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Non-Tech : Post messages here which regulators should read

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To: StockDung who started this subject	11/13/2003 1:59:57 PM
From: jjs64	Read Replies (1) of 15

Great idea.... Here's something the regulators need to look at: Rule SHO This proposed rule is the brainchild of Texas attorney John O'Quinn and his band of 110 companies which have signed on. Many of these companies complain about "death spiral converts" and the "naked shorting" that supposedly comes with them. Unfortunately, if a company is desperate, or stupid, enough to enter into a death-spiral deal, they are sending a message to the markets that their equity is worthless (or else they could have raised money on better terms). We cannot legislate away the stupidity of issuers who enter into these deals, nor of investors who do not bother to understand the effect of these deals on their equity holdings. What the OTCBB needs is not a restriction on liquidity like Rule SHO, but greater enforcement to rid the markets of the fraudulent stock promoters and underworld elements that haunt this market. Buyer Beware!

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