"wha-a-a-a-a-a-a-a-a-a-a-a-a"
 http://war-online.org/PinkSheets.htm
Recently, WAR reported that the Pink Sheets, privately
held limited liability company, headed by Chairman and
CEO R. Cromwell Coulson was enabling Huntingdon Life
Sciences (trading under stock symbol: LSRI) to
continue to market their shares to the general public
via their Pink Sheets website.
Cromwell Coulson's immediate response was to put a
disclaimer on the website page that lists LSRI, saying
that:
LSRI is neither reported, quoted, traded nor listed on
the Pink Sheets electronic inter-dealer quotation and
trading system
This disclaimer links to a statement made by the Pink
Sheets accusing WAR of making "false statements", of
"attempting to incite illegal activities" and of
"maliciously targeting the wrong entity". We guess
that he missed the part where we asked for polite and
informative communications.
We challenge you to do the following:
Go to the Pink Sheets: http://pinksheets.com
In the upper left hand corner under the logo you will
see an inquiry box. Type in the symbol LSRI and then
hit the GO button. This will take you to the daily
quote for LSRI. As indicated in our first e-mail,
LSRI is listed as "Other OTC", which if you follow the
link will tell you that it is not officially listed on
the Pink Sheets. If you go to the following link, you
will see that the Pink Sheets offers a reporting
service to companies that are willing to pay for said
service:
http://www.pinksheets.com/products/issuers_index.jsp
Pardon us if we are confused. How does a company list
and report stock prices on their website for a company
that they neither list nor report? The argument
about whether they distribute the information to other
agencies is a smokescreen argument. The fact of the
matter is that the Pinks Sheets lists and reports both
trading prices, news, charts, SEC filings and company
information for LSRI.
What we are asking is simple. The Pink Sheets has
already gone half way by listing the disclaimer
clarifying that they do not officially list LSRI on
their Pink Sheets and we thank them for doing that.
Now all we are asking is that they take LSRI's
information off of their lists and stop reporting
their daily trading and news.
As if we didn't have enough to deal with a
photographer who claims to own the picture we used in
our last action alert is threatening legal action if
we don't remove Cromwell's picture from our website.
Whining and carrying on, he has given us less than 12
hours to make the change despite the fact that we are
a volunteer run organization with no paid staff and
finding it difficult to comply with his request by his
unrealistic deadline. Perhaps Mr. Russell needs to
hear about what HLS does at their labs. We think that
if he knew what HLS was doing, he would grant his
permission to use the picture. Drop him a line at:
david@... or call: 917-922-8332. His
website is: http://dmrussell.com
Dealing with all of this whining and bellyaching
reminds us of why we are fighting this fight. Right
now there are somewhere around 70,000 animals,
imprisoned in Huntingdon Life Sciences. They are being
poisoned, gassed, multilated and tortured by sadistic
workers who make fun of their pain and suffering. The
Pink Sheets enables Huntingdon Life Sciences to
continue to kill innocent animals daily. Let Cromwell
Coulson know what you think.
*******Note: Once again, we are asking that if anyone
communicates with Cromwell Coulson, anyone at the Pink
Sheets or Photographer David Russell, please keep all
of your correspondence or communications polite and
educational. If you have questions about the legality
of such correspondence, check your local laws and
ordinances before proceeding.*********
Mr. R. Cromwell Coulson
Chairman and Chief Executive Officer
Pink Sheets LLC
304 Hudson Street, 2 nd Floor
New York, NY 10013
**********************************
New Information:
Direct Phone Line - Cromwell Coulson: 212-896-4444
Fax: 212-868-3848
e-mail: cromwell@...
***********************************
General Information and Investor Questions
info@...
Issuer Questions
Issuer Services 212.896.4420
issuerservices@...
Subscription Information
Customer Service 212.896.4405
sales@...
Trial Subscriptions
Sales Marketing 212.896.4432
sales@...
Historical Pricing
Library 212.896.4483
Technical Information
Systems Department 212.896.4411
webmaster@...
info@..., issuerservices@...,
sales@..., webmaster@...
Be part of history. Help stop the torture and killing
at Huntingdon Life Sciences.
For more info contact Win Animal Rights at:
centcom@...
Call: 646.267.9934 or visit the WAR website at:
http://war-online.org
|
FOR IMMEDIATE RELEASE:
LSRI is Neither Reported, Quoted, Traded Nor Listed on the Pink Sheets Electronic Inter-Dealer Quotation and Trading System
New York, NY, July 10, 2006 - In response to false statements recently made by WIN ANIMAL RIGHTS of 305 Madison Avenue, Suite 440, New York, New York 10165 (WAR), Pink Sheets LLC makes the following clarifying statement:
Life Sciences Research, Inc. (LSRI) is not quoted, traded or listed on the Pink Sheets electronic inter-dealer quotation and trading system.
LSRI is identified as "Other OTC," a reference to stocks trading on the so-called "Grey Market." Securities identified as "Other OTC" are not listed on any stock exchange or quoted on the Pink Sheets or the OTCBB. Other OTC trades are reported by broker-dealers to their Self Regulatory Organizations (SROs), and the relevant SRO makes these trades publicly available to market data services. Pink Sheets is not an SRO.
Trade reporting and recording of LSRI trades are made through the facilities of an SEC registered SRO that distributes the information to market data services and websites for public redistribution. Pink Sheets is not an SRO and does not receive trade reports in LSRI from broker-dealers or redistribute the information to other market data services or web sites.
Pink Sheets website, like all other financial websites, does display the trade data distributed by SROs in 50,000+ Other OTC securities (as well as 9,000+ exchange listed securities, 3,000+ OTCBB quoted securities and 4,800+ Pink Sheets traded securities) which are clearly marked Other OTC, with a link explaining that Other OTC securities are not reported, quoted, traded nor listed on the Pink Sheets.
WAR has made the false and misleading statement that "Pink Sheets is still reporting and recording their trades and funneling the information to other reporting venues like the OTCBB and Yahoo Finance." This statement is false. Pink Sheets is not an SRO. It does not report, record or redistribute to other vendors trade reports for LSRI or any Other OTC security, does not receive trade reports from broker-dealers in Other OTC securities, does not have ownership of any trade data in Other OTC securities, and does not "funnel" trade information about LSRI to other reporting venues or financial websites. The information on Other OTC trade displayed on financial websites comes from SRO trade data services that are not affiliated with Pink Sheets.
WAR's past statements regarding LSRI trading have resulted in unlawful threats and intimidation of OTC market participants, notwithstanding the claims made on their website. The most-recent false and misleading statements about Pink Sheets can only be viewed as another attempt to incite unlawful mischief. In this case, WAR has carelessly and maliciously targeted the wrong entity. Pink Sheets is not responsible for trade reporting, recording and redistribution in LSRI or any other OTC security. Any threats received by Pink Sheets as a result of this incitement will be forwarded to the proper law enforcement authorities.
Please address any questions about this matter via email to