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Microcap & Penny Stocks : USWE - US Wireless Data (formerly USWDA)

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To: Rob S. who wrote (133)11/10/1997 12:35:00 AM
From: Eric Hathaway  Read Replies (2) of 370
 
Rob and all,
I've lurked a bit here, and recently saw this:

stockdetective.com

"U.S. Data and Wireless - OTCBB: USWDA - Another perennial underperformer and Nasdaq reject, USWDA just hired a well-known stock promoter to tell the world that sunny days are just around the corner. According to recent SEC filings, promoter John Liviakis and others stand to receive over 5 million shares of USWDA stock - more than 100% of the company's current outstanding common shares - and now worth over $30 million. Shares were issued to Liviakis, et. al. for investor relations services and for an investment of $500,000, or about 10 cents per share! That's not bad work if you can get it. About the same time the Liviakis deal was inked, shares of bedraggled USWDA exploded from 1/8 to 8 3/4 even as the company was vacating its headquarters building due to foreclosure."

Old news?

Eric
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