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Microcap & Penny Stocks : EBAS- A SLEEPING GIANT...NEXT EXPLOSIVE FIELD -- Ignore unavailable to you. Want to Upgrade?

To: Joe Bilich who wrote (57)	11/16/1999 6:16:00 AM
From: LANCE B	Respond to of 80

you are absolutely correct... this situation is currently similiar to the situation which i am studying closely with NGLD....new gold which was a mining operation is looking to complete a merger with commercis which is a private company that is an asp provider with has deals with some big companies such as i.b.m,by no means is newgold now a big wig in the asp field,but the company that is looking to buy the shell is...

To: Joe Bilich who wrote (57)	11/16/1999 11:54:00 AM
From: paulmcg0	Read Replies (1) \| Respond to of 80

"This type of acquisition is a pretty common way of quickly taking an operation public with minimal hassle." I did some checking on this -- it's called a "reverse merger" where a company buys a shell to go public. Apparently, the "minimal hassle" you are talking about is that they didn't have to file any financial reports with the SEC. As I mentioned in a previous posting, without financial reports filed with the SEC, something that carries penalties for filing incorrect or misleading information, people have no way of knowing if a company is for real or is merely hype. There are OTC BB companies, like COII, that do file financial reports with the SEC, that may show a bad financial situation, but at least they let people decide for themselves about the viability of the company.