From: Scooby Doo (
Date: 03/21/05

Date: Mon, 21 Mar 2005 02:12:30 GMT

On Sun, 20 Mar 2005 09:59:47 -0700, Don Lancaster <>

>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?

It's an interesting about-face by the guy who has been SHEC Labs' most
vocal internet supporter for the past year or so. I wonder what made
him chage his tune.