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 : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Binder who wrote (4580)	10/28/1998 1:23:00 PM
From: zonkie	Respond to of 7039

I have no idea about your questions. I do think the SEC is doing a better job going after scams but I believe when they catch these guys they are much too lenient on them. Look at what they did to a few of the people in these cases. sec.gov I think if they made it very unprofitable to engage in these types of activities there might be less of them but when they say a guy made half a million or so on a scam and then fine him $15,000 I think that would just make more people do it. zonkie....

To: Binder who wrote (4580)	10/28/1998 11:20:00 PM
From: Charger	Read Replies (1) \| Respond to of 7039

My guess is.....you know how money can just disappear in beaurocratic red tape. "Civil penalties" will surely go to the gov. The rest?? And who would the claimants be? Hundreds that the SEC hasnt even heard from yet, I bet.....all those that probably got stuck, all those that possibly sold for major losses, all those whose lives were (I can imagine) quite destroyed, all those who can/could financially survive (maybe) but got taken down a hefty emotional (and financial) peg, not to mention the large group of "unsophisticated buyers" who might have wised up in the nick of time but who, for all their time and effort, simply experienced a "lost opportunity". There may be (identified) $1 mill+ derived from the "defendant's" stock sales, but there were many others besides King, I believe, "sophisticated investors", who benefited enormously and are just as morally wrong to have benefited at the expense of others. But who am I kidding, this is the name of the game, isnt it? I just read the Reminences of a Stock Operator. I only wish I had read it pre-MIDL instead of after. I miss the gaiety and comraderie that we all had during the "fantasy".