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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK) -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (496)	1/24/1999 3:19:00 PM
From: wallstreetreporter	Read Replies (2) \| Respond to of 684

if the SEC was really serious about enforcing 17b they could (and should) go after the Wall Street Journal, Institutional Investor, Forbes Individual Investor, New York Times...the rule list goes on .. 17b is designed to ensnare anybody in the media the SEC want to go after What i would really like to know is if sombody discloses that they received a fee - why should anybody care HOW MUCH they got paid? is it your business to know how much your neighbor makes? i DONT think so. does Forbes disclose that Timken spends $1.2 million a year on "corporate image advertising" in Forbes? NO. But Forbes does write a glowing story about Timken. I can give you HUNDREDS of examples. Editorial/Journalism IS influenced by Advertising SPENDING in the traditional media...the SEC should investigate THAT. yes, janice, 17b is obscure nobody in the financial pr business was aware of it untill the last 12 months. if the SEC really wanted to help the investor they should HELP those in the financial PR business make proper disclosure. we NEVER received a call from the SEC saying "we'd like to talk to you about disclosure, make sure you are saying the right thing" Before the events in october, if you asked 99% of practicing SECURITIES ATTORNEY'S about disclosure - they would tell you "you have to say you received A fee". I don't know ANY lawyer who ever told their client about 17b untill the last few months. I never tried to hide anything in the past and my previous disclosure always stated that anybody could get the specifics by calling, or writing me. now that we know about 17b we are in total compliance, to the best of our abilities. janice, since you are an expert in securities law i welcome your comments and suggestions.