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To: Jay Maitland who wrote (1670)	12/9/1997 9:22:00 AM
From: M. M. Jones	Respond to of 4736

At last! We'll have a chance to see some financial statements -- official ones at that. No more dinasaur songs. We'll get the real thing. M.M.

To: Jay Maitland who wrote (1670)	12/9/1997 9:55:00 AM
From: Sidney Reilly	Respond to of 4736

Jay, Very interesting, thanks for posting the article. I think any company that is trading stock should have to file financials with the SEC. I hope they go through with this and make the OTC:BB a safer place to invest. The downside for companies that want to trade stock to raise capital is if their financials look like hell they won't have a chance. They can't just merge with a shell and start dumping stock to raise capital, they will have to show what they are doing on paper. That will chase out all the real losers to the pink sheets and leave the better start-ups on the OTC:BB. It's about time! cya, Bob

To: Jay Maitland who wrote (1670)	12/9/1997 3:01:00 PM
From: alchemy	Read Replies (1) \| Respond to of 4736

Hello Jay: Thanks for the article. That should clean things up and simplify things for us. I have seen some articles relating to OPEC plan to increase production. The consensus is that if it happens, the oil stocks will take a hit which seems to be happening to a few that I'm watching. I also just came across a piece on the Individual Investor regarding the oil sector that's bullish for us: "Standard & Poors, predicts that worldwide oil demand will increase 2.5% in 1998. This compares quite favorably to the first half of the 1990s, when growth hovered around 1.5%. Increasing energy needs have heightened the demand for oil and gas exploration activities, which has carried over to firms that assist in the exploration and drilling process. As a result of the increased demand, oil and gas producers are increasing their capital expenditures, which translates into additional revenues for the companies that provide support services." I wonder if the "China Effect" that is supposed to dramatically boost oil demand is kicking in five years sooner than expected? Or is this going to be a tough year for the oil sector? marty