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Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII)
CIO 6.920+0.1%Nov 11 3:59 PM EST
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To: chirodoc who wrote (4778)7/2/2000 7:43:20 PM
From: Pluvia  Read Replies (4) of 6039
 
OUR RESEARCH - JOHNSTON’S UNDISCLOSED PAST

Dave Johnston (COII CEO), along with Larry Stockett were officers of Grace Communications. Johnston served as the company President. While attempting to raise money from investors, they predicted annual revenues of $500 million by 1991. By 1987 the company had filed Bankruptcy, as noted in this Business Journal of Portland article: Message 13938445

Johnston’s partner in Grace Communications - Larry Stockett has had numerous securities related problems in his past involving securities fraud, as noted here in this article; Message 13938418

And here in a SEC Administrative Proceeding which said:
sec.gov

“There are elements of scheming and deception in Mr. Stockett's conduct in this case that cast serious doubt on his ability ever to operate in the securities industry in an honest and forthright manner. His intent, demonstrated in the various business dealings described in the record, was to eventually gain control of the Hudson Fund and use it to manipulate stock prices in companies in which he and his partners held an interest…” “There is a substantial likelihood that Mr. Stockett will commit future violations of the securities laws. The Division requests that Mr. Stockett be barred from association with any broker, dealer, municipal securities dealer, investment adviser, and investment company. This is commonly referred to as an industry-wide bar or "collateral bar."”
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