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

To: Kurt N who wrote (3864)	7/20/1998 8:22:00 AM
From: Ga Bard	Respond to of 9440

Thanks Kurt and if the money is not received the company can cancel the certificate. If the security was sold and not paid for then the company has to sue for the stock. More and more people are making these requests from my understanding to avoid being stiffed out of their money. Look at a 504 you could be paying money for an unregistered security. the company can;t issued the certificate until the security is registered. There is a lot about the tranactions of securities people do not understand. This why it is always best to consult or get legal advise from a professional when making private placements. Also this nonsense that you can't sell your stock when you promote it is hogwash also. Promoters know they can and though people may not like it that makes no difference. Heck promoters may not sell their security but short against the stock and use the stock in their account as collateral in compliance with the credit rules and regulations of Security act of 1934. The key is a promoter must disclosed if he was paid for the promotion ... they are not required to disclose how much only that they have been. They will probably sell they stock as soon as it spikes. Again we all know what assume means. GB PS I am researching all this to write a book ... Tell you what want a whole new perspective, elect to write a book on a trading and see how much you know before and after the reseach. Unbelieveable.

To: Kurt N who wrote (3864)	7/20/1998 8:40:00 AM
From: Ga Bard	Respond to of 9440

Kurt that is like that request is nonsense also. No one is required to disclose their personal business to anyone unless they just want to. Another issue that is coming to light also is where you pay a site to get their email and in turn they send you stock information. All the disclaimers in the world do not change the fact that this website person or persons are getting paid. Now does that not set them up as financial advisors, stock consultants etc.? Do they not come under the Security Act of 1934 in getting paid? I believe you will see more and more of these e-mail start ask for donations. Does that change the fact that they are being paid? Now unless someone just willing send money to someone and in no way the receiving party asks for it is the only way you are not a paid financial advisor. We are dealing with money and all this disclosure of personal business is bull. I always tell people your trading business is your own personal business. That is like someone asking you how much money you made on a transaction or your salary at work. Basically it is none of their flippin business. Now unless you are a promoter paid by shares then that is different. If I am wrong maybe someone can correct me but that is what I have put together. GB