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Microcap & Penny Stocks : MDCE ... Where Entertaiment and Education Embrace
MDCE 0.0003000.0%3:46 PM EST
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To: REM who wrote (1428)3/26/1998 11:40:00 AM
From: Ron Harvey  Read Replies (3) of 3046
 
Unless something zipped by while I was napping, it doesn't seem to me that any of this posse of neophyte investors has run any numbers to determine company credibility. Per the 3/9 announcement, MDCE buys Pasadena for about a quarter of a million dollars in stock, restricted no less. So they buy a company for the price of my house. They say, "Pasadena's current sales is equivalent to 18 cents per share earnings." So MDCE, with about 22MM in outstanding shares (that you know about) has for 250K in paper picked up a company that will earn the company 4MM. Gosh, kids! Looks like Pasadena was asleep at the switch, bartering their company for 1/16 the value of a year's earnings. Or, heaven forfend, something's seriously fishy.

And why no comment about MDCE's 12 month revenue goal of 10-12MM producing 50 to 55 cents per share earnings? What a deal! And on 22MM shares. No taxes. No sales costs. No overhead. No manufacturing costs. No transportation or distribution costs. No materials costs. Gross revenue translates into bottom-line earnings. Sugarplum dreams come true!

And my favorite via the Undervalued Dog tip sheet: 1.7MM yards of sand and gravel "with a lifetime value of over 480 Million dollars."
Let's see. That's $282 per cubic yard of sand and gravel. Zow! That's the most expensive dirt in the world.

Sheesh!!
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