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To: Bill Fortune III who wrote (2241)	5/10/1999 9:51:00 PM
From: patchman	Read Replies (1) \| Respond to of 2994

Bill, better check with your lawyer. Not disclosing that you are involved in a private placement and then having the intent to sway other investors on a public forum is illegal. Disclosure and intent are the key words here.

To: Bill Fortune III who wrote (2241)	5/10/1999 10:03:00 PM
From: tinsoldier	Read Replies (2) \| Respond to of 2994

Absolutely correct Bill and taken to heart. In general I understand the role of PP's in fledgling companies. Some are good, some are bad for the commoners once they come in. In the long run if the company is any good it doesn't matter. However I'm not sure I agree that the participants in the PP face more risk than the common shareholders. Many of these private placements are designed to in fact insulate the participant from risk through such instruments as floorless convertibles or substantial discounts to prevailing market value. The problem for non-participants of course is that these companies are rarely SEC reporting so the details emerge only over time if at all. FWIW, I have no problem with 2.4 million of unrestricted .17 shares for the InvestRight Club per se. But Jeff was asked about the PP and would decline to elaborate. He also subsequently referred me, and others, to the smilex site and the .46 offering. There are rules of disclosure as Patchman has pointed out. These rules, IMO, especially apply when an investor in a PP touts the stock. I remind you of the Gene Martineau affair. I do not see any difference between what happened on the HVSF thread and what the InvestRight Club has done with RDIM. RDIM is a ship sailing on it's own now and will sink or float on it's own merit. Too bad it's history has to include this. Tinsoldier (pass the tin-cup) ggg