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.

Pastimes : SPIDER & RICO'S 'NO-BASH' THREAD FOR LGCY !!! -- Ignore unavailable to you. Want to Upgrade?

To: Spider Valdez who wrote (104)	10/20/1998 12:21:00 PM
From: Spider Valdez	Read Replies (1) \| Respond to of 296

> >To: Toni Wheeler (9461 ) >From: Colin Cody >Tuesday, Oct 20 1998 10:20AM ET >Reply # of 9474 > >Toni, I'm paranoid that OLDE is doing the same as others are reported as >doing...which they still COULD do as well! even tho when I asked, my broker >assurred me they do NOT loan out shares -- right! Unless there is some huge >multi-billion dollar scandal brewing, OLDE is not doing any such lending >out of OTC-BB shares. >. >Actually when shares "are lent" they come from a clearinghouse where many >brokerages may have their Street Name certificates. >. >So, what can assure us that this does not go on? Can we threaten/enlighten >with the knowledge that they are not suppose to conduct business this way >and to cease and desist? If you mean OLDE, they are doing nothing improper, >and there is likely NO ONE you could ever reach there who would comprehend >WHAT you are even talking about. The illegal shorting of OTC-BB stocks is a >dirty little secret that 99.99% of the WALL STREET PROFESSIONALS don't even >have an inkling about! >. >Illegal shorting CAN'T BE DONE! It says so right there in Title 17 of the >Federal Regulations! (g) >. >Big wholesalers and retailers (like OLDE) don't play the game. Their >traders would be FIRED if they tried. The shorting is done with >professional, well-connected, street-savvy, well-financed speculators who >blatantly violate the law, knowing that the spineless SEC bureaucrats will >do nothing. 99% of SEC bureaucrats will tell you, "no one can do that! It >is strictly prohibited, it just CAN'T be done!" >. >They usually work through smaller Market Makers, as I think have been >mentioned here by name. >. >Colin spider

To: Spider Valdez who wrote (104)	10/20/1998 9:21:00 PM
From: Druss	Read Replies (1) \| Respond to of 296

Spider--<<Druss maybe you will understand now>> No I don't. I was under the impression we were talking about LGCY. My post to you was in reference starting a thread on the company and to posts the two of you made like this concerning LGCY: Message 6046588 If you had started this thread when the market was open it is not at all unrealistic that people could have bought into the company on your recommendation. I felt and continue to feel you missed some crucial aspects of the company from the beginning in your DD. My post was a simple be careful and this is why. I'm sure you can find some reason to chain a bunch of l's and o's together but I would much prefer some simple honesty stating you missed something. Druss I don't believe I have ever even posted on the FBNA thread. For what it is worth I just consider it to be a funny spoof.