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Microcap & Penny Stocks : ADLP - Advanced Laser Products

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To: Ken who wrote (566)5/28/1998 10:48:00 AM
From: John D. Morrison  Read Replies (2) of 595
 
I lost big-time on this stock. I bought in at slightly under a dollar, and finally gave up and sold out at around ten cents.

In my opinion, this stock was another Stocks 4 Tomorrow pump n' dump scam. This is bolstered by the fact that when I talked to Joe Petra about the company, I asked him point blank if ADLP had ever used Mark Schultz. He said that they had used him in connection with another company they were involved with, but not with ADLP. I did not believe him, needless to say.

My opinion about them is further bolstered by the fact that they never sent me an investor's packet despite having promised to several times. And then finally by their questioning my status as a shareholder because they couldn't find any record of my being a shareholder. It is a well known fact that many brokerages like mine (ETrade) hold stocks in street name. They knew I used ETrade, and I'm sure they could have found out that I did indeed own shares at one time.

If I'm wrong, then their PR people need to be taken out and shot.

John M.
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