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Technology Stocks : MBT International Inc. (MBTI) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Meyers who wrote (204)	9/7/1999 12:10:00 PM
From: Hal Rubel	Respond to of 212

More Like a Sleeping Puppy I am assuming that MBTI will remain "quiet" until management, with their scarce resources, can realize it's slightly over optimistic plans for rapid technical development and implementation. Many of the things that are being worked on that were due in the last 30-60 days may actually take until November to to fully realize. This is not so untypical of start-up companies. Fortunately, nothing being worked on is new or never-been-done type technology. Share holders are not running that kind of risk. I would say this is more like a build-it-and-they-will-come type investment with a few potentially profitable spin-offs along the way. As an example, the Life at Home site developed along the way seems to have the potential to be the tail that wags the dog. If it continues to catch on, it may become the company's principal asset. It is not unusual for a pragmatic firm with responsive management to start up in one direction only to prosper in another. At least, they are in the game. Shares valuation of MBTI is an enigmatic mater to me at this moment. Currently trading at around $1.50 and in the winter of it's discontent, the share price is suseptible to dramatic upward swings if it were to draw any widespread favorable comment. In the absence of developmental progress or favorable news, the share price could remain adrift, settling a little more but at a very slow rate. The one thing I am banking on is that there will be favorable news because there are no unsurmountable problems aside from the the time it takes to set things up. For the short term investor there is the attraction of multiple price spikes ranging from 50 - 200%. For the long term investor, there is the knowledge that management is internet savy and is quite likely to have some economically exploitable successes along the way. Many stocks do go to the bulletin boards to die, but this puppy has not yet had its day in the sun. That day is coming in the next few months. In the mean tine, $1.50 ain't so bad a price for new investors to pay. The new investor in can buy into MBTI at a rate considerably lower than that paid by the visionary investor and the vision itself is still intact. Hal