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To: Mr. Jens Tingleff who wrote (782)	4/6/1999 10:32:00 AM
From: Stanley L Brown	Respond to of 915

Jens, "These type companies and transactions" mean companies that have bilked thier investors out of their money, and then as a shell try to continue the process. The picture is overall, it does not include IPO's as much research and reporting goes on in the process of an IPO. However becoming pubically traded by means of inhabiting a shell is much easier to skirt the SEC. If it was your company would you rather have your shares traded through a medium that is new and has pasted the SECs requirements its self, or one that occupies the shell of a failed company and as in this case that includes the baggage management? In my experince the ones who resort to the shell inhabitation are the ones that couldn't make it otherwise, and thereby the percentage of failures are high because they shouldn't have been publically traded anyway, but someone saw a chance to make some money off of the uninformed. Good Luck. Happy Trading Stan