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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: ROSARIO who wrote (4077)	10/30/1998 12:36:00 PM
From: J T	Read Replies (3) \| Respond to of 7609

Rosy I only have time for this quick response' You say We owe a round of Thanks to JT and others that have registered complaints with the SEC and have requested an immediate investigation of ARET's business practices YOU ARE A LIER! You show me in my post where I asked SEC to look into the company? You say and the validity of poster's statements. THIS IS THE TRUTH I am reporting You for misleading people into thinking that I have done what YOU SAID! This is a perfect EXAMPLE of YOUR WAY OF MANIPULATING PEOPLE! You know very well that I am complaining ABOUT YOU AND YOU ONLY ROSY! THIS LYING POST WILL BE INCLUDED INTO MY SEC COMPLAINT! Rosy you go and head and laugh all you want but remember didn't you complain enough and get back on SI? Well if I write letters every day to SEC and the other people that I have talked with write theirs you will be INVESTIGATED! So show all the BRAVADO you can Rosy because Your Turn is coming. Might take a while Rosy but I'm retired and have nothing but TIME on my hands. I firmly believe in "WHAT GOES AROUND COMES AROUND!" JT

To: ROSARIO who wrote (4077)	10/30/1998 12:42:00 PM
From: Bird	Respond to of 7609

10b-5(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. Bought in yet? Ever have receipts subpoenaed? Bird (Glad we're a nation of laws)

To: ROSARIO who wrote (4077)	10/30/1998 1:20:00 PM
From: Siber	Read Replies (2) \| Respond to of 7609

Rosy, I'm not sure (and JT will correct me if I'm wrong), but I believe JT had a little something like this in mind, not what you stated: From Money Daily: Investors applauded Wednesday as the U.S. Securities and Exchange Commission, in 23 separate actions, charged 44 individuals and companies with committing securities fraud over the Internet. The action is the most comprehensive the SEC has taken since it began policing cyberspace in 1995. The agency, says John Stark, head of the SEC's internet enforcement unit, is now pursuing "a well-defined and programmatic approach to addressing internet fraud. We are specifically going after the online newsletters, people who tout stocks, especially poorly followed and thinly traded micro caps, on message board postings, and in so-called investing websites." ... Richard Walker, SEC director of enforcement, said those charged had touted 235 microcap companies: "Not only did they lie about their own independence, some of them lied about the companies they featured, then took advantage of any quick spike in price to sell their shares for a fast and easy profit." The charges covered several phony practices, most of them familiar cons used elsewhere before the Web became popular: ... 2) Pumping and Dumping: Masquerading as independent experts, some of the accused allegedly recommended stocks on public message boards such as the top-rated (and legitimate) Silicon Investor site to generate demand, and then sold the stocks as eager investors bid up the price. 3) Touting: Some of those fingered by the SEC allegedly shilled for companies by recommending their stocks for a fee, a relationship they did not disclose to their readers. 4) Scalping: Scalpers allegedly bought a stock, then recommended it through Internet newsletters and investment sites without disclosing their ownership position, then sold the shares as the price rose. ... Indeed, the proliferation of investing sites, online newsletters and discussion forums has transformed the way many people gather information when mulling investments. On one hand, the legitimate news and information sites give the small investor ready access to the kind of detailed, expert information that was once the domain of brokerage houses and their biggest clients. The Motley Fool and Silicon Investor (www.siliconinvestor.com), for example, have become essential investment resources for many individuals, Con artists fed on this investment hunger, pretending to be ordinary investors in some discussion groups, or masquerading as independent experts with their own websites. Most of the frauds identified by the SEC concern shares of small firms listed on the NASD OTC Bulletin Board (OTCBB), a National Association of Securities Dealers quotation service for "unlisted securities" that are not actually traded over the counter or on any of the three major U.S. stock exchanges. The OTCBB lists about 7,000 securities of small corporations, some with little or no operating business. There are no requirements for listing, although the NASD has proposed minimum qualifying standards.