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Microcap & Penny Stocks : Phoenix Information Systems

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To: george wood who wrote (38)7/24/1997 12:43:00 AM
From: Gary E. Johnson   of 98
 
George:

I have $4.00 tickets for half the people in China!

Hurts? You ask,........... YES!!

All I can say is, send me $50.00 and I will send you a list of all the stock I have purchased. That way, you will have most of your DD done for you. You will know right away which stocks to place on your "DO NOT BUY!" list.

Now, to get serious....

What is going on? I HAVE to be missing something.... PHXS is where or better than where they said they would be. They have moved into China Southern, they have good management, and backing (Soros), they have a good system, they have the political connections. I know for a fact that insiders purchased stock at the $4.00 level also. YET their stock goes down.. I really had faith that THIS China play would be fruitful.

I started purchases on 3/3/95, and increased and held since. It is now 50% and 25% of my buy in costs. Why has the investment community turned thumbs down on them?

I really hate to hear speculation that it will be NEXT summer before they move. I had expected $10.00 long before now.

What did I miss in my DD? Any suggestions, anyone?

Frustrated, Gary J
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