Would love to find out what happened.
broke2,
This is what happened:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 15312 / April 2, 1997Accounting and Auditing Enforcement
Release No. 901 / April 2, 1997
SECURITIES AND EXCHANGE COMMISSION v. CHESTER HOLDINGS, LTD.,
formerly named AQUA BUOY CORPORATION, JOSEPH PIGNATIELLO,
CONSTANCE PIGNATIELLO, and CHRISTOPHER WERNER, 97 Civ. 1654(D.N.J.) (MTB)
The Securities and Exchange Commission ("Commission")
announced today the filing of a Complaint in the United States
District Court for the District of New Jersey charging a public
company and three of its former officers and directors
("Defendants") with making false statements to the public
concerning the company's financial condition and about certain
businesses and assets that the company acquired. The three
former officers and directors are also charged with obtaining
approximately $2 million in illicit profits by selling the
company's stock at inflated prices.
Named in the Complaint are: Chester Holdings, Ltd. (formerly
named Aqua Buoy Corporation) ("Aqua Buoy"), with its principal
office located in Wayne, New Jersey; Joseph Pignatiello, age 50,
residing in Coral Springs, Florida; Constance Pignatiello, age
40, married to Joseph Pignatiello, and residing in Coral Springs,
Florida; and Christopher Werner ("Werner"), age 34, residing in
Newport, Rhode Island.
edgar.sec.gov
Several SI members did some research a while back, when this stock had a similar runup:
Message 5110463
Message 5139745
Message 5140443
Milk |
