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Microcap & Penny Stocks : MegaWorld Inc. (MEGW) -- Ignore unavailable to you. Want to Upgrade?

To: Emec who wrote (527)	6/3/1998 12:42:00 AM
From: jake burns	Read Replies (1) \| Respond to of 1058

I don't think I'm being conservative. My estimate will change once the company is off the bulletin board and big money comes in. Then, I'm looking at 30-50 dollars. But in this bb marketplace, I feel 15-25 is fair. As I said, we're in on the ground floor. It may take 12 months for the company to grow, get revenues in the door, etc. I have to admit the news today was great. (Stockpro, you said a while back it would happen...you were right...any other info on other countries besides Jamaica???). I'm not worried that the stock price went down...irrational trading induced by panic (basically morons)...this company is building a great long-term future, and I'll be there to cash the chips. The other great thing about the telephony deal is that the capital investment isn't large, but the return on investment is huge. I expect MEGW to have hundreds of millions of dollars of revenue in time, so what's that worth to the 2.08 million shares outstanding? Certainly, more than the measly 6.62 that the market makers are asking today. As bob dehaven said a while back we're paying a quarter for a dollar...not a bad deal...but we won't get the dollar til new money comes in...it's not enough that our small little group knows this company's value...others have to come and recognize it...so we'll have to get off the bulletin board to attract real big money...then it will happen, but not before then. I'm content to be a couple of days early rather than 1 day late.