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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: vestor who wrote (61459)3/13/1999 8:14:00 PM
From: MoneyMade  Read Replies (2) | Respond to of 119973
 
NASD Rules states: "Because the U.S. Constitution's First Amendment protects
freedom of speech, the SEC cannot simply prohibit newsletters from recommending or
touting particular stocks. But when newsletters receive payment for touting, the
securities laws require them to disclose specifically who paid them, the amount,
and the type of payment (cash, stock, or some other thing of value)"
sec.gov

"The Commission continues to consider the 1998 proposal to require
disclosure in the Form S-8 of the names of any consultants and advisors who will
receive securities under the registration statement, as well as the amount of securities to
be offered to each and the nature of the consulting or advisory services, and related
comment requests"

Now "Touting" what the hell does that mean the word is very general...for instance how
many times can one say buy EUTO before the SEC considers it touting? 5,6,20
times...Also, what if it was Microsoft instead of a penny company would it be the same
outrage. Joe Park's case is HUGE in terms of everyone's civil liberties. His Disclaimer states his company's mission objectives and obligations.