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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: richard lionhearted who wrote (16275)	6/8/1999 11:28:00 AM
From: Joe Copia	Read Replies (1) \| Respond to of 25711

Thanx

To: richard lionhearted who wrote (16275)	6/8/1999 11:35:00 AM
From: Joe Copia	Read Replies (1) \| Respond to of 25711

alert for SATX shareholder's: from an email: From: encouragertpa@hotmail.com (Encourager for Christ) To: Copiaassoc@AOL.com I don't have access to post on the chat board but there is more to the SATX deal than is seen. I own some shares of this stuff and have come across some sources "in the know" that have explained to me what is happening. First off, It is my impression that the owners were artificially inflating the price of the stock by selling it amongst themselves and buying up what ever stock they could get. The reason I surmise this is because I tried to buy more at a time when the stock was up to about $1.00 and it was not for sale but I could sell mine if I wanted to. As long as the main owners are the same - this company probably will not do anything note worthy in my mind. I still own worthless stock. And as long as the main owners are greedy - don't see anything good happening for the little investor because the owners are not thinking smart - they are thinking more like how much more can I get and how can I screw over the next person. According to my sources: SATX basically went out of business over a year ago. The main investors who are Russian or something and have lots of money to burn kept the company alive in name only - this is why the stock was still trading (.02). The company could have had a product over two years ago but the "then" president and CEO (Steve Lipman) ran the company in the ground more worried about advertising than paying the bills. So the developers did not get paid and they stopped developing the Alpha Track. About a year later the developers got back together and decided that they could make a tracking device better than the one they created for SATX so they started out on their own and developed what is now known as the Global Track GTI-2000. Since then, the main investors (owners) went back to Global Track International to strike up a deal with them becuase Global Track is actually shipping working product. The deal sounded great but the problem is that the investors are greedy and they wanted full control of Global Track International and basically give the developers nothing. Again, SATX could have had a tracking product but the investors wanted it all and the developers were not willing to give it up for nothing. I suppose that is what you can ask for when you already have billions and you don't care who you step on to get more of it. I can say without hesitation that SATX does not have a tracking device and even if they were to start development of the Alpha Track device they are probably two years away from even having a beta test model. The only way that they can pull it off now is to burn a deal with another unsuspecting company. If you are interested in Global Track - you can find them on the web at www.global-track.com. They are a privately held company - something else that SATX tried to change. Feel free to pass this on and post it to the board. The guy on the Chat board who said sounds like more of the same B.S. was more right than he could have ever thought. Sincerely, An Investor