I was able to dig up part of a news article from 96. It does not give a number or an address but it does lend credibility of this being a going concern.
WARNING! If you have a heart condition, stop reading this story!! Ticker-troubled read-ers who go beyond this first paragraph do so at their own risk!!! Okay, we're exaggerating a bit. Still, it's tough to overstate the risk of Combined Penny Stock, a closed-end fund that's one of the more unique offerings in the mutual fund universe. As its name implies, Combined Pen-ny Stock invests in “pen-ny” stocks, variously defined as stocks un-der one, five, or ten dollars – it all de-pends on who's doing the defining. But there is a common theme; for the most part, penny funds own stocks that are very short on value and very long on speculative potential. If investing were a horse race, these ponies would rate 100 to 1 odds. Of course, the flip side of this ex-traordinary risk is extraordinary profit poten-tial. For example, between September 1992 and September 1993, Combined Penny Stock's net asset value doubled, earning 25 times the return of the S&P 500 and topping every oth-er fund. Impressive? You bet. But before you call your broker, you should get to know more about this Penny Stock
Funds Here's a way to play the most speculative segment of the stock market.
FEBRUARY 1996 MUTUAL FUNDS 55 BY J E F F BE N KO E
Rick
Lee
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