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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: rrufff who wrote (90971)2/23/2005 12:44:00 PM
From: StockDung  Read Replies (1) of 122087
 
Third Parties tend to be the companies IR, they also could be recivists, criminals, conmen, terrorist or a company insider.

They need to create volume. Volume to to a deal, sell stock or get pipe investor out of the stock.

It is never good for shareholders. Steve Reid and Kos used third party disclaimer. I pressed Reid by email and he finally admitted to me that Ziasun's IR was the third party. Trouble was Ziasun had three IR's at the time. Geoffrey Eiten, Madison & Wall Worldwide and Veritas. I pressed him further and he ran off scared refusing to disclose which one was the third party. Third Party is also a violation of SEC disclosure laws but SEC refuses to enforce the rules.

Here is Reid basicly explaining how the scam works:

Steve Reid, editor of the Moebius Free Financial
N e w s l e t t e r, says that services like his are "no different from
a brokerage firm's. The brokers won't help you unless
y o u 're a corporate finance client." Reid specializes in e-mail
distribution and claims to have access to 200 million names
on a global scale. His research is mainly information-based,
poured into the market on a fee structure with discounts
based on size of order. Costs to saturate the market can run
over $1 million. Reid also creates streaming videos for on-
line distribution. Most of his clients are trying to ra i s e
m o n e y, he says. "Much of what we do is create liquidity."
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