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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (8445)	5/12/1999 9:07:00 AM
From: Mama Bear	Respond to of 18998

Mr. Pink, Dee Jay was one of the foolish MRVC faithful. Barb

To: Mr. Pink who wrote (8445)	5/12/1999 9:21:00 AM
From: Dale Baker	Respond to of 18998

If you care to forward that to the Webmistress, Dee Jay will probably receive a personal orientation to SI's Terms of Use and temporary suspension policy.

To: Mr. Pink who wrote (8445)	5/12/1999 10:19:00 AM
From: Pluvia	Read Replies (4) \| Respond to of 18998

* The $100 Million Financing Scam * The $100 Million Dollar Financing scam works like this... *STEP 1 - CREATING $100 MILLION FROM $25k* 1. Have a a group of scumbag promoters form a pennystock shell - lets call it Scamco Inc. Scamco Inc. is organized with 100 million shares outstanding, all owned by the scumbag promoters and their nominees - lets call them the 'players'. Basically Scamco Inc. is a pennystock boxjob. The 'players' then get Scamco Inc. trading for $1 per share. This is not hard, because there are no real public shareholders in Scamco. Inc. only the 'players'. The players pay a market maker to file with the NASD and the maket maker puts up a bid of $1, offer of $10 for Scamco.inc, although no stock trades. The market cap of Scamco Inc. is now $100 million. The players of Scamco Inc. 'donate' Scamco to Life Foundation Truss, (lets call them LF Truss for short), thus making Scamco Inc. the property of LF Truss, and giving LF Truss the right to claim their assets are worth $100 million. In reality the penny stock is worth the $25k it cost to organize the company - that's about it. But because of the identifiable market cap due to the trading value of the stock, (even though the stock really does not trade), LF Truss is able to carry the company on it's books at a $100 million value. Add 10 companies like that to LF Truss and LF Truss is able to claim 1 billion in assets... Is this starting to sound familiar? 2. *STEP 2 - SCAMMING THE PUBLIC OUT OF 100 MILLION* Next, LF Truss makes an agreement in principal to transfer investment securities to HurtsGalore.com - a public company, in exchange for 4 million shares of HurtsGalore.com restricted common stock that the LF Truss will hold under a lock-up agreement. The lock-up agreement forces LF Truss to hold the stock for 10 days before they are allowed to sell the 4 million shares. *STEP 3 - THE BAIT* HurtsGalore.com issues a press release announcing the $100 million equity investment by LF Truss and sucker investors drive the price of Scamco Inc. to $21 - fueled by Scamco Inc. players who post on stock boards that the stock is a buy - going to $50, bla bla bla... Instead of holding the stock, LF Truss 'players' short HurtsGalore.com stock in offshore accounts so they can capitalize on the recent price increase in HurtsGalore.com stock caused by the press release which the investing public think means 100 million of cash is going to be placed into HurtsGalore.com.... Meanwhile Scamco Inc. 'players' are selling stock for $20 that they purchased for less than one penny. LF Truss is also selling. They're selling their 4 million shares for as much as they can get, allowing them to cash in the $4 million shares for between $50 and $100 million dollars. Keep in mind LF Truss traded a $25k public shell for what now has become $50-100 million CASH. Silly investors buy HurtsGalore.com stock because they read the HurtsGalore.com press releases and listen to the HurtsGalore.com 'players' who are hyping HurtsGalore.com stock on various stock boards as now being worth $25/share, because LF Truss traded 4 million HurtsGalore.com shares for 100 million. Unfortunately, the investing public does not know LF Truss really traded a penny stock shell - worth about $25k for 4 million shares of HurtsGalore.com stock. One year after this event takes place, the LF Truss and HurtsGalore.com 'players' now each have new houses in 5 different countries, and have new cars filling the 4 car garages of each house. HurtsGalore.com stock now trades for $.14-18 as the company spent all of its working capital on salaries and consulting fees - paid to the players in this scam. BUYER BEWARE...

To: Mr. Pink who wrote (8445)	5/12/1999 12:28:00 PM
From: Dee Jay	Read Replies (1) \| Respond to of 18998

Disturbing? Threatening? You may be disturbed by reading about the SEC nailing a scammer (why you'd be disturbed is an open question) but threatening? Paranoia getting to you or are they truly after you? Dee Jay

To: Mr. Pink who wrote (8445)	5/12/1999 10:50:00 PM
From: Mad2	Read Replies (1) \| Respond to of 18998

Dear Mr. P(nk, You post from Dee Jay contained a link to a budding scum artist by the name of Larry Stockett. Larry appeared to be the energy behind to POS BB Co's that have since fallen from grace SNCG and HTEH. Larry appears to have another work of art in progress involving reverse merger and pending symbol change as a way to avoid the past and those nasty filing requirements. Larry's new project trades under the symbol BCMDD and as it appears to be a work in progress doesn't yet represent a short opportunity IMO. Pending Larry's efforts this one may warrant keeping an eye on for future potential should it make it off the launch pad. Below is in Larry's own words documentation of some past accomplishments Copyright 1998 PR Newswire Association, Inc. PR Newswire February 27, 1998, Friday SECTION: Financial News DISTRIBUTION: TO BUSINESS EDITOR LENGTH: 507 words HEADLINE: Hightec and Sinclaire Group Hearing Held DATELINE: SAN FRANCISCO, Feb. 27 BODY: The following is being issued by Larry Stockett, President of Hightec, Inc., and Sinclare Group, Inc.: Larry Stockett, President of Hightec, Inc., (OTC Bulletin Board: HTEH), and Sinclare Group, Inc. (OTC Bulletin Board: SNCG) announced today the public hearing disclosed in the Wall Street Journal on August 26, 1997 was held February 23-26th in New York. The SEC alleged that Stockett, along with Javed Latef and the Hudson Advisors, Inc., and the Hudson Investors Management, Inc. had violated the Investment Advisors Act and the Investment Company Act by providing recommendations to the Hudson Investors Fund, a registered mutual fund in which Mr. Latef is the registered investment advisor. The SEC complaint also alleged that the Fund was controlled by secret agreements between Mr. Stockett and the Fund and that the Fund purchased stocks, including Hightec and Sinclare Group, Inc. in which Mr. Stockett had an ownership interest. According to Stockett, the agreements which were between Neuropro, Inc. and the Hudson entities were invalid because Neuropro, Inc. did not exist at the date the agreements were signed and the agreements were subsequently abandoned. Stockett, who is widely recognized for his IPO Network television and radio shows and his published research on initial public offerings, allegedly recommended IPO stocks to the Hudson Investors Fund, according to the SEC complaint. The SEC alleges that Stockett was not a registered investment advisor and violated the Investment Advisors Act. Stockett defended the allegations based upon an exemption provided to publishers of market research, claiming his IPO Newsletter, radio show, television show, and web site (http://www.ipo-network.com) provided him an exemption from registering under the Investment Advisors Act. Also, because he was the President of Hightec and Sinclare Group, he claims he was not required to be a registered investment advisor to recommend his own company's stock. According to a Barron's article published April 7, 1997, (pg. F23) the Hudson Investors Fund was the top performing Growth Fund for the First quarter 1997 rated by the Lipper Mutual Funds Quarterly. The comments state that "A tiny stock, Hightec, accounts for 16%" (growth). After the Wall Street Journal article on August 26, 1997 released by the SEC alleging the violations by the Hudson Fund and Stockett, the Fund lost over half of its investors and Hightec stock dropped over 90%. According to Stockett, the SEC failed to present any evidence in oral testimony or in documents obtained from a preliminary list of 29 witnesses which denied or refuted that Mr. Stockett was exempt, or that Mr. Latef was even aware that Mr. Stockett was President of Hightec at the time he purchased the Hightec stock. Mr. Stockett was not President of Sinclare at the time Mr. Latef purchased Sinclare according to evidence presented. SOURCE Hightec, Inc., CONTACT: Larry Stockett of IPO Network, 510-831-8836 LANGUAGE: ENGLISH LOAD-DATE: February 28, 1998