Re: SHEC Labs IS A SCAM
From: fkasner (fkasner_at_enteract.com)
Date: 03/20/05
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Date: Sun, 20 Mar 2005 19:31:13 GMT
Don Lancaster wrote:
> SHECLabs wrote:
>
>> Guess what, all of you were right. SHEC Labs out of Saskatoon Canada
>> has been scamming investors for the past 14 months. They were selling
>> their shares at 2.00 and 2.25 and only receiving .75 per share. They
>> were paying out 62 percent in commissions and they Did not disclose any
>> of this to shareholders. The company knew they were scamming and did
>> nothing to stop it. Too bad, because they seemed to be on the right
>> track. They also did not send any paperwork to their European
>> investors as far as participating in a private placement nor did they
>> check the qualifications of each investor to see if they were in a risk
>> tolerance group to invest in a start up like SHEC.
>> Oh well
>>
>
> Has there EVER been ANY recorded instance of a Canadian Penny Stock not
> being a scam of one sort of another?
>
Yeah, quite a few years ago my father made a lot of money buying and
selling Canadian penny stocks. Could be that they were scams but he was
getting out fast enough to avoid being taken.
FK
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