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Microcap & Penny Stocks : Universal Medical Sytems (UMSI) -- Ignore unavailable to you. Want to Upgrade?

To: ozzi who wrote (756)	12/30/1997 11:41:00 PM
From: GeneM	Read Replies (1) \| Respond to of 1672

To all: excellent posts. Personally, I like Archie's idea. I think I might remind some of you [us] that, even though Skaar is an attorney his field of expertise might not be in SEC law (which, must be pointed out, is a field unto itself and requires years of constant researching to remain current, which is no small task). When I first visited the company I was not a shareholder. I represented myself as someone who was representing some shareholders, and just wanted to see if the company really existed. Baker showed me through the facilities and made conversation throughout the tour. I was impressed enough by the physical layout of the place to become a shareholder at the low prices. I did not ask him about the financials, he volunteered the information. In fact, all of the information that he gave me he volunteered. Unlike what JPS envisions, however, I (for one) can not be assuaged a second time. On my next visit I want answers, not promises. I normally get them! As most of us on this thread have never met personally, let me describe myself: I am retired (quite comfortably), and am a full time biker (with an education); I belong to a club (which I will not name). I am 6'1" tall and weigh 230 lbs., have a full beard and many tattoos. I am normally a very gentle person and have 4 children and 5 grandchildren. Despite my gentle nature, I cannot stand to be lied to, especially by someone I don't even know. Trust me (and anyone that wants to be there is welcome), I will get answers or they will have to call the police. I do plan to visit again sometime after the 1st of the year; should anyone want to make plans to go, just let me know; otherwise, I will go alone. In answer to one of the previous questions: whenever stk. is given for some service rendered, it is considered investment stk,. and carries a letter (or legend) for some period of time. After watching the volume for the last month (especially today) you can almost bet on some shenanigans. Although such lettered stk. is included in the shs. outstanding, it is not included in the public float until the letter is removed. Gary is right in his conclusions, anything the SEC might do would be very time consuming, and potentially costly. There probably is a better way, which we can discuss at a later time. GeneM

To: ozzi who wrote (756)	12/31/1997 11:01:00 AM
From: JPS	Read Replies (1) \| Respond to of 1672

Ouch!! Sorry no offense meant, I was merely pointing out that they are much more skilled at bending the truth than we are at detecting it. I was using the paraphrase just to point out that the truth does not seem to be flowing freely despite numerous contacts. While I am a "JCL" to this thread I have lost with UMSI as well. As for the SEC it was just a suggestion, I suspect that they would be much more in intimidated by a lawyer than a biker (gosh again no offense Gene M). Again apoligies to all and I shall endeavor to not appear critical as a New Year 's resolution.