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Microcap & Penny Stocks : UPCA - Uniprime Capital Acceptance, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (625)	7/10/2000 7:08:16 PM
From: EL KABONG!!!	Respond to of 640

Jeff, It is not just the lies in the press releases investigators are looking at. It is who profited from the scam. Just as the government was about to halt trading on the stock, a number of investors cashed in, dumping their Uniprime shares at a high price, sending the stock into a free fall. It is what’s known as a pump-and-dump scheme. I wonder if this is a hint that the SEC will go after the so called "little guys" who profited by selling into their own touting posts. By "little guys", I mean the Internet posters that were touting this garbage even though they themselves were not insiders or owners of discounted shares or paid promoters. I'd like to call them unpaid promoters with self-serving interests. Another thing that comes to mind is that (if I remember correctly), UPCA was literally shut down by the state of Nevada because insiders were selling shares out of Uniprime's back door (I think those were the exact words, or else very close). To me, that means that insiders profited (albeit indirectly), even though Uniprime the corporation may itself may have been the actual seller. KJC

To: Jeffrey S. Mitchell who wrote (625)	7/15/2000 6:11:04 PM
From: RocketMan	Respond to of 640

I'm disappointed they did not interview or even mention Ben. I can only hope he's OK.

To: Jeffrey S. Mitchell who wrote (625)	12/21/2000 6:31:29 PM
From: Arcane Lore	Read Replies (1) \| Respond to of 640

Thanks to the RB poster you_done_did_it for spotting the following Reuters story: Thursday December 21, 5:43 pm Eastern Time Felon admits lying about AIDS cure in press releases NEW YORK, Dec 21 (Reuters) - The president of New Technologies & Concepts, a unit of Uniprime Capital Acceptance (OTC BB:UPCA.OB - news), pleaded guilty on Thursday to securities fraud for issuing press releases last year that falsely claimed his Las Vegas company had developed a cure for Acquired Immune Deficiency Syndrome, or AIDS. Alfred Flores, 50, admitted during his plea hearing that not only was the AIDS cure claim false, but that he had been in prison for conspiracy to commit murder at the time the release said he was conducting research and testing the drug on patients. The three false press releases issued in June and July of 1999 caused the stock of Uniprime Capital to jump sharply from 62 cents a share to a peak of $7.93 a share on the over-the-counter Bulletin Board market. After it became known the press releases were fraudulent, Uniprime's stock price fell dramatically. Its shares now trade for less than one cent a share. The New Technologies press releases had touted Flores' background and his development of the supposed AIDS cure called ``Plasma Plus.'' The releases said Flores, an honors graduate of University of Madrid, had been doing research for the past 15 years at his own laboratory in Portugal. The releases also said that during 1990 Flores had conducted tests on patients in Madrid that resulted in a complete reversal of the patients' HIV infections ``with no reintroduction of the virus after a period of almost 18 months.'' However, Flores admitted that not only had he never attended the University of Madrid, but during 1983 to September 1992 when he was supposedly conducting immunology research and testing Plasma Plus on patients, he was incarcerated in Colorado following his conspiracy conviction. Flores, who is scheduled to be sentenced in Manhattan federal court on April 6, faces a possible maximum sentence of 10 years in prison and a $1 million fine. biz.yahoo.com

To: Jeffrey S. Mitchell who wrote (625)	12/22/2000 10:28:57 AM
From: StockDung	Read Replies (1) \| Respond to of 640

Felon admits lying about AIDS cure in press releases NEW YORK, Dec 21 (Reuters) - The president of New Technologies & Concepts, a unit of Uniprime Capital Acceptance <UPCA.OB>, pleaded guilty on Thursday to securities fraud for issuing press releases last year that falsely claimed his Las Vegas company had developed a cure for Acquired Immune Deficiency Syndrome, or AIDS. Alfred Flores, 50, admitted during his plea hearing that not only was the AIDS cure claim false, but that he had been in prison for conspiracy to commit murder at the time the release said he was conducting research and testing the drug on patients. The three false press releases issued in June and July of 1999 caused the stock of Uniprime Capital to jump sharply from 62 cents a share to a peak of $7.93 a share on the over-the-counter Bulletin Board market. After it became known the press releases were fraudulent, Uniprime's stock price fell dramatically. Its shares now trade for less than one cent a share. The New Technologies press releases had touted Flores' background and his development of the supposed AIDS cure called "Plasma Plus." The releases said Flores, an honors graduate of University of Madrid, had been doing research for the past 15 years at his own laboratory in Portugal. The releases also said that during 1990 Flores had conducted tests on patients in Madrid that resulted in a complete reversal of the patients' HIV infections "with no reintroduction of the virus after a period of almost 18 months." However, Flores admitted that not only had he never attended the University of Madrid, but during 1983 to September 1992 when he was supposedly conducting immunology research and testing Plasma Plus on patients, he was incarcerated in Colorado following his conspiracy conviction. Flores, who is scheduled to be sentenced in Manhattan federal court on April 6, faces a possible maximum sentence of 10 years in prison and a $1 million fine. 18:53 12-21-00 mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm