SI
SI
discoversearch

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 : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?


To: Zbyte who wrote (36766)12/6/1999 9:25:00 PM
From: JWC  Respond to of 44908
 
Off RB:

By: tpowell
Reply To: None Monday, 6 Dec 1999 at 3:30 PM EST
Post # of 23149


I must say I am new to the investment world. I am 19 and I bought TSIG because I had some risk capital and I liked the music card idea. Now one thing I must say is this company needs to do alot more to get in the public eye. I am at college now and from time to time I talk to people about CDs and I have not found one person that knows about TSIG or the mymusiccard website. Now I do have a suggestion to get more exposure at colleges. Every year the students are given a promo pack when they enter the school. TSIG should either place a music card in these packets or something that would have the website on it like a CD opener (1800collect put one in mine and I use it every time I get a CD). Now before I end this I have one question for the board. I always heard that the business world is brutal so why are people always taking time out of their busy lives to warn people about something that does not concern them?



To: Zbyte who wrote (36766)12/6/1999 9:56:00 PM
From: JWC  Respond to of 44908
 
By: richwill
Reply To: None Monday, 6 Dec 1999 at 9:44 PM EST
Post # of 23152


Monday, 6 Dec 1999 at 11:28 AM EST
SEC Proposed Changes to Short Selling
Source : dimgroup.com

SEC Proposed Changes to Short Selling

The SEC has proposed a new rule to abolish naked shorting of OTC:BB stocks. If this proposal is adopted, then any shorting that is done, would have to comply with the same rules that the current big board NASDAQ stocks have.

Even if you don't currently own any OTC:BB stocks, you need to at the very least, read the bottom of this message, as there is something that the SEC is proposing regarding the uptick rule, that could possibly IMHO, affect ALL stocks.

Check it out ... IMHO, it's about time the SEC is doing something about this.

There is a proposed rule by the SEC to END Naked Shorting on the OTC:BB stocks.

sec.gov

and the specific rule ...

sec.gov

and the comments to date that the SEC has received ...

sec.gov

this is the web page with e-mail address that people can write to with comments about the new rule...

sec.gov

A writer would need to be sure to include the proposed rule
number, like in the examples of those who have already written here:

sec.gov

I hope that this is something that we as Investors will indeed write to the SEC about (via the links above). IMHO, one of the main reasons that the OTC:BB stocks are so risky is not just because of sometimes the companies themselves, but because of the rampent manipulation of MM's to short the stocks and sell stock that just doesn't exist. This doesn't even mention the off shore short naked shorting either, which I understand this proposed rule will address as well.

The OTC:BB is cleaning up the problem companies by requiring them to be fully reporting (that is, they MUST file reports with the SEC in a timely mannor) to remain on the OTC:BB, now it looks like they are about to clean up the house on the MM side by addressing the rampent Naked Shorting and manipulation by Market Makers of OTC:BB stocks.

Here also is the OTC:BB new rules requiring that Companies be FULLY reporting.

otcbb.com

'There are no minimum quantitative standards which must be met by an issuer for its securities to be quoted on the OTCBB; however, the new Eligibility Rule limits quotations on the OTCBB to the securities of issuers that are current in their reports filed with the SEC or other regulatory authority. '

and here as well ..

otcbb.com

and here ...

otcbb.com

We need as individual investors, to take action here, and write to the SEC telling them that they need to indeed end what is IMHO, the current sanctioned Raping of investors by Market Makers and Off shore entities by the rampent Naked shorting and Manipulation of OTC:BB stocks.

Also, pay attention to the wording of the rules, as it appears that in this very same proposal, that the SEC is looking into removing the Uptick rule for stocks currently covered by the shorting rules.

Currently if someone wants to short a stock, they must 1st wait until an uptick before they short it. This rule protects the investors, by making sure shorts do NOT orchrastrate a 'bear raid' or do a 'pile on' and in effect 'kill' the stock, the company and it's shareholders along with it.

IMHO, we also need to make sure that the Uptick rule REMAINS in place as well. Now is the time to make your voice heard. We have until December 27th, 1999 to make our comments to the SEC on the issues contained in this proposal. You also need to read the whole proposal, as there might be also other issues contained within it that YOU might feel are important for YOU to
comment on as well. JMHO, FWIW ...

Credit for Submission
Voyager

stocktradersresource.com

Inform everyone of that - this is great NEWS for us investorsd and very bad one for OTC shorters ( and don't forget to send your comments about that great proposal to the SEC - email you find on the pages !!! )