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Non-Tech : Millionaire.com (OTC BB:MLRE) --Realistic expectations

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To: CoffeePot who wrote ()12/19/1998 11:21:00 AM
From: Wayne Rumball   of 132
 
Think the question here is 1."is MLRE overvalued" and 2. "is it a scam"

think the answer is 1. yes, 2 maybe no

at $10 it's a 60 or 70 million $ market cap.

AOL is 54 billion
EBAY is 9 billion

are those valuations justified? no.

As far as a scam, they have managed to make wired news and bloomberg news, so I think not.

There are some reputable people behind this.

I hyped this all over the place at $5 and $5.50. I stopped when it hit $8

Why? because it is not worth $8, n EBAY is not worth $million or whatever its trading at.

It just looked like a runner and still does.

These guys are well connected and will continue to pump out the hype. I don't think they're after 10's of millions, I think they have a bigger plan.

JMO
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