I believe MNOC is a SCAM.
I have not been able to confirm with US West that they have any dealings with MNOC, contrary to the claims in MNOC's recent press release. US West has not put out any press releases confirming what MNOC says.
If you read MNOC's press release carefully, you will see that they never actually say they have a deal with US West. MNOC could just mail out an unsolicited offer to US West, or ANY well-known company, and produce such a press release.
When James N. Rodgers and Austin were with their previous P&D - Crys-Tel - CYSS - CYSS put out another very suspicious PR claiming a $1,000,000 purchase of equipment from Nokia. A Nokia VP told me in a phone call that the purchase "did not happen".
MNOC is using the same old fake press release trick to try to pump up their stock.
BUYER BEWARE!
Part of the PR:
Mentor On Call, Inc. Structures Financing With U.S. West and Others
LOS ANGELES, Mar 22, 2000 (BUSINESS WIRE) -- Mentor On Call, Inc. (OTCBB:MNOC)
has issued to U.S. West (NYSE:USW) a Warrant To Purchase Common Stock dated
March 7, 2000.
U.S. West has been granted a warrant to purchase up to 691,115 shares of common
stock of Mentor On Call, Inc. at an exercise price of $2.00 per Warrant Share,
void after March 7, 2005.
U.S. West has also been granted the right to purchase up to five percent (5%) of
the equity securities sold in the Next Financing Round of Mentor On Call, Inc.
in a private placement of at least $1,000,000.00.
The warrant is subject to exercise of a further Commercial Agreement between
Mentor On Call, Inc. and U.S. West.
.... |
