Stock Hyping on the Internet...
Here is a case study for SMLX - a stock that was 1/32 earlier this year and is now $2.00. Why? A slick campaign or true investment potential? You make the call....
1. First - Where the Stock is promoted: insidetrack.com
Look under Hot Stocks Catagory. Simplex Medical
2. Lets check the SEC filing edgar-online.com
This an excerpt from a13d filing . It details share ownership in a public company. Note that all these guys got many of the shares for under .04 which is quite a deal IMHO.
REPORTING SHARES
DATE PERSON ACQUIRED(SOLD)(1) PRICE PER SHARE
-----------------------------------------------------------------------
February 21, 1997 Stuart Taft 450,000 $.03125
----------------------------------------------------------------------
February 21, 1997 Joel Marcus 250,000 $.03125
----------------------------------------------------------------------
February 21, 1997 Larry Marcus 250,000 $.03125
----------------------------------------------------------------------
February 21, 1997 Jason Taft 100,000 $.03125
----------------------------------------------------------------------
February 21, 1997 Roger Taft 150,000 $.03125
----------------------------------------------------------------------
February 28, 1997 Roger Taft 38,000 $ .26
----------------------------------------------------------------------
February 28, 1997 Roger Taft 30,000 $ .28
----------------------------------------------------------------------
February 28, 1997 Roger Taft 103,000 $ .225
----------------------------------------------------------------------
February 28, 1997 Roger Taft 30,000 $ .28
----------------------------------------------------------------------
March 3, 1997 Stuart Taft 27,500 (sold) $ 2.00
----------------------------------------------------------------------
March 3, 1997 Stuart Taft 6,000(2) N/A(2)
----------------------------------------------------------------------
March 3, 1997 Roger Taft 25,000(3) $ 2.00
----------------------------------------------------------------------
March 3, 1997 Roger Taft 1,500(2) N/A(2)
---------------------------------------------------------------------
3. Next we Check out who oens the Site hyping the stock:
NAME RESULT
Here is the raw whois output for INSIDETRACK.COM:
R & S Partners (INSIDETRACK-DOM)
28870 US 19 N.
Clearwater, FL 34621
US
Domain Name: INSIDETRACK.COM
Administrative Contact:
Taft, Stuart (ST413) seeman@ALLWORLD.COM
813 669-0688
Technical Contact, Zone Contact:
Seeman, John (JS706) seeman@ALLWORLD.COM
813 988-7772
Billing Contact:
Seeman, John (JS706) seeman@ALLWORLD.COM
813 988-7772
Record last updated on 16-Jan-96.
Record created on 16-Jan-96.
Database last updated on 14-Sep-97 04:52:58 EDT.
Domain servers in listed order:
NS.ALLWORLD.COM 163.125.35.2
NS2.ALLWORLD.COM 163.125.35.4
InterNIC Registration Services Host contains ONLY Internet Information
(Networks, ASN's, Domains, and POC's).
Please use the whois server at nic.ddn.mil for MILNET Information.
4. SO stuart Taft owns the hyping site and 450,000 shares he bought at less then a nickle. Think he is selling whenever the volume allows him to sell? Ok next submit a Search on Simplex on the SI boards. siliconinvestor.com
Check messages for those by a Taft... Taft started the board and I traded a post with him. I wrote him an e-mail off line and confronted him with what I found in the SEC filings and he never returned.
5. Read the disclaimer on the www.insidetrack.com and you will see that they could have a position in the stock. That is new.
I don't know but these folks are real close to the line. They could end up in trouble if the right people took a look.... Take a company - get in on the cheap - print money on Nasdaq by using PR newswire and some claims....NASDAQ are you listening? Typical Boca stuff...
Jim McCormack
|
