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Microcap & Penny Stocks : Scambusters -- Ignore unavailable to you. Want to Upgrade?

To: Ken Chapman who wrote (77)	4/12/1998 11:54:00 AM
From: Link Lady	Read Replies (4) \| Respond to of 178

Hi Ken. Can you explain what this paragraph is saying? Is there a double meaning? The Company believes that the SEC's action results from activity by promoters and short sellers in part conducted in ''chat rooms'' on the Internet, over which the Company had no control. The Company has made no sales of stock to the public, raising its only capital to date in bona fide private placements. The portion of the Company's stock that is publicly traded was previously issued by a public company with which the Company merged in 1997. The Company's current management is not associated with the management of the public company into which it merged. Weaver said, ''the SEC has not yet had any first-hand look at our technology. We will seek to have the restraining order lifted and the complaint against the Company dismissed. We believe strongly in the potential of our product and want to get on with business.''