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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Froman who wrote (5317)10/24/1996 6:27:00 PM
From: Hubert Few   of 13351
 
Fro, I'm probably out on a limb here, it seems that lots of folks are getting that glassy eyed stare again, salivating at the prospect of "biz as usual" with SOL again. Let me say this about that....the fact that the stock is trading is not in itself a tremendous leap forward for this company, or what's left of it.

When IDID was busted down to the BB, it was and still is trading at about a 50 to 100% spread. These "bargain" shares of SOL may not look like such a bargain if it turns out that the company's estimated revenues are a tenth or less of what Hot-toe projected. It would seem that Walther is already setting the stage for that revelation.

I'm no wizard on the finance stuff, but I don't have to be to figure out that even at 50 cents the market cap is still 32 million dollars. I'm a long way from seeing any justification for that at this point.

This is an obvious windfall for the market makers.....when/if the BB trading starts again bad news could knock what little bit of wind is left right out of the bag.

I guess something is better than nothing, and if this trading gives folks an opportunity to either bale, or pick up more high risk shares, more power to them. I did state after the halt that I was going to bale at the first opportunity, I didn't count on this, and I am not as foolish as I may sometimes sound!<g>

At any rate, I wish the foolish and the brave alike tons of luck on the outcome.

Hubert

OOps, almost forgot:

AIN'T NO WAY THIS DUMB CRACKER FROM GEORGIA IS GOING TO BUY ANYTHING THAT IS HYPED BY SGA GOLDSTAR OR OTC COMMUNICATION, NOT NEVER, AND THAT YOU CAN TAKE TO THE BANK!
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