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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: JD who wrote (2664)	9/9/1999 10:30:00 AM
From: Jorjenzak	Respond to of 4766

Thanks! That is why I only look at fully reporting and revenue generating companies myself. I see you are not fond of VALH and I see your basis for concern....but it is not something that struck me as being a problem for my investment. To each their own! Appreciate you opinion and insight, nonetheless. Good luck on your picks.

To: JD who wrote (2664)	9/9/1999 10:36:00 AM
From: Jorjenzak	Respond to of 4766

btw JD....why no profile??? hmmmmmm........personal choice I suppose. Just curious. It always strikes me as odd when I come across no profiles on posters.

To: JD who wrote (2664)	9/11/1999 7:46:00 PM
From: Rande Is	Read Replies (3) \| Respond to of 4766

Why shouldn't we trade penny stocks from Boca, Vancouver, Denver or La Jolla or other penny stock capitals or vacation spots?? Because 99 percent are scams. Another one bites the dust: Boca stock promoter faces fraud, laundering charges By LESLIE HILLMAN Web-posted: 12:06 a.m. Sep. 11, 1999 A federal grand jury in West Palm Beach indicted Boca Raton stock promoter Gary Salter on charges of conspiracy, securities fraud and money laundering, accusing him of orchestrating a scheme to inflate the price of penny stocks he owned so that he could then sell those shares. Similar charges were also handed up against three Illinois stockbrokers: John W. Deisch, Robert F. Curley and Bruce E. Straughn. Salter, 63, was charged with 14 counts of securities fraud, 14 counts of money laundering and two counts of conspiracy, the U.S. Attorney in Miami said Friday. If convicted on all counts, Salter faces a prison term, a $21.75 million fine and possible restitution. The indictment continues a federal investigation that has been doling out criminal charges since at least 1996. So far, 27 people have been charged. Officials said Salter agreed to pay brokers secretly for recommending their clients purchase certain stocks. Payments to the brokers were equivalent to 15 percent of the value of the stocks their clients bought. Neither officials in the U.S. Attorney's office nor Salter could be reached for comment. Federal officials started closing in on Salter in 1996 after a former employee, Harcourt Wiltshire, pleaded guilty to conspiracy and agreed to cooperate with a federal investigation. Officials then filed charges in 1996 and 1997 against several more stockbrokers who officials said received bribes from Salter's operation, but both times Salter avoided indictment.