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Microcap & Penny Stocks : EcoTyre Tech. Icn. ETTIE

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To: Sandpiper who wrote (4)10/1/1998 8:33:00 PM
From: Arcane Lore  Read Replies (2) of 8
 
"N.J. broker accused of trading violations"

"A New York investment firm, its chief executive, and its president, who is from Florham Park, have been accused of securities trading violations in nine states, leaving a 10-year trail of complaints that spans from Utah to New Jersey."

"LT Lawrence & Co., Lawrence Principato of Staten Island, and Florham Park resident Todd Edward Roberti most recently were charged by the National Association of Securities Dealers with inflating the stock value of EcoTyre Technologies Inc. The share price of Ecotyre, a Holtsville, N.Y.-based company that recycles old tires, is virtually worthless. The stock plummeted from $44 a share after an initial public offering in 1996 to less than 25 cents this year."

bergen.com

No wrongdoing by EcoTyre is alleged by NASD Regulation. Here is a copy of their press release:

nasdaqnews.com
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