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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (10215)6/26/1999 6:23:00 PM
From: Mr. Pink  Read Replies (1) | Respond to of 18998
 
Mama Bear, thank you for your insightful post and for further discrediting walking turdmeister MarcG. He thought He would repost here a post He made on another thread in an attempt to illuminate the error of MarcG's ways. He suspects that after the INTR "frog" is out of the bag MarcG will disappear for ever.

To: +MarcG (734 )
From: +Mr. Pink
Saturday, Jun 26 1999 6:12PM ET
Reply # of 735

Hypester MarcG, who has been widely discredited as a paid shill for a fraudulent
company is trying to sucker you into buying INTR on the speculation that bogus
subsidiary IBUY.com will be taken public in a $75mm deal valuing the sub at $300mm.
Only catch is that the underwriter is a crooked bucket shop in Hotlanta that was
recently reprimanded in 2 states for selling bogus unregistered securities.

MEMBER FIRM: J.P. TURNER & COMPANY, L.L.C.
BD NUMBER: 43177

NASD Member Firm: J.P. TURNER & COMPANY, L.L.C.
BD Number: 43177

6/25/99 SUMMARY INFORMATION

6/25/99: 8/13/98 ARKANSAS CEASE AND DESIST ORDER

FIRM WAS ISSUED A CEASE AND DESIST ORDER BY THE ARKANSAS
SECURITIES DEPARTMENT
FOR ALLEGED SALE OF SECURITIES BY AN UNREGISTERED
BROKER-DEALER AND ITS
AGENTS, SALE OF UNREGISTERED SECURITIES, AND
MISREPRESENTATION OF FACTS. [AR
DOCKET/CASE NO. 98-45-S] ba

6/25/99: 6/24/98 MISSORI CEASE AND DESIST ORDER

J.P. TURNER WAS ISSUED AN EX PARTE ORDER BY THE STATE OF
MISSOURI TO CEASE AND
DESIST THE SALE OF UNREGISTERED SECURITIES TO MISSOURI
RESIDENTS. THE STATE
ALLEGED THAT THE FIRM TRANSACTED BUSINESS PRIOR TO
REGISTRATION IN THE STATE
OF MISSOURI. [MO DOCKET/CASE NO. CD-98-39]ba

No chance these bucketeers get any deal of this magnitude done. This stock (INTR) is
sunk.

Mr. P$nk reiterates His rating T3/F.

Mr. P$nk



To: Mama Bear who wrote (10215)6/26/1999 6:52:00 PM
From: peter michaelson  Read Replies (1) | Respond to of 18998
 
Barb:

Would you mind doing me the convenience of sharing that url, or was it a private communication?

thanks...peter

"From Liz Heese, OTC BB Regs Deartment:

First, unlike the rules on NASDAQ fully listed companies, it is legal to short OTC BB stocks on the downtick ("downtick rule", which OTC BB's are exempt from)

Second, unlike the rules on NASDAQ fully listed companies, it is not mandatory to disclose the short position, only voluntary. Huge difference there.

Third, the Affirmative Determination rule is the problem with shorting these OTC BB Stocks in that you must demonstrate an ability to borrow these shares before selling these shares. Due to the illiquid-ness of these thinly traded stocks, this rule has been used by many brokerage houses to establish policies against shorting these OTC BB companies.

Again, it is not illegal to short these companies here in the US, it is just not as
common as shorting full NASDAQ listed stocks. "