From: Andrew Williams |
Hello, I am a fund manager with nearly 20 years experience. I have two recommendations for your consideration. I just came across the following proposal by www. Pinksheets.com which I wholeheartedly support. “Pink Sheets has proposed that the SEC adopt a new rule that provides for full disclosure of the identity, compensation and relationships of all participants (i.e., issuers, sponsors, third party promoters, etc.) directly or indirectly engaged in the promotion of stocks in the over-the-counter (OTC) market and that targets the explosion of misleading spam email and fax promotions on OTC stocks and provides for increased transparency and effective disclosure to protect investors from "pump and dump" promotion schemes. The full rule change request is available for you to read at: http://sec.gov/rules/petitions/petn4-519.pdf” Also, I believe shareholders should have access to information regarding shares outstanding especially from companies that don’t provide statements, and I recommend the SEC require transfer agents to provide up-to-date sharecounts for their clients to shareholders via phone call or email (without unnecessary hurdles). THIS DISCLOSURE OF INNOCIENT INFORMATION SHOULD NOT TROUBLE ENTITIES THAT HAVE NOTHING TO HIDE. Thanks for your consideration. Andrew Williams |