To: David Phaneuf who wrote (1275 ) 6/28/1998 1:34:00 PM From: paulmcg0 Read Replies (2) | Respond to
IAS used to say, "You'll believe it when you see it!". See what? It's kind of like that famous Gertrude Stein quote about Oakland, CA -- "There's no there, there!"sec.gov ) is a great resource that contains company filings. If you look at the IAS documents, you get an accurate, negative portrayal of the company. The companies you really have to avoid are the ones being hyped that you can't get a financial report from the SEC on. If you can't get a financial report, how do you know whether the company is a real company, if they have a viable business, or if they are a scam? There are a lot of dishonest brokers out there who hype stocks and pressure people to buy bogus stocks immediately without thinking about what they are buying. According to a U.S. Senate report from Sep. 1997, stock fraud is at least a 6 billion dollar a year industry in the U.S. Beware of fast talking stockbrokers! rfc-editor.org and can be publicly debated before being approved. On the other hand, the standards favored by phone companies (ANSI, ITU, ISO) are created by large and powerful organizations working together, such as phone companies, big corporations, and governments. You have to pay to receive copies of the standards, even in electronic format. Smaller companies, like the one I work for, have to follow these standards, if we want to play in the major leagues.
