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To: Trader X who wrote (11033)1/30/1998 7:21:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 17305
 
The person who started that thread was one of the 20-odd most bookmarked posters.

I know. I bookmarked them all myself for possible "insight".

I have to admit, I have been paring them down and took him/her off yesterday but,

....Don't you feel honored by the association?



To: Trader X who wrote (11033)1/30/1998 7:31:00 PM
From: Andrew Vance  Read Replies (2) | Respond to of 17305
 
*AV* -- I don't know about this. I read everything on the thread and it does seem to be too good to be true. I have been following FAMH from the sidelines and could have gotten in early enough and conceivably made money on it but I did not. MEGW looks flakey but who knows these days. CYGS looks just as weird. But I agree with you, small floats have a tendency to wreak havoc. 250,000 shares in a float seems like anyone could control the float for little $$$$ and peel it off to the unsuspecting down the road. You can corner the market and squeeze the shorts real bad with a low float.

I call no one's character into question here by any stretch of the imagination. However, I could slowly accumulate 100,000 of these 250,000 shares and take advantage of the situation. Imagine what an unsrupulous person could do with blocks of stock. Heck, maybe I should buy as much as possible, ask for the certificates and do the short squeeze myself. After all, this has been done before on other stocks here and on other threads. Isn't this exactly how you do something like this?? Find a stock with a small float and a heavily shorted and then squeeze it till you get the propped up price you desire as the shorts are forced to cover.

BTW-this is slightly tongue and cheek. But on a more serious note, why even have a 250,000 share float. IF the stock is destined for greatness, the 90% insider shareholders could easily raise the capital to take it private again. It's only 250,000 shares with the profit potential equal to the purchase price today. A potential 100% gainer for them. Now that makes the hair on the back of my neck stand up. That is the 250,000 share question.

Andrew



To: Trader X who wrote (11033)1/31/1998 1:18:00 AM
From: Da Cat in Da Hat  Respond to of 17305
 
That MEGW or whatever it is is pretty wild.
All posters that came on board within the past year....all talking up the same stocks.....all of them pink sheets.
I was going to post there but why bother?



To: Trader X who wrote (11033)1/31/1998 1:34:00 AM
From: Da Cat in Da Hat  Read Replies (1) | Respond to of 17305
 
So I bothered. I asked why the URL I was directed to requires me to pay before I get information.
I have to check on a guy who hawks these things, a poster named Sid Turtlman. I'll hunt him down and see what he thinks.