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Microcap & Penny Stocks : Panther Resources Ltd. (PTHR NASD BB)

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To: Buster who wrote (280)6/16/1998 1:07:00 PM
From: jimmy  Read Replies (2) of 618
 
Ask Gordon about this too...

Urban Resource Technologies Inc URT
Shares issued 30,454,457 Feb 25 close $0.15
Wed 26 Feb 97 In the News
Dow Jones News Service reports this morning that George Chelekis and two companies controlled by him have agreed with the US Securities and Exchange Commission to pay fines totalling US$162,727, without admitting or denying the charges against them made by the SEC. It alleged that Mr Chelekis and his companies, KGC Inc and Hot Stocks Review Inc, failed to disclose that they received at least $1.1 million and 275,500 shares of stock, as payment for recommending companies' securities in his Internet publications. Paul Gerlach, associate director at the SEC's division of enforcement, named six of some 150 companies that paid Mr Chelekis and his publications for promoting them on the Internet. Four of the six were Canadian: Urban Resource Technologies, Canmine Resources, Quest International Resources and Luminart Inc. Mr Gerlach declined to say whether the companies themselves were being investigated.
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