To: Fast Eddie who wrote (10424 ) 6/30/1999 5:05:00 PM From: Jacalyn Deaner Read Replies (1) | Respond to of 18998
Is this type of activity illegal - momo groups of about 21,000 people select some crappy stock issue and make it look like a good thing by buying and creating lots of activity - then dump. Looks organized enough to me, but I don't know. There are about 6 groups so far really organized and they pick a stock each wednesday and some on thursday. This seems to me to be PUMP & DUMP TSUNAMI style. Thanks in advance for an answer anyone. anyway, here is the email sent to thousands and evidently it caused some heavy action on an otherwise CRAP stock: CAYC email: Subject: ***UNITY LIST PICK*** Date: Wed, 30 Jun 1999 08:29:21 -0700 From: "Bently Kaplan" <unitylist@fix.net> The Unity List MOMO Play Pick for Wednesday, June 30, 1999: CAYC (Caye Chapel, Inc.) The ask as of this posting is .08 You are one of over 21,000 subscribers who will participate in the premier momo play on the Internet. Before we explain our pick and some useful dd for you to pass along, PLEASE READ THE FOLLOWING VERY CAREFULLY: This email message is being emailed you IN DUPLICATE from two different servers AT THE EXACT SAME TIME to ensure expediency. If your email account is administered on a slow server and you do not receive this message immediately, PLEASE PROCEED WITH YOUR BUY just the same upon receipt. FROM OUR CHARTING WE HAVE CONCLUDED THAT THIS STOCK WILL RISE OVER 300%! At some point you will see the price stall, then dip. This is called a Œshakeout.' As experienced traders know, this is a common practice by Market Makers to reclaim their shares. REMEMBER TO HOLD THROUGH THIS DIP! MMs will be FORCED to raise the price and you will inevitably see over 300%. REMEMBER - the MORE you BUY and the LONGER you HOLD, the higher the value increases and the more you stand to profit. ***CAYC*** Caye Chapel, Inc. owns approximately 40,000 acres of oil and gas leases in the San Antonio, Texas area that contain in excess of 1800 well bores. Approximately 75% of the total oil resources in the United States cannot be produced by conventional methods and have been left in the ground. Caye Chapel acquired the San Antonio area leases for the purpose of implementing new oil recovery technologies to retrieve proven reserves. Caye Chapel plans to produce its extensive oil reserves using relatively new technology that has proven to be very successful. The technology will allow for the recovery of their reserves at a dramatically accelerated rate. The company also owns Future Trend Manufacturing, Inc. of Joplin, Missouri. Future Trend Manufacturing manufactures specialty drilling bits for the mining and oil industries. In addition, Caye Chapel owns J.K. Machining, Inc. in Joplin, Missouri. J.K. Machining does custom machining. Projected revenues are $25 million in 2000 and $80 million in 2003. We have decided on CAYC because of the following very forward-looking 'rumor' that we have come across from a reliable source in the investment community. Remember, until it has been officially released by the company, THIS SHALL ALL BE CONSIDERED A 'RUMOR:' "Executives of Caye Chapel recently met with auditors and anticipate their quarterly financial statements to be released in two weeks. The preliminary numbers will indicate a BOOK VALUE PER SHARE OF $.30, and Œmay¹ reflect positive revenue generation." "Moreover, CAYC 'may' soon be releasing news announcing several new drilling contracts, an update on their new oil recovery technologies, and the status of the company¹s drill bit production. The company has indicated that they intend to enhance production to ship 1,500 bits per month." REMEMBER, please feel free to post this pick. However, the above information must be declared a 'rumor.' INVESTMENT PROFILE: Caye Chapel, Inc. 1501 Azure Hills Drive Van Buren, AR 72956 Tel: 501-474-7906 Fax: 501-474-7900 Website: www.cayechapel.com IMPORTANT: Because of the varying investment objectives of our many subscribers, we will NOT be sending out alerts to hold nor sell. THIS IS THE ONLY ANNOUNCEMENT YOU WILL BE RECEIVING FOR THIS PLAY. Use your own discretion. We are a MOMO play list and can not account for long-term investments in this or any stock. Nevertheless, as with all our picks, our estimations are that CAYC is a stock worth holding long term. GO CAYC!!! Happy Trading and Good Luck! We'll see you at the bank! Bently Kaplan Administrator The Unity List unitylist@hotmail.com *** DISCLAIMER*** Nothing within this email shall constitute a solicitation or an offer to buy or sell any security mentioned herein. All investment decisions should be reviewed by a qualified professional. All statements made are our express opinion only and should be treated as such. The information that has been provided is intended solely for the individual investor as an advisory research service. We are not associated with the Securities and Exchange Commission (SEC), a registered Brokerage Company, or any of the foreign or domestic Stock Exchanges. Any subscriber to this service agrees to forfeit any and all liability against us for any information or advice received. We are an advisory/research service for investors/traders and any advice should not be considered as an offer or recommendation to buy or sell securities and does not included analysis of said companies financial position. The information comes from an array of many sources with no guarantees of accuracy or reliability therefore; We are not liable for any losses or damages, monetary or otherwise, resulting from the use of their services. None of our associates are liable for inability to disseminate information due to problems arising from various email networks or distribution protocols. Subscribers should consult with their own tax, business and financial advisors with respect to any investment. All information publish and contained in these email notices should be independently verified. Subscribers/Traders should investigate and fully understand all risks before investing. ------