IELSF-Flight to Fortune Or? Message Board

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Microcap & Penny Stocks : IELSF-Flight to Fortune Or?

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To: Zeev Hed who wrote (418)	10/15/1998 10:29:00 PM
From: Intrepid1	Read Replies (1) of 520

Zeev, the company and/or the shareholders should take immediate legal action against these floorless bandits. Here is what the company can do. a) Refuse to issue shares to the bandits based on the illegal shortselling tactics being employed by the bandits. The bandits have clearly and blatantly violated the uptick rule on numerous occasions. b) Immediately report these violations to the SEC. c) Launch immediate court action against the bandits seeking an injunction preventing them from any further selling. Shareholders can: a) Launch a class action suit against the floorless bandits for destroying the share price of IELSF by employing illegal trading practices. b) Immediately report the actions of the bandits to the SEC. Or: The company can communicate more effectively with its shareholders and take out the bandits through the market with a number of large crosses. Or: The company can do nothing (as it has being doing thus far), see its share price erode even further and thus be liable for class action by injured shareholders. just some thoughts purething

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