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Microcap & Penny Stocks : SIIS (Struthers Industries)

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To: R. Michael Boyter who wrote (364)5/16/1997 7:14:00 AM
From: Jim Boomgard   of 709
 
Well, said. I have lightened my holdings and invested it elsewhere. The tax write-off might be the best that comes of this. I still feel overinvested in this operation for exactly the reasons you mentioned -- disrespect to the shareholders.

I think there is better than a 50% chance that we will learn that this has been a scam from the start. Bought some liscenses and have no money or capacity to do anything with them. Hoping for a windfall somehow. It might even end up Chapter 11 -- with all the lawers working on the "short selling" problem, I'm sure they will find a way to let the owners walk away -- and keep their nice cars and houses.

Anyone here buy Bre-X??

Still hoping for the best, but can't help but think its the worst.

Best,

Jim
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