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You guys may want to contact International Market Advisors, Inc.
imcadvisors.com
You'll notice that somebody calling himself "Steven Fruman" opened an account with Silicon Investor on January 19th, 1999, and immediately started two threads for GDIS
Member 7286368
Subject 25083
Subject 25081
which include not only an amusing opening;
I have recently started to follow this company...
but the following statement:
...Coverage has begun by International Market Advisors, Inc. and we have issued a current Buy recommendation of $7.00 - $9.00 with a six month target $12.00 - $16.00. We will keep you informed of future developments.
Although the thread headers don't mention it, their website has a blurb on GDIS dated May 7, 1999, that says that International Market Advisors just might be paid to tout the stock;
...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. Copyright(c) May 1999 all rights reserved.
imcadvisors.com
...and finally, here is the text of the applicable law, which it appears International Market Advisors failed to read:
It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
law.uc.edu
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I also enjoyed the home page with the note about the celebrated annalist (sic).
Good luck.
TLC |
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