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Microcap & Penny Stocks : International Automated Systems -- Ignore unavailable to you. Want to Upgrade?

To: paulmcg0 who wrote (1333)	7/31/1998 12:15:00 PM
From: Jim Posey	Read Replies (1) \| Respond to of 7618

Paul, I figured that this is where you get your dates from. Do you buy the paper locally or do they send it to you from Norway?

To: paulmcg0 who wrote (1333)	7/31/1998 4:22:00 PM
From: John Ke	Read Replies (2) \| Respond to of 7618

Hi Paul, First, some background. I've been following this board since the non-demo (the news around the stock's collapse is what brought it to my attention). I followed the company closely until I finally bought in in early '97. It was purely a speculative play on the presumption that all the bad news was all out and the PR machine would get back to work. Although highly skeptical, I always believed that IAUS would bring something to the table. I finally sold those shares a couple of weeks ago on the recent price jump. I never believed that it was a 100% scam (Neldon held over 11 million shares but only sold . A cover up, maybe. I believe that Neldon really thought he had a breakthrough, but putting it to the test in the real world slowly but surely brought out some short comings. Over the last two years he has tried franticly to patch it together, and the longer it gets, the more I'm convinced that the risks far outweigh the potential rewards of being long this stock. Anyway, Neldon has over 10 million shares and has only sold a relatively small portion. I didn't realize it when I posted the 144s earlier, but apparently he is using the money to keep IAUS solvent. Unfortunately we don't know how much goes in his pocket and how much is going to keep the business alive (perhaps just enough to keep the wheels turning so he can continue the cycle). This is for Jim and any other bulls, an excerpt from a Bloomberg article dated May 10, 1996: In advertisements touting its stock, IAS takes on non- believers and invites people to look forward to the June unveiling of the technology. Enjoying Insults ''We have enjoyed creative insults directed at us by skeptics,'' the ad, which appeared in such publications as Investor's Business Daily, said. ''We encourage those of you who have missed the opportunity to ridicule us to hurry -- you only have about two more months.'' Do you realize how strong those words are Jim??? Do you realize how many investors sank their hard earned money into IAUS at 10 times current prices based on those strong words??? How dare you accuse Paul and others of being responsible for investors losses!!! I follow AMZN very closely. Bears have outnumbered bulls on that board by 10-1 and the stock has done nothing but skyrocket. To suggest that posts on the IAUS board have caused the stock price to go down is completely ridiculous. Have they kept naive investors from gambling on this company? Perhaps some, I wouldn't doubt it. I took so long to buy in based partly on their very informative posts, this saved me money. But did they cause a mountain of short selling that influenced the price? Please come back to earth. Anyone with deep enough pockets to do that isn't hanging around on this board. And if they are that big, they don't trade on the basis of other's research. The vast majority of the move down in IAUS occurred over the course of the weeks following the non-demo, and were strictly the result of the company not living up to the hype they created. IAUS is operationally insolvent. They have negative net worth. They have 12 employees, several of them are related to Neldon. The market cap is $70 million. The day Neldon decides to not show up at work, the company is bankrupt, he is not obliged in any way to fund the company's operation. If you have high risk capital to gamble away, (I believe there are many better places to put it than in this stock) then go ahead and invest. But if you base your decisions on anything other than hope and wishful thinking, this is not the stock to be long. John