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

To: Boob who wrote (3876)	7/20/1998 11:00:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 9440

Yep you are exactly correct. I had to pay $60.00 to verify though. What I get for listening to on-line investors. Internet opinions vary ... You do have to disclose compenstion. GB

To: Boob who wrote (3876)	7/20/1998 11:04:00 AM
From: bob sims	Read Replies (1) \| Respond to of 9440

Boob, Everyone who owns a particular stock is a promoter for that stock. You have to look at "INTENT" when it comes to a promoter and to what degree that promoter is associated with a company. Is it the "Intent" to work for the company as a paid promoter? How close was the promoter associated with the company? What authority does the promoter have in speaking for the company? What compensation did the promoter recieve for his services? Was there a material misrepresentation of the company? Was there a material misrepresentation of the facts? Who was damaged by the misrepresentation? What were the damages? bob

To: Boob who wrote (3876)	7/20/1998 1:43:00 PM
From: Dusty	Read Replies (3) \| Respond to of 9440

Boob, thanks for saying what I am many others feel so eloquently. There are many ways to structure payment for services rendered that appear legal and on the up and up. For instance Gary, mentions is it illegal for someone to "give" a "friend" stock? He alludes to what could be classed as a possible loosely constructed sale of stock; where payment is not being pressed for from the purchaser. Well, it probably is not "illegal" but the greater question; is it moral? Such a situation could be structured to appear on the up in the event the transaction was ever called into question. I personally, would have a struggle in not disclosing compensation if I had received compensation of any kind and was active in the company. But, again, that is just my code of ethics. I would feel guilty. It could very well be perfectly legal to receive free stock or other compensation (money) and not be required to disclose it; but if it is the law should be changed. This is my personal opinion and not a legal one. Dusty