I think you have some facts wrong. First, SJI can't be selling their stock in SLEU since their stock is RESTRICTED 144 paper that won't be free trading till late 1999.
Second, it appears that when SJI owned Maverick, it was only a captive unit used to host that company's own cigar web site, and hosting the sleuth search engine came later. Plus, they only owned the rights to buy the engine, but obviously didn't know what they had, since they let it go for only paper which wasn't worth much at the time.
Third, your counting of how many shares traded Friday doesn't mean anything. Actually, if you know anything about BB stocks, you should know that any reported volume on any OTC stock needs to be divided by at least 2 to account for double counting (the buy and sell). In some BB stocks that number is closer to 3.
I do think you are right in one respect, that the number of real shares out there does not make sense. There probably is more stock than the 2.7 listed on several spots. I plan to check this out more.
As to that contact being the same guy, I was told that the reason that is the case is that he was helpful in getting the Maverick division sold by SJI and that he was given a chance to work on the sleu account. I also did a check of his name on press releases and found quite a few other companies that his firm represents, including several NASDAQ listed companies, an AMEX company and several other pretty tame situations.
Hey I bought some of this earlier last week and I hope it works out. I think the search engine is real good and anyone building a portal based on an established search engine (as opposed to something still under development) has a good chance of being valued highly in this market.
At least that's my take on this one. |
