To: d:oug who wrote (11823 ) 10/19/1999 9:15:00 PM From: JACK R. SMITH JR. Read Replies (1) | Respond to of 14226
Doug, Usual liquidation values for stocks such as this are around $0.001. I know because I have owned a couple. This would value the company at about $30,000. Certainly the value of the "Sonny Lamont" home is greater than that, if they truly own it and the surrounding property. I would say that the company would be "undervalued" at that price, and we seem to be headed there, unless there is significant and believable imput from the current (let me put this in terms worthy of a man of principle) questionable management. I am certain that I have said many times that credibility and credulity are paramount, certainly in these times as relates to the mining and certainly to the junior and unconventional mining industries. I am certainly frustrated by the fact that I see a sea change coming for the commodities versus securities. This is perhaps not the forum for this discussion, but because I have been here and commented for so long, I will present it here. The trend is your friend until the end of the trend. Nothing lasts forever. When the trend is over, then look for a new trend to be your friend. Long trends take a long time to end and may make many tries to continue their trend. When a trend ends, it cannot exceed its previous high trend. Then it declines in waves until it bottoms and begins a new phase. A healthy trend approximates a 45 degree incline on the charts. Declinations from that must be viewed as excess. Certainly, here we live in a time of excess and decline from excess. I am wandering here, but have much more to say, but here, I will spare all and truncate my humble comment. Where is the bottom, Zeev? Jack!