Willywizard, just a reminder so that you can't say you did not know.
"Also, many promotions do not disclose the source of compensation. Enforcement
officials at the Securities and Exchange Commission have told FinancialWire it
is not enough for a company to disclose a "third party payment," but that the
disclosure must include the precise source of the payment as well as the
relationship of the the third party to the issuer, if any."
(COMTEX) B: Six Companies Promoted by Emails Monday
B: Six Companies Promoted by Emails Monday
Apr 22, 2003 (financialwire.net via COMTEX) -- (FinancialWire / Promotion
Report) World Golf League, Inc. (OTCBB: WGFL), TDS TeleMedecine Limited (OTCBB:
TDST), Airtrax,Inc. (OTCBB: AITX), Cal-Bay International Inc. (OTCBB: CBYI),
Integrated Services Group (OTC: ISVG), and Central Wireless, Inc. (OTCBB:CWIR)
were among microcap issues featured in promotional e-mails Monday, according to
The Promotion Report Newsletter.
Complete information regarding the details behind these promotions can be found
by visiting the Investrend "Investor Resource Center" at
investrendinformation.com and penny-stock-promotions.com
The Promotion Report Newsletter is a subscriber-driven service and accepts no
compensation from any companies. The companies featured in the report are not
necessarily directly involved with any stock promotion activity. It is not at
all uncommon for large shareholders or third parties to promote a company's
stock without the company's knowledge or permission. No correlation is implied
or should be inferred between any entity described in the report and volume or
price activity on any stock.
The U.S. Securities and Exchange Commission cautions investors about stock
promotions on the Internet: "A company's web site may feature a glowing press
release about its financial health or some new product or innovation.
Newsletters that purport to offer unbiased recommendations may suddenly tout the
company as the latest 'hot' stock.
"Unwitting investors then purchase the stock in droves, creating high demand and
pumping up the price. But when the fraudsters behind the scheme sell their
shares at the peak and stop hyping the stock, the price plummets, and investors
lose their money. Fraudsters frequently use this ploy with small, thinly traded
companies because it's easier to manipulate a stock when there's little or no
information available about the company. To steer clear of potential scams,
always investigate before you invest!" the SEC concludes.
Also, many promotions do not disclose the source of compensation. Enforcement
officials at the Securities and Exchange Commission have told FinancialWire it
is not enough for a company to disclose a "third party payment," but that the
disclosure must include the precise source of the payment as well as the
relationship of the the third party to the issuer, if any.
Individuals may report perceived violations resulting in perceived manipulation
of price or volume at sec.gov also found
at the Investrend “Investor Resource Center."
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