Forum Archive Index - November 1999

["stuart irvine" <stuvine@hotmail.com>]

>From: "Haddon" <haddon@ihug.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: [sharechat] Dukes & Co
>Date: Wed, 17 Nov 1999 01:29:35 +1300
>
>Yesterday out of the blue I had a call from "Dukes & Company" based in 
>Manila, trying to sell me a NASDAQ stock called NIGS which they pick as a 
>potential highflyer, and out of the kindness of their hearts are willing to 
>buy 1000 for me at US$9.50 odd on 14 day settlement, by which time "it'll 
>be US$15.00 " !!!!!!
>Simon Johnson, a pom, is the man, and in the background is what appears to 
>be trading bedlam. I cannot find "NIGS" on the  NASDAQ, and Dukes&Co 
>website (www.Dukesandcompany.com) is very glossy and very long on rhetoric.
>
>I'm not a bit fooled, but wonder if anyone else has struck this bloke ??
No, but investors should also avoid ARGUS CAPITAL INVESTMENT CORPORATION 
based in Nassau & Amsterdam.These people target Aus/NZ investors selling a 
small cap. low volume NASDAQ stock from in-house scrip holdings often at a 
discount to the market with the promise of huge returns in a short time.They 
pump the stock with eroneous information and stats until their own holdings 
are exhausted and then dump it leaving investors to languish in the misery 
of large losses.
>

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