Nasdaq may drop K-Tel stock listing

Article Abstract:

K-Tel International may lose its listing on the Nasdaq Stock Market as it lacks the required assets to remain listed. The money-losing record seller, however, has appealed with the stock exchange to extend its listing and is also attempting to generate enough capital to meet the stock market requirement. In the meantime, the company will continue trading on Nasdaq, where it saw its stock price plunged after the warning sent by the stock market. The warning by the Nasdaq presents an larger warning that the Internet is not yet profitable for most firms.

Comment:

May lose listing on the Nasdaq Stock Market as it lacks the required assets to remain listed

United States, Securities issued, listed, K-Tel International Inc.

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Direct mailer Allied to pay New York at least $500,000 in settlement deal

Article Abstract:

Allied Marketing Group, a Dallas, TX-based direct mailer, is going to pay New York at least $500,000 in a settlement deal for allegedly cheating 100,000 consumers in a mock sweepstakes. According to Attorney General Dennis Vacco, the company could also give as much as $1.6 million in refunds to the consumers involved. The settlement calls for Allied to notify consumers about refunds. Allied General counsel Rick Burton said only those who respond will be paid. Consumers who respond receive $10 to $15.60 in refunds.

Comment:

Direct mailer to pay New York at least $500,000 in settlement deal for allegedly cheating 100,000 consumers in mock sweepstakes

Allied Marketing Group Inc.

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Selket settles claims on Y2K fraud

Article Abstract:

Ridgecrest, CA-based Selket Precious Metals has agreed to settle claims brought by the Federal Trade Commission (FTC) that it has used the Internet since 1995 to dupe investors into buying unregistered stocks and certificates redeemable in gold. The firm capitalized on the fear generated by the year 2000 computer date transition problem to falsely represent itself. The FTC found that the promised returns by Selket to these investors were highly improbable for a number of reasons.

Selket Precious Metals

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