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Strategies & Market Trends : MCYC - mcy.com online music retailer on the BB -- Ignore unavailable to you. Want to Upgrade?

To: lindend who wrote (2)	8/23/1999 5:32:00 PM
From: jjs64	Read Replies (1) \| Respond to of 4

I'm digging into MCYC too .... Gruntal & Co. (which I believe owns DH Blair and Hampshire Securities ... two super scummy outfits.) did some private placements for MCYC last week at $6 per share, while the stock was at $17. Thats a 64% discount to market. That is CReMeNAL IMO. MCYC has announced deals with Modern Records (OTCBB: MDNR) which is actually a Vancouver stock, a real POS, that has as an employee a member of the Jackson family. That explains their "Jacksons" connection. Chris Byron wrote a GREAT piece on MCYC. Check it out at: msnbc.com Here's an excerpt: WHAT IS MCY WORTH? So, is MCY.com, Inc. worth $15 per share or nothing at all? Frankly, there s no way to know. If the news of the pending $25 million private placement is correct, investors in the deal have doubtless already had a chance to review the company s financials and concluded that the stock is probably worth not much more than $6 per share. Buyer Beware!