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Gold/Mining/Energy : Montello Resources
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To: ddl who wrote (2161)5/21/1998 4:10:00 PM
From: RBMac   of 4256
 
A company that made high tech magnets. Apparently, they were a front for or were involved with the Russian Mafia. Sat's G&M and Fin Post have articles on it. I think Wed's FP has another article.

They are under investigation right now.

Funny thing is that they were featured in a penny stock newsletter that I used to suscribe to. They ended up doing well for awhile. Makes one think about the validity of company's annual reports (sales etc). Maybe they did actual make the magnets and sell them even though they were perhaps up to other things. Beats me, I only know what I read in the papers....Yikes......
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