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Strategies & Market Trends : Three Amigos Stock Thread

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To: Cary C who wrote (3329)	4/20/1998 12:07:00 AM
From: Ken W	Read Replies (1) of 29382

Cary, SEMI: As I recall (its been a year)since GIFS was halted that Lew and co (The CEO of GIFS) were involved in selling a phony Cert. of Deposit touted as being worth 100,000,000 in Mexico. Lew was the "underwriter" of the CD and guarenteed it's worth. Well guess what....It was'nt, Mohommed was last seen in Uraguay and Lew yelled that he had been duped also, but was always suspected as being the shill in the fleecing of the shareholder. Personally I lost a small amount compared to others. Some claimed to have lost 40 to 60K on the deal. The point is, Cary that we trusted someone that, at that point. we thought was on the up and up. Further DD revealed that Ol' Lew had been involved in this type of thing before. SEC enforcement pages showed past charges and investigations. All of this does not mean that SEMI is a bad co. Just that they run with bad co. Ken W

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