Hi Samuel,
Sounds like our frustrations are similar re: ICC & G-H-Z.
Who needs sleeping pills when you own these 3 yawners? (I wish I was kidding)
I'll be more than happy to share my opinions, but please be aware that is
all they are. I'll preface by saying that I'm still LONG on all 3, as I
believe each will prove to be a winner in a big way.
To be honest with you, I've tried to keep from calling ICC unless I have a
specific question. 2 reasons for this:
1. I've put my money on their updates & their updates seem to be consistently
out-of-date, off-date, whatever, i.e. ZMAX on NASDAQ by February, GOAE
moon shot in April, etc.
2. Their attitude of "I can't say - I don't know - Nobody should've ever
told you that", combined with #1, has led me to believe in the companies in
spite of ICC. My take on the matter is that they've suffered from enough
"foot-in-mouth", so now their strategy is to simply stay quiet. A smart
strategy, considering past results.
IMHO's (might as well talk about all 3):
GOAE - I think that merger will be complete in June. At this time, private
placement will be announced. I understand from Mark @ ICC that GOAE was
seeking $8.5M PP & wound up with committments for $21.5M. About 2.5x
oversubscription vs. 8x or 10x, but Mark sounded pleased. Over beats under.
I'm hanging around in HOPES that jump will take place when merger is final.
2 reasons for concern:
1. In looking back at ZMAX chart, ZMAX jump from 7 to 13 took place BEFORE
announcement of their PP. Stock drifted down after that, only to get caught
up in the y2k irrational exuberance at the end of 1996.
Again, HOPES are that institutional investors are holding out for "official"
announcment of merger to buy shares. Maybe their bylaws (or common sense)
won't allow otherwise.
2. Nobody is buying. GOAE must have one heck of a nice guy market maker,
bid price hasn't gone down but 1/8 or 1/4 even though nobody's bought
any GOAE in awhile.
ZMAX - HOPE a lot of good news is coming in the short run, but that's all
I've got is HOPE. As of last Wednesday, ZMAX had not filed with SEC.
From a post (I think I made one on SI) a week or so ago re underlying
stock strength. That analysis still holds. I believe we've got a winner.
From what little I understand, I believe the combination of ZMAX management,
product & very low market cap (relative to other y2k companies) gives
us fantastic potential for a "moon-shot". Don't have a clue when launch date
is scheduled. I HOPE that filing takes places this month.
HARD - Here I believe ICC has been 100% on-the-money. Long term winner,
don't look for much overnight. According to a report back in February,
HARD had 3 Board members, with plans to find 2 more. Last week's
announcement gives validity to this statemnt, & this fellow sounds like
another winner.
When ICC took over HARD account, stock was at $.25. Zoomed quickly to
$.70 (+/-) & has settled back down. Although no one has bought a share
in the last 4 days (if memory serves me correctly), only 15K have been
sold (less than $6,000 worth). Looks like HARD may have found a bottom.
Appears to be great long-term investment (for risk-oriented investors,
obviously).
Again, this is all MHO only.
Would appreciate thoughts of others. Even if they don't make any more
sense than mine.
Take care,
David
BTW, Samuel, about those "Mel's Diner" reruns - sounding more & more
interesting. Do you think Mel might go public anytime soon? <g> |
