Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?

To: Sarab J. Jihad who wrote (4834)	9/12/1998 1:57:00 AM
From: Icabod	Read Replies (1) \| Respond to of 26163

September 2, 1998 Securities and Exchange Commission Washington, D.C. 20549 RE: United States Of America vs. WellRich & Company Attention: xxxxxxxxx xxxxxxxx Division of Enforcement RE: WellRich & Company Dear xxxxxxxx: As always it was indeed a great pleasure speaking with you today. Please find the requested information, I hope this will help you with your action. 1.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 2.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 3. WellRich is not a licensed broker/dealer, but may be functioning as such in violation of Section 15(a)(1) of the Securities Exchange Act of 1934 (the "Exchange Act"). See Polannin, John, Jr., "Finder's Exception From Federal Broker-Dealer Registration," CATHOLIC UNIVERSITY LAW REVIEW, Vol. 40, summer 1991, Number 4. 4. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 5. WellRich has not or does not have the ability to indemnify any company, In the event that the company is sued as a result of Wellrichs's actions. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx WellRich does not have adequate financial resources to compensate any company in the event of a judgment. 6. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 7. WellRich receives compensation predicated upon a percentage of the sales price of the stock that they SOLICIT to people over the phone.xx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx. This establishes that WellRich is functioning as a broker/dealer. See SIDNEY MARKS, SEC No-Action Letter, 1977 No-Act LEXIS 2057 (July 7, 1977); JOHN DIMENO, SEC No-Action Letter, 1978 No-Action. LEXIS 2188 (Oct. 11, 1978); and RICHARD S. APPEL, SEC No-Action Letter, 1983 No-Act. LEXIS 2035 (Jan. 13, 1983). 8. All of the issues raised by this letter is enough to indite and convict WellRich of all charges. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx. Yours Truly, xxxxxxxxxx xxxxxxxx ESQ. Attorney and Counselor At Law xxxxxx xxxx xxxxxxx Washington, D.C. xxxxx cc: State of California Securites And Exchange Commission State of Califirnia Office Of The Attorney General, Telemarketing Division. EFS:rab GOOD LUCK YOU ARE GOING TO NEED IT.

To: Sarab J. Jihad who wrote (4834)	9/12/1998 10:18:00 AM
From: bmart	Respond to of 26163

Mr. Jihad, You never answered my questions. What was your relationship with Mr. Schurer? Was Mr. Schurer an employee of Wellrich? Was he acting as a broker/dealer? Did he performs transactions for AZNT stock through Wellrich? Did AZNT provide you with a 'lead list'? Who is rightfully due the $50K commission on stock sold through Wellrich? Was Mr. Schurer an employee of Wellrich when the transaction(s) took place? If not, then Wellrich could not legally perform such transactions, could they? Will you post the "judgement" from the "arbitration hearing" that Ms. Shell & Mr. Mitchell posted they were "procuring & scanning". TIA RB