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To: Due Diligence who wrote (51181)	6/13/2000 4:22:00 PM
From: justmickey	Read Replies (1) \| Respond to of 150070

Ain't that just grand though... But when it comes right down to it, we all knew they did this crap. The trick for us is to figure out when they are jerking prices around and make them pay for it. When they try to force the price down so that they can suck up a load of shares, we all have to sit and make them move it up before putting any of ours back on the market. And when the pump it up to dump they shares, we have to be smart enough not to buy. How we get that smart is ytbd. Mickey

To: Due Diligence who wrote (51181)	6/13/2000 8:03:00 PM
From: Jim Bishop	Respond to of 150070

Amazing...or is it even a surprise. It is worth repeating, and posting again. Looking forward to tomorrow's installment. otcnn.com Secret Phone Tapes Reveal Market Maker Contempt For Investors By Jack Burney 06/13/2000 09:52 AM CST (This is the third in a series of articles about secret market maker manipulation of OTCBB stock prices, and the need for a rule to require full disclosure of short positions in OTCBB stocks. If you know of such instances of MM suppression of stocks, please tell us the story at jburney@otcnn.com) Listen to the way your friendly neighborhood Market Maker sneaks around behind the scenes to steal your money. These are excerpts from a SEC investigation. In the first recorded conversation, one market maker asked another to move his bid up to create a>higher inside bid in order to foster a false impression of increased demand: Trader 1: Hello. Trader 2: Can you go 1/2 bid in the (nickname) stock? Trader 1: (name of stock)? Trader 2: Yeah. Trader 1: I'm up. Trader 2: I'm trying to make a higher sale. Trader 1: You got it. Trader 2: Thanks. This quote move facilitated a sale by Trader 2 to an institutional customer at a higher price. Another taped conversation involved a 3-way conversation. At the time, the firm that employed Traders 1 and 3 was quoting 28 1/2 offered for the stock in question: Trader 1: Hi guy. Trader 2: Hey, tell him (Trader 3) I'm paying 1/2 for 25,000 (name of stock) if he wants to make a print. Trader 1: I'm sorry. What do you got? Trader 2: One-half for 25,000 (name of stock) if he wants to make a print. (Pause while Trader 3 gets on the line.) Trader 3: What are you looking for? Trader 2: Twenty-five. Trader 3: Are you (expletive deleted) kidding me? Trader 2: No. No. I got ... Listen. Listen, don't sell me anything. Move up. Trader 3: I just (expletive deleted) plugged about six guys. Trader 2: Did you? Trader 3: Oh, my god. Trader 2: Get up. Get up so I can make a higher sale at least, all right? Trader 3: Sure. In this scenario, Trader 2 refrained from insisting that Trader 3 honor his quoted ask price, but instead requested that he move his firm's quotes up. Trader 3 moved his firm's quotes up, as requested. This was intended to facilitate sales by Trader 2 at higher prices. A third taped conversation illustrates how market makers intended such quote movements to mislead: Trader 1: Hey, man. What's happening? Trader 2: Hey, uh, this (name of stock)? Trader 1: Yeah. Trader 2: You don't mind jockeying around in this thing for me, do you? Trader 1: Not at all. Do you want me to go up? Trader 2: I'm trying to make a sale on my offering, here. Trader 1: Let me go to the bid. Trader 1 moved his firm's quotations so that he was bidding the inside bid price. This was intended to assist Trader 2 to sell at a higher price. Typically, the market maker acting as "agent" would go to the inside bid to advertise its interest in buying stock, and go to the inside ask to sell stock. Such an arrangement is illustrated by the fourth taped conversation: Trader 1: Anyway, I got some (name of stock) for sale. Trader 2: You do? Trader 1: And I can't go down offered at 3/4's. Could you go down? Trader 2: Absolutely, I'm . . . Trader 1: Are you doing anything at all? Trader 2: I'm working for you. Trader 1: Okay. Trader 2: I'm at 3/4's. I'm good for at least 5, right? Trader 1: You're good for 25. Trader 2: Okay. No, I mean, sometimes . . . Trader 1: Right, right, no. Trader 2: Guys want you to move and it's not - I figured you would be for a decent size. Trader 1: I'm the real thing. Trader 2: I understand. Trader 1: I'm going to follow you down, probably, but I'd like to see the stock down some. Trader 2: Okay. Trader 1: Okay. But it's not okay. The casual way in which such Market Makers sneak around to steal money from the investors who trust them is astounding to most investors. But what would you call it if not "stealing?" Few investors want to believe that it is possible for such crimes to go on, but they do go on. They are going on today. It is the routine way many Market Makers do "business." More on this SEC investigation of MM manipulation in subsequent stories. Meanwhile, OTCBB investor and company complaints continue to pour in to OTC News Network, not to mention encouragement that we continue this series. (Tomorrow: The strange case of Symphony Telecom International, Inc. (OTCBB: SYMY) and how the MMs conspired to deflate it, from the viewpoint of an investor and a trader, who is just as appalled at MMM as the investors.)

To: Due Diligence who wrote (51181)	6/14/2000 10:02:00 AM
From: Jim Bishop	Respond to of 150070

CCAA news out: OKLAHOMA CITY, June 14 /PRNewswire/ -- Joseph Cala, Chairman and CEO of Cala Corporation (OTC Bulletin Board: CCAA) today released an explanation of Cala Corporation's strategy regarding the series of recently announced transactions. Cala Corporation will act as a co-master developer on the Istanbul hotel and Turkish water treatment plant projects. These projects represent a total expenditure outlay of $397 million. Cala Corporation owns 51% of the development contract, which is expected to generate fee income. The co-master development agreement was entered into with the Southern Italian engineering and architecture firm of AGS srl. Mr. Cala further explained that Cala Corporation's interest in purchasing Costanzo Industries of Italy is centered on its ability to handle large construction contracts like the two in Turkey. Cala Corporation also wants to tap Costanzo's vast construction and expansion capability to build additional licensed Molino/Modaferri bakery/cafe units throughout Italy. Costanzo Industries, one of Italy's most prolific builders of resorts and hotels, currently has over $200 million in short and long range contracts. Mr. Cala also pointed out that Costanzo Industries could play an important role in Cala Corporation's plans for the Undersea Resort and Casino expansion. Mr. Cala concluded by saying that the synergism created by these transactions would be typical of Cala Corporation's overall approach to expansion in the future. About Cala Corporation. Cala Corporation is a developer of international hospitality businesses with a corporate emphasis on the ownership, operation and management of hotels, resorts and casinos. Cala Corporation is currently developing the Undersea Resort and Hotel project with proposed locations throughout the world. The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. For further information on Cala Corporation, please contact (405)235-4960 or e-mail info@calacorporation.com. SOURCE Cala Corporation -0- 06/14/2000 /CONTACT: Cala Corporation, 405-235-4960, or info@calacorporation.com/ /Web site: calacorporation.com / (CCAA) CO: Cala Corporation ST: Oklahoma IN: LEI SU: