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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Rich Investor who wrote (8261)2/1/1999 6:30:00 PM
From: Ruyi  Read Replies (2) of 37507
 
Tip of the iceberg, revelations on MCF now this .Nasdaq will really be looking into Internet issues.









Stop trading: The US Securities and Exchange Commission halted stock trading of six Internet-related companies because of their ties to a stock promoter banned from the brokerage industry for violating securities laws.

The SEC, in announcing the 10-day trading halts, also cited "questions that have been raised about the adequacy and accuracy of publicly disseminated information" about the companies.

The six companies are USA Talks, Citron, Electronic Transfer Associated, Invest Holdings Group, Polus, and Smartek. Shares of each have soared at least 57 percent and up to 382 percent this year.

With the exception of USA Talks, all of the companies had ties to stock promoter Peter Tosto, who also goes by the name of Peter Lybrand. He was barred from the brokerage industry last year.



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