Re: SHEC Labs IS A SCAM

From: Peter Lowrie (peterlowrie_at_consultant.com)
Date: 03/25/05 

Date: Fri, 25 Mar 2005 13:43:03 +1200

Bob Eldred wrote:

>
> "Scooby Doo" <mysterymachine@hauntedmansion.edu> wrote in message
> news:423e2d62.40074974@netnews.att.net...
>> On Sun, 20 Mar 2005 09:59:47 -0700, Don Lancaster <don@tinaja.com>
>> wrote:
>>
>> >SHECLabs wrote:
I went and had a squizz at the shec site and it seems like they are doing a
good job.

Someone said that one of it's promotors was a bit of a rascal. So what's so
bad about the work they are doing, it does not appear to be vapourware,
they look like they have real products and have been doing real research
AND they are getting somewhere with it.

Peter

>> >> 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.
>
> Money! Money talks, bull *** walks. In short, was probably was a lousy
> investment with a negative return. The product was BS in the market.

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