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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: jhild who wrote (4144)8/12/1999 12:18:00 AM
From: JeffO  Read Replies (2) of 5541
 
On Cataldo at SNTKY...
Lets do address Tony Cataldos tenure at SNTKY. The facts prove he did a fine job under extreme circumstances. I will include the links to the disgruntled SNTKY investors yahoo posts, plus a few of my own which will prove he is just dead wrong.

A poster on yahoo posted the following to messages on the MVEE thread with the intent of bashing Tony Cataldo and implying an improper relationship between him and Mohamed Hadid.
I do not not dispute any of the facts contained in the posts. I do dispute the interpretation included by the author of the posts.

messages.yahoo.com
messages.yahoo.com

The following will explain why IMHO the poster is dead wrong. Cataldo was doing a good job and the company failed because a competitor came out with a superior product, Viagra.

Cataldos tenure at SNTKY spanned from 8/96 to 1/99. The link below contains a link showing the SNTKY chart for this period.

bigcharts.com

CATALDO arrives August 1996 SNTKY share price just above $1.

July 10, 1997 Packard Agreement is identified in the yahoo post as the beginning of Hadids relationship with Cataldo at SNTKY.
The sntky share price is just above $4.

August 1997 SNTKY share price crests at a little over $5

September 1998 thur December 1998 SNTKY share price hovers in the upper $4s to $5

January 1998 SNTKY touches $5 level again.

March 27, 1998 Viagra is approved. (For those dont know the primary sntky product was an penile injection.)
verity.fda.gov
SNTKY share price falls to $3.

June 30, 1998;
Windsor invested $3,300,000 in Senetek for the issuance of Ordinary Shares 1,100,000 to be adjusted if under $5.
SNTKY share price a hair above $3. After the FDA Viagra approval I would guess that many of SNTKYs $$$ sources were drying up fast, putting Cataldo in a situation where he had get $$$ someplace. So it is not as if SNTKY had people throwing money at them.

July 1998 SNTKY share price is just under $5. Despite Viagra Cataldo was still busting hump trying to raise the dead.

September 21, 1998
Al-Sabah, a company affiliated with Hadid, has borrowed $500,000 from Senetek Without knowing all the details I will make no guess.

CATALDO leaves December 1998 SNTKY is trading below $2.
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