Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : NCDR -- Ignore unavailable to you. Want to Upgrade?

To: Mark Marcellus who wrote (649)	6/9/1999
From: Q.	Read Replies (2) \| Respond to of 1440

StockMaker has been compensated with 50,000 shares -- this violates SEC rules. The practice of compensating stock touts with shares, rather than cash, was commonplace, but it is now prohibited by an SEC rule that went into effect in April. Here's a news report on this: msnbc.com Regardless of whether StockMaker began to tout the stock before or after April doesn't matter: the new rules don't allow grandfathering. Stockmaker is not allowed by SEC rules to continue promoting NCDR stock after having received the stock. That means that even in the best case, Stockmaker is violating SEC rules by featuring NCDR on the Stockmaker website. This violation will cause NCDR to be required to put a contingent liability on its balance sheet. (If the co. is honest and if its auditor is awake, that is.)