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Microcap & Penny Stocks : AMIG - THE NEXT AUCTION SITE

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To: Jim who wrote (224)5/12/1999 3:28:00 AM
From: Doug Fowler  Read Replies (1) of 251
 
It amazes me that the SEC hasn't gone after this company.

Clearly, AMIG was a HUGE FAILURE in its auction site, which is why they have shut it down.

Those press releases saying they had gotten hundreds of thousands of visitors in a few days were clearly untrue.

This stock will one day be a true penny (ONE penny) stock.

Nobody knows how much money these people have, what their revenues are, what their losses are, etc, because they have not reported them.

The company just spews out press releases about what they are going to do, but WHERE is the earnings report?

On March 9, the company issued a press release saying an audit was underway and should be completed within 3 weeks.

Well, March 30 would have been 3 weeks later, and it is now 6 weeks later, and no further news on the audit.

The company announces an acquisition of the Little Dutchman, and then calls it off 5 weeks later.

12 million shares, at $0.50 each, valuing the company at $6M.

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