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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (397)	6/6/1998 5:59:00 AM
From: tshane	Respond to of 684

If you have a way to short bulletin board stocks can you share it with the rest of us? It certainly would come in handy. One of your tenets on the "Profits of Doom" thread is to flush out and short "products based on pseudoscience or bad science". I assume that you follow these tenets yourself. Can you supply me some logical and factual reasons why Veronex will go to pennies? Also, if Veronex makes it off the bulletin boards as planned I will be happy to let you know so you can short it and then hopefully you can discuss it on your Doom thread so I can know at what price you have recommended shorting it. Thanks and good investing.

To: Bill Wexler who wrote (397)	6/10/1998 9:16:00 AM
From: Hoatzin	Read Replies (2) \| Respond to of 684

From "The Red Light District", a list of potential "Stink Stocks" at Stockdetective: stockdetective.com Veronex Technologies Inc. (OTCBB: VXTK) is just another face in the growing field of companies claiming to have THE answer to the world's Year 2000 computer glitch. However, Veronex doesn't appear to have any proven product, but claims that its program is a one-stop quick fix for most large corporations with COBOL-based systems. Another warning sign to investors is the company's stock price. After an apparently successful mini-pump in April, when shares rose to almost $16, the price dropped by almost two-thirds in less than three weeks. Now the stock appears to be on the rise again, luring a fresh batch of investors. None of this is lost on long-time penny stock fans who will remember Veronex as a heavily promoted penny mining stock. Perhaps they're betting Y2K solutions are the next fool's gold. An added note: In February, Veronex proudly announced a licensing agreement with Venture Tech 2000, a California computer company. Last week, Venture Tech 2000 was raided by investigators based on an affidavit claiming that Venture Tech 2000 lied to investors and sold unregistered securities, according to a story in the L.A. Times. Nor is it likely Veronex did much due diligence on its prospective partner, or they would have known how unlikely it is they'd ever get paid. According to investigators, the company had only $2,000 in assets.