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Microcap & Penny Stocks : TMMI - Total Multimedia

TMMI 0.0105

-18.6%

Nov 14 9:30 AM EST

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To: kphone who wrote (7858)	3/21/1998 10:47:00 AM
From: Arnie Doolittle	Read Replies (1) of 19109

"At todays price, this company is cheap even as a write off." Eons ago when I was at Coopers & Lybrand, the national tax partner said that he was often besieged by folks at cocktail parties. The dialog he described went something like this: "Sir, X tax shelter is a great investment. Besides it offers a 100% tax writeoff in the first year. What do you think about that idea?" He grabbed a cocktail napkin and scribbled $10,000 on it. "I'll tell you what. Give me $10,000," he said as he pointed to the napkin, "and I'll guarantee you a 100% writeoff." Those who ignored his advice lost their investment and incurred costs fighting the IRS on tax shelter issues. The moral? There are no cheap writeoffs. TMMI is no exception. Arnie

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