I couldn't pass up buying the Sunday Post Dispatch yesterday, after noticing the front page article being about boiler rooms. So I started reading it with my coffee this morning, only to find out there's like 7 articles about boiler rooms and fraudulent companies.

In one article (Overseas boiler room feels the heat: SEC case marks breakthrough), NCIH / DRKD and GFYF are mentioned. I'm making no judgments on GFYF or DRKD. Matter of fact, the article mentions them only in a neutral way:

"Since the SEC filed the Sukumo case, NCI Holdings has been converted into an apparel company, Dark Dynamite Inc. F10 now is GFY Foods Inc., which operates three sandwich-and-smoothie shops in fitness centers in Illinois and Indiana."

In another article (Investors are losers in high-tech shell game), other companies are described, but not mentioned by name, so I won't speculate about who these companies are:

"The companies whose shares have been peddled by boiler rooms span a wide range of business pursuits, from the ordinary to the absurd. Their purported products include everything from computer software and communications hardware to electronic voting machines, car bomb detection devices and medical marijuana."

(Warning: If you access this particular article from the home page, you won't get the entire article. You need to click it's link in the sidebar on other articles' pages)

It's interesting reading. Just thought I should pass it along.

Do your own DD.

[This message has been edited by WinsumLosesum (edited June 13, 2004).]

[This message has been edited by WinsumLosesum (edited June 13, 2004).]

[This message has been edited by WinsumLosesum (edited June 13, 2004).]
 

What would that ticker be like:

MARY
MRYJ
MARJ