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To: Lola who wrote (873)4/16/2001 10:53:21 PM
From: Augustus Gloop  Respond to of 1100
 
After many years of salted mines among other issues I believe you are correct.



To: Lola who wrote (873)4/16/2001 10:59:34 PM
From: zonkie  Respond to of 1100
 
Yes there is a rule that says you can't pay anyone to spam or profile your company. It is called rule 701. They are getting around this by saying the compensation is coming from a third party, which it probably is at the time the profiler receives the shares and/or money. It is one of the reasons why you see so many filings made by scams saying they are giving shares to someone to be a consultant for their company.



To: Lola who wrote (873)4/16/2001 11:01:08 PM
From: joseph krinsky  Read Replies (1) | Respond to of 1100
 
yes but I think they are circumventing that law by having that "unknown third party" give them the shares. what happens is the company gives or sells shares at reduced prices to someone, and then that person gives shares to the promoter. bwthdik.