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 : ECO2 INC. (NASDAQ:TIRE) -- Ignore unavailable to you. Want to Upgrade?

To: Joseph F. Hubel who wrote (2678)	11/6/1999 1:08:00 PM
From: jhild	Read Replies (1) \| Respond to of 2695

I think in many respects penny stock scams depend on the fact that there are a lot of parties involved with each not having lost enough to make bringing a suit worthwhile. The SEC seems to act on the public's behalf only to the extent that they encourage the perpetrators to cease and desist. The trouble of proving a strong enough case to win a conviction is a bit too much for most situations, so they seem to go for these "without admitting to the facts" kinds of settlements. Often even the funds that were taken are so long gone and the individuals demonstrate such little assets that the SEC settles for reduced disgorgements. Justice at an individual investor level is very hard to get. The legal process grinds too fine and too slowly to undo the wrongs. That's why it is imperative that investors understand what they know what they are buying before they ever click that Confirm Order button. Demanding fully reporting companies is important as the verity of their statements then can be more easily established. Clarity and precision removes that wiggle room of interpretation that they all seem to scurry behind. Requiring full disclosure trims up those ragged edges of hearsay that are used to obscure who is behind a venture or what the real facts of the enterprise are. Red flags stand that much taller in a mown field.