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

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To: Oscar Boni who wrote (6691)11/9/1996 1:02:00 AM
From: Dave Wax   of 13351
 
I know that selling at 6 cents was sort of ridiculous. Truth is, after reading the NY Times article late last night, I didn't think SEXI would trade ever again. I put the order in to sell 143,000 shares at market, thinking it would probably not execute anyway. The SEC. stated they were convinced that Systems and Huttoe were crooks, how could they continue trading company shares. I guess the SEC. thinks the Pink Sheets are like trading baseball cards anyway...they don't care. In terms of going after Huttoe, OTC, the Market Makers and SGA, I'm all for it. Sign me up. I think suing the company however would be a complete waste of time. Although I'd like to put this nightmare behind me, I do think we were taken advantage of. It seems to me that numerous people have lied to us, including some folks on this very thread. We deserve some compensation. News releases and promotions are supposed to be fact, Not outright lies. Lets get all of us together and go after their asses........Sincerely Dave..... P.S. Another reason I sold out today is that it was imperative that I offset my Capital Gains on my other stocks for this year. If they halted the stock whereby I could not show a loss, I would be paying taxes of an additional $140,000. I won't have to worry about that potential problem any more........Aside from SEXI, believe it or not, I have done pretty well in the market. Two important things I have learned are.....1. Don't trust anyone until you have positive proof. and .......2. NEVER AVERAGE DOWN ...............If you going to add to your position, always average up...........This is imperative if you want to consistently make money in stocks....REMEMBER THAT AND DON'T EVER FORGET IT. I seemed to forget that discipline during the SEXI Saga............
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