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Microcap & Penny Stocks : AREE - Formerly TVSI
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To: John D. Morrison who wrote (456)2/11/1998 9:51:00 PM
From: s martin  Read Replies (4) of 6528
 
>>>It doesn't take a genius to see that this one was a classic. Closed Friday at .08. Opened Monday at .20 or .21, did some wild gyrations for a few minutes, 20 million shares hosed through in the blink of an eye, then it plummets back down to .10. Please.
They know who they are. They might think they're clever. Time will tell.
John M.<<<<

Additionally: Prior to Friday, no one on Silicon Investor had heard of Travis. After trading 900 shares on Wednesday there was a spectacular rise in the volume and price of the stock on Friday, prior to the announcement, which didn't come out until the market closed.
Unfortunately, as Allan points out not much due diligence was done or could be done as the office was closed and no one could explain about Planet Sports or Next Level.

. The most recent SEC filings addressed the delay in financials, due to the bankruptcy and the issuance of shares to the corporate officers and counsel (Mr. Raabe). Market orders to buy enabled to market makers to raise the ask price and millions of shares were purchased by people who within the hour had lost 50% or more.

Were the insiders selling into this rally? Were there promoters who were also selling shares they had purchased or been given ? Any person who may have owned 1 million shares would have been able to make $250,000 in one hour. Not bad for one press release, huh?

The continued stonewalling about who or what Next Level or Planet Sports are and where they might be located is to say the least suspect. It doesn't take a rocket scientist to question this one... <G>
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