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Pastimes : CYBERIAN GULAG + other thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Francois Goelo who wrote (68)	2/10/1999 10:00:00 AM
From: ztect	Read Replies (1) \| Respond to of 193

Number One rule with News Letters: Read the Disclaimer FIRST ========================================================== THIS IS A PUBLICATION OF WALL STREET RESEARCH GROUP, A FINANCIAL COMMUNICATIONS AND INVESTOR RELATIONS COMPANY. WALL STREET RESEARCH GROUP, A DIVISION OF WALL STREET FINANCIAL GROUP, INC., SERVES AS SPECIAL ADVISOR TO THE FEATURED COMPANY AND HAS RECEIVED FEES FOR SERVICES, INCLUDING A MONTHLY BASE FEE OF 25,000 SHARES OF STOCK IN ADDITION TO EXPENSES FOR PREPARATION AND DISTRIBUTION OF MATERIALS INCLUDING THIS REPORT, PAID FOR IN FREE-TRADING COMMON STOCK. MORE DETAILED DISCLOSURE REGARDING FEES PAID IS AVAILABLE UPON REQUEST. THIS IS NOT AN OFFER TO BUY OR SELL SECURITIES. INFORMATION OR OPINIONS IN THIS REPORT ARE PRESENTED SOLELY FOR INFORMATIVE PURPOSES, AND ARE NOT INTENDED NOR SHOULD THEY BE CONSTRUED AS INVESTMENT ADVICE. COMPANIES MENTIONED HEREIN MAY CARRY A HIGH INVESTMENT RISK; READERS SHOULD CAREFULLY REVIEW THE COMPANIES THOROUGHLY WITH THEIR REGISTERED INVESTMENT ADVISOR OR REGISTERED STOCKBROKER. THE ANALYSIS CONTAINED HEREIN DOES NOT PURPORT TO BE A COMPLETE STUDY OF THE FEATURED COMPANY OR OTHER COMPANIES MENTIONED. INFORMATION USED AND STATEMENTS OF FACT HAVE BEEN OBTAINED FROM THE FEATURED COMPANY AND OTHER SOURCES, BUT NOT VERIFIED NOR GUARANTEED BY WALL STREET RESEARCH GROUP AS TO COMPLETENESS OR ACCURACY. SUCH INFORMATION IS SUBJECT TO CHANGE WITHOUT NOTICE. OPINIONS STATED HEREIN MAY BE SOLELY WALL STREET RESEARCH GROUP'S OR THE INDICATED SOURCES, AND NOT NECESSARILY THOSE OF THE FEATURED COMPANY.YOU SHOULD ASSUME THAT OFFICERS, DIRECTORS, AND EMPLOYEES OF WALL STREET RESEARCH GROUP OR OTC COMMUNICATIONS AND FINANCIAL ANALYSTS MENTIONED, AND MEMBERS OF THEIR FAMILIES HOLD A POSITION AND MAY FROM TIME TO TIME TRADE IN THESE SECURITIES FOR THEIR OWN ACCOUNTS SPECIFIC INFORMATION IN THIS REGARD WILL BE FURNISHED UPON REQUEST. TRADEMARKS ARE THE PROPERTY OF THEIR RESPECTIVE OWNERS. © 1998 WALL STREET RESEARCH GROUP. ALL RIGHTS RESERVED. DUPLICATION OF YOU SHOULD ASSUME THAT OFFICERS, DIRECTORS, AND EMPLOYEES OF WALL STREET RESEARCH GROUP OR OTC COMMUNICATIONS AND FINANCIAL ANALYSTS MENTIONED, AND MEMBERS OF THEIR FAMILIES HOLD A POSITION AND MAY FROM TIME TO TIME TRADE IN THESE SECURITIES FOR THEIR OWN ACCOUNTS.THIS REPORT WITHOUT THE EXPRESSED WRITTEN PERMISSION OF WALL STREET RESEARCH GROUP IS STRICTLY PROHIBITED. FOR FREE REPRINTS OR TO BE PLACED ON WALL STREET RESEARCH GROUP'S MAILING LIST, CALL: 888-615-1145. ================================ Note 1). This disclaimer was in small hard to read text on web site. Note 2). The disclaimer is NOT fully disclosing. Note 3). This company's "activities" are in China. Know anyone in China who can confirmed the company's execution? Note 4). Putting "Wall Street" in the news letter title does NOT make the letter legit. Looks like the classic news letter pump and dump to me....Sorry I'll pass on this one.... Guess some of these news letter writers think if they tell you they are pumping and dumping in their disclaimer (read again "... YOU SHOULD ASSUME THAT OFFICERS, DIRECTORS, AND EMPLOYEES OF WALL STREET RESEARCH GROUP OR OTC COMMUNICATIONS AND FINANCIAL ANALYSTS MENTIONED, AND MEMBERS OF THEIR FAMILIES HOLD A POSITION AND MAY FROM TIME TO TIME TRADE IN THESE SECURITIES FOR THEIR OWN ACCOUNTS...") that some how makes this trading activity "legal"...NOT z Posted on GTCI thread...too

To: Francois Goelo who wrote (68)	2/21/1999 1:27:00 PM
From: ztect	Respond to of 193

Here is a new update from the SEC : This was found from another thread..interesting reading.. SEC Approves Series of Measures in Ongoing Fight Against Microcap Fraud Washington, D.C., February 19, 1999 – In its continuing fight against microcap stock fraud, the Securities and Exchange Commission today approved a series of regulatory measures that will provide additional investor protections while fostering the capital formation process. The Commission also issued a new investor education brochure that offers tips on how to detect and avoid microcap fraud. Taken individually, these targeted measures will increase the amount of information available to brokers and investors, close avenues that allow "pump and dump" schemes, and reaffirm the important role that investors play in protecting themselves. Chairman Arthur Levitt said, "As more and more first time investors enter the markets and the Internet plays a greater role in people's investment decisions, the Commission continues to be vigilant in the fight against microcap fraud. Today's regulatory measures will take a bite out of microcap fraud, but investors must be a part of the solution by doing their homework, asking the hard questions, and being skeptical, especially of get-rich- quick offers they see on the Internet and elsewhere." In February of 1998 the Commission began a comprehensive and coordinated effort to fight microcap fraud. This four-pronged effort, which includes enforcement, inspections, education and regulation, has been quite successful, yielding dozens of enforcement actions and better educated investors. The five actions taken today by the Commission: Rule 504 – Adopted amendments to Rule 504 of Regulation D that will deter microcap fraud while preserving the ability of legitimate small businesses to raise capital. Rule 504 is the limited offering action designed to aid small businesses raise seed capital; Form S-8 – Adopted amendments to Form S-8 that will deter abuse by issuers who have shown the greatest inclination to abuse the form in the past, as well as other amendments to facilitate other intra-family transfers of securities. Also proposed additional amendments to further deter abuse. Form S-8 is a short form used to register the offer and sale of securities to an issuer's employees; Rule 15c2-11 – Re-proposed amendments to Rule 15c2-11 to deter fraud in the over-the-counter market by increasing the amount of information available to brokers and investors. This rule governs the publication of quotations for securities in a medium other than a national securities exchange or the Nasdaq, such as the Bulletin Board and Pink Sheets; Rule 701 – Adopted amendments to Rule 701 to make the rule more useful and eliminate unnecessary restrictions, while preserving the protections to investors. Rule 701 allows private companies to distribute securities to their employees without filing a registration statement; Investor Brochure – The Commission also released a new investor education brochure called "Microcap Stock: A Guide for Investors." The brochure, available on the Commission's website at www.sec.gov, is a primer on the world of microcap stocks and offers a variety of tips on how to detect and avoid microcap fraud. The brochure is also available in a printed booklet; to order, call (800) SEC-0330. Nancy Smith, Director of the SEC's Office of Investor Education and Assistance, said, "While the Commission is doing all it can to detect and punish microcap scam artists, at the heart of investor protection is an educated investor. Our new booklet, Microcap Stock: A Guide for Investors' is a helpful 'how to' kit on understanding the microcap market, investing wisely and avoiding scams. It's a must-read for all microcap investors." For more information about the SEC's four-pronged response to microcap fraud, visit the SEC's Microcap Fraud Information Center at sec.gov.