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Gold/Mining/Energy : PRTI -- Ignore unavailable to you. Want to Upgrade?

To: John Rowe who wrote (393)	5/27/1999 10:27:00 PM
From: raydit	Respond to of 424

Thanks. I sent a copy of my post to the SEC in Denver along with your response. The director is D.F. Shea, 1801 California No. 4800, Denver CO 80202-2648. I also sent copies to Nasdaq Investor Services, 1735 K Street NW Washington DC 20006.

To: John Rowe who wrote (393)	5/28/1999 6:39:00 PM
From: raydit	Respond to of 424

John: You say PRTI has a bottled water subsidiary? Where did you get that information? Last time I spoke to Berg he told me PRTI is now a "shell corporation". No assets. Said he thought the corporate headquarters had been moved to Minnesota. I had to go to the Nevada Sec/State to find the registered agent. I would like to do a Molosevic on Berg and Ray - send them back to the Virgin Islands or Israel or wherever they came from. Why is our government battling international criminals in Yugoslavia and ignoring lawless anarchists here at home? I plan to have my congressional representatives help me. Senator Gramm, fortunately, is not a lawyer and has kicked the SEC's butt in another case I know about. We need to destroy the unbelievably corrupt system whereby the SEC has become powerless to enforce securities laws and shysters are running wild. PRTI is a good example. You will note that this thread was started by the posting of a news release in 1996. That information was not sent out to me, a shareholder. Pure fraud!

To: John Rowe who wrote (393)	5/29/1999 3:52:00 PM
From: raydit	Read Replies (1) \| Respond to of 424

A somewhat similar situation to PRTI is the Trinity Gas (TRGC) fiasco in Texas. There is a Techstocks thread. It seems that once one could not float a public stock offering without a red herring and a prospectus in accordance with state and federal regulations. Nowadays all that is necessary is a filing with a secretary of state, a Nasdaq symbol, and a glowing press release or posting on the Internet. We are back to the 1920s in spades. Some lawyers are raking it in. I saw in a TRGC posting that one receiver in the TRGC aftermath collected $600,000 for a few months work. Another company that is operating similarly to PRTI is a Redmond, Washington outfit named Interactive Objects (OBJX). The principals, I believe, picked up a Nasdaq listing by issuing stock for a corporate shell in Salt Lake City. The stock began trading on a glowing Internet posting and the stock ran up from about 1 to 10, then back to 1 again. Some principals left; the company paid them off to cancel their stock options. OBJX does file some SEC reports, but they do not issue reports to shareholders or have annual meetings. They have no product sales and live off news releases posted on the Internet. Shares outstanding are in the tens of millions. Isn't this high tech environment great?