Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: PartyTime who wrote (9474)	6/24/1998 2:52:00 AM
From: Jon Tara	Respond to of 18444

"Cunningham, do you happen to know what of Doubleclick's financials were exposed to the public prior to the IPO? " All of them. In the prospectus, in the period immediately prior to the IPO. Everyone buying at the IPO is required by law to be given the prospectus, which includes a very complete financial accounting, and even more information than the company is required in included in their quarterly and annual reports. Prior to that? It was a private company. I'll bet their handful of shareholders were WELL-informed. The fact is, that the withholding of this information from shareholders - i.e. being a "nonreporting company" is abusive and detrimental to shareholders. So much so, that the NASDAQ has set a deadline by which all BB companies MUST become reporting or be delisted. A year from now, a situation like this one will not be allowed to exist. Online penny-stock promoters will have been forced one notch down into the pink sheets, where you won't have to worry about real-time quotes, as there aren't any. Sadly, people will still be sucked-into these stocks, but it will only be a matter of time before justice prevails, and ALL companies will be required by law to make full financial reports to their shareholders on a regular basis. Right now, unfortunately, this is not yet a matter of law - just of common sense, which is abandoned by every shareholder of a non-reporting company.