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To: CatLady who wrote (8043)	10/4/1998 12:37:00 AM
From: Jeffrey S. Mitchell	Respond to of 26163

OT: CatLady, some people think they are "safe" from this sort of blatant manipulation if they only invest in (timely) reporting companies. Hah! TPII, the company to which Ice Cube is referring, is a good example. These guys did a convertible debenture deal, allowed the holder to convert and run the stock up the day before they released news, and then held an upbeat conference call to tell investors how great things were and that they didn't foresee a need for any more dilutive financing. Investors bought it, started buying en masse; all the while the now former convertible holders were selling. Over the next 90 days the stock dripped back down and, finally, after the 10K came out, investors learned that TPII had done yet another convert a mere two days after the conference call. Oh, did I mention the CEO (also) has an offshore account? (g) (#reply-5714339) - Jeff