SOURCE: 141 Capital, Inc.

March 04, 2010 09:30 ET

141 Capital, Inc. Addresses Volatility and High Volume

CHICAGO, IL--(Marketwire - March 4, 2010) - 141 Capital, Inc. (PINKSHEETS: ONCP) announced today that it had come to its attention that at least five Investor Relation, web-based stock touting sites and/or stock letters put out buy recommendations to purchase 141 common stock. We believe that this excessive publicity caused the high trading volume and price volatility during the week of February 1, 2010.

141 wishes to assure its shareholders that it had nothing whatsoever to do with the responsible companies. 141 did not have any communications and does not know any of the companies involved. 141 does not employ any IR or PR firm. 141 writes its own press releases. 141 has no communications with brokers or market makers. 

This unauthorized publicity lead Pink Sheets OTCMarkets to place a "caveat emptor" on their website for the Company. It should be noted that 141 has been told by Pink Sheets that the caveat emptor label should not be considered adversely by shareholders. Rather, 141 Capital CEO Errol Stone stated that it resulted from the excess IR touting of the Company that caused the excessive trading volume. "We are in communications with Pink Sheets and are moving forward as expeditiously as possible to remove this label."

In another step toward 141 Capital registering to become an Independent Introducing Broker, 141 is withdrawing its Commodities Trading Advisor registration with the NFA, as being a CTA is not part of 141's future business plan.

141 Capital encourages its shareholders to email any and all questions and suggestions. We usually respond to questions after business hours and understand it may take several days to receive a response. Email: info@141capital.net.

Contact Information

  • 141 Capital, Inc.
    Errol Stone
    312-513-4365