ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00240

-29.4%

Nov 3 10:00 AM EST

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To: Janice Shell who wrote (5193)	5/31/1998 12:00:00 PM
From: Moonglow	Read Replies (4) of 11850

You know.....I keep reading about insider information...and so, I'd like some help on this please. I'm not really sure exactly what insider information is. I mean, obviously, it's information known to insiders....but what constitutes what makes it illegal? Is it just people knowing or guessing about it, or is it making trades based on it? I'll never forget eating breakfast at a restaurant one time and a drunk came over to me and began telling me to buy a stock. I wasn't in the stock market at that time...but he told me some information about a company that would only be known to insiders...and by golly, IT CAME TRUE!!!! Now how in the heck did that drunk get hold of that? I don't know. One can never stop people from gossiping or talking. I mean, the secretaries, for example, have to get reports ready. Now they can mention something to the local grocer. Word spreads. People buy or sell based on the RUMORS that they hear. Now if the rumor turns out to be true....do those people stand a chance of getting in trouble because they bought from insider info? I'm just not clear on all this. So, I'm hoping that somebody knowledgeable can help me out. Thanks! Juanita

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