IMAL - Online Shopping Mall Message Board

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Technology Stocks : IMAL - Online Shopping Mall

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To: Aviator who wrote (314)	1/8/1999 12:24:00 AM
From: Pluvia	Read Replies (1) of 399

I happen to know a little bit about this company - because it was put together from a penny stock "shell" that went through one of the Infamous "Penny Stock" brokerage firms out of Salt Lake City. A firm I have know for 18 years. All the originators own stock at pennies, the company makes no money and never will... The company uses BS press releases to try to capitalize on the internet "frenzy" by pumping up the stock price and blowing out stock they hold in various "names"... Heck this is a story that is as old as the penny market itself. Going back twenty years there were the "oil" penny pump & dumps cons, then the "Aids Cure" pump & dumps, then the "Computer" pump & dumps, now the "flavor scam of the month" - the "Internet" pump & dumps. Heck - this is the same 'ol con with a different story bud. When you wake up.... In 18 months, this stock will be trading for pennies again and all the insiders will be living in new multi million dollar homes driving flashy new cars... The shareholders who got sucked in will be wondering how to put their kids through college after they lost their savings and retirement money... All comments IMO Cheers Steve

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