Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: BelowTheCrowd who wrote (6257)	1/22/2000 11:31:00 AM
From: Mike M	Respond to of 10293

People with less than me quitting their jobs and becoming "retired" in their 30s and 40s on the strenth of portfolios that are barely touching seven figures. After all, if you've got a million bucks, that's pretty much the same as a $200,000 paycheck right? A million "ain't" what it used to be. I keep thinking I have enough to last me, unless I buy something.

To: BelowTheCrowd who wrote (6257)	1/26/2000 1:45:00 AM
From: BDR	Respond to of 10293

<<What I see around me is scary.>> If you want to see an example of something scary read the following thread's 250+ postings if you have the time. Subject 31131 The condensed story is goes something like this: Nanovation (the third name for this company in the last few years) is a privately held Miami, FL, company that has 5+/- patents from a Northwestern professor for a nanotechnology (buzzword) microlaser (buzzword) that can be etched onto a chip and serve as an all optical switch (buzzword) in fiberoptic (buzzword) circuits, or so they claim. An all optical switch would greatly speed data transmission. Since they are really tiny, many could be etched onto a chip creating a much faster IC (the next Intel, of course). They have raised $56 million with the last $30 million being raised with the help of JPM. All sounds like really good stuff. However, no one has actually been able to test the switch to see if it performs as claimed and they won't have their first product until the "first half of 2000". They have shown a prototype to the mutual fund managers that ponied up the $30 mill (like they would know what they were looking at) and they are going to have an exhibitor's booth at a fiberoptic convention later this year. They have a very nice website that explains most of this: nanovation.com I got that far and decided that, while it may be interesting technology, I would wait for the IPO when I would first get a look at the company's documents, then wait to see the reaction of the fiberoptic market before even considering investing. But then it got really interesting. In early December Bloomberg or some other source discovered a court ruling in Canada that required a company called Stamford International to stop engaging in any other business and distribute its only asset, 9 million shares of Nanovation, to the present shareholders (27+/- million shares of STFD) in the ratio of three to one. Stamford's last high tech venture was a company, Job Industries, that made something with a name like "Ice Blast" which I think was some sort of frozen drink. STFD is traded on the Canadian exchange that has replaced the Vancouver Exchange, nortorious as a lair of stock scams, but can be bought off the pink sheets here by Americans under the symbol STFZF. However, being Canadian there are no company filings that anyone has been able to access as yet. We do know something about two individuals associated with Stamford in the lawsuits: Message 12382117 "The B.C. suits and Ontario actions are the latest setbacks for Mr. Requena, based in Montevideo, and Robert "Bobbie" Hillis Miller, an expatriate Vancouver promoter now operating out of Miami, Fla. The pair watched an earlier promotion, Crystallex International, collapse from a high of $11.85 in spring 1998 to a low of 50 cents on Aug. 28 in the wake of a controversial stock promotion. Mr. Miller and Mr. Requena were especially active in Crystallex from 1991 to 1995." Mr. Miller was appointed to the Board of Nanovation in 11/98 according to a press release posted on the Nanovation site but is not listed as being on the current Board. Mr. Miller was President and Chairman of Crystallex and a Director of Z-Max. I believe Crystallex and Z-max are familiar to at least some of the readers of this thread. The stock, which traded below a dollar earlier last year is now trading at close to $30. The total number of shares that currently exist for Nanovation is not known but is rumored to be around 30 million, though it could be ten times that for all anyone knows. Converting three STFD at $30 to one Nano times 30 million gives the company a current market cap of $2.7 Billion. All of this is there on the thread to read but none of the above matters. If you place a market order now you will surely be rewarded at the IPO tenfold or more. Check out the hysteria in the last hundred posts. There is a guy there with two years investing experience telling me to take a hike for raising some of these issues. I am unable to recognize this great opportunity to acquire wealth. To top it off some guy has posted that he will broker sales of Nanovation by current holders for 90% of the price of three shares of STFZF! Do you think those shareholders know something? This could be dynamite technology and it could succeed, but man is it up to its elbows in sleeze just now. stockmaster.com Enjoy (and shudder).