Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 291.73

-1.8%

Nov 13 3:59 PM EST

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To: Francois Goelo who wrote (1539)	1/31/1999 11:05:00 AM
From: Stock Watcher	Read Replies (2) of 52051

Francois; understood; WCAP has an excellent operating cash position: $2.8M; their float is very, very low @ 2.5M shares, and the chart looks terrific. The problem for me is that they are a "closed-end investment company" and thus, the companies they invest in must take off; as of today, there is no evidence yet that this is happening. WCAP doesn't help the situation at all. They put out one press release every 2-3 months, they're not telling us in any press releases about what companies they're investing in, and we don't know the criteria for such investment decisions. I call this lack of respect for shareholders. When WCAP puts all their cards on the table; then it will be time to play poker....regards, sw

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