To: michael d kugler who wrote (20234 ) 11/20/1997 12:03:00 PM From: Hawkmoon Respond to of 55532
Michael, Charlie Huttoe was a paid promoter who, I believe, was given shares of SEXI as compensation for saying positive things about the stock. He apparently was not registered with the SEC as he should have been. But all is not lost for Mr. Huttoe.. At least he has "3 hots and a cot" to comfort him, all at taxpayer expense. He may even start get a chance to recondition his "girlish figure" with an aggressive weight training program. However, if you "hype" a stock by saying misleading, or intentional false/incorrect information, and then sell your stock for a profit, you may be guilty of "front-running" and be fined up to 3 times the amount of any profit received. The proper use of the internet should not be to encourage/discourage individuals into making an investment decision. It is about the sharing of information and forming a collective knowledge base among shareholders who investigate, confirm, and reconfirm information presented by a company. Riley, I'm really sorry that you have taken the approach that you have. It has been, in my eyes, manipulative to the trading of OVIS/RMIL. I believe that you are being duped by management and acting as an unwitting(witting?) agent in whatever game they are playing. If the SEC halts this stock, you will certainly receive the notoriety that you apparently seek. You will make the headlines of the Wall St. Journal and any other rag out there with an agenda against the intenet investment phoenomena. You are going to be facing quite a few legal bills as well, and will have over 30,000 SI posts to discuss with some SEC staff attorney. I can just see them now(the SEC attorneys), licking their chops, getting their informational ducks in a role, subpoenaing DTC sheets, plowing through reams of documentation and downloaded SI posts. They are loving this(although they would, if so inclined, only publically discuss how disturbed they are by what they are seeing). What has happened out here on the OVIS/RMIL thread is exactly the type of activity that they have complaining about and the 30,000 posts they see makes this company even far more "career enhancing" than SEXI or IDID ever could be. Just approach RMIL from their perspective. 1. They don't like the BS they see surrounding internet hype surrounding various companies, but they don't quite know how put a clamp on it without violating free speech issues. 2. Investigating Internet Fraud is VERY SEXY(pardon the pun.. :0) for a SEC staff attorney looking to make his bones and for some upward movbility. SEC staff attorneys are understaffed, overworked, underfunded, and looking for an exit strategy to the private sector. eg: The head of the Miami Regional office, Mr. Senatore, which controls a pilot program related to uncovering potential internet fraud, just left the SEC for a very lucrative private position as a corporate attorney. 3. The fact that RileyG has some mild amount of celebrity status as a psychic will read EXTREMELY well in the Wall St. Journal. Sorry Riley, but your profession will bring RMIL to tabloid status. Hell, you even went so far as to put out a press release!! The SEC is loving this. 4. You should not infer that the SEC is not concerned just because they haven't taken any action to date. They are watching, waiting, and collecting their information so that they have a clear-cut case, once they shut the stock down. They want no mistakes or long costly investigations. Nothing but quick success will be acceptable!!! They were allegedly investigating GIFS for some months before being forced to take action when the State of Tennesee shut that company down. 5. There may be BIG FINES involved in this case, given that Mr. Puhr may have an evident conflict of interest and that Mr. Mork has an illegal short position. I'm sure they are looking at Mr. Mork and any connections to organized crime as this has been one of the reported ways that the mafia has been making big bucks, shorting companies into non-existence. Basically, they are very attractive reasons that the SEC would take a closer look at RMIL. But they will wait until they feel the time is right, or are forced into taking action by some other event, such as a state agency stepping in. Again, put yourself in the role of an SEC official and then tell me how you feel about this company. JMHO. Regards, Ron