To Leonas
Here's a quote from a former stock promoter "when the Investment Letter guys
are going SELL, SELL, SELL, one must ask the question, "Why?"
Are they trying to protect you? Well, in one case, I do know
that one newsletter editor issued a SELL recommendation on one
of my favorite companies. I also know that he came to the
insider and asked for 100,000 shares of "cheap stock" for his
"services." The insider refused. The SELL recommendation, cleverly written by that writer in someone else's newsletter, crashed the
stock. (Since then, I have unearthed other manipulations being run
on that company and why they were run, but it DID open my eyes as
to how viciously and petty this game is played.....and also
how innocent bystanders can get hurt.) It IS ironic that most of
those SELL recommendations are another variation on " running
a shaker." Any time you hear ANY story, from ANYONE, he is
either running up the stock or running a shaker. Some may not
even be doing it for THEIR benefit--they could be repaying a favor.
You scratch my back and I'll scratch yours. Really. This
IS how the game is played.
Kaiser and Coffins vigorously slammed AOT when stock price was
at the bottom, now it's trading at 0.90 range. During a protracted downward price cycle on ABE I noticed a consistent "buying interests" from different houses before Kaiser finally slammed it down. May be Kaiser was doing this for his own ulterior benefit. I still believe that Chimborazo has alot of potential based on the previous drilling results.
Kaiser says sell disastrous bottom-fish
Agate Bay Resources Ltd
ABE
Shares issued 8009290
1997-11-24 close $0.11
Tuesday Nov 25 1997
John Kaiser, writing in the November 20 Kaiser Bottom-Fish Tracker, says
Agate Bay Resources is a sell at $0.12. Agate Bay is on Mr Kaiser's 1997 list of
100 bottom-fish companies issued in the KBF Report of December 23, 1996. At
that time, the stock was $0.71. Mr Kaiser says copper-in-Chile Agate Bay turned
into a "disastrous" bottom-fish when bad luck hit on three fronts: a nuisance title
problem that delayed the Chimborazo deal; the Busang bust killed off institutional
funding; and Inmet's involvement with Rio Algom in the $2.5-billion Antamina
project is pushing Chimborazo to the sidelines. Jack Marr may still get the project
going, but scaled down as a SX-EW operation. According to the newsletter
writer, Mr Marr deserves top marks for effort, but until a core group emerges
with a large equity stake, the stock should be avoided.
Kaiser says sell as a lost cause
Ascot Resources Ltd
AOT
Shares issued 12570897
1997-11-25 close $0.17
Tuesday Nov 25 1997
John Kaiser, writing in the November 20 Kaiser Bottom-Fish Tracker, says
Ascot Resources is a sell at $0.18. Ascot was on Mr Kaiser's 1997 list of 100
bottom-fish recommendations issued in the KBF Report of December 23, 1996,
when it was $0.44. Mr Kaiser says he has become fed up with Ascot and he says
he intends to ignore the company for at least a year. After trying out diamonds on
Victoria Island and gold in Labrador, Ascot farmed into an advance project in
Bolivia called Laurani that cash-rich Corriente preferred to explore with
somebody else's money, Mr Kaiser reports. Ascot spent US$500,000 on a drill
program that pleased Corriente, but not Mr Kaiser because Ascot failed to gain
financially from the play. "Given Ascot's price and treasury ($500,000), Laurani
looks like a lost cause, and so does Ascot," Mr Kaiser writes.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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