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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: James E. Glover who wrote (22197)	11/25/1997 4:23:00 PM
From: Jamey	Read Replies (2) \| Respond to of 41046

Theres no question that the SEC is closing in on the companies and their promoters that are posting false information right here on the SI web site: "I e-mailed the SEC asking for infomation about the trading halt. The responce was: "The Commission announced the temporary suspension of over-the- counter trading of the securities of HealthTech International, Inc. The trading suspension began at 9:30 a.m. on November 17, 1997, and terminates at 11:59 p.m. on December 1, 1997. HealthTech is based in Mesa, Arizona and operates health clubs in Texas, Oregon and Arizona. The Commission temporarily suspended trading in the securities of HealthTech because of questions that have been raised about the adequacy and accuracy of publicly disseminated information about HealthTech concerning, among other things, its financial condition and acquisitions made by the company. The Commission cautions broker-dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by HealthTech. (Rel. 34-39330) As we advised in our initial response, the SEC conducts inquiries on a confidential basis. This is done to protect the integrity of an investigation from premature disclosure, and to protect the personal privacy rights of persons until or unless formal charges are made. Thus, subject to the applicable provisions of the Freedom of Information Act, as amended, the existence or nonexistence of an investigation is generally not disclosed unless it is made a matter of public record in proceedings instituted before the Commission or in the courts. We cannot comment further." We have already seen most of this. The only interesting part is that we are not going to get any information from the SEC. What ever we get will have to come from GYMM." CNBS News FYI CNBS just announced news about a major investigation conducted jointly by the SEC, FBI, NASDR, NASDAQ and NYPD (perhaps others) that resulted in 19 arrests that included members of the Genovesce family (and members of another mob family), market maker Meyers Pollack Robbins, Inc., and executives of Health Tech, Intl (a NASDAQ small cap stock). Since early this year, this stock had been subjected to gross pump-and-dump tactics by those arrested.