Yeah, my friend. That's what all the folks at Spectrum Control Technologies told themselves back in 1994....the "news releases" all talked in absolutely glowing terms about how great SPCL must be because a company as smart, big, cautious, etc, etc, etc as AT&T wouldn't buy from a loser company. And they also "signed" deals with other big name companies...man it looked great...and I bought it hook line and sinker.
As I've said, I got in fairly early...at about $.75...and it went to $13, and I tried to sell. Couldn't reach my "broker" because they somehow had a telephone problem that day. The next day too. By the time I got out, it was down to $6.50, and within a week, it was all over....
That AT&T "contract"....never existed. The ones with other big name firms....never existed. Oh, the news releases from the company were fantastic. We were all going to make millions....turns out the only ones who did were a small number of corporate thieves. How bad was it, how clever was it....very! John Scully got in and out within 30 days, once he saw what was really going on.
This thing is so similar it makes me shivver. Hype "releases"...never any numbers....they were delayed....lawyers looking at it....hard to find an auditor....man, this is a carbon copy, or so it looks to me. I sure hope you've got your eyes wide open. If you've got access to CSI, you can go back to 1994 and reconstruct the whole day-by-day SPCL senario trade-by-trade. |
