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Microcap & Penny Stocks : GTCI - get in before the news hits -- Ignore unavailable to you. Want to Upgrade?

To: Bobcat who wrote (972)	2/26/1999 8:41:00 AM
From: ztect	Respond to of 1541

Bobcat, woke up this morning and got a good laugh..... Seems like all these jokers don't want to explain where these earnings come from. They'd rather tossed about silly statements and make personal attacks...... All the attacks and off topic conversation doesn't diminish the the perception that WSRG's claims paid for by GTCI can not substantiate where these $0.69 EPS are coming from in 1999. Good thing that that the OTC is going to make OTC companies become reporting, so companies such as these can't make claims like these w/o backing them up with real numbers. Anyway, all these goof balls on this thread are getting so ridiculous now, they aren't even worth responding to anymore. Sincerely, ztect

To: Bobcat who wrote (972)	2/26/1999 8:54:00 AM
From: Tim Callaghan	Read Replies (1) \| Respond to of 1541

Bobcat, You know what? I think David Hite was right on when he said that you and Ztech are the same person -- except he failed to realize that you are the moronic manifestation of Ztech's libido! I guess you have not a clue what PPP(purchasing power parody) means when it comes to disposable income.(Duh...). All these companies that are doing business selling their goods and services and all the other ones that are trying to break into the Chinese markets must be idiots if nobody can afford to buy anything.....dude!!! Thank God people are not gullible enough to listen to the kind of bs you propagate, otherwise there would probably be three companies in this world..GE, MICROSOFT, and PHILLIP MORRIS perhaps!!

To: Bobcat who wrote (972)	2/26/1999 9:32:00 AM
From: ztect	Read Replies (1) \| Respond to of 1541

Bobcat...........INTERESTING READ............... msnbc.com THE HALT followed an MSNBC.com story (Jan. 27, 1999) that exposed the hidden role of a disbarred former stockbroker in promoting the companies via bogus press releases. The letter writer was one of more than a hundred anxious investors who sent me e-mails seeking advice on how to get their money back — or at least mitigate the damage — from having invested in these essentially worthless shares in the first place. Losses ranged from a few hundred dollars to — as in the above-referenced case — nearly $20,000… and in some instances even more than that. RISKY BUSINESS Yet the larger issue is the risk that investors face when putting their money into any OTC bulletin board stock. There are more than 6,000 such stocks, comprising the sub-basement of investing. Virtually all became publicly traded via SEC filing loopholes that permit companies to sell small amounts of stock (less than $1 million) to the public without having to file offering registration statements. [No wonder why no one has seen a 15c211] In fact, that $1 million “cap” is a meaningless protection when it comes to scamming the public since stock promoters long ago realized how to “game the system.” You start by having a promoter create a penny stock company with $10,000 of paid-in capital, taking back stock at one cent per share. This results in one million shares of publicly tradable stock, all of it held by the promoter. Then the promoter will sell his shares to a businessman who wants to merge his privately-owned company (which may not be worth much of anything) into the penny stock shell and thereby “go public” without all that annoying business of having to file audited financial statements. By this route, huge numbers of worthless companies have taken the back door into the public market and now have their shares publicly quoted trade-by-trade, tick-by-tick on the OTC bulletin board. Charlatans and scamsters abound in the market, and so do organized crime types. All are attracted to the opportunities presented by getting to sell stock to the public without having to provide financial details of the business to anyone. The risk that ordinary investors face in this market is something that most never realize until it is too late. That high-flying Bulletin Board stock they bought a week ago for $5, and which is now being quoted at $20, may already be the focus of a secret SEC fraud investigation that will result in a trading suspension tomorrow. Result: that $20 high-flier will go instantly from $20 to zero, and stay there for as long as the trading suspension remains in force. Worse, no investor can be sure whether the stock will regain even a fraction of its pre-suspension value when trading resumes — if it ever does. FIVE NEW SCARY STOCKS That's the nightmare now facing investors in five different Bulletin Board stocks, all of which have been hit with trading suspensions by the SEC in recent days. The stocks — Golden Mountain Inc., Metro Match Inc., CPR Corp., Redwing Inc. and Shebolt International Inc. — all had two things (and two only) in common: First, they were Bulletin Board non-filers with no publicly disclosed financial statements. And second, they had been hyped to prices that approached $20 per share as a result of vaguely worded press releases dripping with outlandish claims. Thus, on Jan. 15 a press release appeared stating that Shebolt had “completed the first stage of its global acquisition program, having successfully acquired six companies in the hi-tech Electronics and Software Sector.” The language was almost word-for-word identical to press releases issuing forth at about the same time for the other four companies in the group. None of the press releases gave the names of any planned merger partners, or other similarly basic details. All the press releases carried the name of a British-based company — VenGua Investor Relations — as the author of the documents. But when U.S. officials contacted that outfit they were reportedly told that VenGua was simply distributing information provided by its clients, and knew nothing beyond what was in the releases. That seems to have been enough for the SEC to halt trading in the shares while it investigates the matter more deeply. In the meantime, stockholders in the five companies have become Bulletin Board “stuckholders” — stuck with shares that in some cases cost as much as $19 each, but which now cannot be legally sold at any price. And just because a trading suspension ends (most last 10 business days) doesn't mean a company's problems disappear. When the SEC halted trading in Citron Inc. for 10 days on Jan. 29 the stock had touched a high only three days earlier of $42 per share. The stock began trading again on Feb. 12 and is today selling for about $2.50 per share. Meanwhile, SEC investigators used the suspension period to probe Citron's ties to a disbarred former stockbroker, Peter C. Tosto, who had masterminded a campaign of misleading press releases that helped pump up the value of Citron and several other Bulletin Board companies. As a result of that investigation, the SEC filed suit in federal court in New York last week against an offshore investment company: Glittergrove Investments Ltd. The suit charged that Glittergrove had participated with Tosto and others in selling nearly $3 million worth of unregistered shares in Citron and another company, then had begun sneaking the proceeds out of the country and into offshore accounts. Clearly, more is still to come out regarding Citron Inc. and the other companies in the ring, meaning that any investor still holding shares in the companies cannot be sure, from one moment to the next, whether another deluge of bad news will rain down on their holdings all over again. The only way to avoid this risk? Stay away from all Bulletin Board stocks — far, far away.