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Re: None

Friday, 10/01/2004 10:31:53 AM

Friday, October 01, 2004 10:31:53 AM

Post# of 4551
World Series.

Assume a baseball stadium holds 100,000 seats [ NNOS outstanding shares] but thanks to counterfeiting an additional 300,000 game tickets [ DTC and market makers] people show up with visually perfect tickets printed in cyber space.

The only proper cause of action is to check the serial numbers authorized [transfer agents] from the Stadium [ the Company ] and cross check the authorized tickets at the gate with those who are waiting to be seated.

When more than one ticket with the identical serial number appears [transfer agent], then the simple thing to do is freeze all in that serial number, until the original ticket has been authenticated.

It may be discovered after extensive investigation that the box office selling the authentic tickets was not at fault but that one of the original tickets was mass produced again and again at a Kinko's type outlets to sell to a waiting baseball market.

The continuing problem is that a sports event is at a defined date and time and with enough security at the turnstile most counterfeit tickets are plucked from the crowd.

However with a moving event like electronic trading, the counterfeit ticket not only gets traded, it multiplies over and over.

Now if you owned the baseball team and wanted revenue receipts, what would you do when the bad guys counterfeit tickets.

For the bad guys their is no pain in what they do and it is 100% profitable to them and when they finally get caught it costs them maybe a fine of 10%, leaving 90% for their efforts.

Play ball !

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