USBL (United States Basketball League) Message Board

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Microcap & Penny Stocks : USBL (United States Basketball League)

USBL 0.276

0.0%

Jul 27 5:00 PM EST

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To: Beermeister who wrote (41)	12/10/1997 7:51:00 AM
From: rharris	Read Replies (1) of 146

Daryn - Please be careful not to mix facts with hype. The value analysis was designed to show the comparison of the replacement of the infrastructure of creating a similar league from scratch, it is not an audited financial valuation. However, it does show that it's not a start up business,a lot of hard work has gone into it and the owners are serious business people. I feel the merits of the USBL stand by themselves - they don't need hype. The USBL has been around for 13 years and it has a lot going for it. I feel the time is now, because there is a lot of forward movement in it's West Coast expansion, a big-name player/coach (probably more to follow), media publicity, etc. Since the stock has only been public for 18 months and there has only been a $1.50 - $2.50 price range, this stock hasn't been manipulated or illegally shorted. Looks like a slam-dunk from here. When the USBL first started - team franchises went for $30,000 to $60,000 each. Now they are $300,000 and will probably go higher. Minor Baseball teams used to sell in the thousands, now they are $10 million or more. NBA teams are now $200 Million. BUT ----- USBL is the first publicly owned professional sports league in the United States and the first franchisor of professional sports teams. A fan can now be a part-owner of an entire league. I am watching this one very closely and will report as I know.... HOOP DREAMS!!!!! Richard

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