FORMATION CAPITAL CORPORATION- $900m in Cobalt finds Message Board

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Gold/Mining/Energy : FORMATION CAPITAL CORPORATION- $900m in Cobalt finds

FCO 9.420

+0.1%

Aug 6 5:00 PM EST

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To: Bannick who wrote (74)	8/12/1999 8:58:00 AM
From: donald martin	of 87

Mike, What I'd LIKE to do is find another discount broker/dealer and run a Canadian desk for them. I never achieved the critical mass necessary to compete with the E*Trade's of the world, and couldn't justify being licensed in all 50 states for the volume I was doing. That said, there doesn't seem to be a place in the US where you can do unsolicited Canadian trades for $50 a ticket, much less $14.95. The best I've found is 2%, and for the sizes I trade, unsolicited, that's too much. Back to FCO, you never know when someone's going to wake up to their potential. Hopefully they've got enough cash to make it through a couple of quarters now. Cobalt isn't the first commodity most people think of, but as the US$ gets hit harder, eventually, FCO should draw some interest. I'll be watching. Don Martin

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