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Microcap & Penny Stocks : GIFS

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To: Hawkmoon who wrote (7008)8/21/1997 3:05:00 PM
From: Kevin Lichtman   of 8012
 
Dear Ron:

How are you? No apologies necessary. I am longer in the employ of a stock promotor. Instead, I publish "real" financial web sites including The SmallCap Investor (http://www.smallcapinvestor.com) and Stock Detective (http://www.stockdetective.com).

For the record I was not involved in GIFS. I am, however, familiar with this debacle through its coverage in the "Waaco Kid". Regarding BCHPE, my former employer Continental Capital did, indeed, promote this company. Suffice to say, I was, as the rest of you, gullible enough to believe what this company was reporting.

My web sites are dedicated to investor education and we do not take money from anyone to write about a company. In Stock Detective we draw from mine and my colleagues experiences with stock promotions and schemes and have even written an article recently entitled "Stock Detective Guide to Pseudo-Research and Phony Financial Reports" (http://www.stockdetective.com/phony.html). We've include a list of 30 or so publishers who get paid to promote stocks.

Regarding BCHPE, here's an interesting tidbit... If you visit Continental's web site (www.insidewallstreet.com) you will see that they are currently promoting a company called All American Food Group (AAGF). The president of AAFG's former job was - you guessed it - chairman of BCHPE!

Yes, we do live and learn!
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