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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: Ipso facto who wrote (1847)11/24/1998 2:52:00 PM
From: Leroyt  Read Replies (1) of 5541
 
Ipso,

What's the status of these rules with the SEC. Until the SEC adopts them, they aren't official. Also, the time period for compliance may be 6 months to 18 months, from what I've heard.

The SEC doesn't move quickly and this type of change will affect A LOT of people. I understand, particularly MM's who have on-going positions in many stocks that might be kicked off the BB.

These types of changes will NOT occur quicly although, I DO think that ALL publicly traded companies should be reporting companies or AT LEAST have audited financials available to all shareholders and prospective shareholders. BUT, the again, it's a real RUSH to trade non-reporting companies. TOO many people get SCREWED!!

Anyone else know FAMH! I made out fine but MOST people got screwed by a company that COMPLETELY LIED!!! about their financials.

later, leroyt
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