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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Frank Fontaine who wrote (13134)2/2/2001 2:43:45 AM
From: rjm2  Read Replies (1) of 13351
 
It was the old fashioned print. Might have a copy laying around somewhere if i felt like searching. But I really have no reason to dig it up.Couldnt care less if you believe me or not.
However, if you really want to see it, paypal me $20 and I will hunt it down, and send a copy to you via snailmail.

As for that market digest, as long as they FULLY DISCLOSE their compensation (if any) theres not much that can be done to them most likely.

Frankly, the SEC doesnt care what someone does as long as its FULLY DISCLOSED !
Thats the key. If SGA had disclosed it and they didnt get unregistered stock, there wouldnt be anything anyone could do.
Its perfectly legal for a company to give 100,000 shares or whatever to a tout sheet as long as its disclosed and the shares are proper.

Thats what a lot of the pump & dumps do. Many (like VALH) have felons involved or did have. So they skirt the law. In that case there was millions & millions & millions of free shares they gave themselves. So I have no doubt that those with an interest in selling were doing a whole lot of hyping while they sold. Thus the shares went from 80 cents to 10 cents. Throw in a below market private placement and you have the typical OTCBB stock.
BYIT for example has to issue stock to stay alive. There is really nowhere but DOWN for the stock to go.

Many repeat the same garbage press releases as in the past in order to raise more $$. Like saying they have secured financing. Sure, its guaranteed financing at a 20-30% Discount to whatever the buyer can immediatly turn around & sell it for.
Supply & demand.

I like stocks that have the same number of shares as they did 3 years ago.
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