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Strategies & Market Trends : Whodunit? CHST CREATIVE HOST SVCS market manipulation -- Ignore unavailable to you. Want to Upgrade?

To: CaptainSEC who wrote (165)	11/3/2000 12:11:52 AM
From: StockDung	Read Replies (1) \| Respond to of 193

Did you know that a Scott Olson works at Schneider Securities? Wonder if he is releated to Dave? Subject 34868 David C. Olson, president of Summit Financial Relations, Englewood, Colo., which also had been hired by Creative Host to promote its stock, denies being involved with the anonymous report. Mr. Olson says Summit isn't working for the company anymore. However, he says Creative Host's stock is "overvalued." "No one ever expected it would do anything like this, although there are opportunities out there for the company," he says. Mr. Olson acknowledges that he has benefited from the stock's rise, saying that he sold some his shares two weeks ago as the stock rallied. He says he won't sell any more shares until the company can figure out why the stock is moving like it has. Mr. Olson filed to sell over 35,000 shares he has received at prices ranging from 1 3/8 to 3 7/8 as compensation for "financial and consulting services" to the company. Additionally, he registered 120,000 warrants that give him the right to buy the stock at 1 3/8, which he received in exchange for helping the company raise $3 million in late 1998. Mr. Olson is one of many Creative Host Services shareholders who has filed to sell stock. According to a March company filing, investors have filed to sell up to 1.7 million shares that they acquired last year through a private placement or a convertible note offering at prices ranging from 80 cents to 2 5/8 to per share. Mr. Ali says he doesn't know if these investors are in fact selling, or if any are behind the newsletter.

To: CaptainSEC who wrote (165)	11/3/2000 2:39:54 PM
From: StockDung	Respond to of 193

CHST old ir-->Continental Capital's Manion Sentenced to 15 Months for Fraud By David Evans New York, Sept. 24 (Bloomberg) -- John Manion, owner of Continental Capital & Equity Corp., a Florida-based financial public relations company, received a 15-month federal prison sentence and a $100,000 fine for cheating investors of a client company, Legend Sports Inc., between 1995 and 1998. Manion was sentenced Friday in U.S. District Court in Brooklyn, New York, by Judge Nina Gershon. Manion, 52, of Longwood, Florida, still faces criminal charges in Florida in connection with the Legend Sports fraud. His attorney, Sean O'Shea, didn't return telephone calls seeking comment. Manion founded Continental in 1992. Some publicly traded companies, like Legend Sports, paid Continental to write and distribute favorable articles about them to investors on its Web site, www.insidewallstreet.com, and in newsletters with the same name. Continental says its 1999 profits exceeded $3 million. Legend Sports, which developed and operated golf facilities in Central Florida, raised $18 million from investors between from 1994 to 1996. The Securities and Exchange Commission halted trading in the shares after alleging the company operated as a Ponzi scheme, using money from new investors to pay returns to earlier investors. On July 21, Manion settled unrelated insider trading charges filed by the SEC by agreeing to pay $40,186 and not commit securities fraud in the future. He didn't admit wrongdoing in that case, in which he was accused of illegally trading shares of Bio- Dental Technologies Corp. before it was acquired by his client Zila Inc. of Phoenix, Arizona, in 1997. In 1996, Manion and Continental settled SEC fraud charges relating to their public relations work for First Entertainment Corp., a movie producer, in 1992 and 1993. Neither Manion nor Continental admitted wrongdoing. The SEC alleged that Continental distributed 400,000 copies of its 'Inside Wall Street' newsletter touting First Entertainment's stock without disclosing that Continental was paid in shares worth more than $700,000 to write the reports. Manion and Continental agreed not to commit securities fraud in the future. When Manion resigned as president of Continental on July 14, the company said he would sell Continental to its employees within two weeks. Manion still owns Continental, said Dodi Handy, chief operating officer, in an interview Friday. Dodi said she expects the sale to be completed over the next 30 days. Continental filed a registration statement with the SEC to sell one-third of the company to the public in 1998 for $14 million, shortly before Manion was charged with criminal securities fraud in Brooklyn. It never completed its initial public offering. Continental has more than 30 corporate clients, including New Visual Entertainment Inc., Creative Host Inc. of San Diego, and Clearworks.net Inc., a fiber-optic network operator based in Houston.