text:
|By Marketwired .
Article Rating:
|December 21, 2012 04:05 PM EST
LONDON, ONTARIO -- (Marketwire) -- 12/21/12 -- Critical Outcome Technologies Inc. (COTI) (TSX VENTURE:COT) announced fiscal 2013 second quarter financial results today for the three and six months ended October 31, 2012.
"As we have outlined in the past, the Company has a two-pronged strategy for commercial validation of its underlying CHEMSAS® technology," said Dr. Wayne Danter, President and Chief Executive Officer. "The first strategy is to license a novel compound discovered and optimized using CHEMSAS® that has been successfully moved through preclinical testing as predicted. The second strategy is to enter into research and product development (R&D) collaboration agreements with third parties for therapeutic targets of interest to them. Both of these strategies progressed very well in the quarter."
"We continued our COTI-2 licensing initiatives during the quarter on a number of fronts, which included the engagement of a life science commercialization consulting firm to broaden the Company's reach, experience and effort with the licensing transaction. We believe the positive progress being made in both the scientific results for COTI-2 and our R&D collaboration programs highlighted below will provide momentum for success in this initiative," said Dr. Wayne Danter.
"While only modest revenue was received during the quarter under the collaboration agreements announced in September 2012, we are building shareholder value through the revenue "tails" of milestone payments and royalties that ensue from successfully completing these discovery, optimization and profiling collaborations," noted Dr. Danter. "These collaborations also expand the number and types of parties that can benefit from using CHEMSAS®, which is important in demonstrating the breadth and depth of CHEMSAS® as a drug discovery engine."
Financial Highlights
The Company reported a net loss of $762,669 or $0.01 per common share for the three months ended October 31, 2012 (Q2-F'13) compared to a net loss of $648,530 or $0.01 per common share for the comparable quarter ended October 31, 2011 (Q2-F'12). For the six months ended October 31, 2012 (YTD-F'13) the Company reported a net loss of $1,485,439 or $0.02 per common share compared to a net loss of $1,290,786 or $0.02 per common share for the six months ended October 31, 2011. The increased loss in the quarter of $114,139 and $194,653 for the six month period related to two major functional expense areas; R&D expenses increased by $113,453 in the quarter and $174,507 year to date and general and administration (G&A) expenses increased by $13,866 for the quarter and $39,270 year to date.
The R&D increase related primarily to R&D testing, consulting and materials, which increased $96,636 in the quarter (YTD-F'13 - $218,615) due to increased in vitro and in vivo testing of the Company's lead oncology asset, COTI-2. This increase was partially offset by a decrease in synthesis costs of $7,601 in the quarter (YTD-F'13 - $84,880).
The G&A increase related to two expense items; first, Q2-F'13 amortization costs increased by $11,901 (YTD-F'13 - $22,816) resulting from the grant of a patent for COTI-2 by the United States Patent Office in October 2011; and, second, share-based compensation increased $40,152 (YTD-F'13 - $41,356) due to share options granted to officers and a consultant. These increases were partially offset by a reduction in professional fees in the quarter of $31,294 (YTD-F'13 - $18,218) as the Company did not incur the consulting service fees associated with the required transition to International Financial Reporting Standards of 2012.
At the quarter end, the Company held cash, cash equivalents and short-term investments of $575,530. This balance reflected a decline of $1,143,141 since the April 30, 2012 year end with cash used in operating activities representing $1,166,047. "The Company is pursuing additional financing to sustain operations and execute on its business plan with an anticipated closing in the first quarter of calendar 2013," advised Dr. Danter.
Operational Highlights
The Company made steady progress in developing COTI-2 toward an investigational new drug filing leading to human clinical trials and a licensing transaction in the quarter. On September 18, 2012, the Company announced the initiation of the final series of toxicity experiments in two animal species using the oral formulation. On September 20, 2012, the Company announced the broadening of the mechanism of action (MOA) of COTI-2 beyond AKT inhibition. Previous preclinical MOA work clearly showed that COTI-2 modulated the PI3K/AKT/mTOR pathway. However, new data derived from gene profiling and in vitro testing indicates that COTI-2 is particularly effective in treating cancer cell lines with p53 mutations, an effect not associated with AKT inhibitors. "The effectiveness of COTI-2 based on the status of p53, a tumor suppressing gene, could make this compound and class an important new treatment for cancer, as at least 50% of human cancers harbor a p53 mutation. These findings improved the understanding of COTI-2's MOA and help clarify some of the positive results seen in earlier experiments and trials that were not explained by AKT inhibition alone," stated Dr. Danter.
Efforts in achieving R&D collaborations using the Company's proprietary CHEMSAS® platform with a variety of life science organizations culminated in the Company being able to announce two collaborations in the quarter; one with Western University on September 6, 2012 and another with Delmar Chemicals Inc. on September 12, 2012. Subsequent to the quarter end, the Company announced a third collaboration on December 6 with a multinational pharmaceutical company. "Success with these collaborations provides important commercial validation of CHEMSAS®, a source of revenue to the Company and illustrates the capability of the platform to function across multiple disease areas," noted Dr. Danter.
More detailed operating and financial results can be found in the Company's unaudited condensed interim financial statements and the Management Discussion and Analysis for the three and six months ended October 31, 2012, which can both be found on SEDAR at www.sedar.com. This material is also available on the Company's website at www.criticaloutcome.com.
Notice to Readers
Information provided in this press release may contain certain statements which constitute "forward-looking statements" within the meaning of the Securities Act (Ontario) and applicable securities laws. For example, the statement "Success with these collaborations provides important commercial validation of CHEMSAS®, a source of revenue to the Company and illustrates the capability of the platform to function across multiple disease areas..." and "could make this compound and class an important new treatment for cancer..." and "... pursuing additional financing to sustain operations and execute on its business plan with an anticipated closing in the first quarter of calendar 2013..." are forward-looking statements. These statements convey the Company's efforts to commercially validate CHEMSAS® and file a submission to enable human clinical trials to occur for its lead oncology compound and also efforts to obtain a licensing deal and financing, but COTI is not in a position at this time to determine when, or if these events will occur. Forward-looking statements, by their nature, are not guarantees of future performance and are based upon management's current expectations, estimates, projections and assumptions. Risks that could impact on these forward-looking statements are outlined in the Company's annual information form. Management of COTI considers the assumptions on which these forward-looking statements are based to be reasonable, but as a result of the many risk factors, cautions the reader that actual results could differ materially from those expressed or implied in these forward-looking statements.
About Critical Outcome Technologies Inc.
COTI is a leading-edge company specializing in accelerating the discovery of small molecules thus enabling these new drugs to be brought to market in a more cost effective, efficient and timely manner. COTI'S proprietary artificial intelligence system, CHEMSAS®, utilizes a series of predictive computer models to identify compounds most likely to be successfully incorporated in disease-specific drug discovery, as well as subsequent optimization and preclinical development. These compounds are targeted for a variety of diseases, particularly those for which current treatments are either lacking or ineffective. Upon confirming the predictions of CHEMSAS® through a series of preclinical tests, COTI seeks to license these compounds for further preclinical and clinical compounds.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Critical Outcome Technologies Inc. (COTI)
Mr. Gene Kelly
Chief Financial Officer
[email protected]
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text:
is a glass of wine prohibited?
Use of alcohol with Xarelto?
- Posted:
- 12 Jan 2013 by hkohlmann
- Topics:
- deep vein thrombosis (dvt), alcohol, wine, xarelto
Answers (1)
12 Feb 2013
All medical personnel and literature that accompanies your prescription drug will tell you that you should not take alcohol with any drugs. That being said, you will need will need to listen to what your body is telling you. I am in a similar situation as you and so far there has not been any problem. My hematologist, one of the top in the country, knows and has not made a big deal about it.
Thank you. The literature which came with it is silent on the issue of Alcohol. However, with only two small glasses of wine I get the runs and I was wondering if that was due to the medication in combination with a small amount of wine. The blood thinner is working because I cut my thumb and it was a job getting it to stop bleeding. I see below that a person was drinking an entire box of boxed wine each day. That is a death risk no matter what medication is taken.
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subset: commoncrawl


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a 100% accurate map of north america as drawn by a canadian
I'm a Texas resident and I can confirm this.
I'm a SoCal resident and I can confirm this.
So…I live in the land of No?
a 100% accurate map of north america as drawn by a canadian
I'm a Texas resident and I can confirm this.
I'm a SoCal resident and I can confirm this.
So…I live in the land of No?
wow look at all these
- watch a dog lick your screen forever
- ever wanted to slap a bald guy with an eel?
- one of those circle picture things
- dont even get me fricken started
- this ones got a penis in it 17+
- has the large hadron collider destroyed the world yet?
- make the fat lady eat apples or something
- you get a different colour every time
what a time to be alive
the last two frames of this kill me
this fucked me up so much
What is this? Is he even real?
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My friend mentioned something about wanting male-female genderbends of some of the princes! I'm a sucker for bandwagons, so I obliged.
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Two drivers who hit 133mph among 50,000 caught speeding in...
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75,000 miles, Manual, Hatchback, Blue, 2008, 57 plate, Petrol
14,000 miles, Manual, Hatchback, Gold, 2010, 10 plate, Petrol
91,000 miles, Manual, Hatchback, Red, 2006, 06 plate, Petrol
43,000 miles, Manual, Hatchback, Silver, 2003, 03 plate, Petrol
51,000 miles, Manual, Hatchback, Silver, 2004, 54 plate, Diesel
78,000 miles, Manual, Hatchback, Black, 2006, 56 plate, Petrol
84,000 miles, Manual, Hatchback, Red, 2006, 06 plate, Petrol
54,000 miles, Manual, Hatchback, Silver, 2004, 54 plate, Petrol
70,000 miles, Manual, Hatchback, Black, 2004, 04 plate, Petrol
50,000 miles, Manual, Hatchback, Blue, 2002, 52 plate, Petrol
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text:
My house doesn't like you either!
If there's a property boom in London then why can't I sell my home, wails CORA MANN
Sunday 14 November 1999
We felt so confident when we started out. All the signs were good. For months, we'd been bombarded with leaflets from estate agents desperate to sell our maisonette. Other people we knew were equally frantically looking for places and finding there just wasn't anywhere half-way decent if they didn't snap it up then and there.
When we finally got round to asking for a valuation last summer, the amounts we were quoted by various agents were jaw-dropping. Of the three agents who gave us an estimate, we went for the one who was middle of the road - neither the wideboy nor the yuppie.
We'd forgotten the minor aggravations of house selling. You tidy like a maniac and, because all surfaces must be kept clutter-free at all times in case of a surprise visit, you constantly lose things. You never dare do any washing, in case potential buyers are distracted by the horrendous sight of your husband's pants hanging out to dry. You stop cooking, in order to preserve the showroom state of your kitchen. You buy tons of fruit, which no one on pain of death may eat, and when it starts to look a bit shrivelled you throw it out and buy more. Likewise flowers: is anyone really taken in by this nonsense? When I'm looking round houses the minute I see flowers, artfully arranged guavas and starfruit, and smell the coffee, I recognise a pathetically transparent selling ploy - but never mind. If buying a pound of grapes and a bunch of gerberas a week will help, we'll do it.
Our main worry at this point was that we'd sell so quickly that we'd be left temporarily homeless. Ha ha again. So we went prospecting. And, of course, we met our dream home and fell in love. Up to now we'd been fairly relaxed about the minimal trickle of people passing through our des res. We weren't in a hurry, so we'd even overlooked the fact that our "sales negotiator" was about 11, had all the charm of a sloth on Valium, and had to be phoned every so often and coaxed to disclose how many people had been in and what they'd said. Why weren't we exchanging contracts?
We upped a gear. We sacked our agents. We knocked some money we could ill afford off the price and started all over again. Nothing. We don't understand why. We're asking a fair price for a property in good condition. Taste, of course, is highly personal but as far as we can tell everything is in good order; we don't have ghastly swirly carpets or a chocolate- brown bathroom suite.
What are we doing wrong? There are more hot house-selling tips around than you can shake a stick at. Some are eminently reasonable, such as making sure your entrance hall isn't knee-deep in old bike spares. Others seem frankly bonkers. "Make sure you have four pillows on your bed - plumped up of course," advises one guru. Eh? Here are some top tips, from a survey carried out by the Abbey National, tried and tested chez moi.
Banish stale smells
Get rid of the dog, and stop smoking. Also, stop cooking, especially curries.
In case of vitamin deficiency, you could raid the fruit display set out to entice buyers. Our house is fresher than it has ever been; it is like a mountain glade. No sale.
Clean the bathroom
Buyers don't like hairy plugholes or dirty toilet seats being left up.
This is hardly a surprise. Hairy persons must be encouraged to clean the shower after every use; men forced to leave the seat down. Our sanitaryware is immaculate (as always). Zero interest.
Keep the noise down
Buyers don't like traffic or noisy neighbours.
Short of cordoning off the street there doesn't seem much to be done about this. Our street is perfectly calm; in fact we're probably the noisiest in it. Offers? Nada.
No wildlife
Buyers don't like damp or cobwebs. Salmon leaping up the stairs and tarantulas in dark corners would be a turn-off.
We don't have either. Spiders and other wildlife are banned. Queue of buyers still not forming.
No mess in the kitchen
Buyers like a clean kitchen with no dirty crocks or washing.
See (1) - no cookingmeans no washing-up. When the laundry logjam gets too great you will rediscover clothes long hidden at the back of the drawer; alternatively you will spend a fortune on tumble-drying. Our crockery cupboards are immaculate and our wardrobes in disarray. To no avail.
Import nice smells
Buyers like seductive smells, like coffee and baking bread.
Sadly my day job won't permit me to nip home to bung a part-baked ciabatta in the oven. But I simply do not believe that anyone will come in and say "Mmm! Your house smells so great! Here's a quarter of a million pounds!" Admittedly, no odours. And also, no sale.
First impressions count
Buyers like the outside of a house to look neat.
Don't we all. If only London litter louts would co-operate with the house- selling public. But we do our best to keep the situation under control: gathering up crisp packets, old takeaway boxes and nameless bits of gunge (ugh) is second nature now. Our bin overfloweth. Our bank balance does not.
Tea or coffee?
Buyers like to be greeted with an offer of refreshment.
This is absolutely not true. Eighty per cent of them make up their minds within a minute of coming through the door, and there is nothing more pathetic yet annoying than being accosted by a vendor eagerly proffering tea/coffee/wine when you've already decided you wouldn't let your dog live in their hideous hovel. No hospitality at ours. And definitely no sale.
So, what now? Well we're still playing the waiting game. I feel as upset for my poor house as a mother does when her child is snubbed in the playground. "It just takes one person to fall in love with your property," point out our agents astutely. Yeah, right: we're yet to get to the first kiss.
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Hide Property Details
- 2 bedrooms
- 1 bathrooms
- Sleeps 4
- House
Description from the manager
Isle Be Back is a two bedroom, one bathroom home located in the East Beach portion of beautiful Oak Island, NC. The property features on queen, and two single beds. East Beach, which runs just over three miles from Southeast 58th Street west to Middleton Avenue is a popular stretch of Oak Island sand. Not quite as quiet or secluded as West Beach, its location closer to the island's shops and restaurants make it perfect for the vacationer looking for a blend of relaxation and convenience. East Beach is home to Oak Island's new Town Hall, its Recreation Center and its Ocean Education Center as well as Middleton Park and Oak Island's skate park....Read more
Isle Be Back Unit #2
Oak Island, North Carolina
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- Grill
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text:
The beach is a tranquil and restorative environment for yoga. I enjoy the sun on my face and the sound of the waves as I take my yoga practice to the sand.
Summer swim for dogs
When: Fridays all summer
Where: Various water locations in the Lowcountry — Bluffton, Hilton Head, Ridgeland, Okatie
Description: Want to teach your dog to swim, safely get out of a pool, enhance their swimming abilities, romp with other dogs in the...
Sun City residents celebrated the Fourth of July in their own backyard with the annual celebration at the pavilion.
The newly renovated Purrysburg Fitness Center is open with all new cardiovascular and weight equipment, new lockers, carpet and a fresh coat of paint.
Despite heat and humidity on the Fourth of July, hundreds gathered around the pavilion at Sun City Hilton Head to celebrate Independence Day.
Friends and families came with umbrellas and coolers.
The board of directors will hold its quarterly meeting at 1 p.m. July 18 in Magnolia Hall.
The meeting is open to the entire community. The agenda will be available on www.schhnews.com this week.
We left Pooler at 8 a.m. on June 7 on a big ole bus and got back 18 days later.
Almost three weeks on a tour of the National Parks of America.
In the spring of 1949,our history teacher at Savannah High School, Mr. Langford decided his students needed to go to our nation's capitol.
Ethel remembers that it was a trip arranged by Sims' Travel Agency and that Mr. and Mrs.
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text:
Lee Brice
Country singer and songwriter Lee Brice walks a path between traditional honky tonk sounds and contemporary rock & roll; as Brice puts it, his music sounds like what would happen if Hank Williams Jr. and John Mayer had a love child. Brice was born in Sumter, a small town in South Carolina, where he was raised on the gospel songs his family would sing in church. At the age of seven, Brice began learning the piano, and at ten he started writing his own songs, soaking up the influences of his father's… Show more
Created by Zvents
|Luke Bryan
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|That's My Kind of Night Tour - Luke Bryan with Lee Brice and Cole Swindell
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text:
Film: Not in front of the adults
Friday 16 January 1998
Let me start this piece by saying that I'm no prude. I can discuss sex without laughing and can argue for and against buggery without a smirk. More often than not, I'm "for". I also know London's Soho area like the back of my hand and have been to Bangkok twice. I need say no more about my maturity towards the subject. Surprising, then, that this fresh, unabridged, freedom on all things sexual seems to end when I'm at my parents' house. It's not that they're prudes either, it's just that we don't talk about it. We tread like rhinos over small children just to avoid the subject. They know I do it and I know they do it, so why discuss it? Religion, politics, the new bypass, work, Marks & Spencer's, crisps and football are all more popular subjects than sex in our house. That's the score.
Unfortunately, however, this leaves a huge barn door open for sex to enter our lives through many wild and varied directions. The grunting noises coming from the neighbours, magazines (particularly Loaded), drunk relatives saying stuff they shouldn't. And then, of course, there's telly. The bastard. The last time I was home was a good example. The folks wanted a video to watch that night. I knew I had to pick something safe, something that could mildly entertain but in no way shock. I got them Toy Story last time. Tom Hanks, toys, computer graphics. Winner.
This time, I went for The English Patient. Oscar winner, love story, action, good clothes, safe as a large marshmallow, I thought. An hour into it and we're still alright. A few Nazis, an unrecognisable third- degree burns victim, well spoken soldiers and that bloke off Auf Wiedersehen Pet. All clear.
Then... bang... hot sex rumpo-agogo... Ralph Fiennes and Kristin Scott-Thomas are at it like enraged oyster-gibbons. "Ooh... yeaahh... uhhh... uhhhh." Silence swept through our sitting room. "Uhh... yera... grrrr!!!" My mum has begun to look over the telly at the picture of me and my sister when we were at school. "Ummmm... uh... uh... uh... uh... uh!" My dad cleans his glasses. "Grrrrrr... ooh!" I attempt a dry cough which comes out more like the gurgle of a strangled rodent. The bottoms and breasts writhe about for what seems like hours. I reach for a newspaper and begin reading an article on the rise of car theft in Salford. Eventually, after maybe seven excruciating minutes, the rumpo is at an end. In our sitting room, there is an ungodly silence, as if a naked man had just run through the room.
None of us have said anything for the last five minutes. My dad eventually breaks the silence by claiming that Kristin Scott-Thomas looked a bit like my girlfriend. Amazing, since all he had to go on was Ms Thomas's arse bouncing up and down on the telly. I make a mental note to not bring my girlfriend here for a while.
This is in no way the only time that has happened. Off the top of my head, I can remember the dire thriller No Way Out with Kevin Costner and Sean Young. Costner had been a favourite of my mum's for a while. Then... oof! His arse was like a steam train pumping into the love depot of Sean Young's thighs. There's another film, I forget the name of, with Julie Andrews. A Blake Edwards' one. Could be like The Pink Panther, we thought. Not on your nelly. Andrews whips out her breasts halfway through, and my dad spills his coffee. Discerning Andrews' fans were probably not ready for this, and nor were my parents. The hills were most definitely alive, from what I saw.
A rule of thumb in these situations is to be wary of every actor in every film. British actors specifically. All of them are quite capable of smart haircuts and appearing in a fine film or TV drama involving Venice and big dresses.
Easy fodder for the parent, usually. But be warned. These same actors are not afraid of flopping the tackle out. Jeremy Irons is one. English Gent he may be, but if there's an arse and penis required for a specific scene he can't drop his keks quick enough. Helen Mirren needn't bother wearing pants, either. Jenny Agutter was another one. You're usually safe with Americans, though. They're more glaringly obvious than your Brits. More inclined to whip out the old Joanna and tinkle on someone's ivories.
You'd think the 9pm watershed would be a good guide, but it's not. Nature programmes cannot be overlooked. Monkeys, elephants, rodents, snakes, weevils, orangutans, mice, worms, geese and more rodents are all at it every five minutes under the dulcet tones of Attenborough. Sex is sex in our house. The silence is as strong if it's a rabbit as if it's Kevin Costner.
Mind you, maybe it's just me and my family that find this situation difficult. It could be that your family and everyone else's families are all "getting it on" in front of each other all the time. A huge bohemian one-for-all sex extravaganza going on in the sitting room after dinner. But, somehow, I doubt it. So what's the answer? Well, never go home to your parents is one. And if you do, beware the telly. Tread carefully in the video shop. Do not trust Jeremy Irons. And especially not Costner. As for me, I've already lined up the film for the next time I'm home. Last Tango In Paris. Me mum and dad love Brando. Cheers.
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text:
Just inOn sale
Clear price
- Cocktail
Rebecca Taylor
- Rebecca Taylor
- Rebecca Taylor Cap Sleeve Dress With Lace Inset And Nailheads$595 rebeccataylor.comA nailhead trim gives weightiness to this delicate lace and silk blend dress. Fitted bodice with lace back and a fluid skirt. Exposed back zip closure. Details & Fit: Hits above the knee. 36" inches from model high point shoulder. Model is a size 2. Imported. 100% silk. Lining: 100%polyester. Combo fabric: 70% cotton, 30% nylon. Dry clean only.
- REBECCA TAYLOR SHORT DAY DRESSES FLORAL LACE Black$595 matchesfashion.comRebecca Taylor's love of fabric experimentation is showcased beautifully in the design of this floral lace dress. A visible nude slip and intricate black overlay transform the simple silhouette making for a romantic combination. Wear yours with brightly coloured pumps for a cocktail look that really pops.
- Rebecca Taylor Mesh Inset Cloqué Fit & Flare Dress$525 nordstrom.comFree shipping & free returnsLight-catching dimension enriches a swingy stretch-woven dress cut with a mesh-veiled V-neckline. 36" length (size 2). Back zip closure. Lined. 82% polyester, 18% spandex with 100% silk. Dry clean. By Rebecca Taylor; imported. Individualist.
- Rebecca Taylor Sleeveless Embellished Illusion Cocktail Dress$777 $1,295 bergdorfgoodman.comIn a sea of blacks and reds, this Rebecca Taylor cocktail confection will stand out at your next event. The clean hue, illusion details, and hints of shimmer put predictable dresses to shame. Details Embellished netting over chiffon; satin skirt. Approx. 32"L from shoulder to hem, front and back. Round neckline with straight illusion. Sleeveless; wide shoulder coverage. Dropped, ruffled skirt. Back zip. Cotton; combo silk, combo; polyester skirt and underlay. Imported.
- Rebecca Taylor Women's Sleeveless Embellished Illusion Cocktail Dress - Porcelain (12)$777 $1,295 neimanmarcus.comRebecca TaylorSleeveless Embellished Illusion Cocktail DressDetailsEmbellished netting over chiffon; satin skirt.Approx. 32"L from shoulder to hem, front and back.Round neckline with straight illusion.Sleeveless; wide shoulder coverage.Dropped, ruffled skirt.Back zip.Cotton; combo silk, combo; polyester skirt and underlay.Imported.Shown styled with Manolo Blahnik Chaos Metallic Chain-Wrap Sandal in SilverDesigner About Rebecca Taylor:New Zealand native Rebecca Taylor launched her self-named line in the mid 1990s, and her modern, femme designs have won her fans the world over. From ruffled separates to flowing dresses and everything in between, the name Rebecca Taylor is synonymous with romantic looks that have the perfect amount of sweetness.


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Publisher gets six months in jail for book fraud caseBy Patrick McArdle
STAFF WRITER | April 12,2013BENNINGTON A Manchester man who was accused of defrauding at least 20 people of about $200,000 by promising to publish or promote their books was sentenced to serve six months in prison after pleading guilty earlier this week to 16 felonies and four misdemeanors.
Peter Campbell-Copp, 63, of Manchester, was given a five-to-20-year sentence Thursday by Judge Cortland Corsones but all of that time was suspended and Campbell-Copp was given a split sentence. Beginning Thursday, Campbell-Copp is to serve 12 months but the last six months of that time will be spent in home confinement.
Campbell-Copp was also ordered to make restitution to his victims, many of whom were in the Bennington criminal courtroom Thursday, and he will not be allowed to work in publishing.
On Monday, Campbell-Copp pleaded guilty to 15 felony counts of false pretenses, one felony count of theft of service, and four misdemeanor counts of issuing bad checks. His plea came one day before a jury would have been drawn for his trial which had been expected to last three weeks.
The accusations that Campbell-Copp had accepted as much as $8,500 from people across Vermont in return for a promise to publish and promote a book date back to 2006 but the first charges were filed against him in July 2011. New charges were added as recently as November.
Campbell-Copp addressed the court before he was sentenced. He said he had waited years for the opportunity because he wanted to apologize to his victims before but was forbidden by the court from communicating with them while the case was pending.
First, I would like to apologize for the agony that Ive caused so many people, so many people that I was working to serve. ... Today, I feel like Ive failed everybody. I feel like Ive failed my friends. I would like to apologize for the financial mistakes that Ive made, for the promises that I did not keep and for the trust that has been broken, he said.
Campbell-Copp said the charges against him had cost him his wife, his home and his job.
After two days of hearing from people who described their experiences with Campbell-Copp, the state asked Corsones to sentence Campbell-Copp to eight to 40 years. Bennington County Chief Deputy States Attorney Christina Rainville called his actions the worst Ponzi scheme I have seen in my career.
James Dingley, who represented Campbell-Copp, asked the judge to remember his client was almost 64, had no criminal record and would have less opportunity to repay his victims if he wasnt free to work.
After the sentencing, Howard Krieger of Burlington, who had illustrated a childrens book that his late mother, Harriet Krieger, had written, said he was not surprised by the sentence.
My feeling is, to expect restitution, monetary, from this guy is all but impossible, he said.
Krieger said because of Campbell-Copps age and the fact that he will now have 16 felonies on his record make it unlikely his family will be repaid.
After all is said and done, we feel good in that the system kind of worked, although it didnt work fairly, and hes prevented from doing this again, he said.
Peter Italia of Rutland called Campbell-Copp a predator during his testimony Thursday and asked the judge to impose some jail time.
Corsones said he considered Campbell-Copps age and record before deciding on a sentence. While Corsones said he didnt believe Campbell-Copp had run a Ponzi scheme or gotten rich from his crimes, he also dismissed the suggestion that it was a case of bad business judgment.
@rutlandherald.comMORE IN This Just InVermont author and activist Bill McKibben and fellow organizers of Sundays Peoples Climate... Full StoryVermonts official state bird, the hermit thrush, was selected in 1941 for its flute-like song. Full StoryPROCTOR Vermont State Police said they are investigating a suspected methamphetamine lab at 9... Full Story
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NASHVILLE -- The Nashville Predators have added forward Filip Forsberg to the active roster and he may make his NHL debut against the Detroit Red Wings on Sunday.
The Predators gave Forsberg No. 9 on Saturday.
Forsberg was acquired in the trade that sent Martin Erat to Washington.
The 18-year-old Forsberg was Washington's top draft selection in 2012 at No. 11 overall. He received the 2013 Golden Cage Award in Sweden as the top junior player after getting 33 points in 38 games this season.
He also helped Sweden win the 2012 World Junior Championships and was captain of the silver medal winners at the 2013 World Juniors.
TSN.ca previews what to expect out of the NHL's 30 teams as we count down to puck drop. Check daily for team previews and updates on each Canadian franchise leading up to Oct. 8.
Latest Preview: Anaheim Ducks


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2014 fuel flow meter approved by FIA
Gill Sensors have confirmed that they fuel flow meter has been homologated by the FIA and is approved to be run during the 2014 Formula One season, following a race against time to get it ready. Gill initially had trouble making sure they their ultrasonic fuel flow meter was accurate enough to be used in Formula One and WEC, and therefore to satisfy the FIA, ensuring they would be able to reliably enforce the fuel limit that is in the regulations for 2014 and beyond. 'Since the start of its development in 2011, the Fuel Flow Meter project has embraced the challenges of researching and developing an innovative technology aiming to provide the motorsport industry with real time data required...
Full Story »
Full Story »
8mo ago from F1Technical.net 0
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The number of people caught drink-driving could almost double once the new lower alcohol limit comes into force next year, official estimates show.
Transport officials calculate nearly 20,000 people will be caught by the lower drink-driving limit - earning the Government $5 million extra in fines. This is despite crash data showing those who will be caught by the law change are historically involved in less than 2 per cent of all accidents.
Transport Minister Gerry Brownlee announced earlier this month the Government would lower the drink-driving limit from 80mg per 100ml of blood to 50mg, and the breath limit from 400 micrograms per litre of breath to 250mcg/l.
Those caught between the lower limit and the existing one would not face criminal sanctions but instead be fined $200 and have 50 demerit points put on their licence.
Brownlee said at the time the change had the potential to save 3.4 lives a year and avoid 64 injury accidents.
But the report and its accompanying data that the Government based its decision on shows those in the 50-80mg/l range are by far the smallest group in terms of at-fault accidents.
While 53 crashes were attributed to this group, nine times as many - 440 - were by drivers with more than 80mg/l in their blood. Of those, the vast majority had alcohol levels of nearly three times the legal limit, the data shows.
A separate, larger study of 1042 at-fault crashes between 2008 and 2012 found just 19 (1.8 per cent) involved a driver in the 50-80mg/l range. Half of all drivers had less than 30mg/l in their blood, while 178 had alcohol levels of between double and triple the legal limit.
A report to Cabinet by the Ministry of Transport said only "modest" gains should be expected from lowering the drink-driving limit, and most of those gains will come from young men in urban areas.
Bigger gains could be made by targeting recidivist drunk drivers, who caused most of the accidents, through increased penalties and car seizures, the report said.
"While there is a case for lowering the BAC (blood alcohol concentration), the crash data in this paper shows that drivers who drive with a BAC level well in excess of the current adult BAC limit are responsible for a higher proportion of alcohol-related road deaths and serious injuries," the report said.
"Repeat drink-driving offenders also pose a problem on New Zealand roads. International research estimates a recidivist offender is 36 times more likely to be involved in an alcohol-related fatal crash."
Officials estimate 19,100 new offenders will be caught in the first year of the lower limit despite the Government saying the law will not hit those who drive after a couple of after-work drinks.
Reports to Cabinet also show the Government decided to remove the right to a blood test for drink-drivers who blow between 250mcg and 400mcg because of concerns drivers were using it to circumvent the law. Officials warned, however, that removing the right may be open to legal challenge.
Drivers refusing a breath test will still get a blood test - but if they fall between 50 and 80mg/l range their fine will be more than doubled to $500.
Auckland traffic lawyer Steve Cullen said targeting those in the 50-80 range was a "vote catcher" but was not likely to make a difference to the road toll.
"I would be very cynical about seeing any appreciable movement in the numbers of serious or fatal crashes. It's just going to catch Joe Public trying to get home."
Cullen said if the Government was serious it would target recidivist drink drivers and speedsters using speed limiters in cars and alcohol interlocks.
The MOT's report recommends the use of alcohol interlocks - devices that prevent drink-drivers from starting their vehicle - for repeat offenders, as well as a review of penalties for drink-driving.
The Government has said it would consider both recommendations next year.
- Sunday Star Times
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Jason Witten is a fan of Johnny Manziel, but believes the Cowboys are much better off with Tony Romo under center. Read »
Always an adept pass-catcher, tight end Gavin Escobar is working to become a better blocker this offseason. Read »
Like a lot of folks, Jason Witten doesn't think the Cowboys ran the ball enough in 2013. Read »
According to Jason Witten, the velocity of Tony Romo's passes hasn't suffered at all from offseason back surgery. Read »
Jason Witten believes many folks underestimate just how tough Tony Romo really is. Read »
Following three consecutive 8-8 seasons, Jason Witten says the Cowboys are going into 2014 with a lot to prove. Read »
According to Marcus Spears, Jerry Jones hosting Tony Romo and Jason Witten at the NCAA Basketball Championship Game on Monday night could send the wrong message. Read »
Cowboys tight end Jason Witten will man the pace car during NASCAR's Duck Commander 500 at Texas Motor Speedway on Sunday. Read »
March used to mean victorious trips to The White House for the Cowboys. These days it's merely visits to Moody Magic. Read »
Jason Witten doesn't foresee any major issues for Michael Sam coming into an NFL locker room, but thinks it'd be unrealistic not to think he'll face some challenges. Read »
Get the latest news about the 5-Time World Champion Dallas Cowboys


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Wednesday, 24 Aug 2011 10:18 AM
Meredith Whitney, the bank analyst who correctly predicted Citigroup Inc.'s dividend cut three years ago, said Bank of America Corp. has no urgent need to raise capital.
"I don't think that there's a mad dash to raise capital immediately," Whitney said today in a radio interview on "Bloomberg Surveillance" with Tom Keene and Ken Prewitt. "They're going to steadily raise capital over time."
Bank of America has lost more than half its value on the New York Stock Exchange this year as investors speculated the bank will have to access the public markets for capital. Chief Executive Officer Brian T. Moynihan, 51, has said repeatedly that the company won't need to issue shares to comply with new international capital standards and to settle claims surrounding defective mortgages. Bank of America has sold more than 20 assets or units since Moynihan took over last year.
Moynihan is "the right guy for the job," said Whitney, 41, who started New York-based Meredith Whitney Advisory Group LLC in 2009. Bank of America, based in Charlotte, North Carolina, probably won't need to raise capital in the public markets, and shareholders should "hold on," Whitney said.
Bank of America rose 3.3 percent to $6.51 on the New York Stock Exchange at 9:34 a.m., the biggest gain on the 24-company KBW Bank Index.
Moynihan agreed to sell the bank's Canadian card unit, with $8.6 billion in loan balances, and plans to leave the U.K. and Irish card markets, Bank of America said this month. The bank has been forced to write down credit-card and mortgage units acquired by Moynihan's predecessor, Kenneth D. Lewis.
'Crown Jewels'
"They're biting into the marrow of the institution to raise capital," Whitney said. "They're selling some crown jewels."
Richard Bove, an analyst with Rochdale Securities, said yesterday that Bank of America has sufficient capital. The company has "so much cash on its balance sheet that it could pay back all of its short-term debt and a big chunk of its long- term debt," he said.
Henry Blodget, the former Internet stock analyst turned blogger, wrote yesterday on Business Insider that charges and loan costs may force the bank to raise as much as $200 billion. Bank of America said Blodget, who was banned for life from the securities industry after regulatory inquiries into how analysts touted stocks during the Internet boom, made "exaggerated and unwarranted claims."
Bank of America is going to focus on cutting expenses to manage through a "protracted economic recovery," Moynihan told investors this month. The economy grew at a 1.3 percent annual pace in the second quarter.
Moynihan plans to "continue to clean up the mortgage issues" stemming from the 2008 takeover of Countrywide Financial Corp. and "get our operating costs down across the board," he said this month.
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