Yo! Ordinary Investor Dude!
Talk : $5 and Under : VRFT- Vitafort Intl. LowFat Foods
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To: OTC JOE (12 )
From: Beermeister
Friday, Feb 5 1999 12:57PM ET
Reply # of 22
Lets Get the Dialog Going!! I hear rumours of a short squeeze!! I am trying to get in as we speak!
Message 7679692
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$5 and Under : VRFT- Vitafort Intl. LowFat Foods
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To: SurfCa2 (0 )
From: Beermeister
Friday, Feb 5 1999 7:57PM ET
Reply # of 22
Massive Volume. Short Squeeze Underway people. I hear we may be at $2 by the end of this week!!!! Look at the friggen volume.
Message 7687583
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Web/Info : BEST INTERNET STOCKS TO OWN IN 1999
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To: Postman (219 )
From: Beermeister
Friday, Mar 26 1999 10:37AM ET
Reply # of 250
GCCT, Similar to UBID and ONSALE. Action seems to be just starting.
Message 8541440
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Talk : Web/Info : eBay - Superb Internet Business Model
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To: JF2155 (2391 )
From: Beermeister
Sunday, Mar 28 1999 11:52AM ET
Reply # of 2487
I own EBAY shares, I also own GCCT shares. Could you guys take a look at GCCT and let me know what you think? It has a model that I think may be better than EBAY.
Could GCCT be the next Ebay? Sorry to pop in on your string. Thanks.
Message 8569538
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Talk : $5 and Under : "A Wall Street West Newswire" Discussion Board
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To: MoneyBaggs (431 )
From: Beermeister
Saturday, Apr 3 1999 8:02PM ET
Reply # of 439
Over... it is only beginning babe! Have you seen GCCT? Up to $6 from $1.85 a week ago. Party over, I dun think so!!!!!!!!!!!!!
Message 8689264
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IPOs : THERMOTEK INTERNATIONAL INC. ---NEW I.P.O.
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To: Tastes Like Chicken (18 )
From: Beermeister
Saturday, Mar 27 1999 7:30PM ET
Reply # of 21
Enough baloney. I am not promoting anything. I am trying to answer YOUR questions about Thermotek. Your rude comments are not worth of response. Who said it is a private placement? Where did you get that from? It was 504 sale of free trading stock that will be listed on the pink sheets in a matter of days. I am not in a dream world.
Lets deal in reality here.
Message 8564765
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REALITY:
SEC Charges 13 With Internet Fraud
By MARCY GORDON
AP Business Writer
WASHINGTON (AP) — Continuing their ''sweep'' against Internet investment scams, federal securities regulators announced Thursday they had charged nine people and four companies with fraud online.
The Securities and Exchange Commission alleged separate schemes that deceived investors around the world by fraudulently promoting stocks in Internet junk mail, online newsletters, Internet message board postings and Web sites.
The market watchdog agency made the allegations in a civil lawsuit and three administrative actions. All four cases involved people allegedly promoting stocks without disclosing they were paid for it. The lawsuit also involved an alleged ''pump and dump'' scheme, in which promoters pushed up a stock's price by making false claims about the company and later sold their own shares to cash in on the artificially high price.
The accused individuals, including one current and two former stockbrokers, promoted more than 56 publicly traded companies and received more than $450,000 for doing so, the SEC said. The companies are fairly small and their stocks are relatively cheap, risky and thinly traded.
The agency ''continues to be vigilant in its efforts to stamp out fraud on the Internet,'' said SEC Enforcement Director Richard Walker. ''If you're trying to cheat investors on the Internet, we are watching and we will catch you.''
The actions were the latest moves in a nationwide crackdown against investmen fraud in cyberspace started by the SEC in October. The agency has been targeting people promoting stocks over the Internet who don't disclose they are paid to do so.
Such stock promotions are known as ''touting.'' Stock touting is not illegal in and of itself, but any compensation received from the companies must be fully disclosed, including the nature and amount of payment in cash or stock.
In the new lawsuit, the SEC alleged that P. Joseph Vertucci, an insider of Interactive MultiMedia Publishers, and Bruce Straughn, a former Chicago stockbroker, manipulated the company's stock price in a ''pump and dump'' scheme.
Vertucci and Straughn also are accused of arranging for publications to tout Interactive MultiMedia, a software development company, on the Internet and elsewhere. They allegedly paid the touters with cheap or free company stock, which the touters failed to disclose.
Interactive MultiMedia's stock later collapsed and the company ceased operating, the SEC said. The agency sued Vertucci, Straughn and five other people allegedly involved in the scheme, seeking unspecified civil penalties and repayment of illegal profits from some of them.
Vertucci denied any wrongdoing, saying he was deceived when he bought Interactive MultiMedia. The SEC ''missed the point. ... What they're doing is wrong,'' he said in a telephone interview.
Straughn said he hadn't seen the details of the case yet and had no immediate comment.
In the three administrative actions, the SEC alleged that:
— Scott Flynn and his company, Strategic Network Development Inc., used Internet junk mail and a Web site called Stockprofiles.com to disseminate favorable information about several companies without fully disclosing his payments from the companies.
Flynn, a former stockbroker convicted of securities fraud in another case, is said to have received at least $183,200 in cash and 322,500 shares of stock from at least 10 of the companies.
Flynn could not immediately be reached for comment.
—Hastings Communications, the owner and publisher of Stockprofiles.com, promoted the companies without fully disclosing its payments from the same companies.
In a settlement with the SEC, Hastings Communications agreed to refrain from such violations in the future. The company neither admitted nor denied wrongdoing.
—Max Ramras, through a business named RCG Capital Markets Group Inc., touted the stocks of nine companies on a Web site without disclosing payments in cash and stock options from the companies. RCG Capital Markets allegedly made more than $100,000 from the companies since November.
Don Wall, an attorney in Phoenix for Ramras and his company, did not immediately return a telephone call seeking comment.
The Flynn and Ramras cases will be heard by SEC administrative law judges, who will determine whether the allegations are true and whether any remedial actions should be imposed.
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EDITOR'S NOTE: The SEC advises investors to read its Cyberspace Alert before buying any investment promoted on the Internet. The publication is available on the investor assistance and complaints link of the agency's Web site at <http://www.sec.gov/>www.sec.gov. It also is available by calling 1-800-SEC-0330.
Investors also are urged to report suspicious investment offerings to enforcement@sec.gov.
Message 8183839 |
