A penny stock firm controlled by the senior officers of Bermuda-based investment firm Lines Overseas Management reported a net loss of $778,928 for the 12 months ended December 31, 2004, according to its recent 10K filing with the SEC, increasing its deficit to $1.08 million.However, River Capital Group Inc.’s share price soared during the year, hitting a high of $6.50 on the Pink Sheets market, despite the firm having no full-time employees, no revenue and, some would say, no future.
River Capital reports another loss
20 years ago
Topics
Bermuda Fraud Insurance Investment Listed SecuritiesKeywords
Ballistic Ventures Brian Lines Craig Lines Eric Pinkney Greystone Credit