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

To: Dusty who wrote (3856)	7/19/1998 11:49:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 9440

You keep using this legit word with companies. Interesting that if a company complies witht the law of their charter and you happen to dislike the law that is not legit. That is now wise. Laws were created to make things legit. To say this happens is tantamount to saying you buy groceries; take them home and eat them and if they were good, you return to the place of purchase and pay for them. I pay for groceries with a credit card. I only have to pay a small payment each month. Is that a violation of the law? If I find something soured or not current can I not take it back ? I do not understand your logic but this is getting good. I have learned so much which is what every single individual should do that is going to invest their money. You do not like it that people can proof news releases or promote a stock and be paid for their services. They can and do on a regular basis because the laws say they can. WHat they cannot do is say or advise people to buy when they are selling or to trade their payment of shares based on inside information. Most of the time when you get stock of this nature there is a contract signed sealed and delivered with the conditions and terms prior to then the cerificate is issued. There is a lot you do not know but most people do not take the time to learn what is in fact a fact. Speculation is exactly that speculation. If an individual takes stock for a contractral purpose then that has to be disclosed when making an advisement. There are laws to make a living in any industry it is just very few who take the time to learn the laws, rules and regulations prior to actively stepping into the industry. All this witch hunting and dragon slaying is nonsense because most people think therefore it is a good assessment when in fact it is merely ignorance. Ignorance is no excuse. Try suing someone on this idealistic thought process and you will discover the truth. You are not going to like it but you will learn the law and the truth. GB

To: Dusty who wrote (3856)	7/20/1998 12:12:00 AM
From: Ga Bard	Respond to of 9440

Dusty as far as real world facts. If you wish to presist with this line of right and wrong lets go back a few months when I was naive and just starting to read the internet which I have been doing for over a year now. I am not a legal mind nor and attorney just an umemployed private investor. I lost a ton of money and like you I complained and reported and built evidence and you know what I discovered I was wrong that the promoter had broke no rules or regulations. Well time to learn the law I guess since my prespective was totally wrong. I remember that people said you could not short an OTC under $5.00. Talk about an example of the Earth being flat.; or the short trap scenarios that were touted and to date I have yet to see one happen; eople saying the MMs are shorting the stock when in fact they were unloading an inventory; a lot of misinformation that flourishes on the internet and most of it is not true. I remember reading gambling books about how to win at gambling and though they have good information they do not tell you how to win. Does it make common sense to hit on a 16 with the dealer showing a 6. Some will. Does the books tell you all the secret that comes from experience ... no they do not. It is the responsibility of each and every individual to learn the rules and regulations of the market. They may not like them but they are the law that govern this industry. I have ran three of my own business and sat in top excutive positions in my life time with major corporations. What have I learned . The laws were created to be respected and use as a guideline to remain legit as you call it. Again emotional concepts are not the law. Now all these posts are an exercise in my freedom of speech ... Always consult an attorney before you take the word of an online personality as fact. That is again ignorance ... I would not ask a carpenter for an opinion on medical. Hey I could be wrong on all of this. GB

To: Dusty who wrote (3856)	7/20/1998 12:22:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 9440

Hey I got one for you Dusty ... If a person knows someone is suspected of being a criminal or accussed of being one with a know record of lawsuits encourages some ignorant individual to spread misinformation thus affecting the price of a security are they guilty of stock manipulation? Are they not the vessel of use? Are they liable for the falsehood they spread? Are they liable for the character assassinations if they happen to get careless and actually accuse some of an illegal act? Does the corporation not have a right to sue because of harm caused by the falsehood of information? Should a compnay sue because some individual dares to call the company not "legit"? I seem to remember a univesity that called a product a scam and in two days sent an apology and that the individual who they talked to misunderstood and twisted what they were told? Interesting is that person liable for the mis interpretation of what they heard? Just curious. Because we can go on and on about this. I like this though and hoping we get a legal mind or attorney on here also. GB

To: Dusty who wrote (3856)	7/20/1998 5:25:00 AM
From: Kurt N	Read Replies (3) \| Respond to of 9440

>>If there is anyone reading this post who has purchased stock directly from a company and received their stock, PRIOR, to having fully paid for them; please advise us of such.<< I haven't, but I've seen instances in which a party is able to purchase shares/exercise stock options directly from a company without any money down. Usually, but not necessarily, the person is a high-level company insider or a new member on the Board of Directors. [who was previously an outsider]. I'm not going to give an example since there are tons of them, just have to read the SEC filings for lots of companies. It could be also be an outsider that is somehow closely affiliated with the company or well-known by the insiders. What happens is the individual issues a note payable (IOU) at about 8% interest, which the company accepts and is a legal contract that obligates the individual to fullfull the terms of the note (payment date/schedule, etc.) If the individual doesn't pay up/renegs, then the company has a legal recourse to recover the money. An example of this would be VTPI. [edit: dang it, I realized I just gave an example when I said I wouldn't. Oh well :-) It involves a Picky/Sparky person.] You know something the last time I bought furniture, I was able to buy it directly from the furniture store without having fully paid for it or anything for that matter, delivered the next day, and not have to start paying until 12 months later. Kurt