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Microcap & Penny Stocks : PennyStockPicks -- Ignore unavailable to you. Want to Upgrade?

To: Ed Silverstein who wrote (3)	9/4/1998 8:48:00 AM
From: taz man	Respond to of 8

they are all a bunch of crooks. Especially if they e-mail you free information and "hot picks" that they send out to tens of thousands of other suckers. I got some penny stock pickers sending me a Yellow light status, green light status....... every few weeks on stocks they are hypeing. they try to pump the thing up and not let you know exactly what the stock is for a wek or so then on a Monday morning they let out the big news. For a few hundred dollars a month they will sell you their "HOT" picks a feww days early so you can get on board with them before they tell everyone else on the e-mail list. (what a deal) I dont touch anything they hype. Most of thses guys have a very big vested interest in all the stocks they recommend and are usually paid in shares of the stock they are hypeing. I would love to be paid a few million shares of some dog then e-mail out bogus information saying it will be going to the moon in the next few weeks. Everyone on my e-mail list buys my stock as it rises , and I sell all of my millions of shares into the market as it rises, maybe it even doubles or tripples before it runs out of steam. then I have the nerve to have a "track record" on how well the picks have done over the past few months to prove to everyone that my picks actually have gone up, if only for a few minutes. I have not checked out the site you mentioned yet, and I know nothing about the penny stock-com you are mentioning, but if they do any or all of the things like the one I get in the e-mail , stay away from them

To: Ed Silverstein who wrote (3)	9/4/1998 12:32:00 PM
From: WhipsawMcGraw	Read Replies (1) \| Respond to of 8

Let me explain how this works. Let us pretend I am an attorney with bulletin board shells. These shells cost me $250,000 each. You come to me and say you have an idea for a company you want to take public. I can then raise you 1 million dollars for 1 million shares. The company however has 20 million shares available. As the attorney I take 10% of these deals. So, 1 million shares is sold to the public. However the attorney owns 2 million shares and controls twice the float. Keep in mind that the company does not own any assets, just the 1 million dollars. Since this is your idea I will give you 10 million shares because you are the CEO. This stock is restricted for 2 years but the attorney is only restricted for 1 year. Next, the company is non reporting, which means that the company does not have to release earnings for what the company is doing in general. I could be a bio-firm that buys a house in San Diego and a bar in town. This is legal and acceptable. Now for the news letter. George Schleiben is paid 2-3 thousand shares per month for promoting the stock. Keep in mind, this is nothing because the company has 20 million shares available. So George then sells the stock each month and dilutes the current shareholders. Ask George if he has ever sold 1 share of a company that he is still promoting. He has done it for everyone. Stock promoters are legal con man that make lots of money. I work for an investment advisory firm that is conservative. Day after day we hear about these penny stocks that are going to be huge movers. I have yet to see one. Stay away from these companies.