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Microcap & Penny Stocks : Financial Shenanigans: Stocks Looking for a Fall -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (32)	5/14/1998 11:13:00 AM
From: Barbara Barry	Respond to of 108

Rainer, Thanks. Here's one of my horror stories that cost me about $15k.One tech company I held backdated a contract to boost revenues for that quarter.That sort of thing usually requires investigations of previous quarters.....NOT GOOD! I was in contact with the cfo etc. and felt a good rapport.She was a scapegoat.The Pres also resigned and the stock is at $1!!I guess to really be safe you have to call the clients a company claims to do business will to understand the terms.And I have done this on occasion after learning the hard way.Smaller and sometimes more "desperate" companies can make some pretty scarey payment terms just to get in the game.When things backfire.....they just do a reg s and the shareholders get screwed.

To: HeyRainier who wrote (32)	5/14/1998 1:19:00 PM
From: Pam Wooten	Read Replies (2) \| Respond to of 108

Greetings Rainier, I am fairly new to SI but have enjoyed "Rational Analyst" as well as this new "Shenanigans". This may be premature to look forward as I am looking forward to learning from all who post here, but I took a look on SEC 10k filings for May 12 1998. One caught my eye Informix, IFMX...and it appears to be an eye opener, albeit mostly old news. 10K had something for everyone including stock options which have been repriced for employees; restatement of past earnings; possible delisting from NASDAQ. Although stock is currently trading at 8 5/16 the annual low of 4 looks more like it. If you have a chance to take a peak, your opinion would be greatly valued. sec.gov Regards, Pam