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Pastimes : Grinders and Gripers Coffee Shop
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To: Arcane Lore who wrote (2647)10/11/1998 1:28:00 AM
From: Savant  Read Replies (1) of 4201
 
I believe that one article was incorrect, there is or was a company selling shares directly on the internet, I believe it was a beer company, I didn't follow up on it.
I don't know about those fellows with WSE, their record doesn't bode well for their company's prospects.
I am however hoping to bypass the regular exchanges and market maker/good old boy system. It may or may not happen. Hopefully there will be a mechanism someday where shareholders can directly sell to each other and buy all stocks directly from the company. Some companies sell directly now. They have dividend reinvestment plans.
If anyone doubts that the current system lacks oversight abilities, go to sec.gov they have the actual trial transcripts there. It is horrible the cr@ap the gangsters get away with. And that is only the ones they catch. I saw Comparator Systems people got off with a spanking...the symbol was IDID, and they had the second (or third) biggest volume day in history, and it was all a scam..however they admit no wrong doing...people lost hundreds of millions on that one...in one day. More on other days....Of course there was that well over seen company , what was the name? ...oh, yes, BREE CHEEZ. Plus all the little jitney scams that are ongoing.
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