Veronex Technologies Inc. (VXTK) Message Board

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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK)

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To: Arcane Lore who wrote (297)	4/10/1998 12:14:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) of 684

Re: More Paid Hype is on the way Someone on Yahoo wrote: ...a new research report just hit the street today, it's already is in the hands of big mutual funds, investment firms ect. its also out on the news wire. i saw it on bloomberg and others. i called veronex and got a copy myself. its from "csk securities research" and they recomend a "STRONG BUY" before this report hit the news wire the stock was at 7.125 and spiked to 8.25 when the report hit the wire. veronex told me this report was sent to thousands of mutual fund compinies a few days ago. the report is probably starting to be received by such places.by early next week they all should have them. Seems that CSK is another of those outfits that will give you a glowing write-up if you pay them enough. I can't for the life of me figure out why a product that commands a $2.5M price tag has not been reviewed by an independent source. From Stinky Stocks: Then there is a report from an outfit called CSK Securities Research, which projected Say Yes Foods would report $5,790,000 in 1997 pre-tax earnings on $13,700,000 in anticipated sales - pretty bold stuff when no one has seen their actual 1996 results. Mr. Thomas said that CSK was the only report that they didn't pay a fee to have prepared but he also acknowledged that CSK's source for their projections was the company itself. CSK wouldn't answer our previous inquiry into whether they were compensated to prepare the report. Nonetheless, $5.79 million in earnings on $13.7 million in revenues is a far cry from the company's revelation to us that sales have only just commenced within the last few weeks and may grow to as much as $2 million by the end of 1997 - perhaps. Source: stockdetective.com Lastly, the same guy who wrote about VXTK hiring CSK Securities said a NASDAQ listing should happen in a few weeks. I find no evidence that VXTK is a fully reporting company with the SEC (at least there's nothing on Edgar from them), so that would make a NASDAQ listing a physical impossibility. - Jeff

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