Replies to post #64270 on In Ovations Holdings Inc. (INOH)

[GREGG THE GREEK]

Wow, this is so informative.

Meyer Blinder, Penny Stock King, Dies at 82
By DOUGLAS MARTIN
Published: March 04, 2004

Meyer Blinder, who with his gold jewelry and extravagant promises became the self-proclaimed king of the nation's penny stock market in the 70's and 80's, died last Thursday in Scottsdale, Ariz. He was 82.
The cause was a heart attack, his son Larry said. He said his father also had Alzheimer's disease.
In 1986, his firm, Blinder, Robinson & Company, ranked 10th in the nation in the number of brokers it employed; in an interview with The Wall Street Journal, Mr. Blinder spoke of challenging Merrill Lynch for industry leadership. But in 1990, his company, which at one time had 66 offices in 37 states, was liquidated. In 1992, he was convicted on six counts of racketeering, money laundering and securities fraud and spent 40 months in a federal prison.
Penny stocks are low-cost, high-risk securities, usually trading for less than $3 a share. They are not listed on stock exchanges, and there is often a lack of reliable information about them.

This was one of the nicer tributes....

Thx for the update.