Habe ich eben bei WO gefunden. Gut das meine Kauforder am Freitag nicht ausgeführt wurde. Ihr solltet sehen das ihr so schell wie möglich da raus kommt und eure bisherigen Gewinne mitnehmt.
Gruß AUF GEHT`S
LITTLE ROCK, Ark., March 3 /PRNewswire/ -- The Law Offices of Steven E. Cauley, P.A. announced today that a class action has been commenced in the United States District Court for the Western District of Washington on behalf of purchasers of Upgrade International Inc. (Nasdaq: UPGD - news; ``Upgrade``) common stock during the period between Nov. 29, 1999 and Feb. 24, 2000 (the ``Class Period``).
The complaint charges Upgrade, Daniel Bland and certain of its officers and directors with violations of the federal securities laws by making misrepresentations about Upgrade`s business. Specifically, the complaint alleges that the positive statements concerning Upgrade`s licensure of the Keepered Media technology from Ampex, the abilities of Upgrade`s UltraCard, Upgrade`s listing status with Nasdaq, and Upgrade`s reporting status with the SEC were materially false and misleading because, at the time Upgrade issued them, and that defendants knew, or were reckless in not knowing, the following adverse information:
a. That the Keepered Media technology had never been proven to work on a
credit card type format;
b. That Ampex, the owner of Keepered Media technology, had discontinued
its use as it was too costly for commercial manufacturing and did not
believe the technology had any material value;
c. That the value of Keepered Media technology was so insignificant, its
value was not even recorded as an asset on Ampex`s financial
statements;
d. That Upgrade had not applied for Nasdaq National Market System listing;
e. That the UltraCard had not been proven to store 20,000 times the
storage capacity of magnetic strip cards;
f. That Keepered Media technology had only been proven to work on hard
drive disks and was financially unfeasible to produce;
g. That despite its license of Keepered Media technology, Upgrade would
not have a product to sell, lease or license until the year 2001; and
h. That there was no reasonable basis for claiming that Upgrade would be
an SEC reporting company by February 24, 2000, as its auditors had not
even completed Upgrade`s audit.
By issuing these allegedly false and misleading statements, defendants artificially inflated Upgrade`s stock price from $10-1/2 on 11/29/99 to a Class Period high of $82-1/2 in January 2000, resulting in market capitalization of well over $1 billion, before the true facts about Upgrade`s troubled operations and false statements concerning Upgrade`s product development efforts were revealed.
The Law Offices of Steven E. Cauley have substantial experience in prosecuting class action lawsuits on behalf of investors, and recently obtained a $25 million settlement for certain purchasers of Medpartners securities. If you wish to serve as one of the lead plaintiffs in this lawsuit you must file the appropriate motion with the court within 60 days of February 24, 2000. If you have any questions regarding this lawsuit or how you may be able to recover for the losses you have incurred, please E-mail or call:
LAW OFFICES OF STEVEN E. CAULEY, P.A.
11311 Arcade Drive, Suite 201
Little Rock, AR 72212
E-mail: CauleyPA@aol.com
1-888-551-9944 - toll free
SOURCE: Law Offices of Steven E. Cauley, P.A.
Gruß AUF GEHT`S
LITTLE ROCK, Ark., March 3 /PRNewswire/ -- The Law Offices of Steven E. Cauley, P.A. announced today that a class action has been commenced in the United States District Court for the Western District of Washington on behalf of purchasers of Upgrade International Inc. (Nasdaq: UPGD - news; ``Upgrade``) common stock during the period between Nov. 29, 1999 and Feb. 24, 2000 (the ``Class Period``).
The complaint charges Upgrade, Daniel Bland and certain of its officers and directors with violations of the federal securities laws by making misrepresentations about Upgrade`s business. Specifically, the complaint alleges that the positive statements concerning Upgrade`s licensure of the Keepered Media technology from Ampex, the abilities of Upgrade`s UltraCard, Upgrade`s listing status with Nasdaq, and Upgrade`s reporting status with the SEC were materially false and misleading because, at the time Upgrade issued them, and that defendants knew, or were reckless in not knowing, the following adverse information:
a. That the Keepered Media technology had never been proven to work on a
credit card type format;
b. That Ampex, the owner of Keepered Media technology, had discontinued
its use as it was too costly for commercial manufacturing and did not
believe the technology had any material value;
c. That the value of Keepered Media technology was so insignificant, its
value was not even recorded as an asset on Ampex`s financial
statements;
d. That Upgrade had not applied for Nasdaq National Market System listing;
e. That the UltraCard had not been proven to store 20,000 times the
storage capacity of magnetic strip cards;
f. That Keepered Media technology had only been proven to work on hard
drive disks and was financially unfeasible to produce;
g. That despite its license of Keepered Media technology, Upgrade would
not have a product to sell, lease or license until the year 2001; and
h. That there was no reasonable basis for claiming that Upgrade would be
an SEC reporting company by February 24, 2000, as its auditors had not
even completed Upgrade`s audit.
By issuing these allegedly false and misleading statements, defendants artificially inflated Upgrade`s stock price from $10-1/2 on 11/29/99 to a Class Period high of $82-1/2 in January 2000, resulting in market capitalization of well over $1 billion, before the true facts about Upgrade`s troubled operations and false statements concerning Upgrade`s product development efforts were revealed.
The Law Offices of Steven E. Cauley have substantial experience in prosecuting class action lawsuits on behalf of investors, and recently obtained a $25 million settlement for certain purchasers of Medpartners securities. If you wish to serve as one of the lead plaintiffs in this lawsuit you must file the appropriate motion with the court within 60 days of February 24, 2000. If you have any questions regarding this lawsuit or how you may be able to recover for the losses you have incurred, please E-mail or call:
LAW OFFICES OF STEVEN E. CAULEY, P.A.
11311 Arcade Drive, Suite 201
Little Rock, AR 72212
E-mail: CauleyPA@aol.com
1-888-551-9944 - toll free
SOURCE: Law Offices of Steven E. Cauley, P.A.
