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To: cAPSLOCK who wrote (4016)6/25/1998 9:59:00 AM
From: Hunter Vann  Respond to of 4736
 
Here's some interesting information from the President of the Nasdaq stock market. An interview in the money section of USA.

Q: You've introduced rules to curb fraud and ensure that the smallest companies report financial information on a regular basis. If a company doesn't comply, it can be kicked out. How will this affect investors?

We're trying to have companies that trade on the bulletin board file with the Securities and Exchange Commission. We think that if companies can't bring themselves to tell investors what's going on, they better find some other place to trade.

Q: Much of this was prompted by the 1996 Comparator scandal in which stock of a company that had almost no assets and lied to meet listing requirements climbed 3,000% in three days and broke Nasdaq volume records. What did that teach you?

It hurts the whole business, not just the Nasdaq. People shouldn't have to worry. We should have laws that make it so painful for people to develop fraudulent securities, sell things on fraudulent expectations that it's not worth it. The big companies don't do it because they have too much to lose. Little teeny companies and investment banks may have the incentive to fool people. And I'd like to put nails deep in their bodies.



To: cAPSLOCK who wrote (4016)6/25/1998 9:35:00 PM
From: M. M. Jones  Read Replies (1) | Respond to of 4736
 
Hi cAPS,

How are you today?

I wonder if the following has anything to do with the Porter Field well structures?

June 25, 1998

'Flat' Nebraska Going Vertical

A.P. INDEXES: TOP STORIES | NEWS | SPORTS | BUSINESS | TECHNOLOGY | ENTERTAINMENT

Filed at 4:22 p.m. EDT

By The Associated Press

LINCOLN, Neb. (AP) -- In flat-as-a-cutting-board Nebraska, where the horizon is broken
only by an occasional stand of trees and a grain silo, some folks have gotten the urge to go
vertical.

They're building a giant archway spanning Interstate 80 in the middle of the state and
drawing up plans for a 610-foot stainless-steel tower resembling a tornado near Omaha.

''We don't have anything that's vertical here,'' said artist Robert Hogenmiller Jr.,
explaining why he is designing Vortex the Tornado Tower, a $35 million contraption that
would use lasers to create the illusion of a spinning twister.

About 175 miles west, construction is set to begin Thursday on the $40 million Platte
River Road Archway Monument, an 80-foot-high, 300-foot-wide arch over the highway
near Kearney.

''This will help break up the long drive across Nebraska,'' said Roger Jasnoch, president
of the Kearney-area Chamber of Commerce. ''You should be able to see it three or four
miles away.''

The monument is intended to commemorate the Platte River Valley's role in America's
westward migration. More than a quarter of a million people trekked the 2,000 miles from
Missouri to the West Coast between 1845 and 1860.

Former Gov. Frank Morrison leads the nonprofit foundation that has been raising money
for the archway.

The Tornado Tower hasn't moved much beyond this week's resolution from the Cass
County Planning Commission saying that a developer should build it. Hogenmiller's
proposal includes a restaurant, museum, theater, and an observation deck with 25-mile
views.

Not everyone is thrilled with plans that run counter to the natural flat order of things.

''That'll really boost tourism,'' deadpanned Eric Wilkinson of Lincoln. ''Come to
Nebraska! See our giant tornado and arch!''

If built, the tower would eclipse Nebraska's tallest buildings. Omaha's Woodmen Tower
at 440 feet and the state Capitol in Lincoln at 400 feet rank as two of the few structures that
scrape Nebraska's sky.

Nebraska flatness inspired Bertram Goodhue when he designed the Capitol, said state
architect Robert Ripley. ''He was taken by the incredible distances that could be seen on
the Plains -- the great expanses,'' he said.

Ripley recalled a jab from a Bostonian who once observed that Nebraska was ''a table top
with trees and grass.''

The retort: ''Yeah, and we didn't have the trees until people moved here.''