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Microcap & Penny Stocks : CDCH Cerro Dorado Inc.

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To: SwampDogg who wrote (795)9/10/1999 6:54:00 PM
From: LolaRead Replies (1) of 958
 
Do you remember a guy named George Chelekis who used to charge a fee for his newsletter (and it was a very good one too) but he also was paid by the companies to write about them? He ended up coughing up well over $1M for losses that his subscribers suffered. He was also forbidden from circulating his newsletter in Canada after that. I actually made alot of money off his picks . . . I guess I was just lucky . . . and fast!

Another newsletter writer I know of paid over $1M in fines and served a 4 year jail sentence for doing a similar thing.

Alot of what people are doing on the web and calling "research" is just criminal activity that the law hasn't decided how to handle yet.

Alot of what I've seen even from these celebrity type stock pickers and stock short sellers makes me wonder if most of them are not under investigation as well. Internet laws are still just ideas in the minds of regulators. I wouldn't want to take any chances and mislead anyone with regard to these "investments" for fear of criminal prosecution.

Just my opinion.

Lola:)
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