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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar)
VNE 36.950.0%Apr 1 5:00 PM EST

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To: donkeyman who wrote (565)2/2/1999 10:33:00 PM
From: Ian@SI   of 974
 
D,

How difficult to you think it is to "paint the tape" with a penny stock on the ASE?

If manipulators can successfully do it for S&P 500 stocks, and regulated brokers get caught playing that game on the Canadian exchanges, what makes you believe there's any significance whatsoever to the closing price?

Take a look at a 5 day chart.

quote.yahoo.com

It's less obvious that the market might think that this stock is going any higher than it's been; or that any "big boy" has any faith in VNE.

That's the problem with this stock. Most seem eager to fall for the story hook, line and sinker. None are concerned that there is no trusted source of fundamental information whatsoever available. ... and the untrusted source coming direct from the company indicates that the company is bankrupt.

Is there any evidence that the company has any full time employees anywhere other than Mr Lucatch<sp?>? Is there any evidence that they have any assets, products or services with any value?

The only evidence I've seen is that Agora has been paid, probably in Stock, to promote the company; and is being very careful with respect to making any out and out fraudulent statements.

In any case, it's your money and you who's taking the chance.

Enjoy it, whatever happens.
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