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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Thor Carlsen who wrote (2327)1/10/1999 9:22:00 AM
From: Richard Mazzarella  Read Replies (1) of 5143
 
Thor, I think that sell at the bid was for only 200 shares so I wouldn't make much of anything on the close. However, the small volume since the press release must be viewed as a very skeptical market. I have it on very good authority that there are probably the metals reported by J/L at Sticklizard. The significant current market issue is the credibility of J/L to recover economically. I also suspect that others don't have the same confidence as I do about the assays reported by J/L. IMO the market is very skeptical because they know the history of J/L over a dozen years of promise to a result of no demonstrated economic success. IMO the only way for MGAU to soon overcome the skepticism is to be more forthcoming with the technical details where the market will feel more confident that it's different this time with J/L. They could do that with a president's message on the MGAU webpage.

If you saw some of my posts made before the press release you saw I forecast good results from J/L because J/L couldn't afford reporting anything but good results. As Laser suggests, it was baked in the cake. Now we have the potential for extremely significant news with the coming report on the cinder cone 500lb recovery test result. I believe that a good result is already "baked in". MGAU must learn from the current market reaction the dose of skepticism they "bake in" bringing J/L into the picture and work to normalize that negative force. It is conceivable that J/L has finally done it, but it will take more thorough description of what was done, who did it, and demonstrated evidence sufficient to overcome any doubt. I know that MGAU has the skill to accommodate the reality of current perception after seeing the market reaction to that last press release.
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