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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Ellen who wrote (53364)	12/24/1998 11:49:00 AM
From: H Peterson	Read Replies (2) \| Respond to of 55532

To all the diehards that have stuck with this tread, pro and con, I would like to wish all A Very Merry Christmas and a Happy New Year. May all our investments be more rewarding in the coming year. H Peterson

To: Ellen who wrote (53364)	12/28/1998 7:57:00 AM
From: Ellen	Respond to of 55532

techweb.com U.S. Officials Warn Of Stock Scams On The Web (12/21/98, 5:24 p.m. ET) By Reuters Beware of hucksters bearing gifts -- of cut-rate stocks and dubious investments over the Internet, the Federal Trade Commission and other regulators said Monday. In an effort to help investors avoid fishy investments touted in cyberspace, two U.S. agencies, two national associations, and 30 state regulators surfed more than 400 websites in November looking for questionable offers. Their conclusion: Investors are being hit up for investments in everything from foreign currency, films, and restaurants to "offshore" offerings and insurance policies cashed in by the terminally ill. Buyers should watch, in particular, for investments that are alleged to be pre-approved for investment retirement accounts (IRAs) or offshore investments that are supposedly tax-free, regulators said. And think twice about websites that ask investors to submit personal financial data online, officials said. "Claims that an investment is 'IRA approved' are a tip-off to a rip-off," said Jodie Bernstein, director of the FTC's Bureau of Consumer Protection. "No government organization 'approves' IRA investments." The Commodities Futures Trading Commission (CFTC) said it reviewed hundreds of websites as part of its "Surf Day" on November 12 and identified dozens to investigate. "These sites were promoting opportunities to invest in foreign currency and computer-trading systems," the CFTC said. "Such sites can dangle the promise of quick riches at little risk," the agency said in a statement. One website promoting low-priced over-the-counter stocks said that 1.2 visitors would begin visiting the website soon and, therefore, stock prices were guaranteed to rise, the CFTC said. The North American Securities Administrators Association (NASAA) said it collected 1,000 unsolicited e-mail investment offers that were made to investors. Roughly 40 percent touted securities, most of which were for eight over-the-counter stocks, the NASAA said. Investors, for example, could buy shares in a company that supposedly had solved year 2000 computer glitches 100 percent of the time, the NASAA said. And one restaurant chain said its revenues would grow 300 percent for fiscal 1997-98, CFTC said. In fact, six of the eight securities were trading below their recommended purchase price, NASAA said. Stock prices would have had to quadruple on average to meet bullish projections. "For stock fraudsters, the Internet has become an alternate distribution channel," the NASAA said. "Reaching people via e-mail is more efficient and much cheaper than contacting them the old-fashioned way, through telephone boiler rooms," it said. "Investors should treat junk e-mail with at least as much -- if not more --skepticism as junk mail or a cold call," said Philip Feigin, NASAA executive director.