Mr. Forthright's fictitious portfolio Message Board

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Pastimes : Mr. Forthright's fictitious portfolio

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To: Mr. Forthright who wrote (4)	3/22/1999 12:31:00 PM
From: Crazy Canuck	Read Replies (1) of 94

>>Do you know the Hamilton Group or Carlo Civelli? Why do you like it?<< I like this stock for the potential that it offers. In summary, it is a shell former mining company that has approximately $20 million in cash. This cash has stayed relatively stable over some time now. This means that the management group is not sucking out money to pay for high expenses (A.K.A. bleeding the company dry). They have stated that they are actively looking for an Internet or Tech company to purchase. This amount of money should enable them to buy a pretty good little business if they shop carefully. The management group has also recently taken heavy stock & option positions in the company. This tells me that they expect to make significantly more money from the appreciation of the shares than the existing cash value would provide. In response to your question about Carlo Civelli, I have attached some background information that I pulled off the Jordex (JDX) thread. This information was posted by Keith Massey. Keith is someone who I believe does an excellent job of researching his picks, and then posting his information for others to read. When I read this, it further piqued my interest. _______________ To: keith massey (104 ) From: keith massey Sunday, Feb 28 1999 5:16PM ET Reply # of 177 I've been doing a little digging on Mr. Civelli. Started to get really excited after the info I found. It turns out that Mr. Civelli used to be a director for JDX. -became a director of Co 9210 -was disclosed as a shareholder of Co 9306 -became a former director of Co 9406 -became a director of Co 9901 -bought a private placement in Co 9902 The stock was trading in the .60-.75 range in mid-1993 when Mr. Civelli would have bought his shares. The stock ran-up to a high of $1.80 in Jan of 1994. Mr. Civelli has been in and out of tons of companies that in the past 15 years (includes being a director or buying private placements). Here is the most recent stock investments that I could find in the past 7 years. I got this information from Canada Stockwatch. In Jan. 1998 he took down a private placement for NIR at .20. In May of 1998 NIR hit $4.88. Nice call. In Aug 1994 he did a private placement for SLU at $3.85. By Mid-1995 it was selling at $9. In Aug of 1994 he did a PP at .60 for ADA. It was at $2.50 by Dec 1994. In Sept. 1992 he did a private placement for Ahsa Ventures (AHV) at .56. By Jan. 1993 it was trading at $2.35 (under symbol CKH after a name change) From what I have found this man does not lose money on his investments. I didn't feel like looking up all is investments prior to 1992 but if someone wants to do it and post I would like to see all the results. The one that caught me eye the most was being at the very bottom on NIR. He is now in at .60 which makes me think that the next 6 months are going to be very interesting. Best Regards KEITH __________________ I believe that if the company does a good job of shopping, then the announcement of an acquisition should make this stock appreciate significantly. It is a risk, however, I believe that it is a calculated risk that I am willing to take. I am also interested to know what caused you to list this stock in your portfolio? Crazy Canuk

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