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Pastimes : Investment Chat Board Lawsuits

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To: Jeffrey S. Mitchell who started this subject1/11/2001 5:42:14 PM
From: randy johnson  Read Replies (1) of 12465
 
From the RB board, spectrum oil threatens posters:

Spectrum Oil (SPUM)

By: vegastrippin $$$
Reply To: None Thursday, 11 Jan 2001 at 4:06 PM EST
Post # of 13857


Spectrum Technology Corporation Announces the Implementation of Its
'Corporate Electronic Medium Policy'
Bakersfield, Ca. Business Wire. (January 11, 2001) Spectrum Technology
Corporation (NQB Symbol SPUM) announced today the implementation of its
official ``Corporate Electronic Medium Policy." Said policy is hereby put
into effect this date, and the formal stance therein is that officers,
directors, employees, consultants and/or affiliates shall not be subjected
to slanderous or libelous statements of fact falsely spread via any and/or
all electronic medium, i.e. chat and/or message board forums.
Chairman and CEO, Sam J. Higgins, stated, ``Our goals at Spectrum are to
create, preserve and protect shareholder value. Irresponsible personal
behavior that attacks a public company, thereby creating market fluctuations
and decreasing shareholder value is, in fact irresponsible, and in some
cases criminal behavior and shall not be tolerated.''
Further, whether it be bored, vindictive individuals or paid personnel
acting as co-conspirators in concert with the sole aim being to erode
shareholder confidence and diminish stock prices, these specific actions are
injurious and cause extreme market manipulation (MM). Spectrum Technology
has implemented an Investor Relations Department, which has been regularly
monitoring the electronic mediums currently available to safeguard against
any irregularities that may exist.
We have identified several individuals paid by others and, in some cases,
working in concert with short sellers to undermine investor confidence.
Destructive behavior shall not be tolerated, and said behavior shall be
swiftly and aggressively remedied to the fullest extent of the law. In
assembling its financing packages for oil and gas drilling of prospects
discovered using its proprietary Direct Location Technology (DLT), a
significant set aside has been made to pursue the above-identified
offenders.
In conjunction with the aforementioned statement, Spectrum additionally
announces this date that to fully comply with the new SEC Rule F.D.
pertaining to full disclosure to investors, that all future news and/or
press releases shall be issued via the wire by the company's Corporate
Public Relations Department. "Spectrum seeks to express to its valued
investors that it is a public company; consequently Spectrum cannot and
shall not discuss future business yet to be released on an individual basis.
Spectrum endeavors to be in full compliance with the new regulation, and
will not speak to individual investors prior to news being released,''
states Sam J. Higgins
An aggressive-growth technology company, Spectrum specializes in the
development and market implementation of breakthrough technologies in
Energy, Water, and Life Sciences.

Contact: Sam J. Higgins
Tel: 661 835-5990 Fax: 661 835-5938
This report contains 'forward-looking statements' within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Act of 1934. Although the Company believes that the
expectations reflected in the forward-looking statements contained herein
are reasonable, no assurances can be given that such expectations will prove
to have been correct.
Non-Technology
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