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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: lindend who wrote (2796)	8/4/1999 5:26:00 PM
From: Gerald Walls	Respond to of 19428

Interesting story on TheStreet.Com today about LAIG. thestreet.com The really marvelous thing about Wall Street is its conjurer's capacity for making something out of nothing -- or at least a lot out of very little. This week's example: The overnight rebirth of a 2-cent-per-share penny stock known as Fi-Tek V into a New York-based securities firm named Laidlaw Global (LAIG:Nasdaq OTC BB). Laidlaw now occupies three floors of swanky, high-rent space at 100 Park Ave. in Manhattan and is now selling for around $25 per share. <body of article> Yet there the stock now sits, at a current price of 25, with no financials readily available to anyone to show that the price is preposterous. Will the Laidlaw boys soon be cashing out? You bet. The aforementioned Bendelac tells me the company will be filing full financials with the SEC any day now, along with a registration statement allowing holders of a big chunk of the company to begin bailing out. When that happens, well, frankly it's hard to see this stock going anywhere but down. Ain't it always that way on the Street of Dreams?