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

To: y2kfree_radical who wrote (54751)	7/15/2000 3:26:15 AM
From: asker2	Read Replies (1) \| Respond to of 150070

AREE NUZA being manipulated. I knew something this had to be going on... I still have positions in both of these so I sincerely hope that these mm's are pee'd on by a diseased yak. Investor Forum: Evidence of MMM On AREE, NUZA By Jack Burney Published by OTCNN.com 07/14/2000 07:30 AM CST Background: A veteran of 20 years as a Market Maker would seem to qualify this commentator. He’s in private trading now, but has some definite conclusions regarding MMM and what must be done about it. He cites incidents of suspected manipulation in AREE and NUZA stocks, based on the numbers. Investor Mike McIntyre writes: “First, one must ask themselves why do Market Makers get to hide in the OTCBB market, not revealing their short positions. This appears to be the main issue behind all of the problems. MMs should be required to hold a very limited amount of a short position (say 10%) which is not held by a paying customer/client." “When Market Makers have an infrastructure in place that allows them to cheat, they will cheat. When they are allowed to -- behind closed doors -- have a HUGE short position and are never made to balance their position in the reasonable short term, they will never correct their positions. Full disclosure of short positions in all OTCBB stocks should be REQUIRED just like it is with the other markets: NYSE, NASDAQ and AMEX.” “It is my honest opinion that there has been ample evidence of late that Market Makers are manipulating OTCBB stocks. I believe that the law of supply and demand should apply. When more buying occurs, a stock should go up. When more selling occurs a stock should go down. This does not seem to be occurring.” “I shall give two examples where I have personally been affected by MM Manipulation. The first is AREE, Arete Industries.” Re: Arete Industries (OTCBB: AREE). The firm is in business of cultivating new start up or development stage businesses by providing managed fixed cost services, marketing and fulfillment services and executive management services, offering entrepreneurs liquidity as a publicly traded entity. It terminated its co-op coupon business earlier this year . The stock closed Wednesday at 3.9 cents, up .002. “Around April 20th,” McIntyre wrote, “after the OTCBB & NASDAQ crash, AREE was around .08 cents. Since that time there has been approximately 89 million bought and 10 million shares sold. According to the laws of supply and demand the price should go UP. One might expect the stock to be around .11 or .12 cents if not more!" “After all, for every share sold nearly 9 were bought! Today the stock is nearly 40% down from April 20th in unfair trading by MMs. I have sold 90% of my position in AREE." Re: N.U. Pizza Holding Corporation (OTCBB: NUZA). Since filing for bankruptcy protection in February, NUZA has had three months of improving cash flow as a result of both a reduction in expenses and an increase in revenues. President Dan Rouse says “We should have no problem developing a plan that allows us to meet all current obligations, pay off our creditors and grow”. The stock was at about 6 cents in early June, dropped to about 3 cents, and closed Wednesday at 3.5 cents. “Since around May 10th,” McIntyre wrote, “NUZA has had around 14 million shares bought and around 2 million shares sold. For every share sold, around 7 have been bought. The stock has fallen unfairly from .065 to .035.” “I still own around 280,000 shares of NUZA and to date can not recall selling any. I am divulging my positions in these stocks so as to be open and honest. Shouldn’t the trading community have the same right from the Market Makers? Shouldn’t MMs be required by the SEC to fully disclose their positions, both long and short?” Comment: The evidence is admittedly anecdotal, because unless some repentant MM decides to spill his guts, no one has access to proof of MMM, and the MMs certainly want to keep it that way. But as the anecdotal evidence builds and the pattern evolves, what are reasonable and objective investors to conclude?