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

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To: StockDung who wrote (98885)3/30/2007 9:53:50 AM
From: Patchie  Read Replies (2) of 122087
 
Not really Floyd, much of what he said is bogus... Did you read his memo?

Consider one such glaring unintended consequence already occurring. As currently implemented, Reg SHO's Threshold List provides strict protection for securities which are abjectly delinquent in filings. There are recent examples of securities which are blatant orchestrated pump and dump schemes promoted by offshore and anonymous entities. These issues have demonstrated brief, violent volatility swings, triggered by appearance on the Threshold List. Yet these same companies are so delinquent on filings, it is impossible to ascertain even the most rudimentary information, such as their actual outstanding share count.

To date the number of Companies that have been on the threshold list at one time or another is over 4000. The NYSE frequents approx 50 companies daily and the NASDAQ nearly twice that. That does NOT INCLUDE the OTCBB and pink Sheets. I would venture to say that 90% of all NYSE, NASDAQ, and OTCBB companies are up on their filings. That makes Schwartz claims a lie.

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