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Microcap & Penny Stocks : IDCN - gold, garnet, etc.
IDCN 0.000010000.0%Mar 6 3:00 PM EST

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To: JimNewby who wrote (5856)10/31/1999 1:57:00 AM
From: Khris Vogel  Read Replies (1) of 5908
 
If my memory serves me right, it was Labor Ready LRW (traded under LBOR at the time). Posters said the company was under investigation for "Accounting Irregularities." It was not true; a conference call with a member of their accounting firm contested the posters remarks and set out to identify and prosicute the posters. The stock price fell over 50% in one day and took months to recover. I have no follow-up; don't know if they found them or prosecuted.

It wasn't LRW. While your comments about the rumors being just that are right, the co. never did pursue legal action against those who spread the manure.

I think the co. who went after the posters was ITEX or something like that.
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