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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Francois Goelo who wrote (3417)	7/12/1999 6:34:00 PM
From: StockDung	Read Replies (1) \| Respond to of 10354

What Franschwa does not want you to know about Stockdetective; Stockdetective.com is run by Kevin Lichtman, a 38-year-old Floridian who knows a Web stock scam when he sees one. He used to promote them as an investor relations man. His firm was paid from $100,000 to $250,000 per assignment to tout clients' stocks in the guise of independent analyst reports. After nearly being fired for writing the truth about one of his firm's clients, Lichtman quit to start www.financialweb.com. Financial Web provides news, stock quotes and other information, as well as stockdetective.com, which exposes scams. Exposing scams boosts traffic on his Web site, which helps advertising sales. forbes.com By Matthew Schifrin Cyber-ranger STOCK CROOKS NO LONGER have to rely on scores of cold-calling brokers to thumb through the white pages for suckers. Stock-scam Web sites can reach millions instantly via spam E-mail and banner advertising at little or no cost. The SEC is overwhelmed by the digital scamsters. As often happens, when the cops aren't functioning, vigilantes emerge to expose potential frauds. One vigilante site worth checking out is www.stockdetective.com. It flags the most egregious stock promotions currently swirling around the Internet and attempts to educate investors about the fraudsters. Stockdetective.com is run by Kevin Lichtman, a 38-year-old Floridian who knows a Web stock scam when he sees one. He used to promote them as an investor relations man. His firm was paid from $100,000 to $250,000 per assignment to tout clients' stocks in the guise of independent analyst reports. After nearly being fired for writing the truth about one of his firm's clients, Lichtman quit to start www.financialweb.com. Financial Web provides news, stock quotes and other information, as well as stockdetective.com, which exposes scams. Exposing scams boosts traffic on his Web site, which helps advertising sales. Hype list Web address (www.) Recent touts/ticker* money-world.net Sportstar Marketing/SSMK One of the oldest, often paid $100,000-plus per stock. superstockpick.com Shop TV/SHTV Packed with penny stock advertorials. stockinvestor.com Interjetnet Corp./IJNT Affiliated with FutureSuperStock.com and promoter Jeff Bruss. stockplayer.com Apple Homes/APHC Received 25,000 shares to promote APHC. internetstockmarket.com Redneck Foods/RDNK Clearinghouse for penny stock promotions. *All ticker symbols are o-t-c Bulletin Board. : Source:www.stockdetective.com Lichtman's most recent exposé is of an o-t-c Bulletin Board company called DNA Medical Technologies, of Hiawatha, Iowa. DNA Medical claims to make money by collecting and storing youthful DNA; the hope is that the DNA will someday be useful in curing diseases once science develops gene-based cures. It charges $515 for the service even though Stockdetective cites noted genetic experts who claim that DNA extraction normally costs just a few dollars. Lichtman heard about the company through spam E-mail that claimed that a mysterious Japanese company, Pax International, had offered $20 per share for 80% of the company's 90 million outstanding shares. The hype caused dna Medical stock to climb to $5.50, but it has since dropped to 30 cents. According to Lichtman, it is likely that the promoters who pumped up DNA Medical have moved on to the next hype job. "These on-line promotions have a very short life span," says Lichtman. The table shows Stockdetective's top five list of the most prolific stock promotion Web sites. Web surfers, beware. -OM MALIK