MegaWorld Inc. (MEGW) Message Board

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Microcap & Penny Stocks : MegaWorld Inc. (MEGW)

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To: Emec who wrote (893)	11/29/1998 1:39:00 PM
From: BS Buster	Read Replies (1) of 1058

I am finally back from my vacation and I am not surprised by what I see here. Wallstreet has its time-honored rules, customs and traditions and if companies want to be recognized and appreciated by the market they have to follow these rules. But if a company makes deals that make no sense, cuts corners and tries to short-circuit the process ("redtape") then it will be ignored and avoided. In the last two weeks the Bull ran right past MEGW and kicked the dust in its face. This company has no audience (except for you guys) and there is no market for the stock. Even if it ever makes it to Nasdaq it will take a very long time to get noticed by analysts. In your post David, you say that TBS has exploding business and is in need for capital. That is exactly number 1 reason why companies go public through an IPO. On the other hand, in this deal with MEGW (a BB company that only has reverse-split and failed magazine in its history) TBS gets $0.0 dollars. That's why the decision to be acquired BY MEGW smacks of desperation rather than sound judgement, imo.

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