To: CWolf who wrote (6986 ) 6/2/1998 9:45:00 PM From: Steven Angelil Read Replies (3) | Respond to
Folks, this stock to me has been a no-brainer ever since the number $2.85/share value was put out in the PR. Now with further digging, the company is building a business and is in an "aquisition mode." This comes straight from the horses mouth, Mr. Uselton, with whom I spoke with today. This company has a hell of a lot of experience in the oil and gas industry, and I am counting on them to build this business and to bring value to us shareholders. As Mr. Uselton said today, there is going to be profit taking, and he said if he had owned icvi back when it was almost zero and today he had the chance to sell for a buck and a half he would have even sold. However, lets remember he didn't own before (to my knowledge) and he knows much more about the company than the public at this stage. Mr. Uselton doesn't focus on the stock price right now, he is concerned with where it will be in a year at least. You see, that's the earliest date he can exercise any of the options that he holds. He will only benefit if he brings long term success to the company. He's got the wheel and is driving. If you don't like how he drives, then bail out. THere will be daytraders, shorters, pump and dumpers looking for the quick buck, you name it, it will be here. Like JimB and macker and others have said, if you are comfortable with the DD you've done, buy the stock. If you are not, then leave it alone or short it if you can(dare?). All of that will not matter when more is known about the future plans the company has in mind. Remember there are 68M shares outstanding and the price is $1.23. That's a market cap. of ONLY $83M. IMO this stock is a buy up to $2.85 MINIMUM. Of course, this post is based on my perceptions and opinion only. I HAVE put my money where my mouth is.
