Meteor Minerals Inc MMI
Shares issued 13,902,820 Jun 28 close $0.215
Mon 28 Jun 99 In the News
John Kaiser, writing in the June 28 Bottom-Fish Tracker, says Meteor
Minerals is a strong buy at 15 cents. Perhaps owing to Mr. Kaiser's
recommendation, the stock closed the day up 6.5 cents to 21.5 cents on the
Alberta Stock Exchange. The letter writer says it is not often he comes
across a stock that truly excites him, adding that his criteria are
"extraordinary fundamental potential" and a dirt-cheap entry price. Mr.
Kaiser, who calls Meteor an "Alberta-diamond-play dumpster stock," has
developed an Internet story through the right to earn a 35-per-cent
interest in Thoughtshare Communications for $500,000 in stages.
Thoughtshare, he says, is developing a prototype for a browser plug-in
"that will revolutionize the way we use the Internet." Mr. Kaiser says he
was initially cool to Meteor's story, but after researching it further
decided that it offered "unlimited upside potential" if the Thoughtshare
project evolves as expected. The plug-in allows Internet users to
contribute to a Web site that makes sense of the millions of pages of
content that surfers find in their often dead-end searches. Mr. Kaiser says
the risk is that other, better capitalized computer companies, are probably
also developing similar devices.
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