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

To: Jeffrey S. Mitchell who wrote (193)	5/28/2000 3:58:00 PM
From: Seer	Respond to of 214

Jeff, I don't know how INVT needs to handle the lawsuit against bashers. I personally would not have played that card at this time so we'll see what comes of it. Moving the price up and down on reasonable buying or selling is expected but I think it's wrong that MM's on otc/bb stocks can naked short to the extent that they do(virtually unlimited). They often take their naked positions far beyond what would be considered necessary to make a fair market. And then when a company turns out to have more than the typical bb does (in the way of a real business) it's no longer in the MM's interest to make a "fair market" because that would go against the position in which they have shorted themselves. I would like to see enforced regulation by SEC extended to include all MM activities on the otc but I believe we'll see electronic trading (which cuts out the MM) before that happens. It is coming imo. As for a fair value/price in a otc/bb?? Good question... Although MM's and ethics don't mix, I don't think the system "sucks". I don't really know how else to change it. Experience has taught me how to prosper within the otc badland as it is. I'll adjust my strategies as the rules change. At least by the end of summer all otc listed stocks will comply with the sec reporting requirements so that'll be a start but your point is made. good investing to you. Pete Seer

To: Jeffrey S. Mitchell who wrote (193)	5/29/2000 8:30:00 AM
From: Plato	Read Replies (2) \| Respond to of 214

Jeff, 1. The system DOES suck and will be changed; may take some time. It began by requiring OTCBB's to become fully reporting. More changes will take place over time including the "naked short" issue. 2. Since the SEC began requiring fully reporting status, now most OTCBB's are NOT start-ups; many OTCBB's are companies that have been in business for years and simply do not qualify for listing on other exchanges, or have no desire to do so. 3. In speaking with a colleague from another country, he hit the "nail on the head". He respectfully said, "You Americans are so confusing, why do you pass laws that protect the criminals?" He was specifically referring the market markers, for he realizes that market makers can get away with things on the US markets that they cannot in Europe. 4. INVT is pursuing bashers, individually or as employees of market makers, because INVT intends to be around for a long time and this problem will not go away unless as many OTCBB's as possible take action. This is not for immediate purposes but for future purposes. My final question to you is this: You've already posted your disdain for INVT, so why do you continue to come to the INVT board to post? Logic would dictate a person post on a stock that he was interested in and wanted to do additional research on. Yet, you continue to post here; hmmmmmmmmmmm.