| To: Jane4IceCream who wrote (55499) | 11/17/2005 12:25:45 AM | | From: Mark_H | | | | Any body know if the cartel is still together
Of course not. RMIL started trading a couple of months ago, the squeeze shot the price to about a hundred bucks and all of the cert holders dumped their shares. The cartel dissolved and the stock price dropped back to zero.
Did you miss it? |
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| To: Mark_H who wrote (55500) | 11/16/2006 2:31:13 PM | | From: tonto | | | | Gee, another one of the guys Gary Dobry supported is busted...again.
Gary Morgan:
SEC Charges World Information Technology, Inc., Its Former Chairman and CEO, and Others With a "Pump-And-Dump" Scheme
Litigation Release No. 19910 / November 15, 2006
SEC v. World Information Technology, Inc., et al., Civil Action No. 06-CV-13181 (VM) (S.D.N.Y.)
SEC Charges World Information Technology, Inc., Its Former Chairman and CEO, and Others With a "Pump-And-Dump" Scheme
The Securities and Exchange Commission announced that on November 14, 2006, it filed a complaint in the United States District Court for the Southern District of New York against World Information Technology, Inc., its former Chairman and CEO, Gary Morgan, a stock promoter, Ira Dicapua, and a registered stockbroker, Steven Sirianni, with a "pump-and-dump" scheme involving World Information stock.
The Commission's complaint alleges that, in early 2003, Morgan and others working with him ("Morgan's Group") purchased a publicly-traded shell company and merged it with a Taiwanese-based company controlled by a member of Morgan's Group. Shortly thereafter, the shell company changed its name to World Information Technology, Inc., issued more than 13.8 million shares to entities controlled by Morgan's Group, and appointed Morgan as its CEO and Chairman. In order to increase the price of World Information stock, Morgan made false and misleading statements in public filings and press releases about World Information. For example, Morgan falsely stated that World Information had received a "firm commitment" for $20 million in funding. Morgan's false and misleading statements significantly increased World Information's stock price. For example, World Information's stock price increased from an average price of $2.245 to $4.527 per share following Morgan's interview with an on-line marketing firm in which he made false statements about World Information's funding. Morgan also failed to disclose his beneficial ownership and control of World Information stock. In order to create demand for World Information stock, Morgan arranged to pay brokers kickbacks to sell World Information stock to customers. Morgan paid Dicapua, a consultant engaged to promote securities among brokers, approximately $117,500. Dicapua then paid Sirianni, a stock broker for a registered broker-dealer, approximately $75,800 to solicit purchases of World Information stock from his customers and to purchase shares in his own account. While engaged in the pump-and-dump scheme, Morgan sold approximately 300,000 shares of World Information and received approximately $866,000 in illicit trading profits.
The complaint charges all defendants with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and World Information with violating Section 13(a) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13 thereunder. The complaint also charges Morgan with violating Sections 5(a) and 5(c) of the Securities Act and Sections 13(d) and 16(a) of the Exchange Act and Rules 12b-20, 13d-1, 13d-2, 13a-14, and 16a-3 and aiding and abetting World Information's violations of Section 13(a) of the Exchange Act and Rules 12b-20 and 13a-13 thereunder pursuant to Section 20(e) of the Exchange Act. The complaint further charges Sirianni with violating Section 15(a)(1) of the Exchange Act. In its action, the Commission is seeking permanent injunctions prohibiting defendants from committing future violations of the foregoing federal securities laws, disgorgement of ill-gotten gains plus pre-judgment interest thereon, civil penalties, and an officer and director bar against Morgan.
sec.gov |
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| To: tonto who wrote (55501) | 11/16/2006 4:06:56 PM | | From: tonto | | | | Gary Dobry thought GAry Morgan was really smart...
To: Pugs who wrote (10) 5/21/1998 11:02:00 AM
From: Pugs Read Replies (2) of 129
AGGRESSION SPORTS gets the adrenaline kicking, that with a Cavalry kill @ ICVI is making the morning a good one, time to take some profit and roll into TVSI!!
Look, TVSI is the victim of heavy manipulation as is/was RMIL...we are in the front lines in these 2 issues because of the clarion call of GARY MORGAN to fight the abusive practice of naked undeclared shorting on the OTC.
We have demostrated the presence of Pump & Dumpers, accomplices of BB shortsellers working these threads on behalf of large naked short positions.
The Cavalry does its work in silence, look at ICVI !!! It would only benefit this stock for us NOT to post any pertinent info relating to progress of AGGRESSIVE SPORTS other than in a general sense, when the MM's are ambushed, as in ICVI, it's a quick kill, score and profit taking....GO CAVALRY!! GO AGRESSIVE SPORTS!!!
Pugs
'Great to be alive!! |
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| To: tonto who wrote (55502) | 11/16/2006 4:19:27 PM | | From: tonto | | | | Pugs wanted people to trust Morgan...
To: Riley G who wrote (47510) 5/29/1998 10:34:00 AM
From: Pugs of 55502
MORGAN won't allow that to happen again, it's my understanding that whatever deal materializes will have financing secured. I hope nothing but the best for Puhr and RMCW, Puhr is a great guy.....he may even come thru ( MORGAN states emphatically he is not shutting the door on Puhr), if not, its in the shareholders best interest to commence trading and the shell RMIL provides will assist shareholders to exploit the float being in Name form.
Pugs |
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