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To: grw5 who wrote (16481)5/19/1999 12:48:00 PM
From: dch  Respond to of 19331
 
Well, that one went over my head (not necessarily a very large leap).
Can you spell it out for me in, er, grey and white?

--dch



To: grw5 who wrote (16481)5/19/1999 12:50:00 PM
From: valuehunter  Read Replies (1) | Respond to of 19331
 
The following is a purely fictional account with no intention to be
based on much of anything:
SCENARIO: Committee hearings involving a securities policing agency
known as CES.

Committee Chair: Mr Jones, we understand you are employed by the CES, an agency charged with the mission to police the securities industry to ensure certain standards & reporting requirements are met.

Mr Jones: That is essentially correct.

Committee Chair: Mr Jones, we understand that you suspended the trading in company XXX due to your agency's concerns about their use
of the so-called pooling method in accounting for purchases. At the
same time, numerous other companies have utilized the same method w/out incident. Is this accurate?

Mr Jones: This could be true.

Committee Chair: If true, is there any particular reason you chose to specifically announce a suspension in the trading of company XXX?

Mr Jones: Not particularly, no. However, we felt it would send a
message to others. We fully intend to go after others such as
GE, AOL,& Microsoft in the "near future".

Committee Chair: Mr Jones, would it surprise you to learn that we
discovered that yourself and some of your apparent "associates" hold
short positions in company XXX? For the record, it should be noted
that the short position alluded to was well hidden & took considerable digging to discover. Well, Mr Jones. Your response?

Mr Jones: I wish to plead the 5th to protect myself from potential
incriminating statements. I also desire a lawyer before answering
any further questions.

<<<<Again, this account is purely fictional without any basis in true
characters or anything else. Just a figment of one's imagination>>.V