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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?

To: BCfan who wrote (5018)	7/24/1998 9:23:00 AM
From: Thomas George Warner	Respond to of 8879

His response was exactly as expected. While his investment style maybe OK for him, "A gambler in the stock market", it is not OK to induce others to do the same. Maybe this will open some peoples eyes in how really speculative these stocks really are. I particularly like the last paragraph ""For people who like gambling, it's the perfect play, because it's the total crap shoot." Also pay particular attention to the part about IGC!!!!!!!!!!!! msnbc.com ÿ ÿ ÿ ÿTHE LEGISLATION by Sen. Jon Kyl, R-Ariz., approved by a 90-10 vote, would extend the current federal ban on interstate gambling on sports by telephone or wire to most other forms of gambling, including "virtual casinos" that allow interactive betting. ÿ ÿ ÿ ÿRep. Bob Goodlatte, R-Va., author of the House bill to rein in Internet gambling, showed no sign Thursday that he would back away from his bill despite the overwhelming endorsement Kyl's bill received. msnbc.com BIG INVESTORS SHUN STOCKS None of these stocks have well-known investment banks or venture capitalists behind them. United Casino, for instance, raised nearly $2 million by "networking," Brewer said. Nor are they licensed by well-respected gambling authorities. Indeed, IGC and its president, Michael Simone, have been indicted by a state grand jury in Missouri on a felony count of promoting gambling, and the FBI has seized company documents. IGC officials have denied the charges and insist they operate within the law by basing the servers that handle the wagering in Grenada. But they've acknowledged that a consultant and investor in the company is Louis Mayo Jr., who was sentenced to serve five years in prison for a 1979 conviction for a $5.4 million stock fraud. That conviction alone would be enough to bar him from involvement in casinos in Nevada or New Jersey, according to investigative "For people who like gambling, it's the perfect play, because it's the total crap shoot." journalist Stephen Pizzo, who disclosed the tie in Web Review magazine. Given the legal and business uncertainties, and the lack of big-time backers, investing in such companies "is about the highest form of gambling you could do in the stock market," said Soundview Financial Corp. stock analyst Paul Saunders.