Austin, TX 10/18/2007 10:29:42 PM
Speak with other shareholders about: (Pink Sheets:RRLB), (Pink Sheets:IDGI), (Pink Sheets:SGCP), (Pink Sheets: LNGT).
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Red Reef Laboratories International, Inc. (Pink Sheets:RRLB)
Oct 18, 2007-- Red Reef Laboratories International, Inc. (Pink Sheets:RRLB), a scientific research, development, and marketing group focused on commercializing a variety of chemical and biological products, announced today the company has gathered its files, which we believe make a compelling case against the traders who are short selling RRLB, and provided them to the U.S. Attorney on behalf of our stockholders. As part of our fiduciary responsibility to our shareholders, we feel duty bound to do our part to encourage and support a fair market for RRLB stockholders.
In December, 2003 criminal charges were filed against the Badian brothers, (U.S. v Badian and Badian) alleging naked short selling. This case is still pending but served as the impetus for Red Reef to take action.
You don't have to be an experienced trader or investigator to conclude that trading patterns in the shares of RRLB indicate prejudice and manipulation, negating supply and demand. An experienced trader or investor would conclude that the company's market is controlled by a substantial short interest.
The trading techniques Red Reef finds objectionable are those that intentionally control the range in which shares will trade and the company is going on record once more to condemn this despicable practice. Hopefully this will help in some way to close delivery and payment loopholes and to restore ethical values in the investment community.
Our shareholders and the investing public deserve an even playing field when they buy or sell shares in any public company.
All investors would do well to demand physical delivery of the shares they purchase or have on deposit with their brokers, especially in OTC Pink Sheet companies. This would tend to reduce the available shares that brokers can borrow and possibly force short sellers to cover, or buy for delivery, shares previously sold short.
All too often trades having a total dollar value of as little as $5 are posted and cause a 10% or more decline in price. All too often thousands of dollars of buying have no effect on the upside. How many shareholders are there who own odd lots of 50 or 60 shares? Very few, if any, and it is doubtful that they would be inclined to sell when the commission might be more than the value of the trade. Every market maker should have an obligation to his employer and a moral obligation to the public to maintain an honest and orderly market.
The true extent of this immoral practice is far greater than one could imagine. For the sake of America's economy, as well as all investors, we must call for justice and put an end to the grip that short sellers have on our public markets.
To gain further insight on the extent of this problem via the internet, go to: http://www.rgm.com/articles/time.html
Red Reef has developed a Strategy for Success which we believe will discourage oppressive trading techniques, designed to control the share value in our publicly traded shares. Nothing succeeds like success.
About Red Reef Laboratories International, Inc.:
Red Reef Laboratories International, Inc. is a diversified scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of chemical and biological products, utilizing advanced surfactant technology and increasingly "green" compounds. These series of products are specifically designed for biocidal and virucidal applications. For more information, please visit the Company's web site at www.redreef.biz.
Red Reef Laboratories International, Inc. (Pink Sheets:RRLB)
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INCA Designs, Inc. (Pink Sheets:IDGI)
Oct. 17th, 2007-- INCA Designs, Inc. (Pink Sheets:IDGI), a boutique design house that designs a line of swimwear, resort wear and accessories for the wholesale and retail markets under the brand names of inca, incagirl, incabag and inca jr., made a major splash recently as it showcased its Boho-chic collection at a private estate in Sag Harbor. The resort 2008 runway show, the first major runway show to hit the Hampton's east end, accelerated the buzz for the INCA line. Just as the sun was setting, the energy was contagious as cat walkers May Anderson, Jessica White and Julie Ordon previewed INCA's 2008 resort looks atop a sea grass covered sixty-foot runway stretching over the pool. Invited guests including Topher Grace, Russell Simmons and Kelly Bensimon lounged under cabanas sipping tequila while marveling over INCA's newest collection due to hit stores in November.
Prior to the successful runway show, Stephanie Hirsch and Stacy Josloff, the Company's executive officers and creative talent, hosted an intimate dinner party held at Hirsch's summer home in Bridgehampton. The Mexican Baja themed evening was attended by fashion insiders George Kalossa, executive vice president of Armani, jewelry designer Jennifer Miller, Toby Tucker Peters of InStyle magazine, and Justin Tarquino from Elle magazine. Renowned chef and longtime friend of Hirsch, Bethanny Frankel created a casual, Mexican-inspired menu perfectly aligned with the laid-back, luxury lifestyle that INCA embodies. The summer soiree was captured by Hamptons Magazine in a six-page spread to celebrate INCA's 2008 resort runway show.
Stephanie Hirsch, the Company's President and designer of the INCA line, stated: "We were excited to hold our show in the Hamptons this year to capture the attention of clients who embody the very essence of INCA and who embrace the INCA lifestyle. When we open our flagship store in Manhattan, we are looking forward to translating this excitement into sales as we serve the needs of our important clientele."
INCA's unique designs, innovative sourcing, product positioning, wide range of price points, and commitment to branding attracts a customer seeking a "resort lifestyle experience." INCA's cross-generational collection emphasizes beautiful fabrics and great fit. Recognizing a void in the market for luxury-inspired swimwear, resort wear and accessories at an accessible price point, INCA's collection embodies cohesive, sophisticated, yet wearable clothing and accessories for women and girls of all ages and backgrounds.
Prominently featured in the top fashion publications of Vogue, Elle, InStyle, and Town & Country, the INCA line is a favorite among celebrities including Denise Richards, Kelly Ripa, and Carmen Electra. INCA products are available at luxury department and specialty stores including Barneys New York, Scoop, and Intermix, and can also be purchased online at www.incagirl.com. Flagship boutique stores in New York and Miami are slated to open in late 2007.
Corporate offices are located at 976 Lexington Avenue, New York, NY 10021. Questions should be directed to Cervelle Group, David Donlin, Investor Relations, 407-475-9966. More information about the Company, as well as footage from its 2008 runway show, can be found at www.incagirl.com.
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Sierra Gold Corporation (Pink Sheets: SGCP)
Oct. 18th, 2007-- Sierra Gold Corporation (Pink Sheets:SGCP) has just received reports for its first set of samples from a new gold bearing hard rock formation in Sierra Leone. The new zone is narrow but runs for a number of miles in each strike direction. Five pounds of samples collected were processed using local methods. The gold grades were approximately 80 grams per ton (more than 2.5 ounces per ton). A second set of samples is presently being tested with results expected shortly.
Sierra Gold's geological team will continue to investigate and further explore the new hard rock formation. Samples will be deposited this month with SGS Laboratories in Ontario, Canada to confirm the recent testing done in Sierra Leone. A trenching program will be initiated to determine the strike length of the area. The company also plans to do more surface sampling as well as a drilling program. Sierra Gold has secured an option for the mining rights to the property.
Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and prospecting. Sierra Leone's neighbors, Ghana and Mali, are the second and third largest gold producers in all of Africa. Sierra Gold Corporation (Pink Sheets:SGCP) has just received reports for its first set of samples from a new gold bearing hard rock formation in Sierra Leone. The new zone is narrow but runs for a number of miles in each strike direction. Five pounds of samples collected were processed using local methods. The gold grades were approximately 80 grams per ton (more than 2.5 ounces per ton). A second set of samples is presently being tested with results expected shortly.
Sierra Gold's geological team will continue to investigate and further explore the new hard rock formation. Samples will be deposited this month with SGS Laboratories in Ontario, Canada to confirm the recent testing done in Sierra Leone. A trenching program will be initiated to determine the strike length of the area. The company also plans to do more surface sampling as well as a drilling program. Sierra Gold has secured an option for the mining rights to the property.
Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and prospecting. Sierra Leone's neighbors, Ghana and Mali, are the second and third largest gold producers in all of Africa.
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Laser Energetics, Inc. (Pink Sheets: LNGT)
Oct. 17th, 2007-- Laser Energetics, Inc. (Pink Sheets: LNGT) announced today that the Company has delivered one of its BrightStar solid-state Alexandrite lasers, for a non-lethal laser defense application, to a Fortune 50 defense contractor..
The BrightStar(TM) laser is part of the Company's current product line of conductively air cooled lasers. This BrightStar(TM) laser was purchased for experiments that are classified, and which can potentially lead to a major program involving several thousand Alexandrite lasers.
The value of the transaction was approximately $79,000.
Laser Energetics' laser technology can be designed to operate off batteries, making these conductively cooled lasers man-portable on the battlefield. Other competing types of high energy lasers need water or other sophisticated methods of cooling which hinder their ability to become man-portable. This current technology is covered by patents owned by the Company.
Robert D. Battis, Chairman and Chief Executive Officer of Laser Energetics, stated, "Our BrightStar(TM) Alexandrite laser technology has gained a lot of attention from the defense industry. We're currently working with several large contractors to identify new and additional applications for the technology. We hope to be in a position to make several announcements regarding these developments in the near future."
About Laser Energetics, Inc.:
LEI has and continues to develop a comprehensive and strategic laser product line that addresses applications in Industry, Science, Medicine and the Military. The Company has had a primary focus on its Alexandrite laser technology. These tunable solid state lasers are unique in that they can be conductively air cooled to compete favorably against water cooled lasers in many applications. In addition, these lasers have one of the greatest wavelength tuning ranges with a bandwidth of over 250nm. The company is pursuing markets that are diverse yet can use the same laser with their compact user friendly design. This laser technology provides a sustainable advantage over many other lasers because of their tune-ability, conductively air cooled operation, and their efficiency allowing these lasers to operate at 110 Volts as compared to other less efficient competitive lasers that are large and need 220 Volts to operate.
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As a trader, a very intelligent place to put your money, is where the money is flowing into. These are the kind of trades that you want to get into.
As the saying goes...follow the money!
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