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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (15766)10/29/1998 1:57:00 AM
From: Sr K  Read Replies (1) of 17305
 
FSS certainly does not deserve defenders here, but I've kept a few of their emails and note the following near the end of the June 26 email:

<<The Future Superstock may act as a consultant to the companies reviewed in this publication and may receive compensation for promotional or public relations services, including web site development, to such companies in cash or stock. The editor or the editor's affiliates and/or family may have positions in stock of the companies reviewed in this publication and may increase or decrease these positions at any time. It is The Future Superstock's policy not to engage in transactions in a subject company's securities until five days after the dissemination of its report. The Future Superstock was compensated three hundred thousand dollars for its services and for the electronic dissemination of this report. Such compensation received by The Future Superstock for its services should be viewed by readers as a potential conflict of interest. Investing in micro-cap securities is highly speculative and carries extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. >>

Did they start this disclaimer after the SEC investigation had begun? If they had it all along, it's better than most, on-line or in print. I know, for instance, that Barber and Bronson in Florida a few years ago got 200,000 shares (or cheap warrants) for recommending a stock they pumped from 1 to 3 and now it's back to about 62.5 cents, but their disclosures were just generic (the company CEO told me the details).
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