Replies to post #147963 on ajtj99's Market Pulse

[jdaasoc]

I got no problem with payments for charity.

Zeev liked sub $5 stocks to trade but was no where I mean no where near pink sheet stuff.

I can remember my experience with pink sheet stocks

I had a customer who ran a small minority owned trucking company that delivered medical radioisotopes to hospitals and got conned by pink sheet stock promoter in late 90's.

http://finance.yahoo.com/q?s=ADMI.PK

They played on his sense of charity by pumping a chronically unprofitable medical testing company out of Queens NY. They claimed they offered specialized medical diagnostic and treatment services for black children stricken by the epidemic of asthma. They claimed to have a contact with a Blue Cross organization for these treatment services.

They when as far as putting him on board of directors and offering private stock offerings to him and members of his church outside Philadelphia.
He asked me since he knew I invested in stocks if I want to participate. Within minutes of finding out one of fellow board members was a pizza distributor from Long Island I knew where this was headed. I told him basically he was part of a con and his investment by him church members of $50,000 was suspect. His response was to shy away from me since he felt I exposed his lack of investing knowledge.