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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH) -- Ignore unavailable to you. Want to Upgrade?

To: Baldur Fjvlnisson who wrote (1794)	3/27/1999 10:19:00 PM
From: CYBERKEN	Respond to of 2153

Thanks Baldur, I will check the price at night. The big problem with the pinks has always been low liquidity and occasional spreads as high as 100%. 6 or 7 years ago, I had bought one (on the usual stupid stock tip) and my month-end statement showed I had paid a 100% spread. The internet and new reporting regulations should help make the BB more respectable and hopefully a safer place to invest. The pinks could also improve somewhat, IMO, as the use of on-line research and investing grows. While I have been aggressively critical of the SEC regarding the LEAH affair (and I continue to believe that a severe weakness in our regulatory process has been exposed here), I am encouraged by and enthusiastic about the new BB reporting requirements. I believe that any company whose shares trade in public should be held to certain reporting standards. Affordability can certainly be a factor in the creation of those standards. But every business that survives creates for itself and its financiers an income statement and balance sheet, and there's no reason why even a pink sheet stock shouldn't have to disclose this fundamental information.