To: PCModem who wrote (41695 ) 10/17/1999 2:53:00 PM From: jhild Respond to of 43774
I know how you like to be quoted, so let me make your day:Believe me, the SEC knows about PABN and has for quite some time. And guess what? Can you guess? They don't think it is a scam. You want to know why I am confident that is the case? Here is my "proof": continued approvals for IT in various states and no SEC investigation. Even after 15 months. 15 months aint no "over night" either. ragingbull.com But surely you did know in talking to all those security lawyers that you are so fond of quoting that such statements are against the law . You did know that didn't you?:Section 26 -- Unlawful Representations No action or failure to act by the Commission or the Board of Governors of the Federal Reserve System, in the administration of this title shall be construed to mean that the particular authority has in any way passed upon the merits of, or given approval to, any security or any transaction or transactions therein, nor shall such action or failure to act with regard to any statement or report filed with or examined by such authority pursuant to this title or rules and regulations thereunder, be deemed a finding by such authority that such statement or report is true and accurate on its face or that it is not false or misleading. It shall be unlawful to make, or cause to be made, to any prospective purchaser or seller of a security any representation that any such action or failure to act by any such authority is to be so construed or has such effect. http://www.law.uc.edu/CCL/34Act/sec26.html Well, I guess you know now don't you? So hey there Buddy, talk about your ultimate Terms of Service Violations? That is your strategy to silence dissent on the stocks you promote isn't it? Report any possible interpretation of an infraction. Ever think about reporting yourself to the SEC? SEC SEC SEC SEC. Hooboy.BTW, I see this is not an accidental slip on your part either: As far as a future suspension in trading goes, I strongly doubt it. Suspensions are usually for some serious violation of SEC rules. You may feel like the company's actions are serious, but the SEC does not agree. #reply-11000080I suppose your theory that I-T is operating without the knowledge or approval of the SEC and NASD is not sinister and does not require a vast conspiracy to do it? #reply-10200435And what do you know?! PABN continues to trade, Insider-Trading continues to operate, no one has been arrested, no indictments filed. My, my! Either the mob, the SEC, the NASD, the FBI, hundreds of company customers, and several thousand shareholders are involved together in a conspiracy . . . #reply-9858350 SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC Thanks to TideGlider for pointing out this part of the 1934 Securities Act. (See #reply-11618495 )