BPNT - BarPoint.com, Inc. Message Board

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Technology Stocks : BPNT - BarPoint.com, Inc.

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To: Currency who wrote ()	8/26/1999 9:22:00 AM
From: Mahatmabenfoo	Read Replies (1) of 17

BPNT until a few weeks ago was called Harmat Organization (HMAT) and until a few months ago was a failed small time Long Island, NY real estate operation. At one point HMAT supposedly was going to buy the assets of a company called Spa Faucet (DRIP) which is now bankrupt. The deal feel apart, and was suspicious -- DRIP had some dodgy partners (at one time it was 51% owned by a company called ECO2 Recycling (TIRE) which was an outright fraud and fell apart without bothering to go bankrupt -- which to me raises questions about HMAT as well. About a year ago (or slightly more?) HMAT starting investing in information companies, starting with Socket Communications (SCKT). After HMAT's (BPNT's) recent acquisitions I don't know how much of the original HMAT is left, and it's hard to argue with a price rise from 50 cents to $5 -- unless, like me, you watched it without being part of it. The Spa Faucet / HMAT history is documented on here in the message areas about ECO2 and Spa Faucet. - Charles

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