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When diamonds were in the rage, following the Lac de Gras discovery, MEO was pumping diamonds. When this fizzled, they jumped on the internet bandwagon, by combining with some penny stock on the COATS. When this charade got exposed, they turned to oil exploration, but only after (and because) oil prices were rebounding. What's next? My bet is that MEO will announce, in early 2000, that they have combined with some obscure junior biotech company to successfully map out the human genome, since this is now all the talk of the pharmaceutical world (check out Celera on the NASDAQ). Instead of calling it "Net Locate" they will call it "Gene Locate". He he he. Seriously, good luck to those owning MEO common stock, but beware of MEO's hype, and constantly shifting focus. Prove my sarcasm to be wrong, and I will gladly eat my words. Regards. |
