| To: Mr. Jens Tingleff who wrote (52) | 1/21/2002 6:07:35 PM | | From: StockDung | | | | you probably are already am aware of thIS.....Richard Geiger of SRRA....Markow and FRENCHFRY's trader
STATE OF OHIO
DEPARTMENT OF COMMERCE
DIVISION OF SECURITIES
COLUMBUS, OH 43215
Order No. 97-237A
In the Matter of: RICHARD GEIGER
CRD NO. 873869
FINAL ORDER TO DENY APPLICATION FOR LICENSE
Division Order
WHEREAS, the Ohio Division of Securities ("Division") is charged with the responsibility of protecting investors and finds that this Order is necessary or appropriate in the public interest or for the protection of investors, and is consistent with the purposes fairly intended by the policy and provisions of the Ohio Securities Act, Ohio Revised Code Chapter 1707;
Whereas, on May 9, 1997, the Division issued Division Order No. 97-156 ("Order") against Richard Geiger ("Respondent"), whose address is 1056 Gateshead Way, Westerville, Ohio 43081, alleging that Respondent was "not of good business repute" as that phrase is used in Ohio Revised Code sections 1707.16 and 1707.19, and Ohio Administrative Code Rule 1301:6-3-19(D)(7) and (9) and giving him notice of intent to deny his application for licensure as a salesman of securities in the State of Ohio;
WHEREAS, the Order gave notice of opportunity for an adjudicative hearing regarding the denial if requested by Respondent within thirty (30) days from the mailing of the notice;
WHEREAS, Respondent timely requested an adjudicative hearing;
WHEREAS, pursuant to Ohio Revised Code section 119.09, the Division scheduled the hearing for June 3, 1997;
WHEREAS, at Respondent's request and by mutual consent of the parties the Division continued the hearing until June 10, 1997;
WHEREAS, the hearing commenced on June 10, 1997, at the offices of the Division; James F. Hunt presided as Hearing Examiner; Assistant Attorney General Stephen H. Johnson represented the Division; William E. Leber appeared as a witness on behalf of the Division; Earle R. Frost, Jr. represented Respondent; Carl Kline appeared as a witness on behalf of Respondent; Jeffrey Richardson appeared as a witness on behalf of Respondent; and Respondent testifed on his own behalf;
WHEREAS, the Hearing Examiner's report and recommendation was issued on August 8, 1997, and received by Respondent via certified mail on August 12, 1997;
WHEREAS, by correspondence dated August 14, 1997, received by the Division on August 21, 1997, Respondent filed objections to the report and recommendation;
WHEREAS, pursuant to Ohio Revised Code section 119.09, the Division may approve, modify or disapprove the recommendation of the Hearing Examiner based upon the report, recommendation, transcript of testimony and evidence, objections of the parties and any additional testimony and evidence permitted;
WHEREAS, Ohio Administrative Code Rule 1301:6-3-19(D) sets forth ten factors for consideration when determining "good business repute;"
WHEREAS, the Division has based its decision upon a consideration of all ten factors of Ohio Administrative Code Rule 1301:6-3-19(D) and the provisions of Ohio Revised Code 119.09;
WHEREAS, the Division defers to the Hearing Examiner who served as the finder of facts in this matter;
WHEREAS, the findings of fact and conclusions of law of the Hearing Examiner are hereby accepted;
WHEREAS, the Division cannot enter into an enforceable agreement that would limit Respondent's activities; and
WHEREAS, the recommendation of the Hearing Examiner, to the extent it holds Respondent not to be of good business repute and correspondingly recommends denial of Respondent's application, is hereby confirmed and approved;
THEREFORE, IT IS ORDERED THAT, Richard Geiger be denied a license as a salesman of securities in the State of Ohio effective the date of this Order.
NOTICE OF APPEAL RIGHTS: RICHARD GEIGER IS HEREBY NOTIFIED THAT THIS ORDER MAY BE APPEALED PURSUANT TO OHIO REVISED CODE SECTION 119.12 BY FILING A NOTICE OF APPEAL WITH THE OHIO DIVISION OF SECURITIES SETTING FORTH THE ORDER APPEALED FROM AND THE GROUNDS OF THE APPEAL. A COPY OF SUCH NOTICE OF APPEAL SHALL ALSO BE FILED WITH THE FRANKLIN COUNTY COURT OF COMMON PLEAS. SUCH NOTICE OF APPEAL SHALL BE FILED WITHIN FIFTEEN DAYS AFTER THE MAILING OF THIS ORDER.
TEG:dlm
Witness my hand and the official seal of this Division at
Columbus, Ohio this day of September, A.D. 1997.
Thomas E. Geyer, Commissioner of Securities
**************************************************************************************
**************************************************************************************
centralohio.thesource.net
Posted: Oct. 6, 1997
Applicant says ODOS license denial unfair
By DOUG BUCHANAN
Daily Reporter Staff Writer
The Ohio Division of Securities has denied a license to a Westerville man with 20 years in the business in a decision the man says unfairly focuses on one prior suspension.
The division determined on Sept. 16 that Richard Geiger was "not of good business repute" and therefore denied his license application.
James F. Hunt Jr., a division hearing examiner, based his recommendation that the license be denied on the fact that Geiger had violated National Association of Securities Dealers rules while serving as temporary president of Chicago-based Lexington Securities Inc. for several months in 1995.
Geiger received a 10-day suspension and a $10,000 fine from NASD for the rules violations. NASD found that Geiger had continued to work as Lexington’s head after failing the principal’s exam, and that the firm had failed to properly report some trades and had employed an unregistered representative while he was in charge.
Geiger, who was to be a trader at Sierra Brokerage Services Inc. in Columbus, said the actions in question didn’t involve fraud and that he agreed to the suspension to get on with his life.
"I’ve been in the business for 20 years and never had a complaint against me in my life," he said.
In his report to the division, Hunt agreed Geiger had no prior disciplinary action, but still recommended against the license because it would not restrict him to working as a trader.
"Although obviously important to the proper functioning of a securities brokerage firm, the NASD rules which were violated and the violations themselves do not appear to involve retail customers or any allegations of fraud or dishonesty," Hunt wrote.
"Historically, it does not appear that (Geiger) has had any problem functioning in (a trader) capacity. However, under the Ohio Securities Act there is no differentiation among securities salesman licenses."
Geiger declined to go into specifics about the division hearing because he is appealing the decision to Franklin County Common Pleas Court.
"I wish I could tell you my side of the story, but I don’t know what help it could be," he said.
******************************************************************************************
******************************************************************************************
sierrabrokerage.com
Richard Geiger
Mr. Geiger works as a wholesale equity trader for Sierra out of his home office in East Peoria, Illinois. Richie is responsible for market making in several small OTC stocks, and relays all order flow to Messrs. Richardson and Bialecki at the firm's trading desk. Richie has been a trader for over 20 years and originally hails from New York.
You may contact him on his direct trading line, 1-888-681-7575, or via email atrichie@sierrabrokerage.com. |
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| To: Mr. Jens Tingleff who wrote (52) | 1/21/2002 6:14:32 PM | | From: StockDung | | | | Did you notice that Geiger of Sierra Brokerage? Was president of Lexington Securities (Now known as Preston Langley Asset Management.)
On September 16, 1997, the Ohio Division of Securities issued a Final Order
to Deny Application for Securities Salesman License, Division
Order No. 97-237, against Richard Geiger
=========================================
Richard Geiger
sierrabrokerage.com
==========================================
Posted: Oct. 6, 1997
Applicant says ODOS license denial unfair
By DOUG BUCHANAN
Daily Reporter Staff Writer
The Ohio Division of Securities has denied a license to a Westerville man with 20 years in the business in a decision the man says unfairly focuses on one prior suspension.
The division determined on Sept. 16 that Richard Geiger was "not of good business repute" and therefore denied his license application.
James F. Hunt Jr., a division hearing examiner, based his recommendation that the license be denied on the fact that Geiger had violated National Association of Securities Dealers rules while serving as temporary president of Chicago-based Lexington Securities Inc. for several months in 1995.
Geiger received a 10-day suspension and a $10,000 fine from NASD for the rules violations. NASD found that Geiger had continued to work as Lexington’s head after failing the principal’s exam, and that the firm had failed to properly report some trades and had employed an unregistered representative while he was in charge.
Geiger, who was to be a trader at Sierra Brokerage Services Inc. in Columbus, said the actions in question didn’t involve fraud and that he agreed to the suspension to get on with his life.
"I’ve been in the business for 20 years and never had a complaint against me in my life," he said.
In his report to the division, Hunt agreed Geiger had no prior disciplinary action, but still recommended against the license because it would not restrict him to working as a trader.
"Although obviously important to the proper functioning of a securities brokerage firm, the NASD rules which were violated and the violations themselves do not appear to involve retail customers or any allegations of fraud or dishonesty," Hunt wrote.
"Historically, it does not appear that (Geiger) has had any problem functioning in (a trader) capacity. However, under the Ohio Securities Act there is no differentiation among securities salesman licenses."
Geiger declined to go into specifics about the division hearing because he is appealing the decision to Franklin County Common Pleas Court.
"I wish I could tell you my side of the story, but I don’t know what help it could be," he said.
Copyright 1997, The Daily Reporter
-----------------------------------------------------------
............................Richard Geiger
*************** PREVIOUS EMPLOYMENT (4 of 8) ***************
Employing Firm: LEXINGTON SECURITIES, INC.
Firm CRD Number:
Office of Employment address: CHICAGO, IL
Start Date: 06/1995 End Date: 10/1995
-------------------------------------------------------------------------------------
For Release:
Contacts: Monday, November 2, 1998
Nancy A. Condon
(202) 728-8379
Other Contact: Barry Goldsmith
(202) 974-2850
NASD Regulation Fines Lexington Capital, President for Securities Violations; Both Ordered to Pay Restitution to Investors
Washington, D.C.—NASD Regulation, Inc., announced that it has censured and fined Lexington Capital Corporation, New York, NY, $100,000 and its CEO and President, Alan Michael Berkun, $150,000. The firm and Berkun were also ordered to pay more than $200,000 in restitution and interest to nearly 200 investors.
Berkun was also censured and barred as a general securities principal. Another former employee and broker, Joseph Marc Blumenthal, was censured, barred, and fined $100,000.
Lexington (formerly known as Marlowe & Company, and now known as Preston Langley Asset Management) and Berkun, both neither admitting nor denying NASD Regulation’s findings, were sanctioned for collaborating to defraud investors and impeding regulatory scrutiny. Specifically, Lexington and Berkun were charged with violating the federal securities laws by, among other things, selling thousands of shares of a penny stock, U.S. Bridge Corp., to nearly 200 investors without making the required disclosures and determining if the investors were suitable to purchase these securities. The complaint, filed by the NASD Regulation’s New York District office, also alleged that Lexington and Berkun also charged investors more than $100,000 in fraudulently excessive markups in connection with an unregistered public distribution of 100,000 shares of Crown Laboratories, Inc. common stock. The excessive markups ranged from 47 percent to over 70 percent.
In addition, NASD Regulation found that the firm and Berkun, allowed an individual, who had been barred by NASD Regulation in 1992, to be associated with Lexington, without receiving proper regulatory approvals. Individuals who have been barred and want to re-enter the securities industry are required to obtain approval from NASD Regulation and the SEC.
NASD Regulation also charged that Lexington, acting through Berkun and others, falsified the firm’s books and records to conceal the fact that Blumenthal solicited and effected over 300 transactions with investors while not properly registered with NASD Regulation and several states.
Investors can obtain the disciplinary record of any NASD-registered broker or brokerage firm by calling (800)289-9999, or by sending an e-mail through NASD Regulation’s Web Site (www.nasdr.com).
NASD Regulation oversees all U.S. stockbrokers and brokerage firms. NASD Regulation, along with The Nasdaq Stock Market, Inc., are subsidiaries of the National Association of Securities Dealers, Inc. (NASD ), the largest securities-industry self-regulatory organization in the United States.
Investors who have questions should contact NASD Regulation at (301) 590-6500.
------------------------------------------------------------------------
October 18, 2001
PRESS RELEASE
SUPERSEDING INDICTMENT CHARGES 25 DEFENDANTS
IN $100 MILLION BOILER ROOM STOCK FRAUD SCHEME
ALAN VINEGRAD, United States Attorney for the Eastern District of New York, ELIOT SPITZER, New York State Attorney General, and BARRY W. MAWN, Assistant Director-in-Charge of the Federal Bureau of Investigation in New York, today announced the unsealing of a superseding indictment charging 25 defendants with participation in a massive stock fraud scheme. (1) These charges are part of the ongoing criminal case, United States v. Jonathan Winston, et al. In December 2000, a federal grand jury in Brooklyn charged 20 individuals with participation in a stock fraud scheme that defrauded thousands of individual investors out of more than $50 million. The superseding indictment charges nine new defendants and six defendants named in the original indictment with additional crimes that continued and extended over a three year period from February 1998 through March 2001, involved two corrupt brokerage firms, and resulted in the manipulation of the securities of at least two companies. The additional charges allege the defendants defrauded hundreds of individual investors out of more than $50 million, bringing the total loss to investors to over $100 million. The defendants are charged with securities, mail and wire fraud and money laundering, as well as conspiracies to commit these crimes. This case is the result of a joint investigation conducted by the United States Attorney's Office, the New York State Attorney General's Office, the FBI and the Securities and Exchange Commission.
The newly charged aspect of the scheme was led by defendants HUNTER ADAMS, GREGG ADAMS, JONATHAN DONESON, RUSSELL EHRENS and ROBERT MANGIARANO, who, together with others, controlled the following brokerage firms: Preston Langley Asset Management, Inc. ("Preston Langley"), which had an office in Hauppauge, Long Island, and later re-located to Manhattan; and Stockton Equities Group ("Stockton Equities"), which had offices in San Diego, California, and Manhattan. Each of these firms is now defunct. The ten other defendants, ALAN BERKUN, JAMES BILA, LEONARD BILA, CHRISTIAN BLAKE, BRIAN CARROLL, JOSEPH DIGIROLAMO, DAVID LAVENDER, ROBERT LISNOFF, JOSEPH MANNINO, and ANTHONY SCALA, were brokers at the two firms. The indictment alleges that HUNTER ADAMS is an associate of the Gambino Organized Crime Family.
The defendants are charged with utilizing various means to manipulate the market price of the securities of companies that traded their securities on the Over-the-Counter Bulletin Board market, and engaged in other deceptive sales practices with respect to public investors. The companies whose securities (hereinafter referred to as "House Stocks") were the subject of manipulation included Americom Networks International, Inc. ("Americom") and Global Eco-Logical Services, Inc. ("Global").
As alleged in the indictment, the defendants' scheme followed a pattern: HUNTER ADAMS, GREG ADAMS, ALAN BERKUN, JONATHAN DONESON, RUSSELL EHRENS and ROBERT MANGIARANO acquired secret control over large blocks of stock of the House Stocks. The defendants acquired the House Stocks for little consideration, usually by paying kickbacks or prearranging trades with those who controlled the House Stocks. Having obtained control of the House Stocks, the defendants then artificially and illegally inflated the stocks' prices. The defendants made false and fraudulent representations to retail customers, used high pressure and deceptive sales tactics, paid and accepted excessive, undisclosed commissions and sales credits, made unauthorized trades in retail customer accounts, and authorized unregistered brokers and cold callers routinely to misrepresent to customers that they were registered brokers.
The high pressure and deceptive sales tactics used by the brokers included forecasting enormous returns on investments, luring customers to buy or hold House Stocks by promising that the customers would be allowed to participate in future lucrative deals, and verbally abusing customers who resisted advice to buy or hold House Stocks.
As the price of the House Stocks rose as a result of these unlawful techniques, the defendants sold their shares of House Stocks from accounts that they secretly controlled to customers of Preston Langley and Stockton Equities, reaping huge profits.
The defendants then sought to maintain the price of the House Stocks held by customers of Preston Langley and Stockton Equities so that the scheme would go undetected and the Preston Langley and Stockton Equities customers could be solicited again to purchase other artificially inflated House Stocks. The defendants artificially maintained the price of the House Stocks by a variety of techniques designed to insulate the House Stocks from the adverse pressure of a lack of genuine market demand, which would cause the stock price to collapse. These techniques included using high-pressure tactics and false statements to persuade customers not to sell House Stocks, and failing to take and execute customer orders to sell.
Eventually, after the defendants sold all or most of their shares of a House Stock at artificially inflated prices, they withdrew their support of the price of the House Stock and allowed it to collapse, causing their customers to sustain heavy losses. For example, between May 1998 and June 1999, the defendants drove the price of Americom stock up to $11.00 per share before allowing it to plunge to less than a 5 cents per share. Similarly, during the charged conspiracy, Global fluctuated from a high of $9.00 to a low of 2 cents per share. Currently, Americom is listed at approximately at 1 cent per share and Global is listed at 2 cents per share.
HUNTER ADAMS, GREGG ADAMS and ALAN BERKUN are also charged with laundering millions of dollars of proceeds of securities, mail and wire fraud through various domestic and foreign bank accounts.
In announcing the indictment, United States Attorney ALAN VINEGRAD: "This case is an example of our continuing efforts to protect the public from the rigged investment 'opportunities' that are presented to the unsuspecting investing public by boiler room operations like First United, Lexington Capital, and AGS, named in the underlying indictment, and now, Preston Langley and Stockton Equities, in the superseding indictment. Here, thousands of investors throughout the United States, sophisticated and unsophisticated, lost tens of millions of dollars because of the defendants' fraudulent practices. This prosecution should send the strong and clear message that unlawful high pressure and deceptive sales practices and market manipulation will not be tolerated. Those responsible will be brought to justice, and we and our partners in law enforcement will continue our efforts to protect the fairness and integrity of our nation's securities markets."
ELIOT SPITZER, New York State Attorney General, stated: "This case has proven yet again that the only thing that's guaranteed about the supposedly 'safe and guaranteed' investments being sold by boiler operations is that the victims who fall prey to their empty promises and high-pressure sales tactics will lose their money. The best thing that members of the public can do when called to invest their hard-earned money by someone they don't know is to hang up the phone. We will continue to work vigilantly with our partners in law enforcement to ensure that those behind these 'pump and dump' stock swindles are prosecuted to the fullest extent of the law."
BARRY W. MAWN, Assistant Director-in-Charge of the Federal Bureau of Investigation in New York, stated: "The elements of high-pressure, deceptive, boiler room sales tactics and organized crime influence are a pernicious combination for the investing public. These defendants targeted retail customers who were most susceptible to their exaggerated sales pitches. The result was enormous unjust enrichment for the defendants and devastating financial losses for the victims. Working with our partners in law enforcement and securities regulation, we will maintain our vigilance to punish violators and protect the investing public."
The defendant JONATHAN DONESON is expected to surrender to law enforcement authorities in San Diego, California, this afternoon. The remaining 14 defendants facing new charges in the superseding indictment surrendered this morning in Brooklyn and were arraigned and released on bail this afternoon by United States District Judge Nicholas G. Garaufis.
The government's case is being prosecuted by Assistant United States Attorneys Kenneth M. Breen and Arthur Hui, and Special Assistant United States Attorney/Assistant Attorney General John Panagopoulos.
In a related development, the Securities and Exchange Commission, Southeast Regional Office, today instituted administrative proceedings against HUNTER ADAMS, GREG ADAMS, ALAN BERKUN, ROBERT LISNOFF, JAMES BILA, LEONARD BILA, CHRISTIAN BLAKE, BRIAN CARROLL, JOSEPH DIGIROLAMO and JOSEPH MANNINO based on conduct that occurred at Preston Langley. The administrative proceedings allege violations of the antifraud provisions of the federal securities laws.
The Defendants:
HUNTER ADAMS
DOB: 6/30/67
Add: 1954 Bay Boulevard
Atlantic Beach, New York 11509
GREGG ADAMS
DOB: 5/1/74
Add: 401 East 60th Street
New York, New York 10022
ALAN BERKUN (Added in superseding indictment)
DOB: 8/24/58
Add: 83 Arnold Court
East Rockaway, New York 11518
JAMES BILA
DOB: 4/13/70
Add: 158 N. Colony Drive
Holbrook, New York 11741
LEONARD BILA (Added in superseding indictment)
DOB: 4/13/70
Add: 158 N. Colony Drive
Holbrook, New York 11741
CHRISTIAN BLAKE
DOB: 2/24/70
Add: 1815 East 17th Street
Brooklyn, New York 11229
BRIAN CARROLL (Added in superseding indictment)
DOB: 12/4/75
Add: 9513 Avenue N
Brooklyn, New York 11236
JOSEPH DIGIROLAMO (Added in superseding indictment)
DOB: 5/29/76
Add: 1621 Canarsie Road
Brooklyn, New York 11236
JONATHAN DONESON (Added in superseding indictment)
DOB:
Add:
RUSSELL EHRENS (Added in superseding indictment)
DOB: 2/16/61
Add: 240 Berry Hill Road
Syosset, New York 11791
DAVID LAVENDER (Added in superseding indictment)
DOB: 4/1/69
Add: 395 East End Ave., Apt. 2K
New York, New York 10280
ROBERT LISNOFF (Added in superseding indictment)
DOB: 3/10/64
Add: 3902 Beacon Ave.
Seaford, New York 11783
ROBERT MANGIARANO
DOB: 4/27/73
Add: 766 Colima La Jolla
California 92037
JOSEPH MANNINO
DOB: 11/18/73
Add: 353 South 11th Street
Lyndenhurst, New York 11757
ANTHONY SCALA (Added in superseding indictment)
DOB: 11/12/71
Add: 424 Gravesend Road
Brooklyn, New York 11223
1. The charges contained in the indictment announced today are merely accusations, and the defendants are presumed innocent unless and until proven guilty. |
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| To: Mr. Jens Tingleff who wrote (52) | 1/21/2002 6:17:34 PM | | From: StockDung | | | | | You may want to send a note to ELIOT SPITZER, New York State Attorney General if you feel you may have information that he may be interested in viewing. |
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| To: Mr. Jens Tingleff who wrote (52) | 1/30/2002 5:15:26 PM | | From: StockDung | | | | Subj: “CHWT” - CHINESE {YAHOO} UPDATE – PENNY STOCK PICKER
Date: 2/28/01 4:36:45 PM Eastern Standard Time
From: stockfinder5@i-ops.com
“CHWT” - CHINESE {YAHOO} UPDATE – PENNY STOCK PICKER
Hello Penny Stock Picker & Investor Alert Subscribers. Please read the CHINA WORLD TRADE (NASDAQ OTCBB “CHWT”) update by Tom Heysek @ thepennystockpicker.com.
Recently this stock has risen from $.34 to a high of $.75 cents. This update will give you Tom’s reasons as well as a better understanding of the market for “CHWT”.
To read the complete report on “CHWT” please visit thepennystockpicker.com.
Thank you for your time.
To be removed from future updates please click here and we will remove you from our database.
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MARKET UPDATE & FEATURE REPORT ON “CHWT”
by Tom Heysek
MARKET UPDATE:
The final numbers are beginning to roll in regarding the stocks-only component of the Mutual Fund Industry for the year 2000. Interesting reading. According to the Investment Company Institute in Washington, D.C., the trade-organization for the Mutual Fund Industry, the amount of money under management by stock-only mutual funds totaled $3.4 Trillion at the end of 2000, versus $3.5 Trillion at the end of 1999. Given the scope of diminished values in the market in 2000, on the surface, that may seem acceptable.
But wait a minute. Further inspection of the numbers reveals that $309 Billion in fresh individual investor capital flowed into that Industry in 2000. This means that assets under management for the stock-only component of the Mutual Fund Industry might have at least reached $3.8 Trillion by the end of 2000. Instead, however, the asset value of that component of the Industry contracted by $400 Billion ($3.8 Trillion less the actual value of that component's asset value at 12/31/00, or $3.4 Trillion).
Click here to continue on the Heysek Report Market Update
FEATURE REPORT:
Here is this week’s Penny Stock Picker Report for your investment consideration: China World Trade Corp (CHWT: NASDAQ OTCBB). China WTC is the first business-to-business portal published in both the Chinese and English languages…and focused on the small-to-medium sized trading company. We believe this company is a Winner now. It fills a space of Chinese & English language combined, that is unique, it’s focus is 100% Chinese small-medium enterprises. Generally such companies are lower cost producers who worldwide companies will seek out to reduce their own production costs in a slower American economy. This one point should be examined seriously by all readers because as readers of this newsletter you must understand that true investment opportunities exist and will continue to exist in the marketplace because the best investment opportunities are those subtly emerge rather than ones that are pushed at you to do now. Currently, the Company will have two primary revenue streams many more will follow:
Membership dues (from membership in World Trade Corp)
Trading Commissions from trade transactions facilitated by CHWT
The World Trade Center Club is an international organization comprised of more than 300 clubs in over 100 countries, with corporate membership numbering 700,000. The forecast of Operating Results below is based upon CHWT accumulating a modest 7,000 in corporate membership (< 1% market penetration) by the fifth year. From its World Trade Center Club in Beijing, the Company expects to add two additional clubs by the end of next year.
China / Asia are expected to be the next boomtown of the Internet World. With Broadband Wireless Internet coming fast China’s Billion plus population will explode onto the Internet. Just as the US exploded with Internet usage over the last five years next will be China. Just look at these growth expectations.
Internet access (M)
%'age world online pop.
2003 (est. in M)
Total pop. (M)
GDP ($B)
%'age of world economy
English
192.1
47.6%
230
500
$12,257
29.8%
Non
English
211.3
52.4%
560
5600
$28,843
70.2%
Chinese
29.0
7.2%
160
885
$1377
3.3%
China / Asia population over the Internet will grow by nearly 5X.. Look to the same opportunities in Asia as we saw in early Internet technologies in the US markets.
Obtaining Letter of Credit financing is arguably one of the more serious impediments for small-and-medium size companies. Recent financial sector initiatives at GE Capital have produced technological advances in this otherwise labor-intensive documentation (i.e. letter of credit financing). CHWT expects to be the Marketing Agent for this proprietary technology, once generally available later this year, and would greatly enhance its trade volume forecasts.
Click here for the full report on CHWT
thepennystockpicker.com
CHINA WORLD TRADE CORP
by Tom Heysek
China WTC is the first business-to-business portal published in both the Chinese and English languages…and focused on the small-to-medium sized trading company. The Company will have two primary revenue streams:
Membership dues (from membership in World Trade Corp)
Trading Commissions from trade transactions facilitated by CHWT
The World Trade Center Club is an international organization comprised of more than 300 clubs in over 100 countries, with corporate membership numbering 700,000. The forecast of Operating Results below is based upon CHWT accumulating a modest 7,000 in corporate membership (< 1% market penetration) by the fifth year. From its World Trade Center Club in Beijing, the Company expects to add two additional clubs by the end of next year.
China / Asia are expected to be the next boomtown of the Internet World. With Broadband Wireless Internet coming fast China’s Billion plus population will explode onto the Internet. Just as the US exploded with Internet usage over the last five years next will be China. Just look at these growth expectations.
Internet access (M)
%'age world online pop.
2003 (est. in M)
Total pop. (M)
GDP ($B)
%'age of world economy
English
192.1
47.6%
230
500
$12,257
29.8%
Non
English
211.3
52.4%
560
5600
$28,843
70.2%
Chinese
29.0
7.2%
160
885
$1377
3.3%
China / Asia population over the Internet will grow by nearly 5X.. Look to the same opportunities in Asia as we saw in early Internet technologies in the US markets.
Obtaining Letter of Credit financing is arguably one of the more serious impediments for small-and-medium size companies. Recent financial sector initiatives at GE Capital have produced technological advances in this otherwise labor-intensive documentation (i.e. letter of credit financing). CHWT expects to be the Marketing Agent for this proprietary technology, once generally available later this year, and would greatly enhance its trade volume forecasts.
Forecast of Operating Results, Commencing First Full Year of Operations
(Projected at July 1, 2001)
(Income Statement items in Thousands, except per share amounts)
First Second Third Fourth Fifth
Period ended: 6/02 6/03 6/04 6/05 6/06
Revenues:
Membership # 1,000 2,500 4,000 5,500 7,000
@$5,000 per m'ship
$5,000 $12,500 $20,000 $27,500 $35,000
Trading Commissions
50,000 150,000 350,000 600,000 1,000,000
Total Revenues 55,000 162,500 370,000 627,500 1,035,000
Cost of Revenues 50,000 145,000 325,000 546,000 890,000
Gross Profit 5,000 17,500 45,000 81,500 145,000
Overhead 3,000 6,000 12,000 18,000 24,000
Pretax Income 2,000 11,500 33,000 63,500 121,000
Tax Provision (25%) 500 3,000 8,000 15,500 31,000
Net Income $1,500 $8,500 $25,000 $48,000 $90,000
Earnings Per Share $0.05 $0.25 $0.75 $1.50 $2.80
Shares Outstanding Fully Diluted (millions) 27 32 32 32 32
At a recent price of just 35 cents and with 27 million shares outstanding, CHWT has a market cap of less than $10 million…or 20% of its forecast annual sales for the year commencing this July. Alternatively, it is currently valued at 7 times forward-looking EPS. We expect the Company to make progress in cementing strategic relationships over the next six months…especially given CHWT's initiatives to mesh small-to-medium sized Chinese trading businesses onto the worldwide web drive its membership roles, which in turn, drives (captive) trading volume.
As expected operating results for the financial year ahead become more transparent, we believe the stock will return to the $1 / share plus level. Current bear-market-maker sentiment has (erroneously) priced this stock as if it has no future. This is an incorrect investment conclusion, in our opinion, and when there are inefficiencies in market pricing, such as with CHWT, there are usually investment profits to be made when corrected.
If you are one of the $10,000 to $20,000 per transaction investors referenced earlier in this column, consider a purchase of 30,000 to 60,000 shares of CHWT in your next investment allocation. This has the potential to be a three-bagger!
As American companies seek to access less expensive product during 2001 in order to keep their own end-market prices competitive in a slowing economy, there is anecdotal evidence to confirm that these American companies look overseas generally, and to Asia in particular.
Hence, howsoever increased trade with China manifests itself in an uncertain American macro-economic environment this year, China World Trade Corp seems well-positioned to most definitely and commercially participate. At any price under $1 / share, the downside exposure is quite manageable in relation to the upside potential.
Email me your comments, complaints or queries here
EMAILBAG FOR TOM HEYSEK!
If you would like my free report comparing; analytically, China.com to CHWT or if you have any questions for me please complete the contact form on this web site.
Thank you,
Tom Heysek
Research Analyst
Thank you for your interest in The Penny Stock Picker and if you have not subscribed yet please do so by Clicking here!.
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DISCLAIMER: Certain statements in this document are "forward-looking statements" as outlined in the Private Securities Litigation Act of 1995 within the meanings of Section 27A of the Securities Act and Section 21E of the Exchange Act and are subject to certain risks and uncertainties. These risks and uncertainties include but are not limited to economic conditions, changes in the law or regulations, demand for products and services of the company, in the effects of competition. These risks and uncertainties could significantly affect results in the future and actual results may differ materially form any representations herein. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by there nature refer to future events. This press release shall not constitute an offer to sell any securities or solicitation of an offer to buy any securities. This publication is an advertisement on behalf of the said company and may not be construed as investment advice. This is not to be purported to be a complete analysis of the company mentioned. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. Readers should consult with there own independent tax; business and financial advisors with respect to any investment, including any contemplated investment in the advertised company. All information contained in this advertisement should be independently verified with the advertised company and any independent financial analyst. You should independently investigate and fully understand all risks before. Certain companies profiled by Internet Promos, LLC pay consideration in cash and/or stock for the electronic dissemination of company information and, in some cases, web site development. In this promotion, a third party, pursuant to a written agreement, retained Internet Promos LLC to conduct the electronic dissemination of information concerning the profiled company. Internet Promos LLC will be paid under a written contract with the third party an amount of thirty seven thousand shares of the companies common stock. Internet Promos, LLC did not receive any other compensation, of any kind, for this promotion. Internet Promos LLC and/or their affiliates or agents may at any time after receipt of any compensation in stock sell all or part of the stock received into the open market at the time of receipt or immediately after they have profiled a particular company. Internet Promos LLC are not registered investment advisors or broker dealers. |
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| To: Mr. Jens Tingleff who wrote (49) | 1/30/2002 5:18:48 PM | | From: StockDung | | | | Who is the better analyst Ray Dirks or Jonathan Labed the 10th grader? I think Jonathan"s report was better. I do not believe Jonathan Labed would have touted Great White Marine though which was one of the BIGGEST FRAUDS EVER!! BTW, Thomas Heysek is alais Meatloaf and is the person that writes Ray Dirks buy reports. He touts better than Jonathan Labed on the message boards.
....................YOU BE THE JUDGE!!
=====================================================
Tom Heysek
Initiating Research Coverage: Strong Buy Great White Marine & Recreation (OTC BB: JAWS) March 18, 1999
Contact: Tom Heysek @ 212-339-2035
Recent Price: $2.25
52 Week High-Low: 4.50 - 0.71
Shares Outstg: 17.9 million (fully diluted) Insiders Own: 55%
Market Cap: $40.3 million Institutions Own: 21%
Net Income Book Market Cap To:
Sales Amt Mgn EPS* P/E Value* Sales BVPS
(mm) (mm) (PS)
1997 $14.3 $1.7 12% $0.29 8 x $0.33 3 x 7 x
1998 25.6 3.3 13% 0.26 9 x 0.51 2 x 4 x
1999 (e) 40.0 5.5 14% 0.30 8 x 0.82 1 x 3 x
2000 (e) 60.0 9.0 15% 0.50 5 x 1.32
stockhouse.com
=====================================================
By: meatloaf
Reply To: 2503 by sailbad43 Saturday, 4 Mar 2000 at 1:24 AM EST
Post # of 4572
"As to the FUSA reference in your message, we actually first wrote that up at $4. By the way, earnings and sales came in at precisely our estimates...at a time when no one else was even making forecasts "
======================================================
SECURITY CAPITAL TRADING, INC. UPDATES RECENT ANALYST REPORT AFTER FOTOBALL USA ISSUES THIRD QUARTER RESULTS
Story Filed: Monday, November 08, 1999 2:33 PM EST
NEW YORK, Nov 8, 1999 /PRNewswire via COMTEX/ -- The following is being issued by Security Capital Trading, Inc., a member of the National Association of Securities Dealers, CRD Number 35909:
Fotoball recently reported third quarter operating results that were considerably better than expected. Relative to the year ago third quarter, sales advanced 110% to $9.8 million, while operating profit margins increased to 41%. Operating expenses declined to 31% of sales (versus 36%) reflecting the on-going benefits to shareholders from expense control initiatives begun in 1998. Accordingly, EPS almost quadrupled to $0.18 in the third quarter versus $0.05 in the prior year's comparable quarter. Based upon these results, we are increasing our 1999 EPS estimate to $0.50 (up from $0.45).
Fotoball has now reported seven consecutive quarters of sequentially increasing Sales, Pretax Income and EPS. Nine month results show Sales increasing 75%, with Pretax Income and EPS tripling over the comparable nine month results in 1998. As illustrated in the table on the next page, we expect full year sales for 1999 of $31 million (up 62%) and increases in Pretax Income and EPS of approximately 2.5 times.
We believe the impressive string of triple digit gains since mid-1998 suggests that FUSA has now back-filled in recovering from prior period weaknesses, and that longer term growth rates will come in at the 40% level ... still a robust outlook. We look for EPS of $0.70 in 2000, then $1.00 in 2001. We have also revised upward our short term target price to $12 - $15 (up from a $10 - $12 target range). This target range translates into a multiple of 25 times EPS in 2000, a time frame which the market will begin to assess in just a few more months. The numbers follow:
Fotoball USA
(Nasdaq: FUSA)
Recent Price: $6.50
52 Week High: 8.00
52 Week Low: 2.00
Shares Outstanding: 3.4 million (fully diluted)
Market Capitalization: $22.1 million
Insiders Own: 21.5% (732,000 shares)
Pretax Earnings
Sales Income Mgn Per Share P/E
(MM) (MM)
1997 $12.2 ($2.8) n.c. ($1.04) n.c.
1998 19.1 1.0 5% 0.22 30 x
1999 (e) 31.0 2.6 8% 0.50 13 x
2000 (e) 43.0 4.0 10% 0.70 9 x
2001 (e) 60.0 6.0 10% 1.00 7 x
Contributing Analysts: Leo Murphy and Tom Heysek
For a copy of the report, contact Raymond L. Dirks of Security Capital Trading, Inc., 520 Madison Avenue, 10th floor, New York, New York 10022-4213, 212-339-2000 or 888-305-0050, or fax, 212-339-2020.
SOURCE Security Capital Trading, Inc. (C) 1999 PR Newswire. All rights reserved. prnewswire.com
CONTACT: Raymond L. Dirks of Security Capital Trading, Inc.,
212-339-2000 or 888-305-0050, fax, 212-339-2020
=============================================
ragingbull.lycos.com
By: Lebed316 $$$
Reply To: None $ Tuesday, 4 Aug 1998 at 9:56 AM EDT
Post # of 82
Company Profile:
Fotoball USA, Inc
OTC BB: FUSA
President/CEO: Michael Favish
CFO/CAO/Exec VP-Fin/Treas: David G. Forster
3738 Ruffin Road
San Diego, CA 92123
(619) 467-9900
Current Price: Bid-$2 9/16 Ask-$2 11/16
52 Week Trading Range: $1 - $3 3/8 (peaked $10 a couple of years ago)
1998 Estimated EPS: $0.20
1999 Estimated EPS: $0.40
Current Shares Outstanding: 2.7MM
Current Float: 2MM (actually, only 600K is available to trade)
Our 6-12 month outlook: $8
About Fotoball USA, Inc:
Fotoball USA designs, develops and manufactures high quality custom sports products which are sold in the licensed product retail market through a nationwide network of over 2,000 retailers including WalMart, J.C. Penney, Kmart, Target, Sears, Ames, Gart Bros. and The Sports Authority. Additionally, the Company provides custom sports and non-sports related products for corporate promotions and non-licensed specialty sports products to corporations for resale, including sales to amusement parks and entertainment related companies. The Company currently holds licenses with NHL
Enterprises, National Hockey League Players Association, Major League Baseball Properties and Major League Baseball Players Association, National Football League Properties and NFL Players Inc., and over 300 NCAA colleges. Additional Stores recently signed with include...Disney, Six Flags, and Toys-R-US.
FUSA has had trouble in the past, but 1998 is starting to become their turn around year. They have once again become profitable, and made $0.06 eps in the first half of this year. FUSA is not the type of company that will make projections on their earnings, and hype themselves. However, at the beginning of the year...they did state that 1998 will be a profitable year with strength from quarter to quarter...which is proving to be true.
The Company has two major businesses...the retail side, and the promotional side. On the retail side, they sell their products to many of the major retail chains, which were mentioned earlier. On the promotional side, they make special products for their major customers such as McDonalds.
Fotoball competes against all of the other well-known companies in the sporting good industry. The difference between them is, Fotoball has capitalized on markets which their competitors never even thought of. They are able to get into an area of a hot topic, within hours. FUSA is likely the most highly innovated company in the entire industry.
FUSA has recently reached an agreement with National Football League Properties (``NFLP'') pursuant to which the Company will be granted a license to imprint the logos of NFL teams, and league marks on both mini footballs and full-size limited edition team, player and commemorative footballs on genuine antique leather and synthetic leather. The Company has also received licensing rights from most of it's 350 licensed NCAA universities to sell full-size souvenir footballs featuring the logos of NCAA universities.
In addition to that they have reached an agreement with Nickelodeon and MTV Networks (``MTVN'') pursuant to which the Company will be granted a license to use MTVN's ``Rugrats'' and ``The Rugrat Movie'' properties in outdoor sports toys. The Rugrats are the number one rated kids television show. The Rugrat movie will be out in November of this year, and initial sales of Rugrats products by other companies, have been very successful.
Links:
FUSA Homepage:
fotoball.com
The President of Fotoball was recently interviewed on the Stock Line Real Audio show.
This can be heard at:
stnn.com
Also, the day after we started looking at FUSA, Small Cap Investor made it their stock of the month.
Their company profile can be read at:
smallcapinvestor.com
(Voluntary Disclosure: Position- long; ST Rating- strong buy; LT Rating- strong buy)
MEATLOAF MUST HAVE SPOKEN TO JONATHAN LABED MANY TIMES and Maybe they posted to each other on the same message boards?.
re:Fotoball USA (FUSA:Nasdaq NM - news)
10th Grader Charged With Securities Fraud
By Robert Kowalski
Staff Reporter
9/20/00 6:05 PM ET
Internet stock manipulation and securities fraud isn't just for adults anymore.
Just ask 15-year-old Jonathan Lebed of Cedar Grove, N.J.
The Securities and Exchange Commission on Wednesday charged Lebed, who is in 10th grade, with securities fraud and ordered him to pay back $285,000 in alleged illegal stock earnings and interest.
The SEC alleges that Lebed used Internet message boards to talk up, or manipulate, stock prices and then unloaded his positions in what agency administrator David Horowitz called a classic "pump-and-dump" operation.
Lebed was 14 at the time he traded in the nine stocks. On occasion he placed sell limit orders on stocks so that he wouldn't miss a price increase in the security while he was in school the next day, the SEC said.
"He was as sophisticated in doing it as anybody who is older, let's put it that way," said Horowitz, assistant district administrator of the SEC's Philadelphia district office, which announced a settlement with the boy.
The case is the first securities fraud action the SEC has brought against a minor. As part of the settlement, Lebed has promised not to violate securities laws in the future.
Kevin Marino, a Newark, N.J., lawyer representing the youth, said Lebed and his family were pleased with the settlement. As is typical of such agreements with the SEC, the boy neither admitted nor denied guilt.
Horowitz said Lebed has had an interest in stock trading since he was even younger, and maintained a brokerage account in one of his parents' names.
Marino said the youth is an adept investor and "quite computer-literate." "Mr. Lebed, as a teenager, was successful in a school-sponsored investing contest," he added.
Horowitz said he didn't know whether the SEC action would remain on Lebed's record after he becomes an adult. Many criminal charges against minors are removed from their record once they become 21, but the SEC charges are in the form of a civil lawsuit.
"I would suspect that it's there for the world to see," Horowitz said.
Marino disagreed, saying he wouldn't "expect that to be the case."
The stocks Lebed manipulated between August 1999 and February were all thinly traded micro-cap securities, Horowitz said. They included Manchester Equipment (MANC:Nasdaq - news), Just Toys (JUST.OB: OTC BB), Yes Entertainment, Fotoball USA (FUSA:Nasdaq NM - news), Man Sang Holdings (MSHI.OB:OCT BB), West Coast Entertainment (WCEC:OTC BB - news), Havana Republic (HVAR:OTC BB - news), Classica Group (TCGI:OTC SC - news) and Firetector (FTEC:OTC SC - news), Horowitz said |
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| To: Mr. Jens Tingleff who wrote (61) | 1/30/2002 5:22:32 PM | | From: StockDung | | | | A little more on FRAUDULENT THOMAS HEYSEK THE RAGINGBULL RAY DIRKS MESSAGE BOARD ANALYST. TOMS DAY WILL COME SOON.
Great White Marine Recreation (JAWS) Message List Raging Portfolios - Track your stocks here
By: roger_35768 $$$
Reply To: None Thursday, 18 Mar 1999 at 7:18 PM EST
Post # of 1108
Analyst report on JAWS posted by nutstoo on Yahoo board.
I talked to an analyst this morning that is doing a piece on Jaws for his company's internal clients. He is well known so others usually follow his analysis. This was not paid for by GW or anyone. He sent me the article and told me that there was leakage to the outside and that a well know market maker was already "talking down" JAWS big time. This lends strong support that there remains a large short interest in Jaws. Here is the report:
Initiating Research Coverage: Strong Buy
Great White Marine & Recreation (OTC BB: JAWS) March 18, 1999
Contact: Tom Heysek @ 212-339-2035
Recent Price: $2.25
52 Week High-Low: 4.50 - 0.71
Shares Outstg: 17.9 million (fully diluted) Insiders Own: 55%
Market Cap: $40.3 million Institutions Own: 21%
Net Income Book Market Cap To:
Sales Amt Mgn EPS* P/E Value* Sales BVPS
(mm) (mm) (PS)
1997 $14.3 $1.7 12% $0.29 8 x $0.33 3 x 7 x
1998 25.6 3.3 13% 0.26 9 x 0.51 2 x 4 x
1999 (e) 40.0 5.5 14% 0.30 8 x 0.82 1 x 3 x
2000 (e) 60.0 9.0 15% 0.50 5 x 1.32 <1 x 2 x
2001 (e) 90.0 14.0 16% 0.80 3 x 2.10 <1 x 1 x
* based upon fully diluted shares
Net
Growth Rates: Sales Income EPS BVPS
1998/1997 79% 94% -10% 55%
1999 (e)/1998 56% 67% 15% 61%
2000 (e)/1999 (e) 50% 64% 67% 61%
2001 (e)/2000 (e) 50% 56% 60% 59%
Summary & Investment Conclusion
Great White Marine & Recreation is an international distributor to a growing dealer network selling marine and land recreational vehicles. Last year was a foundation year for this Company during which it became public through a reverse merger, raised $4 million in equity to finance the expansion of its market share, and in the process, almost doubled its Net Income to $3.3 million. Further efforts to raise capital are not anticipated for the foreseeable future (see Balance Sheet Highlights, page 3).
This Company fits squarely within our investment research focus that includes overlooked and under-followed public companies exhibiting above average earnings potential. A target price of $10 per share in twelve months represents a price/earnings multiple of 20 times next year's EPS forecast…an eminently defensible market valuation for a company expected to grow, bottom-line, at no less than 60% per annum.
History & Nature of Business
Great White Marine is an international distributor for marine watercraft and recreational land vehicles (and related parts) through a network of 61 dealerships (vs 38 a year ago) in the southwestern USA, Mexico and Central/South America. The Company began business in 1980 as a Manufacturers' Representative for the sale of boats and outboard motors. By the end of the 1980's, the Company had taken over the sales territory (at the request of manufacturers) of a dozen dealerships that had run into financial problems. During the early 90's, Great White's annual sales increased to the $3 - $5 million ranges.
The enactment of NAFTA (North American Free Trade Act) is the catalyst that triggered what is now a robust fundamental outlook. When NAFTA was enacted into law in 1994, the Company's sales began to increase markedly…moreover; the Company showed a profit that year, its first-ever. Sales continued to grow, eventually tripling by 1997 to almost $15 million. Its dealership network had expanded to 20 by 1997, and quantifiable commercial prospects emerged for the Company to enhance its dealer network even further, thereby garnering market share in this $24 billion industry.
Last year represents the foundation year for the Company. In order to take full advantage of opportunities to garner market share, the Company had to raise equity capital. The absence of an Internet-buzz and the sense of urgency to recapitalize precluded a conventional IPO, so by January 1998, the Company consummated a reverse merger with a public shell, thereby emerging as a public entity itself. By September 1998, the Company had raised an additional $4 million in equity, and at the same time changed the name of the public shell with which it merged to the present corporate moniker.
Last Year's Operating Results, in Review…and Outlook
The Company reported solid achievements in both operating results and balance sheet improvements in 1998. These achievements were all the more impressive given the extensive internal corporate development underway for most of the year to pour the foundation that enabled the Company to capitalize upon its market position in the water-craft and recreational vehicle industry. Sales increased 79% last year to $25.6 million from 1997's $14.3 million in sales. Net profit margins increased to 13% from 12%. Fully diluted EPS, however, declined 10% to $0.26 reflecting an increase in the number of fully diluted shares outstanding at year-end 1998 to 17.9 million (from 5.9 million fully diluted shares outstanding the year before). The Company's book value at 12/31/98 mirrors corporate development activities all year long…increasing by a stunning $7.2 million to $9.1 million. This dollar increment in book value is comprised of Net Income in 1998 of $3.3 million plus almost $4 million in fresh equity.
As illustrated in the Balance Sheet Highlights following, most of the capital raised was used to increase Inventories of products in the dealership pipeline. The Company also used its improved Balance Sheet to obtain floor plan financing from an industry leader, Mercedes-Benz Leasing Mexico. The Company intends to remain debt-free, given that any inventory financing is geared to be self-liquidating within 90 days. Days Sales in Accounts Receivable shrunk to six, down from an already rather thin ten days.
Next year and beyond, Great White Marine appears capable of achieving top-line growth of 50% per annum and EPS growth of 60% per annum. This is largely accomplished by garnering market share (via adding more dealers to its network and increasing share-of-market in those locations where it already has a market presence) and gradually increasing its net profit margins one percentage-point per year at least through 2001.
The fact that we expect the Company to remain Long Term Debt-free bolsters our positive, fundamental point-of-view. This outlook translates into $60 million and $90 million in sales respectively for 2000 and 2001, and EPS of $0.50 and $0.80 for those same respective time frames.
Balance Sheet Highlights (Amounts in Thousands)
12/31/97, 12/31/98
Cash $1,250, $2,732
Acct.’s Receivable $409, $419
Inventory $2,204, $482
Total Current Assets $1,879, $7,633
Notes Payable Bks $245, $100
Other Current Liab's $42, $136
Total Current Liab's $287, $236
Net Working Capital $1,592, $ 7,397
Fixed Assets, net $198, $673
Deposits & Other Assets $160, $1,064
Total Net Assets $1,950, $9,134
Represented By:
Long Term Debt $0, $0
Shareholders' Equity $1,950, $9,134
Total Capitalization $1,950, $9,134
Selected Ratios 1997, 1998
Days Sales in A/R 10, 6
Return on Equity 87%, 36%
Wkg Cap/Total Capital 82%, 81%
Tot Liab's/Total Cap 15%, 3%
Sales/Tot Net Assets $ 7.33, $ 2.80
An Overview of Great White Product Lines
Glaston Boats
Skeeter Boats
Polaris personal watercraft*
Polaris All-Terrain-Vehicles (ATV's)*
Fisher Boats
Pursuit Boats
Chaparral Boats
Sea Pro Boats
Viking Sport Cruisers
Outboard Motors:
· Mercury
· Evinrude
· Johnson
Cruiser Yachts
*also sells related accessories, e.g. helmets, shirts, etc.
The tables below illustrate Great White's Operating Results by quarters for 1998 and our quarterly estimates for 1999. While we are expecting a 68% increase in sales in QI and a 67% increase in net income, EPS of 0.07 is 30% below the year ago QI, reflecting 12 million more shares outstanding (17.9 vs. 5.9 million). EPS comparisons do not turn positive until QIII, however, we expect the Company's stock price to mirror its positive fundamental outlook as early as this summer - - - if not sooner.
Quarterly Results
(amounts in millions)
Net Income Average Shares
Sales % Chg. Amount Mgn. % Chg. EPS* Outstg.
(sorry I couldn't put in the table)
* Note: 1998 EPS is based on 12.8 million average shares outstanding for the full year and therefore the total for the year does not equal the sum of the quarters.
(Voluntary Disclosure: Position- long; ST Rating- strong buy; LT Rating- strong buy)
ragingbull.lycos.com |
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| To: Mr. Jens Tingleff who wrote (61) | 1/30/2002 5:24:34 PM | | From: StockDung | | | | CHWTE - CHINA WORLD TRADE CORP Last Price: 0.015 at 14:36 EST
Change: Down 0.015 (-50.00%)
High: 0.02 at 12:26 EST
Low: 0.015 at 12:30 EST
Open: 0.02
Previous Close: 0.03 on 1/29
Volume: 70,000
Currency Units: US Dollar
Exchange/Delay: OTCBB: 15 minutes
Confirm all data with your broker or financial advisor before trading.
Data by: S&P ComStock |
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| To: Mr. Jens Tingleff who wrote (61) | 2/4/2002 9:35:44 AM | | From: StockDung | | | | Case Number: BC147666 CHARLES A LESSER VS GLOBAL GUARANTY CORPORATION ET AL
Filing Date: 4/5/96
Case Type: Commrcial Compl-Not Tort or Complx (Civil - general jurisdiction )
Status: Dismissed - Binding Arbitration 9/18/97
--------------------------------------------------------------------------------
Future Hearings
None
--------------------------------------------------------------------------------
Documents Filed | Proceeding Information
Parties
Global Guaranty Corportion - Defendant/Respondent
Lesser, Charles A. - Plaintiff/Petitioner
Markow, Francine - Defendant/Respondent
Markow, Michael - Defendant/Respondent
Matthias & Berg, Law Offices of - Former Attorney for Deft/Resp
Osborn & Associates - Attorney for Pltf/Petnr
Shaffer, Gold & Rubaum, Law O/O - Attorney for Defendant/Respondent
Worldwide Corporate Finance - Defendant/Respondent
--------------------------------------------------------------------------------
Case Information | Party Information | Proceeding Information
Documents Filed (Filing dates listed in descending order)
8/11/00 Substitution of Attorney
Filed by Attorney for Defendant/Respondent
8/11/00 Substitution of Attorney
Filed by Atty for Defendant and Cross-Compl
8/11/00 Substitution of Attorney
Filed by Atty for Defendant and Cross-Compl
8/11/00 Substitution of Attorney
Filed by Attorney for Defendant/Respondent
8/1/00 Motion to be Relieved as Counsel
Filed by Atty for Deft and Cross-Complnt
8/1/00 Motion to be Relieved as Counsel
Filed by Atty for Defendant and Cross-Compl
4/15/99 Substitution of Attorney
Filed by Attorney for Pltf/Petnr
2/10/99 Notice of Ruling
Filed by Attorney for Deft/Respnt
2/2/99 Opposition Document (TO MOTION TO COMPEL ARBITRATION;)
Filed by Attorney for Deft/Respnt
1/13/99 Motion to Compel
Filed by Attorney for Pltf/Petnr
1/21/98 Notice of Change of Address
Filed by Attorney for Pltf/Petnr
9/18/97 List of Witnesses
Filed by Attorney for Pltf/Petnr
9/18/97 List of Exhibits
Filed by Attorney for Pltf/Petnr
5/30/97 Notice of Change of Address
Filed by Attorney for Deft/Respnt
5/12/97 Notice (OF CONTINUED DATE FOR FURTHERSTATUS CONFERENCE FORJUNE 5, 1997 8:30 A.M IN DEPT 39)
Filed by Attorney for Pltf/Petnr
1/24/97 Answer to Cross-Complaint
Filed by Attorney for Pltf/Petnr
12/6/96 Notice of Status Conference filed
Filed by Clerk
11/13/96 Cross-complaint (SUMMONS ISSUED)
Filed by Attorney for Deft/Respnt
11/13/96 Summons Issued (WITH CROSS-COMPLAINT)
Filed by Clerk
11/13/96 Amended Answer to Complaint (ANSWER TO UNVERIFIED SECONDAMENDED COMPLAINT [FILED CONCU-RRENTLY WITH CROSS-COMPLAINT])
Filed by Attorney for Deft/Respnt
10/24/96 Points and Authorities
Filed by Attorney for Pltf/Petnr
9/25/96 Amended Complaint (Second Amended Complaint)
Filed by Attorney for Pltf/Petnr
4/5/96 Complaint
--------------------------------------------------------------------------------
Case Information | Party Information | Documents Filed
Proceedings Held (Proceeding dates listed in descending order)
9/6/00 at 08:30 am in department 39, Victor H. Person, Presiding
Motion to be Relieved as Counsel - Off Calendar
2/9/99 at 09:00 am in department 39, Edward M. Ross, Presiding
Motion to Compel - Granted
9/22/97 at 09:30 am in department 39, Edward M. Ross, Presiding
Jury Trial - Off Calendar
9/18/97 at 08:30 am in department 39, Edward M. Ross, Presiding
Final Status Conference - Case Dismissed/Disposed
6/5/97 at 08:30 am in department 39, Edward M. Ross, Presiding
Further Status Conference - Completed
5/8/97 at 08:30 am in department 39, Edward M. Ross, Presiding
Further Status Conference - Proceeding continued
1/24/97 at 08:30 am in department 39, Edward M. Ross, Presiding
Status Conference - Completed
10/31/96 at 09:00 am in department 39, Edward M. Ross, Presiding
Hearing on Demurrer - Demurrer sustained without leave
9/5/96 at 09:00 am in department 39, Edward M. Ross, Presiding
Hearing on Demurrer - Demurrer sustained without leave
7/31/96 at 09:00 am in department 39, Edward M. Ross, Presiding
Hearing on Demurrer - Off Calendar |
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