JAWS;A P/E of 2 with 150%/yr Erngs Growth!! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PistolPete who wrote (4121)	7/29/1999 1:29:00 PM
From: PistolPete	Read Replies (2) of 4230

Here is the WSJ article. This appears on Page A 10 of the Thursday, July 29 edition (eastern region from what I hear) "FORT WORTH, Texas - The Securities and Exchange Commission sued a Waco, Texas boat company and its chief executive, alleging they sold unregistered shares and disseminated false information. The SEC's Fort Worth office said Great White Marine & Recreation Inc.'s chairman and chief executive, A. Colin SMith, sold unregistered securities that the SEC alleged he did or should have known would be sold on the market. Shares of Great White sell over the counter. According to the suit, filed in Waco federal court, Mr. Smith raised $10.8 million by distributing unregistered securities, then converted $3.5 million of that sum to his own uses and used at least $1 million to make a dividend payment. The SEC also alleged Great White didn't have sales records to back its financial results and said a filing made with the SEC was "rife with falsehoods and misrepresentations". The SEC asked the court to freeze Great White's assets and appoint a receiver, plus levy civil penalties. Mr. Smith didn't return a call to Great White seeking comment. Great White's name has surfaced in previous SEC actions. Last year, the SEC sued Internet promoters in a Waco federal court, alleging they received Great White shares in return for touting the company's stock without telling investors. The SEC didn't sue Great White then." "

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next