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shadow43560

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shadow43560

Re: hogfan2 post# 14905

Sunday, 07/31/2005 6:48:25 AM

Sunday, July 31, 2005 6:48:25 AM

Post# of 33450
IAUS
A Utah company claimed to have developed a new data transmission technology called "Digital Wave Modulation," and the company's stock soared from $3.50 to more than $40 a share. Prices collapsed when the company failed to produce a promised prototype, but not before the company's chairman and his children sold approximately $3 million worth of their shares in this classic "pump and dump" scheme. (SEC v. International Automated Systems, Inc., et al.)

http://www.sec.gov/news/headlines/micronew.htm

The above paragraph is down about 6 or so..


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