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Non-Tech : MILLIONAIRE. COM........( MLRE ) -- Ignore unavailable to you. Want to Upgrade?

To: Bear Down who wrote (834)	1/3/1999 8:36:00 PM
From: StockDung	Respond to of 2664

It was under PUMA. Read this story from wall street interactive. Seems Steve paid a big fine for posting on message boards on the internet. Hard to Catch She says there no doubt are users on Silicon Investor who are paid to hype companies, but it is hard to catch them. "They don't advertise that fact, obviously," Ms. McKinney says. "It can be hard to tell the difference between someone who is just positive on a stock, which is fine, and someone who is a paid promoter." She advises users to always do their own research, and to be skeptical of what they read on message boards. Mr. Stark says many of the complaints to the SEC are related to small, often-speculative companies whose shares are quoted on the OTC Bulletin Board, a service run by the National Association of Securities Dealers, which is also the parent of the Nasdaq Stock Market. Stocks traded on the OTC Bulletin Board aren't subject to many of the regulations and disclosure requirements imposed on shares traded on Nasdaq or the other major U.S. exchanges. These stocks, often microcaps with a small public float of available shares and low prices, are good targets, Mr. Stark says, for a "pump and dump" -- the practice of driving the price of a stock up through hype and then selling shares. The SEC is supporting an NASD initiative that would require stocks traded on the OTC Bulletin Board to regularly report audited financial information. Also, brokers would be required to explain the differences between OTC securities and those traded on a listed market to potential investors. Getting the Word Out "These securities weren't a problem before the Internet. You had never heard of these companies, and couldn't invest in them," says Mr. Stark. "Now, these unknown companies can get the word out across the globe for very little cost. There are people who will put together a Web site for you, feature you in an investment newsletter and hype your stock on a message board, all for a fee." Early this year, the SEC brought a complaint against Steven Samblis, publisher of New Stock, an on-line investment newsletter based in Orlando, for failing to disclose that he received $20,000 to recommend two OTC Bulletin Board stocks. The SEC says Mr. Samblis sent thousands of e-mail messages over the Internet touting the companies. In resolving the case, Mr. Samblis signed an agreement promising to follow the disclosure laws, but didn't admit wrongdoing. "All we agreed to do was follow the law," says Norman Hull, an attorney for Mr. Samblis. Mr. Stark says the SEC is always investigating on-line sites, but doesn't always have to resort to legal action. "Many times a phone call from us or an e-mail makes these sites disappear," he says.

To: Bear Down who wrote (834)	1/3/1999 8:59:00 PM
From: StockDung	Read Replies (1) \| Respond to of 2664

search.thunderstone.com anyone check out paid stock promoter Steve Samblis web site and see just how he has been hyping and pumping the stock? Letter From The Editor, We have seen an amazing amount of media and individual attention to our recent client Millionaire.com. In a recent release the company announced that it had sold $8 million of advertising space to the New York base international trading giant SGD International Corp. Some of you have asked for clarification and, have mistakenly thought this was a barter transaction. I went right to the source to asked the question and get the answer. Just today I spoke to Jerry Galuten, President of SGD International Corp. My goal in the call was to keep it simple and get to the point. Mr. Galuten was gracious is offering his time and the following answer to my questions. SCJ: In a recent service it was mentioned that you were not aware that MLRE had a web site. We both understand that the site is not currently up and running, but once the site is fully functional, will you take advantage of web advertising as well as the magazine? Mr. Galuten: Yes after reviewing the web site and the plan for the site, we will definitely use the web site. SCJ: What kind of transaction is this? Mr. Galuten: A cash purchase. SCJ: Is it this a barter? Mr. Galuten: No. I don't understand the question of barter as it has no barring on this transaction. SCJ: Lets talk about an accounting view of this these transactions. Is this an asset? Mr. Galuten: Yes SCJ: Who else have you worked with using this type of transaction? Mr. Galuten: We have done this with many companies around the globe. We have done this with Manufactures Hanover & Trust, Wang Lab, (both of which did over 25 million), Home Depot, Loews, Turner Publishing, Ever-Fresh Beverage Company, Minolta, Good Year Tire and Rubber, Stanley Tools, and Crystal Clear Corp. These are just a few and I feel this may be the wave of the future for many firms. SCJ: Do you feel this is an isolated transaction with Millionaire.Com, or do you see future business with the company? Mr. Galuten: I believe this will be the first of many transactions. I Have a great deal of respect for Rob White and his management talents, as a matter of fact I'm looking to begin acquiring stock in the company.I have worked successfully with Rob White when he owned the The Robb Report and look forward to similar results with Millionaire.Com SCJ: Thank you for your time. Mr. Galuten: My pleasure. So there you have it right from the source. We thank Mr. Galuten for his time! Steven Samblis Publisher