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Non-Tech : Sungold Gaming International (SGGNF)
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To: Frank who wrote (3267)3/13/1999 6:16:00 PM
From: kidl  Read Replies (1) of 5164
 
Frank,
I think you misunderstood my post. I wasn't referring to the price, only to the volume. Point was, there is none. Thus my comment about having gone private. Fact is, we have become the "proud" owners of a totally illiquid stock.
TO ALL:
IMO e-trading will not change this to any great extend. It may narrow the spread a bit but it will not change the fact that we still have two very distinct camps of shareholders:

Camp 1 IMO bought in the very early stages in the low 2's Can. pre split years ago, took some profits during the silly run up in the last stages of VSE trading, keeps up with events by incurring huge phone bills and by investing a lot of time and is somehow satisfied that the company is doing it's best to further the projects and to deal with events as they occur. Mind you, I have to concur with one of my fellow shareholders who recently said " We have to be the shareholders of one of the unluckiest companies I have ever been part of".
Camp 1 IMO is frustrated but feels confident that GLB has been misguided by biting the hand that fed them for so long and that common sense will eventually prevail.
Camp 1 IMO is also fairly certain that Richmond will become reality; economic circumstances simply dictate it. Major investment and 1000's of jobs is not something the BC government can ignore at this time.
Camp 1 IMO has mentally been written off Korea due to economic circumstances which much bigger fish than us have miscalculated over the last couple of years. We are in good company ... but not dead.

Camp 2 IMO bought throughout the VSE run up, not having the foggiest idea what they bought but afraid to miss the "golden" opportunity of owning a stock going "wild".
Some if not most of these people have sold out over the last year at substantial losses, thus acknowledging that they got caught in the wrong stock for the wrong reasons. A feeling that anyone playing the markets must be familiar with. I don't know ONE active trader who hasn't gotten caught more than once. I for one have the "cert" wallpaper to prove it.
Trouble is, they are sore losers. They whine, complain, pollute the thread, kick themselves in the proverbial butt by doing so but somehow seem to feel better afterwards even so they have not contributed anything of any consequence.

Isn't it most appropriate to sell a stock you have given up on?
I now do and I have learnt the hard way:-(

Sorry about the long post
kidl
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