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Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII) -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (4495)	6/27/2000 3:14:00 PM
From: ST Trader	Read Replies (1) \| Respond to of 6039

Message 13936840 Scott

To: Mama Bear who wrote (4495)	6/27/2000 3:38:00 PM
From: A.L. Reagan	Respond to of 6039

Scotty and all - COII met the requirements to be national market NAZ-listed: 1. Market cap 2. Tangible book value 3. Float 4. SEC compliance It is not the task of the NASD to perform extensive DD on companies if they pass the above. And the SEC's main job is to review the adequacy of disclosure. Remember everybody the standard disclosure: "the SEC has not reviewed the merits of an investment in XYZ, etc." I am not a securities lawyer, but the disclosures in the recent filings appear to be fairly complete in terms of the requirements. Once COII completed the March private offering, it met the tangible net worth requirement. So no reason why it wouldn't qualify for a listing with compliance brought up to date. It does not take much judgment to review the SEC filings against the press releases and company statements and come to a conclusion. I doubt many of the 28,000 individual investors allied against breast cancer have read or can understand the filings, or have much of an understanding of stock market valuations. But a great many potentially damaging facts are there in the SEC filings. Peter M. has scratched the surface with a few. There are many more. These will be highlighted in due course - or you can just indulge yourself in the EDGAR database. Any other speculative stuff that gets proven like fraud, sex for shares, etc. will be icing on the cake, but it is not necessary to evaluate the merits of a short position. I don't see the short argument that trading in this gets halted. Usually that's on account of some material adverse event. Since this company fundamentally doesn't actually do anything, has no earnings, no expectation of any earnings, no real product to sell (shadowy related party sales excluded), and never has had any, what could be materially adverse? So, I am delighted with the NAZ listing development. First, I hope that since the stock will be much more readily marginable, we get a nice little pop from the longs. I'd just love to see a bunch of margin buyers out on this one. Second, of course, I want to short - just before the "D" part of the P&D gets started in earnest. Suspect there will be a final "P" push just before we get started. Third, the listing makes it a whole lot less risky to short in terms of being vulnerable to BB shenanigans. Fourth, it will become a lot more interesting to media types like Greenberg, Fleckenstein, and the folks at Bloomberg and Marketwatch who are always looking for good story stocks to write about. OTC:BB scams just aren't news. I'm all for liquidity, full disclosure, and honest debate (tongue-in-cheek posts excluded). So bring it on! Also, Scotty, FYI the reason for "the pack" arriving is the secondary, IMO. Without a good healthy dump component around the corner, these things are a lot less fun to short.