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Gold/Mining/Energy : MADISON SYSTEMS(MADI) Multi Million Dollar Contract -- Ignore unavailable to you. Want to Upgrade?


To: roddio who wrote (5232)9/24/1999 10:08:00 AM
From: DuGen  Read Replies (1) | Respond to of 5832
 
Roddio, yup, I still go to that sleazy bar. As of Tuesday evening I've been given another extension on my life. Should have sold at .50 and didn't. When MADI dropped below .31 I should have sold and didn't. Back then I was 150% sure about MADI. Gullible to the max. Looking back on it now, every single piece of information that I was able to dig up has proven bogus.

Had I stuck to my rules the damage would have been minimal. Therefore I am responsible for their loss, not MADI. I've given the money back to a few investors that really couldn't afford it to start with. If MADI bellies up I'll probably do the same with the others. We're only talking a sum just under $1,110 and about a third of that has been returned.

I haven't had any SERIOUS threats..... yet, but I'm sure not Mr. Popular.

DuGen



To: roddio who wrote (5232)9/25/1999 12:50:00 PM
From: DuGen  Read Replies (2) | Respond to of 5832
 
Roddio, I have tried to ignore the tone of your post and can not, therefore I take offense to it. As for the sleazy bar, my attempt was an educational exercise, not to kick butt in the market.

I wanted to start an investment club where under financed individuals could get involved. There's no way they could afford a $5 stock, but I believed MADI could be the ticket.
If we could get in at 50 cents (bought at 41 cents) and we could sell at $5.00 (I honestly believed at minimum we'd have a 10 bagger) we would have the financial foundation to get started with an investment club in real securities.

The majority of people live on fixed income, check to check. Maybe this would have give them room to breath. If a bunch of little ol' ladies can do it, then a bunch of drunk's in a sleazy bar might be able to do the same.

The money that I have given back is the cancelation of the loans that I had made. If they wanted to get in and couldn't afford it, I bought them 100 shares. When we sold, I'd take my cut (without interest or commission)and they'd have what was left. It didn't work, I didn't follow my rules, it was a total bomb. The effort was sincere the results bite the big one.

This was not a get rich quick scheme. It was an attempt to help people, to educate, to improve a portion of their lives. The majority of the people in this sleazy bar realize this. It has turned into a painful joke at my expense and has probably turned off any chance to ever get involved in stocks again. There are only a few that are really bitter and I can deal with it.

The intentions were honorable, the results were bad. If you get enjoyment out of this take it somewhere else, I feel bad enough about it now.

DuGen