How about this ?
stockdetective.com
From stock detective..
June 8, 1998
Thanks to the Stock Detective's vigilant readers and a bevy of stock promoters, we're flush with tips about stocks that most people should think twice about before investing. All them may not warrant full Stinky Stock status, although we're sure a few inevitably will come from this list. Until they reach that benchmark, Stock Detective wants to warn readers about stocks that should have you seeing "red." What sets them apart? Take your pick: volatility, high volume, wild price swings, outrageous claims, a stack of vacuous press releases, or maybe a share price that doesn't seem to add up from the sum of the company's parts.
As always, tread lightly.
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Mountain Energy (OTCBB: ICVI), formerly International Casinos Cruises Inc., recently shed its guise as a gaming organization (it only had an interest in one gaming boat) and decided to become an energy company. Mountain Energy claims ownership of coal and gas reserves conservatively valued - according to them - at more than $200 million, tucked away in previously inaccessible sites in the West Virginia hills. This stock has all the classic signs of a pump 'n dump: changing to an industry unrelated to prior focus, a vicious run-up in share price (from $0.04 to almost $2 in two weeks) and weak fundamentals that don't support what the company plans to do. There are 70 million shares of ICVI outstanding, 50 million of which were issued as restricted shares for the purchase of Mountain Energy. Who controls the other 20 million shares depends on whom you talk to. The company lists two contacts on its press release for investor relations. According to Joe Gort, shareholders in the original shell control about 5 million shares. According to George Guttman, the shell owners control all 20 million remaining shares. Confusing? You bet it is, but it makes investing in the company an even easier call. Oh, and did we mention it's non-reporting with the SEC? |
