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

To: wallstreetreporter who wrote (499)	1/24/1999 4:03:00 PM
From: Janice Shell	Respond to of 684

I really wanted 500. I think you make some excellent points. Yes, there should be a level playing field. My guess is that the SEC's using 17(b) to go after people it feels may be hyping penny stocks outrageously. As you know, there are a helluva lotta of 'em out there. I suppose they think that since much more information is available about issues traded on the NYSE and Nasdaq national market that less vigilance is required, but again, that isn't fair. I agree also that insisting on disclosure of the precise amount of payment doesn't make a great deal of sense. Neither, though, do I feel that a "blanket statement" of the kind used by many promoters--"We may or may not hold a position in this stock; we may receive payment for..."--is sufficient. It would, for me, at least, be enough for them to acknowledge that they're being paid to do what is essentially PR for the company in question.