vito. So you are spokesman for the great silent majority of penny flippers, now? Please explain what the "good" is this company offers? They're just resellers of Chinese junk.
"we always have to go through this stuff with you.."
Who is "we", vitto?
The issue here is whether this is a programmed stock promotion destined to "flame out" or whether Paul Rosenberg and his single employee can create any real shareholder value. I don't think they can. I think the business plan is insubstantial and full of more holes than Swiss cheese.
BTW, all Rosenberg has done with "vitacig" is file 3 amendments to the prospectus. have you even read it? It's laughable.
Sentiment: Strong Sell
gf995. Sorry, but you sound like a loser defending your bad investment decision. At least you recognize the stock "could be worthless" in a year. That's a start. Have you done a websearch on how many little websties are selling e-cigs out there? LOL
SEC Charges Janney Montgomery Scott Failed to Maintain and Enforce Policies to Prevent Misuse of Material, Nonpublic Information
FOR IMMEDIATE RELEASE
Washington, D.C., July 11, 2011 – The Securities and Exchange Commission announced today that it brought and settled charges that Philadelphia-based broker-dealer Janney Montgomery Scott LLC failed to establish and enforce policies and procedures to prevent the misuse of material, nonpublic information, as required by law.
Janney, without admitting or denying the findings, agreed to be censured and to pay an $850,000 penalty to settle the SEC’s administrative proceeding. It also agreed to cease and desist from committing or causing any violations of Section 15(g) of the Securities Exchange Act of 1934, which seeks to prevent the misuse of material, nonpublic information.
According to the Commission’s order instituting proceedings, from at least January 2005 through July 2009, Janney’s policies and procedures for its Equity Capital Markets division, which encompassed its equity sales, trading, syndicate and research departments, were deficient in a number of ways. In some instances, Janney did not enforce its policies and procedures and in others, it failed to follow them as written, creating the risk that material, nonpublic information could be used for insider trading....
NASD Fines Janney Montgomery Scott $1.2 Million for Market Timing and Other Violations; Orders Restitution of Nearly $1 Million
Washington, DC — NASD announced today that it has fined Janney Montgomery Scott LLC, of Philadelphia $1.2 million for permitting improper market timing and related violations. In addition, NASD ordered the Philadelphia-based firm to pay nearly $1 million in restitution to the affected mutual funds.
NASD also suspended Kenneth Rosato - the former branch manager of Janney's Brooklyn office and the broker responsible for the misconduct - for one year and fined him $370,000, which includes disgorgement of $185,000 in commissions he received as a result of the improper market timing activities. NASD also barred Linda Rosato the former branch operations manager of Janney's Brooklyn office and Kenneth Rosato's sister-in-law, for refusing to testify in NASD's investigation of this misconduct.
NASD found that from May 2000 through September 2003, Janney permitted two hedge fund customers to evade attempts by mutual fund companies to block or restrict their market timing transactions. The hedge fund accounts were customers of Kenneth Rosato. Rosato opened 19 different accounts for the two hedge funds and allowed them to engage in approximately 1,600 exchange transactions with mutual funds after receiving close to 200 block notices from those mutual funds prohibiting further trading.
NASD also found that Rosato also undertook a number of efforts to assist the hedge fund customers in evading the restrictions placed on market timing by mutual funds. Among other things, Rosato opened multiple accounts for the hedge funds to enable them to market time mutual funds without detection; used different broker numbers and different addresses in an effort to shield the true ownership of the accounts, and placed trades in related accounts to escape detection by the mutual funds.
Rosato also suggested deceptive strategies the hedge funds could use to e
""""Excellent question. Steven Kriegsman is a Galena director and founder/CEO of Cytrx (CYTR) . Last January after the misleading DreamTeam promotional campaign helped triple the value of Galena's stock price, Galena CEO Ahn pocketed $2.8 million from the sale of Galena stock. At the same time, Kriegsman hauled in $2.1 million for himself by selling Galena shares. We still don't know how Galena and DreamTeam connected, but CytRx was also a DreamTeam client. DreamTeam employees, writing under false names, published misleading and promotional articles about CytRx and its experimental cancer drug aldoxorubicin -- the same tactics used for Galena.
No one at Galena will return my calls, but like Bill, I'd like to know how Kriegsman voted when the board met to decide on Ahn's future with the company. Given the uncomfortable circumstances, I wonder if Kriegsman abstained. Unlike Ahn, Kriegsman has yet to provide any comment on this company's involvement with DreamTeam Group. You know what they say about glass houses..."""" '''''''''''''''''''''''''
balllion55. Which is more corrupt, big pharma or penny biotech? I know that calls for some real intellect to answer...... are you up to the challenge?
nothing but TOAST left here
Almost sad. Not one "long" can explain what the business plan is to unstrand and monetize the Phil Gas. Do you know what pipelines and LNG facilities cost? Unreal! The LNG "boom" is over ..... show me new super-major projects........ they're not doing them anymore