone basis, this will be the first instance of SQL Skin moving into full customer production, representing a significant milestone in the Company's development. "We are excited about the first production implementation of SQL Skin," says Joe Kozak, ANTs CEO. "This implementation is proof that the ANTs technology is viable and provides a much faster migration from legacy database technology than with conventional means."

About ANTs Software

The mission of ANTs Software is to help customers drive down IT operating costs by consolidating hardware and software infrastructure and eliminating cost inefficiencies. To this end, ANTs develops and sells the ANTs Compatibility Server (ACS), an innovative middleware solution that accelerates database consolidation between database vendors, enabling application portability. In addition to ACS, ANTs offers a complete portfolio of services ranging from architecting or managing IT infrastructure, to full application performance tuning and administrative services. ANTs is a public company with headquarters in Alpharetta, GA. Our shares trade on the OTC Bulletin Board under the symbol "ANTS". For more information visit, www.ants.com .

Forward-Looking Statements

*Well, it's a start