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Microcap & Penny Stocks : ADGI - American Diversified Group
ADGI 1.400-20.9%Nov 4 3:59 PM EST
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To: Bob Pressler who wrote (3452)10/2/1997 2:01:00 AM
From: Loren S.   of 9569
 
ADGI ran a year ago to $.90 or so on hype along with a whole bunch of other penny stock busts. Investors who got in late got burned badly and got very cynical as the stock went on a steady descent to a low of $.012 or so. A number of the other pennies that ran at the same time, IDID, SEXI, DACQ, possibly ADVR (the verdict isn't in yet) have turned out to be big-time shams. Folks have gone to jail even. Investors associated the shenanigans of those companies with ADGI. In fact there was a connection of ADGI's fearless leader with SEXI at some point. In the meantime ADGI kept releasing press release after press release announcing this deal and that deal. But as the months passed people started wondering where the revenues were for all of these supposed deals. Cynicism grew among many investors. About two months ago ADGI announced a new telecommunication business with third world countries. Since SEXI was also in this business, cynicism mounted once again. More recently ADGI has told investors both in telephone contacts and in press releases that they will be reporting revenues for the first time this quarter. A lot of the naysayers don't yet believe because of the history I've just mentioned. Newer investors are more hopeful. As one of the few old investors, I too am hopeful because I see earnings as the ultimate piece of evidence that ADGI is for real and not a sham. We'll soon see.
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