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Technology Stocks : Applied Cellular Technology (ACTC)
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To: James F. Hopkins who wrote (909)7/7/1998 4:58:00 PM
From: Dr. Harvey  Read Replies (1) of 1062
 
Here is something interesting. Some of the allegations sound similar to things I have seen alleged about ACTC. exchange2000.com

It was this main allegation that I found particularly disturbing.
"In particular, plaintiff alleges that defendants failed to disclose that they were unable to successfully integrate several merged companies and knew or were reckless in not knowing that the Company had neither the accounting control systems nor management structure in place to integrate the companies acquired;

certain defendants, however, took advantage of their knowledge of
these undisclosed adverse facts by selling their own Premiere stock at artificially inflated prices. "
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