Thread: MATT........

I'll look into it for you William and get back to you later on tonight if I find anything.

Michael

Merry Christmas Lionel lol Is this the legal and ethical way to do business?

“Quepasa Corporation NASDAQ: QPSA the “Company” today announced that The NASDAQ Stock Market has confirmed that the Company has regained compliance with the NASDAQ Marketplace Rules.

As previously disclosed on the Current Report on Form 8-K filed on January 24, 2007, on January 19, 2007, the Company was advised verbally by The NASDAQ Stock Market that it was not in full compliance with NASDAQ Marketplace Rule 4350c3, 4350c4, and 4350d2 because Mr. Lionel Sosa: i whom the Company had determined was an independent director; and ii who was a member of the Companys Compensation, Audit, and Corporate Governance and Nominating Committees, had received a $300,000 payment from the Company on December 28, 2006, as reported in the Companys Current Report on Form 8-K, filed on December 19, 2006.

On January 20, 2007, at a regularly scheduled meeting of the Companys Board of Directors, Mr. Sosa resigned from each of his Board committee positions and the Board appointed a new independent director, Malcolm Jozoff, to the Board and appointed him to serve on the Audit and Standards Committees and as the new Chairman of the Compensation Committee.

On January 22, 2007, the Company notified The NASDAQ Stock Market that: i Mr. Sosa had resigned from the Board committees that he served on; ii Malcolm Jozoff had been elected to the Board and appointed to serve on the Audit and Standards Committees and as the new Chairman of the Compensation Committee; and iii no Board or committee actions occurred during the Companys noncompliance period.

On January 29, 2007, the Company received a letter from the Listing Qualifications Department of The NASDAQ Stock Market advising the Company that it had regained compliance with the NASDAQ Marketplace Rules and that the matter was now closed.”

HAHAHAHAHA lmao

Even the HB forum scholar (and he's not prejudice either lol) is taking his shot at matt to ........ lol

Notice how he refers to New York??????? lmao

No racism over there................. hahahahaha


tony_cheek
Forum Scholar



USA
2418 Posts
Posted - 02/04/2007 : 8:22:36 PM
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Holy Sweet Mamma!

I haven't seen that many rabid idiots since the last Lynrd Skynrd concert in Birmingham. Jew York? Where's all the moms when their kids are playing on the InterTubes?

Do they even whisper the word moderator over there?



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I have been doing some poking around lately, and have seen that a lot of postings are with IndyMedia.

Although this is most likely the anarchists posting. If you are doing research, check out Myspace, it seems a while back there was something said here about the direct illegal supporters using Myspace.

If you can stand my opinion.....I think that the troops are starting to wane with these people. Where I live, I have seen a big drop in the "La Raza/Brown Pride" boloney we were seeing a lot last summer. My thoughts were that the raids this last year have really cooled a lot of their jets.

The other issue a friend brought up, some might think with the Dems in control that they can now sit back and are now doing just that, being less vocal and active now.

The push is going to be quieter this time around......... their failed march last year showed the American public just what's going on and I can tell you this, alot of them didn't like seeing those mexican flags flying........ I hear through the grapevine there is another one slated for this year.....

Trust me.......... they are going to push and it's starting all over again. Just keep an eye on things and you will see.........It's always calm before the storm.

As I have yet to find a direct connection, but I do find it fasinating that these special interest groups are some how entertwined with each other....... It's like one giant spider web........... one is associated with another that is associated with another........
The similarities of the two que pasa's is they are both involved with media giants like NBC and CBS.........
These entertwining businesses have ties back to mexico and America........ It gets really wild when you start checking them out......

Originally Posted by ALIPAC

Michael,

Please let me know if you find any link between Quepasa.com and the Que Pasa newspaper chain here in NC.

W

So let me get this straight.

Lionel Sosa has been payed off and fired or pushed out of the Que Pasa corporation for inappropriate actions that violated the NASDAQ Marketplace Rules?

W

Hand Slap Prompts Board Shifts at Quepasa Corporation
1 de febrero de 2007 9:59 EST

"Responding to a notice threatening to delist Quepasa Corporation from the Nasdaq, prominent advertising executive Lionel Sosa has resigned from several of his board committee positions. Mr. Sosa, the founder of MATT Inc. Mexicans and Americans Trading Together Inc., remains on Quepasas board and an additional director has been added to it."

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16-Nov-2006

Change in Directors or Principal Officers



Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On November 11, 2006, the Board of Directors (the "Board") of Quepasa Corporation (the "Company") increased the size of the Board to six and elected Alonso Ancira to fill the newly created vacancy as a non-employee director.

For his service as a non-employee director of the Company, Mr. Ancira is eligible to receive 1,250 shares of unrestricted common stock of the Company to be granted on the last day of each fiscal quarter of the Company. As previously disclosed in the Company's Current Report on Form 8-K filed on September 25, 2006, the compensation paid to non-employee directors shall be granted pursuant to the terms of the 2006 Stock Incentive Plan (the "Plan") and is subject to stockholder approval of the Plan.

In addition, Mr. Ancira is the Chairman of the Board of Directors of Mexicans & Americans Trading Together, Inc. ("MATT, INC.") and Altos Hornos de Mexico S.A. de C.V. ("AHMSA"). MATT, INC. is a wholly owned subsidiary of AHMSA. Mr. Ancira is a minority stockholder in Grupo Acerero del Norte S.A. de C.V., the largest stockholder in AHMSA. Mr. Ancira also serves on the Board of Directors of Mexicans & Americans Thinking Together Foundation, Inc. (the "Foundation"), a not-for-profit organization. The Foundation and the Company intend to enter into a Corporate Sponsorship and Management Services Agreement.

As previously disclosed in the Company's Current Report on Form 8-K filed on October 19, 2006, the Company entered into a Securities Purchase Agreement with MATT, INC. on October 17, 2006, pursuant to which the Company issued 1,000,000 shares of its common stock to MATT, INC. at a purchase price of $10.00 per share (for an aggregate purchase price of $10,000,000). MATT, INC. was also granted a warrant to purchase 1,000,000 shares of common stock at an exercise price of $12.50 per share and a warrant to purchase 1,000,000 shares of common stock at an exercise price of $15.00 per share (the "Warrants"). The Securities Purchase Agreement and the WARRANTS were filed as Exhibits 10.1, 10.2, and 10.3, respectively, to the Company's Current Report on Form 8-K filed on October 19, 2006, and are incorporated by reference into this Item 5.02.

Quepasa Corp. Gets Shot in Arm, Nasdaq Listing

October 20, 2006

By Michael Todd

The once struggling Internet portal Quepasa Corp. received a $10 million shot in the arm Thursday from another up-and-coming Web-focused property, Mexicans and Americans Trading Together Inc., or MATT Biz. MATT Biz is the funding source for MATT.Org, a politically focused Web site helmed by retired advertising guru Lionel Sosa.

Quepasa, the only Hispanic-oriented Web site to survive the dot-com meltdown, has been in improving health since new management took over in March, and on Monday will start trading its shares on Nasdaq. Shares in Quepasa, which traded for pennies a few years ago, have more than tripled in value this year, and on Friday closed at $10.85. That gives the Scottsdale, Ariz.-based company a market capitalization of $105 million.

Quepasa describes itself as "the largest and longest-established, bicultural, Hispanic online community" and serves visitors in the United States and some areas of Latin America, with options for its MySpace-like content in either English or Spanish.

MATT Biz is actually the second investor to back the revamped Quepasa since Robert B. Stearns took over as CEO. In March, Richard L. Scott Investments LLC and Associates acquired warrants with Quepasa that could be exercised at $3, $7 and $11, and in August exercised the first batch for a million shares, providing $2.87 million in liquidity for Quepasa.

"As the Latino demographic continues to display increasingly sophisticated behavior online, adept marketers are realizing the value of diversifying their portfolio into America's fastest growing cultural segment: the Hispanic market," Jeffrey Peterson, Quepasa's founder and chief technical officer, was quoted when the Scott deal was struck. "The time is right for Quepasa as a company to take hold of the full potential of its opportunity."

The Scott firm is the primary investment vehicle for Rick Scott, a billionaire who with Richard Rainwater started Columbia Healthcare in 1987. Mr. Scott's chief financial officer was Mr. Stearns.

"He (Mr. Stearns) came to run the organization and hopefully turn it around in the next two years," said Kevin Strick, Quepasa's director of investor relations.

Mr. Strick said the company has not released its turnaround plan publicly, but expected a detailed business plan to be out in a few months. He did note that while Quepasa is still losing money, the $2.9 million loss it took on revenues of $765,000 in the 2005 fiscal year occurred on the last management's watch.

By moving from the its common stock to the Nasdaq Capital Market from the Bulletin Board, the company expects to attract an even broader array of investors. "The Bulletin Board is, for lack of better words, a very scummy little exchange, where most companies go if they don't qualify the AMEX or the Nasdaq," Mr. Strick said. "Lots of investors can't or don't approach Bulletin Board stocks, but with us now on the Nasdaq we're open to them."

He noted that only about 20 percent of Quepasa's outstanding shares are available for trade, "and we're looking at ways to increase that float over time to make investing in us more attractive."

The privately held MATT Biz accepted two 10-year warrants as part of its investment alongside one million shares. The warrants are good for a million shares each at $12.50 and $15. As part of the deal, MATT Biz has agreed to assist Quepasa in generating ad revenue.

"This relationship provides Quepasa with superb opportunities to fortify our advertising and product-related revenues from major Mexican and Latin American corporations," Mr. Stearns said in a release.

In a conversation with HispanicBusiness.com, Mr. Sosa was also enthusiastic about MATT Biz's relationship, especially on the editorial and technical sides.

Noting the million "clicks" Quepasa reportedly gets a day, he said, "What this does is give MATT.Org a whole lot of muscle, and enables us to grow immediately into what it would have takes us seven or 10 years.

"Quepasa is primarily entertainment and information now, and with the MATT.Org partnership we add empowerment," Mr. Sosa said. "By adding engagement with entertainment, it makes them more whole, a totally whole Web site, and MATT.org become a service to Quepasa." MATT.Org focuses on political and current events, with a healthy dose of commentary.

In August, Mr. Sosa joined Quepasa's board as an independent director, and with this investment MATT Biz will name another director.

At this point, both he and Mr. Strick expected the editorial functions at both to remain separate but sharing entities.

"Web sites are living, breathing instruments that change constantly depending on the needs and wants of the Internet community," said Mr. Sosa. "We'll be listening very carefully to our members."