Re: Possible Proof RTIN Paid for a Buy Recommendation
OK, draw your own conclusion.
Here's the press release:
Restaurant Teams International, Inc. Receives Buy Recommendation From International Market Call, Inc. Analyst Stuart Bockler
PR Newswire - December 14, 1998 09:51
<snip>
The report can be viewed at imcadvisors.com under success stories imcadvisors.com.
go2net.newsalert.com
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Click on the story itself and we find way down at the bottom of the glowing report:
The information contained herein is based on sources we believe to be reliable, but its accuracy is not guaranteed. International Market Advisors, Inc. and or International Market Call Inc., or its affiliated companies and/or their Officers, Directors, Employees or Shareholders may at times have a position, including an arbitrage or option position, in the securities described herein and may sell or buy them for customers. These companies may from time to time act as a consultant to a company being reported upon.
Hence, my comment: "most probably paid in stock in return for the coverage." After all, these guys don't do this stuff for free!
I should point out that this statement under new SEC disclosure guidelines does not go far enough. You as a shareholder have a right to know if indeed stock or cash was used to pay for this report and, if so, exactly how much. If the very idea bothers you, I suggest you call and ask.
Good luck and let me know what you find out!
- Jeff
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