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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: Shadow who wrote (5235)6/20/1998 11:59:00 PM
From: Andeveron  Read Replies (2) of 8798
 
>> official stamp of approval on MINE'claims. <<

I can still remember the Bre-X mess. A week before the fraud was exposed for what it was and when the secondary testing was going on, CNBC went out and interviewed some small Canadian investors who had shares in Bre-X. The camera initially flashed to an elderly guy sitting on a porch. He spoke about how the gold was real and how shareholders would benefit. This type of sentiment was echoed by many other interviewees that CNBC spoke to.

One week later, their shares were worth the equivalent of toilet paper.

MINE will likely turn out the same. It was a pedestrian ploy by management to get a quick pump. Admittedly, it was unlikely that another company would try another Bre-X on the market but therein lies the beauty of the ploy. Who would have thought that another scam would surface so quickly? Call it a type of camouflage, helped along by the Bre-X fiasco and short marketplace memories.
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