Robert, let's set the record straight here:
Leroy explains:
ALL good business people have failures.
In point of fact, all good business people have successes, and this company hasn't had one. As I said earlier, Wilfred Shaw has never had a single business success, either privately or with a public company.
Leroyt further explains: MIS International (MISM) formerly MIS.V (Vancouver exchange) had had two false starts.
Actually, it has had at least four since I was first a shareholder. First it was an auto-wrecker; then it was a videogame retailer; then it was an auto service franchisor; then it was a pretzel franchisor. Now, I guess because the Internet is is in vogue, it is in the internet business!
In every instance, the stock goes up on huge volume and the imminent announcement of "good things." But the deal goes sideways in time, and the "management team" gets fired. Shaw then explains that they were to blame.
Leroyt concludes: Hopefully we'll get is right this time. I think we've got a good start in a GREAT business area!
This quote is very interesting. I've secretly suspected that Leroy is very close to Wilfred. Who's the "we" Leroy makes reference to here? Yeah, that's what I think.
I am neither long nor short this stock. I'd like to short it but you never know what kind of tom-foolery might propel it still higher.
Finally, contrary to what Leroyt explains, company do indeed announce how they propose to pay for their acquisitions. Anyone who's investment for a month knows that. The reason I asked the question is because I suspect the company has no money.
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