To: Scott A. Trapp who wrote (979 ) 2/7/1998 8:08:00 PM From: flightlessbird Read Replies (3) | Respond to of 1574
Alright Scott. Enough with the paranoia. Your DD stinks. Read. You really should gather a bit more experience before rushing to post some great find that will expose the great Bre-X/ACCY scam. C'mon Scott. Your comments were grossly irresponsible and hardly indicative of adequate due diligence. 1. What was the position of the individual you spoke to at Superstition Mountain? Was he involved in any negotiations? How much? Did he simply overhear a reaction from someone else that may have been muttered early in negotiations? 2. You said they "are unable to confirm" the tournament on March 30. Are they able to confirm that it is NOT taking place? If you read the release carefully, they SHOULDN'T be able to confirmt the tournament date BECAUSE THE AGREEMENT HAS NOT BEEN FINALIZED YET. There shouldn't be ANY comment on the tournament until the deal is finalized. 3. You said that "they were not to [sic] happy about some the recent press releases." First off, there was only one. Second off, you bet your a** they weren't happy. This deal is not signed. I'm sure Superstition Mountain would like to partake in a more enthusiastic introduction of this tournament (being that it will be their first sponsored tournament) rather than the weak press release by ACCY that the tournament will be used "if the Raven oks switching dates". The press release really is wishy-washy and not an emphatic, proud statement of this tournament or the course. so why did accy do that? Because yo-yos like you and other hyperparanoid investors have been deluging ACCY with irritating phone calls about what progress was being made on the tourney. I am sure Damian was compelled to say SOMETHING to his shareholders and that was about all he COULD say given how many discussions he is probably engaged in right now. Somehow he had to appease the swarming masses and so the release was issued. I'm betting Superstition Mountain was none too happy about it, but I'm sure it has not affected negotiations at all. They understand Damian runs a public company and has shareholders he is accountable to. 4. "they said there may or may not be talks going on"? Who the hell did you talk to that couldn't confirm this. This statement alone tells me you were speaking to the wrong individual. And if his statement was more of a "I can't comment" on whether talks are ongoing, well then, he can't comment and you should not be able to conclude ANYTHING about the use of Superstition Mountain as a golf course. 5. The press release was a status report. the plot is not starting to thicken (is this a mystery novel?). We are not getting burned. The press release said nothing more than there is a likelihood that Superstition Mountain will be the new site, PROVIDED OTHER CONTINGENCIES ARE MET. 6. You are calling Jack Nicklaus' office? oh my god. great. now you are going to hunt down the individual golfers. Was the press release with a quote from Jack Nicklaus and Jack Nicklaus' name appearing all over ParValu and the Classic Series website not enough for you? Do you think David Marr, with his connections to the Tradition, is going to spout off falsely about Jack Nicklaus? Do you think somehow it would completely escape the notice of Jack's agent that someone claims he is in a contest that Jack never agreed to? That statement alone tells me you are not doing due diligence, you are doing diddley squat. Wow, I am going to feel so much more secure when you report back to us that Jack's office indeed confirmed his appearance in this tournament. WHEEEEEWWWWWWWWW. good gravy. 7. Scott - this company is not a scam. There are too many delicate connections here to be a scam. Crenshaw and Nicklaus don't sign on to scams. David Marr does not associate himself with scams. THIS IS PARANOIA TO THE EXTREME. Damian and David are working hard to pull this together. You can tell me you don't think they'll make it and I'll say "fine, I do" but don't begin implying that there is questionable conduct here. That is very far from ACCY. 8. BTW - there are 16.7 million shares confirmed from Damian. Damian also confirmed there are 10 million shares that are restricted from trading in 1998. So the public float could be at most 6.7 million shares. From what I remember in my conversations with Damian, insiders own a fair amount of those 6.7 million shares (I believe it was 3 million). Now ACCY is trying to set up a popular tournament. This will require cash. I am sure Damian is selling shares as he has to. But given that he probably knows the potential value of this company better than anyone, I am sure he is trying to hold on to as many shares as he can since the price is still much lower than he ultimately expects. I am sure he is only selling what he absolutely has to to help defray costs. Regardless, assuming he sold EVERY share, the float can't top 6.7 million shares. Not horribly far off from the 3-4 million shares we have assumed for awhile. And, in fact, assuming Damian sold 100k shares or so, probably fairly accurate even at 3-4 million shares. Scott - I apologize for sounding rude. I know I did. But your very general commentary based on one very questionable conversation with an unidentified individual contributes fear to this thread and ACCY investors that is VERY unnecessary. When you have found some harder and more revealing insight, we all welcome it, I assure you. But the spin you placed on this meager information, in my opinion, was quite irresponsible. I take back some of my rudeness because that isn't the way I like to sound. I and many others here just don't want to see a sudden wave of new investors jump on and induce incorrect and misinformed fear into an otherwise calculated situation. Investors here are savvy enough to recognize the attendant risks. I think you need to credit them with that much intelligence. I know this was a long post but now that we are finally nearing the release of the information we all covet, I refuse to see the hard efforts of many thwarted by potentially false or misleading information. Best of luck to all investors. If accy concerns you, then I have a suggestion: WAIT FOR THE NEWS TO COME!!! If it meets your expectations, then buy in. If it does not, stay away. And if you say, but accy might jump very quickly and I won't get in at a good price, hey man, that's the risk we are all taking right now. You want in at this price, you give up a bit of security. You want security, you give up a bit of price. Very simple math. Flightlessbird (as always)