A GENI in the boiler room:
Go to insidewallstreet.com
A company calling itself Madison and Wall is what you will find when you go to the insidewallstreet link. GENI is listed on their client list page. Madison and Wall provides "investor relations" and stock promotion services among them being boiler room type tactics or as they put it "relational telemarketing":
"Market Access Program -
Traditional investor relations services with a contemporary twist. By utilizing a more pro-active approach to reaching and educating the investment community, Madison & Wall is able to leverage its resources to generate quantifiable results from the market utilizing relational telemarketing, strategic road shows and sophisticated marketing and technological tools"
and of course the use of internet email:
"Moreover, in association with sister companies E-Street Technologies, Inc. and Advantage List & Marketing Corporation, M&W has direct access to over 30 million qualified online investors for use in our aggressive email "outreach" programs, which range from highly intensive, short-term marketing blitzes to long-term, methodical market saturation."
This is where things get interesting:
Here is the mailing address for Madison and Wall:
Madison & Wall Worldwide, Inc.
195 Wekiva Springs Road, Ste 125
Longwood, FL 32779
407-682-2001 (FAX) 407-682-2544
Guess what? This is also the address and telephone number for Continental Capital! If you look at who owns the domain name insidewallstreet you'll find out that Continental Capital does!
Madison and WAll and Continental Capital are one and the same. GENI is being promoted by Continental Capital. The same people who did the Creative Host Services Promotion(CHST).
Continental Capital has been involved in shady stock manipulation schemes in the past. Last September, John Manion, the owner of Continental Capital was sentenced to a 15 month prison sentence and a $100,000 fine for pumping the stock of Legend Sports, Inc., and not disclosing to readers of his email alerts that he owned shares of the company. My guess is that is why Manion is using the name Madison and Wall instead of Continental Capital.
For its promotion efforts Continental Capital recieved:
"forty-five thousand dollars cash, payable in monthly payments of fifteen thousand dollars with the first payment of fifteen thousand dollars due immediately upon execution of this agreement and subsequent monthly payments due on or before May 1, 2001 and June 1, 2001. In addition, the Publisher is entitled to receive an option or warrant to purchase up to fifty thousand common shares of the Company's common stock currently held by the Advisor, and exercisable as follows: ten thousand shares at twenty-three dollars per share, ten thousand shares at twenty-four dollars per share, ten thousand shares at twenty-five dollars per share, ten thousand shares at twenty-six dollars per share; and ten thousand shares at twenty-seven dollars per share." |
