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Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII) -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (4293)	6/25/2000 11:28:00 PM
From: dwlima	Read Replies (3) \| Respond to of 6039

MORE DIRT ON COII: I knew there were stock promoters behind this scam. Read and enjoy...more is coming. Also, you see that this news is from only one month ago. someone please post this on raging bull..i do not look use that board. e-Phoria Online Systems Inc - SEC fines Internet tout $35,000 (U.S.) 05/23/2000 Canada Stockwatch (c) Copyright 2000 Canjex Publishing Ltd. Also (U:DSFT) Also (U:PWTC) Also (U:COII) by Brent Mudry A Bellingham-based Internet tout who received more than $1.2-million in cash and shares to promote seven companies, including American Copper, now e-Phoria Online Systems, and Howe Street promoter Lee Balak's Power Technology, has been fined $35,000 in a consent settlement with the United States Securities and Exchange Commission. (All figures are in U.S. dollars.) Bellingham, in the state of Washington, is close to Vancouver. The SEC disclosed on Tuesday that Jason A. Greig and Liberty Capital Group have also agreed in a consent settlement to refrain from future violations of antitouting provisions of federal securities laws. The settlement order was issued April 28 by Chief Judge John Coughenour of the U.S District Court for the District of Washington. Mr. Greig and Liberty Capital were cited in October of 1998 by the SEC as part of a massive crackdown on Internet stock promotions. At the time, the regulator called its action "an unprecedented nationwide sweep" targeting touts for "committing fraud over the Internet and deceiving investors around the world." In a civil complaint filed in the sweep operation, the SEC alleged Mr. Greig touted 20 stocks on the OTC Bulletin Board, Canadian exchanges and the Nasdaq market from April of 1996 through April of 1998, without providing specific disclosure of compensation he received from client companies. The civil complaint focused on his touting of seven companies: American Copper, Computerized Thermal Imaging , Empire Capital, Delsoft Consulting, California Pro Sports and Power Technology. (American Copper was renamed e-Phoria last July, with no consolidation of capital.) The SEC notes that while Mr. Greig's Liberty Letter newsletter generally disclosed that Liberty received compensation from clients, it failed to provide full details, including the amount of compensation. "The Liberty Web-site only made a vague, general disclosure about the receipt of compensation, and also failed to disclose the existence of the agreements and any specifics on past or agreed upon compensation," states the SEC. (Readers wishing more details of the SEC's case may refer to a Streetwire dated Oct. 29, 1998, under the Canadian symbol ACC and the U.S. symbols PWTC, COII and DSFT.) (Details of another Power Technology promoter, Mr. Balak's long-time friend Brian Slobogian, the Eron Mortgage fugitive fraudster, are noted in Streetwires dated May 21, 1999, and Feb. 14, 2000, under the symbols BCSEC and PWTC.) e-Phoria Online Systems Inc EBM Shares issued 4,514,442 Mar 29 close $1.30 Tue 23 May 2000 Street Wire