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Technology Stocks : INTERNET ASIA + Indexes

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To: ezmoney who wrote (1394)	10/26/1999 12:10:00 AM
From: Francois Goelo	Read Replies (3) of 1567

PHMG: IR/PR Larry Kristos is going to Hong Kong beginning of November... to meet the Principals of the Company to complete his Due Diligence... He'll be carrying a list of questions that I am putting together... The PHMG Lawyer assured me this was a Bona Fide Business with a few Major Shareholders strictly "controlling" the stock... The 9.5 Millions shares will be "pooled", as well, so that the stock can build a base between $4.00 and $5.00... It is in their interest to do so, to lessen financing cost and to eventually file for NASDAQ... As you can tell watching the trading, there is little stock available and most trades are "Buys" at the ask... They're also in the process of being Audited by a "Big Five" Company in order to complete the filing of the 10SB, as soon as possible... The reason the stock went down is due to the Company's lack of experience in dealing with certain IR and PR Firms, which did precious little, while flooding the Market with their Free Shares... They've learned their lessons and they now reward their new IR/PR Firms based on performance, from what I understand... I believe the stock will have little difficulty to climb back to the $4.50/$5.00 level, where trading should become more balanced... Regards, F. Goelo + + +

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