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Pastimes : The Perils and Pitfalls of Investing With "Friends"

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To: Done, gone. who wrote (15)10/26/2004 1:20:34 AM
From: Bill Ulrich  Read Replies (1) of 377
 
Holy smokes. How much later was the email? One of the club members said he was approached to bail TLC out of a homeless shelter. I suspect that was BS. I mean, how do be a master trader, trading options willy-nilly, solicit on SI with an apparently very active internet connection ... from a homeless shelter? Strange but true. This story gets even stranger. Stay tuned.

"If you are interested, I can get you 5,000 shares at ten cents. With each share, you get 5 warrants exercisable at one dollar. What this means is that if the stock opens and goes to two bucks (which is what they expect) you will have 5,000 shares at a dime and 25,000 shares at a buck, all for $500.00."
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