To: TraderGreg who wrote (9455 ) 9/20/1998 8:19:00 PM From: Jorge Garza Read Replies (4) | Respond to
I have just decided to join this SI deal so that I may post my observations on this company, although I have been reading for a long time. My investment in CSMA has been a disaster. My average cost is over 1.50 per share. So I have taken a real hit on this stock along with many others, I am sure. The management of this company has obviously embarked upon a scheme to defraud the investors. It is easy to see from the press releases, that they have attempted to jack up the price of the stock with overimbelished press releases, and then not followed through on the deals because they never had any intent to do so. Why did they do this? I want to know. I suspect that they were selling stock the whole time. Where did they get the stock? Well, I would like to know that, but this is a non-reporting company with a Utah transfer agent, and there are many, many, past and present horror stories about these types of activities, in Utah, with non-reporting companies. I have never talked to this Elrod character, although I left over 20 messages, but have had talks with a Mike Millis, in California, who is a director, and I believe from my chats with him, that he is deeply involved in this fraudulaunt activity. He is a slippery character and knows how to dodge questions. I have also spoken to another person , by the name of Jon Roylance, another participant, whom I believe to be involved in the scheme. I was able to get his name and address through the transfer agent's secretary, and that took some sweet talking. There are several others, but am just now putting my notes together and will inform this board at a later date as to who may be additional parties to this fraud.
