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To: Just My Opinion who wrote (4903)	9/12/1998 2:59:00 PM
From: WRAP_IR	Read Replies (1) \| Respond to of 26163

Anyone, I agree that failure to comply with a court order would open a can of worms. The only manner in which it would hurt the company is the fact it was simply mentioned. It won't take a direct hit, but the collateral damage may or may not hurt its credibity to the investment and financial community. Only time will tell. You seem to have more experience with SIPC issues, so I'll follow your lead on that one - Thanks. I'll throw a different slant and offer another concept regarding the SEC and BB companies. Overall, I applaud the overworked staff of the SEC. I actually give most of the blame to the NASD who lets non-reporting bb stocks trade. Does anyone have any concept how easy it is to get a symbol and trade. A Hint: 35+ shareholders, a corproation, audited financials, and a short form called a 15c2-11. A market maker presents this to the SEC (no big problem) and there you go. Answer a few questions for the NASD and you are a public company. Free to issue a zillion shares at whatever price you want, keeping below the SEC radar $1,000,000, a public company (non-reprting otc bb) never has to communicate with the SEC. The SEC is buried in enforcement actions. They have made several proposals but who know the final outcome.