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Gold/Mining/Energy : Cross Lake Minerals CRN

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To: Surething who wrote (1021)12/31/1997 7:49:00 AM
From: Mr Metals  Read Replies (1) of 3650
 
<<<OFF TOPIC>>>

VSE penny stock promotion to millions
of Americans:
"It typically works like this. First, insiders buy
up a so-called 'shell' - let's call it PrimeTime
Mining - a dormant resource company
available for pennies a share. Then they
change the name, and announce a new
venture, something like - and these are real
examples - a collection of obscure Mideast
stamps, or a Hungarian herpes ointment. Next,
the insiders hype the business. Promoters send
out press releases and videos, hold parties, and
the owners buys and sell shares - anything to
make the company look hot. If the hype
works, the public starts to buy in and the stock
takes off, and that's when the insiders begin
getting out, unloading their shares and taking
huge profits. Then the hype ends, the
company's prospects evaporate, and the stock
plummets back to pennies a share, ready to
start the game all over again."


Mr Metals
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