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Microcap & Penny Stocks : EDII -- Ignore unavailable to you. Want to Upgrade?

To: jmt who wrote (1187)	6/15/1998 5:15:00 PM
From: Ken M.	Respond to of 2849

I think jmt u would have bitched if they had taken a loan out to aquire these companys, for "going and getting itself in debt". " you would too if someone gave u 5 mill. for 2.5 mill. worth of land. That comment is such b.s. A-It's restricted shares remember, so it doesn'nt matter what todays market value is, since restricted stocks mean u can't sell it for 3 to 5 years. B. It's penny stock remember, very volitale, so even if they did what u said they did, by the time it beame sellable, it may be worth a penny a share, and there 2.5 million dollar land nets them $25,000.00, not a very smart business deal, to gamble on income producing land on a stock, unless u thought that stock was gonna rise in value. C. Again u are pulling numbers out of the sky, with no basis for those numbers. D.How bout "let's not" "knock management, until all the angles have been considered. E.You're right we don't know if this was a good deal or not, common sense tells us it is, but just going by your statement, then why are u still dumping on it. The best thing I think that could happen to this stock is for it to go low enough for u to sell your shares(if u had any to begin with)so that u would not have any reason to be on this thread.