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Strategies & Market Trends
Mark Valentine, Thomson Kernaghan, TK Holdings...
An SI Board Since June 2003
Posts SubjectMarks Bans
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Emcee:  StockDung Type:  Unmoderated
Mark Valentine, Thomson Kernaghan, TK Holdings...
mary.cc
======================================
Pichure of Mark Valentine who is currently under indictment for Securities fraud in Florida
mary.cc

10/28002 article: Predator or prey
mary.cc

NEW NEW! Valentine arrested and indicted August 15, 2002 for money laundering, securities fraud... mary.cc

NEW! Valentine ousted from Thomson Kernaghan, Canadian securities investigates, his trading license temporarily suspended. Click to read more. June 19, 2002
nationalpost.com
9BC2-635CD7C2CB21

Mark Valentine controls/controlled at least 10% of Thomson Kernaghan as per below article, sometimes spelled Thomason or Thompson Kernaghan which is a Canadian brokerage house. They invest money for clients and have analysts which recommend stocks. They also have investment funds which include hedge funds and funds for private placement into public companies. They are as of September 2002 basically out of business. Valentine also controls TK Holdings with his partners and others.

One of the things Valentine does to make money is toxic convertible death spiral financing. More information here on how it specifically works mary.cc He generally preys upon small otcbb companies or penny stocks who could get no other type of financing. The CEO's of these companies sign agreements that basically allow him to short the shares for profit. He agrees to give them say $15M in cash in exchange for $15M worth of shares. The companies start by giving him say $1.2M worth of shares at say a 10% to 25% discount which he then sells instantly on the open market through a Cayman strawman or another Caribbean island. He gives the $1.2M to the company and keeps the discount amount in shares or cash. Each agreement is different so please refer to the SEC filings. He also shorts the shares through his strawman which drives the price down so he can get more shares on the next round of the financing. The dilution and heavy selling is also a factor in the price decline. He has done this with many companies including but not limited to ASTN, NPCT, MBPT, IFTA, FONX, MBNX, JNOT, Internet Law Library, Restaurant Teams International... A search of 10kwizard.com will show you more.

Some of these companies chose to sue him such as npct, mbpt, Internet Law Library, Restaurant Teams, .. and they have not won. When these companies sue him for stock manipulation and fraud, he counter sues for slander and libel. MBPT settled with them, see link below. I also think he pressures the CEOs to settle as they signed contracts which make what he did legal as per the contract. CEOs have been sued for agreeing to toxic funding. When these companies settle with him, they must state publicly that he did no wrong. MBPT made such a statement in a press release and SEC documents copied here. mary.cc

Here is a case which was "won" which O'Quinn brags about in PRs as proof they can be won. No one bothered to show up as defense. They got an automatic judgment but haven't collected anything.

Miami-Dade Co., Fla., Cir. Ct., No.
98-08358 CA 01 (July 25, 2001)
Arthur W. Tifford
Solo practitioner, Miami
No one at trial
Pending collection

Great article showing that the loser companies are in on the deal
taylorstock.com
if this link is dead, go here mary.cc

Some information on Valentine.
mary.cc

A lawsuit by one company he funded.
mary.cc

Legal documents in the lawsit of another, NPCT by company paid stock promoter
investortoinvestor.com
w_thread&om=53&forum=NewsletterDiscussion&omm=0

He has his analysts hype up stocks after he's in them
mary.cc

Southridge Capital wins judgement against company it funded which had sued
mary.cc

Thomson Kernaghan was the broker for the toxic financing with Southridge Capital.

A few lawsuit dockets

1 SOUTHRIDGE CAPITAL nysdc 1:1998cv06116 08/28/1998 190 03/05/1999
CLARKE vs. FONIX CORPORATION
2 SOUTHRIDGE CAPITAL casdc 3:2001cv00779 05/04/2001 190 06/08/2001
MOBILE PET SYSTEMS vs. SOUTHRIDGE CAPITAL
4 SOUTHRIDGE CAPITAL nysdc 1:2001cv06600 07/20/2001 850
INTERNET LAW LIBRARY vs. SOUTHRIDGE CAPITAL
5 SOUTHRIDGE CAPITAL MANAGEMENT LLC txsdc 4:2001cv00300 01/26/2001 850 06/15/2001
INTERNET LAW LIBRARY vs. SOUTHRIDGE CAPITAL
6 SOUTHRIDGE CAPITAL MANAGEMENT LLC codc 1:2001cv00790 04/27/2001 850 07/27/2001
NANOPIERCE TECH INC vs. SOUTHRIDGE CAP MGT
7 SOUTHRIDGE CAPITAL MANAGEMENT LLC codc 1:2001cv01940 10/02/2001 850
NANOPIERCE TECH INC vs. SOUTHRIDGE CAP MGT
8 SOUTHRIDGE CAPITAL MANAGEMENT LLC txsdc 4:2001cv02895 08/24/2001 160
BREWER vs. SOUTHRIDGE CAPITAL
9 SOUTHRIDGE CAPITAL MANAGEMENT LLC txsdc 4:2001cv03197 09/18/2001 850
HOAGLAND vs. SOUTHRIDGE CAPITAL
11 SOUTHRIDGE CAPITAL MANAGEMENT LLC nysdc 1:2001cv06600 07/20/2001 850
INTERNET LAW LIBRARY vs. SOUTHRIDGE CAPITAL
12 SOUTHRIDGE CAPITAL MANAGEMENT, LLC nysdc 1:1998cv06116 08/28/1998 190 03/05/1999
CLARKE vs. FONIX CORPORATION
13 SOUTHRIDGE CAPITAL MANAGEMENT, LLC casdc 3:2001cv00779 05/04/2001 190 06/08/2001
MOBILE PET SYSTEMS vs. SOUTHRIDGE CAPITAL
17 VALENTINE, MARK txndc 4:1998cv00452 05/22/1998 850 01/19/1999
SOVEREIGN PARTNERS vs. LONE STAR INTERNATIO
18 VALENTINE, MARK azdc 2:1998cv00497 03/18/1998 850 03/23/1999
INFOPLAN PARTNERS vs. THOMSON KERNAGHAN
19 VALENTINE, MARK txedc 6:1998cv00679 11/06/1998 190 05/20/1999
RESTAURANT TEAMS INT vs. DOMINION CAPITAL
20 VALENTINE, MARK nysdc 1:1998cv08457 12/01/1998 190 05/04/2000
SOVEREIGN PARTNERS vs. CONSYGEN, INC.
21 VALENTINE, MARK nysdc 1:1999cv00342 01/18/1999 850 10/09/2001
GLOBAL INTELLICOM vs. THOMSON KERNAGHAN
22 VALENTINE, MARK nysdc 1:1999cv04138 06/09/1999 190
RESTAURANT TEAMS vs. DOMINION CAPITAL
23 VALENTINE, MARK cacdc 2:2000cv04828 05/08/2000 440 05/16/2000
24 VALENTINE, MARK txedc 2:2001cv00168 08/10/2001 370
AIGNER vs. HICKS
25 VALENTINE, MARK casdc 3:2001cv00779 05/04/2001 190 06/08/2001
MOBILE PET SYSTEMS vs. SOUTHRIDGE CAPITAL
26 VALENTINE, MARK txsdc 4:2001cv02895 08/24/2001 160
BREWER vs. SOUTHRIDGE CAPITAL
27 VALENTINE, MARK A. flsdc 1:1990cv01686 07/17/1990 152 09/24/1990

This is from the NPCT lawsuit. It shows that all these entities are basically one.

2. Defendant SOUTHRIDGE CAPITAL MANAGEMENT LLC ("Southridge") is a Delaware limited liability company and may be served through its registered agent, which is Registered Agents Ltd., 1220 N. Market Street1 Suite 606, Wilmington, Delaware 19801. At all relevant times, Southridge acted for itself and as agent for and on behalf of defendants Thomson Kernaghan & Co., Ltd. (“TK”) and Harvest Court LLC (“Harvest Court").

3. Defendant DAN PICKETT ("Pickett") is an individual residing in Connecticut
and may be served with process at 90 Grove Street, Ridgefield, Connecticut 06877. Pickett is a

-2-

member of Southridge. At all relevant times, Pickett acted as agent for and on behalf of
defendants Southridge, TK, and Harvest Court.

4. Defendant THOMSON KERNAGHAN & CO. LTD. (“TK”) is an Ontario
corporation or limited partnership and may be served with process at the offices at 365 Bay Street, 10" Floor, Toronto, Ontario, M5H 2V2, Canada.

5. Defendant PATRICIA E. SINGER ("Singer") is an individual residing in
Connecticut and may be served with process at 90 Grove Street Ridgefield, Connecticut 06877. At all relevant times, Singer acted as agent for and on behalf of defendants Southridge, TK, and Harvest Court.

6. Defendant HARVEST COURT, LLC ("Harvest Court") is a business entity that
identifies itself as c/o Citco Trustees (Cayman) Limited, and may be served with process at their offices at Commercial Centre, P.O. Box 31106 SMB, Grand Cayman, Cayman Islands, British West Indies, facsimile no. (345)945-7566. Plaintiff believes that this defendant is merely a "straw man" created and controlled by the other defendants. At all relevant times, Harvest Court has acted as agent for and on behalf of defendants Southridge and TK.

more recent items about Mark Valentine
nationalpost.com
233494.html&qs=mark%20valentine

nationalpost.com
233463.html&qs=mark%20valentine


This is my own personal opinion. Please do your own DD and verify all of this information yourself. It's all from public documents such as sec.gov 10kwizard.com pacer.uspci.uscourts.gov or my opinion. If you have any information you'd like to add, please e-me at mmmaryinla@aol.com

Valentine, is he really a bad guy? He's been sued for securities fraud yet hasn't lost any of these cases yet. I think these companies sue him to try and look like the victim so their shareholders won't sue them. CEOs have been sued for agreeing to toxic funding without telling shareholders that the share price will probably go down. Look at Ashton's SEC releases about toxic funding. It says right in there that the share price will probably go down due to dilution and people shorting the shares. At least they were honest. I now think his contract allows him to do exactly what he does. You would think the SEC would halt trading if he were doing anything improper. As he supposedly does it offshore or in Canada, what he does is probably legal over there. The real crooks here are the companies who agree to it without telling the shareholders what it will do. Then the companies scream "evil shorters, we are but the poor victim" when I don't believe they are.

Does Valentine even really take away shareholder value, cause any damages? Only losers take his deals, losers with overvalued share prices. He basically sends the price down to where it should be, close to zero. All the other companies he funded were probably worth the price they were at after the shorting. If they had anything real, Valentine wouldn't have been able to get the price so low. If they had anything real, they would have found funds somewhere else and not taken the deal. Again, just my personal opinion. Mark Valentine is also not the only toxic funder out there. There are plenty more. I think he's just the most well known toxic funder. I believe that all those companies would have been bankrupt without the toxic funding.
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