Posts by jfk

    weitere good news !

    EW YORK--(BUSINESS WIRE)--June 29, 2007

    GreenShift Corporation (OTC Bulletin Board: GSHF) today announced

    its execution of an agreement with Cornell Capital Partners, L.P.,

    pursuant to which Cornell and GreenShift agreed to use their best

    efforts to restructure the terms and conditions of GreenShift's

    various debts due to Cornell in a way that facilitates the completion

    of the GreenShift's pending merger with GS CleanTech Corporation (OTC

    Bulletin Board: GSCT) while attempting to safeguard and maximize the

    share value of the merged company and supporting the newly merged

    company's growth. Any agreement to restructure the terms of such debt

    obligations is subject to GreenShift and Cornell negotiating definite

    terms and entering into final written agreements, and no assurance can

    be given that the parties will be able to reach such agreement.


    GreenShift and Cornell also agreed to waive on a one-time basis

    the past defaults under GreenShift's agreements with Cornell effective

    immediately provided *angel* that GreenShift file and make effective a

    registration statement on Form S-4 to complete the GreenShift - GS

    CleanTech merger as soon as possible and (b) that GreenShift's

    chairman and chief executive officer, Kevin Kreisler, consent to the

    repayment of about $340,000 in Cornell debt in the form GreenShift

    stock to be paid out of Kreisler's stake in GreenShift at current

    market prices.


    Troy Rillo, the Senior Managing Director of Cornell's investment

    manager, said that "We have supported GreenShift's growth for better

    than two years and we desire to continue to do so. We are pleased with

    GreenShift's progress - in particular its business model of using

    technology to attempt to defray risk for first generation ethanol

    producers. We haven't seen anyone attempting to do this to the extent

    of GreenShift."


    Kreisler added that: "We are very grateful for the support that

    Cornell has given us in the past. They believed in and funded our

    business model when it was little more than an idea and we are

    thankful for their continued support as we execute on our

    restructuring plan and the sales and earnings growth of our core

    businesses."

    Greenshift

    Hallo Zäme


    Ich bin seit etwa zwei monaten dabei yesssssssssss :D

    Und muss sagen das ich mich ziemlich lage mit der FA befasst habe.

    Mir gefällt die Story, dass nun alles transparenter wird! Focus aufs Kernbusiness und nicht profitable einheiten werden verkauft! ... Vermutlich wurde das nun eben honoriert! Was mich sehr positiv stimmt ist, dass trotz LABEL "Zockeraktie" nach dem gestrigen

    Anstieg noch keine wirklichen Gewinnmitnahmen stattgefunden haben. Sicher interessant zu verfolgen ob diese in den nächsten Tagen kommen! Falls ja werde ich sicher wieder nachkaufen!

    GreenShift Releases Shareholder Letter

    Friday June 22, 10:58 am ET


    NEW YORK--(BUSINESS WIRE)--GreenShift Corporation (OTC Bulletin Board: GSHF - News) chairman and chief executive officer, Kevin Kreisler, issued the following letter to GreenShift's shareholders today:


    Dear Shareholders:


    We have accomplished much since GreenShift initiated operations in April 2005, and we are proud and excited by the progress we have made in our various operations. But we have a number of significant issues that we face today that are in need of correction.


    Chief among these issues is that of share value. We believe that the current share price of each of our companies does not accurately reflect the value of what we have built.


    Our mission is to create valuable opportunities for many people and companies to use resources more efficiently and to be more profitable. To accomplish this, we target and reduce or eliminate consumption inefficiencies by


    -- developing and implementing incremental advances in technologies

    and business practices


    -- that leverage established infrastructure and distribution channels

    to enable increased and sustainable profits


    -- by decreasing the consumption of natural resources and the

    generation of wastes and emissions.

    We are focused on implementing this model first in the agriproducts sector, where we have sought out applications of technology that create value-added co-product and waste extraction and refining opportunities.


    In the past two years GreenShift and its affiliated companies raised and deployed about $40 million in capital to successfully: (i) acquire and develop technologies that are capable of cost-effective "plug-and-play" integration into existing agriproducts plants; (ii) develop the go-to-market capabilities necessary to bring these technologies to market; (iii) complete early-stage commercialization and finalize the application of the first two of our technologies; (iv) sell and commission early-adopter and commercial implementations of these two technologies; (v) execute a number of agreements that are vital to the foundation of our long term commercialization plans, and, importantly, (vi) initiate positive cash flows. Some of the more significant of our technology-centric achievements include:


    -- Corn Oil Extraction


    Our process engineering and technology transfer company, GS

    CleanTech Corporation, acquired its patent-pending Corn Oil

    Extraction technology in early 2006. This technology efficiently

    extracts crude corn oil from a co-product of ethanol production at

    rates and efficiencies that outstrip any conventional extraction

    process. GS CleanTech has executed 6 contracts with ethanol

    producers that provide for the extraction and purchase of more than

    30 million gallons of crude corn oil. Two early adopter extraction

    systems were sold and commissioned during 2006, and we recently

    commissioned our first deployment where we retain the right to buy

    and sell the extracted oil at rate equal to more than 1.2 million

    gallons per year. This oil is currently worth upwards of $1.50 per

    gallon and GS CleanTech has just begun to sell oil this month. An

    additional 4 systems are planned for deployment over the balance of

    this year and we have many similar potential contracts in our sales

    pipeline. If all of these new contracts are signed, they will

    provide us over 60 million additional gallons of corn oil

    extraction potential.


    -- Biodiesel Production Equipment


    Our fuel production company, GS AgriFuels Corporation, recently

    acquired a biodiesel technology provider, NextGen Fuel, Inc., which

    had developed and completed early stage commercialization of a

    patent-pending continuous flow biodiesel system. The NextGen

    systems, which include both direct and transesterification, are

    skid mounted and sized to produce 5 million or ten 10 million

    gallons of biodiesel per year. Traditional processes typically

    require several hours to complete the conversion of qualified

    vegetable oils and animal fats into biodiesel; we intensify and

    idealize the conditions under which this conversion occurs and we

    are consequently able to complete the conversion in minutes instead

    of hours - at a much smaller scale than traditional processes, and

    at reduced capital and operating costs as compared to traditional

    processes. These benefits also allow us to efficiently convert a

    broader array of feedstocks than any traditional process that we

    are aware of. Since acquiring NextGen we have improved and refined

    the technology, completed commercialization and recently

    successfully shop-tested two systems for U.S. clients.


    -- Development of Corn Oil Biodiesel Production Facilities


    We recently announced the execution of letters of intent that call

    for GS CleanTech to design, build and integrate an additional 12

    corn oil extraction systems with integral biodiesel systems at 4

    separate ethanol production facilities. In addition, GS CleanTech

    recently executed an agreement for the extraction of about 7

    million gallons per year of corn oil at an ethanol facility next to

    one of GS AgriFuels' planned biodiesel facilities. In all, these

    planned new extraction systems and biodiesel facilities will first

    extract and then convert about 37 million gallons of crude corn oil

    into biodiesel. GS CleanTech and GS AgriFuels will work together on

    these developments - GS CleanTech will provide and sell

    engineering, construction and technology transfer services in

    return for a mixture of process engineering and plant construction

    sales, technology royalties and selected feedstock sales, and GS

    AgriFuels will provide its biodiesel systems and invest in the

    various projects. If these letters of intent are successfully

    converted into executed contracts and the relevant projects are

    financed, these prospects would result in a total of more than $90

    million in additional process engineering and equipment sales and

    ongoing royalties for GS CleanTech and about $50 million per year

    in ongoing biodiesel sales for GS AgriFuels at current biodiesel

    prices.

    That said, our successes are clearly not translating into share value. Our view is that the message is getting lost in the complexities of our capital structure.


    We had an entirely different outcome in mind when we formed GreenShift as an investment company and seeded our various companies and technologies. Recall that our original structure included a number of public platform companies that were intended to focus on specific sectors - clean technology development, clean fuels production, clean energy production and environmental services. This structure was established to enable each company to raise capital with its own balance sheet, and its own equity, in order to support its own business model. A big part of the reason for this was that the investment theses were different from one business focus to the next - the structures and valuations used for financing emerging clean tech R&D, for example, are very different from those used to finance mature fuel or power production. At bottom, this structure was initially very successful as it resulted in the financing, acquisition and development of all of our core technologies and operations.


    Last year, however, after recognizing the significance of the market opportunities presented by a few of our technologies in the rapidly expanding renewable fuels market, we narrowed our focus to financing and supporting the development and iterative roll-out of our leading technologies and related operations.


    Today, we have commercialized essential technologies that have been designed to service needs that few (if any) others currently have the capability to fulfill, and we have positioned these technologies for deployment in an expansively growing renewable fuels market.


    The opportunities in front of us in the biomass-derived fuels sector are simply tremendous and we would be remiss if we were to commit capital to anything but implementation in this vertical given our technological advantages.


    With this narrowing in focus, the capital structure that we successfully used to seed our technologies has become a costly distraction and an unnecessary drain on resources. Therefore, we have initiated steps to simplify our capital structure and increase the transparency of our operations. This is a process that I believe to be critical to our growth and I am committed to seeing it through to an expedient and cost-effective conclusion.


    Our plan involves (1) merging GS CleanTech into GreenShift and, separately, merging GS Energy into GS AgriFuels, (2) liquidating non-core assets, and (3) restructuring and refinancing our debt while we (4) increase sales and earnings in our core business units.


    1. Complete Pending Mergers


    We believe that the GreenShift - GS CleanTech and GS AgriFuels - GS Energy mergers will help to reduce operational overlap and redundancies, promote a unified vision among our employees, reduce the confusion created by our current structure among customers, vendors, creditors, shareholders and other stakeholders, reduce the focus, capital, and other resources required to administer multiple public entities, and increase our ability to focus on creating value for our shareholders. Updates on these transactions follow:


    -- GS AgriFuels - GS Energy Merger


    To complete this merger, we need to prepare and file a registration

    statement and secure regulatory approval. We have completed nearly

    all of the requirements for the filing of this registration

    statement and are now only waiting on the final third party legal

    and tax opinions. We expect to receive these opinions shortly and

    that we will file the registration statement before the end of this

    month. GS Energy shareholders will receive 1 share of GS AgriFuels

    for every 1,000 shares held in GS Energy on the record date for

    this merger. This merger can take anywhere from 3 to 6 months to

    complete, depending nearly entirely on how long it takes to secure

    regulatory approval.


    -- GreenShift - GS CleanTech Merger


    The completion of this merger will also require the filing and

    approval of a registration statement. We have started to prepare

    this registration statement and our goal is to file it as soon as

    possible.


    GS CleanTech shareholders will receive 1 share of GreenShift for

    every 3 shares of GS CleanTech held on the record date for merger.

    This exchange ratio was set based on the market price for both

    stocks at the time we announced the merger. Given the negative

    market response to our original plan to complete this merger, we

    considered a number of ways to improve the rate of exchange for

    minority shareholders of both GS CleanTech and GreenShift, from

    simply changing the exchange rate, which could have significant

    negative tax consequences on GS CleanTech's minority shareholders,

    to financing a cash buyback of GS CleanTech stock, which would not

    be fair to the GS CleanTech shareholders at current market prices.


    We settled on decreasing my ownership of the combined company down

    to 60% and eliminating all preferred stock upon completion of the

    merger. GreenShift currently owns about 80% of GS CleanTech and I

    currently own about 80% of GreenShift in the form of preferred

    stock. We believe that we can prevent negative tax consequences for

    the minority shareholders of both companies simply by adjusting the

    conversion features of my preferred ownership in GreenShift.

    Importantly, this is intended to have the effect of increasing the

    aggregate percentage of the combined company owned by the minority

    shareholders of both companies from 20% to 40%.

    2. Liquidate Non-Core Assets


    We will liquidate or otherwise divest ourselves of any investment, company or asset that is not critical to our continued operation and growth. We have already sold off a non-core engineering unit and a minority investment, and we are exploring the sale of several of our other minority investments (we will retain our existing stakes in Sterling Planet and TerraPass). In addition, we are ceasing all R&D activity that does not complement our core technologies and business lines.


    We have also negotiated for the sale our majority stake in GS Carbon Corporation to Seaway Capital, Inc., a growth equity and leveraged buyout company. Prior to the sale we will transfer all of our investments, intellectual properties and existing operations out of GS Carbon into GS CleanTech. The transfer to GS CleanTech and the subsequent sale to Seaway will occur on or before June 30, 2007. Seaway's plans for the remaining GS Carbon public shell include the acquisition of Seaway's majority stake in a retail big box chain and the financing and acquisition of other targeted retail chains with an aggregate of more than $30 million in sales. Notably, Seaway has already received term sheets for the financing necessary to support its acquisition plans.


    3. Restructure and Refinance Debt


    We have reduced our consolidated debt by about $5 million over the past several months through a combination of cash payments and equity conversions. We expect to effect further significant reductions over the balance of this year. Most of the future reductions will occur through cash payments, since we expect equity conversions to soon cease for the foreseeable future.


    We need to restructure and then refinance our remaining debt. We have held favorable initial discussions with our senior creditors, each of whom has indicated a willingness to materially improve the terms of our existing debt financing in ways that support our consolidation process given the progress of our operations and our payment history. We are accordingly optimistic that we will be able to restructure a significant amount of our debt in the near term. We are working on this now.


    We will, however, and even after this restructuring, need to reduce and refinance all of our remaining debt. We plan to do so with a combination of cash flows and lower cost debt and equity that we bring in at the much higher valuations justified by the performance of our core operations.


    4. Execute in Core Businesses


    At the conclusion of the mergers and other transactions described above, GreenShift will have two majority-owned public subsidiaries, GS AgriFuels and GS EnviroServices.


    The operations of each company will be as follows:


    -- GreenShift Corporation


    -- Process Engineering & Plant Construction Services

    -- Technology Licensing

    -- Feedstock Extraction & Sales

    -- Early Stage Technology Acquisition and Development


    -- GS AgriFuels Corporation (OTC Bulletin Board: GSGF - News) Majority Owned Public Subsidiary


    -- Biofuels Production Equipment Manufacturing & Sales

    -- Biodiesel Production & Sales

    -- Other Biomass Derived Fuel & Energy Production & Sales

    -- Oilseed Crushing & Vegetable Oil Sales


    -- GS EnviroServices, Inc. (OTC Bulletin Board: GSEN - News) Majority Owned Public Subsidiary


    -- Industrial Waste Management Services

    -- Environmental Engineering Services

    -- Site Remediation Services

    As an example of our revenue generating potential moving forward, the completion of construction and full deployment of a total of just 30 million gallons per year of corn oil extraction with integral biodiesel production capability could generate about $72 million in process engineering and plant construction sales and about $3 million in annual royalties for the merged GreenShift - GS CleanTech. Our target is to ultimately deploy 120 million gallons of corn oil extraction and biodiesel production capability.


    GS AgriFuels, as the majority owner of these biodiesel production facilities, would generate about $85 million per year in ongoing biodiesel sales with better than 25% EBITDA margins at current market prices. Given the contracts, letters of intent and other recent developments detailed above, GS AgriFuels could be producing biodiesel at the 30 million gallon per year run-rate in as little as 12 months.


    In addition, we believe that GS AgriFuels can generate well in excess of $50 million per year in equipment sales, and that GS AgriFuels' oilseed crush division, Sustainable Systems, can produce more than $70 million in annualized vegetable oil and biodiesel sales after the completion of the expansion of its Montana based crush facility later this year.


    Finally, GS EnviroServices, which is currently generating about $16 million per year in sales, can be expected to grow its sales at an annual rate of more than 20% for the next few years given its recently completed and planned acquisitions.


    The Path Forward


    Our technologies are robust, scalable, energy efficient, modular and, importantly, capable of rapid and cost-effective "plug-and-play" integration into the existing agribusiness infrastructure. These advantages converge to enable the refining of many different alternative feedstocks into clean and renewable energy and several different clean fuels cost-effectively at small scales. We believe that this capability is highly valuable because it enables us to reduce commodity risk by creating opportunities to manage production assets in response to fluctuating market conditions. No single conventional or new technology or group of technologies that we are aware of can currently achieve this.


    Our commercialization plan for these technologies involves the iterative integration and synergistic application of several technologies into traditional agriproducts plants in ways that enable us to upgrade production and cost-average down the capital and operating costs traditionally associated with renewable fuel production. Our intention is to commercialize and generate cash flows from our technologies according to the following roll-out schedule:


    Step 1 corn oil extraction

    Step 2 integral biodiesel production

    Step 3 integral biomass gasification for heat and power

    applications

    Step 4 integral biomass gasification for liquid fuels applications

    Step 5 integral bioreformation of carbon dioxide into algal

    biomass and additional liquid fuels

    Importantly, each step is designed to integrate and work with each of the previous steps as well as the host facility to capitalize on all practical operating synergies. The commercialization process for Steps 1 and 2 is complete and we are actively implementing a go-to-market based on these technologies. The technologies needed for Steps 3 and 4 are nearly complete with their early-stage commercialization process and we plan to start our marketing of these capabilities later this year. The technologies needed for Step 5 are still deep in the R&D stage and require additional capital to prove out, but we are very committed to bringing a cost-effective implementation of bioreactor technology to market - this a key strategic initiative for GreenShift moving forward.


    On the morning after the U.S. Senate passed a bill that calls for increased ethanol production, our focus on upgrading traditional ethanol facilities with "plug-and-play" modular technology was never more timely. We will continue to remain relentlessly focused on developing and implementing technologies that make existing and new ethanol plants more efficient. We will then do the same for other traditional agriproducts plants, such as oilseed crush plants and animal and livestock processing plants, and upgrade these plants into integrated multi-feedstock, multi-fuel biorefineries.


    Our long-term strategy is to focus on the inevitable consequences of the way we use natural resources to make things, and to extract opportunities for positive economics by simultaneously increasing production efficiencies and reducing the upstream and downstream burdens of that production on our ecosystem. With increasing burdens on natural resources globally, both at the beginning and end of product supply chains, we must simply be smarter about how we use resources. GreenShift's long term mission is to make a significant contribution to achieving this.


    For the time being, however, we will remain focused on sales and earnings growth through the deployment and commissioning of corn oil extraction systems, the sales of biodiesel equipment, the financing, construction and operation of our co-located corn oil biodiesel production facilities, the expansion and operation of our oilseed crush plant, and the growth of our environmental services group.


    While the results have not been obvious and the impact has not yet translated into share value, our operations have made extraordinary strides in a short period of time and they are picking up steam. We will continue these efforts while we rationalize our capital structure as quickly and as cost-effectively as possible. We appreciate your patience through that process.


    We intend to announce details shortly relative to the scheduling of a conference call that we would like to hold next week to respond to shareholder questions. We are grateful for your continued interest and support, and we look forward to our next communication.


    Best Regards,


    Kevin Kreisler

    Chairman and Chief Executive Officer

    GreenShift Corporation


    Schönen Tag Gruss JFK

    Wieder positive news heute morgen

    CeNeS Pharmaceuticals plc

    ("CeNeS" or "the Company")


    Pipeline update - CNS 7056



    Cambridge, UK, 20th June 2007 - CeNeS Pharmaceuticals plc (AIM: CEN), the

    Cambridge based biopharmaceutical company today announces new data on its

    short-acting sedative, CNS 7056. These preclinical data show that CNS 7056

    induces deep sedation, has a rapid onset of action and rapid offset of action

    with predictable effects over a wide range of doses. On the basis of this

    successful outcome, the compound will be developed for the indications of

    induction and maintenance of anaesthesia in addition to sedation for day-case

    procedures. CeNeS also announces that the first full academic paper on CNS 7056

    will be published in the July issue of the leading journal 'Anesthesiology'. The

    paper is one of a small number highlighted in the introductory section of this

    issue.




    Additional indications


    Following the successful completion of studies at the University of Adelaide and

    under a material transfer agreement with an International Pharmaceutical

    company, CeNeS will develop CNS 7056 for the induction and maintenance of

    anaesthesia in addition to the existing development for sedation during day-case

    procedures. These latest pre-clinical studies show that CNS 7056 has the

    desirable features for an anaesthetic drug of inducing deep sedation rapidly and

    controllably, with predictable effects over a wide range of doses and a rapid

    recovery.




    Academic publication


    CeNeS is pleased to note that the first full academic paper on CNS 7056 will be

    published in the July issue of the leading international Journal

    'Anesthesiology' and has been selected as a featured article for the section

    'this month in Anesthesiology'.



    Neil Clark, Chief Executive of CeNeS commented: "CNS 7056 shows an excellent

    profile in preclinical studies. Development for the additional indications of

    the induction and maintenance of anaesthesia means that the market potential is

    significantly larger. We believe that the peak sales opportunity for this

    compound is now doubled to £400m. We are looking forward to filing an IND for

    this compound in the next few months and commencing Phase I clinical trials.




    "CNS 7056 exemplifies CeNeS' strategy of focussing on low-risk programmes that

    provide early and simple proof of concept in clinical trials. Indeed, an

    important feature of this development programme is that we will be able to

    generate proof of concept data on sedation/anaesthesia in Phase I volunteer

    studies rather than having to wait for Phase II patient studies as is the case

    for most drug development programmes."


    Hat sich bis heute niemand mit diesem Titel befasst? Bin gespannt was ihr dazu zu sagen habt! Guten und erfolgreichen Start

    CeNeS Pharmaceuticals plc

    Hier noch mehr News


    CENES PHARMACEUTICALS PLC ("the Company") HOLDING IN COMPANY The Company was informed on 14 June 2007 that as at the close of business on 8 June 2007 The Goldman Sachs Group, Inc. ("GS Inc.") had an interest, in 29,486,760 ordinary shares of 1p each in the capital of the Company. This interest arose from a beneficial interest held by Goldman Sachs International, a wholly-owned indirect subsidiary of GS Inc. This shareholding represents 6.09 per cent. of the issued share capital of the Company. The threshhold crossed is from below 3% to above 6%.

    CeNeS Pharmaceuticals plc


    Der britische Biotechkonzern hat weiteres Datenmaterial zum Schmerzmittel M6G aus der klinischen Endphase III vorgelegt. M6G soll gegen postoperative Schmerzen zum Einsatz kommen. CeNeS verspricht sich von der Substanz dieselbe Wirksamkeit wie bei der herkömmlichen Behandlung mit Morphin, aber mit weitaus weniger Nebenwirkungen wie Übelkeit oder Erbrechen. Mit dem günstigen Nebenwirkungsprofil will CeNeS weiter punkten. Aus den neuen Daten geht hervor, dass bei M6G die Phase der Sedierung, in welcher der menschliche Organismus von Beruhigungsmitteln beeinträchtigt wird, innerhalb der ersten vier Stunden nach der Operation um 15% kürzer ausfiel als bei Morphin. Darüber hinaus wurden Häufigkeit und Schwere von postoperativer Übelkeit bei weiblichen Patienten um 27% weniger beobachtet als im Morphin- Arm der Phase-III-Studie


    Könnte vielleicht interessant sein, kennt jemand diese Firma ? Any comments?


    Danke für alle feedbacks

    AIRESIS (AIRE)

    hallo Adrian


    Erachtest du ein Investment zu diesem Zeitpunkt sinnvoll oder würdest du eher auf eine Konsolidierung warten? Die Story mit le coq gefällt mir und da sich auch nun 100% des Aktienpaketes besitzen wiederspiegelt ein gewisses Vetrauen aus !

    Swiss Medica

    Hier mal etwas vorweg


    30-May-2007


    Non-Reliance on Previous Financials, Audits or Interim Review



    ITEM 4.02 (Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review)

    On May 21, 2007, the management of Swiss Medica, Inc. (the "Company" or "Swiss Medica") concluded that its previously issued financial statements as of and for

    (i) the year ended December 31, 2005, (ii) the three months ended March 31, 2006, June 30, 2006 and September 30, 2006, should no longer be relied as a result of the Company mistakenly:


    (i) recording as revenues the value of certain goods sold to customers where title and risk of ownership had not passed to the customer.


    (ii) accounting for the contractually re-pricing of the stated exercise price of the warrants to acquire the Company's common stock issued to the holders of the Company's debentures.


    Accordingly, the Company will restate its financial statements for the year ended December 31, 2005 and for the first three quarters of 2006 by disclosing the effect of the errors in its Form 10-KSB for the year ended December 31, 2006.


    The errors were discovered together with our outside independent registered accounting firm in connection with their audit of the Company's December 31, 2006 financial statements. The audit firm requested that we provided additional information concerning the recognition of our revenues in connection with the sale and delivery of our products. Upon reviewing the accounting for the transactions, we discovered our errors in recognizing revenues from certain transactions. Upon this determination, management and the Board of Directors were alerted to the facts and circumstances regarding the errors in accounting for the revenue recognition


    In connection with the accounting for the re-pricing of the warrants' exercise price, the audit firm requested that we provided additional information concerning the accounting for warrant liability derivative in connection with the issuance of the warrants. Upon determining the derivative arising from the warrant liability did not take into the Warrants' exercise price was to be re-set should shares of the Company's common stock be sold below the contract exercise price , management and the Board of Directors were alerted to the facts and circumstances regarding the errors in accounting for the warrant liability.


    Authorized officers of the Company discussed these matters with the Company's independent public accounting firm who agreed that the Company's annual and quarterly financial statements could not be relied upon and needed to be restated.




    Gefunden auf http://biz.yahoo.com/e/070530/swmee.ob8-k.html

    Invenda

    Pesche wer könnte solche spiele treiben? wer könnte da interessiert sein diesen kurs zu manipulieren? Und warum genau mit diesem titel?

    Invenda

    Meveric danke für die Info. Dies sollte aber meiner Meinung nach nicht der Grund sein das der Titel wieder etwas käufig ist. Die Meldung stammt vom 22.5! Danke trotzdem grüsse jfk

    Invenda

    Teni besten dank! Vermutlich sind jetzt einige mehr auf der briefseite bis 7.-- wenn ich mich nicht irre oder?

    Invenda

    wer kauft den da wieder? Wenn man nur genau versthen würde was da abgeht???? :roll:

    Invenda

    Guten morgen kann mir jemand sagen wie das heutige orderbook aussieht? besten dank jfk

    Invenda

    was geht den da wieder ab??? werden ja ständig die brief seite wieder gelifted!!!! hat the hell 5.30/5.39 !!!!!