Just received this email.They are highlighlighting USBL.Hope I copied it right. You can scroll through the first part.
"Information is Power"
Jimbo
Global Internet Investment Newswire <Daryn1234@worldnet.att.net>
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GLOBAL INTERNET INVESTMENT NEWSWIRE
November 20th, 1997
This is a new electronic newsletter highlighting what our analysts feel are outstanding worldwide investment
opportunities. We hold positions in some of the companies and others we are preparing to take positions in or arecurrently undergoing due diligence. The purpose of the newsletter is to create worldwide dialog about various opportunities in an open forum and to establish lifelong friendships and cooperation among investors. A website is
being developed with an electronic bulletin board, enabling everyone
involved to contribute tips, questions, comments,etc. We hope to develop a worldwide investment club, with the power and ability to move markets. We encourage yourcomments as to our format, stories, etc. Welcome!
WEEKLY COMMENTARY.
We had quite an exciting week here at the newsdesk. We spent much of
the early part of the week adding subscribersto our mailing list. It seems you guys like our easy-to-read and understand format. Several of you sent us stock tipsand insight and we appreciate it. We will try to include these as much as possible because this is YOUR
INVESTMENT NEWSLETTER. But please be sure all tips include web site
addresses. One of our policies is that weonly cover stocks where further information can be found on the web. We feel that if a company does not have awebsite it is probably hiding something. Investors go to the web to find more information. If they run into a "brickwall" and go nowhere they have just wasted their time. Lots of information in this exciting issue. We have latebreaking news about the United States Basketball League and Thermotek Environmental. We have a hot PRIVATEPLACEMENT opportunity and several stocks mentioned by our readers. Print out a copy so its not so hard on your
eyes and READ ON........
FEATURE STORY: UNITED STATES BASKETBALL LEAGUE GETS BUY
RECOMMENDATION FROM
ANALYST!
United States Basketball League (Nasdaq-BB-USBL) We have been
following this one closely over the last couple ofweeks. This summer basketball league is a minor league for the NBA. The company intends to apply for Nasdaq SmallCap listing this spring. Rumor has it that the league plans to hire a former NBA coach. Volume seems to be increasingnow. Almost 20,000 shares traded today with the stock moving up to 2 1/8. Today, an analyst with the investment
banking firm M.H. Meyerson and Company issued a research report. We
found reference to it when we did a USBLsearch in Yahoo. Andrew Scott, Senior Research Analyst, believes that the stock is undervalued and that it should beworth $5 per share (150% higher). Here is a copy of the news released earlier today:
Newport Tower
525 Washington Blvd.
Jersey City, New Jersey 07310
www.mhmeyergon.com
ANDREW H. SCOTT
Senior Research Analyst
Purchase Recommendation
Institutional Department Retail Sales Department
(201) 459-9440 (201) 459-9500
(800) 422-4114 (800) 888-8118
UNITED STATES BASKETBALL LEAGUE, INC.
(NASDAQ BB: USBL)
Recent Price $1 7/8-2 1/8
15 to 18 Month Price Range $2 1/2 to $1 1/4
DJIA $7,553.36
Dividend Nil
Dividend Yield Nil
Earnings Per Share - February 28,199X
1999E $0.15
1998E $O.06
1997 (0.01)
CAPITALIZATION
Fully Diluted Shares Outstanding 3,431,000
Shares Closely Held 80%
Average Daily Volume 5,000
Long-Term Debt - % of Total Capitalization Nil
Market Capitalization $6 Million
The information contained herein has been prepared from sources believed to be reliable. However, its interpretation, correctness or accuracy, and the accuracy of our estimates andprojection cannot be assured. Nor should this report be used as the sole source of information. M.H. Meyer & Co., Inc, is a market maker in the securities of the Company and may be long orshort o such securities from time to time. The firm has an investment banking agreement with theCompany and the firm, customers of the firm, and the author of this report holds positions in the Company's securities. M.H. MEYERSON & CO., INC-
UNITED STATES BASKETBALL LEAGUE, INC.
Balance Shect
(Unaudited)
August 31, 1997
Cash $1,746
investment in common stock 20,420
Due from affiliates 4,700
Inventory 16,000
Prepaid advertising credits 657,812
Prepaid insurance 17,437
Prepaid barter units 50,000
Property & equipment $60,696
Less: Accumulated depreciation $48,880
TOTAL ASSETS $779,931
LIABILITIES AND STOCKHOLDER'S EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 220,461
Due to affiliates 33,337
Notes payable - Spectrum 138,817
Notes payable - stockholders 145,533,
TOTAL CURRENT LIABILITIES $538,148
STOCKHOLDERS' EQUITY
common stock $34,310
Preferred stock 11,057
Additional paid-in capital 2,460,524
Accumulated defecit (2,258,490)
Treasury stock, at cost; 5,000 shares (5,618)
TOTAL STOCKHOLDERS' EQUITY $241,783
TOTAL LIABILITIES AND STOCKHOLDERS'EQUITY 779,931
As per 8/3 1, 10 Q.
Visit the USBL website at usbl.com and order an investment
package directly fromthe website. We will continue to follow this one closely.
Daryn Fleming
Editor in Chief
Disclaimer: Investing can be risky. This newsletter is not nor should be construed as investment advice. Always do your own due diligence and consult with experts whenever possible. The opinions are those of the author only. Theauthor assumes no liability and simply reports information that is believed to be reliable. |
