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

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To: Holmes who wrote (5798)10/31/1996 11:13:00 AM
From: K.C.   of 13351
 
Anybody talk to a lawyer about suing SGA and OTCFN? You might have a leg to stand on if they have broken SEC regulation 17(b) and if SGA and OTCFN were the main reason you bought the stock.

Think about it. If you had known that SGA and OTCFN were profiting from SEXI's run up which was caused mostly by the hype they created, would you have bought the stock? I wouldn't have and I think that the majority of the shareholders are intelligent enough not to have as well.

If SGA and OTCFN have broken the law, which I believe that they have, maybe we should consider a class action suit against them.

Also, I believe that SGA and OTCFN have more than an arm's length relationship. I believe that these two companies are totally in bed with each other with all their clothes off!

The SEC has been coming down hard on companies like SGA and OTCFN that hype a stock and are somehow compensated through the stock's appreciation (especially if they do not FULLY DISCLOSE this to their readers). The SEC made it very clear about 5 months ago that full disclosure was required by any online source offering advice on stocks.

As far as changing their disclaimer within the last week, I wouldn't worry about that. I'm sure that the SEC has been on SGA's subscribers' list and that they have documented everything already. They are alot smarter than we know.

I feel confident that people like SGA and OTCFN will get what's coming to them if indeed they have violated Rule 17(b). It's a shame that so many ordinary people have had to suffer because of them.

K.C.
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