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Non-Tech : International Heritage (IHIN) -- Ignore unavailable to you. Want to Upgrade?


To: John Reed Stark who wrote (21)3/13/1998 3:45:00 PM
From: Cosmo Kramer  Respond to of 454
 
<<AN ANNOUNCEMENT FROM THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION:

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934

RELEASE NO. 39749/ March 13, 1998

The Securities and Exchange Commission announced the temporary suspension,
pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange
Act"), of over-the-counter trading of the securities of International Heritage, Inc.
("IHIN"), a Raleigh, North Carolina company >>

WOW John that says a lot about this company. Investors should be very careful. Especially since Dan is involved!!



To: John Reed Stark who wrote (21)3/13/1998 4:01:00 PM
From: Cosmo Kramer  Read Replies (1) | Respond to of 454
 
Pyramids don't pay. The Federal Trade Commission
caution consumers about clubs or programs that promise quick money for
recruiting new members. Don't bank on the pyramid promise that someone
else will pay you.

Sound familiar??



To: John Reed Stark who wrote (21)3/13/1998 4:06:00 PM
From: Cosmo Kramer  Respond to of 454
 
Looks like this baby has been halted as of around 1 PM:

quote.yahoo.com

Dan strikes again!!!



To: John Reed Stark who wrote (21)3/14/1998 4:00:00 AM
From: Stephen Kenneth Kurtz  Read Replies (2) | Respond to of 454
 
I have seen Stan V. give a presentation and I was very impressed with the company. I am from Canada and know people who have invested a large amount in the co. I'm only sorry I never kept after my broker to tell me when it went public. I know guys that are representatives and they are after me to join the co. They say I should join but I would rather make the money in the market so I will probably buy on Monday. Do you have any target for IHI? I look forward to hearing what you have to say about the co. If it is anything like what Amway did I am definantly interested. All those that are involved in the company say it should rock. Recently they have increased the number of products they offer and they say they should soon be a house hold name. If this is the case I want to take part. Keep me posted on any developments and I must ask are you a rep? If so you probably know the compensation system and how do you feel about the co?



To: John Reed Stark who wrote (21)3/14/1998 1:21:00 PM
From: Gutterball  Read Replies (2) | Respond to of 454
 
I have a question after reading comments by Arthur Levitt (SEC Chairman) which Arcane Lore was nice enough to post links to.

As I understand things, the SEC uses trading suspensions "to put investors on notice of potential fraud" and "to leave promoters holding worthless stock before they are able to dump it on unsuspecting investors."

In the case of IHIN, the stock traded for about 1 1/2 days before it was suspended. None of these trades have settled.

My question concerns how far the SEC is willing to go to protect unsuspecting investors. Considering none of the IHIN trades have settled, and fraud is suspected, would the SEC protect investors buy busting all trades, thus leaving the promoters with worthless stock?

Nobody profits, nobody is hurt if all the trades do not settle.

We've seen the SEC talk the talk, there now appears to be an opportunity for the SEC to walk the walk. You can be proactive in this case and really protect investors from the onset. Discussion?