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Microcap & Penny Stocks : PINC - Planet City -- Software and Services -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (787)	10/29/1998 9:14:00 AM
From: Josef Svejk	Read Replies (1) \| Respond to of 1754

Humbly report, Jeff, a few paragraphs from Internet Fraud: How to Avoid Internet Investment Scams: sec.gov If you want to invest wisely and steer clear of frauds, you must get the facts. Never, ever, make an investment based solely on what you read in an online newsletter or bulletin board posting, especially if the investment involves a small, thinly-traded company that isn't well known. And don't even think about investing on your own in small companies that don't file regular reports with the SEC, unless you are willing to investigate each company thoroughly and to check the truth of every statement about the company. For instance, you'll need to: • get financial statements from the company and be able to analyze them; • verify the claims about new product developments or lucrative contracts; • call every supplier or customer of the company and ask if they really do business with the company; and • check out the people running the company and find out if they've ever made money for investors before. And it doesn't stop there. [ . . .] The difference between investing in companies that register with the SEC and those that don't is like the difference between driving on a clear sunny day and driving at night without your headlights. You're asking for serious losses if you invest in small, thinly-traded companies that aren't widely known just by following the signs you read on Internet bulletin boards or online newsletters. The whole document is worth a read. Cheers, Svejk proofsheet.com