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To: mormon_thomas_crown who wrote (23)	2/25/2000 3:01:00 AM
From: StockDung	Read Replies (1) \| Respond to of 460

Is Susan Antilla a paid hack for the shorts too? Is Bloomberg a paid hack for the shorts too? Is Francois Goelo your friend and bud being paid off by the shorts too? Who is lying ? Pay particular attention to the section entitled "Dubious Distinction" FBI Sting Provides a Lesson in Stocks to Avoid: Susan Antilla 10/23/96 10:1 New York, October 23 (Bloomberg) All right, so how could you have known that a convicted felon barred from working as a broker might be involved in a payoff scheme to get brokers to push Spaceplex Amusement Centers. After all, it did take the collective brains of three government agencies and the National Association of Securities Dealers to get Joseph Pignatiello on tape saying Spaceplex needed ''market support'' from cooperating brokers, according to the U.S. Attorney's criminal complaint. But you needn't be privy to inside information -- or have access to FBI files -- to be leery about putting money in Spaceplex. In May, it underwent a rite of passage among penny stocks, changing its name to Air Energy Inc. Also that month, it raised a classic red flag among penny issues, engineering a 1-for-2 1/2 reverse share split. Hilariously, the accompanying press release hailed the move to boost a sagging stock price as reflecting ''the aggressive acquisition track the company has entered.'' In December, a 1-for-30 reverse split was announced with equal fanfare. There's a lot more, including a bankruptcy filing by a Spaceplex unit in April, but you get the idea. Name changes, reverse splits, and the other assorted antics of risky penny issuers don't necessarily mean a stock is rigged or that management is crooked. Indeed, the Feds have charged only the promoters of Spaceplex -- not the company itself. Aside from Pignatiello, 50, of Coral Gables, Florida, the complaint cites two Long Islanders, John Fasano, 37, and James Manas, 44, for securities fraud. Unless you're looking for trouble, however, these earmarks of cheapo stocks at the very least should arouse heightened vigilance by investors. With their changing identities and sometimes dubious businesses of having no business at all, the penny stock field is frequently a portfolio accident waiting to happen. Name Droppers When the FBI, the U.S. Attorney, the Securities and Exchange Commission and NASD Regulation Inc. announced a sting operation on October 10 exposing illegal payoffs to stock brokers, the agencies released a list of small companies being rigged that belong in a primer on dangerous investing. Aside from Spaceplex, two companies named in the complaint -- Alpha Solarco and Continental Orinoco -- had announced reverse stock splits over the years. Command Credit, Churchill Technology Inc. and Grayhound Electric all were kicked off the Nasdaq or the Nasdaq Small-Cap Market, banished to less liquid trading arenas. Such downgradings occur frequently as penny issuers lose market capitalization or break the rules that govern public companies. And then, of course, there are the name changes, ubiquitous among penny stocks and a great smoke screen for preventing unwary investors from recognizing the names of problem companies. Ten of the 24 stocks named in the government's recent criminal complaint had undergone a nominal facelift in the past two years, including Crystal Broadcasting (formerly Roan American), Golf Ventures (formerly Sierra Technologies), Omap Holdings (formerly Logos International) and Debbie Reynolds Hotel & Casino (formerly Halter Venture). Pontus Industries, which changed its name to Continental Orinoco in May 1996, switched names yet again a month later to Conorco in an effort at ''improving its name recognition,'' a press release said at the time. Of course, who'd disagree that Conorco simply rolls right off the tongue? Dubious Distinction Penny stocks highest on the risk scale frequently have the distinction of being in the business of looking to become a business, and the FBI list doesn't want for examples. Omap Holdings, which in a September press release was crowing over ''the first of many future profitable acquisitions,'' has been anything but profitable -- at least for investors, who've watched the stock drop from $4.50 to 11 cents since early January. The government said that Edward Bland Williamson, 49, whose public relations and investment banking firm is listed as the contact on some of Omap's press releases, paid a brokerage firm for buying shares of Omap stock. Misha Mohr, who took a message for Williamson at his office at Williamson & Co. in Wichita, Kansas, on October 17, said ''he's not in this week.'' It was, no doubt, a bad week for Williamson, but he stands to be tougher than others accused of securities fraud. In 1969, he was sentenced to 15 years in prison for murder and robbery, though paroled two years later, according to records kept at the National Association of Securities Dealers. Investors don't always have the tools to know that a penny stock is being rigged, but companies frequently reveal the risk by the company they keep, and the desperation with which they promote their stocks. Princeton-American, whose chairman was charged in the sting, used the junk-mail circuit to tout its stock. As recently as mid- September, it mailed a flier to investors calling itself a ''major player'' in the $23 billion personal care marketplace. Despite the bullish promotion, the company has never shown a profit. A lawyer for Dale Eyman, 56, chairman, says ''I think ultimately my client will be found not culpable.'' Golf, Anyone? Golf Ventures, whose chairman was charged in the sting, sought out publicity through an investor ''magazine'' that cleverly promotes its corporate clients in what looks like journalism. (The same magazine, published by a Florida company called Corporate Relations Group, provided the mailing list for the Princeton-American promotion). Money World magazine touted the stock in ''Rumor Mill,'' its hot stocks column, a month after it signed the company on as a client. Jim Spratt, ''reporter'' on the column -- who also was listed as the public relations contact on Golf Venture press releases -- is a former stock broker who was fired by both his previous Wall Street employers and has 11 investor complaints on his record. Money World dropped Golf Ventures as a client in February after ''we smelled a rat,'' says Roberto Veitia, publisher of Money World. By that time, a column by Spratt in the April 1996 issue was already in the mail, calling for a move from $7.75 ''to $14-$16 in the next 60 days. In fact, the stock moved straight down to a low of 2 3/8 by April 19. In the next issue, Spratt said the stock should be sold. George Badger, 66, chairman of Leasing Technology Inc, which has a controlling interest in Golf Ventures, did not return a telephone call. Though investors can learn lots about the lowest priced stocks around without the benefit of hidden cameras and microphones, the FBI tapes can't hurt in understanding the way the penny stock world works. Consider, if you can stand it, a little conversation between an undercover ''broker'' who was being offered a bribe and the promoter who would be meeting with the broker's clients to tell the company story. ''Obviously don't tell 'em anything about what we have going on,'' the FBI ''broker'' told the promoter, according to the complaint. Replied the broker, according to the complaint, plainly offended at being taken for a novice at the game: ''I was a retail broker for nine years, Nick.'' When you're an old pro at taking the public to the cleaners, the rules are understood. -- Susan Antilla in the New York newsroom (212) 318-2359/fk

To: mormon_thomas_crown who wrote (23)	2/25/2000 3:32:00 AM
From: StockDung	Read Replies (1) \| Respond to of 460

1. FORM AND YEAR OF ORGANIZATION Courtleigh Capital, Inc., a Kansas corporation was first incorporatedunder the laws of the state of Colorado as ANCR, Inc. on July 30, 1985. On July23, 1987, ANCR, Inc. changed its name to CEA Lab, Inc. and on October 16, 1995reincorporated in the State of Kansas as CEA Lab, Inc. On September 12, 1997, itamended its articles to change its name to Courtleigh Capital, Inc. CourtleighCapital, Inc. commenced trading during December, 1998 under the symbol CTLH onthe Over the Counter/BulletinBoard. On February 2, 1999, Courtleigh Capital,Inc. changed its name to StockUp.com, Inc. StockUp.com, Inc. a Kansascorporation, formerly Courtleigh Capital, Inc. was reincorporated in the stateof Nevada utilizing the name StockUp.com, Inc. (the term the "Company" shallrefer to the surviving Nevada corporation). The Company changed its tradingsymbol to SKUP effective as of February 22, 1999. 2. ANY BANKRUPTCY, RECEIVERSHIP OR SIMILAR PROCEEDING. Not Applicable. 3. ANY MATERIAL RECLASSIFICATION, MERGER, CONSOLIDATION, ORPURCHASE OR SALE OF A SIGNIFICANT AMOUNT OF ASSETS NOT IN THE ORDINARY COURSE OFBUSINESS. On February 22, 1999 certain computer hardware and office furnitureassets, valued at $368,178 were acquired by the Company in exchange for 4.5million shares of the Company. StockUp.com, Inc. a Kansas corporation wasreincorporated in the state of Nevada, by merging StockUp.com, Inc., a Nevadacorporation with StockUp.com, Inc., a Kansas corporation. StockUp-Nevada is thesurviving entity.