XLPI

Another one from the where-are-they-now department. This is even worst than the email promoting CYAD. On June 26, 2004, I get a stock tip from "Tawana Neis" bphkx@edis-inc.com, urging me to buy shares of Xcelplus International (XLPI), trading at the time at $1.25, with a 2-5 days target of $2.15-$2.39 and a 10 days target of $2.92. The email says that this Company is a lubricant distributor, with products such as "Lubrilon, Slick 50 (1978-1984), Matrix, Camtron, Z-Bond as well as others".

No particular reason is given to buy XLPI other than that there is a promotional campaign going on since June 23, that was announced on June 18.

Standard disclaimer follows, including "In compliance with Section 17(b), we disclose the holding of XLPI shares prior to the publication of this report. Be aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares. Shares may be sold at any time, even after positive statements have been made regarding the above company. Since we own shares, there is an inherent conflict of interest in our statements and opinions."

At this point only a complete idiot would have rushed to buy XLPI. The following chart shows the price history of this Company stock from June 26 2004 to this day. Note a 3:1 split that occurred a month later. Not only the target was never reached but if one had followed the tip she would have incurred to this day a loss of 95% of her investment.

Click on the chart to see it full size.


The usual Google search gives a list of several copies of this email archived by mail lists all over the places. From the information in the email I can't find who is actually promoting this stock. Running whois on edis-inc.com gives

EASTERN DIGITAL INTRANET SERVICES
37 Constable Drive
RIVERHEAD, NY 11901
US
Phone: 5167024024
Fax: 123 123 1234

Categories: penny stocks

Picture posting powered by Hello.com