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Re: Jim Bishop post# 104688

Thursday, 10/19/2006 1:35:55 AM

Thursday, October 19, 2006 1:35:55 AM

Post# of 169278
Jim Bishop - I am willing to accept there are simply too many scams for the SEC to keep up with and since Reg SHO they killed off a lot of the research support they had so that aspect has gotten consideraly worse. As a result, the SEC has become more of a paper tiger than it was before. Still, they need to draw the line somewhere and, in my opinion, that has to be with EDGAR. If nothing else, they simply must fight like heck to maintain the sanctity of reporting. EDGAR was the best thing to happen to for the investing public as it gave us all access to the information we need to do research. Now with this 10K, it has become apparent to me that the SEC has become so inept that they cannot even guard this core aspect of the market. I cannot imagine what Mike Watson and Debbie Hamption are doing in Atlanta but I know for absolute certain what they are not doing. They are not guarding EDGAR. They have effectively let the foxes into the hen house and now there is nothing left to guard. This 10K requires 10 minutes of time for anyone with half a brain to know this 10K is not only not compliant, it is a complete joke. From there is it only a matter of going through channels to get this thing halted or to initiate some other aggressive action to let the public know that something is terribly wrong with CSHD yet here it is Wednesday night and the SEC is silent on the matter. This makes me furious and is why I have chosen to add SEC to my list of groups I need to expose. They have had since the filing of the 8K to act and have done NOTHING. This effectively destroys the credibility of EDGAR and makes it as reliable as investrend.com or one of those other bogus commercial sites that pretends to be independent and honest with valuable information when in fact it they are nothing but another way to dissemintate crap disguised as due diligence material.

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