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Microcap & Penny Stocks : ISSM -- Ignore unavailable to you. Want to Upgrade?

To: Step1 who wrote (4858)	10/23/1997 2:38:00 AM
From: GuinnessGuy	Respond to of 5211

Stephan, I don't think that these guys ever had a clue as to how to go about running a successful startup much less morph it into a successful manufacturing company. If you look at the other companies that ITG has/is touched(ing) upon you'd see that they didn't exactly lay any golden eggs -- at least not in the traditional sense. I tend to think that these guys are good at syphoning off money in situations where money is tight or outright bankruptcy exists. They keep on hopping from one shell to another in order to throw off the scent. Note the new company, Global Technologies. It, for some very odd reason, has the same address as ITG and ISSM. I think that it was formed in order for them to do their next 'hit and run'. I really wish that I could employ an ex-SEC investigator to look over the antics of these guys and come up with the how and why they do what they do. I'm pretty sure that they have some sort of formula that someone with an investigator's experience could see right through. Mind you I'm not saying necessarily that they have done anything illegal but that they have probably just sleazed their way through this loophole and that loophole and used the english language in such a way as to not say anything concrete but yet play on the greed of investors. In fact, I wouldn't doubt that Robert Terry is in court right now changing his own name so that he can go right back at it without risking being recognized by former ISSM investors. Heck, that's what I'd do if I were into playing the type of games that I think that he and Mackleff(and Savage and Dieterich et al) are into. Anyway, good luck everone and I hope that we've all learned something valuable here. I personally found Bennett's list of unheeded warnings particularly insightful. I know that I am NOT going to be a OTC-BB investor without(1)calling the SEC to confirm that none of the players has had a problem with them before and (2)reading every SEC document that has been filed for the last year. In general you might want to use the guidlines here: sec.gov Even with a lot of due dilly I'm not sure that the whole pink sheet world is really worth it. If I want to take big chances I'd just as soon play options with a contrarian theme on either overly beat up but otherwise sound companies(like Dell two years ago) or stocks whose prices seem to defy the gravity of poor fundamentals or just plain realistic expections(like AOL, TXN or PRST). Regards...Craig