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Microcap & Penny Stocks : WestAmerica Corp. (WACC) -- Ignore unavailable to you. Want to Upgrade?

To: bh who wrote (156)	4/2/1998 7:59:00 PM
From: Ed Bowes	Read Replies (2) \| Respond to of 749

If they weren't in a cash crunch, I could beleive much of what they say. However, I think part of the hype so far is not to attract us smalltime investors, but bigger fish. Beleive it or not, poeple have been able to raise up to 50 million on nothing but promises. For example, take a look at Q Entertainment / Q-ZAR (QZARF QZAFQ). They raised over 50 million in 1996-97 on nothing but phoney press releases and "cooked books" with the help of KPMG. They frauded many out of millions (and me out of $6,000). I have a feeling if there was wonderful progress being made, we'd have everything being told to us in press releases ... and then some. It will be interesting to see all that happens. No harm in holding on and if they do pull it off (or pull anything off), it should yield us profits! Cheers! Ed.