Hi Buddy .....We better thanks Luc for opening a private thread :-)]]
Below is a pretty good rundown ....and have a good weekend.....we are forecasting 2 feet of snow in the mountains over the weekend.....Put on my Snowtires today and my skis are in for tuneup.
Subject: Update from Top Cat... Friday, 2 Oct l998
LeRoy,
My computer at home is sick and I have been unable to get everything
done I would like to.... the markets are getting hammered, the DOW
down another 200 plus points today totalling over 5% in the last two
trading days... TSE not any better...
MDRE... near the close, price at $0.16 on 441,000 shares... For the
record, over of the last four months there have been many differing
opinions (and many negative) about the ability of MDRE to get
approval for trading in the US.... I think approval of their US
listing dispells many of those opinions... now that this has been
accomplished, the cat and mouse game is about to begin... and as I
have said many times before, this is not going to be a quick run, the
US Market Makers are far more experienced than that..!!!! the first
part of the game starts with promotion as it is with every stock -
PROMOTION is #1 cause for a stock price to go up... I believe that
MDRE has put and continues to put a good promotion plan together...
Let me review, 1) Meyerson is their financial banker and US Market
Maker (this will create exposure and control), 2) Guiderra is their
US PR firm (this will create exposure), 3) negotiations for other US
Market Makers to move into the stock after the 30 day trading period
are in progress, 4) the US OTC:BB market is hundreds of times larger
than the Canadian OTC:BB market (massive exposure potential in the
long-term), 5) potentially numerous press release which should create
cycle of buying and exposure (for example, 1st year financials (my
estimate based on first three published QTR's we are looking at
conservatively over 1 million in revenues and profits in excess of
$300,000), 1st quarter earning (already complete), Chelation (both in
Anguilla and potential acquisition in Vancouver and more in the US),
possible other products MDRE will be licencing, expansion at the
Anguilla resort, and others)....
Conclusion: no one can control the buying and selling, but what I
suspect is about to happen is that the US MM's are looking at this
stock and saying, "why give the Canadian MM and investors an easy out
by raising the price, instead let's shake the tree here over the next
several weeks and draw out all the stock at cheap prices.." and
judging by the price pull-back yesterday, that is exactly what is
happening... there are trading requirements to be met during the
30-day trial period before full electronic listing and before other
MM's can join in so why raise the price just yet... I predict that
95% of the people that own the stock in Canada will be out of the
play in the next 30 days... the anxiety everyone is experiencing is
"ANOTHER 30 days PLUS...", my response is, "that is the way the cat
and mouse game is played..."... only those that believe and can
sustain the pressure will be around for the next level of trading...
By the comments I have been receiving and reading, I am lead me to
believe that there are many inexperienced penny stock players in MDRE
(even possibly their first purchase in their life)... this play has
revenues (in the black), good potential in terms of promotion (both
short and long-term), so... either sell and move on or accept the
game that is about to begin... the US MM's need to draw out the stock
from the Canadian MM's and this will take time... and it will be
frustrating, especially for those who haven't been through it
before... GOOD LUCK....
And by the way, I have been having computer problems, thus unable to
post the last couple of days... and NO... I haven't sold a share
yet... much too early in the play to consider that... so for those of
you that think I blew off my shares in the 2.8 million share day two
days ago, think again... I am looking for a lot more than 3 or 4
pennies on this one... |
