Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Laz who wrote (2826)	5/15/1998 6:05:00 PM
From: Alan Markoff	Read Replies (1) of 25711

I agree with Joe on the fundamentals of the stock, but somehow this one keeps getting beaten into the dirt. Hopefully with some pressure, luck and timing this one just might fly. Yes and I noticed the same when I was sitting on the sidelines watching the trading. Back then it seemed like much more buying was coming in and when a few sells hit they pumped the price down, this was consistent day after day as IKAR was sliding from a high of 3 plus. Then the following news release was put out which sparked my attention; Re-Incorporation in the State of Delaware Ikar has re-incorporated in the State of Delaware. Henceforth, the company will be known as ''Ikar Mineral Corp.'' The company's shares will continue to be traded on the OTC Bulletin Board under the symbol ''IKAR.'' The company has now applied to become a fully-reporting issuer. New Transfer Agent and Transfer of Share Certificates Ikar Mineral Corp. has appointed Interstate Transfer Co. as its new transfer agent. The company's address is: 56 West 400 South, Ste. 260, Salt Lake City, UT 84101, U.S.A. Shareholders of Ikar Mineral Corp. must tender their existing share certificates to Interstate Transfer Co. by April 30, 1998, in order to receive a corresponding number of new share certificates in Ikar Mineral Corp. Also note that IKAR's cusip # has changed; Well 4/30/98 has come and passed and IKAR is not trading the way it use to, matter of fact the opposite is occurring with a small amount of buying the stock is acting more positive on the upside as selling has little effect on a consistent basis. This stock was driven down to .90 a few weeks ago and if you look at the charts its slow steady rise is very obvious. Then step back and look at the timing in regards to the meeting with the IMF and Tajikistan,s government officials. Randy at IKAR is not just meeting with the IMF he has much more on his agenda than that since he will be gone for Approx; 30 days with a schedule full of meetings to work out the future in regards to IKAR. Randy should be back at IKAR by the end of this month. Randy was meeting with the IMF and Tajikistan the first week of MAY, and then this came out; infoseek.com it is only obvious what is taking place and being that Randy is meeting with many people with a time period of 30 days all one has to do is use common sense. Also Joe I concur your post was excellent and I also stay away from mining stocks but this one has much potential and they are not relying on just Gold since they hold vast reserves in Tungsten and other metals on there property. The combination of that and the development of Tajikistan and its economy to me makes this an unbelievable combination not to mention the fact of having a float of approx; 6.6 Million shares and total issued at a mere Approx; 17 Million.

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