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Microcap & Penny Stocks : International Automated Systems

IAUS 0.0400

0.0%

Jul 8 5:00 PM EST

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To: nommedeguerre who wrote (410)	10/1/1996 5:38:00 PM
From: paulmcg0	of 7618

Norm -- you asked: >What do the postal inpectors have to do with the IAS situation? IAUS used the U.S. mail to send out packets of information to potential investors who answered ads in Investor's Business Daily. The advertising literature they sent out claimed (in a sheet titled "DWM Test Results") that they could do 9.6 Gbps (yes, that's Giga) over a 100 KHz wide radio channel and the claims they made for telephone use (300-600 Kbps over an unmodified POTS line). If they can't deliver, sending false claims through the mail to solicit money becomes mail fraud. As we now know, they later made a filing with the SEC that indicated those performance figures were "theoretical". You can read this SEC filing by clicking on this link sec.gov Paul McGinnis / PaulMcG@aol.com

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