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Non-Tech : INVT - Investamerica, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Seer who wrote (192)	5/27/2000 10:01:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 214

It's actually the Market Makers for whom some of the defendants work that are the criminals being sought and the trail that leads to them starts with their hired help (bashers) Let's assume, for sake of argument, you are correct. Wouldn't it be easier to sue the "evil" market maker and then ask them under oath to identify any employees who post on SI or RB? I mean, with Level II you should be able to see if an MM is selling into runs, constantly sitting on the bid/ask, walking the stock up/down, etc., right? If INVT finds out that someone they sued is not an MM or hired by one do you think INVT should drop them from the suit? I must tell you, after following lots of threads here on SI and reading many an SEC report, many a time the SEC claims it's the insiders who were secretly dumping through an MM, and not the MM acting alone. This is not to say that's the case here. As a matter of fact, if an MM thinks a stock is a dog, they'll screw the shareholders by running the stock up on heavy volume and then pull the rug out on light volume. Hey, that's the OTC BBs; it comes with the territory. You're probably thinking: the system sucks; let's change it. OK. How? For example, how to you determine fair market value for an OTC stock? OTC stocks are mostly startups that are deep in the red, so forget a PE ratio and multiples. If an MM establishes a particular a value, is it unethical of them to sell stock for much much higher if people will pay it? If people start selling, is it unethical of them to severely drop the price because they think the value is wildly inflated? I'm interested to know your feelings on this. Thanks. - Jeff