SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!! -- Ignore unavailable to you. Want to Upgrade?


To: PistolPete who wrote (4121)7/29/1999 1:29:00 PM
From: PistolPete  Read Replies (2) | Respond to of 4230
 
Here is the WSJ article.

This appears on Page A 10 of the Thursday, July 29 edition (eastern region from what I hear)

"FORT WORTH, Texas - The Securities and Exchange Commission sued a Waco, Texas boat company and its chief executive, alleging they sold unregistered shares and disseminated false information.

The SEC's Fort Worth office said Great White Marine & Recreation Inc.'s chairman and chief executive, A. Colin SMith, sold unregistered securities that the SEC alleged he did or should have known would be sold on the market. Shares of Great White sell over the counter.

According to the suit, filed in Waco federal court, Mr. Smith raised $10.8 million by distributing unregistered securities, then converted $3.5 million of that sum to his own uses and used at least $1 million to make a dividend payment.

The SEC also alleged Great White didn't have sales records to back its financial results and said a filing made with the SEC was "rife with falsehoods and misrepresentations".

The SEC asked the court to freeze Great White's assets and appoint a receiver, plus levy civil penalties.

Mr. Smith didn't return a call to Great White seeking comment.

Great White's name has surfaced in previous SEC actions. Last year, the SEC sued Internet promoters in a Waco federal court, alleging they received Great White shares in return for touting the company's stock without telling investors. The SEC didn't sue Great White then."

"



To: PistolPete who wrote (4121)7/29/1999 6:35:00 PM
From: BigWapiti  Read Replies (1) | Respond to of 4230
 
You guys all crucified me when we smelled this rat last May, well live and learn........my treasurer had a 15 month open order that filled today in a semi-dormant personal account , that is life. It surprises me sometimes how long things take to pan out (or down).

Similar names, Tigershark (to Arctic cat) then quickly changed, Collin acting like he's a dupe, dividends, two rights offers, now we are an internet company, the incredible growing shares outstanding, mystery board member postings, the 12 month SEC filling that never was... and on and on and on........

made absolutely no money in the last 15 months as didn't own any, didn't short any.........HEY GANG.....wisen up..............next time smell the rats..............These guys on the OTC BB make snake oil salesmen look good.

Better luck next time
thank God for Monski

BigWapiti