Promoter jmhollen and vFinance
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It seems that the promoter jmhollen was pumping a vFinance press release a few years ago. What is the true relationship between jmhollen and vFinance. Is there something that he is not telling us?
http://www.siliconinvestor.com/readmsg.aspx?msgid=15847547
This is what happened to the company that was being promoted by jmhollen, along with vFinance:
http://www.siliconinvestor.com/readmsg.aspx?msgid=16950879
"The complaint alleges that from approximately January 2000 throughFebruary 2001, World Homes, through Ferguson, distributed several falseand misleading press releases misrepresenting, among other things, thefollowing material facts: 1) that World Homes operated and maintained aproduction facility for its cement product; 2) that World Homes hadobtained financing loans of fifteen million dollars; and 3) that WorldHomes had generated over $480 million in contracted business. Thesefalse press releases resulted in an increase in the price of WorldHomes= common stock and an increase in the volume of shares traded onthe OTC Bulletin Board. In doing so, the complaint alleges World Homesand Ferguson violated Section 17(a) of the Securities Act of 1933 andSection 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5thereunder.
In addition, it is alleged that from on or about July 16, 1999, throughon or about February 20, 2001, World Homes made nine filings with theCommission on Form S-8, registering 4,892,977 of its shares with astated maximum value of $3,777,313. It is further alleged that many ofthese shares were issued to Ferguson and Donahue, or entities controlledby them. Ferguson and Donahue sold these shares into the market andremitted most of the proceeds to World Homes, which used the funds tofinance the issuer's operations. The complaint alleges this conduct byWorld Homes, Ferguson and Donahue violated Section 5 of the SecuritiesAct.
[SEC v. World Homes, Inc. et al., Civil Action No. CV-S-01-0658-PMP(LRL), USDC D.Nev.] (LR-17328)"
Sound Familiar?
Only time will tell.
_________________________________________
.
It seems that the promoter jmhollen was pumping a vFinance press release a few years ago. What is the true relationship between jmhollen and vFinance. Is there something that he is not telling us?
http://www.siliconinvestor.com/readmsg.aspx?msgid=15847547
This is what happened to the company that was being promoted by jmhollen, along with vFinance:
http://www.siliconinvestor.com/readmsg.aspx?msgid=16950879
"The complaint alleges that from approximately January 2000 throughFebruary 2001, World Homes, through Ferguson, distributed several falseand misleading press releases misrepresenting, among other things, thefollowing material facts: 1) that World Homes operated and maintained aproduction facility for its cement product; 2) that World Homes hadobtained financing loans of fifteen million dollars; and 3) that WorldHomes had generated over $480 million in contracted business. Thesefalse press releases resulted in an increase in the price of WorldHomes= common stock and an increase in the volume of shares traded onthe OTC Bulletin Board. In doing so, the complaint alleges World Homesand Ferguson violated Section 17(a) of the Securities Act of 1933 andSection 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5thereunder.
In addition, it is alleged that from on or about July 16, 1999, throughon or about February 20, 2001, World Homes made nine filings with theCommission on Form S-8, registering 4,892,977 of its shares with astated maximum value of $3,777,313. It is further alleged that many ofthese shares were issued to Ferguson and Donahue, or entities controlledby them. Ferguson and Donahue sold these shares into the market andremitted most of the proceeds to World Homes, which used the funds tofinance the issuer's operations. The complaint alleges this conduct byWorld Homes, Ferguson and Donahue violated Section 5 of the SecuritiesAct.
[SEC v. World Homes, Inc. et al., Civil Action No. CV-S-01-0658-PMP(LRL), USDC D.Nev.] (LR-17328)"
Sound Familiar?
Only time will tell.
_________________________________________
posted by the_worm06 | 1/24/2006 06:16:00 PM
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