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Technology Stocks : FBN Associates: A Perfect Company -- Ignore unavailable to you. Want to Upgrade?

To: TEDennis who wrote (1204)	6/28/1998 11:46:00 PM
From: E	Read Replies (1) \| Respond to of 2117

"Mean"? You mean these posts are supposed to mean something? You're awfully strict.

To: TEDennis who wrote (1204)	6/29/1998 10:03:00 AM
From: Jeffrey S. Mitchell	Respond to of 2117

TED, you know that abandoned molybdenum mine on the north west corner of our property? Well, I was thinking... given today's technology, despite the fact four other mineral companies have passed it over, I think we just might be able to turn that into another profit center. You see, in keeping with the FBN philosophy, we just declare it a valuable asset and do nothing about it. Then we get it surveyed to prove how valuable the land is, but, naturally, say nothing about the fact it will take twice that amount to work it. Of course, we'll talk about how we're making detailed plans to extract it, but, see, the beauty is we really don't have to get around to doing any real work until our shareholders get restless, which, if play our cards right, won't be for another year. At that point we'll just make sure some key piece of machinery is in the shop and that should buy us a few more months. Eventually we'll pretend to be frustrated and tell everyone we're just going to sell the land. As this will drag us to 2000, when we can't find a buyer we'll just blame it on the recession we are in. Sound good? - Jeff