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Gold/Mining/Energy : Golden Raven Resources Ltd (GVN)

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To: stan hurton who wrote (2499)8/9/1997 8:56:00 AM
From: Eric Au   of 3155
 
Stan. below is part of an article from Globe and Mail that you might be interested. The Internet is also full of investment tips even though, in general, only registered brokers can offer advice on buying or selling shares. One active adviser is Frank Keszthelyi of Toronto, who runs the Penny Stock Guru, an investment service for members who make one-time "donations" of up to $150 (Canadian). Mr. Keszthelyi declined to be interviewed for this story, but according to information he provided on the Net, he has been a broker for 11 years. Last September, the Penny Stock Guru used a chat group to tout shares in Chandeleur Bay Production Co. Ltd., a Vancouver-based energy company that was trading on the VSE at about 35 cents a share at the time. "Buy as much as you can," he said in a posting on Sept. 30. "Among buyers is a group out of Hong Kong worth œ30-billion [$64-billion Canadian] and the owner of the largest private bank in Switzerland." On Oct. 1, he said that Chandeleur had "a very powerful promoter with international contacts . . . He just took three stocks from pennies to over $3 in the last three months. This is a stock you'll be telling your grandkids about." Trading in Chandeleur's shares took off and the stock price, at 33 cents on Sept. 10, hit 79 cents Sept. 27. However, by Oct. 9, the hype died down and the shares fell to 40 cents. The company's stock was later temporarily suspended after the VSE discovered problems in trading by company officials. Chandeleur currently trades around 35 cents.
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