TORONTO, Sept. 9 /PRNewswire-FirstCall/ - The following two issuers (HTDS) www.htdsmedical.com and (LDSR) www.landstarcorp.com announced today that its investor relations firm, Mina Mar Group is offering a cash reward program designed to track down, and prosecute individuals attempting to manipulate the prices of its clients' stocks, including HTDS, and LDSR and to expose the identity of any persons who slander or defame its clients while hiding their identity.
HTDS and LDSR is concerned about recent volatility in its stock and is asking its shareholders to contact their brokers and give them a "do not lend" or "do not allow stock to be borrowed" order so their stocks cannot be used to cover short sales.
Miro Zecevic, President of Mina Mar Group said "We note that certain on-line brokers have forbidden their customers to buy some of our clients' stocks, namely HTDS and LDSR while only allowing the security ONLY to be SOLD. We note many small "trades" during the day, where for example the commission would outweigh any trading advantage, yet that small and "innocent act" brings the entire security down several parentages. We dismiss these explanations of settlement and accounting by those responsible as nonsense, and pure manipulation. While we have no evidence that these brokers are being used by short sellers and we do not know that they may influenced by short sellers or any market makers, however we question the wisdom of second-guessing their customers. We do know that this will hurt the free market, and that their self imposed embargo on ONLY SELLING the security serves just one purpose, and that is to create an artificial supply. These issuers are not diluting, and we intend to see this artificial supply illusion reined in shortly and quickly.
Short selling, or "oversold" is basically, selling stocks one does not have, and buying them back, within a short period. Anticipating a rapid drop (before the transaction is settled. (Usually 3 days). Because small cap and micro cap stocks, are prone to attack by unscrupulous short sellers, special interest groups, and other market manipulators who use such underhanded tactics as planting false and misleading information; naked short selling, and defamation on chat boards, where their identities are not revealed. Some opportunists take this to another level by continuing to spread false and misleading information against the issuer its officers directors suppliers to name a few. They do this in hopes that the issuer will simply go out of business and therefore whatever stock they owe will never have to be repaid.
Although these issuers primary businesses are in China, they are well capitalized, well structured with a strong business model. Simply put, by any account, these issuers are not going out of business any time soon. Although in the short term this SELL ONLY strategy may appear to be working, the counter measures and remedies available to these issuers, the legal steps we intend to take against these brokers and notifications to the regulators to name a few will eventually see these shorts cover. We also remind the market that these issuers are not the "traditional" Pink Sheets listed companies which usually roll over on any sign of turbulence. They maintain small office presence in North America, employ English speaking Directors and officers, some are X CEOs and well seasoned to tackle these types of challenges.
To that end, with respect to the stocks of our client companies, including HTDS, and LDSR Mina Mar will offer a $10,000 reward for information leading to arrest and prosecution of a criminal manipulator, a $5,000 reward for information leading to the punishment of a naked short seller, and a $1,000 reward to find out the identity of any person defaming its clients while not identifying themselves. To report suspicions of such activity, contact www.minamargroup.com/helpdesk. All reports will be held in confidence
We are already winning a Canadian based lawsuit against a U.S.-based stock chat board and a number of cowardly chat board users who are hiding behind false names on the chat board while slandering us and our clients," he said. See SEC web site and link for more information http://sec.gov/answers/msgbd.htm I believe we are unique in our market niche in taking an aggressive stance against these craven scavengers who seek only to maliciously destroy progress.
Mina Mar's current litigation is against a U.S. investor chatboard and certain anonymous posters. In addition, Mina Mar's litigation attorneys have already sent letters to certain other primarily web content sites, asking them as well to reveal the identities of persons posting fraudulent information on their stock sites.
We are serious about our business, the clients we represent and we will do everything in our power to protect their interests and the interests of our clients shareholders. If you are a criminal manipulator, naked short seller, or craven purveyor of slander, we will legally hunt you down, expose your activities and bring you to justice."
Both issuers intend to take other steps to thwart these activities and will report back shortly.
Safe Harbor Statement:
Information in this filing may contain statements about future expectations, plans, prospects or performance of the issuers that constitute forward-looking statements for purposes of the safe harbor Provision's under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. The issuers cautions you that any forward-looking information provided by or on behalf of the issuers is not a guarantee of future performance. None of the information in this filing constitutes or is intended as an offer to sell securities or investment advice of any kind. The issuers actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond issuers control. In addition to those discussed with issuers press releases, public filings, and statements by the issuers management, including, but not limited to, the issuers estimate of the sufficiency of its existing capital resources, issuers ability to raise additional capital to fund future operations, issuers ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match the issuers capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. The issuers do not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
|SOURCE Hard to Treat Diseases|
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