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

To: Ga Bard who wrote (3874)	7/20/1998 10:53:00 AM
From: Ga Bard	Respond to of 9440

Verifying that a promoter does not have to have to do disclosure. I just got off the phone with a security attorney. If you have taken compensation then you must disclose that. Especially if you are advertizing for the company. Now if you make a private placement then you are a private investor. It all depends on if you accepted or took stock as payment for your view and opinion. Interesting. I was right to start with. GB It all comes down to compensation. GB

To: Ga Bard who wrote (3874)	7/20/1998 10:54:00 AM
From: Boob	Read Replies (3) \| Respond to of 9440

I just found out that as a promoter you do not have to disclose anything either. Only financial advisors and they require a license. Interesting how this takes shape ... However I guess it is best to do so though. This is new to me, I had always thought if you accept compensation you have to attach a disclaimer.. Now that is one "law" that i DO NOT agree with....IMO it should be illegal for a person to be promoting (hyping) a stock and making people think they are confident in the stock and believe in it's potential when in reality they are getting paid to hype the fire out of it and most likely AREN'T confident in the company. People think they are buying it because others are confident in it, when really they are buying it so the company can dump stock onto their faces That i STRONGLY DISAGREE with....IMO all promoters should have to put a disclaimer or else face legal troubles. Boob...forcing a disclaimer would be another small step in the effort to protect investors