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Technology Stocks : VIRT (Virtual Reality Inc.) - An OTC company.. Anyone???
VIRT 32.90-0.8%Jan 7 3:59 PM EST
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To: Mr. Jens Tingleff who wrote (111)1/22/1999 3:01:00 AM
From: Dan B.  Read Replies (1) of 172
 
The company reported a royalty agreement was reached for the use of the name Virtual Reality. No further monetary details were mentioned in that release.

Lacking any fundamental information/financials/news/ what-so-ever, I find there is no basis to judge the value of these shares at par value nor any other value; no thoughtful judgement can be made thus investing here is but a "pull of the lever."

There are two things I think I know. One) Some person or persons stepped in the other day to buy maybe 500,000 shares at a price of certainly well under 50,000 dollars. Two) there is no apparent hype machine what-so-ever attached to this company.

Can I assume someone thinks buying this stock at prices up to nine cents will prove profitible for them? Perhaps. Perhaps some person is mistaken?

I'm fairly confident that the one time principles of this company had a solid reputable history working for NASA. Now, as in previous rallies, the near total lack of public information doesn't seem to fit the typical bill of a hype or scam, and so in a very real if odd way, it feels refreshing to me when compared to many of the BB crap promotion machines I look at! So while the existence of this outfit seems to be but a ghostly Virtual Reality indeed- I'm not willing to sell my little long standing stake into this little virtual rally. I'd rather keep my hand on the lever. Of course, I'd never recommend buying this stock under these circumstances.
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