CEO Organization, Go to Washington;
Time to organize their CEOs,
Call To Arms: CEO Organization
Proposed to Oppose MMM
By Jack Burney
Published by OTCNN.com
06/27/2000 06:45 AM CST
A frustrated, but determined Ed Marshall, CEO of Medizone, Inc.
(OTCBB: MZEI) called for the formation of an international
organization of CEOs of OTCBB companies who believe their
stocks have been manipulated, to take their case to Congress and the
SEC in numbers that cannot be ignored.
Marshall said he would spearhead the organization of such a group,
if there is enough interest. He asked fellow CEOs to register their
interest with OTC News Network at jburney@otcnn.com? Subject:
CEO Org.
Consider the power of an organized group of 100 or more CEOs who
collectively represent tens of thousands of shareholders and hundreds
of millions in investment dollars. Would it be able to challenge the
influence of the mighty Market Makers in America?s governing
bodies?
?This situation is so out of hand for hundreds of OTCBB stocks that
it is time to organize their CEOs, go to Washington and demand a
congressional investigation of the SECs inaction,? Marshall told
OTCNN. ?There is criminal activity taking place on a daily basis by
Market Makers, and nothing is being done about it.?
OTCNN receives massive amounts of e-mail messages, daily,
charging MM abuse, leading to the speculation that there may be a
significant response to the call to organize.
Marshall asked, ?Would someone please explain to me why the SEC
refuses to take any action against the Market Makers, who
consistently act in concert to keep stock prices down to protect their
own short positions, which they are not required to report??
A CEO organization would demand two things, in Marshall?s view.
(1) Rule changes to level the playing field and restore basic
economic supply-and-demand fairness to the OTCBB marketplace.
(2) Enforcement of existing rules and laws supposedly designed ?to
prevent fraudulent and manipulative acts and practices,? as Section
15A(b)(6) of the Exchange Act puts it.
Marshall said he believes all companies and their shareholders have
a right to demand a fair market, which is what the SEC is supposed
to provide and, in his opinion, clearly does not.
?What we want is a fair market based on supply and demand, in
which good news and more buyers drive a stock price up, and bad
news and more sellers drive a stock price down,? Marshall said.
?We don?t have that now, but a determined group of CEOs could
bring it about.?
In Medizone?s experience, Marshall said, the unchecked abuse of the
current short sale rules deprives individual investors of essential
investor protections and make it more expensive for companies to
raise capital.
?In addition,? Marshall said, ?exempting market makers and not
extending the rules to non-exchange listed securities and the
over-the-counter market, deprives thousands of issuers and tens of
thousands of investors from the protection of the rule that was
adopted to curb a recognized abusive practice ? a practice that has
increased in recent years due to lack of regulation and enhanced
communication and information technology.?
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All Investors, Insiders etc. should sign up with;
prepaidlegal.com
...and make sure to demand; ALL LOSES ++ pain, suffering etc. to be fairly compensated!
MMM story;
otcnn.com
otcnn.com
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