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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: rocket_no9 who wrote (90951)3/30/2000 6:32:00 PM
From: If only I'd held  Read Replies (1) | Respond to of 108040
 
Be very careful with BIKR. The company looks tempting because of the price and the cap, but it's not all it's cracked up to be. They have been paying their dealers with bikes. I have talked to the CEO and I do not care for the guy. I got the impression he was a real shifty character from our conversation, and it actually came down to an interview with him from the company that was promoting them back then to address my concerns. Kind of a long story. I have heard they build a real nice looking bike, and real powerful, but they are plagued with mechanical problems, which is what BIKR was paying the dealers with bikes for. (Warranty reapir work.) There are a lot of shares in the float. I mean a lot. They had some convertible debentures....lots of them. Just don't get dumped on. I suppose you have noticed how the stock trades millions of shares and doesn't do much??? I look for them to be on the BB by the end of summer.....or bankrupt. They have a legal issue overhanging them that looks like it could bring them down. Trade it if you want, but I wouldn't suggest beleiving in the company.

That's all just my opinion though. That 1.9m float you see on yahoo is waaaaay off.