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Microcap & Penny Stocks : MTCI - Will it live out the year ???

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To: WalleyB who wrote (1299)7/22/1999 12:36:00 PM
From: _Highlander  Read Replies (1) of 1336
 
Just checking this corpse to see what's happening and you have my sympathies...

Personally, I sold out last year (or was it '97?) at a .11 (cent) profit on several thousand and decided not to double up when it fell.

There was talk back then that the American branches would reconsolidate and still make a go of it, but it appears to have been snapped up as a money laundry...

That's the in thing for the past dozen years, you know. If you need a good front, buy the shell of a previously respected company and fill it with your toxic waste.

To site a few others that have gone this route, look at the 3-year histories of firms like CRTM(UVEW)<Curtis Mathes>; FTCFQ<Freuhauf Trailer>; or TCHP<Telechips>. These are stocks that only five to ten years ago resided in the $20-$40 range and are now, in most cases, worth less than paper! Money can be made if you buy for a penny and sell for a nickel, but it is risky business. Fact is, these firms used to be delisted once they went banco and closed their doors. These days, someone is buying dead horses and selling the skeletons sight unseen as live animals...
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