All investors need read this article from Bloomberg and know wcap is a small cap and its background.
quote.bloomberg.com
Winfield Capital Shares More Than Double (Update1)
Winfield Capital Shares More Than Double (Update1) (Updates with Daniel Miller's Internet comments in last
two paragraphs.)
White Plains, New York, March 15 (Bloomberg) -- Winfield Capital Corp. shares more than doubled on the
Nasdaq SmallCap market. Officials of the company, which went public in October 1995, didn't immediately
return phone calls.
White Plains, New York-based Winfield rose 12 15/16, or 111 percent, to 24 5/8, a record. The stock traded
as high as 25.
Winfield Capital's initial public offering in October 1995 was managed by A.S. Goldmen & Co., an Iselin, New
Jersey, brokerage.
Last year, A.S. Goldmen, its owner, Anthony J. Marchiano, and two employees were ordered by regulators to
pay $305,000 in fines and $1.1 million in restitution for allegedly manipulating the shares of Innovative Tech
Systems Inc., a software company. Marchiano and the employees said at the time they would appeal the
order.
Marchiano owned 9.95 percent of Winfield Capital last July, according to documents filed with the Securities
and Exchange Commission.
Marchiano couldn't be located at the Naples, Florida, address listed in the July 1998 SEC filing. A.S.
Goldmen was no longer listed in New Jersey. Marchiano's attorney didn't immediately return telephone calls.
Today, Daniel Miller a 15-year-old Teaneck, New Jersey resident who has drawn wide publicity for his Internet
page that offers investment advice, wrote on the page at 3:06 p.m., ''Get in on WCAP...going to 30 by the
end of the day, trust me.''
At the time, the stock was trading at 22 7/8. While it did climb as high as 25 after 3:30 p.m., it never reached
30. |
