Mining Global Inc (MNGG)

[Huggy Bear]

Hi Joel. Nice of you to come clean after telling some of us you were Joel's room mate, in my case in person over the phone, which I called you out on immediately.

This is what I think is pertinent regarding this "revelation".

Section 17(a)(2) of the Securities Act of 1933 (as amended) states:

It shall be unlawful for any person in the offer or sale of any securities or any security-based swap agreement by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly—


(1) to employ any device, scheme, or artifice to defraud, or

(2) to obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or

(3) to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.

Should it come to it I intend to assemble and file an Amicus Curiae brief regarding this widespread practice of CEO's posing as retail on the message boards in order to support the purchasing of stock.

This could be the perfect opportunity to set a new and necessary precedent that I have been advocating for years. But as in any area of the organic evolving law, a case has come before the court first to be able to petition for this element of established law to be applied to a practice that is currently ungoverned.

The practice of CEO's posing as regular retailers on the message boards needs to be enjoined IMO, so thanks for establishing yourself as the actual CEO of MNGG.

This is a good read. This practice also should be enjoined under Rule 10b-5 IMO, and we will see what happens.

http://www.kvn.com/news/news-items/Section-17-a-of-the-Securities-Act-of-1933-Unanswered-Questions-