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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?


To: MskiHntr who wrote (6505)9/19/1998 11:39:00 PM
From: watcher  Read Replies (1) | Respond to of 15313
 
What an idea. Lets call your firm or the NASD and ask them. What do you think my man?



To: MskiHntr who wrote (6505)9/19/1998 11:46:00 PM
From: wonk  Read Replies (2) | Respond to of 15313
 
MskiHntr:

Regarding:


Jim. Thanks for your comments. Insider to me is:...

2. Any person that owns stock at very low prices and manipulates others to gain profits.
3. Any person or group of persons that hype a stock and coordinate efforts to mislead others by not allowing the free flow of relevant information.


#reply-5794544

To which you replied:

2. Hogwash
3. Claptrap

#reply-5794651

Perhaps 2 and 3 would not be characterized as insiders, but the described actions would certainly be illegal:

General Rules and Regulations promulgated under the Securities Exchange Act of 1934

Rule 10b-5. Employment of Manipulative and Deceptive Devices.

It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,

a. To employ any device, scheme, or artifice to defraud,

b. To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading,

or

c. To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.


law.uc.edu

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