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Microcap & Penny Stocks : MISM: Franchising for the Future (The Future is Now) -- Ignore unavailable to you. Want to Upgrade?

To: Andre Daedone who wrote (618)	7/9/1998 10:56:00 AM
From: Leroyt	Read Replies (1) \| Respond to of 1072

Andre, I appreciate your comments. Although I think the total loan now is a little (like $16 mill) under your number. Also, remember MISM's total revenues in 1997 were only $1 mill (or so) borrowing 15x current revenues is not an easy task. "Wheeling and dealing" is the word ... and I think Dan Masters is good at that and doesn't jump the gun while wasting valuable resources. I understand the offices near Toronto are rather spartan and I rather like companies that operate that way. Get the money to the bottom line NOT in a lot of overhead. My only wish (from past actions) is that the company had made the state of financing clearer. My understanding (back to three months ago) is that the financing was all set. This was not the case but it may well have been that MISM was misled by the financing institution. The resulting negotiations through MId-May got delayed and delayed until MIS had to cut them off. The next round of negotiations ensued with MIS tracking down two or three sources of funding to insure that financing succeeded this round. 8 weeks for financing this level of money and getting the best deal possible is NOT an unreasonable time. On the other hand, when you have a lot on the line and CANNOT know all the details (as an investor) until the information CAN be made public, it is VERY difficult to sit still. But that is part of the ART of investing. Bought a book a few months ago on the Zen of Investing (for some reason) but I liked the section in the book dealing with FEAR. It's easy to get scared when the chips are down. I try to do my best to hang in there. If the reward is to be high, there must also be risk. That's what BB stocks are all about. still very long on MISM, leroyt