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To: marcos who wrote (84)	11/19/1998 9:38:00 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 3517

marcos, I know of Adrian, and he has earned a good deal of my respect. KJC

To: marcos who wrote (84)	11/21/1998 3:09:00 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 3517

Not personally, but we've exchanged a few notes. It's astounding to me that people are "afraid" of the VSE but have no problem with the OTCBB; which makes the VSE look like the NYSE by comparison. The unfortunate reality about the OTCBB is that it is sooooo easy to just rape the investors for gigantic sums of money. I have no idea about the "average" take for the underwriters and their associates, but the two deals I've seen close up netted the underwriters millions of dollars before they started manipulating the stock in the aftermarket. That's a pretty powerful incentive for a criminal. Brokers that get in on these deals have a hard time refusing the incentive, which can be over 10% per order. They seem to have a hard time deciding if 10 grand worth of their client's money in CSCO with a $200 commish before taxes is a better deal than 10 grand worth of some 50 cent deal and they collect a grand, maybe "tax free". The clients that buy these stocks are really beyond stupid. If they buy a stock that is 8 cents by 10 cents, they don't seem to realize that the stock has to go up 20% for them to break even, not counting the disclosed commissions in and out! For the underwriters themselves, it's almost a no lose deal. They collect the seed money up front, and when the stock starts trading, they can toss as much of their own stock into the float as they want to. It is almost impossible to get caught unless they are really really stupid, because there is no bookkeeping to be made public. There is plenty of money to be spread around to sleazeballs like Tracy, and it's been going on a long, long time. But you and I know the final chapter, eh? What goes around, comes around. In spades. BAWK!!