SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : BCAM International -- Ignore unavailable to you. Want to Upgrade?


To: Micropicker who wrote (111)5/18/1998 4:27:00 PM
From: Yoav ChudnoffRead Replies (1) | Respond to of 333
 
last month, article written several months back - - - Ah the $300.00 Nike (and this was without the microvalve)



To: Micropicker who wrote (111)5/18/1998 7:35:00 PM
From: N. DixonRead Replies (2) | Respond to of 333
 
Micropicker,
<<Have you read the annual report?

It is filled with floorless convertibles, convertible preferreds, preferreds, convertible notes, warrants, promissory notes, loans, etc.>>

Yes, I have read the annual report. But unlike you I go straight to the source when I have a concern. Here is a reprint of M. Strauss's e-mails to me regarding your concern:

<<As you undoubtedly know, last year we did a private placement for
$1,075,000, a second one for $1.2 million, and a third one for $6 million, in order to complete the Drew Shoe acquisition.
Each one of these transactions have taken me a long time, not because the funds were unavailable, but because I wanted to make
sure that I dealt with investors of the highest integrity. I therefore was extremely selective in who I would deal with,
performed fairly extensive due diligence, not only into their backgrounds, but also contacting CEO's of companies that they funded, to
determine what kind of "partners" they were and are. Needless to say, this process eliminated quite a few of them.

Therefore, the three groups that are currently investors of BCAM are, for the most part, longer term investors, of high integrity and ethics, and clearly not the type that are described in the illustration you attached. I have now been associate with these groups for close to a year, working very closely with them almost on a daily basis, and found them to be true "partners", very supportive of management, and the strategies that we are pursuing.

So while I understand your concern, and have heard of situations that are described in the illustration, you can rest
assured that the management of BCAM will enter into a financial arrangement with people that have the highest integrity and business
ethic. There is no way that we will jeopardize the business by entering into a relationship with anyone that we have concerns or
doubts that their business objectives are not parallel with ours. (Incidentally, BCAM has the right under certain conditions to buy
back the investment).>>

<<From Subject Received
bcam Further to my email of today Mon 3/16/98 12:24 PM

Further to my response to you from earlier today, I wanted to make it clear that the only financing that was done on a "floorless" basis was the $1.2 million and over 80% of the shares have already been converted and are behind us.
Best regards,

Mike Strauss
Chairman & CEO
BCAM International>>

Why don't you contact them next time you're worried? Save us a lot of meaningless chatter on this thread.

ND



To: Micropicker who wrote (111)5/18/1998 7:53:00 PM
From: Dave GoreRead Replies (1) | Respond to of 333
 
Micropicker, nobody spends as much time as you are raising skepticism unless you have a motive.

I have 22 years experience in the market and the people I am most suspicious are those that are skeptics or outright bashers on a stock.
"WHY DO THEY SPEND SO MUCH TIME POSTING ON A STOCK THEY DO NOT OWN....hmmm. (c'mon, not really a big secret is it?)

*** BOTTOM LINE: I trust your type much less than even the hypsters....at least I know their motives.

I have seen your kind on TGSK, DGIV, PNLK, and various other stocks that have gone up pretty well, in sptie of you. I would be worried if I were you and I was short, there is a lot of support now on this stock. Some of the "negatives" you raise are not very important at this level, but I admit, they will be when the stock gets to $4-5. We will (or at least I will) become much more picky at those higher levels.

Just like PNLK, when it was under $2.00 it was a "no-brainer", but above $5.00 I expect real earnings potential in the near future, not just a promise.

What IS your motive anyway?
(this outta be good) LOL!