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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: TideGlider who wrote (4874)1/6/2000 11:52:00 PM
From: Q.  Read Replies (1) of 7056
 
TideGlider, re. your OT post on Teletek:

I was actually one of the victims of the Teletek fraud.

One day I read that a grand jury in Las Vegas had indicted these guys for stock fraud. I had been so trusting. That was how I learned that stock fraud is real, and that it can happen to anybody who buys little stocks, even those listed on the Nasdaq Small Cap exchange, as Teletek was at the time.

There were plenty of red flags with Teletek, but I was just too ignorant to see them. They included the following: it was a Las Vegas company, the filings did not clearly indicate who was really running the company or what their background was, it had a spectacular stock price runup over the course of a year, it had a highly active online bulletin board, and Steve Pluvia was posting critical comments about it.
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