Food for thought re "prominent NY based investment banking firm":
I receive the monthly and weekly picks from AnalystGroup.com. Some of their picks are good, others less so. I'm interested, but yet to invest in one of their current picks, whose trading symbol is EPOS. I am also invested, happily, in another of their picks DLK (formerly NETD), and at its current price of 42 7/8 is still a good investment.
I don't mean to recommend either investment, though, just relate a recent e-mail from AnalystGroup.com (AG).
AG writes that American Express is the largest institutional investor of EPOS, an OTCBB company (read that again), that closed this past Friday at, I think, 4 3/4. AmEx owns 400K shares of EPOS, or 11% of outstanding shares, approximately 22% of the entire float. AG, which is free, just loves EPOS; but they also love all their other picks. Point is, obviously, that AMEX is a prominent firm, and a large investor in an OTCBB company.
Or take DLK. Most of last year they traded in the $2-3 range on the OTCBB. Previously known as NETD - name changed in December - this company (I've read this but yet to verify same, so not to be taken as Gospel) several years back underwent a reverse split, more to stay alive than to please the whims of a prominent you-know-what. But that's not my point. My point is, that while trading OTCBB, and in the $2-3 range, prominent lender J. P. Morgan purchased, and still holds, 5% of DLK's outstanding shares. DLK moved to AMEX late December '99, and as stated, closed Friday over $42.
So, fairy tales can come true, and "prominent" lenders do on occasion invest in little OTCBB companies. Now, if I knew that JP Morgan, AmEX, Merril(sp?), Solomon etc... was our patron, my vote re R/S would be an enthusiastic "yes". I feel my vote is pretty much pro forma in any event, but my desire - dare I say my right - to be informed prior to the vote of at least the lender's identity remains adamant.
Regards, Tim |
