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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Joe Lyddon who wrote (57865)	7/7/2000 8:27:54 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

ewy gooy->Two Men Agree to Settle SEC Charges Over Earthworm Venture Washington, July 7 (Bloomberg) -- Two men who sold $8.5 million worth of shares in a now-bankrupt earthworm farm were barred from violating key provisions of the federal securities laws, the Securities and Exchange Commission announced. U.S. Circuit Judge Richard A. Paez in California permanently barred Robert J. Dalton and James L. Masini from committing future violations of the antifraud and registration provisions of the securities laws, the SEC said. The judge also ordered the two to return $856,839 in illegal profits, but waived most of the penalty due to their inability to pay, the SEC said. Lawyers for Dalton and Masini could not immediately be reached for comment. Last October, the SEC alleged that Dalton, Masini, George J. Bodlak, and their company, Professional Brokers Group, persuaded over 250 people across the U.S. to invest in an earthworm-breeding enterprise operated by Ecology Farm Management Inc. which sold worms and their castings. Worm castings, soil that's been digested by the worms, is considered good fertilizer because it is rich in nitrate, phosphorus, calcium, potash and magnesium. Investors were told they could buy worm ``herds'' of various sizes to be raised on a farm east of Los Angeles in California's Paradise Valley, the SEC said. They also were told that the farm would enter into contracts with Wal-Mart Stores Inc. and Home Depot Inc. to sell the castings and that they could make profits of at least 74 percent, the SEC charged. Instead, the men used about 52 percent of the investors' money to pay sales commissions, overrides and administrative expenses, the SEC alleged. In addition, some investor returns were paid with funds from new investors, the SEC charged. The farm never made a profit selling castings and never entered into contracts with Wal-Mart or Home Depot, the SEC said. Without admitting or denying the SEC's allegations, Bodlak agreed last fall to pay $13,946 in restitution, interest and civil penalties. Masini, also known as Jim Hall, and Dalton, also known as Robert Oliver, did not join the settlement at that time. Jul/07/2000 16:26 ET For more stories from Bloomberg News, click here.

To: Joe Lyddon who wrote (57865)	7/7/2000 11:32:43 PM
From: labs	Read Replies (1) \| Respond to of 122087

Hi Joe, If you are talking the HOTJ, I was hoping it would be a quick trade for the day. I am looking for about 15 to 15 1/16 if it breaks 15 that would be great, but there seems to be some support there. I am going to put in a stop @ 17, but it finished weak so I think I will see low 15's before I see 17. On GNSL I am waiting to see where the top is. I have allocated well, so I am going to try to go even or make a little if I can. I don't want to do the same thing I did on BIOI, where I invested time in my short, got a good average but covered for a small hair-cut, then proceeded to watch it tank the next day. What a piss off! Have a great weekend. Labs