Penny Stock Fraud Info
IOGN—iStorage Inc—SPAM Alert: SELL!
Repost from the fax blog 12/28/04:
I got ** 29 ** SPAMS!
”Investors
For information on becomming an investor please feel free to contact us.
email:
Tel: (603) 293 - 8688
Support
email:
USA Tel: (603) 293 - 8688
International Tel (+44) 1875 833300 “
I couldn’t even find an address at the site. They just started trading on 12/8 and I hope they’ll soon be out of business.
From their recent press release:
“Greg Pelletier, Chief Operating Officer stated, “In order to better serve our existing and new customer base, we are setting up a dedicated support, service and integration operation.” Pelletier further states “iStorage is founded on the principle of making network storage simple, easy and affordable. The key to servicing small to medium business is to provide rapid response to questions or other inquires while assuring timely delivery of customer orders.”
He forgot to mention the principles of illegal promotions and stock fraud.
As usually, when I look at a spammer, I find that all the signs of fraud are present. When a company or their shareholders engage in illegal activities it’s best to stay away from them.
Copy e-mailed to: and
I’m looking forward to receive the “we have NO idea who is spamming ....” reply evidencing their incompetence.
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1/3/05: I got no reply.
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12/28/04
Does the SEC act faster if more people complain about the spam?
“To:
Subject: IOGN - I got ** 29 ** SPAMS!—Sterling st0ck Report
I’m getting 3 - 5 SPAMS every day! Please do something.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=IOGN
Christine Baker”
According to Pink Sheets, they already have 60,000,000 shares outstanding with another 40,000,000 authorized. And their only “asset” is that they signed a lease?
