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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: M. M. Jones who wrote (4469)	10/28/1998 10:46:00 AM
From: Hunter Vann	Respond to of 4736

mortgaged their own homes I'm guessing most rent...

To: M. M. Jones who wrote (4469)	10/28/1998 2:28:00 PM
From: Hunter Vann	Respond to of 4736

*News...News...News...* Folks, I thought you all might be interested in this... THE AGENCY's 23 enforcement actions filed across the country involve fraudulent dealings in junk e-mail known as “spam,” online newsletters, message board postings and Web sites, the SEC said. The defendants, in touting the cheaply priced securities of more than 235 small companies known as microcaps, violated federal securities laws either by lying about the companies, lying about their own independence from the companies, and/or failing to reveal adequately how they were compensated by the companies, the SEC said. The SEC says the targeted groups allegedly claimed they were providing unbiased opinions in their recommendations but failed to disclose that they got more than $6.3 million and nearly two million shares of cheap insider stock and options in exchange for their promotional efforts. Companies named in the probe include Future Superstock, StockstoWatch.com, Princeton Research and Global Penny Stocks. Richard Walker, the top enforcement official at the SEC, said Future Superstock is a “poster child” for the sweep. The SEC complaint alleges that the online firm touted 25 issuers to over 100,000 subscribers. In turn, Future Superstock is alleged to have earned $1.2 million in cash and stock from the issuers. The online firm claimed it performed research with respect to the securities that were recommended. The SEC disputes that claim. The bold company is one that was involved with Tridon Enterprises... Very very interesting