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.

Microcap & Penny Stocks : Chester Holdings, Ltd. - CHES -- Ignore unavailable to you. Want to Upgrade?

To: Milk who wrote (76)	6/30/1998 2:41:00 PM
From: Milk	Read Replies (1) \| Respond to of 1174

Based on what I was able to find, I doubt that anyone would even want to use this company as a shell (well, maybe after they clean it up, and reverse-split it 1000:1): SEC v. CHESTER HOLDINGS, LTD., FORMERLY NAMED AQUA BUOY CORPORATION, JOSEPH PIGNATIELLO, CONSTANCE PIGNATIELLO AND CHRISTOPHER WERNER The Commission announced today the filing of a complaint in the United States District Court for the District of New Jersey against Chester Holdings, Ltd. (formerly named Aqua Buoy Corporation) (Aqua Buoy), Joseph Pignatiello, Constance Pignatiello, and Christopher Werner (Werner), alleging financial fraud and insider trading. The complaint alleges Defendants engaged in a financial fraud involving the dissemination of materially false and misleading information about Aqua Buoy and sales of company stock at inflated prices by Joseph Pignatiello, Constance Pignatiello, and Werner, who were officers and directors of Aqua Buoy and who knew the truth behind the false picture of the company presented to the public. gsionline.com It seems the same people who were officers of CHES, were also involved in the following: SECURITIES AND EXCHANGE COMMISSION v. JOSEPH PIGNATIELLO, JOHN FASANO, JAMES MANAS, ROBERT MARSIK, MARK PIERCE, PETER MAZZEO, and CONSTANCE PIGNATIELLO; United States District Court for the Southern District of New York; 97 Civ. 9303. SEC v. Pignatiello, et al. The Commission's complaint, filed in Manhattan, alleges as follows: From September 1995 through early 1996, defendant Joseph Pignatiello directed schemes to manipulate the markets for securities issued by Spaceplex Amusement Centers International Ltd, Inc. (Spaceplex), a Nevada corporation which operated a family amusement center in St. James, New York, and America's Coffee Cup, Inc. (ACC), a Colorado corporation that sold coffee through one supermarket chain in southern California. For both Spaceplex and ACC, Pignatiello was hired by senior management of these companies to manipulate the over-the-counter markets for the companies' common stock in anticipation of making secondary public offerings based on the artificially pumped-up markets for these securities. sec.gov Milk P.S. 'Heavy buying' can sure make this stock move, just remember someone will be left holding the bag JMHO