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

To: CIMA who wrote (52729)	6/27/2000 1:24:00 PM
From: myturn	Respond to of 150070

I have spoken with Clint on numerous occasions. He is straight shooter and a very, very nice guy. I like what he is doing for the investment community. All should visit his site. Cheers RG

To: CIMA who wrote (52729)	6/27/2000 7:52:00 PM
From: Jim Bishop	Respond to of 150070

By Jack Burney Published by OTCNN.com 06/27/2000 08:25 AM CST (The SEC invited comments on proposed changes to the rules governing short sales of securities, among them, a proposal to extend short sale regulation to "non-exchange listed" securities, which includes OTCBB stocks. These are excerpts from one investor's statement to that body. Send your comments to www.sec.gov/rules/concept/34-42037.htm, Subject: File #57-24-99.) Investor Sally Prescott wrote the SEC, "Something must be done about the naked shorting of bb stocks by market makers." "These small stocks represent small businesses that are struggling in America to become profitable and to add to the wealth of goods, services, technology in this country." Prescott wrote. "However, when their stock can be literally played with, walked down, naked shorted? the playing field for them is not level, nor anywhere near fair." Prescott wrote, "Thousands of us have seen this (shorting) going on from day to day, hour to hour, moment to moment, and it is totally unfair to the small investor. I am speaking of those who do their due diligence, really look into the company and then decide to invest for the long haul. Not day traders." She continued, "Many of these small companies will become important in our economy, but the uphill fight they face is daunting and should not exist in a society such as ours, where fair play is the watchword. Something must be done and soon before all confidence is lost in this area and that same doubt spreads upward to larger cap trading. It has become critical that something be done now. If the SEC has no power, who does? Will people have to turn to Congress to get this remedy for investors?" She added, "The market makers' blatant disregard for the individual investor on the B.B. is so obvious. No one does anything to stop their stealing of our investments by their naked shorting. "Believe me, I speak here for thousands of BB investors," Prescott wrote the SEC. "They feel their own government is on the side of close-to-criminal activity? As you know, some of the market makers? defame good companies, small businesses here in America that are trying so hard to make a go of it and succeed." "The time is now for action," Prescott concluded. "Thank you for your attention to this message and I do hope it is not ignored and that the SEC who is the protector of investors, extends that concern to the small investors, those least able to fight back when injustice in the market is allowed."