ABA Going Public as a Penny Stock

[hoopsfan]

It's what I have heard. Low price stock, low price games.

[nksports]

That's it. I'll buy up all the shares, vote uncle joe out and sell the league to someone who can run it with some integrity.

[Mac the Knife]

Absolutely no chance.

Why?

Because if taken public, Joe Newman would be repsonsible to STOCKHOLDERS, and would almost immediately draw the wrath of the SEC and others who investigate fraud.

[holio]

It wouldn't surprise me....READ here!
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It says they ran a New York Investment Banking firm?!?!? They ran Joseph Dillon And Co. The firm was shut down by the NASD and SEC. They ran a penny stock boiler room operation! Goto www.nasd.com and enter their CRD reports! Jaloza has basically no states left that will let him trade stocks or funds in .His CRD # is: 1320831. Do a Broker Search for both of those crooks. Also search Joseph Dillon and Co. from Great Neck NY. They took little old ladies funds and sold stock for companies that basically did not exsist. they ran prices up on IPO's then would not let anyone sell. They would then dump their stock and everyone else that still had the stock they purchased for a few dollars a share, now had stocks worth a pennies per share. They actually should be in prison for the type of operation they ran!

Here's one for you: From www.nasd.com

Steven Richard Jaloza (CRD #1320831, Registered Principal,Muttontown, New York) and Salvatore Anthony Fradella(CRD #1482494, Registered Principal, Manhasset, New York)were named as respondents in an NASD complaint alleging that they, directly or indirectly, by the use of any means orinstrumentalities of interstate commerce or of the mails, or anyfacility of any national securities exchange, employed artifices,devices, or schemes to defraud, made untrue statements ofmaterial fact or omitted to state a material fact necessary in orderto make the statements made, in light of the circumstancesunder which they were made, not misleading, or engaged inacts, practices, or courses of business that operated, or wouldoperate, as a fraud or deceit; and induced the purchase ofsecurities by means of manipulative, deceptive, or otherfraudulent devices or contrivances. The complaint also alleges that Jaloza and Fradellafailed to disclose to investors in a private placement offering that their member firm was making loan payments to an outsidebusiness entity and might provide funding to an outside businessin which they had a self-interest, and other supplementalmaterial information regarding the loan. The complaint furtheralleges that Jaloza and Fradella made material omissions of factconcerning the number of customer accounts their member firm maintained in discussing the creation of an online Internetdivision and the number of users to support the development ofits online division. The complaint further alleges that Jaloza andFradella failed to exercise reasonable care in connection withtheir decision, on behalf of their member firm, to invest in anoutside business entity and failed to engage in any meaningfulexamination of its business operations, breaching the duty ofcare they owed to their member firm’s shareholders. Moreover,the complaint alleges that Jaloza caused his member firm to failto make and preserve required books and records and failed toensure that his member firm filed its monthly FOCUS reports.(NASD Case #CLI030003)[/i]

There's so many complaints there's too many to mention here! Check it out for yourselves!

[BreakersFan]

It wouldn't surprise me....READ here!
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It says they ran a New York Investment Banking firm?!?!? They ran Joseph Dillon And Co. The firm was shut down by the NASD and SEC. They ran a penny stock boiler room operation! Goto www.nasd.com and enter their CRD reports! Jaloza has basically no states left that will let him trade stocks or funds in .His CRD # is: 1320831. Do a Broker Search for both of those crooks. Also search Joseph Dillon and Co. from Great Neck NY. They took little old ladies funds and sold stock for companies that basically did not exsist. they ran prices up on IPO's then would not let anyone sell. They would then dump their stock and everyone else that still had the stock they purchased for a few dollars a share, now had stocks worth a pennies per share. They actually should be in prison for the type of operation they ran!

Here's one for you: From www.nasd.com

Steven Richard Jaloza (CRD #1320831, Registered Principal,Muttontown, New York) and Salvatore Anthony Fradella(CRD #1482494, Registered Principal, Manhasset, New York)were named as respondents in an NASD complaint alleging that they, directly or indirectly, by the use of any means orinstrumentalities of interstate commerce or of the mails, or anyfacility of any national securities exchange, employed artifices,devices, or schemes to defraud, made untrue statements ofmaterial fact or omitted to state a material fact necessary in orderto make the statements made, in light of the circumstancesunder which they were made, not misleading, or engaged inacts, practices, or courses of business that operated, or wouldoperate, as a fraud or deceit; and induced the purchase ofsecurities by means of manipulative, deceptive, or otherfraudulent devices or contrivances. The complaint also alleges that Jaloza and Fradellafailed to disclose to investors in a private placement offering that their member firm was making loan payments to an outsidebusiness entity and might provide funding to an outside businessin which they had a self-interest, and other supplementalmaterial information regarding the loan. The complaint furtheralleges that Jaloza and Fradella made material omissions of factconcerning the number of customer accounts their member firm maintained in discussing the creation of an online Internetdivision and the number of users to support the development ofits online division. The complaint further alleges that Jaloza andFradella failed to exercise reasonable care in connection withtheir decision, on behalf of their member firm, to invest in anoutside business entity and failed to engage in any meaningfulexamination of its business operations, breaching the duty ofcare they owed to their member firm’s shareholders. Moreover,the complaint alleges that Jaloza caused his member firm to failto make and preserve required books and records and failed toensure that his member firm filed its monthly FOCUS reports.(NASD Case #CLI030003)[/i]

There's so many complaints there's too many to mention here! Check it out for yourselves!

WTF????????????