To: hawkeye who wrote (2854 ) 10/26/1999 11:16:00 AM From: hawkeye Respond to of 3679
!!!HAWKEYE'S RECAP!!!!HAWKEYE'S RECAP!!!!HAWKEYE'S RECAP!!! So anyways, hawkeye's friend tell him about stock named Solucorp (NASDQ BB:SLUP). hawkeye's friend tell him how she meet long-time friend of person who left his own investment banking firm to nurse SLUP into big company. hawkeye's friend tell him SLUP story, how process invented and how the company had been developed. Friend tell hawkeye how Browning-Ferris had looked into the company and told SLUP, "w'ell see you in a year to see what you've done". hawkeye hear maybe SLUP get bought out at $15-$30. hawkeye just in that frame of mind, tired of living in dump apartment on crummy government salary, so he decide to give SLUP a shot. hawkeye had not been involved in market for 9 years. (hawkeye used to trade the OEX. On 8/8/88, hawkeye's pocket quote machine breakdown. hawkeye figure universe trying to tell hawkeye something.) hawkeye put and keep all money in stupid money market fund until he withdraw it to pay for SLUP. hawkeye see SLUP go up and down. SLUP give hawkeye sh#tty Christmas in '97. hawkeye give it more time. hawkeye see MBS get high marks from EPA. SLUP announce it going to file with SEC to become SEC reporting company. Plan to get NASDQ small-cap status. Then SLUP announce that it make big splash in China, China EPA taking look at MBS, SLUP form join-venture with respectable Chinese electronics/chemical company with established business relations with Fortune 500 US company's, that look like it also have big connections with Chinese/military industrial complex, mention of pilot projects with China Aerospace (everyone know who they are). Stock go over 5, then slowly slip back over several months. Then come Asian financial crisis. Everything associated with Asia get hit bigtime. hawkeye reamain unshaken. hawkeye figure Dow bound to rebound again to 8,000. As market continue in free-fall, hawkeye keep buying more SLUP. hawkeye stoopid enough to use SLUP as trading vehicle for the averages. Then come VERY BIG news about Kemper deal. This was very significant. Very hard for new technology to break into remediation market. Everyone fearful of possible future liability. Due to way the law works, they be better off using same old stinking cement process that everyone else use -- that way, they not be found negligent because they meeting industry accepted practice, even though it lousy. Kemper deal said that Kemper would offer environmental liability insurance on SLUP projects. Overcome big obstacle to SLUP's seeking entry into the market. Savy investors recognize the significance of KEMPER deal on SLUP's prospects for growth and profits. SLUP price soar over several weeks from 2.5 to 5 15/16. SLUP also announce it filed for small cap NASDQ status. Everything looking rosey for SLUP and hawkeye. hawkeye decide to hold-on at least another few weeks until hawkeye's investment turn long-term. hawkeye start packing-up his stuff, start looking for two-bedroom condo in North Arlington close to the metro so he be able to get to work on time more often. Then sh#t hit the fan. SEC "temporoarily" suspend SLUP for 10 days. Within days, stockbroker from Florida hire big-time NYC lawfirm to file class action suit so lawyers can get big bucks, and small investor's like hawkeye maybe get settlement of %5 on the dollar. hawkeye locked into his position. live off credit cards until SEC investigation concludes. hawkeye have no idea it could take this long. NOW, 19 months later, and hawkeye still does not know what or who hit him. hawkeye all summer on daily basis follow developments on S625 -Bankruptcy Reform Legislation. Two-weeks ago Trent Lott lose cloture motion and S625 gets derailed. Now, hawkeye hear S625 scheduled for another try on Friday. (S625 great bill for credit card company's, but that another story.) hawkeye and fellow sluppies on SLUP board try to keep spirits up with humor. Now no longer a laughing matter. Last year, hawkeye receive communication saying that hawkeye's friend hear from industry source that some cement company was the instigator of the action against SLUP. Later, hawkeye receive another communication that the instigation was "industry related". hawkeye start looking everywhere for a connection. Now SLUP sell for 12 cents, if at all. it now nearly 19 months since suspension. hawkeye presume we should tack on at least another month. hopefully SEC have hard evidence of wrongdoing BEFORE it suspend SLUP. maybe people at SEC who know, shake there heads and laugh at hawkeye. say he soon eat his words. say serve hawkeye right for investing in cheap bulletin board stock. hawkeye not care what they think about hawkeye. hawkeye just wants to know the truth! hawkeye want to know who screw him. hawkeye believes the implication of Mr. Justices words in Sloane v SEC case is that SEC should be forced to disclose what evidence it had of SLUP wrongdoing BERFORE it suspended the stock. hawkeye know that Sluppies have heard this story before. hawkeye offer it here again as a reminder of where we have been. hawkeye (not Hawkeye)