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Microcap & Penny Stocks : IDCN - gold, garnet, etc.
IDCN 0.000010000.0%Mar 6 3:00 PM EST

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To: Tom Frederick who wrote (5850)10/27/1999 6:44:00 PM
From: JimNewby  Read Replies (2) of 5908
 
Sorry that I'm a little late in answering your post: "This issue has come up already in the last year from companies much bigger than IDCN. There was a WSJ article about it, just can't remember what company it was, but the same issue came up regarding internet chat rooms and boards like RB and SI."

If my memory serves me right, it was Labor Ready LRW (traded under LBOR at the time). Posters said the company was under investigation for "Accounting Irregularities." It was not true; a conference call with a member of their accounting firm contested the posters remarks and set out to identify and prosicute the posters. The stock price fell over 50% in one day and took months to recover. I have no follow-up; don't know if they found them or prosecuted.

Jim
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