InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,426.85
(
-1.50%
)
Post# of 255
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

MorningLightMountain

Send PM Follow Ignore
Followers 154
Posts 15663
Boards Moderated 4
Alias Born 01/30/2007

MorningLightMountain

Re: None

Wednesday, 09/12/2012 8:55:36 PM

Wednesday, September 12, 2012 8:55:36 PM

Post# of 255
Stanton pushed his cash — and Cast-Crete's capital — into dozens of penny stock ventures: munitions for the American military, research into nano-particles to find a cure for heart disease, Internet radio to bring shock jock Bubba the Love Sponge into local homes.

The once-prosperous Cast-Crete is now in survival mode, with an IRS bill looming, the economy bottomed out and nothing to show for the penny-stock investments.

A few months before his death, Hughes wrote a letter to Stanton demanding answers about his shady associates and what had happened to all the Cast-Crete cash pumped into the penny stocks. It didn't add up, Hughes said indignantly.

(excerpts)

http://www.tampabay.com/news/business/corporate/accusations-encircle-rise-fall-and-fight-over-cast-crete-corp/1159959

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up