SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire! -- Ignore unavailable to you. Want to Upgrade?


To: KZAP who wrote (3291)7/22/1999 8:03:00 PM
From: Due Diligence  Read Replies (1) | Respond to of 3584
 
I'm starting to get it.<haha> Let's just clarify a few things:

1-The newsletter came out weeks ago.(my understanding) Guess everyone waited to buy all at once and no one stayed. Sheeeesh!

2-The volume started with a 100,000 shares traded at the bid. Believe it was at .10 and the bid rose. There were other trades at the bid and the bid rose,too. Duh. What does that tell you????? My thinking is that there is a short position in this stock and covering occurred. And possibly still is! That is not usual, happens all the time. Not trapped either, so don't even go there.

3- There are some longs that sold some shares(about as long as a few upticks and great for you) and would like to see the price lower to re-enter,cause they like the stock and believe in the potential.(obviously due that they are still here posting)

4- Then there are some than just like to bicker; can't see "the forest for the trees."

Agree or disagree? But remember, one is a fool to base his/her investment,position, or daytrading decisions on some internet postings. This posting included.
Enuff Said,
DD
.
.
.
.
.
.
.
.
.
.

Feel better now. Whew!



To: KZAP who wrote (3291)7/22/1999 8:10:00 PM
From: TraderGreg  Respond to of 3584
 
I stand right in the middle...shares to sell for the next pimp newsletter that P&Ds it, cash to buy after all those who got fleeced by newsletter hype give up. Wish I had had the cash to have originally owned 10 times as much and wish I had the cash to buy 10 times as much after the victims of the "market order to buy at the open" finally capitulate and move on.

Otherwise, I feel comfortable here.

TG



To: KZAP who wrote (3291)7/22/1999 9:50:00 PM
From: two trades  Respond to of 3584
 
From La Guardia GFS:

Please allow me to clarify La Guardia's position. We are not "front running" nor do we have any connection with any news letters. We do maintain a rather large e-mail data base of individual investors, brokers and market makers who are interested in the due diligence we perform on the companies we represent.

Yes, we began a relationship with SETO prior to the company choosing to make a Public Press release about the relationship. Once again, this was for strategic purposes. This does not mean that SETO, MDMI or any other company we have or are currently representing was attempting in any way to hide their relationship with La Guardia. There are many steps in a due diligence process, and some of our clients pay us to perform such due diligence. Often in this process we offer our Investor Relations and Public Relations services to those companies which we feel are significantly undervalued and represent major potential for price appreciation.

TO further clarify, our contract with MDMI paid us $2,500 (USD) cash up front, and 800k shares of stock restricted under SEC Rule 144 for one year. The legend will be removed from our stock in early March, 2000, provided we choose to register the stock at that time.

I hope this has helped to clear up some of your questions.

Please do not hesitate to call us or e-mail us (800.292.1361 or comercio@doscomercios.com) if you have any further questions about our contracts or relationships. We operate on a very open basis, and pride ourselves on our integrity.

Thank you again for your continued interest in MDMI!

Sincerely,

Phil Hernandez
Public Relations
La Guardia GFS