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To: ArtieM who wrote (120)12/31/1997 11:08:00 AM
From: Musya  Read Replies (1) | Respond to of 7701
 
Thanks Artie for your post. I understand stuff you are saying about the risks of investing in a "Banana Republic." I was trying to get a grip on how it is out there in V-land. George seem to address some of my concerns in his Presidents address. But I am still worried whether NRAG and the local authorities will be able to enforce the law, meaning that the mashines will not be force-broken into. There is cash inside, after all, and, as you agree, there so many poor people around! And not many law enforcement officers. And those that are out there, may be easily bribed (I KNOW it from my home country experience). In fact, they may be ready to help to to lute the mashine... (Here in the U.S. you may never think of bribing a highway patrol officer who is writing you a speeding ticket, but in my home country the ONLY way is to pay him cash, which he will put in his own pocket. If you do not do that, he will take you to the police station, and there you will have to pay a LARGER BRIBE to a higher ranked officer... It is sad, but it is a fact.)

I was very happy to read the presidents report. YES, the president of a penny stock company IS the company, and his knowledge and enthusiasm mean life or death for a company. I am happy to see that he is willing to communicate with shareholders and is ready to go an extra mile to do that. BTW, after reading his report, I finally got on board with my first batch of shares.
Soory if I hurt your feelings with my comment on "older and more experienced". Well, "older" generaly means "more experienced", but not necesseraly in the stock market. I apologise, and let us leave it at that. (And yes, many old guys got burned by the BNGOW call. And some young ones got out on time and rebought the shares at 5 1/2 and 5 3/4.)