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Microcap & Penny Stocks : Saliva Diagnostics (SALV)

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To: rl who wrote (3333)3/5/2000 11:44:00 AM
From: John Lacelle  Read Replies (1) of 3369
 
rl,

You should see the movie "Boiler Room". It was a very
good portrayal of how these stocks are sold. For all
practical purposes, most stocks on the "pink sheets" or
sold OTC from the BBs are sold as "chop", meaning that
they are given to these slimy boiler room brokerages
at hugh discounts which the outfits sell for the "rip",
or commission. Some of these stocks scams are becoming
sophisticated in their approach. I have seen just amazing
web sites, technology claims, and stuff for these new scam
artists. I still remember the BRE-X fiasco. It was just
another failed gold mine in Borneo until someone "salted"
or put gold in the core samples. Suddenly it was a gold
mine with an estimated 10 billion dollars in gold down
the shaft. By the time the scam was detected, billions
of dollars had changed hands, people had been bumped off,
even the Government of Indonesia had become destabalized
as a result of this scam. It was just as Mark Twain once
wrote "A gold mine is nothing more than a hole in the
ground with a liar standing next to it..."

-John
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