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Microcap & Penny Stocks : FutureTrak International, symbol FTRK -- Ignore unavailable to you. Want to Upgrade?


To: Paul Weiss who wrote (67)2/2/1998 7:31:00 PM
From: SirAlexx  Read Replies (1) | Respond to of 663
 
Paul. I must refer you to the company for anything related to their sales, etc. As far as the stock is concerned, that is a question for the brokers. I have started this thread to discuss the company and its products which I believe will make this company a success, and I have looked some of the people in the eye at the Lauderdale boat show, and I was impressed with them.

I have copied for you the two paragraphs that were inserted into the startup page for this thread; they are below..

This is not an offer to buy or sell any security, and is meant for
information purposes only, and to stimulate discussions on the products and the company only. The information contained within is considered to be reliable, but is not guaranteed to its accuracy or
completeness. Errors are inevitable. Estimates are uncertain.

The proposed symbol for FutureTrak Int. is FTRK, and is expected to begin trading this week. Please do your own research and homework on this and any company that you may be considering as an investment, and take extra precautions with FTRK as this is a bulletin board issue, and as such carries with it a high degree of risk.

Subject 17667

As you can see, I am not about hyping the stock, and have never encouraged, suggested, or persuaded anyone on Silicon Investor, or any other message board to buy this stock.

However, the more I am learning about the satellite technology industry as a whole, the more I see an opportunity for this company.

Getting a behemoth like Lockheed on as a partner goes a long way, IMO, and is the kind of news that IMO, people who are investing in and or talking about other satellite related technology providers, be they service or otherwise, should also be taking a look at this company as they begin to emerge.



To: Paul Weiss who wrote (67)2/3/1998 11:45:00 AM
From: David  Read Replies (1) | Respond to of 663
 
Here's a giant red flag on Futuretrak's legitimacy:

quicken.excite.com

Let's parse this announcement. Futuretrak's holding company, World Vision Holding, Inc., (WVIS) currently is a $3 bulletin board stock, very thinly traded (a whole 200 shares traded today and none yesterday), that has, according to Stockmaster, been in the range of $2.50 to $5 over the past year. WVIS bought 80% of Sun Holding for 2,981,300 shares of its stock. Sun Holding was described as worth $4,069,946 in the release, and losing money. Therefore, to equalize value, WVIS stock was priced in this transaction at $1.09 per share -- even though it was on the market to outsiders at somewhere between $2.50 and $5 per share.

In other words, owners of Sun Holdings got Futuretrak's parent corporation for a wonderfully discounted price of $1.09 instead of the "market" price of somewhere between $2.50 to $5 (actually, whatever the price was on the date of the transaction, but this teeny stock isn't that closely tracked by the data services). Why would WVIS give away stock at this low price? Isn't that breaching its fiduciary duty to its stockholders? Well, not if WVIS is simply in the business of unloading worthless stock to naive investors at a tremendous markup, and owners of Sun Holdings wanted in on the scheme.

I remember SirAlexx posting that he got pre-IPO Futuretrak stock for $1 a share. (It seems to be the insider's price.) Fortunately for him, he's already unloaded some of it for well over $2 a share. He's pumping, and now he's dumping.

Buyer beware.