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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (8277)	10/29/1999 9:50:00 AM
From: Lola	Respond to of 9115

Me too. Also I think people who are short on the stock should not be allowed to run for a position as scam busters. I like real discussions that are unbiased. I'd put myself in the running but I'm afraid musicguy might have a go at me. I usually only try to bust scams on the Canadian listed stocks . . . too many death threats when you try to bust US BB stocks. Well I don't really bust scams but I warn people about what's really happening with a stock so they don't get stuck holding a POS. Some stocks you can't make a profit even if they are a scam. Like when the President owns 3 million shares at 0.01 and the stock is trading at 0.30. Guess what? It's going down . . . LOL. Lola:)

To: KZAP who wrote (8277)	10/29/1999 11:54:00 AM
From: musicguy	Read Replies (1) \| Respond to of 9115

Ok KZAP, here's one I have been following and got into at .23 WCEC is about to be acquired by VDCT - before year end. "This is the largest video retail acquisition in the industry since the 1994 Viacom/Blockbuster merger and will propel Video City into the position of fifth largest video specialty retailer in the country. " "The terms of the transaction call for each West Coast shareholder to receive .33 shares of Video City common stock (subject to adjustments under certain conditions), and .05 shares of a Series F Preferred Stock ($25 stated value) for each share of West Coast Entertainment common stock." Now, .05 of a $25 stock is $1.25 .33 of a VDCT share at todays close is worth .278 So as of today, a share of WCEC that you can buy for 1/4 is worth over $1.50 What is wrong with this picture? I know the "certain conditions" are not specified, but that only pertains to the amount of VDCT regular shares. The preferred shares are still what catch my eye. Sounds like a decent company after the acquisition as well, although recent numbers are down, it seems like it is worth more than .25 "The announcement was made by Robert Y. Lee, Chairman and CEO of Video City. Lee added, ''This accretive acquisition will give Video City critical mass at the store front level, a profitable franchising operation, and another solid internet site, all of which strengthen our position towards becoming a leading vertically integrated entertainment company.'' We can't tell exactly how many shares of VDCT we'll get just yet, but I believe this is an intersting situation. Also, the only other stock I ever mentioned on this thread was EBLD when it was 1 7/8. It subsequently ran to 8. It is now back at 1 7/8. I think it is a better stock now than it was then. If they ever get their act together and release the audited financials that have been expected for months now, this could move nicely. It seems pretty safe at these levels. I have been holding a bit for a while, and am actually in at a loss (2 5/16) but I will at the very least hold this, and may add. I am more than happy to discuss real stocks that move for real reasons. I actually trade a bit between posts on this thread...... MG