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Peopleline Denies Spam Stock Promotion
Company Online Stock Trading By Staff
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Online Trading Stock And (AXcess News) Reno, NV - Peopleline, Inc.(OTC: PLLN), a Vancouver BC- based developer of IP telephony, today released a statement denying any knowledge or direct involvement in an unauthorized e-mail campaign, commonly known as spamming, about the company.
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Stock Investing Course In a statement released Tuesday, Peopleline said, "The Company has not paid for nor retained any persons to re-distribute its news releases or promote the Company prior to this release. The Company also reports that the appropriate regulatory bodies as well as its legal counsel have been requested to take steps to prevent the Spam e-mails."
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Stock System Trading Shares of the penny stock were down over 13 percent following the news release relating to Peopleline's denial of involvement in a spam e-mail stock promotion.
Boeing's stock fell 13 cents, or 0.3 percent, to $38.26 in morning trading on the New York Stock Exchange.
Stock Investing Game In contacting the company AXcess News was told that the party handling media relations, Edward Gallagher, Peopleline's CEO, was unavailable and that no other officer would speak to us regarding the spam campaign.
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Market Stock Trading On January 26th POPstar Communications Inc. announced the restructure of POPstar, the terms of which included a share roll back, a name change from POPstar to Peopleline Inc. and a change in the Board of Directors. Peopleline was previously the Brand name under which the POPstar retail VoIP services had been sold in Vancouver.
Online Stock Trading Canada Gallagher was chief executive of the company at the time of the name change. Russ McDermott, who was VP of Marketing at POPstar became the President of Peopleline.
Stock Investing Basics On March 7th, Peopleline put out a press release announcing that it was "launching an extensive marketing campaign." Yet in it, Gallegergave no detailsof what that entailed.
Day Online Stock Trading The stock is traded in the over-the-counter market, so no financial details are available. All AXcess News could ascertain is that Galleger and his crew operate out of Vancouver BC, couldn't make their business model workso they changed the name and traded off one director for another one while shifting management roles around.
Online Stock Trading Game While Galleger denies knowledge of or involvement in the stock promotion that was so crudely done it prompted the company to defend itself of it publicly, someone executed it that no doubt thought they would benefit from the spam promotion. Were this company full reporting, perhaps the party involved would be more easily identified. But if regulators are looking into it that won't matter, they'll find the smoking gun eventually.
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