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Politics : Ask Michael Burke

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To: James R. Barrett who wrote ()	2/14/2000 5:00:00 AM
From: Fred Fahmy	Read Replies (1) of 132070

Here's an example which I believe epitomizes much of today's market excesses. I thought you guys might get a kick out of it while you wait for your BK <g>. NETJ.COM (NETJ) The stock is up about 400% this year which is rather comical given the following company profile. "NetJ.com Corp. is a development stage company that currently has no business. Its business plan is to seek one or more profitable business combinations or acquisitions to secure profitability for shareholders. It has no day to day operations at present time. For the fiscal year ended 12/31/98, the company reports no revenues. Net loss decreased 68% to $30 thousand. Result reflect the company cost saving efforts in general and administrative expenses." The company has 0 employees, 3 officers, and a $56M market cap <g>. Reality truly is stranger than fiction. FF

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