SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ztect who wrote (188)5/24/1998 5:34:00 PM
From: LegalBeast  Read Replies (2) of 40688
 
Just thought I would post a follow-up to my email battle with C&D ... In my last post on this subject I told you all how I had copied them on my complaint to the SEC. They responded asking for my fax number so that they could send me the full text, which I have already read.
Their latest reply to my accusation of misleading untrained investors about what information must be divulged and what may be kept confidential ... They said "If there were a reporting company, they would have to divulge every shareholder who owns over 5% of the company."

I replied: "Your letter says it all. 'If they were ...' ... well, they are not and they do not have to report such details. Your article makes it sound like they are doing something unscrupulous." I then went on to ask about their having been cited by the SEC for numerous unethical acts, market manipulation, and insider trading. I finalized by asking what their motivation was to bash a small startup company that no one else really cares about, an act that is seldom done.

Their answer again offered to fax me a copy of their article, but did not address any of the other concerns. I am amazed that the SEC lets them keep going, but like someone else on here has said before, enforcement is often very slow to come ...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News