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Gold/Mining/Energy : MYT - Mytec Technologies
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To: Investor 007 who wrote (1026)7/3/1998 5:36:00 PM
From: Glen Abbey  Read Replies (2) of 1535
 
I don't know Tomko. I only looked at this stock because I heard Grecco was moving in. I have been exposed to him in each of these other companies and he was a winner. In each case, he did launch products in difficult markets with success. I have no idea what gave you such a negative impression.

I have been involved with another biometric start-up. It was and is also slightly ahead of the curve. Waiting for products or concepts to hit the mainstream creates a financial challenge for all hopefuls attacking the tremendous potential of the biometric authentication market. I am optimistic because Mytec has already begun addressing two key elements being endorsement as a standard and distribution. He who controls these controls the game - ask Microsoft.

But sure there are concerns inherent to any start-up ahead of the curve. Mostly time and money oriented. The risks are there. There are other competitors, the Counterforce cashflow needs bolstering, and the market is lagging. If you expected Grecco to ride in on a white horse and save the day in 4 months... I just don't know why you have that expectation. He has not won any favor yet... but he sure does not deserve to be condemned for not doing the unreasonable.
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