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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: TokyoMex who wrote (78030)7/12/1999 10:42:00 AM
From: StockDung  Read Replies (3) of 119973
 
TRUTHSEEKER BEGINS RESEARCH ON GCDV. A full report will follow in the coming days. Here is a sample.

sec.gov.

The stocks allegedly promoted by the three men at Meyers Pollock were considerably more substantial than the shell companies that were foisted on investors in the penny-stock era. Aside from Multi-Media Tutorial and Aquagenix, there were NuMed Home Health Care Inc., an Ohio-based home-care company, and American Resources International of Delaware, an energy exploration company. Others included Protosource Corp. and Grace Development, which is headed by Ruge. (In November, 1996, Ruge was arrested in an FBI sting, accused of attempting to bribe an undercover agent who was posing as a stockbroker. Bachner says Ruge is vigorously contesting the charges.) Officials of Aquagenix, NuMed, and Protosource denied knowledge of the promotion of their stock at Meyers Pollock, while officials of the other companies could not be reached.

Interesting Business Week article about "chop stocks" and the mob in penny stocks. Old story, but still applies.

businessweek.com

Truthseeker
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