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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: GOLDIGER who wrote (28687)	11/29/1997 9:37:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 35569

GOLDIGER; It has been done with other companies. Years ago there was a promoter who went to jail for actually printing shares and selling them in Europe of a noted Canadian Company. It was done in 1972-3 and the lawsuits are still percolating through appeals etc. It is harder now with faxes and other tech, and people do not trust certs the way they sued to. Any high resolution Color Xerox, some cert paper and some heat fuse powder to sprinkle on the surface to puff up the print can make passable certs these days. If you take certs to a broker he checks them first, and then sells them. There was a scandal a few years ago where 500 million $ of cancelled bonds, never got to the shredder. Instead they were pledged as loans security, at 40-50% of face for Mafia front companies. They took the 40-50% and ran, and when the lending banks tried to realize on the bonds they were told those hade been redeemed and cancelled. The banks produced them. Lawsuits are still going on that one too. On the face the bonds are good. The transfer agent had them to cancel upon redemption, and let the get stolen. Now everyone check all paper first, and then lends the $$ Bill