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To: Sr K who wrote (15782)	10/29/1998 2:53:00 AM
From: Andrew Vance	Read Replies (3) \| Respond to of 17305

AV--You bring up a very interesting and valid point. I am not pointing a finger at any one person or organization. I think we all agree that there are slime buckets everywhere. And in the attempt to ferret them out, innocent or unintentional perpetrators get caught in the middle of these things. I still believe that innocence is presumed until guilt is proven. I also know that in certain cases it is easier to plead no contest and pay the fine instead of spending much more money proving your innocence. I just wish that those individuals that believe they are innocent be allowed to prove their innocence, and if they do prove their innocence, they should be reimbursed for their legal fees. I am trying to do something and this announcement today makes it more difficult to succeed. I just feel bad for the majority of the fee based newsletter providers that might suffer because of the actions of others. Some of them depend on their fees as their sole means of livelihood. As far as the disclaimer you provided, only someone with the old archived newsletters knows how long that disclaimer existed. The problem is that these can be changed rather easily. I am sure this was not a sting operation on the part of the SEC. I think some of these people had prior knowledge. I read all the filings and it looks as if some have already agreed to pay some penalties. This means prior discussions and the ability to change information. In the case of the David Wood paperwork, I tried to find the thread mentioned in the SEC document and could not find the correct one. However, I did find the SOLU thread and it was started at the same time and date as the quoted portion of the SEC document. Therefore, I believe it was the thread in question. However, there are discrepancies between the verbage there and the verbage quoted in the SEC document. From the looks of the thread opening statement today, it appears that he provided some disclosures. I know from personal experience that the introduction to a thread can be modified. I did that for this thread weeks ago. I had some sound advice added to the introduction as a form of a disclaimer explaining what we were trying to do here and to provide some basic guidance. So, I know you can change the introductions. I have a lengthy disclaimer at the end of my newsletter that I hope covered my butt and to make it perfectly clear that I am an investor. I will buy and sell stocks based on the information I provide. All I can say is that I do not front run any stocks. If I come across something that really intrigues me, I will invest and then post if the market is open. However, if the market is closed and I come across stuff, we are on equal footing the next day as we race to the stock at the open or try to pick a good entry point. I am sharing my personal research that I go through to determine prospective investments. As long as I am going through the process, I might as well share what I have come across. I throw away the garbage and share the "possibilities" for all to consider. I provide some basic data, background, and personal opinions and leave it up to the readers to do whatever they feel is appropriate to feel more comfortable. I am not a leader looking for a follower but rather a research looking for someone to read his work and comment on it. I am not sure of the timeframe involved for the FSS incident and I do not know when or if their disclaimer was modified. If everything was in order, I would assume the SEC would not have a leg to stand on. However, they seem to believe they have grounds for their actions today. Therefore, I will sit back and watch the process move forth. I will conclude by saying somewhere on that list of charges is a crook that deserves everything that they receive for bilking unsuspecting people out of their savings. Let the innocent prevail and let the system take care of the bad guys. Andrew