Doug Casey's special report
Stock
TTFC first traded in August, 1998, has been as high as US$4.75 and as low as $.28, and now sells just off its low, down over 90% from its high. The good news is that US$1.8 million was raised at high levels - $1mm at 3.50, $800,000 at $1. Another $1mm at $.20.
TTFC currently has 15 million shares out, over 8 million of which are owned by management, which is good. Small companies whose managements don't have a fat position are generally non-starters by virtue of that fact.
As usual, especially with stocks traded on the Bulletin Board, where you're at the mercy of rapacious market makers, you should exercise care in buying. At anywhere near current prices, however, I can't see how you can get hurt, and it's OK to pay up to $1 - if you must. Although regular brokers can't compete with Internet brokers on commissions, I still think you're well-advised to use (unnamed broker) to buy this stock, if only because () is very familiar with the company, and stays in touch with them. Indeed, you'll recall it was () that first drew my attention to Starnet at $.50 I'm not saying Telefficiency will be another Starnet, but it's definitely a low risk, high potential deal, even in this toppy market. Call Brunet or Clubine at 416-324-3030, or request a care package at 888-684-4224. The website is www.telefficiency.com.
What am I going to do with my Convergent? Sell some TTFC in the next few weeks, after the newsletter goes out.
Posted with permission from Doug Casey |
