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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC.
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To: marcos who wrote (535)3/30/1999 2:26:00 PM
From: Jeffrey S. Mitchell  Read Replies (3) of 4128
 
Don't you just love the phrase "safely in the hands of insiders"? ABFG gave SAO 6 million shares (post split) for stock in a company that merely had "joint venture" rights to property that hadn't even had feasibility studies done on it! And let's not forget the 1 million shares given to WGC. Are these Madagascar-based companies considered insiders? Considering the average person in Madagascar earns less that $1000 a year (http://tradecompass.com/library/94fact/country/146.html), do you think there might be just a little incentive for these guys to cash out for a close to $3 million payday (at today's prices)?!

I also find it humorous that even though ABFG apparently spent the big bucks to airlift in a few "F180s" (supposedly a cargo plane) full of mining equipment last week, they spent more big bucks for a live satellite feed to show us someone using a pick ax! I guess maybe the planes got there Friday and they neglected to mention on the broadcast that it was coming. Maybe they flew the equipment standby. But, not to worry, I'm sure we'll see pictures of the F180 and all the equipment that filled it in the next broadcast.

- Jeff

P.S. ABFG, was the equipment sent for actual mining or for feasibility studies?
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