CAML lovers Where are you? Message Board

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Microcap & Penny Stocks : CAML lovers Where are you?

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To: HLL who wrote (1093)	11/12/1996 11:43:00 AM
From: Philip Pasteur	of 1541

HLL. They actually lost money on normal business activities in 1Q '96 Don't be fooled. Danny bought a shell in Europe, sold distribution rights for Digiphone to himself at a hugely inflated price (he couldn't find a viable company to pay $1 Mil, so he paid himself $7.5 mil, is there something wrong with this picture?). If you take away this one time windfall, that was paid in "loan stock" so Danny could put any value he wanted on it, they showed a loss on continuing operations. Just wait to see the balance sheet for Q2 '96. I predict more huge losses! BTW the patent is for some almost useless gadget. Even if, and this is a big IF, a patent is granted, I doubt if it can be a significant money maker for Camelot! Do your homework, and please do not be misled by Camelots inaccurate hype!!

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