Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (5212)	11/11/2002 12:44:10 PM
From: StockDung	Respond to of 6847

FOR A FEE, MADISON AND WALL WORLDWIDE WILL PAY ONLINE PENNY STOCK TOUTING NEWSLETTER ON YOUR COMPANIES BEHALF TO HYPE YOUR COMPANIES FRAUDULENT STOCK PROMOTION. The TheStockAdvisor is an independent electronic publication providing information on selected public companies. Some companies profiled by TheStockAdvisor pay consideration to TheStockAdvisor for the electronic dissemination of company information and/or web site development. TheStockAdvisor makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure of the profiled companies. Continental Capital & Equity Corporation has agreed to compensate TheStockAdvisor $25,000 in eSat stock to disseminate company information for eSat, Inc. over a period of one year. Outlook Sports Technology Inc. has agreed to compensate TheStockAdvisor with $33,000 in a stock/cash transaction to disseminate company information over a period of one year. ================================================ Cautionary Tale Of A Little Stock And Big Losses Small eSat Inc. appears to be the familiar tale of Internet stocks, which rocketed in price on favorable news only to come back to earth after some of that news' accuracy was questioned. The tale of eSat underlies how hard it can be for investors to track some companies' financial prospects, and to discern the financial backing of some fledgling Internet firms. At the heart of the eSat story is a convicted drug dealer and con man named Regis Possino, whose name has shown up in numerous court regulatory filings and other documents as a consultant and shareholder in numerous companies. Recently, the SEC has been inquiring into Mr. Possino's current activities, and Idaho securities regulators have obtained a judgment against a company that they say was owned by Mr. Possino. In that suit, regulators said Mr. Possino's company and one of its salesmen misled investors in the selling of two issues that produced over $150,000 in losses for the purchasers. Among other things, the salesmen failed to disclose that Mr. Possino owned the company and that one of the stocks was already under a SEC manipulation lawsuit. ESat signed a deal in Sept. 1998 with one of Mr. Possino's firms, and later corporate entities bought five million shares of the company. By January 1999, the company's shares had skyrocketed on the OTC Bulletin Board, aided by news the company had a close association with Lucent Technologies Inc. When several months later this was proven false, investors were angry, and the stock slid. Mr. Possino was nowhere shown to be associated with the company.