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Axcess Business News has been covering Project Penny and Mr. Park's grass roots organization extensively (see, Stock Fraud, Swindles and American Way). Over time, Project Penny has gotten support from Congressmen, influential securities lawyers and thousands of individuals who want improved disclosure and recently even Securities and Exchange Commission is beginning to listen to Mr Park. Perhaps Mr. Coulson is beginning to listen as well.
In response to Pink Sheets LLC's news service that helps shareholders and brokers alike obtain news on companies, Mr. Park of Project Penny (otcfraud.com) said, " The Pink Sheets has been receiving continued pressure from organizations such as mine that are demanding significant improvements and changes be made to Pink Sheets. I believe we are finally beginning to take steps in right direction."
Related Articles:
Stock Fraud Swindles and American Way November 2002 - While new rules on corporate governance have been taking effect little has been done to stop penny stock schemes and swindles. One man took it on his own to do something about, forming a grass roots organization dubbed, "Project Penny.
Stock Fraud Swindles and American Way Part II December 2002 - A college student in Florida who had been swindled in a penny stock scheme formed a grass roots organization he calls "Project Penny" in an attempt to sway regulators to adopt more stringent rules. We caught up with Mr. Park, taking a second look at Project Penny and his progress.
Wall Street's Changing Landscape Sept 2002 - With NASDAQ's loss of many companies, few are taking notice of new BBX exchange.
Rating The Stock Touts - who are better swindlers Repeatedly Americans have seen news on pending fines against some of Wall Street's better known investment banking firms, waiting for regulators to act. And what an act it was.
Link To Ian Park's Grass Roots Organization:
Project Penny: www.otcfraud.com Grass roots organization attempting to reform penny stock rules. Founded by Ian Park. Mr. Park is what reform is all about. We need more people like him who'll stand up to Wall Street and Washington. I urge you to click on his link and join his grass roots campaign to reform penny stock rules! I gave him three rabbits, our highest relevant rating for a link!
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Alan writes a daily financial column for Axcess Business News. Go to http://www.theaxcess.net and help yourself to some common sense! Read Alan Fein Now!!!!