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Microcap & Penny Stocks : OILEX (OLEX) -- Ignore unavailable to you. Want to Upgrade?

To: CHRISTINE who wrote (4034)	9/10/1998 7:07:00 PM
From: Razorbak	Respond to of 4276

Constructive Fraud Thanks, Christine. Yes, a case study would be most helpful! The problem I have with claims of "fraud" is how to interpret the usual defense that there was never any intent to defraud. Fortunately, for shareholders at least, the definition of "constructive" fraud doesn't include "intent" as a prerequisite. FYI, the same type of argument (i.e., "there was never any intent to defraud") was made last year on the Green Oasis (GRNO) thread, and I raised the same counter-argument at that time, but no one was apparently willing or able to take the discussion to the next level. (FWIW, the SEC is suing the company for fraud anyway, so maybe that means my interpretation was correct?) Razor