BigHub.com Inc (fka BHUB)

[IH Member [Kris]]

This is a good read:

# The Bighub.com Board of Directors include, since May 17, the crowd (Frank Denny - chairman & Pat De Micco) from shopping.com - the California-based Web site that was recently acquired by Compaq Computer Corp. after
# having become mired in a securities fraud scandal involving its underwriter. Al De Guiddo of Ziff Davis was brought in May 18 as the new CEO & President and he resigned immediately. As the company is not a fully-reporting company, no reasons were given
# Though the company issued a steady stream of press releases documenting these and other stock-boosting developments, it somehow overlooked telling the public something of obvious interest to every investor. The vital information? That shortly after changing its name from iSleuth.com to BigHub.com, the company began circulating a "
confidential placement memorandum" on Wall Street to raise $20 million. Investors who had paid as much as $15 per share for BigHub.com’s common stock in the run-up would doubtless have been shocked to learn that the $20 million being raised through the offering was, in effect, being raised directly at their expense.