AREE - Formerly TVSI Message Board

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Microcap & Penny Stocks : AREE - Formerly TVSI

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To: Riley G who wrote (1060)	2/17/1998 2:01:00 PM
From: Bob Davis	Read Replies (2) of 6528

Could be so.... The most interesting point in this report is made in the intro paragraph - "This reports was prepared on a fee basis." That means that the analyst was paid to prepare the report...and obviously was paid to write a positive report. Whenever you look at a research report, look at the basis on which the report was written, and especially whether the analyst was paid to produce the report. If anyone is compensated in any way for writing a report and fails to state this, it is a violation of Section 17 of the Securities Act of 1933. Bob Davis The Napeague Letter napeague.com

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