I guess stockdetective was wrong about these fine companies too?
Stinky Stock Roundup
Where are they now? Feb 26, 1999
The following table lists some of the companies which have been featured as "Stinky Stocks" on Stock Detective, and provides a quick update of these companies' latest shenanigans. Stock prices are as of the market close on Feb. 26, 1999.
Click the company name to view the original Stock Detective report.
Company Symbol Date Featured Price Current Price Change
Millionaire.com MLRE 12/30/98 $21.63 $8.50 -61%
Setting its sites on expansion, Millionaire.com issued 4.3 million shares of common stock in February to acquire yet another auction gallery. That increases the number of shares outstanding to 11 million, a 64 percent increase since December. Meanwhile, the principal at Millionaire.com's investor relations firm got slapped with sanctions last week in U.S. District Court in Orlando, Fl. Steve Samblis, president of Fortune Marketing & Capital Consultant, Inc., is being investigated by the SEC on whether he's complied with an injunction prohibiting him from violating the SEC's disclosure rules. Fortune Marketing is Millionaire.com's investor relations firm. On Feb. 19, there was a hearing on a motion to compel Samblis to produce documents relating to that investigation. The judge granted the motion and ordered Samblis to pay $1,677 in attorney's fees and costs for making the SEC file the motion. The motion would have been unnecessary if Samblis had turned over the documents on his own.
PinkMonkey.com PMKY 12/03/98 $13.50 $2.13 -84%
It's still not clear who bought the 500,000 shares of PinkMonkey stock in a 504 D offering that poured $1 million into the company's coffers last month. February's news was that PinkMonkey has hired a chief financial officer and general counsel, David M. Loev, a Texas attorney. The company still has not released any financial information, including sales figures to help investors determine where, exactly, PinkMonkey stands.
Great White Marine Recreation Inc. JAWS 10/29/98 $2.22 $1.69 -24%
Still no word on when the company's initial filing with the SEC will occur, but Great White continued its expansion in February, announcing new deals in Latin America that could add 20 dealerships annually to its network.
DNA Medical Technologies DNAT 08/31/98 $1.03 $0.30 -71%
After several months of silence, DNA Medical Technologies announced this month that its majority stockholder is selling out to a Utah firm, Human Medical Options International, Ltd. for an undisclosed sum. According to a press release, Don Washburn, president and CEO of Histotec, Inc., has signed a letter of intent and a sales contract. Histotec is the majority stockholder in DNAT. In August, the most recent date that information was available, there were 90 million shares of DNAT outstanding, according to a DNAT spokeswoman. And DNAT and HMO aren't strangers. Through, subsidiary of HMO, DNAT had previously signed a 20-year joint venture for the storage of DNA in Panama and other Latin American countries.
Rhombic Corp. NUKE 06/22/98 $0.94 $0.51 -46%
Shares were on a steady pump early in the month on virtually no news from the company. The message boards, however, have been abuzz with investors posting claims that Rhombic's investor relations contact is promising big news soon.
Platforms International PLFM 05/20/98 $0.92 $0.93 -1%
The company seems eager to wow investors at a symposium March 3, since it's been hyping the event with press releases and taking itself way too seriously with statements like: "This special event is being hosted for the benefit of select telecommunications and aerospace industry executives and members of the press. Attendance is by invitation only. RSVPs are required. Identification badges will be issued at the registration desk." Achtung, baby! But WHO will actually speak at the conference is a big secret, or maybe just a mystery. Not only does the agenda lack names, Platforms - which is predicting earnings of $3 million on revenues of $71 million this year - apparently won't even spring for lunch.
ProNet Link PNLK 05/15/98 $6.37 $1.56 -76%
Not much action this month except announcing an agreement with the Journal of Commerce that will give ProNet Link subscribers quick access to the trade industry publication's information.
Eventemp ETMP 05/06/98 $0.00 -100%
Delisted August 1998.
Zulu-tek ZULU 03/25/98 $5.40* $1.16 -79%
Zulu-tek's plans to break into e-commerce were detoured this month when the company it planned to acquire, BrandsForLess.com, decided to go solo and announced an initial public offering that could bring in $80 million. Zulu-tek will maintain an undisclosed minority investment in the online department store.
* price adjusted for 1-for-10 stock split effective Dec. 31, 1998
Saf-T-Lok LOCK 02/27/98 $3.66 $1.91 -48%
Aside from amending a form 8/K that detailed a previous Reg S stock offering to foreign investors, February was an uneventful month for Saf-T-Lok. But its share price has been inching up, possibly on the coattails of several recent jury verdicts holding gun manufacturers liable for some crimes committed with their products.
B.A.T. International BAAT 02/07/98 $1.63 $0.38 -77%
Insomnia sufferers take heart: Mexico's answer to Detroit is back to churning out press releases with headlines like "BAT Subsidiary, UFBC, Signs Agreement with TBM to Develop Algorithm for SEALER" and "BAT Subsidiary, SSPC, Forms Joint Venture with Anuvu to Manufacture Fuel Cell; Series of Zero Emission Runs in a Fuel Cell Powered Van Planned in Near Future." Whether the company is actually accomplishing any of its stated goals is not clear. However, a recent write-up in the San Diego Union Tribune should give investors a better idea of who B.A.T. prez Joe LaStella really is.
CopyTele COPY 02/06/98 $2.25 $1.53 -32%
This zombie just keeps wandering along, with no sales and continued losses after more than 25 years in business.
Keystone Energy KESE 11/25/97 $8.03 $0.26 -97%
Hobbling along and still trying to convince investors it's a viable energy broker, Keystone had little to say in February besides announcing a new software system for interfacing with utility companies.
Redox Technologies RDOX 09/10/97 $3.16 $0.80 -75%
Another entry in the "gaining ground for no apparent reason" category. Shares in Redox were up 44 percent by month's end. Why is anyone's guess.
Say Yes Foods SYES 07/29/97 $3.75 $0.10 -97%
Still awaiting the widespread market success of its product, shares in Say Yes Foods continue to drift toward zero. Just a tiny bit of insider trading (registration of 25,000 shares of 144 restricted stock valued at $2,750) is all the news to report on this curdled company.
Zitel Corp. ZITL 07/10/97 $21.13 $2.84 -87%
No news besides a slew of hyped up press releases from a company that's making little headway with its products that address the Y2K computer problem. Oh, is that the window of opportunity we hear slamming shut?
Galaxy Foods GAXCD 06/03/97 $5.67* $4.58 -19%
Spared from delisting from the Nasdaq by a brief grace period, Galaxy quickly engineered a reverse split to pump its bid price back up above $1. The 1-for-7 reverse split took effect Feb. 12, just before the company's temporary exemption from the listing requirements was set to expire. Since then, shares have been trading above $4, bumping up as high as $7.25. Whether this can be sustained is not clear. The company's ticker symbol is temporarily changed to GAXCD.
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