Classic Golf Corporation (CSGC) Message Board

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Microcap & Penny Stocks : Classic Golf Corporation (CSGC)

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To: Larry Brubaker who wrote (424)	3/31/1998 11:46:00 AM
From: Bill on the Hill	Read Replies (1) of 904

Second post to CSGC. I bought at $.28 after watching the stock during the "flurry" of press releases that were released a few months ago. I had every expectation of making a few dollars off of the stock and then moving on. I did not make money on this one. I sold at $0.23 today. Maybe next one will be "the one". I thought about holding this stock for the long term but what led me to sell today is that after buying the stock and calling the company, golf course, e-mailing Jack Nicklaus, doing lots of DD and not receiving any financials or even a hint of financials I put all of this on the table and considered what I had. 1. Young CEO with a good idea. But he could not be reached. 2. Mr. Loth who seemed to be a good organizer. His attention to the details of pr, financials, address and phone number on website were very poor. 3. The original "tournament" is played with no notice, fanfair, advertising, press releases, follow up information. 4. Stock goes down with press releases. Even if they have future releases between now and the next tournament, will those drive the stock lower like the past releases did? 5. Web page looks like a third graders art project. This is how we are supposed to interface with a company that releases no information with its stockholders? I have e-mailed the company 5 times and received 1 message back from them. I have had three returned to me as undeliverable. Whew - did that make me nervous! 6. Gut feeling. Bottom line is that this company makes me nervous. They have a attitude and it shows. Stockholders aren't fools. I worked hard to make my money and I wanted just a decorum of understanding or attention to detail. None given. So boys and girls, I will take what is left of my marbles and go elsewhere. I truly hope that I am proven wrong because my original belief was that this was a wonderful plan. Obviously I was not the only one. Good luck to you all. I think that the sector is showing potential for growth. Bill in Colorado. p.s. The tournament seemed identical to one put on by a course built by Jack Nicklaus and his son here in Western Colorado. It was to sell building sites only. It worked. Only problem is the company that sold the lots did not use public investment as a vehicle to finance their purpose. They used their own money.

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