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To: marcos who wrote (49)4/27/1999 11:45:00 AM
From: Dusty  Read Replies (1) | Respond to of 58
 
After reading all the stuff on this thread; I better understand some of the bogus sounding news releases I have read in past years. Some appear to be obvious scams while others are actually believable.

I have wondered if press releases were indeed checked for accuracy. After reading this thread the answer appears obvious if the article posted by etc. is any indication of the way business is actually handled.

Is it possible wire services as a whole may not be liable for what they print; so information is printed as submitted? Do investors who may have invested in a company scam as a result of news have recourse against them?

Do news services who distribute company news have an obligation to verify the involvement of all parties mentioned in the release? It would seem so but maybe not?

If anyone is able to get anything printed for a few hundred bucks the investors are nothing more than sitting ducks and have become birds of prey to the scam artists and greedy of this world.

Regards,

Dusty