To: chirodoc who wrote (4640 ) 5/16/1998 10:47:00 AM From: LegalBeast Read Replies (2) | Respond to of 8242
You know, there is a major griping point about that piss-ant press release that seems to really stick in my craw: When they asked who owned the rest of the shares, they made a big deal out of the company saying that they were not required to release that information. I fail to see what difference it makes, but the folks in Colorado made it out to be sinister or something and I am sure that to a lot of small investors, that may have seemed like PNLK was trying to hide something. Well, the truth of the matter is that lists of shareholders can only be released for very specific "proper purposes". To be nosy about who owns stock in a company is far from a proper purpose. especially from someone who is trying to bash a company. As to the inference, let me draw an analogy: Lets say that you are on trial for a crime and decline to take the stand. If the prosecutor says that your silence is an indication of your wrongdoing, that is an automatic mis-trial. Well, that is exactly what happened here. PNLK was very proper in declining to release names of stockholders. To accuse them of wrongdoing because they did not so release is ludecrous, and for any of you who sold because of that ... THINK ABOUT IT! It was totally irrelevant and they should have never put it in their release. Their action shows their incompetence. As to performing, PNLK has done as they have promised, they have pulled together the resources onto their web site, they have offered for sale, they have, have, have ... you need to consider the bad faith attempt to manipulate the market on the part of the folks in Colorado ... BTW, the site to go to the SEC is www.sec.gov and their email is help@sec.gov just so that there was no misunderstanding, I copied the evil analyst in my email ...