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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: jan_mike who wrote (2589)	12/3/1997 1:12:00 PM
From: Sojourner Smith	Read Replies (2) \| Respond to of 11708

good points. I can understand your frustration, I have been there many times.. However I get frustrated when I read posts by many who put down the company when I don't think they have control over some of the outside forces. I will avoid the digs in the future, but my point was that some here didn't realize that this was a long term investment when they bought after a 250% increase in 3 days and these type of investments go up and down. There are lots of historical examples. It is good that you will call the company. I feel they were trying to be straight with the financials. Hopefully people will believe in them, and they will continue to make good $$ decisions and will end well. I do not think people should buy anything if they have any concerns. After one buys if you are long term, it pays to keep up with company, but why do so many start accusing them of screwing up? I am sorry - it wasn't directed 100% to you. I guess I need a break.

To: jan_mike who wrote (2589)	12/3/1997 2:32:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 11708

Mike-Way back in the early days of this thread, we were referred to an article that talked about the various shorting methods done on these BB stocks. I called some of that shorting illegal. But in retrospect, it may not "technically" be illegal. If one can find a broker to let one short a stock, there may not be legal requirements for that broker to call another broker and request to borrow shares. It is a requirement on NASDAQ,AMEX, and NYSE, but it appears not to be on BB stocks.However, if it can be shown that an individual shorted a number of shares that exceeded the total shares outstanding there might be a case. In any event the thrust of this article is that often times when people complain to the SEC, the SEC first attempts to determine if the Company itself is involved. I have no experience with this but that's what the article talked about. Moreover, whether the shorting is legal or illegal is kind of irrelevant. If the shorting is excessive, calling our certificates can exact pressure on the shorters and drive their price to cover up. Can someone shed light on that article and also if the SEC often times seeks out the innocent victims first? TraderGreg s