Dave wrote:
On Fri, 07 Jan 2005 21:06:23 -0500, Jeff Morris
said:


We have to know more? Like the Enron style fake company manipulations?
Like the generous loans to officers forgiven? Like the stock sales at
40% discount? Oh yes, this is a "squeaky clean" operation!


Please try to focus a bit more, Jeff. The words "squeaky clean" are not
mine.

So? That was the comment I was addressing. Try to stay focused, Dave.

The only issue I addressed was the claim that a specific stock sale
violated the SEC's rules against insider trading.

You mean the violation he was admitted he was guilty of?

Other stock manipulations,
if they existed, have nothing to do with that issue. Forgiveness of loans to
officers, if they occurred, have nothing to do with that issue. Sales of
stock at less than the market price have nothing to do with that issue.

You're right. Those were different crimes that the SEC did not pursue.



Since you seem to know nothing about corporate finance, I will point out
that sales of stock in an offering that isn't registered under the
Securities Act of 1933, whether to insiders or venture capitalists, are
almost universally made at a substantial discount from market price, because
the purchaser can't sell the stock for at least a year (in limited amounts)
and, in the case of non-insiders, after two years in unlimited amounts.

Blah, blah blah. Are you referring to anything in specific or just
making jaxian rantings? BTW - the 40% discount affair occurred at the
same time shares were registered. But you wouldn't want reality to get
in your way, would you

Try to stay focused, Dave. Its pretty clear that you've just conceded
my original point and now you just babbling to make a diversion.