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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire!

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To: Due Diligence who wrote (3281)7/22/1999 3:17:00 PM
From: Richard Nisbet  Read Replies (4) of 3584
 
Due,

like many of you I'm a loyal supporter of this stock and I said that this will drop back down to the 9-10 level because of the hype of the stock by the penny newsletter....however, I must add...some reality for our IR department....because they are spouting misinformation left and right here....please read the following carefully...as a long term shareholder...I ask you to make and please communicate your opinion...

****ps - Richard, we do take credit for creating significant exposure in MDMI. The stock price has appreciated and held over 50% in the past week with over 5 million shares traded. We feel this is significant, as a new floor is being developed in the $.15 range. I might also note that that this represents nearly 500% gain in this issue since we began coverage!****

ok... you began coverage on Mar. 31 1999... here is the story...

**** MDMI News:

Massimo Da Milano Inc. Announces La Guardia GFS as Massimo's Investor Relations Firm
DALLAS--(BUSINESS WIRE)--March 31, 1999--Massimo Da Milano Inc., (OTC BB:MDMI - news) announced today that it has selected La Guardia Global Financial Services to serve as its investor relations and corporate communications counsel. *****

Thanks to Big Buk's charts....here are the last 5 trades on Mar 30 the day BEFORE you were annonced as being hired....

3/30/99 15:47 .1500 3000 U Trade 3/30/99 15:53 .1700 5000 U Trade 3/30/99 15:55 .1700 3000 U Trade 3/30/99 15:57 .1700 1800 U Trade 3/30/99 15:58 .1400 3000 U Trade

MDMI closed at .17 that day.... excuse me but I'm just a Social Studies Teacher....not a Math Teacher....however, I seem to recall...that in order for MDMI to be 500% better than it was when you began coverage....it would have to be at .85 cents.... NO?

Hmmm....no wonder we can't get financials....we don't even know how to multiply....face it Phil...the penny stock letter caused this...and there is nothing to be ashamed of about that...

Even if you were on board weeks before that run up on Mar. 31 the share price was in the .07-.09 range....500% is .35 -- .45 either way you add it...(or don't add it in this case) you're way off...

I remain long and strong...

CoachNez
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