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Microcap & Penny Stocks : MDCE ... Where Entertaiment and Education Embrace
MDCE 0.0003000.0%Jan 16 9:30 AM EST

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To: Rob D. who wrote (2831)7/28/1999 1:34:00 AM
From: Stephen Goldfarb  Read Replies (1) of 3046
 
Rob: No mention of the Harold Robbins materials in the pack. Also, no mention of the Suleyman film. The pack comes across as a concept of future plans. In that regard, it seems, pending further notice, that we are not in a significantly different position than before the merger. I recognize that the company has management who may have a decent chance of performing. The merger partner also has cash flow. If they are progressing, it is not apparent. One might speculate that if they were making timely progress, they would not be so chary of saying so.

Company officials neglect in responding to shareholders is a concern. They are certainly building up ill will. The view that they can't say anything unless its in a press release sounds "overscrupulous." It suggests limited experience.
They might consider training the receptionist to answer routine questions (merger conditions, outstanding shares, properties still owned, projected times for accomplishments, etc). Significant news announcements can wait for the vaunted press release.

Steve

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