CAFE pump & dump
bigcharts.marketwatch.com
yahoo.reuters.com
UPDATE 2-Host America shares suspended after run up, sales
Fri Jul 22, 2005 01:16 PM ET
(Adds share sale details, background)
NEW YORK, July 22 (Reuters) - The U.S. Securities and Exchange Commission on Friday temporarily suspended trading in Host America Corp. (CAFE.O: Quote, Profile, Research) shares over concerns a company statement about a deal with Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) may have been misleading.
Host America's shares rose dramatically after the release, going from a close of $3.09 on July 11, the day before the release was issued, to an all-time high of $16.88 on Tuesday, July 19.
During that time, three major shareholders in the company began to cash in, including Host's second-largest shareholder, who sold off the majority of his stake. |
