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Microcap & Penny Stocks : SIIS (Struthers Industries) -- Ignore unavailable to you. Want to Upgrade?

To: tahoeman who wrote (630)	11/21/1997 8:51:00 PM
From: gpphantom	Read Replies (1) \| Respond to of 709

Isn't it strange that with the J.P. Carey shares out of play the volume hasn't dried up and the price hasn't stabilized? Or I should say I hope the price hasn't stabilized, not at 28.5 cents. After all, according to Dan, the J.P. Carey group were selling their shares to-be -received short, and that was what was responsible for the volatility and declining share values. The agreement to buy back the J.P. Carey shares was characterized as stabilizing, suggesting share price stability would result from taking out the short sellers. But could it really have been to dodge a legal bullet instead? It sure hasn't provided support for the stock. J.P. Carey said they weren't responsible for shorting the stock and it looks like they were truthful. So Raoul and Dan, who is responsible for the volume? It's hard to believe that, with less than 4.9 million shares in float, Wincom doesn't know where the volume is coming from. Raoul, I know you "didn't tell me to buy the stock" but my investment in SIIS is now worth a little more than $8,500, or about 9% of my cost. My investment falls short of other's on this thread, and I know of several who's lives have been severely damaged as a result. You have failed us (and SEC reporting requirements) by not filing the 1996 10K and the 1997 first and second quarter 10Q's. Investor's rely on this information to manage their investments. Why did you file extensions for the K and the first quarter Q, blaming your auditors, never to follow up? I've been in contact with the SEC and they say you (Struther's) are in default and are still required to report. They have no record of acceptance of form 15 relieving you from this responsibility. Raoul, how about getting Dan to fill us in with your understanding of your reporting responsibility to your shareholders(?)