|
PureBytes Links
Trading Reference Links
|
>Date: Wed, 13 Oct 1999 14:28:56 -0500
>To: Ron Augustine <RonAug@xxxxxxxxxxxxx>
>From: Robert W Cummings <robert.cummings@xxxxxxxxxxxxxxxx>
>Subject: Re: Medical Stock
>Cc: omega-list@xxxxxxxxxx
>In-Reply-To: <x2.2.16.19991013081605.61776450@xxxxxxxxxx>
>
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.
>>>>
>>>
>>>
>>>
>>>
>>
>>
|