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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?


To: greg Benfield who wrote (3678)7/14/1998 9:56:00 PM
From: Ga Bard  Respond to of 9440
 
I do not think so ... You have the right to buy any private placement and under freedom of speech talk about your investment. However, Ron made a mistake and accepted compensation which then brought his private placement into question also. I do not see the others who bought the private placement mentioned. See if you accept compensation then you got a problem especially if you decide to do what he did. He modified his computer or rather the company did by paying him for the upgrade for the purpose of an e-mail. He got paid to go visit the company 4 times to visit which could be assumed as a consulting what ever. Plus he tied into a promoter. Did he actually know the facts he was putting out were misinformation, I do not know because the article does not suggest that.

As you can see is it ignorance or did he actually do something deliberately wrong. However, because the article said encouraged I consider it ignorance by a private investor who made a mistake taking compensation. Your private trading is your own private business and no one else's until you step over the line and accept any form of compensation. That is the problem or if you buy stock for a service you intent to provide or assist in the promotion with promoter or accept stock for the intent to promote then you have a problem especially if you pump the stock then sell out or the company turns out to be a scam or the promoter puts out intentional misinformation or brought into an SEC investigation.

You need to have an attorney and a financial advisor (licensed) to advise you of the risks on accepting compensation. Pumping a stock is one thing and sticking to verified facts is another as a private investor.

This is my perspective but the key is he accepted compensation which changed the rules on him.

GB

Sorry but I have been doing my novel and and quality family time with Tweety



To: greg Benfield who wrote (3678)7/15/1998 8:59:00 AM
From: Ga Bard  Respond to of 9440
 
Greg ... I am not a paid promoter nor a spin doctor ... I am what my attorney says a resourceful private investor. A lot of people come on the internet and get nailed like what has happened to me. We live in a country that basically has a legal system that has established law and order with passing of laws.

The internet is like the old west where no laws were governed and everyone thought since their was no sheriff there was no law. It took time but eventually the circuits judges and sheriffs did come and civilize law came also. There were those that opposed the law and to this day their are those that still do.

If my post prevents one person from making an ignorant mistake thus causing them to step over the line to a consultant or a promoter then my 9 month campaign trying to get people to think is going to be the best time I have spent. That is not to say someone will not make the mistake nor that all my opinons, views or posts are accurate but merely a warning to make sure what you are doing.

The laws of the SEC will and can be use against the shroud cover someone can use on the internet as a vicious deceptionary ploy. This is why you do not see me attaching myself to a PR promoter. Ron did and was encouraged.

Be very careful who you let encourage you. Be very careful. You could be drug into a stock manipulation ploy. Be careful of the articles you read because anyone can voice an opinion. I have read certain articles that point a finger at private investors because the article was written to do that. Some have a deliberate purpose to want the due diligence of the internet out of the equation. Before the internet if you invested in this arena it was like throwing your money away. Today it is an applicable market to make good investments but you gamble still with all the evil that truly exists.

As long as you are a private investor then you have nothing to worry about just stick to DD facts verify what you can and try not to slander anyone or companies with out verified facts on all negatives.

Do not twist a fact out of context nor mis-state a fact and try not let your emotions get the best of you.

Remain rational and forthright and you will be fine. Study the rules and regulations of the SEC and NASD. Educate yourself. I have retained a securities attorney to do nothing but answer questions for $240.00 an hour. Plus I have on-line attorneys I talk to and get opinions from. Use all the resources of the internet to educate yourself thus protecting yourself from your own ignorance and be very careful with any investing you do.

This is just my opinion and I have nothing other than 18 months on the internet as a credit to base my opinion on.

GB

GB