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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: RumKola who wrote (3586)	1/4/1999 9:49:00 PM
From: Sergio H	Respond to of 4761

I posted my take on the current action on IFLY on the Amigo thread for anyone interested. Message 7105530

To: RumKola who wrote (3586)	1/4/1999 10:37:00 PM
From: Sir Auric Goldfinger	Respond to of 4761

Why Regulators Must Act Now By James J. Cramer Regulators beware. The propensity for the stock of any old company to double upon the issue of a Net-release will soon inspire a dramatic increase in fraud. Think about it. Soon any company that already has a symbol, even a bankrupt company, can issue a release and get its stock going. That makes it even more imperative that the Nasdaq tighten listing requirements for teetering companies. Let's say National Gift falls on hard times and is struggling to keep its head above water. It files for exemption after exemption from Nasdaq listing requirements and keeps its listing. What is to keep National Gift from announcing a Web site to sell giftwrap while simultaneously offering hundreds of thousands of shares for sale? This is money in the bank for the execs at National Gift. In fact, in a world in which releases are worth a million times their weight in gold, how could bad guys not be tempted to do this? That's why to avoid a scandal now regulators should cull the ranks of near-deceased companies that trade to be sure that they are delisted. Don't wait for this obvious fraud to happen.