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Re: twbrokewaterhouse post# 146807

Friday, 03/11/2005 12:57:33 AM

Friday, March 11, 2005 12:57:33 AM

Post# of 358501
Thank you for posting this, twbrokewatherhouse. I agree that GLKCE is a graphic example. It is a graphic example of shareholder inability or unwillingness to read public filings. I agree that this is a serious problem which has cost investors millions of dollars. I'm not sure what the solution is. The only one I can think of is that investors should not be allowed to invest in a pink sheet or Bulletin Board stock without first successfully answering a questionnaire on each stock. This seems reasonable, no?

Clearly Mark Faulk also suffers from the same inability to read filings. My suggestion here is that for financial commentators we can take a page from the restaurant industry. In many municipalities restaurants are graded on cleanliness, and that grade has to be shown prominently by the entrance. My suggestion is that writers like Mark Faulk should be given a mandatory securities test, and their test score should have to be displayed whenever they write something. I, for one, would like to know, before reading, whether the guy whose article I'm about to peruse got a D for understanding, just as I would want to know before ordering whether the food I'll be receiving got a D for sanitation.

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