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

To: SSP who wrote (99831)	1/20/2002 2:59:10 AM
From: Taki	Read Replies (1) \| Respond to of 150070

I understand what you are saying, butyou can not achieve such an idealistic situation unless you can stop a scam at its moment of conception. Your previous statements seemed to point fingers at those who report or pursue thieves. Perhaps more care and clarity in your first post would have prevented my misunderstanding of your statements that seem to insinuate. Who were you saying the transfer of money was to? It is unfortunate, but some businesses do make money and not always for those who deserve it. Just as some businesses whose owners are honest and with good intentions do not turn a profit. There are many types of predators, but I will not begrudge success to those who later discover scams and assist the law in apprehending con artists at any and every level. Just as we are playing catch up in the legal system in our pursuit of terrorists and other criminals, we are playing catch up here. We all have to be watch dogs and contribute to the betterment of the capitalistic system that is a balance of freedom and equality.

To: SSP who wrote (99831)	1/21/2002 1:35:16 AM
From: Qone0	Read Replies (2) \| Respond to of 150070

There's a problem with the system when people are buying into a stock that shouldn't exist to begin with. Number one - SEC, NASD, should verify addresses aren't mailboxes only. There should be more stringent checks to go public. - that way peoples money won't go into a scam. SSP, it would be very easy for the SEC to stop all scams in the stock market if they REALLY wanted to. All they would have to do is break every trade ever made on a scam stock. If they did that just once there would be no scams in the market, because there would be no profit for the scammers. Instead though they hault it. And it never trades again. The people that got taken in the scam lose everything. The SEC even takes away the value of the public shell from the victims. So what we have is a system that rewards scammers. Short selling makes scams even more profit. The scammer can sell huge amounts of stock before any sign of dilution or insider distribution is made public. ALL scams have to have short selling to work. Floorless debentures must be able to be short sold or the scammer can`t drive the price down to convert. GENI a classic scam where the scammers short sold more stock than there was. The SEC only haulted it after a short seller failed to deliver stock. As I understand it.