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To: willcousa who wrote (59215)5/3/2002 9:57:49 AM
From: GVTucker  Read Replies (1) | Respond to of 77400
 
The SEC won't let me set up a card table at the county fair and sell worthless stock. Why should the SEC let Mer do it? I want equal treatment. I agree that the public has the primary duty. How is selling stock in a paper company different from a lot of scams that prosecuters go after every day?

You've got the full right to sell stock in your own scam as long as you disclose all of the relevant details. It is very easy to register to become a broker/dealer. You've got your equal treatment.

Ever read the prospectus for one of those piece of crap internet scams from the late 90's? Most people didn't. They basically said very clearly that the deals were pieces of crap. The ONLY reason that people bought into those deals was greed. They didn't complain when they got lucky and made some money off those deals. They shouldn't complain now that the music has stopped.

The scams that prosecutors go after every day have no disclosure at all, or else the disclosure is completely false. That is very different from the internet bubble.