COMPANY PURSUES WEB SITE CORRECTION.Byline: Enrique Rivero Daily News Staff Writer Officials at YARC YARC You're Absolutely Right, Commander (military slang) Systems Corp. scrambled scram·ble v. scram·bled, scram·bling, scram·bles v.intr. 1. To move or climb hurriedly, especially on the hands and knees. 2. Monday to assure investors that an Internet service erroneously er·ro·ne·ous adj. Containing or derived from error; mistaken: erroneous conclusions. [Middle English, from Latin err included the Newbury Park company in a recent listing of insider sales. At issue is KFLP Holding's intention to sell 80,000 shares, worth an estimated $45,000, of YARC stock, which KFLP reported to the Securities and Exchange Commission. Yahoo!, the Internet portal, erroneously interpreted KFLP's filing as an insider sell-off and placed it online Aug. 10, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. officials with YARC, which makes computer and digital printer systems. KFLP is neither a major stake holder nor an insider of YARC, according to YARC Chairman and Chief Executive Officer Trevor Marshall Trevor G. Marshall, PhD (b. 1948, Adelaide, South Australia), is a biomedical researcher. Over the last few decades, he has developed a medical treatment, called the 'Marshall Protocol', which uses low-dose antibiotics, an angiotensin II receptor antagonist (being used as a VDR . According to Yahoo!'s Web site, an insider is ``an officer, director, or beneficial owner Beneficial Owner A person who enjoys the benefits of ownership even though title is in another name. Notes: For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial (holder of 10 percent or more) of a company's stock.'' KFLP owns about 130,000 YARC shares out of 16 million common shares outstanding - or roughly eight-tenths of a percent - and is thus not an insider, Marshall said. ``(Yahoo!'s) information was accurate in this case, the interpretation is wrong,'' Marshall said. Marshall said he has had a difficult time contacting Yahoo! to correct the mistake and that the Internet company should have a hotline or other, easier access to ensure a quick response. Yahoo! officials could not be reached for comment Monday. About 53,100 shares of YARC stock were traded Wednesday, two days after the listing appeared. That was more than five times the number of shares that changed hands the day the item appeared on Yahoo! ``We'd preferred that not to have happened, but it wasn't catastrophic,'' Marshall said about the post-listing sell-off. |
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