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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Eagle who wrote (12338)	6/9/2003 3:51:01 PM
From: Bucky Katt	Read Replies (3) \| Respond to of 48463

You are welcome...ASTM another dross to pure 24k gold story...Big move today, blowing out the 52w high, again.. Nicey nice chart> stockcharts.com[h,a]daclyiay[pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G Cases of the scotch I previously mentioned would be welcomed (;->

To: Eagle who wrote (12338)	6/9/2003 8:44:43 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 48463

Reports Say Ebbers and Others Conspired in WorldCom Fraud By REBECCA BLUMENSTEIN and SUSAN PULLIAM Staff Reporters of THE WALL STREET JOURNAL Top management at WorldCom Inc., including Bernard J. Ebbers, and dozens of employees conspired together beginning in the late 1990s to carry out massive and systematic fraud at the company, according to the findings of two long-awaited external investigations released Monday. The reports describe how members of WorldCom's management worked to falsify nearly every financial result reported by the company, in an increasingly desperate bid to keep its sagging fortunes concealed from investors. The reports criticize not only top management, but also fault an utter breakdown in the cornerstone of the company's corporate-governance structure, including failures by its external and internal auditors, lawyers and board members to adequately play their role as gatekeepers. What emerges is a startling picture that contrasts with the initial image of the fraud as the brainchild of one top manager, Scott Sullivan, the company's former chief financial officer, and his immediate lieutenants. While the reports provide extensive detail about the pressure Mr. Sullivan placed on others -- handing out $10,000 checks, for instance, to at least seven employees involved in the fraud -- they build a case that many participated in deliberate and repeated steps, quarter after quarter, to fabricate WorldCom's results. If the conclusions of the reports are substantiated, both would provide a potential roadmap for prosecutors to bring criminal charges against other employees, particularly Mr. Ebbers, the company's founder and longtime chief who brought WorldCom seemingly out of nowhere to become one of the most celebrated executives of the stock market boom. WorldCom has been operating under bankruptcy protection since the fraud, which now tops $11 billion, was discovered last June. Much more> online.wsj.com