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Microcap & Penny Stocks : International Automated Systems
IAUS 0.04000.0%Jul 8 5:00 PM EST

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To: Larry Holmes who wrote (421)10/7/1996 2:59:00 PM
From: Ronald Leland Daniels   of 7618
 
Larry,

>> I would have been glad to see it but was never given the chance,
>>though I did ask, and said pretty please, three times;

Did you actually contact IAS and ask if you could come to view what they
have? You said you asked three times; did they actually say, "NO."? A
personal friend of mine did visit them, and made no mention of having
trouble. From my experience, you have to just keep calling until you get
someone, and don't count on a returned call or e-mail (I don't know why).
Several times I have been told that anyone is welcome, if they sign the
non-disclosure. You could be very helpful to all of us here if you could
actually give IAS a visit.

>>This is not a criticism, it just puzzles me. I can't see the logic in
>>IAS enduring the fall of their stock prices, lawsuit, SEC investigation,
>>etc., when all they'd have to do to stop all that is simply show the
>>demo.

It puzzles me too. Assuming that those at IAS are not aflicted with some
mental handicap (a safe assumption), I think there must be some reason why
a public demo has not taken place. I have no idea what that reason is.

>>I've been very candid with you (publicly), now perhaps you will be candid
>>with me: if you had not already purchased IAS stock, would you buy it now?
>>Why or why not?

I think that if one cannot afford to lose the money he is investing, he's
asking for trouble if he chooses to still play the game. There's no such
thing as a sure thing (if you find one, let me know- we'll both become
millionares). With this in mind, I have an easy out to your question. I
cannot afford to loose the money it would take to buy more stock, so I would
not invest. Now If I did have the money to invest, I would probably take
a trip to Utah, and visit IAS myself, then make a more informed choice.
That friend who I said went to IAS, originally bought in at 43. He was
pretty bummed when it dropped below 10. So, he went to take a look. After
his visit, he said he intended to buy more. I would probably do the same.

You do one of the best jobs of speaking on this subject against IAS
because you make a very clear effort to remain objective, and never belittle
those who differ with you. Thanks again for you input.

Regards,
Ron
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