To: SSP who wrote (11516 ) 10/11/1999 10:46:00 AM From: Jim Bishop Read Replies (1) | Respond to of 150070
Found this on your YNOTD -------------------------- Wall Street West-Sunday, October 10, 1999 8:01 PM Light Energy Management, Inc. (OTCBB: YNOTD: .35). We don't have any further updates on this one other than that a reverse stock split was just completed this past week in order to clean up the float. The "D" is added to the ticker symbol for 30 days, signifying the split. Our understanding is that the float is 1 million with 5 million shares outstanding. For those new subscribers here is the story: Small investors very rarely get to participate in real IPOs until after they come out and start trading. By then it is often too late, as the IPO soars. The big brokerage firms and special high net worth clients get to buy into IPOs BEFORE the stock comes out. Little guys are shut out. If small investors get to participate it is only in small amounts like 100 shares. However, there is a "poor man's" way to invest in a "quasi" IPO. It is called a shell deal. Many new companies begin trading not through IPOs, but through merging with a public shell. A public shell is a publicly traded entity with a stock ticker symbol and no business activities. It is used as a vehicle for a private company to go public quickly, bypassing the traditional IPO and all of the bureaucracy that usually accompanies it. By merging with a public shell, a private company can go public in a matter of days rather than months. Though this kind of deal is technically not an IPO, the results can be the same: a soaring stock price once word gets out about the new company. The bad news is these deals are very hard to find. It seems that everything is kept quiet. What happens is that investors close to the private company find out about the deal first. So they and their friends and families start buying the stock, driving the stock price to high levels. By the time the rest of the investment community DISCOVERS the stock, it is already priced much higher than what it was as a public shell. If the new company is successful and profitable the stock price can soar higher yet, as the ticker symbol no longer represents a shell but a new profitable company! We believe we have found a shell that may be close to a merger. Here is the story: We talked with an official close to YNOTD. We were told that YNOT is a clean public shell that is currently in discussions with a European Interest. A deal could be announced in a matter of days. The shell is fully reporting and plans to continue filing so that it can remain listed on the OTC Bulletin Board. This could be a HOT deal for investors who are looking for a high risk, but VERY high reward deal. I have seen these kinds of deals before from the outside and missed many opportunities to get in. One ran from pennies to $1.85 after it was announced that the merger was complete. Another one called SRAD ran from .10 to over $1 within a couple of days. That shell was eventually sold again and the Symbol became PAID. From there it ran to $7. We have been looking for a deal like this for a long time. Ground floor investors always stand to make the most money from these deals, as we are in BEFORE any announcements or stock activity. We are in YNOTD for the duration and look to buy more as a deal gets closer to closing! We will continue to follow YNOTD and keep in contact with the managers and bring forth any information as it becomes available. It is hard to put a stock price target on this one, but it did have nice activity a week or so ago and traded as high as the .10 to .12 area. Once again, this is only for HIGH RISK investors who want to get in at the earliest level of a public shell deal. Investors must be willing to hold at least for a couple of months should the current deal fall through. You should also be able to tolerate a lack of liquidity. Remember, YNOTD is a shell, so there will be very limited, if any, interest once those who know about a deal are in position. Patience is required as we must wait for negotiations and the closing of a deal. But the wait could be well worth it, as there is nothing worse than chasing a rapidly moving stock price and trying to get a profit when a GROUND FLOOR opportunity presented itself before the run up. For more information about the deal contact Mr. Chris Harper at 1-604-601-8214.