FG,
I don’t believe that you have clearly established that Seaview, or anyone connected to Seaview, has definitively violated section 17b of the Securities Act of 1933. I read section 17b as though the person must receive a consideration (payment) for promoting the stock before they have broken section 17b. Can you provide this board with proof that anyone at Seaview, or connected with Seaview, has been paid directly or indirectly, for posting on this or any other message board for the purpose of enticing people to buy stock in this company? Please don’t tell me they are on the Seaview payroll therefore they are being compensated.
Taken from Section 17B, Securities Act of 1933
It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce……….. though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
Why do you keep making the assumptions that individuals at Seaview, or connected to Seaview, are not smart enough to make sure they are not violating SEC rules and regulations? Do you really think they have not received a legal opinion on this matter in light of the SEC looking under all of their stones?
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