Meteor Minerals Inc -
Kaiser says buy Meteor: Internet story a winner
Meteor Minerals Inc MMI
Shares issued 13,902,820 1999-06-28 close $0.215
Monday Jun 28 1999
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.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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