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The administrator at Des Moines U. said Layne was a doctor. That's not the
issue. Evidently the administrator of the email service at the Univ. was
sure enough that this was a spam within the definition that they use when
they prohibit such behavior in their usage agreements or he would not have
cut off the doctor's email access. As a lowly email administrator, you
don't piss off a valued alumnus of your Univ and member of the medical
fraternity unless you're very sure of your grounds.
At 02:28 PM 10/13/99 -0500, you wrote:
>That's ridiculous this is a stock promotion if I ever saw one you get real
>Ron. Agreed it's carefully worded by expressing "phenomenal results"
>concerning the product as a medical person. Yes there is a hint of insider
>information here "the public will soon be informed". So how you going to
>profit from this product other than buying the stock? This is a public
>forum and no opinion lawfully can express as to buying or selling any
>security by an unregistered person period. That also means I can't tell you
>on here but you contact me privately I will give you the details. You might
>not go to jail but you probably will be hit with a large fine. Plus how do
>you know this guy is a doctor? Secondly how do you not know that he and the
>other doctors have not been told to keep this private from the company
>because of insider information?
>You don't that's why the SEC has a blanket policy when it comes to
>disbursing security information in public forums, this is no different than
>running a full page ad in the wall street journal.
>
>Robert
>
>
>
>
>
>
>At 08:14 AM 10/13/1999 -1000, Ron Augustine wrote:
> >
> >No, I think you and a few other busy-bodies missed the point -- the Doctor
> >said "I'm just a doctor who has had phenomenal results with the product" --
> >There is no hint of "inside information", nor is the Doctor affiliated with
> >the company.
> >
> >If I tell you that I have had phenomenal results with an IBM PC and you
> >decide to buy IBM Stock, do we both go to jail? -- Get Real!!!
> >_______________________________________
> >At 10:57 AM 10/13/1999 -0700, you wrote:
> >>
> >>Many apparently missed Robert's point. This was not simply the Doctor's
> >opinion.
> >>It was his opinion - based on information that had not been publicly
> >released. The
> >>distribution of such data *and* any action taken by those receiving the
> >data is
> >>unlawful. In the original Equity Funding case it was the analyst of a major
> >>brokerage firm who analyzed financial data from the company and deduced
> >that Equity
> >>Funding was a fraud. He withheld the data from all but a few of his
> >institutional
> >>clients, rather than preparing a research report for general distribuion.
>They
> >>bailed. Equity Funding folded. The analyst was drawn and quartered.
> >>
> >>It could happen to you. Be careful out there.
> >>
> >>Jim
> >>____________________
> >>Sentinel Trading wrote:
> >>
> >>> If the Doctor wants to share a stock tip so what, it is not spam nor
> >unlawful,
> >>> nor should it be unless he his violating insider trading rules.
> >>>
> >>
> >>
> >>
> >>
> >
> >
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