Sinclare (SNCG) / cyberlinx Message Board

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Microcap & Penny Stocks : Sinclare (SNCG) / cyberlinx

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To: Willsgarden who wrote (2119)	5/10/1997 2:45:00 AM
From: Dee Jay	of 2696

>>>I think that sncg has never been a fully reporting, fully listed nasdaq company and a ssuch is not obligated to file or report.<<< Right you are, Bill - I just found out that was the case by reading up on another company which had as its MO the following: "Although (****) said it was expanding through mergers and acquisitions, state regulators and law-enforcement officials now contend that the firm was acquiring questionable assets then using the Internet and news releases to exaggerate the company's size, which may have helped inflate its stock price. That kind of stock manipulation may have allowed insiders to sell shares at a profit in what has come to be known as the "pump and dump" strategy." For the complete story on this technique and the outfit in question fllow this link to a story in today's New York Times: nytimes.com notice any similarities??? Dee Jay

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