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Microcap & Penny Stocks : Level Best Golf (LBGF)
LBGF 0.00010000.0%Oct 23 9:30 AM EST

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To: BobSugar who wrote (311)2/4/1999 3:40:00 PM
From: Cindy Powell  Read Replies (1) of 345
 
Hello Bob,
Probably what scares me about LBGF the most is that historically there have been these "surprise" runs on no news. Their angle iron was supposed to be pretty good but alot of money was blown on info-mercials. Some of the big golf stores have never heard of LBGF which causes me a little concern in that the infomercials may have been trying to snag an audience that was ill informed or maybe just arm chair golfers. There apparently weren't enough sales to warrant the steep costs associated with the infomercials. They needed to develope some brand recognition, and they needed someone that is well known in the golf industry to help get exposure and endorse their product. Jumping in and spending gazillions trying to get sales out of the arm chair golfing crowd was really a dumb move. I don't know if they have assets that are worth anything once they get their creditors paid, or what is going on. Pretty hard to get info when there are no phone numbers or anyone that seems to know anything. It could have been just a calculated run-up for all we know.
I'll keep my eyes opened for any info and post if I get lucky and happen upon some news.

Best of luck,
Cindy
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