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Microcap & Penny Stocks : INCE - Intercell info??? -- Ignore unavailable to you. Want to Upgrade?

To: L. R. Hamilton who wrote (2464)	12/16/1997 6:10:00 PM
From: Lee Bush	Respond to of 3358

LR: Watch INCE and learn the inner workings of the stock market. The company would have been gone long ago if it hadn't been for the very fortuitous acquisition of Cal Tube. That acquisition was done on very favorable terms and was a real, income-producing, company. It was never given much of a chance to grow, however. The plant expansion was delayed, and assets gained through that acquisition soon were put to work acquiring and launching the antennae technology. Of course that was a different managing team. What I observe is that managers bring to small companies their own particular agendas. There was not/is not much interest in Cal Tube, so the company will likely sell it to someone. What is of interest to present managers is PIC and SIGMA7. The interests of shareholders, unfortunately, usually is secondary to the achievement of their own personal goals, for a particular technology, and/or for personal enrichment. The old saw that management works for shareholders is, in my opinion, pretty much a pipe dream. It is not what motivates management. The question for management becomes: How can we maximize the chances of this technology succeeding, and how can I receive the rewards from that success. The shareholders? Oh, yes, what do we have to do to satisfy them? Better hire a consultant to advise us concerning the justification for our plans to spin off the technology to a company we can better control. That way, shareholders will have no claim that we did not honor their interests. It is a real education. Are they doing anything illegal? Probably not. Are they doing anything immoral? I can't answer that question, because I really don't know. Am I a stockholder? Yes, I continue to be a stockholder, but an increasingly sceptical one, having sold most of my shares at a loss. Lee