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Microcap & Penny Stocks : WestAmerica Corp. (WACC)
WACC 0.00Nov 11 4:00 PM EST

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To: t-bone who wrote (71)3/10/1998 5:05:00 PM
From: JOE TURMAINE  Read Replies (1) of 749
 
t-bone, I did notice that Marsha no longer works there!! It was good to be able to talk to the same person each time. Let's hope that MAX will be there through completion of the project!
I have no idea what will happen with the stock over the next few months. Ideally, once we're on the bulletin board, the company takes possession of the first parcel of land in May, construction starts, some heavy duty PR work gets done and the stock starts trading at $0.25. Within six months assuming substantial completion of the first phase of the timeshare project the share price should have honestly worked its way to the dollar range and qualify legitimately for relisting on NASDAQ.
Millions of shares were issued by way of the Reg S shares and depending on where they are now we will see success or failure. If the company is in business to make money by way of timeshare then we should be in a good position. If it's just timeshare for the sake of stock manipulation then I'm in the wrong position again. Let's hope for all of our sakes that the latter is not the case. Just the opinions of a fellow shareholder!
JOE
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