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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (48774)	5/30/2000 11:44:00 AM
From: SSP	Read Replies (2) \| Respond to of 150070

The Lists, goldenlists.com Symbol Last Net Chg. Net Chg. % Company Name Tot. Vol. NUZA .0590 +.0190 +47.50 N U PIZZA HOLDING CORP 48000 PHLM .25000 +.07000 +38.89 PHANTOMFILM.COM 21300 CHIP .04500 +.00500 +12.50 LS CAPITAL CORPORATION 303400 AMDI .05000 +.00500 +11.11 APPLIED MEDICAL DEVICES INC 45900 CRVV .34000 +.02750 +8.80 COLUMBIA RIVER RESOURCES INC 13000 SNLV .08000 +.00500 +6.67 SNELLING TRAVEL INC 42400 WAMX 1.56250 +.09380 +6.39 WAMEX HOLDINGS INC 190000 IDNW 1.99000 +.11500 +6.13 IDIAL NETWORKS INC 2400 RINT .12500 REALITY INTERACTIVE, INC. REDI .02500 REDDI BRAKE SUPPLY CORP 142000 LRSY .15000 LASER RECORDING SYSTEMS INC EKSIA .0350 ELECTRO-KINETIC SYSTEMS INC, CL A HVST .0300 HARVEST CAPITAL CORP 102000 MMDI .12000 MRI MEDICAL DIAGNOSTICS INC, COM NEW PCES .44000 PACE HEALTH MGMT. SYSTEMS 8500 KIDZ .15000 DIRECT CONNECT INT'L. CARH 1.81250 COMPOSITE AUTOMOBILE RESEARCH LTD 18500 ASTV 3.25000 ASIAN STAR DEVELOPMENT INC 1400 KLYS .07000 -.00500 -6.67 KELLY'S COFFEE GROUP INC 200500 RTRO 1 7/32 -3/32 -7.14 RETROSPETTIVA INC 500 PMGIF .0650 -.0050 -7.14 PRINCETON MEDIA GROUP INC 10000 MEHO 1.62500 -.12500 -7.14 MERIDIAN HLDGS 8800 NIFI .0400 -.0100 -20.00 NOVA INTERNATIONAL FILMS INC 40000

To: Jim Bishop who wrote (48774)	5/30/2000 11:53:00 AM
From: CIMA	Respond to of 150070

SEC Points Special Enforcers at Accounting Fraud By Stephen Phillips Information technology firms will find themselves at the sharp end of a new anti-fraud effort being unleashed by the Securities and Exchange Commission, the arbiter of financial reporting standards for companies trading their stock on the US public markets. The SEC, quartered in Washington DC, has assembled a task force of senior accountants and lawyers to exclusively investigate cases of irregular financial reporting and accounting. Such probes currently number between 90 and 100 a year, accounting for 20% of the SEC's anti-fraud Enforcement Division's business. The new "Financial Fraud Task Force" is headed by Charles Niemeier, the SEC's chief accountant of the division of enforcement, and Paul Burger, an associate director of its enforcement division, who will command a staff of six lawyers and four accountants. The new unit is aimed at fast-tracking the resolution of fraud cases, which are notoriously difficult to make stick because of differing accounting practices prevalent in different industries. Tom Newkirk, an associate director of enforcement at the SEC, told ComputerWire that IT companies ranked as the worst transgressors of accounting rules due to the pressure of operating in the most demanding industry investment market in the economy. Earlier this month, for instance, America Online Inc settled charges brought by the SEC that it had improperly booked marketing costs as sales. Without admitting or denying liability it agreed to pay a $3.5m fine and re-state its earnings accordingly. "We believe that a lot of people in high-tech areas are not sticking to the rules," Newkirk said. "The pressure to make the numbers [match financial analysts' earnings forecasts) is intense. Their share prices take a worse battering [than other types of company] if they don't make them." Because IT companies operate in fast-moving emerging markets where market share can be sewn up far quicker than in older, more established markets, buying shares in them often yield speedy gains for investors. However this volatility, plus an uncertainty about betting on unproven companies, makes investors jumpy and fickle, rendering firms vulnerable to sharp plunges in their share price if they deliver bad news to the market. --- If you like Thisweekspick.com vote for us at; investorschat.com --- Disclaimer ThisWeeksPick is an independent electronic publication providing information on public companies that in the opinion of ThisWeeksPick, are undervalued and have growth potential. It is ThisWeeksPick policy not to receive compensation from companies that are featured or profiled. In the event ThisWeeksPick is retained by any Company profiled in any manner whatsoever all and any compensation to ThisWeeksPick shall be fully disclosed. 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