IELSF-Flight to Fortune Or? Message Board

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Microcap & Penny Stocks : IELSF-Flight to Fortune Or?

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To: Intrepid1 who wrote (502)	11/24/1998 10:33:00 PM
From: Zeev Hed	Read Replies (1) of 520

purething, the MM's are buying at 1/32 and then selling at 3/32, some of it, possibly to short coverers, but most to "suckers" that average down, or hope beyond hope that the company will somehow survive. Right now the maximum shares authorized is 50 Millions, thus at 1/16, the total valuation of the company is around $3 MM, some people may think that even without the gambling game, this company will eventually be worth more than $3 MM. I for one, do not think so, and have stated my misgiving about investing in IELSF the moment I became aware of the presence of the floorless. Zeev

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