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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar)
VNE 36.950.0%Apr 1 5:00 PM EST
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To: David in Ontario who wrote (559)2/2/1999 6:13:00 PM
From: nicholasparis   of 974
 
It's pretty doubtful that VNE is a bankrupt company given that the company has price protection at $o.90 and the stock has traded about 3 million shares at way above that price. Also the company completed an additional $1.5 million dollar financing recently (see the press releases). Ian's comments about VNE having no customers makes no sense -again review the press releases. The reality is practically every junior public company around has one foot in the grave, especially those trading on the VSE and the ASE -that's just part of the game. It's just my opinion but the price action on the stock doesn't really look like a pump and dump -the chat groups, including this one are practically inactive, and there's no obvious b.s. trading. Are there shorts? I sure hope so, but I thing anyone shorting this kind of trading action would have to be insane. I think Ian is right in identifying certain elements of hype, but I'm not sure it really means too much. My observation of this stock over the last six months tells me that the rumours usually come true, and these guys are obviously working pretty hard to build a legitimate business. Tommorrow will tell. I'm staying long.
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