(COMTEX)B: Peopleline PPTM Sends "Spam"
Eddie Gallagher - IS NOT TO BE BELIEVED -- 2nd time Eddie pays for spam and forgets IMO
LOS ANGELES, Mar 26, 2007 (PrimeNewswire via COMTEX) --Peopleline Telecom Inc. (Pink Sheets:PPTM) wishes to advise that on March 1, 2007, it retained the services of Expedite Ventures Inc. AKA Wall Street Grapevine to conduct investor relations for the Company. At the time of engaging this firm the market was trading at $1.90 by $3.90 on little or no
volume.
On March 7, 2007, trading commenced and persons started hitting the Bid Price for large amounts of shares and drove the price down, despite daily contact by Peopleline's CEO. Finally on March 11, 2007, an email was sent to the Principal Tim Dougherty rescinding the contract and requesting they
discontinue any activity on this Company.
Despite daily phone calls, they continued for the next several days and finally drove the price down to $0.30 to $0.56 through their broker at Cambria Capital. Contact was made with Compliance Officers at Cambria who confirmed the manipulation, but no explanation was received. Originally Tim
Dougherty agreed to rectify matters but nothing has occurred except further manipulation. In fact, in one of Wall Street Grapevine's daily news bulletins they mentioned the fact that PPTM was trading at a preferred level.
On March 19, 2007, a formal complaint was filed with the SEC but it is not known what action has been taken. It should also be mentioned our request was for simple orderly trading and Peopleline's CEO specified "no spamming" was to occur.
There are not undisclosed material facts in regard to the company..........
Yea Really Eddie - except an effective 15c211 and an F on your symbol and some effective toothpaste.
AI
