| To: mmmary who wrote (4433) | 1/30/2003 12:29:52 PM | | From: StockDung | | | | From: AXXel Knutson (axxel@blast.net)
Subject: Re: ASTN buyout by NITE rumor circulating.
View: Complete Thread (2 articles)
Original Format
Newsgroups: alt.invest.penny-stocks
Date: 2001-10-31 14:38:37 PST
More likely a buy out by the NY State Attorney General's Office
Scamfactor wrote:
> Anyone have some info? |
| | Ashton Technology (ASTN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: StockDung who wrote (4435) | 1/31/2003 9:27:59 PM | | From: mmmary | | | | That NITE rumor surfaces every year by the touts
they just keep recycling it. Total bull. One, nite has problems of its own. Two, who would want loser astn? |
| | Ashton Technology (ASTN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: mst2000 who wrote (4394) | 5/15/2003 10:28:38 PM | | From: mmmary | | | | Vie Financial Group Announces Cost-Reductions and Names New Chief Operating Officer
Thursday May 15, 6:38 pm ET
PHILADELPHIA--(BUSINESS WIRE)--May 15, 2003--Vie Financial Group, Inc. (OTCBB:VIEF - News) announced today a decline in March and April trading volumes and revenues from the strong growth rates experienced in the first two months of the year. We attributed the decline to overall difficult market conditions and increased competition within our market segment. Although the decline in volume was somewhat mitigated in April by the strongest customer acquisition rates that Vie has experienced to date, the Company has taken immediate steps to further reduce costs and restructure its management team, including:
Operational Cost Reductions: management pay reductions and an employee furlough program that reduced the number of employees in the Company by approximately 30%. This furlough program is expected to be in effect until the end of July, 2003. Furthermore, we are closing our Chicago office and are continuing to reduce our fixed cost structure. We are also pursuing relationships with third party technology providers for order entry, order management and other non-proprietary system components.
Addition of New Chief Operating Officer: the Company announced the hiring of an experienced industry professional and changes in certain management responsibilities. Daniel Nole, formerly Chief Financial Officer and Vice President of Operations at NYFIX Millennium, has joined Vie as Chief Operating Officer with responsibility for all day-to-day operations. Trevor Price, Vie's President, is focusing on strategic product development. |
| | Ashton Technology (ASTN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: StockDung who wrote (4438) | 9/9/2003 10:32:52 AM | | From: peter michaelson | | | | Truth, the use of the word "I" is is very odd language from that link. Just an oddity - wondered if you have seen that before.
On April 29, 2003, after all the Respondents submitted guilty pleas in a parallel criminal proceeding, United States v. Winston, 00 Cr. 1248 (E.D.N.Y. filed Mar. 8, 2001), I lifted a stay that I had imposed on April 12, 2001, at the request of the Division of Enforcement ("Division") and the U.S. Attorney for the Eastern District of New York ("USAO").1 |
| | Ashton Technology (ASTN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: peter michaelson who wrote (4439) | 9/9/2003 1:00:03 PM | | From: Arcane Lore | | | | Truth, the use of the word "I" is is very odd language from that link. Just an oddity - wondered if you have seen that before. ...
While one doesn't see "I" used frequently in summaries of SEC administrative proceedings, that is probably because most of these are either unsigned (often notices that an action has been initiated) or are summaries of commission findings signed on behalf of the commission by Jonathan G. Katz, secretary to the commission. Clearly in the latter case, it would usually be inappropriate for Mr. Katz to use "I".
The summary you cited was an order by an administrative law judge, Brenda P. Murray. Since she was describing an action that she (and she alone) took, use of "I" in this context is appropriate.
Out of curiosity, I reviewed the last three administrative proceedings which were administrative law judges' orders, other than the cited one. In two of the three instances, "I" was used:
"... I find the following allegations in the OIP to be true: ..."
sec.gov
=====
No occurrence:
sec.gov
=====
"... I find the following allegations in the OIP to be true: ..."
sec.gov |
| | Ashton Technology (ASTN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: Arcane Lore who wrote (4440) | 9/9/2003 3:38:02 PM | | From: peter michaelson | | | | Thanks arcane, I guess it just hit me wrong - one of those quirks of memory and perception like when you write a word you've used all your life and suddenly you're not sure it's the correct spelling.
I think it's very appropriate that you are the one to respond to this arcane inquiry.
Peter |
| | Ashton Technology (ASTN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: StockDung | 7/8/2014 7:14:58 PM | | | | | | SEC V. AGFEED INDUS.
In a case described by SEC Enforcement Director, Andrew J. Ceresney, as a “cautionary
tale,” the SEC alleges in SEC v. AgFeed Indus. that K. Ivan Gothner, an AgFeed director and
chair of the audit committee, not only missed numerous red flags that should have alerted
him to accounting improprieties, but he aided and abetted the company’s fraudulent
activity, violating Exchange Act Section 10(b), Rule 10b-5, and Securities Act Section 17(a).
According to the complaint, Gothner learned of several red flags beginning in 2010 and
continuing through May of 2011 that indicated accounting problems in the company’s
Chinese operations. These included significantly worse than expected quarterly results, an
email from the COO describing operations as “completely out of control,” the CFO
reporting concerns he had about the accuracy of the Chinese operation’s reported results,
and reports from the COO that the Chinese unit maintained two sets of accounting
books—one real and one fabricated (for reporting purposes).5 Gothner, in response,
contacted a former director, who recommended Gothner hire outside investigators and
counsel to look into the allegations. Rather than do so, he directed company management
to investigate. Management’s investigation in June 2011 found that there had been fraud,
but Gothner failed to inform AgFeed’s outside auditor, hire a professional firm to conduct
a review or otherwise further investigate.6 In June 2011, an outside consulting firm further
corroborated the fraud, yet Gothner failed to cause the company to disclose the fraud or
correct reported numbers in public filings in July and August 2011. It was not until the
end of September 2011 that a special board committee was formed, and publicly disclosed,
to investigate the fraud.7
In addition to fraud charges, the SEC charged Gothner with multiple violations related to
falsifying books and records, lying to auditors, and control person liability for false SEC
filings. In the SEC’s press release, the Director of the SEC’s Denver Regional Office stated,
“Officers and directors have an obligation to exercise diligence and ensure that their
financial reporting is accurate. Despite learning about false and misleading financial
information, AgFeed executives failed to come clean.”8 In its case against Gothner, the SEC
is seeking civil penalties, an injunction, and a permanent bar from serving as an officer or
director of a public company.
|
| | Ashton Technology (ASTN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| |
