> > But if a private company is not allowed to make its own rules, and try to > attract people to use its services voluntarily, then why should an outside > party be allowed to write a 'Securities and Exchange Act', and require such > a private company to follow the act by force? > I never said that they shouldn't be allowed to make their own rules. But I can't find rules that govern anything beyond the way things are traded anywhere on their site.
There aren't any listing rules or base valuation rules in the true sense. So what we have is a private offering of roughly $400,000 worth of shares [at current gold rates] in a private association, offered over the counter in exchange for privately bailed funds. Nothing wrong with that at all. Untill three HYIP crooks who read this list put their heads together, that is. Then it's still free market and nothing wrong with that either. Then a few hundred investors get burned. Free market, tough luck. Then the saints in residence start trashing the people who exchanged the funds of those investors and the list oracle[TM] knew it all from day one. All of which won't help the people that lost their money, nor the honest merchants who lost revenue because people lost money and bought less. And it certainly won't help the image of the internet gold community either. And all because Craig insisted that nobody should raise some concerns to the good people at TGC. I'm trying to help here, you know. I want this bourse to succeed because its one of the things we have been lacking and I rank the event in importance similar to 1mdc.com - another pioneer that showed how complimentary services and infrastructure is what will get the internet gold concept really going. Cheers, Robert. budget & privacy website hosting http://www.cyberica.net budget & privacy domain registrations http://www.u2planet.com --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
