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Non-Tech : Hall of Shame (naysayers, hypesters, MM henchmen, gasbags)
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To: Adrian du Plessis who wrote (211)5/19/1998 7:53:00 AM
From: Mr Metals   of 417
 
Another LOL.

YBM Magnex International Inc -

Globe says chief, directors unloaded stock

YBM Magnex International Inc YBMShares issued 442229011998-05-13 close $14.35Tuesday May 19 1998The Globe and Mail reports in its Saturday, May 16, 1998, edition that the CEO of YBM Magnex International and five other directors sold more than $2-million worth of shares in the weeks before the company's auditors raised concerns about its finances and operations. The Globe's Karen Howlett and Paul Waldie write that YBM's head office documents have been seized in connection with a criminal investigation by several U.S. agencies, including the FBI. According to documents filed with securities regulators, YBM CEO Jacob Bogatin sold $314,940 (U.S.) worth of shares in late February. The Globe points out that YBM literature says Mr. Bogatin is a former professor at the Saratov State University in Russia. Others who sold shares include James Held, YBM's vice-president of business development, and Daniel Gatti, the CFO. Mr. Held sold $789,399 (Canadian) worth of stock in the first three months of this year, including $300,000 worth of shares on March 17 and 19. Mr. Gatti sold $571,960 worth of stock February 20 and March 24. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

Mr Metals
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