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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Gator who wrote (22969)7/31/2000 9:54:29 AM
From: Bob Davis  Read Replies (2) of 25711
 
Gator,

I've read all of their publicly-available information. If I called the company, they legally can't give me any material information that is not already public, and if I did receive such information, I am legally prohibited from communicating it to anyone else. To confirm this, please read Section 20(A)-c of the Securities Exchange Act of 1934.

If there have been any material changes in the company's condition, they are obligated to file an 8-K, and can then put out a press release, but they have not done this.

"Call the company" is a common line used by I-net touts, because it drives the novice investor into the arms of the "hard-sell" closer. Likewise, if the Chairman or President has time to talk with individual investors, he doesn't have enough to do...

Bob Davis
The Napeague Letter
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