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Pastimes : Learning To Invest Correctly - A Shared Experience
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To: Cliff Daniel who wrote (183)8/2/1998 2:58:00 AM
From: EL KABONG!!!  Read Replies (3) of 253
 
Cliff,

You really do have my sympathies for the costly lessons of investing in the pennies. 90% of them (in my opinion) are bad investments. Only 10% or less will go on to become a legitimate small cap stock. Of the 90% that aren't good, upwards of half of those are scams. A scam, in my opinion, is a stock that has little chance of succeeding, the company knows it and yet persists on pursuing its' goals using shareholder dollars rather than venture capital or their own money. And the last category of the bad investments are those that are outright fraud. Whether or not MTEI eventually falls into this category remains to be seen, but my opinion is that you and the other MTEI shareholders have ample grounds for a shareholder lawsuit against the current and former MTEI officers and their representatives. If fraud isn't involved, certainly gross negligence is.

KJC
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