Ned Land Tuesday, Feb 9 1999 10:03AM ET
Reply # of 503
Stock Detective assails CMOZ "empty hype" and adds : "the company has nothing else to offer."
Ouch, that hurts. Leroy, maybe you can get them kicked off internic Better yet, threaten a lawsuit. Oh, wait a minute, you need money to hire lawyers. TOPCAT, I guess today would be an auspicious day to blow off all your free paper.
COSMOZ.com Inc. (OTC BB: CMOZ) is the latest incarnation of a company which, a few short months ago, announced a $16 million funding to develop and market franchise "concepts." Among them: pretzel kiosks and automotive specialty stores. But that was August. A mere five months later, the former company, MIS International, changed its name to COSMOZ.com and, presto change-o, is now an Internet company.
Hardly. But that didn't stop its stock from running up from $0.20 to $5 in less than two weeks. Before hiring a pubic relations firm last week, COSMOZ generated its own hype, comparing itself to Internet giants like Yahoo! It pushed that image even further when it announced its acquisition of the obscure Investorsguru.com, a financial website with an alarmingly high ratio of traditionally dicey mining, gas and oil stocks on its research lists. COSMOZ aligned this mystery site with the likes of Silicon Investor and MotleyFool, both marquee names in Internet finance.
But such empty hype is not surprising when the company has nothing else to offer. Although it is an Internet-based company, it doesn't have a site - at least not a working site (it's under construction). Nor does it have a product, sales or financial statements for investors to consider. |
