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Microcap & Penny Stocks : FutureTrak International, symbol FTRK
FTRK 0.480+1.1%Nov 12 3:59 PM EST

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To: trader who wrote (28)12/22/1997 7:53:00 PM
From: David  Read Replies (2) of 663
 
Gosh, I guess it's the season for fairy tales.

This stock, now according to two sources (trader and SirAlexx), was placed privately for $1 and opened publicly for over $2. A nice deal for anyone who got it privately and has since been selling it.

Since it began trading, the buy and sell prices have never crossed. That isn't the sign of short selling -- it's the sign of a private holder who got the stock at $1 selling it out of inventory at above $2.50 to whomever they can find. No public buyer has made a profit on this stock, but I guess it's done "nicely" for its promoters.

Did you know that it's estimated that over half of all bulletin board stocks are considered scams? And what was the name of that "brokerage" house that released what looks like a crudely rewritten press release?
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