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Microcap & Penny Stocks : Emerging Company Report TV Program
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To: dbmedia who wrote (342)8/13/2001 8:34:36 PM
From: StockDung   of 526
 
"Baillargeon used Alliance's internet web site to make materially false representations about businesses in which various Alliance subsidiaries were supposedly engaged, including the cultivation and sale of fast-growing "paulownia" hardwood trees, the breeding and selling of live goats and goat carcasses, and the development of a nationwide chain of chiropractic clinics. The complaint alleges that, contrary to the representations, Alliance owned no paulownia tree technology or plantations, did not own or operate a goat business, and was not developing a chain of chiropractic clinics. Nonetheless, according to the complaint, Norman and Baillargeon projected that Alliance's various businesses would generate $4.8 billion over a projected ten-year period, and that the paulownia tree business alone would bring Alliance more than $l billion in annual revenue by 2006"

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