I just googled Mac Shahsavar and didn't like what I read. Apparently, Janet is his wife.
I'm up about 200%. Maybe I should reconsider and sell after reading the post below. But it appears he has a record of running up stocks to insane heights.
Caveat Emptor on this one. -------------------------------------------------------- July 31, 2002 9:19:05 PM
"Well there's got to be lots of people out there who have been ripped off by this con artist operating out of Winnipeg. His current scam is called "The National Group of Companies." He made a run on ITET last spring and they punched him in the nose and he ran off bleeding. As of July's end his current scam is a website run for him by a US broker who had his NASD license revoked for fraud. They call the site"longandshortreports.com" and it's run by a creepy little guy called Leonard Mauck. Mauck and Shahsavar apparently use it like Elgindy used his websites to pump shady deals and short the good ones.
Shahsavar may be trying a new game: using shady Canadian brokerages to go naked short in OTCBB stocks wnough for him to get numerical control. If he can pull it off on GECC, he may pioneer a whole new avenue of fraud. He'll probably have his wife Janet apply for a patent for the process and then sign a fake licensing agreement with himself and tout it to $7 a share.
Mac Shahsavar serves as Chairman of the Board, Director, and Chief Executive Officer of Worldwide Golf Resources Inc. Mr. Shahsavar is currently President and Chief Executive Officer of National Healthcare Manufacturing Corporation, a NASDAQ listed company. National Healthcare Manufacturing Corporation is a provider of medical supplies. Prior to serving as President of National Healthcare Manufacturing Corporation, Mr. Shahsavar was President and Chief Executive Officer of Excelco Systems, Inc.
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