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Microcap & Penny Stocks : PINC - Planet City -- Software and Services

PINC 28.15

0.0%

Nov 7 9:30 AM EST

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To: TideGlider who wrote (1530)	8/13/1999 11:54:00 PM
From: Hogger	Read Replies (1) of 1754

TideGlider, you're placing too much emphasis on the role Greg may or may not have played. I have little doubt that he indeed was at least a catalyst in this chain reaction, but this is all too reminiscient of happenings in WDC under Clinton (and most other presidents, as well). If there is to be a lynching, and the lynchee is Greg, I have no doubt whatsoever that he is the scapegoat. People in his position are in no position to pass out 300K parcels of restricted stock. Subway got 150K shares of free trading stock and they have admitted that it came through a third party to them. The third party received an amount equal to twice that which they received. I have spoken to both brokerage and legal level folks about this, and it is indeed probably a legal manner of doing this type of hype job - uh, pardon me .. of increasing the market cap of a company by increasing the value of their shares. The Prexy at subway has stated that he has only sold 6K (I think that is correct) so it wouldn't have been him. It would indeed be reassuring to have Terry or someone else address this, and also provide us with financials (even if still evolving) and something more solid than a mass advertising campaign. As for the veracity of the use of a THIRD PARTY to buy a PINC pump, it is beyond doubt. I have personally seen e-mail between a friend and the President of subway. PINC did indeed pay for the promotion by going through a THIRD PARTY. Like so many other, I'd like to know if that THIRD PARTY is another FBN'er. Hogger - Adm(Hon)

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