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Technology Stocks : THERMOTEK INTERNATIONAL INC. ---NEW I.P.O. -- Ignore unavailable to you. Want to Upgrade?

To: Beermeister who wrote (17)	3/25/1999 9:47:00 PM
From: Don Pueblo	Read Replies (2) \| Respond to of 28

Yo Beermeister! Couple questions, since you seem to know a little more than the other people here: Harold is trying real hard to sell these "free trading" shares pre-release on the suggestion that they could "pop" on the day the deal goes...whenever that might be, just a slight delay, etc. And you say that the Stock Detective is just a bunch of short sellers that you are "at war" with... I'm wondering, just out of curiosity, what kind of a complete moron would do what Harold is doing? I mean, I understand he's the Pres and all that, but you would think he would at least have a working knowledge of the Securities Act of 1933. And what kind of a bonehead would back him up like you are doing? You know the Securities Act of 1933, right? Where the purchaser of a private placement offering gets lettered stock, where they are required by law to sign a piece of paper that says they understand they have to hold the stock and not trade it after the deal goes public? You know that part? Then there's the part where Harold talks about how the stock will go up when it comes out. That's pretty interesting, don't you think? I mean, even if the investors could sell their stock on the first day, (which they can't), how does Harold know that the stock will "pop"? That Harold, he can see the future, eh, Einstein? Which brings us to the antifraud clauses in the 1933 Act, which apply to all issues, Reg D or not. You knew that, right? And then there's that pesky part where the SEC can delay or halt the issue (before it "pops") if they find anything wrong. So here is Harold, doing this, knowing that what he is doing will delay the issue, while he says it's right around the corner. Where does the investor's money go then? To pay the rent while Harold waits for the SEC to get back to him? And since you say that 35 investors have already bought into this, and the maximum number of non-accredited investors in a PP is 35, you are kinda implying that the 35 spots are gone. Which means that unless I've got a mil net worth and made 200 geebos last year, I'm sorta out of luck on this deal, right? You with me here, Sparky? Not that I would want this POS, since I can't actually understand why, if Harold can see the future well enough to be able to tell what this stock will do when it goes public, is he peddling a private placement that does not have to qualify for registration...on a BB deal...to millionaires...instead of just taking the company public on the NAZZ and telling me what the actual deal is... ...unless he has some plans for the cash that he ain't talkin' about. This is the guy you want running the company you are investing in? You need to cut down on the suds, bubby. You are in a dream world. (Next time, I'll ask you about your compensation. See ya then.)