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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC. -- Ignore unavailable to you. Want to Upgrade?


To: Level Head who wrote (3935)5/29/1999 10:14:00 PM
From: marcos  Read Replies (1) | Respond to of 4128
 
No, no, i don't change physical keyboards - hey i never play with the wires, they say it leads to blindness ... I always cross myself and perform the ritual with the fizzy amber beverage before so much as pushing the Power [doesn't that send shivers] Button.

No, i mean the keyboard changeover in Win95 ... if you go Settings, Control Panel, Keyboard [Properties], Language ... like that, you find a variety of keyboard setups you can install ready for use down in the right-hand bottom corner of the screen ... i have English (American), which is standard [well, Microsoft is an American outfit, and can hardly be expected to speak properly], and Spanish (Mexican) installed ... to change over, you click the little blue thingie and a choice box pops up, you click your choice and sometimes it changes and sometimes it doesn't ... sometimes the machine seems to need to meditate on your decision until you push the Reset Button and reboot with ScanDisk and the whole dreary ceremony .... there are some wild scripts there in Keyboard Properties - Turkish, Russian, Arabic, etc.

But speaking of switches - do you know if it's possible to get a Y-cable and switch for the phone line? ... the wire inside my magic box which allows the phone to be routed in a bypass when not using the modem seems to be fried ... for a while it made static on the phone, now the phone's dead, i have to unplug the modem at the wall and hook up the phone directly .... it would be nice to have a switch .... even nicer to have two lines, and that's coming, for sure.



To: Level Head who wrote (3935)5/29/1999 10:32:00 PM
From: Jeffrey S. Mitchell  Respond to of 4128
 
Re: Looks like ABFG might be forced to spend between $250,000 and $1 million to comply with the new SEC guidelines

According to market-pulse.com, ABFG paid Market Pulse "250,000 shares/ 750,000 shares pending" for a promotional writeup. It appears that this transaction was made somewhere around April 7 (see #reply-8756498). According to the new SEC guidelines, as cited in an MSNBC article by Chris Byron:

Now, the SEC's decision to issue tough new interpretive language for Rule 701 of the 1933 Act has put companies on clear notice that they cannot use their stock as payment for the services of stock promoters and investors relations operators.

According to an SEC spokesman, companies found in violation of the rule will be required to buy back the stock in question for cash, and must carry the obligation as a balance sheet “contingent liability” until it is discharged. The official said offending firms also are subject to civil enforcement actions by the Commission.

What's more, said the official, there are no “grandfather provisions” in the rule, meaning that any promoter who received stock for his services before April 7 cannot continue engaging in the services afterward.


msnbc.com or #reply-9849922 or
niri.org

So, the burning question is, on what day did ABFG issue the initial 250,000 shares to Market Pulse? Additionally, has ABFG made good on the other 750,000 shares? If so, on what day were those handed over? If not, what obligation might ABFG now have to Market Pulse to make good on their contract with them? And, lastly, does ABFG have the cash on hand to pay any potential fine that might be levied against them?

- Jeff